SCOTTISH MILK DAIRIES LIMITED
⚰️Wound downdissolved
SC156350 · ltd · incorporated 1995-03-06
Investment thesis
Company dissolved — not a live target.
Why interesting: Historical record only; useful for precedent research.
Why risky: Not transactable.
Why now
Window steady · low confidence
Stable recent picture — watch for any upcoming trigger event.
What changed my view
Last 30 days
No material changes in the last 30 days.
Last 90 days
No material changes in the last 90 days.
Last 180 days
No snapshot from 180 days ago — start tracking from today.
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
59/100
Worth a look
What this business does
Primary activity: Non-trading company
Sector: Professional, scientific & technical
Investor take
Pass (distressed without resilience)Distressed dormant / non-trading — structural issues outweigh the discount.
Opportunity 59/100 (worth a look), bankability 62/100. Strong seller-intent signal (60/100, director aged 59). Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (73/100).
🏦
Refinance opportunity
7 live charges · 4 lenders · oldest 31.0y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 31.0 years old — likely at or near maturity.
- · 4 lenders named — inter-creditor friction likely.
- · Legal-friction score 30/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (60/100)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
7 charges (7/7 with lender, 7/7 with type)
90
Directors & officers
24 officers (2 active, 24 linked, 19 with DOB)
86
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
128 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
59/100Worth 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
70
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 (83 events)Click to expand
- 2020-01-28📄gazette-dissolved-voluntarygazette · GAZ2(A)
- 2020-01-28🏁Company dissolved
- 2019-11-12📄gazette-notice-voluntarygazette · GAZ1(A)
- 2019-10-31📄dissolution-application-strike-off-companydissolution · DS01
- 2019-10-16📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-01-14📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-12-21📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-10-05📄termination-director-company-with-name-termination-dateofficers · TM01
- 2017-09-30➖SHEARER, Owen Matthew resigneddirector
- 2017-04-06📄appoint-person-director-company-with-name-dateofficers · AP01
- 2017-04-06📄termination-director-company-with-name-termination-dateofficers · TM01
- 2017-04-06📄termination-director-company-with-name-termination-dateofficers · TM01
- 2017-04-01➕HANCOCK, Shelagh Mccone appointeddirector
- 2017-04-01➖GALLACHER, Mike resigneddirector
- 2017-02-24➖MACKIE, Brian Robert resigneddirector
- 2017-02-24➕SHEARER, Owen Matthew appointeddirector
- 2017-02-24📄appoint-person-director-company-with-name-dateofficers · AP01
- 2017-02-24📄termination-director-company-with-name-termination-dateofficers · TM01
- 2017-02-03📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2017-02-02📄mortgage-satisfy-charge-fullmortgage · MR04
- 2017-02-02🔓Charge satisfied #7
- 2017-02-01🔒Charge registered #8Lender: Wells Fargo Capital Finance (UK) Limited as Security Trustee
- 2017-01-06📄accounts-with-accounts-type-fullaccounts · AA
- 2016-03-31📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2016-01-15📄mortgage-satisfy-charge-fullmortgage · MR04
- 2016-01-15🔓Charge satisfied #6
- 2016-01-14📄accounts-with-accounts-type-fullaccounts · AA
- 2015-10-06📄appoint-person-director-company-with-name-dateofficers · AP01
- 2015-10-06📄termination-director-company-with-name-termination-dateofficers · TM01
- 2015-09-30➕MACKIE, Brian Robert appointeddirector
- 2015-09-30➖SWEENEY, Gerard resigneddirector
- 2015-04-16📄appoint-person-director-company-with-name-dateofficers · AP01
- 2015-04-16📄termination-director-company-with-name-termination-dateofficers · TM01
- 2015-04-01➖ALLUM, Helen Catherine resigneddirector
- 2015-04-01➕GALLACHER, Mike appointeddirector
- 2014-07-11➕ALLUM, Helen Catherine appointeddirector
- 2013-10-31➖MUSTOE, John William Tarleton resigneddirector
- 2013-02-13➖FORGIE, Ian Mackay resigneddirector
- 2013-02-13➕SWEENEY, Gerard appointeddirector
- 2011-05-20🔓Charge satisfied #5
- 2011-05-20🔓Charge satisfied #4
- 2011-05-20🔓Charge satisfied #3
- 2010-08-02➕FORGIE, Ian Mackay appointeddirector
- 2010-06-30➖MAGUIRE, James Anthony resigneddirector
- 2010-04-07➕MAGUIRE, James Anthony appointeddirector
- 2010-01-26➖HUMPHREYS, Peter resigneddirector
- 2010-01-26➕MUSTOE, John William Tarleton appointeddirector
- 2009-09-03🔒Charge registered #6Lender: Lloyds Tsb Commercial Finance Limited
- 2009-08-27🔒Charge registered #7Lender: Lloyds Tsb Commercial Finance Limited
- 2005-01-18➕WAUGH, Angus John Somerville appointedsecretary
Showing most recent 50 of 83 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
- +Sole director: Only one active director — all governance concentrated on one person.
