THE SCOTTISH COAL (DEEP MINE) COMPANY LIMITED

🌳Matureactive

SC180022 · ltd · incorporated 1997-10-28

Investment thesis

Looks cheap but ownership + security both unclear — probable value trap.

Why interesting: Headline metrics may be attractive.

Why risky: No PSC visibility combined with multiple live charges; transacting likely slow and expensive.

🔒Estimated value

—

Upgrade to see

Turnover

—

not disclosed

Net worth

—

book net assets

Opportunity

47/100

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What this business does

Primary activity: SIC 1010

Sector: Manufacturing

Investor take

Pass (distressed without resilience)

Distressed admin-neglect survivor — structural issues outweigh the discount.

Opportunity 47/100 (watch), bankability 2/100. 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: asset disposal / carve-out (80/100). Current lenders should be on immediate intervention.

🏦

Refinance opportunity

7 live charges · 4 lenders · oldest 28.0y

25/100

too messy

Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.

· Oldest live charge is 28.0 years old — likely at or near maturity.
· 4 lenders named — inter-creditor friction likely.
· Legal-friction score 60/100 (high).

Data confidence

Overall: low (48/100)

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

Lenders & charges

7 charges (7/7 with lender, 7/7 with type)

Directors & officers

16 officers (8 active, 16 linked, 11 with DOB)

Ownership & PSC

No PSCs filed (unusual — worth investigating)

Director network

1 connected companies via shared directors

Filing history

64 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

47/100Watch

PassWatchWorth a lookStrongExceptional

Not actionable now, but monitor — distressed, succession, or structural changes could flip this into a real opportunity.

Business quality

Concerning — overdue filings or status flags present.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Multiple red flags — proceed with caution.

Signal strength

100

Good data coverage for analysis.

Recent activity

Last 30 days

filings

Last 90 days

filings

Last 180 days

filing

• 1 miscellaneous

Counts from Companies House filing history.

Corporate timeline (57 events)Click to expand

2025-12-10
📄
court-order
miscellaneous · OC-DV
2017-12-29
⚠️
gazette-dissolved-liquidation
gazette · GAZ2
2017-09-29
⚠️
liquidation-compulsory-return-of-final-meeting-scotland
insolvency · 4.17(Scot)
2013-11-01
📍
change-registered-office-address-company-with-date-old-address
address · AD01
2005-08-23
📄
legacy
mortgage · 419b(Scot)
2005-08-05
📄
legacy
mortgage · 419b(Scot)
2005-08-05
📄
legacy
mortgage · 419b(Scot)
2004-08-12
📍
legacy
address · 287
2002-07-06
📄
legacy
officers · 288b
2002-07-06
⚠️
liquidation-compulsory-appointment-provisional-liquidator-scotland
insolvency · 4.9(Scot)
2002-07-06
⚠️
liquidation-compulsory-notice-winding-up-scotland
insolvency · CO4.2(Scot)
2002-07-06
⚠️
liquidation-compulsory-winding-up-order-scotland
insolvency · 4.2(Scot)
2002-07-06
⚠️
liquidation-compulsory-appointment-provisional-liquidator-scotland
insolvency · 4.9(Scot)
2002-06-24
➖
STARK, Andrew resigned
director
2002-04-19
📄
mortgage-alter-floating-charge
mortgage · 466(Scot)
2002-04-12
📄
mortgage-alter-floating-charge
mortgage · 466(Scot)
2002-04-12
📄
mortgage-alter-floating-charge
mortgage · 466(Scot)
2002-04-12
📄
mortgage-alter-floating-charge
mortgage · 466(Scot)
2002-01-31
📄
accounts-with-made-up-date
accounts · AA
2001-11-05
📄
legacy
annual-return · 363s
2001-07-13
📄
legacy
officers · 288a
2001-07-13
📄
legacy
officers · 288a
2001-07-13
📄
legacy
officers · 288a
2001-07-13
📄
legacy
officers · 288a
2001-06-20
➕
ARTHUR, Michael appointed
director
2001-06-20
➕
ELLIS, Stephen appointed
director
2001-06-20
➕
HOOD, Derek Brian appointed
director
2001-06-20
➕
KENNEY, Alan appointed
director
2001-06-04
📄
legacy
officers · 288b
2001-05-29
➖
SORBIE, James resigned
director
2001-04-27
📄
accounts-with-made-up-date
accounts · AA
2000-06-02
➖
LAWWELL, Peter Thomas resigned
director
2000-04-04
➕
SORBIE, James appointed
director
2000-01-07
➕
WALKER, Derek appointed
director
2000-01-07
➖
HOUGHTON, Alan resigned
director
1999-07-30
➕
TRAYNOR, Alexander Garvie appointed
secretary
1999-07-30
➖
REEVES, Martin Leslie resigned
secretary
1999-05-24
🔒
Charge registered #8
Lender: Scottish Enterprise
1999-05-24
🔒
Charge registered #7
Lender: Mining (Scotland) Limited
1998-05-20
🔒
Charge registered #6
Lender: The Royal Bank of Scotland PLC as Security Trustee
1998-05-20
🔒
Charge registered #5
Lender: The Royal Bank of Scotland PLC as Security Trustee
1998-05-20
🔒
Charge registered #4
Lender: The Royal Bank of Scotland PLC as Security Trustee
1998-05-10
🔒
Charge registered #3
Lender: The Royal Bank of Scotland PLC as Security Trustee
1998-05-10
🔒
Charge registered #2
Lender: Scottish Power PLC
1998-05-08
➕
HARPER, John Ross, Professor appointed
director
1998-05-08
➕
LAWWELL, Peter Thomas appointed
director
1998-05-08
➕
STARK, Andrew appointed
director
1998-03-23
➕
DOW, William Ramsay appointed
director
1998-03-23
➕
REEVES, Martin Leslie appointed
secretary
1998-03-23
➖
HMS SECRETARIES LIMITED resigned
corporate-nominee-secretary

Showing most recent 50 of 57 events

Owner dependency

65/100

High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS

-7 active directors: Broader management team in place — suggests transferable governance.
+Long-tenure founder: Senior director has been in place 28 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 91 — succession pressure is live.

Succession & seller-readiness

85/100

Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS

primaryFounder aged 70+: Senior director is approximately 91 years old. Natural succession window is now.
primary20+ year tenure: Director in role 28 years. Very long tenure is a classic succession signal.
secondaryStable-but-static management: Company is 29 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

3 high · 1 med · 1 low

Accounts overdue

high

Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.

Evidence: Next due: 2003-01-31

Confirmation statement overdue

high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2016-11-11

6 insolvency-related filings on record

high

Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.

Evidence: 2017-12-29: gazette-dissolved-liquidation; 2017-09-29: liquidation-compulsory-return-of-final-meeting-scotland

Has insolvency history

medium

Companies House flags prior insolvency events. Review the insolvency filings for context.

7 live charges

low

Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.

🔒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 →

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Peers ranked by estimated value, then turnover, then opportunity score.See all →

🔒Tailored diligence questions

13 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.

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Company details

Statusactive

Typeltd

Incorporated1997-10-28

Jurisdictionscotland

Primary SIC1010 — SIC 1010

Registered office

Citypoint

65 Haymarket Terrace

Edinburgh

EH12 5HD

Filing status

Accounts

Next due: 2003-01-31OVERDUE

Last made up to: 2001-03-31

Confirmation statement

Next due: 2016-11-11OVERDUE

Last: —