MCLELLAN PROGRESSIVE PROOFING (ASSETS) LIMITED
⚰️Wound downdissolved
SC238213 · ltd · incorporated 2002-10-16
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
What this business does
Primary activity: SIC 7487
Sector: Professional, scientific & technical
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 67). 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: low (47/100)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
Confirmed no charges registered
85
Directors & officers
4 officers (2 active, 4 linked, 2 with DOB)
80
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
1 connected companies via shared directors
48
Filing history
16 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 (24 events)Click to expand
- 2010-01-22📄gazette-dissolved-voluntarygazette · GAZ2(A)
- 2010-01-22🏁Company dissolved
- 2009-10-02📄gazette-notice-voluntarygazette · GAZ1(A)
- 2009-09-17📄legacydissolution · 652a
- 2009-09-02📄legacyofficers · 288b
- 2009-09-02📄legacyofficers · 288a
- 2009-08-28➕MCLELLAN, Alexandra appointeddirector
- 2008-03-28➖MCLELLAN, John resigneddirector
- 2007-11-16📄accounts-with-made-up-dateaccounts · AA
- 2007-11-09📄legacyannual-return · 363a
- 2007-02-12📄legacyannual-return · 363a
- 2006-09-28📄accounts-with-made-up-dateaccounts · AA
- 2006-05-16📄legacyannual-return · 363a
- 2005-12-23📄accounts-with-made-up-dateaccounts · AA
- 2004-12-02📄legacyannual-return · 363s
- 2003-12-23📄legacyannual-return · 363s
- 2003-12-23📄accounts-with-made-up-dateaccounts · AA
- 2002-10-16🏢Company incorporatedAs MCLELLAN PROGRESSIVE PROOFING (ASSETS) LIMITED
- 2002-10-16➕MCLELLAN, Alexandra appointedsecretary
- 2002-10-16➕OSWALDS OF EDINBURGH LIMITED appointedcorporate-nominee-secretary
- 2002-10-16➖OSWALDS OF EDINBURGH LIMITED resignedcorporate-nominee-secretary
- 2002-10-16➕MCLELLAN, John appointeddirector
- 2002-10-16📄legacyofficers · 288b
- 2002-10-16📄incorporation-companyincorporation · NEWINC
Owner dependency
100/100
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
- +Sole director: Only one active director — all governance concentrated on one person.
- +Founder name in company name: Company name contains director surname "MCLELLAN" — strong identity link between founder and business.
- +Long-tenure founder: Senior director has been in place 17 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 67 — succession pressure is live.
Succession & seller-readiness
88/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 63+: Senior director is approximately 67. Approaching typical UK retirement age — succession thinking likely.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- secondary12+ year tenure: Director in role 17 years.
- secondaryStable-but-static management: Company is 24 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
highCompany has been dissolved — it no longer legally exists. Any diligence here is historical only.
Evidence: Dissolved on 2010-01-22
🔒Co-director network graph
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
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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
Incorporated2002-10-16
Jurisdictionscotland
Primary SIC7487 — SIC 7487
Registered office
10 Elliot Place
The Clydeway Skypark
Glasgow
G3 8EQ
Filing status
Accounts
Next due: —
Last made up to: 2006-10-31
Confirmation statement
Next due: —
Last: —
Officers (0 active · 2 resigned)
MCLELLAN, Alexandra→
Activesecretary · appointed 2002-10-16
View their other companies + combined net worth →
MCLELLAN, Alexandra→
Activedirector · ~67y · appointed 2009-08-28
View their other companies + combined net worth →
OSWALDS OF EDINBURGH LIMITED→
Resignedcorporate-nominee-secretary · appointed 2002-10-16 · resigned 2002-10-16
MCLELLAN, John→
Resigneddirector · ~79y · appointed 2002-10-16 · resigned 2008-03-28
Click a director name to see their full track record across all companies.
Recent filings (16 total)
gazette-dissolved-voluntary
gazette · GAZ2(A)
2010-01-22
gazette-notice-voluntary
gazette · GAZ1(A)
2009-10-02
legacy
dissolution · 652a
2009-09-17
legacy
officers · 288b
2009-09-02
legacy
officers · 288a
2009-09-02
accounts-with-made-up-date
accounts · AA
2007-11-16
legacy
annual-return · 363a
2007-11-09
legacy
annual-return · 363a
2007-02-12
accounts-with-made-up-date
accounts · AA
2006-09-28
legacy
annual-return · 363a
2006-05-16
accounts-with-made-up-date
accounts · AA
2005-12-23
legacy
annual-return · 363s
2004-12-02
legacy
annual-return · 363s
2003-12-23
accounts-with-made-up-date
accounts · AA
2003-12-23
legacy
officers · 288b
2002-10-16