TEARSHEET LIMITED
⚰️Wound downdissolved
SC181228 · ltd · incorporated 1997-12-03
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
49/100
Watch
What this business does
Primary activity: Information technology consultancy activities
Sector: Information & communication
Investor take
Pass (distressed without resilience)Distressed unclear — structural issues outweigh the discount.
Opportunity 49/100 (watch), bankability 72/100. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: strategic trade sale (73/100).
🏦
Refinance opportunity
3 live charges · 3 lenders · oldest 28.3y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 28.3 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Legal-friction score 25/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (58/100)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
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
13 officers (4 active, 13 linked, 8 with DOB)
82
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
6 connected companies via shared directors
63
Filing history
101 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
49/100Watch
PassWatchWorth a lookStrongExceptional
Not actionable now, but monitor — distressed, succession, or structural changes could flip this into a real opportunity.
Business quality
30
Concerning — overdue filings or status flags present.
Acquirability
50
Some acquirability indicators.
Risk profile
41
Multiple red flags — proceed with caution.
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 (54 events)Click to expand
- 2017-09-12📄gazette-dissolved-voluntarygazette · GAZ2(A)
- 2017-09-12🏁Company dissolved
- 2017-07-08📄dissolution-voluntary-strike-off-suspendeddissolution · SOAS(A)
- 2017-05-30📄gazette-notice-voluntarygazette · GAZ1(A)
- 2017-05-24📄dissolution-application-strike-off-companydissolution · DS01
- 2017-05-11📄mortgage-satisfy-charge-fullmortgage · MR04
- 2017-05-11📄mortgage-satisfy-charge-fullmortgage · MR04
- 2017-05-11🔓Charge satisfied #3
- 2017-05-11🔓Charge satisfied #2
- 2017-05-08📄capital-statement-capital-company-with-date-currency-figurecapital · SH19
- 2017-05-08📄resolutionresolution · RESOLUTIONS
- 2017-05-08⚠️legacyinsolvency · CAP-SS
- 2017-01-17📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2016-12-10📄mortgage-alter-floating-charge-with-numbermortgage · 466(Scot)
- 2016-12-08📄resolutionresolution · RESOLUTIONS
- 2016-12-07📄mortgage-alter-floating-charge-with-numbermortgage · 466(Scot)
- 2016-12-06📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2016-12-05📄termination-director-company-with-name-termination-dateofficers · TM01
- 2016-12-05📄termination-director-company-with-name-termination-dateofficers · TM01
- 2016-12-05📄termination-director-company-with-name-termination-dateofficers · TM01
- 2016-12-05📄appoint-person-director-company-with-name-dateofficers · AP01
- 2016-12-05📄appoint-person-director-company-with-name-dateofficers · AP01
- 2016-12-05📄appoint-person-director-company-with-name-dateofficers · AP01
- 2016-12-01📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2016-11-29➕DONNELLY, Craig appointeddirector
- 2016-11-29➕KERR, Stuart James appointeddirector
- 2016-11-29➕LOGAN, Neil Paterson appointeddirector
- 2016-11-29➖BOOKER, Bernard resigneddirector
- 2016-11-29➖JOHNSTON, Jane Margaret resigneddirector
- 2016-11-29➖ROBERTS, Andrew resigneddirector
- 2016-11-29🔒Charge registered #3Lender: Maven Capital Partners UK LLP (As Security Trustee)
- 2016-11-29🔒Charge registered #2Lender: Clydesdale Bank PLC (Trading as Both Clydesdale Bank and Yorkshire Bank)
- 2016-09-08📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2016-07-11📄capital-cancellation-sharescapital · SH06
- 2016-06-30📄resolutionresolution · RESOLUTIONS
- 2016-06-23🔓Charge satisfied #1
- 2016-02-24➖MURRAY, Gordon resigneddirector
- 2014-11-01➕JOHNSTON, Jane Margaret appointeddirector
- 2014-05-12➕BURNESS PAULL LLP appointedcorporate-secretary
- 2014-05-12➖PAULL & WILLIAMSONS LLP resignedcorporate-secretary
- 2009-04-06➖PAULL & WILLIAMSONS resignedcorporate-secretary
- 2009-04-06➕PAULL & WILLIAMSONS LLP appointedcorporate-secretary
- 2001-05-01➕ROBERTS, Andrew appointeddirector
- 2000-09-01➖NICOL, Sheena Mary resignedsecretary
- 2000-09-01➕PAULL & WILLIAMSONS appointedcorporate-secretary
- 1998-01-27🔒Charge registered #1Lender: Tsb Bank Scotland PLC
- 1998-01-20➖MIDDLETON, Sandra Elizabeth resignednominee-secretary
- 1998-01-20➕NICOL, Sheena Mary appointedsecretary
- 1998-01-20➕BOOKER, Bernard appointeddirector
- 1998-01-20➖MCNIVEN, Alan Ross resignednominee-director
Showing most recent 50 of 54 events
Owner dependency
50/100
Moderate — manageable with handoverSome founder dependency, but not acute. A structured handover period should cover most risk.
Succession & seller-readiness
40/100
Moderate signalSome succession indicators present. Worth watching; approach if sector/strategy fits.
SIGNALS
- secondaryStable-but-static management: Company is 28 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
2 high · 1 med ·Company dissolved
highCompany has been dissolved — it no longer legally exists. Any diligence here is historical only.
