G.T. INSULATIONS LIMITED
⚰️Wound downdissolved
SC152039 · ltd · incorporated 1994-07-20
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
62/100
Worth a look
What this business does
Primary activity: SIC 99999
Sector: Extraterritorial bodies
Investor take
Pass (distressed without resilience)Distressed unclear — structural issues outweigh the discount.
Opportunity 62/100 (worth a look), bankability 62/100. Strong seller-intent signal (78/100, director aged 68). 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 (73/100).
🏦
Refinance opportunity
5 live charges · 3 lenders · oldest 30.9y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 30.9 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Legal-friction score 35/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (57/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Company profile
address, 1 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
5 charges (5/5 with lender, 5/5 with type)
90
Directors & officers
10 officers (2 active, 10 linked, 5 with DOB)
80
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
4 connected companies via shared directors
57
Filing history
101 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
62/100Worth 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
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 (44 events)Click to expand
- 2024-12-03📄gazette-dissolved-voluntarygazette · GAZ2(A)
- 2024-12-03🏁Company dissolved
- 2024-09-17📄gazette-notice-voluntarygazette · GAZ1(A)
- 2024-09-11📄dissolution-application-strike-off-companydissolution · DS01
- 2024-08-14📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-06-11📄accounts-with-accounts-type-smallaccounts · AA
- 2023-06-06📄accounts-with-accounts-type-smallaccounts · AA
- 2022-08-02📄accounts-with-accounts-type-smallaccounts · AA
- 2021-06-25📄accounts-with-accounts-type-smallaccounts · AA
- 2020-10-07📄accounts-with-accounts-type-smallaccounts · AA
- 2020-07-09📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2019-10-10➕GITTUS, Francis Edward appointedsecretary
- 2019-10-10➖BIGGS, Colin Leslie resignedsecretary
- 2019-10-10📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2019-10-10📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2019-05-24📄accounts-with-accounts-type-smallaccounts · AA
- 2018-07-18📄accounts-with-accounts-type-smallaccounts · AA
- 2017-09-19📄accounts-with-accounts-type-smallaccounts · AA
- 2016-09-26📄accounts-with-accounts-type-smallaccounts · AA
- 2015-04-01➕BIGGS, Colin Leslie appointedsecretary
- 2015-04-01➖LEWIS, Katherine resignedsecretary
- 2011-12-06➖THOMSON, Heather Jane resigneddirector
- 2011-11-10🔒Charge registered #5Lender: Hsbc Bank PLC
- 2011-07-06🔓Charge satisfied #4
- 2011-07-06🔓Charge satisfied #3
- 2009-11-30➖FOLEY, John Joseph resigneddirector
- 2006-08-01➕FOLEY, John Joseph appointeddirector
- 2006-06-27🔒Charge registered #4Lender: Hsbc Bank PLC
- 2005-07-10➖THOMSON, Gordon David resigneddirector
- 2002-09-12➕LEWIS, Katherine appointedsecretary
- 2002-09-12➖THOMSON, Heather Jane resignedsecretary
- 1999-06-04🔒Charge registered #3Lender: Midland Bank PLC
- 1999-05-06🔒Charge registered #2Lender: Midland Bank PLC
- 1996-12-11🔓Charge satisfied #1
- 1996-09-13➕MERRICK, David Raymond appointeddirector
- 1995-09-04🔒Charge registered #1Lender: The Royal Bank of Scotland PLC
- 1994-07-20🏢Company incorporatedAs G.T. INSULATIONS LIMITED
- 1994-07-20➕REID, Brian appointednominee-secretary
- 1994-07-20➖REID, Brian resignednominee-secretary
- 1994-07-20➕THOMSON, Heather Jane appointedsecretary
- 1994-07-20➕MABBOTT, Stephen appointednominee-director
- 1994-07-20➖MABBOTT, Stephen resignednominee-director
- 1994-07-20➕THOMSON, Gordon David appointeddirector
- 1994-07-20➕THOMSON, Heather Jane appointeddirector
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 30 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 68 — succession pressure is live.
