PAPINGO LIMITED
⚰️Wound downdissolved
SC115109 · ltd · incorporated 1988-12-13
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
53/100
Worth a look
What this business does
Primary activity: SIC 5530
Sector: Accommodation & food service
Investor take
Pass (distressed without resilience)Distressed unclear — structural issues outweigh the discount.
Opportunity 53/100 (worth a look), bankability 50/100. Strong seller-intent signal (78/100, director aged 71). Asset purchase likely safer than share purchase given structural signals. 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 (58/100). Current lenders should be on monthly review.
🏦
Refinance opportunity
3 live charges · 2 lenders · oldest 36.9y
40/100
too messy
Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.
- · Oldest live charge is 36.9 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Legal-friction score 45/100 (high).
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
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
9 officers (1 active, 9 linked, 6 with DOB)
83
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
10 connected companies via shared directors
75
Filing history
75 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
53/100Worth 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
49
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 (48 events)Click to expand
- 2012-11-20⚠️gazette-dissolved-liquidationgazette · GAZ2
- 2012-11-20🏁Company dissolved
- 2012-08-20⚠️liquidation-court-order-early-dissolutioninsolvency · O/C EARLY DISS
- 2012-07-16📍change-registered-office-address-company-with-date-old-addressaddress · AD01
- 2011-09-08📍change-registered-office-address-company-with-date-old-addressaddress · AD01
- 2011-09-07⚠️liquidation-compulsory-notice-winding-up-scotlandinsolvency · CO4.2(Scot)
- 2011-09-07⚠️liquidation-compulsory-winding-up-order-scotlandinsolvency · 4.2(Scot)
- 2011-06-01📄dissolved-compulsory-strike-off-suspendeddissolution · DISS16(SOAS)
- 2011-04-15📄gazette-notice-compulsorygazette · GAZ1
- 2010-01-31📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2009-12-16📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2009-03-03📄legacyannual-return · 363a
- 2009-03-03📄legacyofficers · 288b
- 2009-02-28📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2008-11-30➖FERGUSON DEWAR LLP resignedcorporate-secretary
- 2008-05-30➖TOMKINS, Hazel Jane resigneddirector
- 2008-05-30📄legacyofficers · 288b
- 2008-03-05📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2008-01-07📄legacyannual-return · 363a
- 2007-03-01📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2007-01-26📄legacyannual-return · 363s
- 2006-02-28📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2005-12-15📄legacyannual-return · 363s
- 2005-12-15📄legacyannual-return · 363(287)
- 2005-03-01📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2004-12-17📄legacyannual-return · 363s
- 2004-12-17📄legacyannual-return · 363(287)
- 2004-03-01📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2002-02-22🔒Charge registered #3Lender: National Westminster Bank PLC
- 2002-02-22🔓Charge satisfied #1
- 2002-01-30🔒Charge registered #2Lender: National Westminster Bank PLC
- 1998-05-01➕TOMKINS, Hazel Jane appointeddirector
- 1997-04-14➖FERGUSON, Margaret Anne resignedsecretary
- 1997-04-14➕FERGUSON DEWAR LLP appointedcorporate-secretary
- 1997-04-14➖FERGUSON, Henry Taylor resigneddirector
- 1997-04-14➖FERGUSON, Margaret Anne resigneddirector
- 1991-12-13➖FLINT, David resignednominee-secretary
- 1991-12-13➖DICKSON, Ian resignednominee-director
- 1991-12-13➖FLINT, David resignednominee-director
- 1989-07-24🔒Charge registered #1Lender: The Governor and Company of the Bank of Scotland
- 1989-02-01➕TOMKINS, Alan Cyril appointeddirector
- 1989-02-01➕FERGUSON, Margaret Anne appointedsecretary
- 1989-02-01➕FERGUSON, Henry Taylor appointeddirector
- 1989-02-01➕FERGUSON, Margaret Anne appointeddirector
- 1988-12-13🏢Company incorporatedAs PAPINGO LIMITED
- 1988-12-13➕FLINT, David appointednominee-secretary
- 1988-12-13➕DICKSON, Ian appointednominee-director
- 1988-12-13➕FLINT, David appointednominee-director
Owner dependency
100/100
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
- +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 candidateStrong 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 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 ·Company dissolved
highCompany has been dissolved — it no longer legally exists. Any diligence here is historical only.
