SEA BED SYSTEMS LIMITED

⚰️Wound downdissolved
SC218765 · ltd · incorporated 2001-05-02
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
63/100
Worth a look
🔔
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What this business does
Primary activity: Construction of other civil engineering projects n.e.c.
Sector: Construction
Investor take
Pass (distressed without resilience)
Distressed unclear — structural issues outweigh the discount.

Opportunity 63/100 (worth a look), bankability 70/100. Strong seller-intent signal (78/100, director aged 84). 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).

Data confidence

Overall: medium (55/100)

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
Confirmed no charges registered
85
Directors & officers
11 officers (2 active, 11 linked, 4 with DOB)
77
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
66 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
63/100Worth 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
90
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 (44 events)Click to expand
  1. 2019-10-15
    📄
    gazette-dissolved-voluntary
    gazette · GAZ2(A)
  2. 2019-10-15
    🏁
    Company dissolved
  3. 2019-07-30
    📄
    gazette-notice-voluntary
    gazette · GAZ1(A)
  4. 2019-07-22
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2019-07-19
    📄
    dissolution-application-strike-off-company
    dissolution · DS01
  6. 2018-05-09
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2017-07-13
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2016-09-06
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  9. 2016-05-16
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  10. 2015-05-12
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  11. 2015-02-09
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  12. 2014-09-17
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  13. 2014-05-18
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  14. 2013-05-16
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2013-05-09
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  16. 2013-05-09
    📄
    change-person-director-company-with-change-date
    officers · CH01
  17. 2012-09-11
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  18. 2012-05-10
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  19. 2011-05-17
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  20. 2011-05-11
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  21. 2010-08-24
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  22. 2010-05-11
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  23. 2009-07-08
    📄
    legacy
    officers · 288b
  24. 2009-05-15
    ➖
    MAXWELL, Joseph resigned
    director
  25. 2008-04-22
    ➕
    FISHER, Cherie Tennant appointed
    secretary
  26. 2008-04-22
    ➖
    BAXTER, William resigned
    secretary
  27. 2007-05-17
    ➖
    BAIRD, Basil resigned
    secretary
  28. 2007-05-17
    ➕
    BAXTER, William appointed
    secretary
  29. 2007-04-01
    ➖
    GEDLING, Lee Wetherington resigned
    director
  30. 2004-03-23
    ➖
    MALLINSON, Gary Anthony resigned
    director
  31. 2001-11-13
    ➕
    BAIRD, Basil appointed
    secretary
  32. 2001-11-13
    ➖
    MAXWELL, Martha Heather resigned
    secretary
  33. 2001-07-29
    ➕
    BAXTER, William appointed
    director
  34. 2001-07-09
    ➕
    MAXWELL, Martha Heather appointed
    secretary
  35. 2001-07-09
    ➖
    HMS SECRETARIES LIMITED resigned
    corporate-nominee-secretary
  36. 2001-07-09
    ➕
    GEDLING, Lee Wetherington appointed
    director
  37. 2001-07-09
    ➕
    MALLINSON, Gary Anthony appointed
    director
  38. 2001-07-09
    ➕
    MAXWELL, Joseph appointed
    director
  39. 2001-07-09
    ➖
    HMS DIRECTORS LIMITED resigned
    corporate-nominee-director
  40. 2001-07-09
    ➖
    HMS SECRETARIES LIMITED resigned
    corporate-nominee-director
  41. 2001-05-02
    🏢
    Company incorporated
    As SEA BED SYSTEMS LIMITED
  42. 2001-05-02
    ➕
    HMS SECRETARIES LIMITED appointed
    corporate-nominee-secretary
  43. 2001-05-02
    ➕
    HMS DIRECTORS LIMITED appointed
    corporate-nominee-director
  44. 2001-05-02
    ➕
    HMS SECRETARIES LIMITED appointed
    corporate-nominee-director

Owner dependency

100/100
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.
  • +Long-tenure founder: Senior director has been in place 25 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 84 — succession pressure is live.

Succession & seller-readiness

100/100
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 84 years old. Natural succession window is now.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • primary20+ year tenure: Director in role 25 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 25 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 2019-10-15

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mrs Cherie Tennant Fisher
Individual · British · DOB 10/1968 · age 58
25–50%
—25-50% shares01/05/2017

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 →

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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
Incorporated2001-05-02
Jurisdictionscotland
Primary SIC42990 — Construction of other civil engineering projects n.e.c.

Registered office

The Ca'D'Oro
45 Gordon Street
Glasgow
G1 3PE

Filing status

Accounts
Next due: —
Last made up to: 2018-12-31
Confirmation statement
Next due: —
Last: —

Officers (0 active · 9 resigned)

FISHER, Cherie Tennant→
secretary · appointed 2008-04-22
View their other companies + combined net worth →
Active
BAXTER, William→
director · ~84y · appointed 2001-07-29
View their other companies + combined net worth →
Active
BAIRD, Basil→
secretary · appointed 2001-11-13 · resigned 2007-05-17
Resigned
BAXTER, William→
secretary · appointed 2007-05-17 · resigned 2008-04-22
Resigned
MAXWELL, Martha Heather→
secretary · appointed 2001-07-09 · resigned 2001-11-13
Resigned
HMS SECRETARIES LIMITED→
corporate-nominee-secretary · appointed 2001-05-02 · resigned 2001-07-09
Resigned
GEDLING, Lee Wetherington→
director · ~59y · appointed 2001-07-09 · resigned 2007-04-01
Resigned
MALLINSON, Gary Anthony→
director · ~50y · appointed 2001-07-09 · resigned 2004-03-23
Resigned
MAXWELL, Joseph→
director · ~77y · appointed 2001-07-09 · resigned 2009-05-15
Resigned
HMS DIRECTORS LIMITED→
corporate-nominee-director · appointed 2001-05-02 · resigned 2001-07-09
Resigned
HMS SECRETARIES LIMITED→
corporate-nominee-director · appointed 2001-05-02 · resigned 2001-07-09
Resigned

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

Recent filings (66 total)

gazette-dissolved-voluntary
gazette · GAZ2(A)
2019-10-15
gazette-notice-voluntary
gazette · GAZ1(A)
2019-07-30
accounts-with-accounts-type-micro-entity
accounts · AA
2019-07-22
dissolution-application-strike-off-company
dissolution · DS01
2019-07-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-05-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-05-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2018-05-03
accounts-with-accounts-type-micro-entity
accounts · AA
2017-07-13
confirmation-statement-with-updates
confirmation-statement · CS01
2017-05-17
accounts-with-accounts-type-total-exemption-small
accounts · AA
2016-09-06
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2016-05-16
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2015-05-12
accounts-with-accounts-type-total-exemption-small
accounts · AA
2015-02-09
accounts-with-accounts-type-total-exemption-small
accounts · AA
2014-09-17
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2014-05-18