THE LANGHOLM INITIATIVE

⚰️Wound downconverted-closed

SC197326 · converted-or-closed · incorporated 1999-06-17

Investment thesis

Company converted closed — not a live target.

Why interesting: Historical record only; useful for precedent research.

Why risky: Not transactable.

Why now

Window steady · low confidence

Stable recent picture — watch for any upcoming trigger event.

What changed my view

Last 30 days

No material changes in the last 30 days.

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

59/100

Worth a look

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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 59/100 (worth a look), bankability 50/100. High owner-dependency — earn-out structure likely required for clean transition. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: share sale to pe / searcher (45/100).

Data confidence

Overall: low (49/100)

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

Lenders & charges

Confirmed no charges registered

Directors & officers

38 officers (11 active, 38 linked, 34 with DOB)

Ownership & PSC

No PSCs filed (unusual — worth investigating)

Director network

4 connected companies via shared directors

Filing history

121 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

59/100Worth 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

Strong succession / seller-readiness signals.

Risk profile

Some moderate concerns — review flags.

Signal strength

Good data coverage for analysis.

Recent activity

Last 30 days

filings

Last 90 days

filings

Last 180 days

filings

Counts from Companies House filing history.

Corporate timeline (89 events)Click to expand

2020-06-03
📄
resolution
resolution · RESOLUTIONS
2020-06-03
🏁
Company dissolved
2020-01-15
📄
resolution
resolution · RESOLUTIONS
2019-10-15
➕
STUART, Sarah Frances appointed
secretary
2019-10-15
➕
BORTHWICK, David Gordon appointed
director
2019-10-15
➖
HILL, Kenneth Macqueen resigned
secretary
2019-10-15
📄
appoint-person-secretary-company-with-name-date
officers · AP03
2019-10-15
📄
appoint-person-director-company-with-name-date
officers · AP01
2019-10-15
📄
termination-secretary-company-with-name-termination-date
officers · TM02
2019-09-18
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-07-22
➕
STUART, Sarah Frances appointed
director
2019-07-22
📄
appoint-person-director-company-with-name-date
officers · AP01
2019-02-28
📄
appoint-person-director-company-with-name-date
officers · AP01
2019-02-28
📄
appoint-person-director-company-with-name-date
officers · AP01
2019-02-21
📄
termination-director-company-with-name-termination-date
officers · TM01
2019-02-20
➕
HOLLYWOOD, George appointed
director
2019-02-20
➕
SCOTT, James Campbell appointed
director
2019-02-09
➖
GRAHAM, Gavin John resigned
director
2018-09-25
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-01-03
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2017-11-16
📄
appoint-person-director-company-with-name-date
officers · AP01
2017-11-14
➕
HANRAHAN, John Anthony Peter appointed
director
2017-11-06
➕
BLOOMER, Eileann Margaret appointed
director
2017-11-06
📄
appoint-person-director-company-with-name-date
officers · AP01
2017-09-28
📄
appoint-person-director-company-with-name-date
officers · AP01
2017-09-27
📄
appoint-person-director-company-with-name-date
officers · AP01
2017-09-21
➕
LACEY, Eric Daniel appointed
director
2017-09-21
➕
GRAHAM, Gavin John appointed
director
2017-09-05
➕
MALE, Denis Raymond appointed
director
2017-09-05
📄
appoint-person-director-company-with-name-date
officers · AP01
2017-09-04
➖
ARMSTRONG-MILLAR, Thomas resigned
director
2017-09-04
➖
EXTON, Sarah May resigned
director
2017-09-04
📄
termination-director-company-with-name-termination-date
officers · TM01
2017-09-04
📄
termination-director-company-with-name-termination-date
officers · TM01
2017-07-07
📄
notification-of-a-person-with-significant-control-statement
persons-with-significant-control · PSC08
2017-05-10
➖
LACEY, Eric Daniel resigned
director
2017-05-10
📄
termination-director-company-with-name-termination-date
officers · TM01
2017-04-18
➖
YARROW, David resigned
director
2017-04-18
📄
termination-director-company-with-name-termination-date
officers · TM01
2016-11-18
➕
EXTON, Sarah May appointed
director
2015-06-24
➖
BADHAM, Diane resigned
director
2014-08-14
➕
ARMSTRONG-MILLAR, Thomas appointed
director
2014-08-14
➕
LACEY, Eric Daniel appointed
director
2014-08-13
➖
FREW, Bill resigned
director
2014-08-13
➖
GRAHAM, Gavin John resigned
director
2014-02-10
➖
WILLIAMS, Alan Roy resigned
director
2013-01-25
➕
BADHAM, Diane appointed
director
2013-01-25
➕
FREW, Bill appointed
director
2012-10-02
➖
IRVING, Susan Ann resigned
director
2011-03-14
➕
MURRAY, Stella Anne appointed
director

Showing most recent 50 of 89 events

Owner dependency

65/100

High — earn-out structure required

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

FACTORS

-10 active directors: Broader management team in place — suggests transferable governance.
+Long-tenure founder: Senior director has been in place 15 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 86 — succession pressure is live.

Succession & seller-readiness

78/100

Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS

primaryFounder aged 70+: Senior director is approximately 86 years old. Natural succession window is now.
secondary12+ year tenure: Director in role 15 years.
secondaryStable-but-static management: Company is 27 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

1 high ·

Accounts overdue

high

Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.

Evidence: Next due: 2020-12-31

🔒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 · Trade services · DG postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
HARDIE HOLDINGS LIMITED→ SC222639 · est 2001	£2.62M £1.96M–£3.27M	—	—	2	24y	82	66y
D R W LTD.→ SC278769 · est 2005	—	—	£91.7k	—	21y	83	71y
STRANRAER MILLENNIUM CENTRE COMMUNITY TRUST→ SC189780 · est 1998	—	—	—	700	27y	83	80y
THE ESKDALE FOUNDATION→ SC164538 · est 1996 · no financials extracted	—	—	—	—	30y	83	91y
BURNFOOT FARMS→ SC387583 · est 2010 · no financials extracted	—	—	—	—	15y	82	74y
CHARLES PAISLEY & SONS LIMITED→ SC273942 · est 2004	—	—	£432.7k	—	21y	82	63y
LESLEY GREENLEES LIMITED→ SC386519 · est 2010	—	—	£244.9k	—	15y	82	83y
ROUCAN LOCH CREMATORIUM COMPANY LIMITED→ SC252072 · est 2003	—	—	—	900	23y	82	65y
ALARM SYSTEMS LIMITED→ SC168495 · est 1996	—	—	£1.05M	—	29y	81	79y
DOODLE TRUST→ SC371597 · est 2010	—	—	£192.5k	—	16y	81	73y
KIRKCUDBRIGHT 2000 LIMITED→ SC203223 · est 2000 · no financials extracted	—	—	—	—	26y	81	83y
LINCLUDEN AFTER SCHOOL GROUP→ SC181922 · est 1998 · no financials extracted	—	—	—	—	28y	81	64y

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.

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Company details

Statusconverted-closed

Typeconverted-or-closed

Incorporated1999-06-17

Jurisdictionscotland

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

Registered office

Buccleuch Mill

Glenesk Road

Langholm

Dumfriesshire

DG13 0ES

Filing status

Accounts

Next due: 2020-12-31OVERDUE

Last made up to: 2019-03-31

Confirmation statement

Next due: —

Last: —