WALLACES EXPRESS LIMITED

⚰️Wound downliquidation
SC247082 · ltd · incorporated 2003-04-02
Investment thesis
Company liquidation — not a live target.
Why interesting: Historical record only; useful for precedent research.
Why risky: Not transactable.
Why now
Window steady · low confidence
Stable recent picture — watch for any upcoming trigger event.
What changed my view
Last 30 days

No material changes in the last 30 days.

Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value
Upgrade to see
Turnover
not disclosed
Net worth
book net assets
Opportunity
33/100
Pass
🔔
Follow this company (free)
Email alerts on filings, charges, director changes, gazette notices. No account needed.

Unsubscribe any time from any email. GDPR-respectful.

What this business does
Primary activity: SIC 46342
Sector: Wholesale & retail
Investor take
Pass (distressed without resilience)
Distressed unclear — structural issues outweigh the discount.

Opportunity 33/100 (pass), bankability 30/100. High owner-dependency — earn-out structure likely required for clean transition. Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: distressed disposal / insolvency (65/100). Current lenders should be on immediate intervention.

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 22.5y

40/100
too messy

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

  • · Oldest live charge is 22.5 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Legal-friction score 48/100 (high).

Data confidence

Overall: medium (60/100)

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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
28 officers (2 active, 28 linked, 23 with DOB)
86
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
134 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
33/100Pass
PassWatchWorth a lookStrongExceptional 

Clear signal to pass. Time better spent elsewhere unless you have a specific strategic angle.

Business quality
0
Concerning — overdue filings or status flags present.
Acquirability
55
Some acquirability indicators.
Risk profile
13
Multiple red flags — proceed with caution.
Signal strength
100
Good data coverage for analysis.

Recent activity

Last 30 days
0
filings
Last 90 days
1
filing
  • 1 officers
Last 180 days
1
filing
  • 1 officers
Counts from Companies House filing history.
Corporate timeline (80 events)Click to expand
  1. 2026-04-06
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  2. 2026-03-26
    MCGLOIN, Mark resigned
    director
  3. 2025-08-14
    📄
    resolution
    resolution · RESOLUTIONS
  4. 2025-06-26
    📄
    capital-statement-capital-company-with-date-currency-figure
    capital · SH19
  5. 2025-06-26
    📄
    legacy
    capital · SH20
  6. 2025-06-26
    ⚠️
    legacy
    insolvency · CAP-SS
  7. 2025-06-26
    📄
    resolution
    resolution · RESOLUTIONS
  8. 2025-04-11
    EVANS, Richard Alistair appointed
    director
  9. 2025-04-11
    HEFFERNAN, Riona resigned
    director
  10. 2025-04-11
    POZZI, Andrea resigned
    director
  11. 2025-04-11
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  12. 2025-04-11
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  13. 2025-04-11
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  14. 2024-12-09
    📄
    accounts-with-accounts-type-small
    accounts · AA
  15. 2024-08-18
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  16. 2024-07-17
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  17. 2024-06-25
    ROBERTSON, Ewan James resigned
    director
  18. 2024-06-06
    MCMAHON, Patrick resigned
    director
  19. 2024-05-02
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  20. 2024-05-01
    MCGLOIN, Mark appointed
    director
  21. 2023-11-10
    📄
    accounts-with-accounts-type-small
    accounts · AA
  22. 2023-09-08
    📄
    auditors-resignation-company
    auditors · AUD
  23. 2023-06-01
    ROBERTSON, Ewan James appointed
    director
  24. 2023-06-01
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  25. 2023-03-31
    WEBSTER, Richard resigned
    director
  26. 2023-03-31
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  27. 2022-12-01
    📄
    accounts-with-accounts-type-small
    accounts · AA
  28. 2022-02-02
    📄
    change-person-director-company-with-change-date
    officers · CH01
  29. 2022-01-31
    📄
    change-person-director-company-with-change-date
    officers · CH01
  30. 2022-01-20
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  31. 2022-01-19
    CATTO, Jonathan resigned
    director
  32. 2022-01-19
    GRAY, Kenneth Corbett resigned
    director
  33. 2022-01-19
    MCMAHON, Patrick appointed
    director
  34. 2022-01-19
    POZZI, Andrea appointed
    director
  35. 2022-01-19
    WEBSTER, Richard appointed
    director
  36. 2020-10-28
    CATTO, Jonathan appointed
    director
  37. 2020-10-28
    WEBSTER, Richard Joseph resigned
    director
  38. 2020-04-21
    FREW, Duncan resigned
    director
  39. 2020-03-12
    ROBERTSON, Ewan James resigned
    director
  40. 2020-01-03
    FREW, Duncan appointed
    director
  41. 2020-01-03
    GLANCEY, Stephen resigned
    director
  42. 2020-01-03
    GRAY, Kenneth Corbett appointed
    director
  43. 2020-01-03
    HEFFERNAN, Riona appointed
    director
  44. 2020-01-03
    POZZI, Andrea resigned
    director
  45. 2020-01-03
    WEBSTER, Richard Joseph appointed
    director
  46. 2019-01-29
    JOHNSTON, David George resigned
    director
  47. 2018-07-11
    BOULOS, Mark resigned
    director
  48. 2017-06-22
    NEISON, Kenneth resigned
    director
  49. 2016-09-05
    BOULOS, Mark appointed
    director
  50. 2016-09-05
    POZZI, Andrea appointed
    director
Showing most recent 50 of 80 events

