SHBT HOLDINGS
⚰️Wound downdissolved
SC096581 · private-limited-guarant-nsc-limited-exemption · incorporated 1985-12-27
Investment thesis
Company dissolved — not a live target.
Why interesting: Historical record only; useful for precedent research.
Why risky: Not transactable.
Why now
Window steady · low confidence
Stable recent picture — watch for any upcoming trigger event.
What changed my view
Last 30 days
No material changes in the last 30 days.
Last 90 days
No snapshot from 90 days ago — start tracking from today.
Last 180 days
No snapshot from 180 days ago — start tracking from today.
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
59/100
Worth a look
What this business does
Primary activity: Construction of commercial buildings
Sector: Construction
ALSO REGISTERED FOR
- 91030Operation of historical sites and buildings and similar visitor attractions
Investor take
Pass (distressed without resilience)Distressed unclear — structural issues outweigh the discount.
Opportunity 59/100 (worth a look), bankability 52/100. High owner-dependency — earn-out structure likely required for clean transition. Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (45/100).
🏦
Refinance opportunity
13 live charges · 3 lenders · oldest 39.3y
25/100
too messy
Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.
- · Oldest live charge is 39.3 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Legal-friction score 55/100 (high).
Data confidence
Overall: low (50/100)Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.
Company profile
address, 2 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
13 charges (13/13 with lender, 13/13 with type)
90
Directors & officers
24 officers (5 active, 24 linked, 18 with DOB)
85
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
5 connected companies via shared directors
60
Filing history
156 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
59/100Worth a look
PassWatchWorth a lookStrongExceptional
Mixed signal. Worth opening the full target workup before deciding to pursue.
Business quality
20
Concerning — overdue filings or status flags present.
Acquirability
85
Strong succession / seller-readiness signals.
Risk profile
56
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.
Recent activity
Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (76 events)Click to expand
- 2015-10-16📄gazette-dissolved-voluntarygazette · GAZ2(A)
- 2015-10-16🏁Company dissolved
- 2015-06-26📄gazette-notice-voluntarygazette · GAZ1(A)
- 2015-06-15📄dissolution-application-strike-off-companydissolution · DS01
- 2014-12-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2014-11-10📄annual-return-company-with-made-up-date-no-member-listannual-return · AR01
- 2014-11-10📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2014-01-09📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2013-11-12📄annual-return-company-with-made-up-date-no-member-listannual-return · AR01
- 2013-11-12📍change-registered-office-address-company-with-date-old-addressaddress · AD01
- 2013-10-10📄termination-director-company-with-nameofficers · TM01
- 2013-06-12➖GERRARD, John Henry Atkinson resigneddirector
- 2013-01-21📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2012-11-16📄annual-return-company-with-made-up-date-no-member-listannual-return · AR01
- 2012-11-16📍change-registered-office-address-company-with-date-old-addressaddress · AD01
- 2012-11-15📍move-registers-to-registered-office-companyaddress · AD04
- 2012-01-17📄accounts-with-accounts-type-fullaccounts · AA
- 2011-11-01📄annual-return-company-with-made-up-date-no-member-listannual-return · AR01
- 2011-11-01📍change-registered-office-address-company-with-date-old-addressaddress · AD01
- 2011-11-01📄change-corporate-secretary-company-with-change-dateofficers · CH04
- 2011-11-01📄termination-director-company-with-nameofficers · TM01
- 2011-06-08➖BARRATT, Oliver William resigneddirector
- 2011-02-24📄legacymortgage · MG02s
- 2011-02-24🔓Charge satisfied #10
- 2011-01-12📄accounts-with-accounts-type-fullaccounts · AA
- 2010-11-29📄legacymortgage · MG02s
- 2010-11-29📄legacymortgage · MG02s
- 2010-11-26🔓Charge satisfied #14
- 2010-11-26🔓Charge satisfied #9
- 2010-11-18📄annual-return-company-with-made-up-date-no-member-listannual-return · AR01
- 2010-11-18📄change-corporate-secretary-company-with-change-dateofficers · CH04
- 2010-01-19🔒Charge registered #15Lender: The Scottish Ministers
- 2009-08-27➖RICHES, Anne Clare resigneddirector
- 2009-08-27➖SIMPSON, James Walter Thorburn, Dr resigneddirector
- 2009-08-26➖RUDDOCK, Edward Campbell resigneddirector
- 2008-06-04➕TAIT, Edward Muirhead appointeddirector
- 2008-06-04➕WILKINSON, Norman appointeddirector
- 2008-04-04➕LINDSAYS appointedcorporate-secretary
- 2008-04-04➖REITH, David Stewart resignedsecretary
- 2008-04-04➖REITH, David Stewart resigneddirector
- 2007-03-19🔒Charge registered #14Lender: The Architectural Heritage Fund
- 2007-01-03🔒Charge registered #13Lender: The Scottish Ministers
- 2006-06-30➖TROUGHTON, James Michael resigneddirector
- 2005-04-06➕GUEST, Charles Drysdale Graham appointeddirector
- 2005-04-06➕TROUGHTON, James Michael appointeddirector
- 2004-11-24➖BLAIR, James Hunter resigneddirector
- 2004-06-02➖LANG, William Michael Munro resigneddirector
- 2004-02-03🔓Charge satisfied #7
- 2004-01-19🔒Charge registered #12Lender: The Scottish Ministers
- 2003-11-20➖WALKER, David Morrison resigneddirector
Showing most recent 50 of 76 events
Owner dependency
65/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- -4 active directors: Broader management team in place — suggests transferable governance.
