THE XACT GROUP LIMITED
⚰️Wound downdissolved
SC203416 · ltd · incorporated 2000-01-28
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 24.6y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
45/100
Watch
What this business does
Primary activity: SIC 99999
Sector: Extraterritorial bodies
Investor take
Pass (distressed without resilience)Distressed unclear — structural issues outweigh the discount.
Opportunity 45/100 (watch), bankability 60/100. Asset purchase likely safer than share purchase given structural signals. 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 (43/100). Current lenders should be on monthly review.
🏦
Refinance opportunity
2 live charges · 2 lenders · oldest 24.6y
50/100
clean up first
Refinance viable after a tidy-up — address the highlighted items first.
- · Oldest live charge is 24.6 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Legal-friction score 40/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (60/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Company profile
address, 1 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
18 officers (2 active, 18 linked, 15 with DOB)
87
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
11 connected companies via shared directors
78
Filing history
160 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
45/100Watch
PassWatchWorth a lookStrongExceptional
Not actionable now, but monitor — distressed, succession, or structural changes could flip this into a real opportunity.
Business quality
10
Concerning — overdue filings or status flags present.
Acquirability
50
Some acquirability indicators.
Risk profile
49
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 (62 events)Click to expand
- 2025-01-01⚠️gazette-dissolved-liquidationgazette · GAZ2
- 2025-01-01🏁Company dissolved
- 2024-10-01⚠️liquidation-voluntary-members-return-of-final-meeting-scotlandinsolvency · LIQ13(Scot)
- 2024-01-22📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2023-11-22📍move-registers-to-sail-company-with-new-addressaddress · AD03
- 2023-11-22📍change-sail-address-company-with-new-addressaddress · AD02
- 2023-11-20📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2023-11-17📄resolutionresolution · RESOLUTIONS
- 2023-09-15📄capital-statement-capital-company-with-date-currency-figurecapital · SH19
- 2023-09-15📄legacycapital · SH20
- 2023-09-15⚠️legacyinsolvency · CAP-SS
- 2023-09-15📄resolutionresolution · RESOLUTIONS
- 2023-02-03📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-02-03🔓Charge satisfied #1
- 2022-12-08📄accounts-with-accounts-type-audit-exemption-subsiduaryaccounts · AA
- 2022-12-08📄legacyaccounts · PARENT_ACC
- 2022-12-08📄legacyother · AGREEMENT2
- 2022-12-08📄legacyother · GUARANTEE2
- 2021-10-20📄accounts-with-accounts-type-audit-exemption-subsiduaryaccounts · AA
- 2021-10-20📄legacyaccounts · PARENT_ACC
- 2021-10-20📄legacyother · AGREEMENT2
- 2021-10-20📄legacyother · GUARANTEE2
- 2021-05-26📄termination-director-company-with-name-termination-dateofficers · TM01
- 2021-03-31➖HAMMOND, Christopher Maurice resigneddirector
- 2020-07-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-01-06➕MORRIS, Christopher Paul appointeddirector
- 2020-01-06➕WANN, Eloise appointeddirector
- 2020-01-06➖HARKNESS, Duncan John resignedsecretary
- 2020-01-06➕HAMMOND, Christopher Maurice appointeddirector
- 2020-01-06➖HAMMOND, Maurice resigneddirector
- 2020-01-06➖HARKNESS, Duncan John resigneddirector
- 2019-04-30➖METH, Ian Stewart resigneddirector
- 2016-07-22🔓Charge satisfied #2
- 2015-04-10➖HARGRAVE, John Andrew, Mr. resigneddirector
- 2015-04-10➖LAWLOR, William resigneddirector
- 2007-11-26➕METH, Ian Stewart appointeddirector
- 2006-02-01➕HARGRAVE, John Andrew, Mr. appointeddirector
- 2006-01-31➖JOHNSTONE, Ian James resigneddirector
- 2004-12-23➖WALLACE, James, Dr resigneddirector
- 2003-11-28➖BLACKLEY, Thomas Allan resignedsecretary
- 2003-11-28➕HARKNESS, Duncan John appointedsecretary
- 2003-11-28➖BLACKLEY, Thomas Allan resigneddirector
- 2003-11-28➕HARKNESS, Duncan John appointeddirector
- 2003-11-28➕LAWLOR, William appointeddirector
- 2003-11-28➖MAGUIRE, Kenneth resigneddirector
- 2003-11-28➖TAYLOR, Philip resigneddirector
- 2003-11-28➕WALLACE, James, Dr appointeddirector
- 2003-07-15🔒Charge registered #2Lender: North Lanarkshire Council
- 2002-10-18➕HAMMOND, Maurice appointeddirector
- 2002-10-18➕JOHNSTONE, Ian James appointeddirector
Showing most recent 50 of 62 events
Owner dependency
58/100
Moderate — manageable with handoverSome founder dependency, but not acute. A structured handover period should cover most risk.
FACTORS
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
Succession & seller-readiness
46/100
Moderate signalSome succession indicators present. Worth watching; approach if sector/strategy fits.
SIGNALS
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- secondaryStable-but-static management: Company is 26 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
2 high ·Company dissolved
highCompany has been dissolved — it no longer legally exists. Any diligence here is historical only.
