STIRLING MARINE LIMITED
⚰️Wound downdissolved
SC108613 · ltd · incorporated 1988-01-11
Investment thesis
Company dissolved — not a live target.
Why interesting: Historical record only; useful for precedent research.
Why risky: Not transactable.
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
50/100
Worth a look
What this business does
Primary activity: SIC 6110
Sector: Information & communication
Investor take
Pass (distressed without resilience)Distressed unclear — structural issues outweigh the discount.
Opportunity 50/100 (worth a look), bankability 52/100. Strong seller-intent signal (88/100, director aged 68). Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: Consolidate lender relationships. 7 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: asset disposal / carve-out (45/100). Current lenders should be on monthly review.
🏦
Refinance opportunity
32 live charges · 7 lenders · oldest 34.1y
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 34.1 years old — likely at or near maturity.
- · 7 lenders named — inter-creditor friction likely.
- · Legal-friction score 65/100 (specialist).
Data confidence
Overall: low (49/100)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
32 charges (32/32 with lender, 32/32 with type)
90
Directors & officers
17 officers (3 active, 17 linked, 13 with DOB)
85
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
4 connected companies via shared directors
57
Filing history
164 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
50/100Worth a look
PassWatchWorth a lookStrongExceptional
Mixed signal. Worth opening the full target workup before deciding to pursue.
Business quality
10
Concerning — overdue filings or status flags present.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
41
Multiple red flags — proceed with caution.
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 (122 events)Click to expand
- 2015-10-02⚠️gazette-dissolved-liquidationgazette · GAZ2
- 2015-10-02🏁Company dissolved
- 2015-07-02⚠️liquidation-voluntary-return-of-final-meeting-scotlandinsolvency · 4.26(Scot)
- 2012-07-17📄termination-director-company-with-nameofficers · TM01
- 2012-07-09➖RYAN, Richard James resigneddirector
- 2011-02-07📄resolutionresolution · RESOLUTIONS
- 2011-01-17📄legacymortgage · MG02s
- 2011-01-17📄legacymortgage · MG02s
- 2011-01-17📄legacymortgage · MG02s
- 2011-01-17📄legacymortgage · MG02s
- 2011-01-17📄legacymortgage · MG02s
- 2011-01-17📄legacymortgage · MG02s
- 2011-01-17📄legacymortgage · MG02s
- 2011-01-17📄legacymortgage · MG02s
- 2011-01-17📄legacymortgage · MG02s
- 2011-01-17📄legacymortgage · MG02s
- 2011-01-17📄legacymortgage · MG02s
- 2011-01-17📄legacymortgage · MG02s
- 2011-01-15🔓Charge satisfied #40
- 2011-01-15🔓Charge satisfied #38
- 2011-01-15🔓Charge satisfied #35
- 2011-01-15🔓Charge satisfied #34
- 2011-01-15🔓Charge satisfied #33
- 2011-01-15🔓Charge satisfied #32
- 2011-01-15🔓Charge satisfied #30
- 2011-01-15🔓Charge satisfied #29
- 2011-01-15🔓Charge satisfied #19
- 2011-01-15🔓Charge satisfied #18
- 2011-01-15🔓Charge satisfied #17
- 2011-01-15🔓Charge satisfied #16
- 2010-10-01📄accounts-with-accounts-type-fullaccounts · AA
- 2010-07-02📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2009-11-05📄accounts-with-accounts-type-fullaccounts · AA
- 2009-06-24📄legacyannual-return · 363a
- 2009-01-14📄accounts-with-accounts-type-fullaccounts · AA
- 2008-06-25📄legacyannual-return · 363a
- 2007-10-24📄accounts-with-accounts-type-fullaccounts · AA
- 2007-06-29📄legacyannual-return · 363s
- 2007-02-14📄accounts-with-accounts-type-fullaccounts · AA
- 2005-10-01➕CAMBURN, Clyde Martin appointeddirector
- 2004-04-21➖LENTHALL, Rodney Desmonde Morgan resigneddirector
- 2002-10-08🔓Charge satisfied #37
- 2002-10-08🔓Charge satisfied #36
- 2002-09-30➖BAIRD, David George resigneddirector
- 2002-09-06🔓Charge satisfied #26
- 2002-09-06🔓Charge satisfied #25
- 2002-08-15➕ALAIS, Steven Morton appointedsecretary
- 2002-08-15➖BAIRD, David George resignedsecretary
- 2002-05-31➖COWDEROY, James Anthony Frank resigneddirector
- 2001-05-04➕GELLERT, John Matthew appointeddirector
Showing most recent 50 of 122 events
Owner dependency
83/100
Critical — business is the founderThe business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
FACTORS
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Long-tenure founder: Senior director has been in place 25 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 68 — succession pressure is live.