- +Long-tenure founder: Senior director has been in place 21 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 80 — succession pressure is live.
Succession & seller-readiness
90/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 80 years old. Natural succession window is now.
- primary20+ year tenure: Director in role 21 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 40 years old and no new directors in the last 3 years — succession not yet being planned internally.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
1 high · 1 med · 1 lowCompany dissolved
highCompany has been dissolved — it no longer legally exists. Any diligence here is historical only.
Evidence: Dissolved on 2015-10-16
Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
6 live charges
lowHeavily leveraged with multiple live security positions — understand the capital structure before proceeding.
🔒Co-director network graph
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
See pricing →Similar companies
Active · Construction · EH postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| PEGASUS FIRE PROTECTION COMPANY LIMITED→ SC178102 · est 1997 | £12.82M £9.16M–£16.48M | £12.52M | — | 6300 | 28y | 88 | 75y |
| MAXI CONSTRUCTION LIMITED→ SC048718 · est 1971 | £9.09M £6.50M–£11.69M | — | — | 40 | 55y | 88 | 82y |
| THE EDINBURGH SCHOOLS PARTNERSHIP LIMITED→ SC206930 · est 2000 | £8.27M £5.91M–£10.63M | — | — | 0 | 26y | 84 | 65y |
| JOHN G. MACKINTOSH LIMITED→ SC281061 · est 2005 | £6.96M £4.97M–£8.95M | — | — | 241 | 21y | 88 | 66y |
| SERS ENERGY SOLUTIONS (SCOTLAND) LIMITED→ SC392085 · est 2011 | £6.04M £4.31M–£7.76M | — | — | 19 | 15y | 85 | 69y |
| LOCHAY HOMES LIMITED→ SC369988 · est 2009 | £5.04M £3.60M–£6.49M | — | — | 14 | 16y | 83 | 71y |
| COLORADO CONSTRUCTION & ENGINEERING LIMITED→ SC311182 · est 2006 | £3.04M £2.17M–£3.90M | £21.12M | — | 3800 | 19y | 87 | 64y |
| GORDON BOW PLANT HIRE LTD→ SC135116 · est 1991 | £1.57M £1.12M–£2.02M | £9.21M | — | 6200 | 34y | 86 | 68y |
| GEORGE SHARKEY & SONS LIMITED→ SC164725 · est 1996 | £779.7k £556.9k–£1.00M | — | — | 68 | 30y | 84 | 66y |
| OMEGA LIFT SERVICES LIMITED→ SC243098 · est 2003 | £720.0k £514.3k–£925.7k | — | — | 1600 | 23y | 83 | 55y |
| DATS - DESIGN AND TRAINING SOLUTIONS LTD→ SC441708 · est 2013 | £1.5k £1.1k–£1.9k | £81.2k | — | 100 | 13y | 100 | 59y |
| 3 ED SISTERCO LIMITED→ SC328041 · est 2007 · no financials extracted | — | — | — | — | 18y | 83 | 65y |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
9 specific questions generated from this company's actual signals — liquidity, leverage, director age, charge count, red flags, age-of-company.
Available from the Pro tier upwards.
See pricing →🔒Advanced scoring suite
Exit-route ranking, improvement thesis, quiet-distress detector, covenant-pressure proxy, extraction monitor, approaching triggers, ownership drift, local cluster, value trap, debt capacity, archetype classification — 48+ scoring modules.
Available from the Pro tier upwards.
