G.S. JOINERS LIMITED

⚰️Wound downdissolved
SC278305 · ltd · incorporated 2005-01-12
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 20.7y old — refinance window within 12 months
🔒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: Joinery installation
Sector: Construction
Investor take
Pass (distressed without resilience)
Distressed unclear — structural issues outweigh the discount.

Opportunity 62/100 (worth a look), bankability 70/100. Strong seller-intent signal (78/100, director aged 74). 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).

🏦

Refinance opportunity

5 live charges · 2 lenders · oldest 20.7y

50/100
clean up first

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

  • · Oldest live charge is 20.7 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
5 charges (5/5 with lender, 5/5 with type)
90
Directors & officers
5 officers (3 active, 5 linked, 2 with DOB)
78
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
46 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 (41 events)Click to expand
  1. 2018-03-13
    📄
    gazette-dissolved-voluntary
    gazette · GAZ2(A)
  2. 2018-03-13
    🏁
    Company dissolved
  3. 2018-02-10
    📄
    dissolution-voluntary-strike-off-suspended
    dissolution · SOAS(A)
  4. 2017-12-12
    📄
    gazette-notice-voluntary
    gazette · GAZ1(A)
  5. 2017-12-05
    📄
    dissolution-application-strike-off-company
    dissolution · DS01
  6. 2016-12-19
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  7. 2016-01-20
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  8. 2015-08-19
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  9. 2015-01-26
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  10. 2014-11-17
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  11. 2014-05-09
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  12. 2014-05-09
    🔓
    Charge satisfied #5
  13. 2014-04-08
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  14. 2014-04-08
    🔓
    Charge satisfied #2
  15. 2014-01-28
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  16. 2013-12-03
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  17. 2013-01-24
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  18. 2012-11-21
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  19. 2012-01-27
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  20. 2011-09-13
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  21. 2011-01-18
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  22. 2011-01-18
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  23. 2010-11-02
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  24. 2010-02-10
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  25. 2010-02-10
    📄
    change-person-director-company-with-change-date
    officers · CH01
  26. 2010-02-10
    📄
    change-person-director-company-with-change-date
    officers · CH01
  27. 2009-10-08
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  28. 2008-12-02
    🔒
    Charge registered #5
    Lender: Bank of Scotland PLC
  29. 2008-07-17
    🔒
    Charge registered #4
    Lender: Bank of Scotland PLC
  30. 2006-12-18
    🔒
    Charge registered #3
    Lender: The Governor and Company of the Bank of Scotland
  31. 2006-05-04
    🔓
    Charge satisfied #1
  32. 2006-01-11
    🔒
    Charge registered #2
    Lender: The Governor and Company of the Bank of Scotland
  33. 2005-09-05
    🔒
    Charge registered #1
    Lender: The Governor and Company of the Bank of Scotland
  34. 2005-01-12
    🏢
    Company incorporated
    As G.S. JOINERS LIMITED
  35. 2005-01-12
    ➕
    SPENCE, Rosemary appointed
    secretary
  36. 2005-01-12
    ➕
    SPENCE, Gary appointed
    director
  37. 2005-01-12
    ➕
    SPENCE, Ian Grant appointed
    director
  38. 2005-01-12
    ➕
    BRIAN REID LTD. appointed
    corporate-nominee-secretary
  39. 2005-01-12
    ➖
    BRIAN REID LTD. resigned
    corporate-nominee-secretary
  40. 2005-01-12
    ➕
    STEPHEN MABBOTT LTD. appointed
    corporate-nominee-director
  41. 2005-01-12
    ➖
    STEPHEN MABBOTT LTD. resigned
    corporate-nominee-director

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 21 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 74 — 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 74 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 21 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 21 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 2018-03-13

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.

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Ian Grant Spence
Individual · British · DOB 10/1952 · age 74
25–50%
—25-50% shares06/04/2016
Mr Gary Spence
Individual · British · DOB 08/1977 · age 49
25–50%
—25-50% 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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——520051y8776y
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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.

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Company details

Statusdissolved
Typeltd
Incorporated2005-01-12
Jurisdictionscotland
Primary SIC43320 — Joinery installation

Registered office

1a Cluny Square
Buckie
Moray
AB56 1AH

Filing status

Accounts
Next due: —
Last made up to: 2016-03-31
Confirmation statement
Next due: —
Last: —

Officers (0 active · 2 resigned)

SPENCE, Rosemary→
secretary · appointed 2005-01-12
View their other companies + combined net worth →
Active
SPENCE, Gary→
director · ~49y · appointed 2005-01-12
View their other companies + combined net worth →
Active
SPENCE, Ian Grant→
director · ~74y · appointed 2005-01-12
View their other companies + combined net worth →
Active
BRIAN REID LTD.→
corporate-nominee-secretary · appointed 2005-01-12 · resigned 2005-01-12
Resigned
STEPHEN MABBOTT LTD.→
corporate-nominee-director · appointed 2005-01-12 · resigned 2005-01-12
Resigned

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

Mortgages & charges

5
Total charges
2
Outstanding
1
Active lenders
Status:Lender:5 of 5 shown
TypeProperties
satisfied
Lloyds Banking Group
Bank of Scotland PLC
Standard security1 property02/12/200809/05/2014
outstanding
Lloyds Banking Group
Bank of Scotland PLC
Standard security1 property17/07/2008—
outstanding
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property18/12/2006—
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Bond & floating charge1 property11/01/200608/04/2014
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property05/09/200504/05/2006
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (46 total)

gazette-dissolved-voluntary
gazette · GAZ2(A)
2018-03-13
dissolution-voluntary-strike-off-suspended
dissolution · SOAS(A)
2018-02-10
gazette-notice-voluntary
gazette · GAZ1(A)
2017-12-12
dissolution-application-strike-off-company
dissolution · DS01
2017-12-05
confirmation-statement-with-updates
confirmation-statement · CS01
2017-01-23
accounts-with-accounts-type-total-exemption-small
accounts · AA
2016-12-19
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2016-01-20
accounts-with-accounts-type-total-exemption-small
accounts · AA
2015-08-19
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2015-01-26
accounts-with-accounts-type-total-exemption-small
accounts · AA
2014-11-17
mortgage-satisfy-charge-full
mortgage · MR04
2014-05-09
mortgage-satisfy-charge-full
mortgage · MR04
2014-04-08
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2014-01-28
accounts-with-accounts-type-total-exemption-small
accounts · AA
2013-12-03
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2013-01-24