PUNDS VOE SALMON LIMITED
⚰️Wound downdissolved
SC152004 · ltd · incorporated 1994-07-18
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
63/100
Worth a look
What this business does
Primary activity: SIC 0502
Sector: Mining & quarrying
Investor take
Pass (distressed without resilience)Distressed unclear — structural issues outweigh the discount.
Opportunity 63/100 (worth a look), bankability 72/100. Strong seller-intent signal (75/100, director aged 60). 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 (65/100).
🏦
Refinance opportunity
7 live charges · 3 lenders · oldest 30.3y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 30.3 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Legal-friction score 30/100 — workable, but lender will want more DD.
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
7 charges (7/7 with lender, 7/7 with type)
90
Directors & officers
15 officers (3 active, 15 linked, 10 with DOB)
83
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
10 connected companies via shared directors
75
Filing history
93 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
63/100Worth 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
85
Strong succession / seller-readiness signals.
Risk profile
59
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 (68 events)Click to expand
- 2010-02-19📄gazette-dissolved-voluntarygazette · GAZ2(A)
- 2010-02-19🏁Company dissolved
- 2009-11-05📄accounts-with-accounts-type-dormantaccounts · AA
- 2009-10-30📄gazette-notice-voluntarygazette · GAZ1(A)
- 2009-10-05📄dissolution-application-strike-off-companydissolution · DS01
- 2009-08-20📄legacyofficers · 288b
- 2009-08-18📄legacyofficers · 288b
- 2009-07-31➖HAUGLAND, Eirik Bloch resigneddirector
- 2009-06-16➖GRIEG, Per resigneddirector
- 2009-01-05📄legacyannual-return · 363a
- 2008-10-13📄accounts-with-made-up-dateaccounts · AA
- 2008-01-24📄legacymortgage · 419a(Scot)
- 2008-01-24📄legacymortgage · 419a(Scot)
- 2008-01-24📄legacymortgage · 419a(Scot)
- 2008-01-24🔓Charge satisfied #5
- 2008-01-24🔓Charge satisfied #4
- 2008-01-24🔓Charge satisfied #2
- 2008-01-23📄legacyannual-return · 363a
- 2007-09-05📄legacyofficers · 288a
- 2007-09-05📄legacyofficers · 288a
- 2007-09-05📄legacyofficers · 288a
- 2007-09-05📄legacyofficers · 288b
- 2007-09-05📄legacyofficers · 288b
- 2007-09-05📍legacyaddress · 287
- 2007-07-20➕KVANGARDSNES, Ivar appointeddirector
- 2007-07-20➕GRIEG, Per appointeddirector
- 2007-07-20➕HAUGLAND, Eirik Bloch appointeddirector
- 2007-07-20➖MOGSTER, Frode resigneddirector
- 2007-07-20➖SVENDSEN, Olav resigneddirector
- 2007-07-11📄accounts-with-made-up-dateaccounts · AA
- 2007-01-30📄legacyannual-return · 363a
- 2006-10-27📄accounts-with-accounts-type-fullaccounts · AA
- 2006-01-20📄legacyannual-return · 363a
- 2005-11-22📄legacymortgage · 419a(Scot)
- 2005-11-22📄legacymortgage · 419a(Scot)
- 2005-11-22🔓Charge satisfied #8
- 2005-11-22🔓Charge satisfied #7
- 2005-11-01📄accounts-with-accounts-type-fullaccounts · AA
- 2005-06-01➕STARK, Michael Otto Philipp appointedsecretary
- 2005-06-01➕STARK, Michael Otto Philipp appointeddirector
- 2005-06-01➖SYNNEVAG, Geir resignedsecretary
- 2005-06-01➖SYNNEVAG, Geir resigneddirector
- 2002-06-06🔒Charge registered #8Lender: Biomar Limited
- 2002-05-17🔓Charge satisfied #6
- 2002-05-10🔒Charge registered #7Lender: Biomar Limited
- 2001-04-17➖LASCHINGER, Rudolf Jakob resigneddirector
- 2001-04-17➕MOGSTER, Frode appointeddirector
- 2001-04-17➕SVENDSEN, Olav appointeddirector
- 1999-12-17➕SYNNEVAG, Geir appointedsecretary
- 1999-12-17➖WILLIAMSON, Annette Grace resignedsecretary
Showing most recent 50 of 68 events
Owner dependency
76/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
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 21 years — deep operational knowledge concentrated in one person.
- +Senior director age: Director aged approximately 60 — approaching natural succession window.
Succession & seller-readiness
76/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- secondaryFounder aged 58+: Senior director is approximately 60. Early succession window.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- primary20+ year tenure: Director in role 21 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 32 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 ·Company dissolved
highCompany has been dissolved — it no longer legally exists. Any diligence here is historical only.
