XPS INDUSTRIAL (GLASGOW) LIMITED
⚰️Wound downdissolved
SC238591 · ltd · incorporated 2002-10-24
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 23.5y 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 7450
Sector: Professional, scientific & technical
Investor take
Pass (distressed without resilience)Distressed unclear — structural issues outweigh the discount.
Opportunity 53/100 (worth a look), bankability 55/100. Strong seller-intent signal (65/100, director aged 60). 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 (50/100). Current lenders should be on monthly review.
🏦
Refinance opportunity
1 live charge · oldest 23.5y
55/100
too messy
Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.
- · Oldest live charge is 23.5 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Legal-friction score 45/100 (high).
Data confidence
Overall: low (48/100)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
8 officers (3 active, 8 linked, 4 with DOB)
80
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
2 connected companies via shared directors
51
Filing history
31 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 (41 events)Click to expand
- 2010-11-18⚠️gazette-dissolved-liquidationgazette · GAZ2
- 2010-11-18🏁Company dissolved
- 2010-08-18⚠️liquidation-court-order-early-dissolutioninsolvency · O/C EARLY DISS
- 2009-11-26⚠️liquidation-compulsory-notice-winding-up-scotlandinsolvency · CO4.2(Scot)
- 2009-11-26⚠️liquidation-compulsory-winding-up-order-scotlandinsolvency · 4.2(Scot)
- 2009-09-10✏️certificate-change-of-name-companychange-of-name · CERTNM
- 2008-10-24📄legacyannual-return · 363a
- 2008-10-10📄accounts-with-accounts-type-smallaccounts · AA
- 2008-03-04📄accounts-with-accounts-type-smallaccounts · AA
- 2007-11-14📄legacyannual-return · 363a
- 2007-02-13📄legacyaccounts · 225
- 2006-11-06📄legacyannual-return · 363s
- 2006-11-06📄legacyannual-return · 363(287)
- 2006-09-08📄legacyofficers · 288b
- 2006-07-27📄accounts-with-accounts-type-smallaccounts · AA
- 2006-07-24➖BLACK, Graham resigneddirector
- 2005-12-14📄legacyannual-return · 363s
- 2005-12-01📄legacyofficers · 288b
- 2005-08-26➖MURPHY, Martin resigneddirector
- 2005-04-05📄legacyofficers · 288a
- 2005-03-13📄accounts-with-accounts-type-smallaccounts · AA
- 2005-02-01➕BLACK, Graham appointeddirector
- 2004-12-09📄legacyannual-return · 363s
- 2004-12-09📄legacycapital · 88(2)R
- 2004-08-26📄accounts-with-accounts-type-smallaccounts · AA
- 2003-12-05📄legacyannual-return · 363s
- 2002-12-19📄resolutionresolution · RESOLUTIONS
- 2002-12-09📄legacyofficers · 288b
- 2002-12-09📄legacyofficers · 288b
- 2002-11-11🔒Charge registered #1Lender: Bibby Factors Scotland Limited
- 2002-10-24🏢Company incorporatedAs XPS INDUSTRIAL (GLASGOW) LIMITED
- 2002-10-24➕MCINTYRE, Christine Mary appointedsecretary
- 2002-10-24➕MCINTYRE, Christine Mary appointeddirector
- 2002-10-24➕MCINTYRE, Daniel Blyth appointeddirector
- 2002-10-24➕COMBINED SECRETARIAL SERVICES LIMITED appointedcorporate-nominee-secretary
- 2002-10-24➖COMBINED SECRETARIAL SERVICES LIMITED resignedcorporate-nominee-secretary
- 2002-10-24➕MURPHY, Martin appointeddirector
- 2002-10-24➕COMBINED NOMINEES LIMITED appointedcorporate-nominee-director
- 2002-10-24➖COMBINED NOMINEES LIMITED resignedcorporate-nominee-director
- 2002-10-24➕COMBINED SECRETARIAL SERVICES LIMITED appointedcorporate-nominee-director
- 2002-10-24➖COMBINED SECRETARIAL SERVICES LIMITED resignedcorporate-nominee-director
Owner dependency
84/100
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 24 years — deep operational knowledge concentrated in one person.
- +Senior director age: Director aged approximately 60 — approaching natural succession window.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
76/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- secondaryFounder aged 58+: Senior director is approximately 60. Early succession window.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- primary20+ year tenure: Director in role 24 years. Very long tenure is a classic succession signal.
- 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
2 high ·Company dissolved
highCompany has been dissolved — it no longer legally exists. Any diligence here is historical only.
Evidence: Dissolved on 2010-11-18
4 insolvency-related filings on record
highFilings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2010-11-18: gazette-dissolved-liquidation; 2010-08-18: liquidation-court-order-early-dissolution
🔒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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| ATHENA CONSULT LTD→ SC655717 · est 2020 · no financials extracted | — | — | — | — | 6y | — | — |
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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
Incorporated2002-10-24
Jurisdictionscotland
Primary SIC7450 — SIC 7450
Registered office
C/O Macdonalds
St Stephens House
279 Bath Street
Glasgow
G2 4JL
Filing status
Accounts
Next due: —
Last made up to: 2008-04-30
Confirmation statement
Next due: —
Last: —
Officers (0 active · 5 resigned)
MCINTYRE, Christine Mary→
Activesecretary · appointed 2002-10-24
View their other companies + combined net worth →
MCINTYRE, Christine Mary→
Activedirector · ~60y · appointed 2002-10-24
View their other companies + combined net worth →
MCINTYRE, Daniel Blyth→
Activedirector · ~60y · appointed 2002-10-24
View their other companies + combined net worth →
COMBINED SECRETARIAL SERVICES LIMITED→
Resignedcorporate-nominee-secretary · appointed 2002-10-24 · resigned 2002-10-24
BLACK, Graham→
Resigneddirector · ~71y · appointed 2005-02-01 · resigned 2006-07-24
MURPHY, Martin→
Resigneddirector · ~68y · appointed 2002-10-24 · resigned 2005-08-26
COMBINED NOMINEES LIMITED→
Resignedcorporate-nominee-director · appointed 2002-10-24 · resigned 2002-10-24
COMBINED SECRETARIAL SERVICES LIMITED→
Resignedcorporate-nominee-director · appointed 2002-10-24 · resigned 2002-10-24
Click a director name to see their full track record across all companies.
Mortgages & charges
1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Bibby Financial Services Bibby Factors Scotland Limited | Floating charge | 1 property | 11/11/2002 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (31 total)
gazette-dissolved-liquidation
gazette · GAZ2
2010-11-18
liquidation-court-order-early-dissolution
insolvency · O/C EARLY DISS
2010-08-18
liquidation-compulsory-notice-winding-up-scotland
insolvency · CO4.2(Scot)
2009-11-26
liquidation-compulsory-winding-up-order-scotland
insolvency · 4.2(Scot)
2009-11-26
certificate-change-of-name-company
change-of-name · CERTNM
2009-09-10
legacy
annual-return · 363a
2008-10-24
accounts-with-accounts-type-small
accounts · AA
2008-10-10
accounts-with-accounts-type-small
accounts · AA
2008-03-04
legacy
annual-return · 363a
2007-11-14
legacy
accounts · 225
2007-02-13
legacy
annual-return · 363s
2006-11-06
legacy
annual-return · 363(287)
2006-11-06
legacy
officers · 288b
2006-09-08
accounts-with-accounts-type-small
accounts · AA
2006-07-27
legacy
annual-return · 363s
2005-12-14