PATHHEAD GENERAL STORE LIMITED

⚰️Wound downdissolved
SC245010 · ltd · incorporated 2003-03-04
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 23.1y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
64/100
Worth a look
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What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
Pass (distressed without resilience)
Distressed property-backed borrower — structural issues outweigh the discount.

Opportunity 64/100 (worth a look), bankability 70/100. Strong seller-intent signal (75/100, director aged 62). 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).

🏦

Refinance opportunity

3 live charges · 2 lenders · oldest 23.1y

50/100
clean up first

Refinance viable after a tidy-up — address the highlighted items first.

  • · Oldest live charge is 23.1 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (56/100)

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
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
5 officers (1 active, 5 linked, 1 with DOB)
74
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
58 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
64/100Worth 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
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 (40 events)Click to expand
  1. 2017-10-03
    📄
    gazette-dissolved-voluntary
    gazette · GAZ2(A)
  2. 2017-10-03
    🏁
    Company dissolved
  3. 2017-09-08
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2017-07-18
    📄
    gazette-notice-voluntary
    gazette · GAZ1(A)
  5. 2017-07-11
    📄
    dissolution-application-strike-off-company
    dissolution · DS01
  6. 2016-10-26
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  7. 2016-10-03
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  8. 2016-10-03
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  9. 2016-10-03
    🔓
    Charge satisfied #3
  10. 2016-10-03
    🔓
    Charge satisfied #2
  11. 2016-08-31
    📄
    change-person-director-company-with-change-date
    officers · CH01
  12. 2016-03-17
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  13. 2015-10-28
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  14. 2015-04-21
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  15. 2015-04-21
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  16. 2015-03-01
    ➖
    GLASS, Kevin resigned
    secretary
  17. 2014-10-14
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  18. 2014-03-19
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  19. 2013-05-23
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  20. 2013-03-05
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  21. 2013-03-05
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  22. 2012-10-30
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  23. 2012-03-08
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  24. 2011-11-15
    📄
    legacy
    mortgage · MG01s
  25. 2011-11-07
    🔒
    Charge registered #3
    Lender: Balwant Singh & Another
  26. 2011-10-28
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  27. 2011-03-08
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  28. 2010-10-26
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  29. 2010-03-22
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  30. 2008-01-31
    ➕
    GLASS, Kevin appointed
    secretary
  31. 2008-01-31
    ➖
    RATHO HALL LIMITED resigned
    corporate-secretary
  32. 2003-07-18
    🔒
    Charge registered #2
    Lender: The Royal Bank of Scotland PLC
  33. 2003-05-21
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  34. 2003-04-16
    ➕
    GLASS, Iain Keith appointed
    director
  35. 2003-04-16
    ➖
    1924 NOMINEES LTD resigned
    corporate-secretary
  36. 2003-04-16
    ➕
    RATHO HALL LIMITED appointed
    corporate-secretary
  37. 2003-04-16
    ➖
    1924 DIRECTORS LIMITED resigned
    corporate-director
  38. 2003-03-04
    🏢
    Company incorporated
    As PATHHEAD GENERAL STORE LIMITED
  39. 2003-03-04
    ➕
    1924 NOMINEES LTD appointed
    corporate-secretary
  40. 2003-03-04
    ➕
    1924 DIRECTORS LIMITED appointed
    corporate-director

Owner dependency

93/100
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 23 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 62 — approaching natural succession window.

Succession & seller-readiness

85/100
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 62. Early succession window.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • 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

1 high ·
Company dissolved
high

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

Evidence: Dissolved on 2017-10-03

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Iain Keith Glass
Individual · British · DOB 03/1964 · age 62
75–100%
—75-100% shares11/04/2016

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

8 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
Incorporated2003-03-04
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

The Cockatoo Old Craighall Road
Millerhill
Edinburgh
Midlothian
EH22 1RZ

Filing status

Accounts
Next due: —
Last made up to: 2017-01-31
Confirmation statement
Next due: —
Last: —

Officers (0 active · 4 resigned)

GLASS, Iain Keith→
director · ~62y · appointed 2003-04-16
View their other companies + combined net worth →
Active
GLASS, Kevin→
secretary · appointed 2008-01-31 · resigned 2015-03-01
Resigned
1924 NOMINEES LTD→
corporate-secretary · appointed 2003-03-04 · resigned 2003-04-16
Resigned
RATHO HALL LIMITED→
corporate-secretary · appointed 2003-04-16 · resigned 2008-01-31
Resigned
1924 DIRECTORS LIMITED→
corporate-director · appointed 2003-03-04 · resigned 2003-04-16
Resigned

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

Mortgages & charges

3
Total charges
1
Outstanding
1
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
satisfied
Balwant Singh & Another
Standard security1 property07/11/201103/10/2016
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property18/07/200303/10/2016
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property21/05/2003—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (58 total)

gazette-dissolved-voluntary
gazette · GAZ2(A)
2017-10-03
accounts-with-accounts-type-micro-entity
accounts · AA
2017-09-08
gazette-notice-voluntary
gazette · GAZ1(A)
2017-07-18
dissolution-application-strike-off-company
dissolution · DS01
2017-07-11
confirmation-statement-with-updates
confirmation-statement · CS01
2017-04-11
accounts-with-accounts-type-total-exemption-small
accounts · AA
2016-10-26
mortgage-satisfy-charge-full
mortgage · MR04
2016-10-03
mortgage-satisfy-charge-full
mortgage · MR04
2016-10-03
change-person-director-company-with-change-date
officers · CH01
2016-08-31
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2016-03-17
accounts-with-accounts-type-total-exemption-small
accounts · AA
2015-10-28
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2015-04-21
termination-secretary-company-with-name-termination-date
officers · TM02
2015-04-21
accounts-with-accounts-type-total-exemption-small
accounts · AA
2014-10-14
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2014-03-19