KILMARTIN PPG (STRAND) LIMITED
⚰️Wound downdissolved
SC192018 · ltd · incorporated 1998-12-17
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: SIC 7011
Sector: Professional, scientific & technical
Investor take
Pass (distressed without resilience)Distressed unclear — structural issues outweigh the discount.
Opportunity 49/100 (watch), bankability 32/100. Strong seller-intent signal (65/100, director aged 64). Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: asset disposal / carve-out (55/100). Current lenders should be on monthly review.
🏦
Refinance opportunity
9 live charges · 4 lenders · oldest 27.0y
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 27.0 years old — likely at or near maturity.
- · 4 lenders named — inter-creditor friction likely.
- · Legal-friction score 55/100 (high).
Data confidence
Overall: low (51/100)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
9 charges (9/9 with lender, 9/9 with type)
90
Directors & officers
11 officers (2 active, 11 linked, 7 with DOB)
83
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
10 connected companies via shared directors
75
Filing history
62 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
0
Concerning — overdue filings or status flags present.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
46
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 (56 events)Click to expand
- 2010-06-11⚠️gazette-dissolved-liquidationgazette · GAZ2
- 2010-06-11🏁Company dissolved
- 2010-04-20📄termination-director-company-with-nameofficers · TM01
- 2010-03-19➖WOTHERSPOON, Robert John resigneddirector
- 2010-03-11⚠️liquidation-voluntary-return-of-final-meeting-scotlandinsolvency · 4.26(Scot)
- 2009-12-08📄termination-director-company-with-nameofficers · TM01
- 2009-12-03➖TUDHOPE, Ian Barclay resigneddirector
- 2009-11-25📄change-person-secretary-company-with-change-dateofficers · CH03
- 2009-11-25📄change-person-director-company-with-change-dateofficers · CH01
- 2009-11-25📄change-person-director-company-with-change-dateofficers · CH01
- 2009-11-25📄change-person-director-company-with-change-dateofficers · CH01
- 2008-12-18📄resolutionresolution · RESOLUTIONS
- 2008-12-15📍legacyaddress · 287
- 2008-04-11📄legacyofficers · 288c
- 2007-12-19📄legacyannual-return · 363a
- 2007-11-29📄accounts-with-accounts-type-fullaccounts · AA
- 2007-02-13📄auditors-resignation-companyauditors · AUD
- 2007-01-18📄legacyannual-return · 363s
- 2006-11-30📄accounts-with-accounts-type-fullaccounts · AA
- 2006-02-10📄legacyofficers · 288c
- 2006-02-07📄legacyannual-return · 363s
- 2005-11-29📄accounts-with-accounts-type-fullaccounts · AA
- 2005-01-18📄legacyannual-return · 363s
- 2004-08-25📄accounts-with-accounts-type-fullaccounts · AA
- 2004-01-13📄legacyannual-return · 363s
- 2003-09-09📄legacyofficers · 288b
- 2003-09-01➖PECK, David Howard resigneddirector
- 2003-06-27📄accounts-with-accounts-type-fullaccounts · AA
- 2003-01-13📄legacyannual-return · 363s
- 2002-05-01➕HORNE, David William Murray appointedsecretary
- 2002-05-01➖TAHIR, Sarah resignedsecretary
- 2000-01-31➕RUDOLPH, David Mark appointeddirector
- 2000-01-31➖MACDONALD, James resigneddirector
- 1999-10-11🔒Charge registered #9Lender: The Governor and Company of the Bank of Scotland
- 1999-10-04🔒Charge registered #8Lender: The Governor and Company of the Bank of Scotland
- 1999-10-04🔒Charge registered #7Lender: The Governor and Company of the Bank of Scotland
- 1999-06-09➕MACDONALD, James appointeddirector
- 1999-06-09➕WOTHERSPOON, Robert John appointeddirector
- 1999-06-09🔒Charge registered #6Lender: Kilmartin Developments Limited
- 1999-06-09🔒Charge registered #5Lender: Kilmartin Properties Limited
- 1999-06-09🔒Charge registered #4Lender: Kilmartin Properties Limited
- 1999-06-09🔒Charge registered #3Lender: Kilmartin Developments Limited
- 1999-06-09🔒Charge registered #2Lender: Ppg (Lothian) Limited
- 1999-06-09🔒Charge registered #1Lender: Ppg (Lothian) Limited
- 1999-05-05➕TAHIR, Sarah appointedsecretary
- 1999-05-05➖TAHIR, Sarah resignedsecretary
- 1999-05-05➕TAHIR, Sarah appointedsecretary
- 1999-05-05➖D.W. COMPANY SERVICES LIMITED resignedcorporate-secretary
- 1999-05-05➖CRAWFORD, Douglas James resigneddirector
- 1999-05-05➕PECK, David Howard appointeddirector
Showing most recent 50 of 56 events
Owner dependency
93/100
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 26 years — deep operational knowledge concentrated in one person.
- +Senior director age: Director aged approximately 64 — approaching natural succession window.
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 64. 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 26 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 27 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
2 high · 1 lowCompany dissolved
highCompany has been dissolved — it no longer legally exists. Any diligence here is historical only.