Evidence: Dissolved on 2025-01-01
3 insolvency-related filings on record
highFilings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2025-01-01: gazette-dissolved-liquidation; 2024-10-01: liquidation-voluntary-members-return-of-final-meeting-scotland
Group structure
Citation Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Citation Limited
Corporate parent · holds 75-100% shares · board control
⬇
THE XACT GROUP LIMITED
This company · SC203416
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 |
|---|---|---|---|---|
Citation Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 06/01/2020 |
2 historic (ceased) PSCs
- Mr Duncan John Harknessceased 06/01/2020· 25-50% shares · 25-50% voting
- Mr Maurice Hammondceased 06/01/2020· 25-50% shares · 25-50% voting
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
Active · Other · EH postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| ANAF II EURO TREASURY LP→ SL030317 · est 2017 · no financials extracted | — | — | — | — | 9y | — | — |
| ANARCO STRUCTURE LP→ SL022677 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
| ANCALA ESSENTIAL GROWTH INFRASTRUCTURE FP LP→ SL036260 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| ANCHOR STARK LP→ SL035888 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| ANCIENT ORIGINS L.P.→ SL033433 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| ANCIENT-HOLLY LP→ SL003939 · est 2000 · no financials extracted | — | — | — | — | 25y | — | — |
| ANDREA CORPORATION L.P.→ SL009565 · est 2011 · no financials extracted | — | — | — | — | 14y | — | — |
| ANGELO EUROPEAN ENTERPRISES L.P.→ SL014017 · est 2013 · no financials extracted | — | — | — | — | 12y | — | — |
| ANGLO PROJECTS L.P.→ SL008856 · est 2011 · no financials extracted | — | — | — | — | 14y | — | — |
| ANGUS CORPORATION L.P.→ SL007622 · est 2010 · no financials extracted | — | — | — | — | 16y | — | — |
| ANHUI HONGLING MECHANICAL AND ELECTRICAL METER (GROUP) CORPORATE LTD.→ SF001001 · est 2007 · no financials extracted | — | — | — | — | 19y | — | — |
| ANI CORPORATE LP→ SL031263 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
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
Incorporated2000-01-28
Jurisdictionscotland
Primary SIC99999 — SIC 99999
Registered office
C/O TENEO FINANCIAL ADVISORY LIMITED
3rd Floor 66 Hanover Street
Edinburgh
EH2 1EL
Filing status
Accounts
Next due: —
Last made up to: 2021-12-31
Confirmation statement
Next due: —
Last: 2023-01-28
Officers (0 active · 16 resigned)
MORRIS, Christopher Paul→
Activedirector · ~54y · appointed 2020-01-06
View their other companies + combined net worth →
WANN, Eloise→
Activedirector · ~49y · appointed 2020-01-06
View their other companies + combined net worth →
BLACKLEY, Thomas Allan→
Resignedsecretary · appointed 2000-01-28 · resigned 2003-11-28
HARKNESS, Duncan John→
Resignedsecretary · appointed 2003-11-28 · resigned 2020-01-06
OSWALDS OF EDINBURGH LIMITED→
Resignedcorporate-nominee-secretary · appointed 2000-01-28 · resigned 2000-01-28
BLACKLEY, Thomas Allan→
Resigneddirector · ~78y · appointed 2000-01-28 · resigned 2003-11-28
HAMMOND, Christopher Maurice→
Resigneddirector · ~40y · appointed 2020-01-06 · resigned 2021-03-31
HAMMOND, Maurice→
Resigneddirector · ~74y · appointed 2002-10-18 · resigned 2020-01-06
HARGRAVE, John Andrew, Mr.→
Resigneddirector · ~78y · appointed 2006-02-01 · resigned 2015-04-10
HARKNESS, Duncan John→
Resigneddirector · ~75y · appointed 2003-11-28 · resigned 2020-01-06
JOHNSTONE, Ian James→
Resigneddirector · ~64y · appointed 2002-10-18 · resigned 2006-01-31
LAWLOR, William→
Resigneddirector · ~80y · appointed 2003-11-28 · resigned 2015-04-10
MAGUIRE, Kenneth→
Resigneddirector · ~78y · appointed 2001-06-15 · resigned 2003-11-28
METH, Ian Stewart→
Resigneddirector · ~67y · appointed 2007-11-26 · resigned 2019-04-30
SIMPSON, John Thomas→
Resigneddirector · ~60y · appointed 2000-01-28 · resigned 2001-08-01
TAYLOR, Philip→
Resigneddirector · ~80y · appointed 2002-10-18 · resigned 2003-11-28
TAYLOR, Philip→
Resigneddirector · ~80y · appointed 2000-01-28 · resigned 2000-10-30
WALLACE, James, Dr→
Resigneddirector · ~74y · appointed 2003-11-28 · resigned 2004-12-23
Click a director name to see their full track record across all companies.
Mortgages & charges
2
Total charges
0
Outstanding
0
Active lenders
Status:Lender:2 of 2 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | North Lanarkshire Council | Floating charge | 1 property | 15/07/2003 | 22/07/2016 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Bond & floating charge | 1 property | 05/10/2001 | 03/02/2023 |
Recent filings (160 total)
gazette-dissolved-liquidation
gazette · GAZ2
2025-01-01
liquidation-voluntary-members-return-of-final-meeting-scotland
insolvency · LIQ13(Scot)
2024-10-01
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-01-22
move-registers-to-sail-company-with-new-address
address · AD03
2023-11-22
change-sail-address-company-with-new-address
address · AD02
2023-11-22
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-11-20
resolution
resolution · RESOLUTIONS
2023-11-17
capital-statement-capital-company-with-date-currency-figure
capital · SH19
2023-09-15
legacy
capital · SH20
2023-09-15
legacy
insolvency · CAP-SS
2023-09-15
resolution
resolution · RESOLUTIONS
2023-09-15
mortgage-satisfy-charge-full
mortgage · MR04
2023-02-03
confirmation-statement-with-updates
confirmation-statement · CS01
2023-01-31
accounts-with-accounts-type-audit-exemption-subsiduary
accounts · AA
2022-12-08
legacy
accounts · PARENT_ACC
2022-12-08