PIPEARROW LIMITED

⚰️Wound downdissolved
SC263613 · ltd · incorporated 2004-02-18
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
62/100
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 unclear — structural issues outweigh the discount.

Opportunity 62/100 (worth a look), bankability 72/100. Strong seller-intent signal (88/100, director aged 72). Biggest value-creation lever: Consolidate lender relationships. 9 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

118 live charges · 9 lenders · oldest 21.9y

35/100
too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

  • · Oldest live charge is 21.9 years old — likely at or near maturity.
  • · 9 lenders named — inter-creditor friction likely.
  • · Legal-friction score 40/100 — workable, but lender will want more DD.

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
118 charges (118/118 with lender, 118/118 with type)
90
Directors & officers
6 officers (3 active, 6 linked, 3 with DOB)
80
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
15 connected companies via shared directors
90
Filing history
289 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
62/100Worth 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
59
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 (272 events)Click to expand
  1. 2017-09-05
    📄
    gazette-dissolved-voluntary
    gazette · GAZ2(A)
  2. 2017-09-05
    🏁
    Company dissolved
  3. 2017-06-20
    📄
    gazette-notice-voluntary
    gazette · GAZ1(A)
  4. 2017-06-14
    📄
    dissolution-application-strike-off-company
    dissolution · DS01
  5. 2017-04-27
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  6. 2017-04-27
    🔓
    Charge satisfied #35
  7. 2017-04-25
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  8. 2017-04-25
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  9. 2017-04-25
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  10. 2017-04-25
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  11. 2017-04-25
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  12. 2017-04-25
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  13. 2017-04-25
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  14. 2017-04-25
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  15. 2017-04-25
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  16. 2017-04-25
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  17. 2017-04-25
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  18. 2017-04-25
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  19. 2017-04-25
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  20. 2017-04-25
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  21. 2017-04-25
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  22. 2017-04-25
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  23. 2017-04-25
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  24. 2017-04-25
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  25. 2017-04-25
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  26. 2017-04-25
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  27. 2017-04-25
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  28. 2017-04-25
    🔓
    Charge satisfied #118
  29. 2017-04-25
    🔓
    Charge satisfied #117
  30. 2017-04-25
    🔓
    Charge satisfied #82
  31. 2017-04-25
    🔓
    Charge satisfied #81
  32. 2017-04-25
    🔓
    Charge satisfied #80
  33. 2017-04-25
    🔓
    Charge satisfied #49
  34. 2017-04-25
    🔓
    Charge satisfied #116
  35. 2017-04-25
    🔓
    Charge satisfied #115
  36. 2017-04-25
    🔓
    Charge satisfied #114
  37. 2017-04-25
    🔓
    Charge satisfied #113
  38. 2017-04-25
    🔓
    Charge satisfied #112
  39. 2017-04-25
    🔓
    Charge satisfied #111
  40. 2017-04-25
    🔓
    Charge satisfied #110
  41. 2017-04-25
    🔓
    Charge satisfied #109
  42. 2017-04-25
    🔓
    Charge satisfied #108
  43. 2017-04-25
    🔓
    Charge satisfied #106
  44. 2017-04-25
    🔓
    Charge satisfied #105
  45. 2017-04-25
    🔓
    Charge satisfied #104
  46. 2017-04-25
    🔓
    Charge satisfied #103
  47. 2017-04-25
    🔓
    Charge satisfied #102
  48. 2017-04-25
    🔓
    Charge satisfied #101
  49. 2017-04-25
    🔓
    Charge satisfied #100
  50. 2017-04-25
    🔓
    Charge satisfied #99
Showing most recent 50 of 272 events

Owner dependency

91/100
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
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Long-tenure founder: Senior director has been in place 22 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 72 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

96/100
Likely off-market candidate

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

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 72 years old. Natural succession window is now.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 22 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 22 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 · 1 med ·
Company dissolved
high

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

Evidence: Dissolved on 2017-09-05

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.

Group structure

Mclean Properties Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Mclean Properties Limited
Corporate parent · holds 75-100% shares
ultimate parent
PIPEARROW LIMITED
This company · SC263613

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
Mclean Properties Limited
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 →

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🔒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 →
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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.

