FSL REALISATIONS LIMITED
⚰️Wound downdissolved
SC187252 · ltd · incorporated 1998-07-01
Investment thesis
Company dissolved — not a live target.
Why interesting: Historical record only; useful for precedent research.
Why risky: Not transactable.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
- · Oldest live charge 20.4y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
64/100
Worth a look
What this business does
Primary activity: SIC 5212
Sector: Transportation & storage
Investor take
Pass (distressed without resilience)Distressed unclear — structural issues outweigh the discount.
Opportunity 64/100 (worth a look), bankability 75/100. Strong seller-intent signal (78/100, director aged 65). 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: share sale to pe / searcher (73/100).
🏦
Refinance opportunity
1 live charge · oldest 20.4y
65/100
clean up first
Refinance viable after a tidy-up — address the highlighted items first.
- · Oldest live charge is 20.4 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Legal-friction score 25/100 — workable, but lender will want more DD.
Data confidence
Overall: low (50/100)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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
5 officers (2 active, 5 linked, 2 with DOB)
78
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
10 connected companies via shared directors
75
Filing history
48 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
80
Strong succession / seller-readiness signals.
Risk profile
67
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 (36 events)Click to expand
- 2014-04-25📄gazette-dissolved-compulsorygazette · GAZ2
- 2014-04-25🏁Company dissolved
- 2014-01-03📄gazette-notice-voluntarygazette · GAZ1(A)
- 2013-04-16📄dissolved-compulsory-strike-off-suspendeddissolution · DISS16(SOAS)
- 2013-03-15📄gazette-notice-compulsorygazette · GAZ1
- 2012-09-06📄dissolved-compulsory-strike-off-suspendeddissolution · DISS16(SOAS)
- 2012-07-27📄gazette-notice-compulsorygazette · GAZ1
- 2011-09-13📄termination-director-company-with-name-termination-dateofficers · TM01
- 2011-09-01➖SPANNER, Richard Timothy resigneddirector
- 2011-08-19✏️certificate-change-of-name-companychange-of-name · CERTNM
- 2011-08-19📄resolutionresolution · RESOLUTIONS
- 2011-06-23📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2010-07-07📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2010-07-07📄change-person-director-company-with-change-dateofficers · CH01
- 2010-06-01📄accounts-with-accounts-type-fullaccounts · AA
- 2009-07-17📄legacyannual-return · 363a
- 2009-06-01📄accounts-with-accounts-type-fullaccounts · AA
- 2008-07-10📄legacyannual-return · 363a
- 2008-05-08📄accounts-with-accounts-type-fullaccounts · AA
- 2007-11-29📄miscellaneousmiscellaneous · MISC
- 2007-07-02📄legacyannual-return · 363a
- 2007-06-04📄accounts-with-accounts-type-fullaccounts · AA
- 2006-06-12📄legacyannual-return · 363a
- 2006-06-09📍legacyaddress · 287
- 2006-06-01📄accounts-with-accounts-type-fullaccounts · AA
- 2005-12-12📄legacycapital · 155(6)a
- 2005-12-07📄legacymortgage · 410(Scot)
- 2005-11-25🔒Charge registered #1Lender: Clydesdale Bank Public Limited Company
- 2003-11-06➕WAUGH, Kenneth Mcdougall appointedsecretary
- 2003-11-06➖HBJ SECRETARIAL LIMITED resignedcorporate-nominee-secretary
- 2003-11-06➕SPANNER, Richard Timothy appointeddirector
- 1998-07-24➕WAUGH, Kenneth Mcdougall appointeddirector
- 1998-07-24➖HENDERSON BOYD JACKSON LIMITED resignedcorporate-nominee-director
- 1998-07-01🏢Company incorporatedAs FSL REALISATIONS LIMITED
- 1998-07-01➕HBJ SECRETARIAL LIMITED appointedcorporate-nominee-secretary
- 1998-07-01➕HENDERSON BOYD JACKSON LIMITED appointedcorporate-nominee-director
Owner dependency
100/100
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.
- +Long-tenure founder: Senior director has been in place 28 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 65 — succession pressure is live.
Succession & seller-readiness
95/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 63+: Senior director is approximately 65. Approaching typical UK retirement age — succession thinking likely.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- 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
highCompany has been dissolved — it no longer legally exists. Any diligence here is historical only.
Evidence: Dissolved on 2014-04-25
🔒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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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
9 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
Incorporated1998-07-01
Jurisdictionscotland
Primary SIC5212 — SIC 5212
Registered office
C/O David Johnson & Co Llp
14 Stafford Street
Edinburgh
Midlothian
EH3 7AU
Filing status
Accounts
Next due: —
Last made up to: 2009-07-31
Confirmation statement
Next due: —
Last: —
Officers (0 active · 3 resigned)
WAUGH, Kenneth Mcdougall→
Activesecretary · appointed 2003-11-06
View their other companies + combined net worth →
WAUGH, Kenneth Mcdougall→
Activedirector · ~65y · appointed 1998-07-24
View their other companies + combined net worth →
HBJ SECRETARIAL LIMITED→
Resignedcorporate-nominee-secretary · appointed 1998-07-01 · resigned 2003-11-06
SPANNER, Richard Timothy→
Resigneddirector · ~65y · appointed 2003-11-06 · resigned 2011-09-01
HENDERSON BOYD JACKSON LIMITED→
Resignedcorporate-nominee-director · appointed 1998-07-01 · resigned 1998-07-24
Click a director name to see their full track record across all companies.
Mortgages & charges
1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Virgin Money Clydesdale Bank Public Limited Company | Floating charge | 1 property | 25/11/2005 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (48 total)
gazette-dissolved-compulsory
gazette · GAZ2
2014-04-25
gazette-notice-voluntary
gazette · GAZ1(A)
2014-01-03
dissolved-compulsory-strike-off-suspended
dissolution · DISS16(SOAS)
2013-04-16
gazette-notice-compulsory
gazette · GAZ1
2013-03-15
dissolved-compulsory-strike-off-suspended
dissolution · DISS16(SOAS)
2012-09-06
gazette-notice-compulsory
gazette · GAZ1
2012-07-27
termination-director-company-with-name-termination-date
officers · TM01
2011-09-13
certificate-change-of-name-company
change-of-name · CERTNM
2011-08-19
resolution
resolution · RESOLUTIONS
2011-08-19
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2011-06-23
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2010-07-07
change-person-director-company-with-change-date
officers · CH01
2010-07-07
accounts-with-accounts-type-full
accounts · AA
2010-06-01
legacy
annual-return · 363a
2009-07-17
accounts-with-accounts-type-full
accounts · AA
2009-06-01