HARPBOND LIMITED

⚰️Wound downdissolved
SC265924 · ltd · incorporated 2004-04-02
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
63/100
Worth a look
🔔
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What this business does
Primary activity: SIC 45200
Sector: Wholesale & retail
Investor take
Pass (distressed without resilience)
Distressed unclear — structural issues outweigh the discount.

Opportunity 63/100 (worth a look), bankability 70/100. Strong seller-intent signal (78/100, director aged 73). 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 (65/100).

Data confidence

Overall: low (47/100)

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
Confirmed no charges registered
85
Directors & officers
5 officers (3 active, 5 linked, 2 with DOB)
78
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
2 connected companies via shared directors
51
Filing history
33 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
63/100Worth 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
90
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 (34 events)Click to expand
  1. 2013-03-22
    📄
    gazette-dissolved-compulsory
    gazette · GAZ2
  2. 2013-03-22
    🏁
    Company dissolved
  3. 2012-11-30
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  4. 2012-08-15
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  5. 2012-08-14
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  6. 2012-08-03
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  7. 2012-05-29
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  8. 2011-06-16
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  9. 2011-05-30
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  10. 2010-06-01
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  11. 2010-04-24
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  12. 2010-04-24
    📄
    change-person-director-company-with-change-date
    officers · CH01
  13. 2010-04-24
    📄
    change-person-director-company-with-change-date
    officers · CH01
  14. 2009-06-24
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2009-06-09
    📄
    legacy
    annual-return · 363a
  16. 2008-07-01
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  17. 2008-06-04
    📄
    legacy
    annual-return · 363a
  18. 2008-06-04
    📄
    legacy
    officers · 288c
  19. 2007-07-13
    📄
    legacy
    annual-return · 363a
  20. 2007-07-03
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  21. 2007-01-11
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  22. 2006-07-14
    📄
    accounts-with-made-up-date
    accounts · AA
  23. 2006-07-13
    📄
    legacy
    accounts · 225
  24. 2006-05-08
    📄
    legacy
    annual-return · 363a
  25. 2006-05-08
    📍
    legacy
    address · 287
  26. 2006-01-30
    📄
    legacy
    accounts · 225
  27. 2004-09-10
    COWAN, Philip appointed
    secretary
  28. 2004-09-10
    COWAN, Philip appointed
    director
  29. 2004-09-10
    FINDLAY, Robert Allan appointed
    director
  30. 2004-09-10
    ACS SECRETARIES LIMITED resigned
    corporate-nominee-secretary
  31. 2004-09-10
    ACS NOMINEES LIMITED resigned
    corporate-nominee-director
  32. 2004-04-02
    🏢
    Company incorporated
    As HARPBOND LIMITED
  33. 2004-04-02
    ACS SECRETARIES LIMITED appointed
    corporate-nominee-secretary
  34. 2004-04-02
    ACS NOMINEES LIMITED appointed
    corporate-nominee-director

Owner dependency

83/100
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 73 — succession pressure is live.

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 73 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 ·
Company dissolved
high

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

Evidence: Dissolved on 2013-03-22

🔒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.

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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
Incorporated2004-04-02
Jurisdictionscotland
Primary SIC45200 — SIC 45200

Registered office

15a Great Stuart Street
Edinburgh
EH3 7TP

Filing status

Accounts
Next due:
Last made up to: 2010-08-31
Confirmation statement
Next due:
Last:

Officers (0 active · 2 resigned)

COWAN, Philip
secretary · appointed 2004-09-10
View their other companies + combined net worth →
Active
COWAN, Philip
director · ~73y · appointed 2004-09-10
View their other companies + combined net worth →
Active
FINDLAY, Robert Allan
director · ~61y · appointed 2004-09-10
View their other companies + combined net worth →
Active
ACS SECRETARIES LIMITED
corporate-nominee-secretary · appointed 2004-04-02 · resigned 2004-09-10
Resigned
ACS NOMINEES LIMITED
corporate-nominee-director · appointed 2004-04-02 · resigned 2004-09-10
Resigned

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

Recent filings (33 total)

gazette-dissolved-compulsory
gazette · GAZ2
2013-03-22
gazette-notice-compulsory
gazette · GAZ1
2012-11-30
gazette-filings-brought-up-to-date
gazette · DISS40
2012-08-15
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2012-08-14
gazette-notice-compulsory
gazette · GAZ1
2012-08-03
change-account-reference-date-company-previous-shortened
accounts · AA01
2012-05-29
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2011-06-16
accounts-with-accounts-type-total-exemption-small
accounts · AA
2011-05-30
accounts-with-accounts-type-total-exemption-small
accounts · AA
2010-06-01
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2010-04-24
change-person-director-company-with-change-date
officers · CH01
2010-04-24
change-person-director-company-with-change-date
officers · CH01
2010-04-24
accounts-with-accounts-type-total-exemption-small
accounts · AA
2009-06-24
legacy
annual-return · 363a
2009-06-09
accounts-with-accounts-type-total-exemption-small
accounts · AA
2008-07-01