TFD (SCOTLAND) LIMITED

⚰️Wound downdissolved
SC244617 · ltd · incorporated 2003-02-25
Investment thesis
Company dissolved — not a live target.
Why interesting: Historical record only; useful for precedent research.
Why risky: Not transactable.
🔒Estimated value
—
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Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
48/100
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What this business does
Primary activity: Other manufacturing n.e.c.
Sector: Manufacturing
Investor take
Pass (distressed without resilience)
Distressed unclear — structural issues outweigh the discount.

Opportunity 48/100 (watch), bankability 32/100. Strong seller-intent signal (65/100, director aged 58). Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: Consolidate lender relationships. 5 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (50/100). Current lenders should be on monthly review.

🏦

Refinance opportunity

8 live charges · 5 lenders · oldest 23.2y

25/100
too messy

Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.

  • · Oldest live charge is 23.2 years old — likely at or near maturity.
  • · 5 lenders named — inter-creditor friction likely.
  • · Legal-friction score 45/100 (high).

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
8 charges (8/8 with lender, 8/8 with type)
90
Directors & officers
6 officers (3 active, 6 linked, 4 with DOB)
83
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
9 connected companies via shared directors
72
Filing history
66 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
48/100Watch
PassWatchWorth a lookStrongExceptional 

Not actionable now, but monitor — distressed, succession, or structural changes could flip this into a real opportunity.

Business quality
0
Concerning — overdue filings or status flags present.
Acquirability
85
Strong succession / seller-readiness signals.
Risk profile
38
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 (47 events)Click to expand
  1. 2022-06-10
    ⚠️
    gazette-dissolved-liquidation
    gazette · GAZ2
  2. 2022-06-10
    🏁
    Company dissolved
  3. 2022-03-10
    ⚠️
    liquidation-compulsory-early-dissolution-court-scotland
    insolvency · WU16(Scot)
  4. 2016-10-19
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  5. 2016-09-21
    ⚠️
    liquidation-compulsory-notice-winding-up-scotland
    insolvency · CO4.2(Scot)
  6. 2016-09-21
    ⚠️
    liquidation-compulsory-winding-up-order-scotland
    insolvency · 4.2(Scot)
  7. 2016-08-31
    ⚠️
    liquidation-compulsory-appointment-provisional-liquidator-scotland
    insolvency · 4.9(Scot)
  8. 2016-07-06
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  9. 2016-07-06
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  10. 2016-07-06
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  11. 2016-07-06
    🔓
    Charge satisfied #3
  12. 2016-07-06
    🔓
    Charge satisfied #2
  13. 2016-07-06
    🔓
    Charge satisfied #1
  14. 2016-05-09
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  15. 2015-11-20
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2015-02-27
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  17. 2014-10-21
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  18. 2014-10-10
    🔒
    Charge registered #8
    Lender: Aib Group (UK) PLC
  19. 2014-10-08
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  20. 2014-10-02
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  21. 2014-09-24
    🔒
    Charge registered #7
    Lender: Aib Group (UK) PLC
  22. 2014-05-23
    📄
    mortgage-alter-floating-charge-with-number
    mortgage · 466(Scot)
  23. 2014-05-20
    📄
    mortgage-alter-floating-charge-with-number
    mortgage · 466(Scot)
  24. 2014-05-20
    📄
    mortgage-alter-floating-charge-with-number
    mortgage · 466(Scot)
  25. 2014-05-16
    📄
    mortgage-alter-floating-charge
    mortgage · 466(Scot)
  26. 2014-05-14
    📄
    mortgage-create-with-deed-with-charge-number
    mortgage · MR01
  27. 2014-05-01
    🔒
    Charge registered #6
    Lender: Lloyds Bank Commercial Finance, No 1 Brookhill Way, Banbury, Oxon, OX16 3EL
  28. 2014-03-26
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  29. 2013-05-06
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  30. 2013-03-21
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  31. 2012-11-13
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  32. 2012-04-24
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  33. 2012-04-05
    🔒
    Charge registered #5
    Lender: West of Scotland Loan Fund
  34. 2012-04-03
    🔒
    Charge registered #4
    Lender: West of Scotland Loan Fund
  35. 2011-11-22
    🔒
    Charge registered #3
    Lender: Clydesdale Bank PLC
  36. 2008-06-30
    ➖
    RANKIN, Brian resigned
    director
  37. 2006-08-28
    ➖
    FIELDMAN, Gary resigned
    director
  38. 2006-08-28
    ➕
    RANKIN, Brian appointed
    director
  39. 2006-08-24
    ➕
    BISHOP, Michael Edward appointed
    secretary
  40. 2006-08-24
    ➕
    SANDLAND, Craig William Scott appointed
    director
  41. 2006-08-24
    ➖
    FIELDMAN, Gary resigned
    secretary
  42. 2004-04-28
    🔒
    Charge registered #2
    Lender: Clydesdale Bank Public Limited Company
  43. 2003-03-05
    🔒
    Charge registered #1
    Lender: Clydesdale Bank Public Limited Company
  44. 2003-02-25
    🏢
    Company incorporated
    As TFD (SCOTLAND) LIMITED
  45. 2003-02-25
    ➕
    BISHOP, Michael Edward appointed
    director
  46. 2003-02-25
    ➕
    FIELDMAN, Gary appointed
    secretary
  47. 2003-02-25
    ➕
    FIELDMAN, Gary appointed
    director

