BRITANNIC UK INCOME TRUST PLC
⚰️Wound downdissolved
SC220328 · plc · incorporated 2001-06-18
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 22.4y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
53/100
Worth a look
What this business does
Primary activity: SIC 6523
Sector: Financial & insurance
Investor take
Pass (distressed without resilience)Distressed unclear — structural issues outweigh the discount.
Opportunity 53/100 (worth a look), bankability 60/100. Strong seller-intent signal (78/100, director aged 76). 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: strategic trade sale (63/100). Current lenders should be on monthly review.
🏦
Refinance opportunity
1 live charge · oldest 22.4y
65/100
clean up first
Refinance viable after a tidy-up — address the highlighted items first.
- · Oldest live charge is 22.4 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Legal-friction score 35/100 — workable, but lender will want more DD.
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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
13 officers (3 active, 13 linked, 8 with DOB)
82
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
11 connected companies via shared directors
78
Filing history
92 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
53/100Worth a look
PassWatchWorth a lookStrongExceptional
Mixed signal. Worth opening the full target workup before deciding to pursue.
Business quality
10
Concerning — overdue filings or status flags present.
Acquirability
80
Strong succession / seller-readiness signals.
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 (52 events)Click to expand
- 2013-02-26⚠️gazette-dissolved-liquidationgazette · GAZ2
- 2013-02-26🏁Company dissolved
- 2012-11-26⚠️liquidation-voluntary-return-of-final-meeting-scotlandinsolvency · 4.26(Scot)
- 2011-09-20📍move-registers-to-sail-companyaddress · AD03
- 2011-09-20📍change-sail-address-companyaddress · AD02
- 2006-09-20📄resolutionresolution · RESOLUTIONS
- 2006-08-23📄legacyofficers · 288b
- 2006-08-23📄legacyofficers · 288b
- 2006-08-23📄legacyofficers · 288b
- 2006-08-23📄legacyofficers · 288b
- 2006-08-11➖CLIFTON, Alan Henry resigneddirector
- 2006-08-11➖GOLDSMITH, Robert Samuel resigneddirector
- 2006-08-11➖MCINTOSH, Leslie Kynoch resigneddirector
- 2006-08-11➖WONG, Kwai Choy resigneddirector
- 2006-07-04📄legacyannual-return · 363a
- 2006-06-02📄legacyofficers · 288c
- 2006-06-02📄legacyofficers · 288c
- 2006-05-10📄accounts-with-made-up-dateaccounts · AA
- 2006-02-24📄accounts-with-accounts-type-groupaccounts · AA
- 2005-07-08📄legacyannual-return · 363a
- 2005-06-13📄legacymortgage · 419a(Scot)
- 2005-06-13🔓Charge satisfied #1
- 2005-06-09📄accounts-with-made-up-dateaccounts · AA
- 2005-06-08📄legacydissolution · 266(3)
- 2005-06-03📄certificate-capital-reduction-share-premiumcapital · CERT19
- 2005-06-03📄court-ordermiscellaneous · OC
- 2005-05-05📄accounts-with-made-up-dateaccounts · AA
- 2005-04-30📄resolutionresolution · RESOLUTIONS
- 2005-04-30📄resolutionresolution · RESOLUTIONS
- 2005-04-30📄resolutionresolution · RESOLUTIONS
- 2005-04-30📄resolutionresolution · RESOLUTIONS
- 2005-03-05➕GOLDSMITH, Robert Samuel appointeddirector
- 2005-03-05➕WONG, Kwai Choy appointeddirector
- 2004-02-06🔒Charge registered #1Lender: Citibank N.A.
- 2001-06-26➕RESOLUTION INVESTMENT SERVICES LIMITED appointedcorporate-secretary
- 2001-06-26➕MACLELLAN, Alexander David appointeddirector
- 2001-06-26➕SOBCZAK, Andrzej Wiktor appointeddirector
- 2001-06-26➖SHANKAR, Samantha resignedsecretary
- 2001-06-26➕CLIFTON, Alan Henry appointeddirector
- 2001-06-26➕MCINTOSH, Leslie Kynoch appointeddirector
- 2001-06-26➖NIGHTINGALE, Alexander John resigneddirector
- 2001-06-26➖PREEN, Michael David resigneddirector
- 2001-06-18🏢Company incorporatedAs BRITANNIC UK INCOME TRUST PLC
- 2001-06-18➕SHANKAR, Samantha appointedsecretary
- 2001-06-18➕BRIAN REID LTD. appointedcorporate-nominee-secretary
- 2001-06-18➖BRIAN REID LTD. resignedcorporate-nominee-secretary
- 2001-06-18➕NIGHTINGALE, Alexander John appointeddirector
- 2001-06-18➕PREEN, Michael David appointeddirector
- 2001-06-18➕BRIAN REID LTD. appointedcorporate-nominee-director
- 2001-06-18➖BRIAN REID LTD. resignedcorporate-nominee-director
Showing most recent 50 of 52 events
Owner dependency
83/100
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
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Long-tenure founder: Senior director has been in place 25 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 76 — succession pressure is live.
Succession & seller-readiness
96/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 76 years old. Natural succession window is now.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- 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
2 high ·Company dissolved
highCompany has been dissolved — it no longer legally exists. Any diligence here is historical only.