Owner dependency

75/100
High — earn-out structure required

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

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.

Succession & seller-readiness

45/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

Red flags

4 high ·
Accounts overdue
high

Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.

Evidence: Next due: 2025-11-30

Confirmation statement overdue
high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2026-04-17

Company in liquidation
high

Company is actively being wound up. Not a going concern.

1 insolvency-related filing on record
high

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

Evidence: 2025-06-26: legacy

Group structure

C&C Group Plc is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
C&C Group Plc
Corporate parent · holds 75-100% shares
ultimate parent
WALLACES EXPRESS LIMITED
This company · SC247082

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
C&C Group Plc
Corporate entity
75100%
75-100% shares06/04/2016

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 →

Similar companies

Active · Wholesale & distribution · G postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
ALLIANCE SANITARY PRODUCTS LIMITED
SC261393 · est 2004
£8.86M
£6.65M£11.08M
290022y8669y
FAILTE FOOD SERVICE LIMITED
SC275128 · est 2004
£7.59M
£5.69M£9.48M
7121y8566y
WESTSIDE DISTRIBUTION HOLDINGS LIMITED
SC648056 · est 2019
£5.77M
£4.33M£7.21M
276y8467y
WESTSIDE DISTRIBUTION LIMITED
SC365971 · est 2009
£5.77M
£4.33M£7.21M
2716y8867y
SOUTHEAST TRADERS LIMITED
SC235763 · est 2002
£4.00M
£3.00M£5.01M
2623y8867y
SCO-FRO GROUP LIMITED
SC057644 · est 1975
£2.74M
£2.06M£3.43M
2051y9572y
D MCNAIR (BUILDERS MERCHANTS) LIMITED
SC089357 · est 1984
£2.35M
£1.76M£2.93M
6941y8563y
EAGLE TUBE AND FLANGES LIMITED
SC084811 · est 1983
£2.14M
£1.60M£2.67M
140042y8370y
LEESHUN CATERING SUPPLIES LTD
SC346276 · est 2008
£811.1k
£608.3k£1.01M
1317y8369y
ANDREW MCDICKEN LIMITED
SC034095 · est 1959
£8.7k66y8363y
ASTRA HYGIENE SUPPLIES LIMITED
SC122088 · est 1989
£335.1k36y8381y
BAYMED HEALTHCARE LTD.
SC062673 · est 1977
£77.1k48y8359y
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

12 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

Statusliquidation
Typeltd
Incorporated2003-04-02
Jurisdictionscotland
Primary SIC46342 — SIC 46342