See pricing →Company details
Statusdissolved
Typeprivate-limited-guarant-nsc-limited-exemption
Incorporated1985-12-27
Jurisdictionscotland
Primary SIC41201 — Construction of commercial buildings
Registered office
Caledonian Exchange
19a Canning Street
Edinburgh
EH3 8HE
Filing status
Accounts
Next due: —
Last made up to: 2014-06-30
Confirmation statement
Next due: —
Last: —
Officers (0 active · 19 resigned)
LINDSAYS→
Activecorporate-secretary · appointed 2008-04-04
View their other companies + combined net worth →
GUEST, Charles Drysdale Graham→
Activedirector · ~79y · appointed 2005-04-06
View their other companies + combined net worth →
Active
TAIT, Edward Muirhead→
Activedirector · ~80y · appointed 2008-06-04
View their other companies + combined net worth →
WILKINSON, Norman→
Activedirector · ~79y · appointed 2008-06-04
View their other companies + combined net worth →
CLARE, John Andrew→
Resignedsecretary · resigned 1998-12-31
JONES, Gareth Bryn→
Resignedsecretary · appointed 1999-01-01 · resigned 2000-04-07
REITH, David Stewart→
Resignedsecretary · appointed 2000-10-31 · resigned 2008-04-04
BARRATT, Oliver William→
Resigneddirector · ~85y · resigned 2011-06-08
BLAIR, James Hunter→
Resigneddirector · ~100y · resigned 2004-11-24
DURHAM, Jane Mary Stow→
Resigneddirector · ~102y · resigned 1997-04-01
ELLINGTON, Marc Floyd, Dr→
Resigneddirector · ~81y · resigned 1990-01-01
GERRARD, John Henry Atkinson→
Resigneddirector · ~92y · resigned 2013-06-12
JAUNCEY, Charles Eliot→
Resigneddirector · resigned 1992-10-12
LANG, William Michael Munro→
Resigneddirector · ~89y · resigned 2004-06-02
MAVOR, John Osborne→
Resigneddirector · ~96y · resigned 1990-01-03
PROSSER, William David, Hon Lord→
Resigneddirector · ~92y · resigned 1998-09-30
REITH, David Stewart→
Resigneddirector · ~75y · resigned 2008-04-04
RICHES, Anne Clare→
Resigneddirector · ~83y · appointed 1989-12-01 · resigned 2009-08-27
RUDDOCK, Edward Campbell→
Resigneddirector · ~96y · resigned 2009-08-26
Click a director name to see their full track record across all companies.
Mortgages & charges
13
Total charges
6
Outstanding
2
Active lenders
Status:Lender:13 of 13 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | The Scottish Ministers | Standard security | 1 property | 19/01/2010 | — | |
| satisfied | The Architectural Heritage Fund | Standard security | 1 property | 19/03/2007 | 26/11/2010 | |
| outstanding | The Scottish Ministers | Standard security | 1 property | 03/01/2007 | — | |
| outstanding | The Scottish Ministers | Standard security | 4 properties | 19/01/2004 | — | |
| outstanding | The Scottish Ministers | Standard security | 1 property | 21/10/2003 | — | |
| satisfied | The Architectural Heritage Fund | Standard security | 1 property | 03/10/2003 | 24/02/2011 | |
| satisfied | The Architectural Heritage Fund | Standard security | 1 property | 23/05/2003 | 26/11/2010 | |
| outstanding | The Scottish Ministers | Standard security | 1 property | 03/04/2001 | — | |
| satisfied | The Architectural Heritage Fund | Standard security | 1 property | 08/10/1992 | 03/02/2004 | |
| satisfied | The Architectural Heritage Fund | Standard security | 1 property | 10/12/1991 | 29/06/2001 | |
| outstanding | The Architectural Heritage Fund | Standard security | 1 property | 13/12/1990 | — | |
| satisfied | The Architectural Heritage Fund | Standard security | 2 properties | 14/03/1988 | 06/09/1991 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Bond & floating charge | 1 property | 11/02/1987 | 29/05/2003 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (156 total)
gazette-dissolved-voluntary
gazette · GAZ2(A)
2015-10-16
gazette-notice-voluntary
gazette · GAZ1(A)
2015-06-26
dissolution-application-strike-off-company
dissolution · DS01
2015-06-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2014-12-31
annual-return-company-with-made-up-date-no-member-list
annual-return · AR01
2014-11-10
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2014-11-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2014-01-09
annual-return-company-with-made-up-date-no-member-list
annual-return · AR01
2013-11-12
change-registered-office-address-company-with-date-old-address
address · AD01
2013-11-12
termination-director-company-with-name
officers · TM01
2013-10-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2013-01-21
annual-return-company-with-made-up-date-no-member-list
annual-return · AR01
2012-11-16
change-registered-office-address-company-with-date-old-address
address · AD01
2012-11-16
move-registers-to-registered-office-company
address · AD04
2012-11-15
accounts-with-accounts-type-full
accounts · AA
2012-01-17