RIVER KELVIN PROPERTIES (BROOMHILL) LIMITED

⚰️Wound downdissolved

SC281386 · ltd · incorporated 2005-03-10

Investment thesis

Company dissolved — 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

—

year to Mar 2019

Net worth

£4.18M

book net assets

Opportunity

50/100

Worth a look

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What this business does

Primary activity: Other business support service activities n.e.c.

Sector: Administrative & support services

Investor take

Pass (distressed without resilience)

Distressed asset-holding vehicle — structural issues outweigh the discount.

Opportunity 50/100 (worth a look), bankability 52/100. Strong seller-intent signal (75/100, director aged 58). Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (58/100). Current lenders should be on monthly review.

🏦

Refinance opportunity

7 live charges · 3 lenders · oldest 10.5y

15/100

under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

· Oldest live charge is 10.5 years old — likely at or near maturity.
· 3 lenders named — inter-creditor friction likely.
· Cashflow trend is negative — lender view likely cautious.

Data confidence

Overall: high (80/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile

address, 1 SIC codes, incorporation date

100

Financials

2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed

Lenders & charges

7 charges (7/7 with lender, 7/7 with type)

Directors & officers

5 officers (2 active, 5 linked, 1 with DOB)

Ownership & PSC

1 active PSC(s) of 1 total, 1 with control declared

Director network

10 connected companies via shared directors

Filing history

64 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

50/100Worth a look

PassWatchWorth a lookStrongExceptional

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

Business quality

Concerning — overdue filings or status flags present.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Multiple red flags — proceed with caution.

Signal strength

100

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared

Positive net assets

Net assets £4,177,112

Cash draining

Cash down 47% YoY

Cash YoY

-47%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£107k

↓ 47% YoY

Net Worth

£4.2m

↑ 160% YoY

Current Assets

£7.2m

↑ 144% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2019-03-30	2018-03-30
Total assets	£4.18M	£1.61M
Current assets	£7.19M	£2.95M
Cash	£107.2k	£203.3k
Debtors	£7.09M	£812.7k
Net assets	£4.18M	£1.61M

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

1 signal detected in this company's narrative notes — going-concern language, audit opinion, contingent liabilities, related-party transactions.

Available from the Pro tier upwards.

See pricing →

Recent activity

Last 30 days

filings

Last 90 days

filings

Last 180 days

filings

Counts from Companies House filing history.

Corporate timeline (46 events)Click to expand

2022-11-23
⚠️
gazette-dissolved-liquidation
gazette · GAZ2
2022-11-23
🏁
Company dissolved
2022-08-23
⚠️
liquidation-voluntary-members-return-of-final-meeting-scotland
insolvency · LIQ13(Scot)
2019-12-19
📄
resolution
resolution · RESOLUTIONS
2019-06-26
📄
gazette-filings-brought-up-to-date
gazette · DISS40
2019-06-25
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-06-25
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-06-04
📄
gazette-notice-compulsory
gazette · GAZ1
2019-02-06
📄
mortgage-satisfy-charge-full
mortgage · MR04
2019-02-06
📄
mortgage-satisfy-charge-full
mortgage · MR04
2019-02-06
🔓
Charge satisfied #7
2019-02-06
🔓
Charge satisfied #2
2019-01-15
📄
mortgage-satisfy-charge-full
mortgage · MR04
2019-01-15
🔓
Charge satisfied #5
2018-12-28
📄
change-account-reference-date-company-previous-shortened
accounts · AA01
2018-05-23
📄
mortgage-create-with-deed
mortgage · MR01
2018-05-05
📄
mortgage-satisfy-charge-full
mortgage · MR04
2018-05-05
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2018-05-05
🔓
Charge satisfied #6
2018-05-03
🔒
Charge registered #7
Lender: Bank of Scotland PLC
2018-04-06
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2018-04-04
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2018-04-04
🔒
Charge registered #6
Lender: Bank of Scotland PLC
2018-03-29
🔒
Charge registered #5
Lender: Bank of Scotland PLC
2017-12-22
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2017-11-30
📄
mortgage-satisfy-charge-full
mortgage · MR04
2017-11-30
🔓
Charge satisfied #3
2017-11-21
📄
mortgage-satisfy-charge-full
mortgage · MR04
2017-11-21
🔓
Charge satisfied #4
2017-03-10
📄
mortgage-alter-charge-with-charge-number-charge-creation-date
mortgage · MR07
2017-03-10
📄
mortgage-alter-charge-with-charge-number-charge-creation-date
mortgage · MR07
2017-03-03
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2017-02-14
🔒
Charge registered #4
Lender: Close Brothers Limited
2016-12-28
🔒
Charge registered #3
Lender: Close Brothers Limited
2016-03-01
🔓
Charge satisfied #1
2016-02-11
🔒
Charge registered #2
Lender: Glasgow City Council
2015-12-29
🔒
Charge registered #1
Lender: Glasgow City Council
2005-03-10
🏢
Company incorporated
As RIVER KELVIN PROPERTIES (BROOMHILL) LIMITED
2005-03-10
➕
MCKECHNIE, Darren appointed
secretary
2005-03-10
➕
MCKECHNIE, Stephen John appointed
director
2005-03-10
➕
COSEC LIMITED appointed
corporate-nominee-secretary
2005-03-10
➖
COSEC LIMITED resigned
corporate-nominee-secretary
2005-03-10
➕
CODIR LIMITED appointed
corporate-nominee-director
2005-03-10
➖
CODIR LIMITED resigned
corporate-nominee-director
2005-03-10
➕
COSEC LIMITED appointed
corporate-nominee-director
2005-03-10
➖
COSEC LIMITED resigned
corporate-nominee-director