See pricing →

Company details

Statusdissolved
Typeltd
Incorporated2004-02-18
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

Thain House
226 Queensferry Road
Edinburgh
EH4 2BP
Scotland

Filing status

Accounts
Next due:
Last made up to: 2016-02-29
Confirmation statement
Next due:
Last:

Officers (0 active · 3 resigned)

CROLLA, Vincenzo
secretary · appointed 2004-03-17
View their other companies + combined net worth →
Active
CROLLA, Antonietta
director · ~71y · appointed 2004-03-17
View their other companies + combined net worth →
Active
CROLLA, Vincenzo
director · ~72y · appointed 2004-03-17
View their other companies + combined net worth →
Active
ACS SECRETARIES LIMITED
corporate-nominee-secretary · appointed 2004-02-18 · resigned 2004-03-17
Resigned
CAMPBELL, Colin
director · ~48y · appointed 2005-12-23 · resigned 2010-08-06
Resigned
ACS NOMINEES LIMITED
corporate-nominee-director · appointed 2004-02-18 · resigned 2004-03-17
Resigned

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

Mortgages & charges

118
Total charges
0
Outstanding
0
Active lenders
Status:Lender:118 of 118 shown
TypeProperties
satisfied
Svenska Handelsbanken Ab (Publ)
A registered charge1 property18/11/201425/04/2017
satisfied
Svenska Handelsbanken Ab (Publ)
Standard security1 property14/10/201125/04/2017
satisfied
Svenska Handelsbanken Ab (Publ)
Standard security1 property26/07/201125/04/2017
satisfied
Svenska Handelsbanken Ab (Publ)
Standard security1 property26/07/201125/04/2017
satisfied
Svenska Handelsbanken Ab (Publ)
Standard security1 property26/07/201125/04/2017
satisfied
Svenska Handelsbanken Ab
Standard security1 property21/07/201125/04/2017
satisfied
Svenska Handelsbanken Ab (Publ)
Standard security1 property20/07/201125/04/2017
satisfied
Svenska Handelsbanken (Ab) Publ
Standard security1 property20/07/201125/04/2017
satisfied
Svenska Handelsbanken (Ab) Publ
Standard security1 property20/07/201125/04/2017
satisfied
Svenska Handelsbanken (Ab) Publ
Standard security1 property20/07/201125/04/2017
satisfied
Svenska Handelsbanken Ab (Publ)
Standard security1 property20/07/201125/04/2017
satisfied
Svenska Handelsbanken (Ab) Publ
Standard security1 property20/07/201125/04/2017
satisfied
Svenska Handelsbanken (Ab) Publ
Standard security1 property20/07/201125/04/2017
satisfied
Svenska Handelsbanken (Ab) Publ
Standard security1 property20/07/201125/04/2017
satisfied
Svenska Handelsbanken (Ab) Publ
Standard security1 property20/07/201125/04/2017
satisfied
Svenska Handelsbanken (Ab) Publ
Standard security1 property20/07/201121/10/2011
satisfied
Svenska Handelsbanken (Ab) Publ
Standard security1 property20/07/201125/04/2017
satisfied
Svenska Handelsbanken (Ab) Publ
Standard security1 property20/07/201125/04/2017
satisfied
Svenska Handelsbanken Ab(Publ)
Standard security1 property20/07/201125/04/2017
satisfied
Svenska Handelsbanken Ab
Standard security1 property20/07/201125/04/2017
satisfied
Svenska Handelsbanken Ab
Standard security1 property20/07/201125/04/2017
satisfied
Svenska Handelsbanken Ab
Standard security1 property20/07/201125/04/2017
satisfied
Svenska Handelsbanken Ab
Standard security1 property20/07/201125/04/2017
satisfied
Svenska Handelsbanken Ab
Standard security1 property20/07/201125/04/2017
satisfied
Svenska Handelsbanken Ab
Standard security1 property20/07/201125/04/2017
satisfied
Svenska Handelsbanken Ab (Publ)
Standard security1 property20/07/201125/04/2017
satisfied
Svenska Handelsbanken Ab (Publ)
Standard security1 property20/07/201125/04/2017
satisfied
Svenska Handelsbanken Ab (Publ)
Standard security1 property20/07/201125/04/2017
satisfied
Svenska Handelsbanken Ab (Publ)
Standard security1 property20/07/201125/04/2017
satisfied
Svenska Handelsbanken Ab (Publ)
Standard security1 property20/07/201125/04/2017
satisfied
Svenska Handelsbanken Ab (Publ)
Standard security1 property20/07/201125/04/2017
satisfied
Svenska Handelsbanken Ab (Publ)
Standard security1 property20/07/201125/04/2017
satisfied
Svenska Handelsbanken Ab (Publ)
Standard security1 property20/07/201125/04/2017
satisfied
Svenska Handelsbanken Ab (Publ)
Standard security1 property20/07/201125/04/2017
satisfied