- +Senior director age: Director aged approximately 59 — approaching natural succession window.
Succession & seller-readiness
65/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- secondaryFounder aged 58+: Senior director is approximately 59. Early succession window.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- secondaryStable-but-static management: Company is 31 years old and no new directors in the last 3 years — succession not yet being planned internally.
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 2020-01-28
Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
First Milk Limited holds 25-50% — a significant corporate investor but not a controlling parent.
🏛️
First Milk Limited
Corporate parent
⬇
SCOTTISH MILK DAIRIES LIMITED
This company · SC156350
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
1 active beneficial owner| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
First Milk Limited Corporate entity | — | — | sig. influencesignificant influence · firm interest | 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 · Holding company · PA postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| FLN HOLDINGS LIMITED→ SC289568 · est 2005 | £604.8k £514.1k–£695.6k | — | £604.8k | — | 20y | 81 | 62y |
| INSIGHT VACATIONS LIMITED→ SC039345 · est 1963 | £60.0k £51.0k–£69.0k | — | £60.0k | — | 62y | 81 | 61y |
| KRISP, PRINTING & STATIONERY CO. LIMITED→ SC118226 · est 1989 | £54.9k £46.6k–£63.1k | — | £54.9k | — | 37y | 80 | 88y |
| ENKELT LTD→ SC290192 · est 2005 | £45.6k £38.8k–£52.5k | — | £45.6k | — | 20y | 80 | 58y |
| INSIGHT INTERNATIONAL TOURS LIMITED→ SC064603 · est 1978 | £40.0k £34.0k–£46.0k | — | £40.0k | — | 48y | 81 | 61y |
| COLUMBA PUBLISHING COMPANY LIMITED→ SC009652 · est 1916 | £10.9k £9.3k–£12.5k | — | £10.9k | — | 109y | 80 | 88y |
| SABREPEARL LIMITED→ SC200875 · est 1999 | £8.7k £7.4k–£10.0k | — | £8.7k | — | 26y | 80 | 74y |
| BD LAND MANAGEMENT LIMITED→ SC332025 · est 2007 | £5.4k £4.6k–£6.3k | — | £5.4k | — | 18y | 80 | 78y |
| GLASVEGAS LTD→ SC351214 · est 2008 | £1.0k £850–£1.1k | — | £1.0k | — | 17y | 81 | 59y |
| GLENBELL 2 LIMITED→ SC417805 · est 2012 | £1.0k £850–£1.1k | — | £1.0k | — | 14y | 80 | 79y |
| ARDLUSSA ESTATE LIMITED→ SC393813 · est 2011 | £100 £85–£115 | — | £100 | — | 15y | 80 | 58y |
| LOANHEAD TRANSPORT (HOLDINGS) LIMITED→ SC213984 · est 2000 | £100 £85–£115 | — | £100 | — | 25y | 80 | 73y |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
8 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
Incorporated1995-03-06
Jurisdictionscotland
Primary SIC74990 — Non-trading company
Registered office
Cirrus House Glasgow Airport Business Park
Marchburn Drive
Paisley
Renfrewshire
PA3 2SJ
Filing status
Accounts
Next due: —
Last made up to: 2019-03-31
Confirmation statement
Next due: —
Last: —
Officers (0 active · 22 resigned)
WAUGH, Angus John Somerville→
Activesecretary · appointed 2005-01-18
View their other companies + combined net worth →
HANCOCK, Shelagh Mccone→
Activedirector · ~59y · appointed 2017-04-01
View their other companies + combined net worth →
CONNELLY, Kevin→
Resignedsecretary · appointed 1995-03-23 · resigned 1997-02-28
EDMUNDS, Linda Margaret→
Resignedsecretary · appointed 1997-02-28 · resigned 1999-12-03
MAGUIRE, James Anthony→
Resignedsecretary · appointed 1999-12-03 · resigned 2005-01-18
REID, Brian→
Resignednominee-secretary · appointed 1995-03-06 · resigned 1995-03-06