Registered office

Wellpark Brewery
161 Duke Street
Glasgow
G31 1JD
Scotland

Filing status

Accounts
Next due: 2025-11-30OVERDUE
Last made up to: 2024-02-29
Confirmation statement
Next due: 2026-04-17OVERDUE
Last: 2025-04-03

Officers (2 active · 26 resigned)

C&C MANAGEMENT SERVICES LIMITED
corporate-secretary · appointed 2014-03-17
View their other companies + combined net worth →
Active
EVANS, Richard Alistair
director · ~52y · appointed 2025-04-11
View their other companies + combined net worth →
Active
COSH, Christopher
secretary · appointed 2003-12-03 · resigned 2014-03-17
Resigned
D.W. COMPANY SERVICES LIMITED
corporate-nominee-secretary · appointed 2003-04-02 · resigned 2003-12-03
Resigned
BARCLAY, Kenneth Edward
director · ~48y · appointed 2013-03-21 · resigned 2016-05-17
Resigned
BOULOS, Mark
director · ~46y · appointed 2016-09-05 · resigned 2018-07-11
Resigned
CALDER, Brian James
director · ~69y · appointed 2003-12-03 · resigned 2015-06-15
Resigned
CAMPBELL, Alastair Maclennan
director · ~59y · appointed 2015-06-15 · resigned 2016-09-02
Resigned
CATTO, Jonathan
director · ~36y · appointed 2020-10-28 · resigned 2022-01-19
Resigned
COSH, Christopher
director · ~55y · appointed 2003-12-03 · resigned 2015-12-11
Resigned
COSH, David Stephen
director · ~81y · appointed 2011-11-07 · resigned 2013-03-21
Resigned
DALY, Alan
director · ~52y · appointed 2013-03-21 · resigned 2015-06-15
Resigned
FREW, Duncan
director · ~41y · appointed 2020-01-03 · resigned 2020-04-21
Resigned
GLANCEY, Stephen
director · ~66y · appointed 2015-06-15 · resigned 2020-01-03
Resigned
GRAY, Kenneth Corbett
director · ~58y · appointed 2020-01-03 · resigned 2022-01-19
Resigned
HEFFERNAN, Riona
director · ~46y · appointed 2020-01-03 · resigned 2025-04-11
Resigned
JOHNSTON, David George
director · ~54y · appointed 2015-06-15 · resigned 2019-01-29
Resigned
MCGLOIN, Mark
director · ~52y · appointed 2024-05-01 · resigned 2026-03-26
Resigned
MCMAHON, Patrick
director · ~46y · appointed 2022-01-19 · resigned 2024-06-06
Resigned
NEISON, Kenneth
director · ~57y · appointed 2015-06-15 · resigned 2017-06-22
Resigned

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

Mortgages & charges

2
Total charges
0
Outstanding
0
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property12/05/200602/03/2016
satisfied
Virgin Money
Clydesdale Bank Public Limited Company
Floating charge1 property05/12/200320/05/2006

Recent filings (134 total)

termination-director-company-with-name-termination-date
officers · TM01
2026-04-06
resolution
resolution · RESOLUTIONS
2025-08-14
capital-statement-capital-company-with-date-currency-figure
capital · SH19
2025-06-26
legacy
capital · SH20
2025-06-26
legacy
insolvency · CAP-SS
2025-06-26
resolution
resolution · RESOLUTIONS
2025-06-26
termination-director-company-with-name-termination-date
officers · TM01
2025-04-11
termination-director-company-with-name-termination-date
officers · TM01
2025-04-11
appoint-person-director-company-with-name-date
officers · AP01
2025-04-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-03
accounts-with-accounts-type-small
accounts · AA
2024-12-09
termination-director-company-with-name-termination-date
officers · TM01
2024-08-18
termination-director-company-with-name-termination-date
officers · TM01
2024-07-17
appoint-person-director-company-with-name-date
officers · AP01
2024-05-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-17