Svenska Handelsbanken Ab (Publ)
Standard security1 property20/07/201125/04/2017
satisfied
Svenska Handelsbanken Ab (Publ)
Standard security1 property20/07/201125/04/2017
satisfied
Svenska Handelsbanken Ab (Publ)
Standard security1 property20/07/201125/04/2017
satisfied
Svenska Handelsbanken Ab (Publ)
Standard security1 property20/07/201125/04/2017
satisfied
Svenska Handelsbanken Ab (Publ)
Standard security1 property20/07/201125/04/2017
satisfied
Svenska Handelsbanken Ab (Publ)
Standard security1 property20/07/201125/04/2017
satisfied
Svenska Handelsbanken Ab (Publ)
Standard security1 property20/07/201125/04/2017
satisfied
Svenska Handelsbanken Ab (Publ)
Standard security1 property20/07/201125/04/2017
satisfied
Svenska Handelsbanken Ab (Publ)
Standard security1 property20/07/201125/04/2017
satisfied
Svenska Handelsbanken Ab (Publ)
Standard security1 property20/07/201125/04/2017
satisfied
Svenska Handelsbanken Ab (Publ)
Standard security1 property20/07/201125/04/2017
satisfied
Svenska Handelsbanken Ab (Publ)
Standard security1 property20/07/201125/04/2017
satisfied
Svenska Handelsbanken Ab (Publ)
Standard security1 property20/07/201125/04/2017
satisfied
Svenska Handelsbanken Ab (Publ)
Standard security1 property20/07/201125/04/2017
satisfied
Svenska Handelsbanken Ab (Publ)
Standard security1 property20/07/201125/04/2017
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Svenska Handelsbanken Ab (Publ)
Standard security1 property20/07/201125/04/2017
satisfied
Svenska Handelsbanken Ab (Publ)
Standard security1 property20/07/201125/04/2017
satisfied
Svenska Handelsbanken Ab (Publ)
Standard security1 property20/07/201125/04/2017
satisfied
Svenska Handelsbanken Ab (Publ)
Standard security1 property20/07/201125/04/2017
satisfied
Svenska Handelsbanken Ab (Publ)
Standard security1 property20/07/201125/04/2017
satisfied
Svenska Handelsbanken Ab (Publ)
Standard security1 property20/07/201125/04/2017
satisfied
Svenska Handelsbanken Ab (Publ)
Standard security1 property20/07/201125/04/2017
satisfied
Svenska Handelsbanken (Publ)
Standard security1 property20/07/201125/04/2017
satisfied
Svenska Handelsbanken (Publ)
Standard security1 property20/07/201125/04/2017
satisfied
Svenska Handelsbanken (Publ)
Standard security1 property20/07/201125/04/2017
satisfied
Svenska Handelsbanken Ab (Publ)
Standard security1 property20/07/201125/04/2017
satisfied
Svenska Handelsbanken Ab (Publ)
Standard security1 property20/07/201125/04/2017
satisfied
Svenska Handelsbanken Ab (Publ)
Standard security1 property20/07/201125/04/2017
satisfied
Svenska Handelsbanken Ab (Publ)
Standard security1 property20/07/201125/04/2017
satisfied
Svenska Handelsbanken Ab (Publ)
Standard security1 property20/07/201125/04/2017
satisfied
Svenska Handelsbanken Ab (Publ)
Standard security1 property20/07/201125/04/2017
satisfied
Svenska Handelsbanken Ab (Publ)
Standard security1 property20/07/201125/04/2017
satisfied
Svenska Handelsbanken Ab (Publ)
Standard security1 property20/07/201125/04/2017
satisfied
Svenska Handelsbanken Ab (Publ)
Standard security1 property20/07/201125/04/2017
satisfied
Svenska Handelsbanken Ab
Standard security1 property20/07/201125/04/2017
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Svenska Handelsbanken Ab
Standard security1 property20/07/201125/04/2017
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Svenska Handlesbanken Ab
Standard security1 property20/07/201125/04/2017
satisfied
Svenska Handelsbanken Ab
Standard security1 property20/07/201125/04/2017
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Svenska Handelsbanken Ab
Standard security1 property20/07/201125/04/2017
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Svenska Handelsbanken Ab
Standard security1 property20/07/201125/04/2017
satisfied
Svenska Handelsbanken Ab
Standard security1 property20/07/201125/04/2017
satisfied
Svenska Handelsbanken Ab
Standard security1 property20/07/201125/04/2017
satisfied
Svenska Handelsbanken Ab (Publ)
Standard security1 property20/07/201125/04/2017
satisfied
Svenska Handelsbanken Ab (Publ)
Standard security1 property20/07/201125/04/2017
satisfied
Svenska Handelsbanken Ab (Publ)
Standard security1 property20/07/201125/04/2017
