INDEPENDENT INSURANCE BROKERS LIMITED

⚰️Wound downdissolved
SC192228 · ltd · incorporated 1998-12-29
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 26.2y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
62/100
Worth a look
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What this business does
Primary activity: Non-life insurance
Sector: Financial & insurance
Investor take
Pass (distressed without resilience)
Distressed unclear — structural issues outweigh the discount.

Opportunity 62/100 (worth a look), bankability 80/100. 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: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

1 live charge · oldest 26.2y

85/100
ready

Refinance conversation should be productive — structure clean and timing right.

  • · Oldest live charge is 26.2 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 15/100 — clean.

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
11 officers (2 active, 11 linked, 6 with DOB)
81
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
7 connected companies via shared directors
66
Filing history
74 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
62/100Worth 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
70
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 (49 events)Click to expand
  1. 2016-11-29
    📄
    gazette-dissolved-voluntary
    gazette · GAZ2(A)
  2. 2016-11-29
    🏁
    Company dissolved
  3. 2016-09-13
    📄
    gazette-notice-voluntary
    gazette · GAZ1(A)
  4. 2016-09-02
    📄
    dissolution-application-strike-off-company
    dissolution · DS01
  5. 2015-12-31
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  6. 2015-10-08
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  7. 2015-02-26
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  8. 2015-01-30
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  9. 2015-01-30
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  10. 2015-01-26
    ➕
    PIKE, Matthew William appointed
    director
  11. 2015-01-26
    ➖
    MUGGE, Mark Stephen resigned
    director
  12. 2015-01-13
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  13. 2015-01-06
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  14. 2014-04-24
    📄
    appoint-person-secretary-company-with-name
    officers · AP03
  15. 2014-04-24
    📄
    appoint-person-director-company-with-name
    officers · AP01
  16. 2014-04-24
    📄
    termination-director-company-with-name
    officers · TM01
  17. 2014-04-24
    📄
    termination-secretary-company-with-name
    officers · TM02
  18. 2014-04-01
    ➕
    WADE, Jarlath Delphene appointed
    secretary
  19. 2014-04-01
    ➖
    BENEV, Stefan Benkov resigned
    secretary
  20. 2014-04-01
    ➖
    HODSON, Richard Phillip resigned
    director
  21. 2014-04-01
    ➕
    MUGGE, Mark Stephen appointed
    director
  22. 2014-02-24
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  23. 2014-01-07
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  24. 2013-01-21
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  25. 2013-01-09
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  26. 2012-01-06
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  27. 2011-12-19
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  28. 2011-09-01
    📄
    termination-director-company-with-name
    officers · TM01
  29. 2011-08-31
    ➖
    SHAW, Simon Andrew resigned
    director
  30. 2011-02-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  31. 2011-01-10
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  32. 2010-01-12
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  33. 2009-12-08
    📄
    accounts-with-accounts-type-full
    accounts · AA
  34. 2008-05-07
    ➕
    BENEV, Stefan Benkov appointed
    secretary
  35. 2008-05-07
    ➖
    HAY, Iain Charles resigned
    secretary
  36. 2008-05-07
    ➖
    CHRISTIE, Thomas David resigned
    director
  37. 2008-05-07
    ➖
    HAY, Iain Charles resigned
    director
  38. 2008-05-07
    ➕
    HODSON, Richard Phillip appointed
    director
  39. 2008-05-07
    ➕
    SHAW, Simon Andrew appointed
    director
  40. 2008-04-02
    🔓
    Charge satisfied #1
  41. 2000-02-09
    🔒
    Charge registered #1
    Lender: Clydesdale Bank Public Limited Company
  42. 2000-01-07
    ➖
    PF & S (SECRETARIES) LIMITED resigned
    corporate-nominee-secretary
  43. 2000-01-07
    ➖
    PF & S (DIRECTORS) LIMITED resigned
    corporate-nominee-director
  44. 1999-04-08
    ➕
    HAY, Iain Charles appointed
    secretary
  45. 1999-04-08
    ➕
    CHRISTIE, Thomas David appointed
    director
  46. 1999-04-08
    ➕
    HAY, Iain Charles appointed
    director
  47. 1998-12-29
    🏢
    Company incorporated
    As INDEPENDENT INSURANCE BROKERS LIMITED
  48. 1998-12-29
    ➕
    PF & S (SECRETARIES) LIMITED appointed
    corporate-nominee-secretary
  49. 1998-12-29
    ➕
    PF & S (DIRECTORS) LIMITED appointed
    corporate-nominee-director