Succession & seller-readiness
86/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 63+: Senior director is approximately 68. Approaching typical UK retirement age — succession thinking likely.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- primary20+ year tenure: Director in role 25 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 38 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
2 high · 1 med ·Company dissolved
highCompany has been dissolved — it no longer legally exists. Any diligence here is historical only.
Evidence: Dissolved on 2015-10-02
2 insolvency-related filings on record
highFilings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2015-10-02: gazette-dissolved-liquidation; 2015-07-02: liquidation-voluntary-return-of-final-meeting-scotland
Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
🔒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
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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
10 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
Typeltd
Incorporated1988-01-11
Jurisdictionscotland
Primary SIC6110 — SIC 6110
Registered office
C/O Stirling & Gilmour
Pavilion Court
45 Kilbowie Road, Clydebank
Dunbartonshire
G81 1BL
Filing status
Accounts
Next due: —
Last made up to: 2009-12-31
Confirmation statement
Next due: —
Last: —
Officers (0 active · 14 resigned)
ALAIS, Steven Morton→
Activesecretary · appointed 2002-08-15
View their other companies + combined net worth →
CAMBURN, Clyde Martin→
Activedirector · ~68y · appointed 2005-10-01
View their other companies + combined net worth →
GELLERT, John Matthew→
Activedirector · ~56y · appointed 2001-05-04
View their other companies + combined net worth →
BAIRD, David George→
Resignedsecretary · appointed 1990-03-30 · resigned 2002-08-15
MD SECRETARIES LIMITED→
Resignedcorporate-nominee-secretary · appointed 1988-01-11 · resigned 1990-03-30
BAIRD, David George→
Resigneddirector · ~73y · appointed 1996-01-05 · resigned 2002-09-30
BENSON, David Gillies→
Resigneddirector · ~82y · appointed 1988-02-18 · resigned 1988-08-17
BURROWS, Ian Edwin→
Resigneddirector · ~92y · appointed 1988-02-18 · resigned 1989-06-24
CADENHEAD, Kenneth Caldwell→
Resigneddirector · ~84y · appointed 1992-03-16 · resigned 1998-12-31
CADENHEAD, Kenneth Caldwell→
Resigneddirector · ~84y · appointed 1988-02-18 · resigned 1989-06-24
COWDEROY, James Anthony Frank→
Resigneddirector · ~66y · appointed 1994-12-21 · resigned 2002-05-31
HARRISON, Iain Victor Robinson→
Resigneddirector · ~97y · appointed 1990-03-30 · resigned 1996-01-05
LENTHALL, Rodney Desmonde Morgan→
Resigneddirector · ~81y · appointed 2001-05-04 · resigned 2004-04-21
RYAN, Richard James→
Resigneddirector · ~72y · appointed 2001-05-04 · resigned 2012-07-09
WILSON, Andrew George→
Resigneddirector · ~93y · appointed 1988-02-18 · resigned 1989-06-24
WORDIE, Peter Jeffrey→
Resigneddirector · ~94y · appointed 1990-03-30 · resigned 1993-10-11
MD SECRETARIES LIMITED→
Resignedcorporate-nominee-director · appointed 1988-01-11 · resigned 1990-03-30
Click a director name to see their full track record across all companies.
