SCOTTISH GROUP TRAINING ASSOCIATION (ENGINEERING)
⚰️Wound downliquidation
SC136120 · private-limited-guarant-nsc-limited-exemption · incorporated 1992-01-21
Investment thesis
Company liquidation — 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
44/100
Watch
What this business does
Primary activity: SIC 7487
Sector: Professional, scientific & technical
Investor take
Pass (distressed without resilience)Distressed unclear — structural issues outweigh the discount.
Opportunity 44/100 (watch), bankability 20/100. 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: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: distressed disposal / insolvency (65/100). Current lenders should be on immediate intervention.
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
Confirmed no charges registered
85
Directors & officers
35 officers (10 active, 35 linked, 29 with DOB)
87
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
9 connected companies via shared directors
72
Filing history
79 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
44/100Watch
PassWatchWorth a lookStrongExceptional
Not actionable now, but monitor — distressed, succession, or structural changes could flip this into a real opportunity.
Business quality
0
Concerning — overdue filings or status flags present.
Acquirability
85
Strong succession / seller-readiness signals.
Risk profile
31
Multiple red flags — proceed with caution.
Signal strength
90
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 (86 events)Click to expand
- 2005-04-22📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2005-04-22📄legacyaccounts · 225
- 2005-04-04📄resolutionresolution · RESOLUTIONS
- 2005-03-14📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2005-01-27📄legacyannual-return · 363s
- 2004-11-15📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2004-02-05📄legacyannual-return · 363s
- 2004-02-05📄legacyofficers · 288b
- 2004-01-29📄legacyofficers · 288a
- 2004-01-27➕RINGROSE, Pamela appointedsecretary
- 2004-01-27➕RINGROSE, Pamela appointeddirector
- 2003-12-31➖MACDONALD, Alfred Gregor resignedsecretary
- 2003-12-31➖MACDONALD, Alfred Gregor resigneddirector
- 2003-09-25📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2003-01-22📄legacyannual-return · 363s
- 2003-01-22📄legacyofficers · 288a
- 2002-12-31📄legacyofficers · 288b
- 2002-12-12➕MCKINNON, Hugh Allan Mcilwraith appointeddirector
- 2002-12-12➖LOGAN, Hugh John resigneddirector
- 2002-09-19📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2002-05-16📄legacyofficers · 288b
- 2002-05-14➖SHIELDS, William Edgar resigneddirector
- 2002-02-01📄legacyannual-return · 363s
- 2002-01-18📄legacyofficers · 288b
- 2001-10-30📄legacyofficers · 288b
- 2001-10-30📄legacyofficers · 288b
- 2001-10-30📄legacyofficers · 288b
- 2001-10-30📄legacyofficers · 288b
- 2001-10-30📄legacyofficers · 288b
- 2001-10-30📄legacyofficers · 288a
- 2001-10-24➕MACDONALD, Alfred Gregor appointedsecretary
- 2001-10-24➖THOMSON, Arthur Alexander resignedsecretary
- 2001-10-24➖GRISENTHWAITE, David Allan resigneddirector
- 2001-10-24➖HARRISON, Joseph resigneddirector
- 2001-10-24➕MACDONALD, Alfred Gregor appointeddirector
- 2001-10-24➖SIM, Alan William Paterson resigneddirector
- 2001-10-24➖WALKER, Samuel Wylie resigneddirector
- 2001-10-16📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2001-03-06📄legacyannual-return · 363s
- 2001-01-31➖CARRUTHERS, John resigneddirector
- 2000-05-10➕WAUGH, Robert Stuart appointeddirector
- 2000-05-10➕THOMSON, Arthur Alexander appointedsecretary
- 2000-05-09➖WALKER, Samuel Wylie resignedsecretary
- 1999-05-20➕ALLAN, Andrew Fraser appointeddirector
- 1998-01-28➖LISTER, Thomas resigneddirector
- 1998-01-28➕LOGAN, Hugh John appointeddirector
- 1997-01-01➕MCCRINDLE, William Rae appointeddirector
- 1997-01-01➕THOMSON, Arthur Alexander appointeddirector
- 1997-01-01➕SIM, Alan William Paterson appointeddirector
- 1996-12-31➖CHRISTIE, Angus Stewart resigneddirector
Showing most recent 50 of 86 events
Owner dependency
73/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- -9 active directors: Broader management team in place — suggests transferable governance.
- +Long-tenure founder: Senior director has been in place 34 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 93 — succession pressure is live.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
85/100
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 93 years old. Natural succession window is now.
- primary20+ year tenure: Director in role 34 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 34 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
3 high ·Accounts overdue
highStatutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.
Evidence: Next due: 2007-01-08
Confirmation statement overdue
highAnnual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.
Evidence: Next due: 2017-02-04
Company in liquidation
highCompany is actively being wound up. Not a going concern.
