PALLET LOGISTICS LIMITED

⚰️Wound downdissolved

SC183528 · ltd · incorporated 1998-03-03

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

—

year to Dec 2022

Net worth

—

book net assets

Opportunity

55/100

Worth a look

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch

What this business does

Primary activity: Other business support service activities n.e.c.

Sector: Administrative & support services

Investor take

Pass (distressed without resilience)

Distressed unclear — structural issues outweigh the discount.

Opportunity 55/100 (worth a look), bankability 72/100. High owner-dependency — earn-out structure likely required for clean transition. Biggest value-creation lever: Consolidate lender relationships. 8 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

10 live charges · 8 lenders · oldest 28.1y

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 28.1 years old — likely at or near maturity.
· 8 lenders named — inter-creditor friction likely.
· Legal-friction score 45/100 (high).

Data confidence

Overall: high (82/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile

address, 1 SIC codes, incorporation date

100

Financials

2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed

Lenders & charges

10 charges (10/10 with lender, 10/10 with type)

Directors & officers

17 officers (1 active, 17 linked, 12 with DOB)

Ownership & PSC

1 active PSC(s) of 3 total, 3 with control declared

Director network

10 connected companies via shared directors

Filing history

143 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

55/100Worth a look

PassWatchWorth a lookStrongExceptional

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality

Concerning — overdue filings or status flags present.

Acquirability

Some acquirability indicators.

Risk profile

Some moderate concerns — review flags.

Signal strength

100

Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

—

Current Assets

—

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102

Metric	2022-12-31	2021-12-31

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

2 signals detected in this company's narrative notes — going-concern language, audit opinion, contingent liabilities, related-party transactions.

Available from the Pro tier upwards.

See pricing →

Recent activity

Last 30 days

filings

Last 90 days

filings

Last 180 days

filings

Counts from Companies House filing history.

Corporate timeline (74 events)Click to expand

2025-02-18
📄
gazette-dissolved-voluntary
gazette · GAZ2(A)
2025-02-18
🏁
Company dissolved
2024-09-24
📄
dissolution-voluntary-strike-off-suspended
dissolution · SOAS(A)
2024-09-17
📄
gazette-notice-voluntary
gazette · GAZ1(A)
2024-09-09
📄
dissolution-application-strike-off-company
dissolution · DS01
2024-09-06
📄
dissolution-withdrawal-application-strike-off-company
dissolution · DS02
2024-05-14
📄
dissolution-voluntary-strike-off-suspended
dissolution · SOAS(A)
2024-04-16
📄
gazette-notice-voluntary
gazette · GAZ1(A)
2024-04-05
📄
dissolution-application-strike-off-company
dissolution · DS01
2023-09-26
📄
accounts-with-accounts-type-dormant
accounts · AA
2023-06-07
📄
appoint-person-director-company-with-name-date
officers · AP01
2023-06-07
📄
termination-director-company-with-name-termination-date
officers · TM01
2023-05-31
➕
MILNE, Alan Graham appointed
director
2023-05-31
➖
SCOTT, Norman Robert resigned
director
2022-09-28
📄
mortgage-satisfy-charge-full
mortgage · MR04
2022-09-28
🔓
Charge satisfied #10
2022-09-05
📄
accounts-with-accounts-type-dormant
accounts · AA
2021-08-16
📄
accounts-with-accounts-type-dormant
accounts · AA
2020-12-15
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-04-03
📄
termination-director-company-with-name-termination-date
officers · TM01
2020-04-03
📄
termination-director-company-with-name-termination-date
officers · TM01
2020-04-02
➖
GIBSON, Alan resigned
director
2020-04-02
➖
TROTTER, Tracy Janye resigned
director
2020-01-23
📄
capital-statement-capital-company-with-date-currency-figure
capital · SH19
2020-01-17
📄
legacy
capital · SH20
2019-12-06
🔓
Charge satisfied #11
2018-08-16
➖
MACLEAN, Robert William resigned
director
2017-06-15
➖
GRANT SMITH LAW PRACTICE LIMITED resigned
corporate-secretary
2017-06-15
➕
GIBSON, Alan appointed
director
2017-06-15
➕
MACLEAN, Robert William appointed
director
2017-06-15
➖
RITCHIE, Sheila Ewan resigned
director
2017-06-15
➕
SCOTT, Norman Robert appointed
director
2017-06-15
➕
TROTTER, Tracy Janye appointed
director
2017-06-15
➖
WENT, Michael resigned
director
2017-06-15
🔒
Charge registered #11
Lender: Hsbc Bank PLC
2017-06-15
🔒
Charge registered #10
Lender: Hsbc Invoice Finance (UK) Limited
2017-04-24
🔓
Charge satisfied #8
2017-04-24
🔓
Charge satisfied #5
2017-04-24
🔓
Charge satisfied #1
2015-10-27
🔓
Charge satisfied #9
2011-08-02
➖
THE GRANT SMITH LAW PRACTICE resigned
corporate-secretary
2011-08-01
➕
GRANT SMITH LAW PRACTICE LIMITED appointed
corporate-secretary
2010-06-21
🔒
Charge registered #9
Lender: Galliford Try Renewables Limited
2008-05-09
🔓
Charge satisfied #7
2008-05-09
🔓
Charge satisfied #6
2008-01-18
🔒
Charge registered #8
Lender: Rbs Invoice Finance Limited
2005-09-30
➖
WENT, Philip Abraham resigned
director
2002-10-10
🔓
Charge satisfied #2
2001-10-05
➖
SCOTT, John Carruthers resigned
director
2001-10-02
➖
MOIR, Alan George resigned
director