ALLUM, Helen Catherine→
Resigneddirector · ~61y · appointed 2014-07-11 · resigned 2015-04-01
CONNELLY, Kevin→
Resigneddirector · ~76y · appointed 1995-03-23 · resigned 1999-12-03
DUNCAN, John→
Resigneddirector · ~84y · appointed 1998-02-09 · resigned 1998-12-01
EDMUNDS, Douglas Morris→
Resigneddirector · ~82y · appointed 1995-03-23 · resigned 1999-12-03
EDMUNDS, John Morris→
Resigneddirector · ~71y · appointed 1995-03-23 · resigned 1999-12-03
FLEMING, James→
Resigneddirector · ~83y · appointed 1998-12-01 · resigned 2005-01-18
FORGIE, Ian Mackay→
Resigneddirector · ~62y · appointed 2010-08-02 · resigned 2013-02-13
GALLACHER, Mike→
Resigneddirector · ~60y · appointed 2015-04-01 · resigned 2017-04-01
HUMPHREYS, Peter→
Resigneddirector · ~77y · appointed 2005-01-18 · resigned 2010-01-26
LAMMIE, George→
Resigneddirector · ~82y · appointed 1998-02-09 · resigned 2003-03-01
MABBOTT, Stephen→
Resignednominee-director · ~76y · appointed 1995-03-06 · resigned 1995-03-06
MACKIE, Brian Robert→
Resigneddirector · ~67y · appointed 2015-09-30 · resigned 2017-02-24
MAGUIRE, James Anthony→
Resigneddirector · ~66y · appointed 2010-04-07 · resigned 2010-06-30
MAGUIRE, James Anthony→
Resigneddirector · ~66y · appointed 1998-12-01 · resigned 2005-01-18
Click a director name to see their full track record across all companies.
Mortgages & charges
7
Total charges
1
Outstanding
1
Active lenders
Status:Lender:7 of 7 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Wells Fargo Capital Finance (UK) as Security Trustee Wells Fargo Capital Finance (UK) Limited as Security Trustee | A registered charge | 1 property | 01/02/2017 | — | |
| satisfied | Lloyds Banking Group Lloyds Tsb Commercial Finance Limited | Standard security | 1 property | 03/09/2009 | 15/01/2016 | |
| satisfied | Lloyds Banking Group Lloyds Tsb Commercial Finance Limited | Debenture | 1 property | 27/08/2009 | 02/02/2017 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Standard security | 1 property | 13/07/2001 | 20/05/2011 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Bond & floating charge | 1 property | 28/10/1999 | 20/05/2011 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Standard security | 1 property | 12/10/1995 | 20/05/2011 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Floating charge | 1 property | 09/08/1995 | 06/12/1999 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (128 total)
gazette-dissolved-voluntary
gazette · GAZ2(A)
2020-01-28
gazette-notice-voluntary
gazette · GAZ1(A)
2019-11-12
dissolution-application-strike-off-company
dissolution · DS01
2019-10-31
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-10-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-03-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-01-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2018-03-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2017-12-21
termination-director-company-with-name-termination-date
officers · TM01
2017-10-05
appoint-person-director-company-with-name-date
officers · AP01
2017-04-06
termination-director-company-with-name-termination-date
officers · TM01
2017-04-06
termination-director-company-with-name-termination-date
officers · TM01
2017-04-06
confirmation-statement-with-updates
confirmation-statement · CS01
2017-03-14
appoint-person-director-company-with-name-date
officers · AP01
2017-02-24
termination-director-company-with-name-termination-date
officers · TM01
2017-02-24