KELTIC CONNECTIONS LIMITED

⚰️Wound downdissolved
SC273852 · ltd · incorporated 2004-09-24
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 20.0y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
50/100
Worth a look
🔔
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What this business does
Primary activity: Licenced restaurants
Sector: Accommodation & food service
Investor take
Pass (distressed without resilience)
Distressed unclear — structural issues outweigh the discount.

Opportunity 50/100 (worth a look), bankability 60/100. High owner-dependency — earn-out structure likely required for clean transition. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: strategic trade sale (38/100). Current lenders should be on monthly review.

🏦

Refinance opportunity

1 live charge · oldest 20.0y

85/100
ready

Refinance conversation should be productive — structure clean and timing right.

  • · Oldest live charge is 20.0 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 15/100 — clean.

Data confidence

Overall: medium (57/100)

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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
13 officers (3 active, 13 linked, 6 with DOB)
79
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
5 connected companies via shared directors
60
Filing history
49 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
50/100Worth a look
PassWatchWorth a lookStrongExceptional 

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality
15
Concerning — overdue filings or status flags present.
Acquirability
65
Some acquirability indicators.
Risk profile
49
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 (51 events)Click to expand
  1. 2017-05-16
    📄
    gazette-dissolved-voluntary
    gazette · GAZ2(A)
  2. 2017-05-16
    🏁
    Company dissolved
  3. 2016-09-28
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  4. 2016-06-17
    📄
    dissolution-voluntary-strike-off-suspended
    dissolution · SOAS(A)
  5. 2016-05-24
    📄
    gazette-notice-voluntary
    gazette · GAZ1(A)
  6. 2016-05-17
    📄
    dissolution-application-strike-off-company
    dissolution · DS01
  7. 2015-10-09
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  8. 2015-06-29
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  9. 2014-09-29
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  10. 2014-06-12
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  11. 2013-11-04
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  12. 2013-06-27
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  13. 2012-10-13
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  14. 2012-05-30
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2011-10-18
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  16. 2011-10-18
    📄
    appoint-person-director-company-with-name
    officers · AP01
  17. 2011-10-01
    📄
    appoint-person-secretary-company-with-name
    officers · AP03
  18. 2011-10-01
    📄
    termination-secretary-company-with-name
    officers · TM02
  19. 2011-07-24
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  20. 2011-07-14
    ➕
    THAPAR, Shilpa appointed
    director
  21. 2011-03-01
    ➕
    THAPAR, Shilpa appointed
    secretary
  22. 2011-02-28
    ➖
    VIJAY, Thapar resigned
    secretary
  23. 2010-12-18
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  24. 2010-10-19
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  25. 2010-01-07
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  26. 2009-10-21
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  27. 2008-10-20
    📄
    legacy
    annual-return · 363a
  28. 2008-09-25
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  29. 2007-06-07
    ➖
    THAPAR, Tarun resigned
    secretary
  30. 2007-06-07
    ➕
    VIJAY, Thapar appointed
    secretary
  31. 2007-06-07
    ➖
    THAPAR, Tarun resigned
    director
  32. 2006-09-05
    🔓
    Charge satisfied #1
  33. 2006-08-31
    ➕
    THAPAR, Arun appointed
    director
  34. 2006-08-31
    ➖
    JOHNSTON, Anthony Joseph resigned
    secretary
  35. 2006-08-31
    ➕
    THAPAR, Tarun appointed
    secretary
  36. 2006-08-31
    ➖
    JOHNSTON, Anthony Joseph resigned
    director
  37. 2006-08-31
    ➖
    LIVINGSTON, Anne Marie resigned
    director
  38. 2006-08-31
    ➕
    THAPAR, Tarun appointed
    director
  39. 2006-08-02
    ➖
    GROVES, Gary resigned
    director
  40. 2006-08-02
    ➕
    LIVINGSTON, Anne Marie appointed
    director
  41. 2006-06-04
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  42. 2006-01-13
    ➖
    GROVES, Jennifer resigned
    secretary
  43. 2006-01-13
    ➕
    JOHNSTON, Anthony Joseph appointed
    secretary
  44. 2006-01-13
    ➕
    JOHNSTON, Anthony Joseph appointed
    director
  45. 2004-09-24
    🏢
    Company incorporated
    As KELTIC CONNECTIONS LIMITED
  46. 2004-09-24
    ➕
    GROVES, Jennifer appointed
    secretary
  47. 2004-09-24
    ➕
    BRIAN REID LTD. appointed
    corporate-nominee-secretary
  48. 2004-09-24
    ➖
    BRIAN REID LTD. resigned
    corporate-nominee-secretary
  49. 2004-09-24
    ➕
    GROVES, Gary appointed
    director
  50. 2004-09-24
    ➕
    STEPHEN MABBOTT LTD. appointed
    corporate-nominee-director
Showing most recent 50 of 51 events