Showing most recent 50 of 74 events

Owner dependency

75/100

High — earn-out structure required

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

FACTORS

+Sole director: Only one active director — all governance concentrated on one person.

Succession & seller-readiness

55/100

Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS

primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
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

1 high · 1 med ·

Company dissolved

high

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

Evidence: Dissolved on 2025-02-18

Charge satisfaction-then-recreation pattern

medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Group structure

Scott Timber Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️

Scott Timber Limited

Corporate parent · holds 75-100% shares

ultimate parent

⬇

PALLET LOGISTICS LIMITED

This company · SC183528

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
Scott Timber Limited Corporate entity	75–100%	—	75-100% shares	15/06/2017

2 historic (ceased) PSCs

Mr Michael Wentceased 15/06/2017· 75-100% shares · 75-100% voting
Mrs Sheila Ewan Ritchieceased 15/06/2017· significant influence

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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FIRST SCOTTISH GROUP LIMITED→ SC204657 · est 2000	£10.47M £7.86M–£13.09M	—	—	0	26y	82	60y
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FLINTRIVER LIMITED→ SC211127 · est 2000	—	—	£61.5k	—	25y	83	63y
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PREMIER EVENTS AND LEISURE COMPANY LIMITED→ SC217890 · est 2001	—	—	—	2700	25y	83	62y
TURFFIT LTD.→ SC282220 · est 2005	—	—	—	1100	21y	83	63y
AIR COMPRESSOR SERVICES (SCOTLAND) LIMITED→ SC229044 · est 2002	—	—	—	400	24y	82	64y
ASIF ENTERPRISES LIMITED→ SC272291 · est 2004	—	—	£1	—	21y	82	76y
CALEDONIAN AGRICULTURAL MANAGEMENT SERVICES LIMITED→ SC068836 · est 1979	—	—	—	300	46y	82	73y
CLEAR-VIEW FIFE LIMITED→ SC333848 · est 2007	—	—	£274.4k	—	18y	82	65y
COMPASS BUSINESS INSTALLATIONS LTD.→ SC339691 · est 2008	—	—	£123.8k	—	18y	82	63y
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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

Incorporated1998-03-03

Jurisdictionscotland

Primary SIC82990 — Other business support service activities n.e.c.

Registered office

Unit 7 Halbeath Interchange Business Park, Kingseat Road

Halbeath

Dunfermline

KY11 8RY

Scotland

Filing status

Accounts

Next due: —

Last made up to: 2022-12-31

Confirmation statement

Next due: —

Last: 2024-03-05

Officers (0 active · 16 resigned)