Evidence: Dissolved on 2010-02-19
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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|---|---|---|---|---|---|---|---|
| GRAY & ADAMS LIMITED→ SC047482 · est 1970 | £75.13M £58.44M–£91.83M | — | — | 502 | 56y | 87 | 71y |
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| GRAY & ADAMS (DUNFERMLINE) LIMITED→ SC082971 · est 1983 | £17.07M £13.28M–£20.87M | — | — | 106 | 43y | 85 | 71y |
| GRAY & ADAMS (DONCASTER) LIMITED→ SC128013 · est 1990 | £16.62M £12.93M–£20.32M | — | — | 101 | 35y | 87 | 71y |
| INTERWELL LIMITED→ SC391140 · est 2011 | £10.98M £8.54M–£13.42M | £33.44M | — | 7800 | 15y | 91 | 60y |
| EBLAST LIMITED→ SC202165 · est 1999 | £8.03M £6.24M–£9.81M | £11.11M | — | 7400 | 26y | 88 | 57y |
| ROTECH SUBSEA LIMITED→ SC451221 · est 2013 | £6.41M £4.99M–£7.83M | £17.20M | — | 4800 | 13y | 84 | 58y |
| DALES ENGINEERING SERVICES LIMITED→ SC107948 · est 1987 | £6.22M £4.84M–£7.60M | £21.87M | — | 11000 | 38y | 93 | 70y |
| SUPERIOR ENERGY SERVICES LIMITED→ SC259694 · est 2003 | £6.15M £4.78M–£7.51M | £1.45M | — | 1500 | 22y | 94 | 60y |
| IMENCO UK LIMITED→ SC372021 · est 2010 | £5.97M £4.64M–£7.29M | £17.33M | — | 11500 | 16y | 95 | 71y |
| TGT OILFIELD SERVICES UK LIMITED→ SC427554 · est 2012 | £2.26M £1.76M–£2.76M | £9.93M | — | 3000 | 13y | 84 | 61y |
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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
7 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
Incorporated1994-07-18
Jurisdictionscotland
Primary SIC0502 — SIC 0502
Registered office
66 Queen's Road
Aberdeen
AB15 4YE
Filing status
Accounts
Next due: —
Last made up to: 2008-12-31
Confirmation statement
Next due: —
Last: —
Officers (0 active · 12 resigned)
STARK, Michael Otto Philipp→
Activesecretary · appointed 2005-06-01
View their other companies + combined net worth →
KVANGARDSNES, Ivar→
Activedirector · ~57y · appointed 2007-07-20
View their other companies + combined net worth →
STARK, Michael Otto Philipp→
Activedirector · ~60y · appointed 2005-06-01
View their other companies + combined net worth →
SYNNEVAG, Geir→
Resignedsecretary · appointed 1999-12-17 · resigned 2005-06-01
WILLIAMSON, Annette Grace→
Resignedsecretary · appointed 1994-07-18 · resigned 1999-12-17
JAMES AND GEORGE COLLIE→
Resignedcorporate-secretary · appointed 1994-07-18 · resigned 1994-07-18
GEIRULV, Arne→
Resigneddirector · ~67y · appointed 1994-07-18 · resigned 1997-08-01
GRIEG, Per→
Resigneddirector · ~69y · appointed 2007-07-20 · resigned 2009-06-16
HAUGLAND, Eirik Bloch→
Resigneddirector · ~63y · appointed 2007-07-20 · resigned 2009-07-31
LASCHINGER, Rudolf Jakob→
Resigneddirector · ~77y · appointed 1998-07-08 · resigned 2001-04-17
MOGSTER, Frode→
Resigneddirector · ~71y · appointed 2001-04-17 · resigned 2007-07-20
SVENDSEN, Olav→
Resigneddirector · ~68y · appointed 2001-04-17 · resigned 2007-07-20
SYNNEVAG, Geir→
Resigneddirector · ~82y · appointed 1997-08-01 · resigned 2005-06-01
WILLIAMSON, George Lamont→
Resigneddirector · ~81y · appointed 1994-07-18 · resigned 1999-12-17
BONSQUARE NOMINEES LIMITED→
Resignedcorporate-director · appointed 1994-07-18 · resigned 1994-07-18
Click a director name to see their full track record across all companies.
Mortgages & charges
7
Total charges
0
Outstanding
0
Active lenders
Status:Lender:7 of 7 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Biomar Biomar Limited | Standard security | 1 property | 06/06/2002 | 22/11/2005 | |
| satisfied | Biomar Biomar Limited | Floating charge | 1 property | 10/05/2002 | 22/11/2005 | |
| satisfied | Biomar Biomar Limited | Bond & floating charge | 1 property | 24/08/1998 | 17/05/2002 | |
| satisfied | Christiania Bank Og Kreditkasse Asa | Bond & floating charge | 1 property | 08/07/1998 | 24/01/2008 | |
| satisfied | Christiania Bank Og Kreditkasse Asa | Standard security | 1 property | 20/05/1998 | 24/01/2008 | |
| satisfied | Christiania Bank Og Kreditkasse Asa | Bond & floating charge | 1 property | 14/04/1998 | 24/01/2008 | |
| satisfied | Magnus Laurence Flaws and Others as Trustees of Shetland Aquaculture Trust | Floating charge | 1 property | 20/02/1996 | 27/11/1997 |
Recent filings (93 total)
gazette-dissolved-voluntary
gazette · GAZ2(A)
2010-02-19
accounts-with-accounts-type-dormant
accounts · AA
2009-11-05
gazette-notice-voluntary
gazette · GAZ1(A)
2009-10-30
dissolution-application-strike-off-company
dissolution · DS01
2009-10-05
legacy
officers · 288b
2009-08-20
legacy
officers · 288b
2009-08-18
legacy
annual-return · 363a
2009-01-05
accounts-with-made-up-date
accounts · AA
2008-10-13
legacy
mortgage · 419a(Scot)
2008-01-24
legacy
mortgage · 419a(Scot)
2008-01-24
legacy
mortgage · 419a(Scot)
2008-01-24
legacy
annual-return · 363a
2008-01-23
legacy
officers · 288a
2007-09-05
legacy
officers · 288a
2007-09-05
legacy
officers · 288a
2007-09-05