satisfied
Svenska Handelsbanken Ab (Publ)
Standard security1 property20/07/201125/04/2017
satisfied
Svenska Handelsbanken Ab (Publ)
Standard security1 property20/07/201125/04/2017
satisfied
Svenska Handelsbanken Ab (Publ)
Standard security1 property20/07/201125/04/2017
satisfied
Svenska Handelsbanken Ab (Publ)
Standard security1 property20/07/201125/04/2017
satisfied
Svenska Hanselsbanken Ab (Publ)
Bond & floating charge1 property29/06/201127/04/2017
satisfied
Lloyds Banking Group
Royal Bank of Scotland PLC
Standard security1 property04/08/201025/04/2017
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property14/11/200725/04/2017
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property09/11/200725/04/2017
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security2 properties30/05/200610/03/2009
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property03/08/200412/02/2008
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property13/07/200425/04/2017
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property13/07/200425/04/2017
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property13/07/200425/04/2017
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property13/07/200425/04/2017
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property13/07/200425/04/2017
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property13/07/200425/04/2017
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property13/07/200425/04/2017
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property13/07/200425/04/2017
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property13/07/200425/04/2017
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property13/07/200425/04/2017
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property13/07/200425/04/2017
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property13/07/200412/02/2008
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property13/07/200425/04/2017
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property13/07/200425/04/2017
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property13/07/200425/04/2017
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property13/07/200412/02/2008
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property13/07/200425/04/2017
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property13/07/200425/04/2017
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property13/07/200425/04/2017
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property13/07/200425/04/2017
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property13/07/200403/08/2006
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property13/07/200412/02/2008
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property13/07/200425/04/2017
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property13/07/200425/04/2017
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property13/07/200403/08/2006
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property13/07/200425/04/2017
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property13/07/200403/08/2006
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property13/07/200425/04/2017
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property02/06/200414/07/2011

Recent filings (289 total)

gazette-dissolved-voluntary
gazette · GAZ2(A)
2017-09-05
gazette-notice-voluntary
gazette · GAZ1(A)
2017-06-20
dissolution-application-strike-off-company
dissolution · DS01
2017-06-14
mortgage-satisfy-charge-full
mortgage · MR04
2017-04-27
mortgage-satisfy-charge-full
mortgage · MR04
2017-04-25
mortgage-satisfy-charge-full
mortgage · MR04
2017-04-25
mortgage-satisfy-charge-full
mortgage · MR04
2017-04-25
mortgage-satisfy-charge-full
mortgage · MR04
2017-04-25
mortgage-satisfy-charge-full
mortgage · MR04
2017-04-25
mortgage-satisfy-charge-full
mortgage · MR04
2017-04-25
mortgage-satisfy-charge-full
mortgage · MR04
2017-04-25
mortgage-satisfy-charge-full
mortgage · MR04
2017-04-25
mortgage-satisfy-charge-full
mortgage · MR04
2017-04-25
mortgage-satisfy-charge-full
mortgage · MR04
2017-04-25
mortgage-satisfy-charge-full
mortgage · MR04
2017-04-25