Owner dependency

83/100
Critical — business is the founder

The 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.
  • +Senior director age: Director aged approximately 62 — approaching natural succession window.

Succession & seller-readiness

70/100
Strong succession signal

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

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 62. Early succession window.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • 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

1 high ·
Company dissolved
high

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

Evidence: Dissolved on 2016-11-29

🔒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
Incorporated1998-12-29
Jurisdictionscotland
Primary SIC65120 — Non-life insurance

Registered office

Ground Floor 3 Atlantic Quay
20 York Street
Glasgow
G2 8AE

Filing status

Accounts
Next due: —
Last made up to: 2014-12-31
Confirmation statement
Next due: —
Last: —

Officers (0 active · 9 resigned)

WADE, Jarlath Delphene→
secretary · appointed 2014-04-01
View their other companies + combined net worth →
Active
PIKE, Matthew William→
director · ~62y · appointed 2015-01-26
View their other companies + combined net worth →
Active
BENEV, Stefan Benkov→
secretary · appointed 2008-05-07 · resigned 2014-04-01
Resigned
HAY, Iain Charles→
secretary · appointed 1999-04-08 · resigned 2008-05-07
Resigned
PF & S (SECRETARIES) LIMITED→
corporate-nominee-secretary · appointed 1998-12-29 · resigned 2000-01-07
Resigned
CHRISTIE, Thomas David→
director · ~69y · appointed 1999-04-08 · resigned 2008-05-07
Resigned
HAY, Iain Charles→
director · ~73y · appointed 1999-04-08 · resigned 2008-05-07
Resigned
HODSON, Richard Phillip→
director · ~75y · appointed 2008-05-07 · resigned 2014-04-01
Resigned
MUGGE, Mark Stephen→
director · ~57y · appointed 2014-04-01 · resigned 2015-01-26
Resigned
SHAW, Simon Andrew→
director · ~59y · appointed 2008-05-07 · resigned 2011-08-31
Resigned
PF & S (DIRECTORS) LIMITED→
corporate-nominee-director · appointed 1998-12-29 · resigned 2000-01-07
Resigned

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

Mortgages & charges

1
Total charges
0
Outstanding
0
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
satisfied
Virgin Money
Clydesdale Bank Public Limited Company
Floating charge1 property09/02/200002/04/2008

Recent filings (74 total)

gazette-dissolved-voluntary
gazette · GAZ2(A)
2016-11-29
gazette-notice-voluntary
gazette · GAZ1(A)
2016-09-13
dissolution-application-strike-off-company
dissolution · DS01
2016-09-02
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2015-12-31
accounts-with-accounts-type-dormant
accounts · AA
2015-10-08
accounts-with-accounts-type-dormant
accounts · AA
2015-02-26
termination-director-company-with-name-termination-date
officers · TM01
2015-01-30
appoint-person-director-company-with-name-date
officers · AP01
2015-01-30
change-account-reference-date-company-previous-shortened
accounts · AA01
2015-01-13
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2015-01-06
appoint-person-secretary-company-with-name
officers · AP03
2014-04-24
appoint-person-director-company-with-name
officers · AP01
2014-04-24
termination-director-company-with-name
officers · TM01
2014-04-24
termination-secretary-company-with-name
officers · TM02
2014-04-24
accounts-with-accounts-type-dormant
accounts · AA
2014-02-24