Evidence: Dissolved on 2010-06-11
2 insolvency-related filings on record
highFilings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2010-06-11: gazette-dissolved-liquidation; 2010-03-11: liquidation-voluntary-return-of-final-meeting-scotland
9 live charges
lowHeavily 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 →Similar companies
Active · Professional services · AB postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| STREAMLINE SHIPPING GROUP LIMITED→ SC131956 · est 1991 | £15.91M £11.73M–£20.10M | — | — | 0 | 35y | 83 | 74y |
| GENERAL OCEANS UK HOLDINGS LTD→ SC308386 · est 2006 | £9.77M £7.20M–£12.34M | — | — | 0 | 19y | 84 | 68y |
| HIGHLAND FUELS HOLDINGS LIMITED→ SC215790 · est 2001 | £9.50M £7.00M–£12.00M | — | — | 300 | 25y | 88 | 62y |
| CRAIGSHANNOCH LIMITED→ SC191743 · est 1998 | £5.90M £4.34M–£7.45M | £2.95M | — | 300 | 27y | 88 | 67y |
| HSB HOLDINGS LIMITED→ SC260511 · est 2003 | £3.58M £2.64M–£4.52M | — | — | 0 | 22y | 84 | 61y |
| T D C PARSONS PEEBLES LIMITED→ SC663297 · est 2020 | £2.76M £2.03M–£3.48M | £11.52M | — | 5100 | 5y | 87 | 77y |
| ROTECH HOLDINGS LIMITED→ SC148822 · est 1994 | £1.97M £1.45M–£2.49M | £453.6k | — | 0 | 32y | 92 | 58y |
| WELLTEC (UK) LTD.→ SC204742 · est 2000 | £134.9k £99.4k–£170.4k | £17.23M | — | 3200 | 26y | 85 | 62y |
| ACCURA MEASUREMENT LIMITED→ SC322109 · est 2007 | — | — | £5.47M | — | 19y | 83 | 60y |
| ALLEN ASSOCIATES (H.P.E.) LIMITED→ SC201596 · est 1999 · no financials extracted | — | — | — | — | 26y | 83 | 59y |
| BOURTREE INVESTMENTS LIMITED→ SC190868 · est 1998 | — | — | — | — | 27y | 83 | 61y |
| CONNECT NDT LIMITED→ SC205224 · est 2000 | — | — | — | — | 26y | 83 | 70y |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
11 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
Incorporated1998-12-17
Jurisdictionscotland
Primary SIC7011 — SIC 7011
Registered office
Bishop's Court
29 Albyn Place
Aberdeen
AB10 1YL
Filing status
Accounts
Next due: —
Last made up to: 2007-01-31
Confirmation statement
Next due: —
Last: —
Officers (0 active · 9 resigned)
HORNE, David William Murray→
Activesecretary · appointed 2002-05-01
View their other companies + combined net worth →
RUDOLPH, David Mark→
Activedirector · ~64y · appointed 2000-01-31
View their other companies + combined net worth →
TAHIR, Sarah→
Resignedsecretary · appointed 1999-05-05 · resigned 1999-05-05
TAHIR, Sarah→
Resignedsecretary · appointed 1999-05-05 · resigned 2002-05-01
D.W. COMPANY SERVICES LIMITED→
Resignedcorporate-secretary · appointed 1998-12-17 · resigned 1999-05-05
CRAWFORD, Douglas James→
Resigneddirector · ~61y · appointed 1998-12-17 · resigned 1999-05-05
MACDONALD, James→
Resigneddirector · ~78y · appointed 1999-06-09 · resigned 2000-01-31
PECK, David Howard→
Resigneddirector · ~61y · appointed 1999-05-05 · resigned 2003-09-01
POLSON, Michael Buchanan→
Resigneddirector · ~62y · appointed 1998-12-17 · resigned 1999-05-05
TUDHOPE, Ian Barclay→
Resigneddirector · ~69y · appointed 1999-05-05 · resigned 2009-12-03
WOTHERSPOON, Robert John→
Resigneddirector · ~68y · appointed 1999-06-09 · resigned 2010-03-19
Click a director name to see their full track record across all companies.
Mortgages & charges
9
Total charges
9
Outstanding
4
Active lenders
Status:Lender:9 of 9 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Floating charge | 3 properties | 11/10/1999 | — | |
| outstanding | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Floating charge | 3 properties | 04/10/1999 | — | |
| outstanding | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Floating charge | 1 property | 04/10/1999 | — | |
| outstanding | Kilmartin Developments Kilmartin Developments Limited | Floating charge | 2 properties | 09/06/1999 | — | |
| outstanding | Kilmartin Properties Kilmartin Properties Limited | Floating charge | 2 properties | 09/06/1999 | — | |
| outstanding | Kilmartin Properties Kilmartin Properties Limited | Floating charge | 1 property | 09/06/1999 | — | |
| outstanding | Kilmartin Developments Kilmartin Developments Limited | Floating charge | 1 property | 09/06/1999 | — | |
| outstanding | Ppg (Lothian) Ppg (Lothian) Limited | Floating charge | 1 property | 09/06/1999 | — | |
| outstanding | Ppg (Lothian) Ppg (Lothian) Limited | Floating charge | 2 properties | 09/06/1999 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (62 total)
gazette-dissolved-liquidation
gazette · GAZ2
2010-06-11
termination-director-company-with-name
officers · TM01
2010-04-20
liquidation-voluntary-return-of-final-meeting-scotland
insolvency · 4.26(Scot)
2010-03-11
termination-director-company-with-name
officers · TM01
2009-12-08
change-person-secretary-company-with-change-date
officers · CH03
2009-11-25
change-person-director-company-with-change-date
officers · CH01
2009-11-25
change-person-director-company-with-change-date
officers · CH01
2009-11-25
change-person-director-company-with-change-date
officers · CH01
2009-11-25
resolution
resolution · RESOLUTIONS
2008-12-18
legacy
address · 287
2008-12-15
legacy
officers · 288c
2008-04-11
legacy
annual-return · 363a
2007-12-19
accounts-with-accounts-type-full
accounts · AA
2007-11-29
auditors-resignation-company
auditors · AUD
2007-02-13
legacy
annual-return · 363s
2007-01-18