Succession & seller-readiness
95/100
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.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- primary20+ year tenure: Director in role 30 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 2024-12-03
Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr David Raymond Merrick Individual · British · DOB 08/1959 · age 67 | 75–100% | — | 75-100% shares | 06/04/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
🔒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 · Other · PA postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| LOCH EARN DEVELOPMENT COMPANY LTD→ SC018491 · est 1935 | — | — | £17.6k | — | 91y | 83 | 69y |
| STRUTHERS MEMORIAL CHURCH→ SC335480 · est 2007 · no financials extracted | — | — | — | — | 18y | 83 | 66y |
| AN TAIRBEART LIMITED→ SC139476 · est 1992 | — | — | £946.0k | — | 33y | 82 | 94y |
| CHURCHILL (SCOTLAND) PROPERTIES LIMITED→ SC202429 · est 1999 | — | — | £5.1k | — | 26y | 82 | 74y |
| SPEY BAY TRADING COMPANY LTD.→ SC180155 · est 1997 | — | — | £5.4k | — | 28y | 82 | 73y |
| ARDRISHAIG COMMUNITY TRUST→ SC344641 · est 2008 | — | — | — | 900 | 18y | 81 | 81y |
| ASSOCIATION OF CONSTRUCTION ATTORNEYS→ SC344543 · est 2008 | — | — | £2.4k | — | 18y | 81 | 75y |
| BARCALDINE COMMUNITY ASSOCIATION→ SC295774 · est 2006 · no financials extracted | — | — | — | — | 20y | 81 | 77y |
| BENMORE AND KILMUN COMMUNITY DEVELOPMENT TRUST→ SC254743 · est 2003 | — | — | £3.5k | — | 22y | 81 | 76y |
| METER EYE LTD→ SC294491 · est 2005 | — | — | £30 | — | 20y | 81 | 76y |
| PORT ELLEN HARBOUR ASSOCIATION LIMITED→ SC222764 · est 2001 · no financials extracted | — | — | — | — | 24y | 81 | 70y |
| AFFLUENT TAX & ACCOUNTING SERVICES LTD→ SC294714 · est 2005 | — | — | — | — | 20y | 80 | 62y |
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.
See pricing →Company details
Statusdissolved
Typeltd
Incorporated1994-07-20
Jurisdictionscotland
Primary SIC99999 — SIC 99999
Registered office
Abercorn House
79 Renfrew Road
Paisley
Renfrewshire
PA3 4DA
Scotland
Filing status
Accounts
Next due: —
Last made up to: 2023-12-31
Confirmation statement
Next due: —
Last: 2024-07-20
Officers (0 active · 8 resigned)
GITTUS, Francis Edward→
Activesecretary · appointed 2019-10-10
View their other companies + combined net worth →
MERRICK, David Raymond→
Activedirector · ~68y · appointed 1996-09-13
View their other companies + combined net worth →
BIGGS, Colin Leslie→
Resignedsecretary · appointed 2015-04-01 · resigned 2019-10-10
LEWIS, Katherine→
Resignedsecretary · appointed 2002-09-12 · resigned 2015-04-01
REID, Brian→
Resignednominee-secretary · appointed 1994-07-20 · resigned 1994-07-20
THOMSON, Heather Jane→
Resignedsecretary · appointed 1994-07-20 · resigned 2002-09-12
FOLEY, John Joseph→
Resigneddirector · ~74y · appointed 2006-08-01 · resigned 2009-11-30
MABBOTT, Stephen→
Resignednominee-director · ~76y · appointed 1994-07-20 · resigned 1994-07-20
THOMSON, Gordon David→
Resigneddirector · ~64y · appointed 1994-07-20 · resigned 2005-07-10
THOMSON, Heather Jane→
Resigneddirector · ~63y · appointed 1994-07-20 · resigned 2011-12-06
Click a director name to see their full track record across all companies.
Mortgages & charges
5
Total charges
2
Outstanding
2
Active lenders
Status:Lender:5 of 5 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | HSBC Hsbc Bank PLC | Floating charge | 1 property | 10/11/2011 | — | |
| satisfied | HSBC Hsbc Bank PLC | Standard security | 1 property | 27/06/2006 | 06/07/2011 | |
| satisfied | Midland Bank Midland Bank PLC | Standard security | 1 property | 04/06/1999 | 06/07/2011 | |
| outstanding | Midland Bank Midland Bank PLC | Floating charge | 1 property | 06/05/1999 | — | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Bond & floating charge | 1 property | 04/09/1995 | 11/12/1996 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (101 total)
gazette-dissolved-voluntary
gazette · GAZ2(A)
2024-12-03
gazette-notice-voluntary
gazette · GAZ1(A)
2024-09-17
dissolution-application-strike-off-company
dissolution · DS01
2024-09-11
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-08-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-07
accounts-with-accounts-type-small
accounts · AA
2024-06-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-08-02
accounts-with-accounts-type-small
accounts · AA
2023-06-06
accounts-with-accounts-type-small
accounts · AA
2022-08-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-07-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-08-18
accounts-with-accounts-type-small
accounts · AA
2021-06-25
accounts-with-accounts-type-small
accounts · AA
2020-10-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-07-30
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2020-07-09