PAPINGO (HOLDINGS) LIMITED

⚰️Wound downdissolved
SC102946 · ltd · incorporated 1987-01-29
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.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 36.9y old — refinance window within 12 months
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
64/100
Worth a look
🔔
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What this business does
Primary activity: SIC 7415
Sector: Professional, scientific & technical
Investor take
Pass (distressed without resilience)
Distressed unclear — structural issues outweigh the discount.

Opportunity 64/100 (worth a look), bankability 80/100. Strong seller-intent signal (78/100, director aged 71). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: Company dissolved. Company has been dissolved — it no longer legally exists. Any diligence here is historical only. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

1 live charge · oldest 36.9y

85/100
ready

Refinance conversation should be productive — structure clean and timing right.

  • · Oldest live charge is 36.9 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 15/100 — clean.

Data confidence

Overall: low (51/100)

Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.

Company profile
address, 1 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
7 officers (1 active, 7 linked, 5 with DOB)
84
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
10 connected companies via shared directors
75
Filing history
81 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
64/100Worth a look
PassWatchWorth a lookStrongExceptional 

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality
30
Concerning — overdue filings or status flags present.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
67
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 (39 events)Click to expand
  1. 2014-02-13
    📄
    bona-vacantia-company
    restoration · BONA
  2. 2012-08-24
    📄
    gazette-dissolved-compulsory
    gazette · GAZ2
  3. 2012-08-24
    🏁
    Company dissolved
  4. 2012-05-04
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  5. 2011-04-18
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  6. 2011-01-31
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  7. 2010-11-08
    📄
    legacy
    mortgage · MG03s
  8. 2010-11-06
    🔓
    Charge satisfied #1
  9. 2010-05-06
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  10. 2010-01-31
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  11. 2009-04-14
    📄
    legacy
    annual-return · 363a
  12. 2009-02-28
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  13. 2009-01-12
    📄
    legacy
    annual-return · 363a
  14. 2009-01-12
    📍
    legacy
    address · 353
  15. 2009-01-09
    📍
    legacy
    address · 190
  16. 2009-01-09
    📍
    legacy
    address · 287
  17. 2009-01-09
    📄
    legacy
    officers · 288b
  18. 2008-05-30
    📍
    legacy
    address · 287
  19. 2008-03-05
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  20. 2008-03-01
    ➖
    FERGUSON DEWAR LLP resigned
    corporate-secretary
  21. 2007-05-14
    📄
    legacy
    annual-return · 363s
  22. 2007-03-01
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  23. 2006-04-11
    📄
    legacy
    annual-return · 363s
  24. 2006-02-28
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  25. 2005-04-27
    📄
    legacy
    annual-return · 363s
  26. 2005-03-01
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  27. 2004-03-31
    📄
    legacy
    annual-return · 363s
  28. 2004-03-31
    📄
    legacy
    annual-return · 363(288)
  29. 1997-04-14
    ➖
    FERGUSON, Margaret Anne resigned
    secretary
  30. 1997-04-14
    ➕
    FERGUSON DEWAR LLP appointed
    corporate-secretary
  31. 1997-04-14
    ➖
    CONNOR, Bernadette resigned
    director
  32. 1997-04-14
    ➖
    FERGUSON, Henry Taylor resigned
    director
  33. 1997-04-14
    ➖
    FERGUSON, Margaret Anne resigned
    director
  34. 1997-04-14
    ➖
    HOWARD, Margaret resigned
    director
  35. 1989-07-24
    🔒
    Charge registered #1
    Lender: The Governor and Company of the Bank of Scotland
  36. 1989-02-22
    ➕
    TOMKINS, Alan Cyril appointed
    director
  37. 1989-02-22
    ➕
    CONNOR, Bernadette appointed
    director
  38. 1989-02-22
    ➕
    HOWARD, Margaret appointed
    director
  39. 1987-01-29
    🏢
    Company incorporated
    As PAPINGO (HOLDINGS) LIMITED

Owner dependency

100/100
Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +Long-tenure founder: Senior director has been in place 37 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 71 — succession pressure is live.

Succession & seller-readiness

100/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 71 years old. Natural succession window is now.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • primary20+ year tenure: Director in role 37 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 39 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 ·
Company dissolved
high

Company has been dissolved — it no longer legally exists. Any diligence here is historical only.

Evidence: Dissolved on 2012-08-24

🔒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 →

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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.

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Company details

Statusdissolved
Typeltd
Incorporated1987-01-29
Jurisdictionscotland
Primary SIC7415 — SIC 7415

Registered office

C/O Wineorama 2nd Floor Right
79 West Regent Street
Glasgow
G2 2AW
United Kingdom

Filing status

Accounts
Next due: —
Last made up to: 2010-04-30
Confirmation statement
Next due: —
Last: —

Officers (0 active · 6 resigned)

TOMKINS, Alan Cyril→
director · ~71y · appointed 1989-02-22
View their other companies + combined net worth →
Active
FERGUSON, Margaret Anne→
secretary · resigned 1997-04-14
Resigned
FERGUSON DEWAR LLP→
corporate-secretary · appointed 1997-04-14 · resigned 2008-03-01
Resigned
CONNOR, Bernadette→
director · ~79y · appointed 1989-02-22 · resigned 1997-04-14
Resigned
FERGUSON, Henry Taylor→
director · ~81y · resigned 1997-04-14
Resigned
FERGUSON, Margaret Anne→
director · ~75y · resigned 1997-04-14
Resigned
HOWARD, Margaret→
director · ~73y · appointed 1989-02-22 · resigned 1997-04-14
Resigned

Click a director name to see their full track record across all companies.

Mortgages & charges

1
Total charges
0
Outstanding
0
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Bond & floating charge1 property24/07/198906/11/2010

Recent filings (81 total)

bona-vacantia-company
restoration · BONA
2014-02-13
gazette-dissolved-compulsory
gazette · GAZ2
2012-08-24
gazette-notice-compulsory
gazette · GAZ1
2012-05-04
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2011-04-18
accounts-with-accounts-type-total-exemption-small
accounts · AA
2011-01-31
legacy
mortgage · MG03s
2010-11-08
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2010-05-06
accounts-with-accounts-type-total-exemption-small
accounts · AA
2010-01-31
legacy
annual-return · 363a
2009-04-14
accounts-with-accounts-type-total-exemption-small
accounts · AA
2009-02-28
legacy
annual-return · 363a
2009-01-12
legacy
address · 353
2009-01-12
legacy
address · 190
2009-01-09
legacy
address · 287
2009-01-09
legacy
officers · 288b
2009-01-09