Mortgages & charges
32
Total charges
0
Outstanding
0
Active lenders
Status:Lender:32 of 32 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Deed of covenant | 1 property | 10/07/1998 | 15/01/2011 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Deed of covenant | 1 property | 09/07/1998 | 15/01/2011 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Second priority statutory ship mortgage | 1 property | 09/07/1998 | 08/10/2002 | |
| satisfied | The Secretary of State for Trade and Industry | First priority statutory ship mortgage | 1 property | 09/07/1998 | 08/10/2002 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Performance guarantee assignation | 1 property | 22/08/1997 | 15/01/2011 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Assignation in security | 1 property | 22/08/1997 | 15/01/2011 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Delivery order | 1 property | 22/08/1997 | 15/01/2011 | |
| satisfied | The Secretary of State for Trade and Industry | Shipowners form | 1 property | 22/08/1997 | 15/01/2011 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Deed of covenant | 1 property | 26/08/1996 | 15/01/2011 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Deed of covenant | 1 property | 23/08/1996 | 15/01/2011 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Second priority statutory mortgage | 1 property | 23/08/1996 | 06/09/2002 | |
| satisfied | The Secretary of State for Trade and Industry | First priority statutory ship mortgage | 1 property | 23/08/1996 | 06/09/2002 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland for Itself and Others | Mortgage | 1 property | 09/01/1996 | 09/02/1998 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland for Itself and as Agent and Trustee for Others | Deed of covenant | 1 property | 09/01/1996 | 09/02/1998 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland for Itself and as Agent and Trustee for Others | Assignment | 1 property | 09/01/1996 | 09/02/1998 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland for Itself and as Agent and Trustee for Others | Bond & floating charge | 1 property | 08/01/1996 | 09/02/1998 | |
| satisfied | 3I Group 3I Group PLC | Bond & floating charge | 1 property | 08/01/1996 | 09/12/1997 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Performance guarantee assignation | 1 property | 15/12/1995 | 15/01/2011 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Contract assignation | 1 property | 15/12/1995 | 15/01/2011 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Delivery order | 1 property | 15/12/1995 | 15/01/2011 | |
| satisfied | The Secretary of State for Trade and Industry | Shipowners form | 1 property | 15/12/1995 | 15/01/2011 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Deed of covenant | 1 property | 21/11/1994 | 09/02/1998 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Four party agreement | 1 property | 21/11/1994 | 09/02/1998 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Mortgage | 1 property | 21/11/1994 | 09/02/1998 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Floating charge | 1 property | 21/11/1994 | 09/02/1998 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Hong kong ship mortgage | 1 property | 08/10/1993 | 19/12/1994 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Deed of covenant | 1 property | 08/10/1993 | 19/12/1994 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Floating charge | 1 property | 08/10/1993 | 16/11/1995 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland and Hambros Bank Limited | Dedd of covenant | 1 property | 01/05/1992 | 09/02/1998 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Ship mortgage | 1 property | 01/05/1992 | 09/02/1998 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Deed of covenant | 1 property | 01/05/1992 | 19/12/1994 | |
| satisfied | The Governor and Company of the Bank of Scotlandand Hambros Bank The Governor and Company of the Bank of Scotlandand Hambros Bank Limited | Hong kong statutory ship mortgage | 1 property | 01/05/1992 | 19/12/1994 |
Recent filings (164 total)
gazette-dissolved-liquidation
gazette · GAZ2
2015-10-02
liquidation-voluntary-return-of-final-meeting-scotland
insolvency · 4.26(Scot)
2015-07-02
termination-director-company-with-name
officers · TM01
2012-07-17
resolution
resolution · RESOLUTIONS
2011-02-07
legacy
mortgage · MG02s
2011-01-17
legacy
mortgage · MG02s
2011-01-17
legacy
mortgage · MG02s
2011-01-17
legacy
mortgage · MG02s
2011-01-17
legacy
mortgage · MG02s
2011-01-17
legacy
mortgage · MG02s
2011-01-17
legacy
mortgage · MG02s
2011-01-17
legacy
mortgage · MG02s
2011-01-17
legacy
mortgage · MG02s
2011-01-17
legacy
mortgage · MG02s
2011-01-17
legacy
mortgage · MG02s
2011-01-17