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 20 years — deep operational knowledge concentrated in one person.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

54/100
Moderate signal

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

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondary12+ year tenure: Director in role 20 years.
  • secondaryStable-but-static management: Company is 22 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

2 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: 2017-06-30

Company dissolved
high

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

Evidence: Dissolved on 2017-05-16

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Arun Thapar
Individual · British · DOB 02/1978 · age 48
75–100%
75–100%board controlsig. influence75-100% shares · 75-100% voting · board control · significant influence06/04/2016

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

9 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
Incorporated2004-09-24
Jurisdictionscotland
Primary SIC56101 — Licenced restaurants

Registered office

Unit 8 Loch Lomond Shores
Balloch
Dunbartonshire
G83 8QL

Filing status

Accounts
Next due: 2017-06-30OVERDUE
Last made up to: 2015-09-30
Confirmation statement
Next due: —
Last: —

Officers (0 active · 10 resigned)

THAPAR, Shilpa→
secretary · appointed 2011-03-01
View their other companies + combined net worth →
Active
THAPAR, Arun→
director · ~48y · appointed 2006-08-31
View their other companies + combined net worth →
Active
THAPAR, Shilpa→
director · ~44y · appointed 2011-07-14
View their other companies + combined net worth →
Active
GROVES, Jennifer→
secretary · appointed 2004-09-24 · resigned 2006-01-13
Resigned
JOHNSTON, Anthony Joseph→
secretary · appointed 2006-01-13 · resigned 2006-08-31
Resigned
THAPAR, Tarun→
secretary · appointed 2006-08-31 · resigned 2007-06-07
Resigned
VIJAY, Thapar→
secretary · appointed 2007-06-07 · resigned 2011-02-28
Resigned
BRIAN REID LTD.→
corporate-nominee-secretary · appointed 2004-09-24 · resigned 2004-09-24
Resigned
GROVES, Gary→
director · ~71y · appointed 2004-09-24 · resigned 2006-08-02
Resigned
JOHNSTON, Anthony Joseph→
director · ~66y · appointed 2006-01-13 · resigned 2006-08-31
Resigned
LIVINGSTON, Anne Marie→
director · ~68y · appointed 2006-08-02 · resigned 2006-08-31
Resigned
THAPAR, Tarun→
director · ~52y · appointed 2006-08-31 · resigned 2007-06-07
Resigned
STEPHEN MABBOTT LTD.→
corporate-nominee-director · appointed 2004-09-24 · resigned 2004-09-24
Resigned

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

Mortgages & charges

1
Total charges
0
Outstanding
0
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property04/06/200605/09/2006

Recent filings (49 total)

gazette-dissolved-voluntary
gazette · GAZ2(A)
2017-05-16
confirmation-statement-with-updates
confirmation-statement · CS01
2016-09-29
accounts-with-accounts-type-total-exemption-small
accounts · AA
2016-09-28
dissolution-voluntary-strike-off-suspended
dissolution · SOAS(A)
2016-06-17
gazette-notice-voluntary
gazette · GAZ1(A)
2016-05-24
dissolution-application-strike-off-company
dissolution · DS01
2016-05-17
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2015-10-09
accounts-with-accounts-type-total-exemption-small
accounts · AA
2015-06-29
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2014-09-29
accounts-with-accounts-type-total-exemption-small
accounts · AA
2014-06-12
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2013-11-04
accounts-with-accounts-type-total-exemption-small
accounts · AA
2013-06-27
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2012-10-13
accounts-with-accounts-type-total-exemption-small
accounts · AA
2012-05-30
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2011-10-18