HILLHEAD ASSOCIATES LIMITED

⚰️Wound downdissolved
SC182789 · ltd · incorporated 1998-02-06
Investment thesis
Company dissolved — not a live target.
Why interesting: Historical record only; useful for precedent research.
Why risky: Not transactable.
Why now
Window closing · medium confidence
Getting harder to buy cheaply — 2 signals strengthening over the last 30 days.
  • · Opportunity score: 52 → 64
  • · Hygiene score: 80 → 90
What changed my view
Last 30 days

Picture improved over the last 30 days — 2 positive signals vs 0 negative.

  • ↑Opportunity score: 52 → 64
  • ↑Hygiene score: 80 → 90
Last 90 days

No snapshot from 90 days ago — start tracking from today.

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
64/100
Worth a look
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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 64/100 (worth a look), bankability 70/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: Company dissolved. Company has been dissolved — it no longer legally exists. Any diligence here is historical only. Most likely exit: strategic trade sale (73/100).

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
0
Lenders & charges
Confirmed no charges registered
85
Directors & officers
5 officers (5 active, 5 linked, 4 with DOB)
86
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
1 connected companies via shared directors
48
Filing history
45 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
64/100Worth 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
67
Some moderate concerns — review flags.
Signal strength
90
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 (32 events)Click to expand
  1. 2014-08-29
    📄
    gazette-dissolved-voluntary
    gazette · GAZ2(A)
  2. 2014-08-29
    🏁
    Company dissolved
  3. 2014-05-09
    📄
    gazette-notice-voluntary
    gazette · GAZ1(A)
  4. 2014-04-28
    📄
    dissolution-application-strike-off-company
    dissolution · DS01
  5. 2014-03-03
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  6. 2013-11-11
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  7. 2013-08-27
    📄
    change-account-reference-date-company-previous-extended
    accounts · AA01
  8. 2013-02-04
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  9. 2012-07-04
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  10. 2012-01-06
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  11. 2011-06-14
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  12. 2011-02-02
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  13. 2010-05-18
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  14. 2010-02-02
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  15. 2010-02-02
    📄
    change-corporate-secretary-company-with-change-date
    officers · CH04
  16. 2010-02-02
    📄
    change-person-director-company-with-change-date
    officers · CH01
  17. 2010-02-02
    📄
    change-person-director-company-with-change-date
    officers · CH01
  18. 2010-02-02
    📄
    change-person-director-company-with-change-date
    officers · CH01
  19. 2010-02-02
    📄
    change-person-director-company-with-change-date
    officers · CH01
  20. 2009-08-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  21. 2009-02-11
    📄
    legacy
    annual-return · 363a
  22. 2008-08-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  23. 2008-01-31
    📄
    legacy
    annual-return · 363a
  24. 2007-11-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  25. 2007-01-08
    📄
    legacy
    annual-return · 363a
  26. 2006-10-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  27. 1998-02-06
    🏢
    Company incorporated
    As HILLHEAD ASSOCIATES LIMITED
  28. 1998-02-06
    ➕
    RAEBURN CHRISTIE CLARK & WALLACE appointed
    corporate-secretary
  29. 1998-02-06
    ➕
    EDELSTEN, Jane Lesley appointed
    director
  30. 1998-02-06
    ➕
    EDELSTON, Neil Raymond appointed
    director
  31. 1998-02-06
    ➕
    SMITH, Fiona Jane appointed
    director
  32. 1998-02-06
    ➕
    SMITH, Stewart Ralph appointed
    director

Owner dependency

78/100
High — earn-out structure required

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

FACTORS
  • -4 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 68 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
  • +No director turnover: Company is 28 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

80/100
Likely off-market candidate

Strong 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.
  • primary20+ year tenure: Director in role 28 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 28 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 ·
Company dissolved
high

Company has been dissolved — it no longer legally exists. Any diligence here is historical only.

Evidence: Dissolved on 2014-08-29

🔒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

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
Incorporated1998-02-06
Jurisdictionscotland
Primary SIC62020 — Information technology consultancy activities

Registered office

12-16 Albyn Place
Aberdeen
AB10 1PS

Filing status

Accounts
Next due: —
Last made up to: 2013-07-31
Confirmation statement
Next due: —
Last: —

Officers (0 active · 0 resigned)

RAEBURN CHRISTIE CLARK & WALLACE→
corporate-secretary · appointed 1998-02-06
View their other companies + combined net worth →
Active
EDELSTEN, Jane Lesley→
director · ~66y · appointed 1998-02-06
View their other companies + combined net worth →
Active
EDELSTON, Neil Raymond→
director · ~68y · appointed 1998-02-06
View their other companies + combined net worth →
Active
SMITH, Fiona Jane→
director · ~64y · appointed 1998-02-06
View their other companies + combined net worth →
Active
SMITH, Stewart Ralph→
director · ~67y · appointed 1998-02-06
View their other companies + combined net worth →
Active

Click a director name to see their full track record across all companies.

Recent filings (45 total)

gazette-dissolved-voluntary
gazette · GAZ2(A)
2014-08-29
gazette-notice-voluntary
gazette · GAZ1(A)
2014-05-09
dissolution-application-strike-off-company
dissolution · DS01
2014-04-28
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2014-03-03
accounts-with-accounts-type-total-exemption-small
accounts · AA
2013-11-11
change-account-reference-date-company-previous-extended
accounts · AA01
2013-08-27
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2013-02-04
accounts-with-accounts-type-total-exemption-small
accounts · AA
2012-07-04
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2012-01-06
accounts-with-accounts-type-total-exemption-small
accounts · AA
2011-06-14
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2011-02-02
accounts-with-accounts-type-total-exemption-small
accounts · AA
2010-05-18
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2010-02-02
change-corporate-secretary-company-with-change-date
officers · CH04
2010-02-02
change-person-director-company-with-change-date
officers · CH01
2010-02-02