Evidence: Dissolved on 2012-11-20
4 insolvency-related filings on record
highFilings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2012-11-20: gazette-dissolved-liquidation; 2012-08-20: liquidation-court-order-early-dissolution
🔒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 · Hospitality · G postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| CAFE ANDALUZ RESTAURANTS LIMITED→ SC390599 · est 2010 | £8.71M £6.53M–£10.88M | — | — | 298 | 15y | 87 | 67y |
| ENOTECA SCOTLAND LIMITED→ SC327283 · est 2007 | £8.47M £6.35M–£10.59M | — | — | 213 | 18y | 83 | 67y |
| AN CLACHAN CAFE LIMITED→ SC313545 · est 2006 | — | — | £45.0k | — | 19y | 83 | 59y |
| CRAIGENDMUIR LIMITED→ SC258280 · est 2003 | — | — | £1.34M | — | 22y | 83 | 60y |
| D'ARCY'S (GLASGOW) LIMITED→ SC264250 · est 2004 · no financials extracted | — | — | — | — | 22y | 83 | 64y |
| DANNY'S SNACKS LIMITED→ SC338593 · est 2008 · no financials extracted | — | — | — | — | 18y | 83 | 65y |
| DIXON ARMS (GLENROTHES) LIMITED→ SC325347 · est 2007 · no financials extracted | — | — | — | — | 19y | 83 | 64y |
| JOHN MACLAREN AND SONS LIMITED→ SC291419 · est 2005 | — | — | £6.6k | — | 20y | 83 | 72y |
| KINGSRIDGE CLEDDANS ECONOMIC DEVELOPMENT GROUP→ SC133036 · est 1991 · no financials extracted | — | — | — | — | 34y | 83 | 87y |
| LA LANTERNA GLASGOW LTD→ SC274833 · est 2004 | — | — | — | 32 | 21y | 83 | 60y |
| LATHONES CARAVAN COMPANY LIMITED→ SC078119 · est 1982 | — | — | — | 0 | 44y | 83 | 68y |
| MATTHEW'S FOODS (SCOTLAND) LIMITED→ SC210734 · est 2000 | — | — | £1.81M | — | 25y | 83 | 59y |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
11 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
Incorporated1988-12-13
Jurisdictionscotland
Primary SIC5530 — SIC 5530
Registered office
135 Buchanan Street
Glasgow
G1 2JA
Filing status
Accounts
Next due: —
Last made up to: 2009-04-30
Confirmation statement
Next due: —
Last: —
Officers (0 active · 8 resigned)
TOMKINS, Alan Cyril→
Activedirector · ~71y · appointed 1989-02-01
View their other companies + combined net worth →
FERGUSON, Margaret Anne→
Resignedsecretary · appointed 1989-02-01 · resigned 1997-04-14
FLINT, David→
Resignednominee-secretary · appointed 1988-12-13 · resigned 1991-12-13
FERGUSON DEWAR LLP→
Resignedcorporate-secretary · appointed 1997-04-14 · resigned 2008-11-30
DICKSON, Ian→
Resignednominee-director · ~76y · appointed 1988-12-13 · resigned 1991-12-13
FERGUSON, Henry Taylor→
Resigneddirector · ~81y · appointed 1989-02-01 · resigned 1997-04-14
FERGUSON, Margaret Anne→
Resigneddirector · ~75y · appointed 1989-02-01 · resigned 1997-04-14
FLINT, David→
Resignednominee-director · ~71y · appointed 1988-12-13 · resigned 1991-12-13
TOMKINS, Hazel Jane→
Resigneddirector · ~62y · appointed 1998-05-01 · resigned 2008-05-30
Click a director name to see their full track record across all companies.
Mortgages & charges
3
Total charges
2
Outstanding
1
Active lenders
Status:Lender:3 of 3 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | National Westminster Bank National Westminster Bank PLC | Standard security | 1 property | 22/02/2002 | — | |
| outstanding | National Westminster Bank National Westminster Bank PLC | Bond & floating charge | 1 property | 30/01/2002 | — | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Bond & floating charge | 1 property | 24/07/1989 | 22/02/2002 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (75 total)
gazette-dissolved-liquidation
gazette · GAZ2
2012-11-20
liquidation-court-order-early-dissolution
insolvency · O/C EARLY DISS
2012-08-20
change-registered-office-address-company-with-date-old-address
address · AD01
2012-07-16
change-registered-office-address-company-with-date-old-address
address · AD01
2011-09-08
liquidation-compulsory-notice-winding-up-scotland
insolvency · CO4.2(Scot)
2011-09-07
liquidation-compulsory-winding-up-order-scotland
insolvency · 4.2(Scot)
2011-09-07
dissolved-compulsory-strike-off-suspended
dissolution · DISS16(SOAS)
2011-06-01
gazette-notice-compulsory
gazette · GAZ1
2011-04-15
accounts-with-accounts-type-total-exemption-small
accounts · AA
2010-01-31
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2009-12-16
legacy
annual-return · 363a
2009-03-03
legacy
officers · 288b
2009-03-03
accounts-with-accounts-type-total-exemption-small
accounts · AA
2009-02-28
legacy
officers · 288b
2008-05-30
accounts-with-accounts-type-total-exemption-small
accounts · AA
2008-03-05