Owner dependency

76/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

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 23 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 58 — approaching natural succession window.

Succession & seller-readiness

76/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 58. Early succession window.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 23 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 23 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 · 1 med · 1 low
Company dissolved
high

Company has been dissolved — it no longer legally exists. Any diligence here is historical only.

Evidence: Dissolved on 2022-06-10

5 insolvency-related filings on record
high

Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.

Evidence: 2022-06-10: gazette-dissolved-liquidation; 2022-03-10: liquidation-compulsory-early-dissolution-court-scotland

Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

5 live charges
low

Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.

🔒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

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 →
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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.

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Company details

Statusdissolved
Typeltd
Incorporated2003-02-25
Jurisdictionscotland
Primary SIC32990 — Other manufacturing n.e.c.

Registered office

227 West George Street
Glasgow
G2 2ND

Filing status

Accounts
Next due: —
Last made up to: 2015-02-28
Confirmation statement
Next due: —
Last: —

Officers (0 active · 3 resigned)

BISHOP, Michael Edward→
secretary · appointed 2006-08-24
View their other companies + combined net worth →
Active
BISHOP, Michael Edward→
director · ~58y · appointed 2003-02-25
View their other companies + combined net worth →
Active
SANDLAND, Craig William Scott→
director · ~51y · appointed 2006-08-24
View their other companies + combined net worth →
Active
FIELDMAN, Gary→
secretary · appointed 2003-02-25 · resigned 2006-08-24
Resigned
FIELDMAN, Gary→
director · ~64y · appointed 2003-02-25 · resigned 2006-08-28
Resigned
RANKIN, Brian→
director · ~53y · appointed 2006-08-28 · resigned 2008-06-30
Resigned

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

Mortgages & charges

8
Total charges
5
Outstanding
3
Active lenders
Status:Lender:8 of 8 shown
TypeProperties
outstanding
Aib Group (UK)
Aib Group (UK) PLC
A registered charge1 property10/10/2014—
outstanding
Aib Group (UK)
Aib Group (UK) PLC
A registered charge—24/09/2014—
outstanding
Lloyds Banking Group
Lloyds Bank Commercial Finance, No 1 Brookhill Way, Banbury, Oxon, OX16 3EL
A registered charge—01/05/2014—
outstanding
West of Scotland Loan Fund
Standard security1 property05/04/2012—
outstanding
West of Scotland Loan Fund
Bond & floating charge1 property03/04/2012—
satisfied
Virgin Money
Clydesdale Bank PLC
Floating charge1 property22/11/201106/07/2016
satisfied
Virgin Money
Clydesdale Bank Public Limited Company
Standard security1 property28/04/200406/07/2016
satisfied
Virgin Money
Clydesdale Bank Public Limited Company
Floating charge1 property05/03/200306/07/2016
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (66 total)

gazette-dissolved-liquidation
gazette · GAZ2
2022-06-10
liquidation-compulsory-early-dissolution-court-scotland
insolvency · WU16(Scot)
2022-03-10
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2016-10-19
liquidation-compulsory-notice-winding-up-scotland
insolvency · CO4.2(Scot)
2016-09-21
liquidation-compulsory-winding-up-order-scotland
insolvency · 4.2(Scot)
2016-09-21
liquidation-compulsory-appointment-provisional-liquidator-scotland
insolvency · 4.9(Scot)
2016-08-31
mortgage-satisfy-charge-full
mortgage · MR04
2016-07-06
mortgage-satisfy-charge-full
mortgage · MR04
2016-07-06
mortgage-satisfy-charge-full
mortgage · MR04
2016-07-06
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2016-05-09
accounts-with-accounts-type-total-exemption-small
accounts · AA
2015-11-20
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2015-02-27
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2014-10-21
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2014-10-08
accounts-with-accounts-type-total-exemption-small
accounts · AA
2014-10-02