Evidence: Dissolved on 2013-02-26
2 insolvency-related filings on record
highFilings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2013-02-26: gazette-dissolved-liquidation; 2012-11-26: liquidation-voluntary-return-of-final-meeting-scotland
🔒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 · Financial services · G postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| @SIPP LIMITED→ SC217126 · est 2001 | £37.09M £26.97M–£47.20M | £10.21M | — | 6200 | 25y | 85 | 62y |
| FORWARD ASSET FINANCE LIMITED→ SC337979 · est 2008 | £1.02M £744.7k–£1.30M | — | — | 500 | 18y | 83 | 64y |
| COMMONWEALTH GAMES (SCOTLAND) ENDOWMENT FUND→ SC301214 · est 2006 | £22.3k £16.2k–£28.3k | — | — | 0 | 20y | 83 | 66y |
| BLAIRSTON ENTERPRISES LIMITED→ SC368750 · est 2009 | — | — | £2.38M | — | 16y | 83 | 72y |
| CALCLUTH & SANGSTER (INSURANCE BROKERS) LIMITED→ SC200273 · est 1999 · no financials extracted | — | — | — | — | 26y | 83 | 59y |
| FEMALE INDEPENDENT LTD.→ SC245607 · est 2003 | — | — | £20.0k | — | 23y | 83 | 66y |
| HARRY SMITH, LIMITED→ SC008622 · est 1913 | — | — | £1.66M | — | 113y | 83 | 58y |
| KELVIN SMITH (INSURANCE BROKERS) LIMITED→ SC301532 · est 2006 | — | — | £3.48M | — | 20y | 83 | 63y |
| MORTGAGE ADVICE BROKERAGE LTD→ SC336489 · est 2008 | — | — | — | 1500 | 18y | 83 | 58y |
| NITRON INVESTMENTS LIMITED→ SC047915 · est 1970 | — | — | £431.4k | — | 55y | 83 | 80y |
| PENTA CAPITAL INVESTMENTS LIMITED→ SC277543 · est 2004 · no financials extracted | — | — | — | — | 21y | 83 | 64y |
| PEOPLESCHAMPION.COM LIMITED→ SC270602 · est 2004 · no financials extracted | — | — | — | — | 21y | 83 | 63y |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
10 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
Typeplc
Incorporated2001-06-18
Jurisdictionscotland
Primary SIC6523 — SIC 6523
Registered office
Britannic Court
50 Bothwell Street
Glasgow
G2 6HR
Filing status
Accounts
Next due: —
Last made up to: —
Confirmation statement
Next due: —
Last: —
Officers (0 active · 10 resigned)
RESOLUTION INVESTMENT SERVICES LIMITED→
Activecorporate-secretary · appointed 2001-06-26
View their other companies + combined net worth →
MACLELLAN, Alexander David→
Activedirector · ~67y · appointed 2001-06-26
View their other companies + combined net worth →
SOBCZAK, Andrzej Wiktor→
Activedirector · ~76y · appointed 2001-06-26
View their other companies + combined net worth →
SHANKAR, Samantha→
Resignedsecretary · appointed 2001-06-18 · resigned 2001-06-26
BRIAN REID LTD.→
Resignedcorporate-nominee-secretary · appointed 2001-06-18 · resigned 2001-06-18
CLIFTON, Alan Henry→
Resigneddirector · ~80y · appointed 2001-06-26 · resigned 2006-08-11
GOLDSMITH, Robert Samuel→
Resigneddirector · ~49y · appointed 2005-03-05 · resigned 2006-08-11
MCINTOSH, Leslie Kynoch→
Resigneddirector · ~72y · appointed 2001-06-26 · resigned 2006-08-11
NIGHTINGALE, Alexander John→
Resigneddirector · ~51y · appointed 2001-06-18 · resigned 2001-06-26
PREEN, Michael David→
Resigneddirector · ~54y · appointed 2001-06-18 · resigned 2001-06-26
WONG, Kwai Choy→
Resigneddirector · ~70y · appointed 2005-03-05 · resigned 2006-08-11
BRIAN REID LTD.→
Resignedcorporate-nominee-director · appointed 2001-06-18 · resigned 2001-06-18
STEPHEN MABBOTT LTD.→
Resignedcorporate-nominee-director · appointed 2001-06-18 · resigned 2001-06-18
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
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Citibank N.A. | Floating charge | 1 property | 06/02/2004 | 13/06/2005 |
Recent filings (92 total)
gazette-dissolved-liquidation
gazette · GAZ2
2013-02-26
liquidation-voluntary-return-of-final-meeting-scotland
insolvency · 4.26(Scot)
2012-11-26
move-registers-to-sail-company
address · AD03
2011-09-20
change-sail-address-company
address · AD02
2011-09-20
resolution
resolution · RESOLUTIONS
2006-09-20
legacy
officers · 288b
2006-08-23
legacy
officers · 288b
2006-08-23
legacy
officers · 288b
2006-08-23
legacy
officers · 288b
2006-08-23
legacy
annual-return · 363a
2006-07-04
legacy
officers · 288c
2006-06-02
legacy
officers · 288c
2006-06-02
accounts-with-made-up-date
accounts · AA
2006-05-10
accounts-with-accounts-type-group
accounts · AA
2006-02-24
legacy
annual-return · 363a
2005-07-08