Evidence: Dissolved on 2017-09-12
1 insolvency-related filing on record
highFilings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2017-05-08: legacy
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
Incremental Group Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Incremental Group Limited
Corporate parent · holds 75-100% shares · board control
⬇
TEARSHEET LIMITED
This company · SC181228
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Incremental Group Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 29/11/2016 |
1 historic (ceased) PSC
- Mr Bernard Bookerceased 29/11/2016· 75-100% shares · 75-100% voting · board control
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
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|---|---|---|---|---|---|---|---|
| BIP SOLUTIONS LIMITED→ SC086146 · est 1984 | £10.24M £7.31M–£13.17M | — | — | 137 | 42y | 83 | 79y |
| BLACKBAUD EUROPE LTD.→ SC212593 · est 2000 | £3.33M £2.38M–£4.28M | £23.77M | — | 12000 | 25y | 84 | 64y |
| ALTIA SOLUTIONS LIMITED→ SC228451 · est 2002 | £409.8k £292.7k–£526.9k | £6.88M | — | 0 | 24y | 83 | 60y |
| ANGEL EYE MEDIA LIMITED→ SC268652 · est 2004 | — | — | — | 500 | 21y | 83 | 61y |
| APERTA LIMITED→ SC136758 · est 1992 | — | — | £13.46M | — | 34y | 83 | 75y |
| CALEDONIA TV PRODUCTIONS LTD.→ SC141667 · est 1992 | — | — | £451.3k | — | 33y | 83 | 77y |
| CRAB APPLE FILMS LIMITED→ SC242643 · est 2003 | — | — | — | 200 | 23y | 83 | 64y |
| CUE AND REVIEW RECORDING SERVICE LIMITED→ SC129748 · est 1991 · no financials extracted | — | — | — | — | 35y | 83 | 78y |
| E-MAX SYSTEMS LIMITED→ SC189614 · est 1998 | — | — | £290.8k | — | 27y | 83 | 76y |
| ELASTIC CREATIVE LTD.→ SC203930 · est 2000 | — | — | £20.1k | — | 26y | 83 | 58y |
| EURITEC LIMITED→ SC132746 · est 1991 | — | — | £2.4k | — | 34y | 83 | 77y |
| EURO SYSTEMS (SCOTLAND) LIMITED→ SC360587 · est 2009 · no financials extracted | — | — | — | — | 16y | 83 | 67y |
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
Incorporated1997-12-03
Jurisdictionscotland
Primary SIC62020 — Information technology consultancy activities
Registered office
120 Bothwell Street
Glasgow
G2 7JL
Scotland
Filing status
Accounts
Next due: —
Last made up to: 2016-03-31
Confirmation statement
Next due: —
Last: —
Officers (0 active · 9 resigned)
BURNESS PAULL LLP→
Activecorporate-secretary · appointed 2014-05-12
View their other companies + combined net worth →
DONNELLY, Craig→
Activedirector · ~56y · appointed 2016-11-29
View their other companies + combined net worth →
KERR, Stuart James→
Activedirector · ~51y · appointed 2016-11-29
View their other companies + combined net worth →
LOGAN, Neil Paterson→
Activedirector · ~49y · appointed 2016-11-29
View their other companies + combined net worth →
MIDDLETON, Sandra Elizabeth→
Resignednominee-secretary · appointed 1997-12-03 · resigned 1998-01-20
NICOL, Sheena Mary→
Resignedsecretary · appointed 1998-01-20 · resigned 2000-09-01
PAULL & WILLIAMSONS→
Resignedcorporate-secretary · appointed 2000-09-01 · resigned 2009-04-06
PAULL & WILLIAMSONS LLP→
Resignedcorporate-secretary · appointed 2009-04-06 · resigned 2014-05-12
BOOKER, Bernard→
Resigneddirector · ~77y · appointed 1998-01-20 · resigned 2016-11-29
JOHNSTON, Jane Margaret→
Resigneddirector · ~66y · appointed 2014-11-01 · resigned 2016-11-29
MCNIVEN, Alan Ross→
Resignednominee-director · ~76y · appointed 1997-12-03 · resigned 1998-01-20
MURRAY, Gordon→
Resigneddirector · ~68y · appointed 1998-01-20 · resigned 2016-02-24
ROBERTS, Andrew→
Resigneddirector · ~58y · appointed 2001-05-01 · resigned 2016-11-29
Click a director name to see their full track record across all companies.
Mortgages & charges
3
Total charges
0
Outstanding
0
Active lenders
Status:Lender:3 of 3 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Maven Capital Partners UK (As Security Trustee) Maven Capital Partners UK LLP (As Security Trustee) | A registered charge | — | 29/11/2016 | 11/05/2017 | |
| satisfied | Virgin Money Clydesdale Bank PLC (Trading as Both Clydesdale Bank and Yorkshire Bank) | A registered charge | — | 29/11/2016 | 11/05/2017 | |
| satisfied | Lloyds Banking Group Tsb Bank Scotland PLC | Bond & floating charge | 1 property | 27/01/1998 | 23/06/2016 |
Recent filings (101 total)
gazette-dissolved-voluntary
gazette · GAZ2(A)
2017-09-12
dissolution-voluntary-strike-off-suspended
dissolution · SOAS(A)
2017-07-08
gazette-notice-voluntary
gazette · GAZ1(A)
2017-05-30
dissolution-application-strike-off-company
dissolution · DS01
2017-05-24
mortgage-satisfy-charge-full
mortgage · MR04
2017-05-11
mortgage-satisfy-charge-full
mortgage · MR04
2017-05-11
capital-statement-capital-company-with-date-currency-figure
capital · SH19
2017-05-08
resolution
resolution · RESOLUTIONS
2017-05-08
legacy
insolvency · CAP-SS
2017-05-08
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2017-01-17
confirmation-statement-with-updates
confirmation-statement · CS01
2017-01-17
mortgage-alter-floating-charge-with-number
mortgage · 466(Scot)
2016-12-10
resolution
resolution · RESOLUTIONS
2016-12-08
mortgage-alter-floating-charge-with-number
mortgage · 466(Scot)
2016-12-07
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2016-12-06