🔒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 · Professional services · G postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| MCGHEE GROUP LIMITED→ SC362390 · est 2009 | £20.62M £15.19M–£26.04M | — | — | — | 16y | 87 | 67y |
| I3WORKS LTD→ SC477423 · est 2014 | £16.71M £12.31M–£21.11M | £38.15M | — | 14200 | 12y | 92 | 61y |
| 24/26 HOLDINGS LTD→ SC470528 · est 2014 | £4.81M £3.54M–£6.07M | — | — | 26 | 12y | 85 | 67y |
| INTERLOCK INVESTMENTS LIMITED→ SC057982 · est 1975 | £3.26M £2.40M–£4.11M | — | — | 20 | 50y | 84 | 72y |
| SKYVISION INTERNATIONAL LIMITED→ SC153156 · est 1994 | £837.2k £616.9k–£1.06M | £680.4k | — | 100 | 31y | 88 | 65y |
| ACCU-TECH SYSTEMS LIMITED→ SC223891 · est 2001 | £22.3k £16.4k–£28.2k | £413.2k | — | 300 | 24y | 85 | 58y |
| 'A' FLIGHT AVIATION LIMITED→ SC157855 · est 1995 | — | — | £6.9k | — | 31y | 83 | 72y |
| ADVANCED ASSET CONSULTANTS LIMITED→ SC362302 · est 2009 | — | — | — | 13 | 16y | 83 | 63y |
| AKELA PLANT HIRE LTD→ SC313584 · est 2006 | — | — | £1.69M | — | 19y | 83 | 58y |
| ANDERSON KNIGHT LIMITED→ SC214850 · est 2001 | — | — | — | 2300 | 25y | 83 | 63y |
| ASSISTING SUCCESS LIMITED→ SC294900 · est 2005 | — | — | £29.2k | — | 20y | 83 | 62y |
| BIO-IMAGES DRUG DELIVERY LTD→ SC383233 · est 2010 | — | — | — | 0 | 15y | 83 | 82y |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
12 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
Statusliquidation
Typeprivate-limited-guarant-nsc-limited-exemption
Incorporated1992-01-21
Jurisdictionscotland
Primary SIC7487 — SIC 7487
Registered office
Savoy Tower
77 Renfrew Street
Glasgow
G2 3BZ
Filing status
Accounts
Next due: 2007-01-08OVERDUE
Last made up to: 2005-03-08
Confirmation statement
Next due: 2017-02-04OVERDUE
Last: —
Officers (10 active · 25 resigned)
Active
ALLAN, Andrew Fraser→
Activedirector · ~54y · appointed 1999-05-20
View their other companies + combined net worth →
BRAIDWOOD, John Cameron→
Activedirector · ~93y · appointed 1992-01-21
View their other companies + combined net worth →
MCCRINDLE, William Rae→
Activedirector · ~87y · appointed 1997-01-01
View their other companies + combined net worth →
MCKINNON, Hugh Allan Mcilwraith→
Activedirector · ~78y · appointed 2002-12-12
View their other companies + combined net worth →
RENTON, John Johnston→
Activedirector · ~91y · appointed 1992-01-21
View their other companies + combined net worth →
RINGROSE, Pamela→
Activedirector · ~75y · appointed 2004-01-27
View their other companies + combined net worth →
THOMSON, Arthur Alexander→
Activedirector · ~83y · appointed 1997-01-01
View their other companies + combined net worth →
THOMSON, James Anderson→
Activedirector · ~84y · appointed 1992-01-21
View their other companies + combined net worth →
WAUGH, Robert Stuart→
Activedirector · ~77y · appointed 2000-05-10
View their other companies + combined net worth →
MACDONALD, Alfred Gregor→
Resignedsecretary · appointed 2001-10-24 · resigned 2003-12-31
THOMSON, Arthur Alexander→
Resignedsecretary · appointed 2000-05-10 · resigned 2001-10-24
WALKER, Samuel Wylie→
Resignedsecretary · appointed 1992-01-21 · resigned 2000-05-09
OSWALDS OF EDINBURGH LIMITED→
Resignedcorporate-nominee-secretary · appointed 1992-01-21 · resigned 1992-02-21
BROWN, Alexander→
Resigneddirector · ~84y · appointed 1992-01-21 · resigned 1996-08-31
BURNS, William Shaw→
Resigneddirector · ~100y · appointed 1992-01-21 · resigned 1994-01-21
CARRUTHERS, John→
Resigneddirector · ~88y · appointed 1992-01-21 · resigned 2001-01-31
CHRISTIE, Angus Stewart→
Resigneddirector · ~83y · appointed 1994-01-24 · resigned 1996-12-31
EASSON, John→
Resigneddirector · ~75y · appointed 1992-01-21 · resigned 1994-01-21
EASSON, Robert William Collins→
Resigneddirector · ~94y · appointed 1992-01-21 · resigned 1994-01-21
Click a director name to see their full track record across all companies.
Recent filings (79 total)
accounts-with-accounts-type-total-exemption-full
accounts · AA
2005-04-22
legacy
accounts · 225
2005-04-22
resolution
resolution · RESOLUTIONS
2005-04-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2005-03-14
legacy
annual-return · 363s
2005-01-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2004-11-15
legacy
annual-return · 363s
2004-02-05
legacy
officers · 288b
2004-02-05
legacy
officers · 288a
2004-01-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2003-09-25
legacy
annual-return · 363s
2003-01-22
legacy
officers · 288a
2003-01-22
legacy
officers · 288b
2002-12-31
accounts-with-accounts-type-total-exemption-full
accounts · AA
2002-09-19
legacy
officers · 288b
2002-05-16