MILNE, Alan Graham→

director · ~44y · appointed 2023-05-31

View their other companies + combined net worth →

Active

MOIR, Alan George→

secretary · appointed 1998-04-03 · resigned 2000-04-01

Resigned

GRANT SMITH LAW PRACTICE LIMITED→

corporate-secretary · appointed 2011-08-01 · resigned 2017-06-15

Resigned

HBJ SECRETARIAL LIMITED→

corporate-nominee-secretary · appointed 1998-03-03 · resigned 1998-04-03

Resigned

THE GRANT SMITH LAW PRACTICE→

corporate-secretary · appointed 2000-04-01 · resigned 2011-08-02

Resigned

FERGUSON, Sheila→

director · ~73y · appointed 1998-05-14 · resigned 2001-03-04

Resigned

GIBSON, Alan→

director · ~70y · appointed 2017-06-15 · resigned 2020-04-02

Resigned

JACK, Michael Alexander→

director · ~74y · appointed 1998-04-14 · resigned 1999-03-09

Resigned

MACLEAN, Robert William→

director · ~51y · appointed 2017-06-15 · resigned 2018-08-16

Resigned

MOIR, Alan George→

director · ~78y · appointed 1998-04-03 · resigned 2001-10-02

Resigned

RITCHIE, Sheila Ewan→

director · ~69y · appointed 2000-04-13 · resigned 2017-06-15

Resigned

SCOTT, John Carruthers→

director · ~55y · appointed 1999-03-09 · resigned 2001-10-05

Resigned

SCOTT, Norman Robert→

director · ~58y · appointed 2017-06-15 · resigned 2023-05-31

Resigned

TROTTER, Tracy Janye→

director · ~51y · appointed 2017-06-15 · resigned 2020-04-02

Resigned

WENT, Michael→

director · ~70y · appointed 1998-04-03 · resigned 2017-06-15

Resigned

WENT, Philip Abraham→

director · ~93y · appointed 1998-05-14 · resigned 2005-09-30

Resigned

HENDERSON BOYD JACKSON LIMITED→

corporate-nominee-director · appointed 1998-03-03 · resigned 1998-04-03

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:10 of 10 shown

		Type	Properties
satisfied	HSBC Hsbc Bank PLC	A registered charge	—	15/06/2017	06/12/2019
satisfied	HSBC Hsbc Invoice Finance (UK) Limited	A registered charge	—	15/06/2017	28/09/2022
satisfied	Galliford Try Renewables Galliford Try Renewables Limited	Standard security	1 property	21/06/2010	27/10/2015
satisfied	NatWest Group Rbs Invoice Finance Limited	Floating charge	1 property	18/01/2008	24/04/2017
satisfied	Precision Pallet & Case Precision Pallet & Case Limited	Standard security	1 property	28/07/1998	09/05/2008
satisfied	Philip Abraham Went & Another as Trustees	Standard security	1 property	28/07/1998	09/05/2008
satisfied	Lloyds Banking Group The Royal Bank of Scotland PLC	Standard security	1 property	17/06/1998	24/04/2017
satisfied	Precision Pallet & Case Precision Pallet & Case Limited	Bond & floating charge	1 property	07/05/1998	28/04/2000
satisfied	Philip Abraham Went and Another as Trustees for the Went Superannuation Fund	Bond & floating charge	1 property	07/05/1998	10/10/2002
satisfied	Lloyds Banking Group The Royal Bank of Scotland PLC	Bond & floating charge	1 property	16/04/1998	24/04/2017

Recent filings (143 total)

gazette-dissolved-voluntary

gazette · GAZ2(A)

2025-02-18

dissolution-voluntary-strike-off-suspended

dissolution · SOAS(A)

2024-09-24

gazette-notice-voluntary

gazette · GAZ1(A)

2024-09-17

dissolution-application-strike-off-company

dissolution · DS01

2024-09-09

dissolution-withdrawal-application-strike-off-company

dissolution · DS02

2024-09-06

dissolution-voluntary-strike-off-suspended

dissolution · SOAS(A)

2024-05-14

gazette-notice-voluntary

gazette · GAZ1(A)

2024-04-16

dissolution-application-strike-off-company

dissolution · DS01

2024-04-05

confirmation-statement-with-no-updates

confirmation-statement · CS01

2024-03-07

confirmation-statement-with-no-updates

confirmation-statement · CS01

2024-03-04

accounts-with-accounts-type-dormant

accounts · AA

2023-09-26

appoint-person-director-company-with-name-date

officers · AP01

2023-06-07

termination-director-company-with-name-termination-date

officers · TM01

2023-06-07

confirmation-statement-with-no-updates

confirmation-statement · CS01

2023-03-06

mortgage-satisfy-charge-full

mortgage · MR04

2022-09-28