Owner dependency

93/100

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

+Sole director: Only one active director — all governance concentrated on one person.
+Long-tenure founder: Senior director has been in place 21 years — deep operational knowledge concentrated in one person.
+Senior director age: Director aged approximately 58 — approaching natural succession window.

Succession & seller-readiness

85/100

Likely off-market candidate

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

SIGNALS

secondaryFounder aged 58+: Senior director is approximately 58. Early succession window.
primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
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

2 high · 1 med ·

Company dissolved

high

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

Evidence: Dissolved on 2022-11-23

2 insolvency-related filings on record

high

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

Evidence: 2022-11-23: gazette-dissolved-liquidation; 2022-08-23: liquidation-voluntary-members-return-of-final-meeting-scotland

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

1 active beneficial owner · dominant holder ≥75%

Name	Shares	Voting rights	Nature of control	Notified
Mr Stephen John Mckechnie Individual · British · DOB 09/1968 · age 58	75–100%	75–100%	board control75-100% shares · 75-100% voting · board control	06/04/2016

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 · Trade services · G postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
MID GAVIN NURSERY LIMITED→ SC219812 · est 2001	£447.6k £335.7k–£559.5k	£692.7k	—	2100	25y	84	78y
NISTAPLOX LIMITED→ SC180067 · est 1997	£38.8k £29.1k–£48.6k	£26.9k	—	0	28y	86	79y
ACTIVE ENERGY SOLUTIONS LTD.→ SC230311 · est 2002	—	—	£1.56M	—	24y	83	60y
ADVARIAN PROPERTIES LTD→ SC248314 · est 2003	—	—	£582.9k	—	23y	83	70y
AG (MANAGEMENT SERVICES) LTD→ SC339541 · est 2008	—	—	£3.09M	—	18y	83	59y
AMG WARRANTIES LIMITED→ SC265646 · est 2004	—	—	—	0	22y	83	74y
BELGICA UK LIMITED→ SC235052 · est 2002	—	—	£1.81M	—	23y	83	62y
BILL'S TOOL STORE LIMITED→ SC365221 · est 2009	—	—	—	1300	16y	83	58y
BLUE SQUARE OFFICES LTD.→ SC203991 · est 2000 · no financials extracted	—	—	—	—	26y	83	65y
CAMSCAFF LTD.→ SC253590 · est 2003	—	—	£556.7k	—	22y	83	61y
CENTRIFUGE MAINTENANCE SERVICES LIMITED→ SC173406 · est 1997	—	—	—	—	29y	83	63y
CHAPPELL WHISKY BROKERS LIMITED→ SC180651 · est 1997	—	—	£2.12M	—	28y	83	74y

Peers ranked by estimated value, then turnover, then opportunity score.See all →

🔒Tailored diligence questions

10 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

Incorporated2005-03-10

Jurisdictionscotland

Primary SIC82990 — Other business support service activities n.e.c.

Registered office

6th Floor Gordon Chambers

90 Mitchell Street

Glasgow

G1 3NQ

Filing status

Accounts

Next due: —

Last made up to: 2019-03-30

Confirmation statement

Next due: —

Last: —

Officers (0 active · 3 resigned)

MCKECHNIE, Darren→

secretary · appointed 2005-03-10

View their other companies + combined net worth →

Active

MCKECHNIE, Stephen John→

director · ~58y · appointed 2005-03-10

View their other companies + combined net worth →

Active

COSEC LIMITED→

corporate-nominee-secretary · appointed 2005-03-10 · resigned 2005-03-10

Resigned

CODIR LIMITED→

corporate-nominee-director · appointed 2005-03-10 · resigned 2005-03-10

Resigned

COSEC LIMITED→

corporate-nominee-director · appointed 2005-03-10 · resigned 2005-03-10

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:7 of 7 shown

		Type	Properties
satisfied	Lloyds Banking Group Bank of Scotland PLC	A registered charge	1 property	03/05/2018	06/02/2019
satisfied	Lloyds Banking Group Bank of Scotland PLC	A registered charge	1 property	04/04/2018	05/05/2018
satisfied	Lloyds Banking Group Bank of Scotland PLC	A registered charge	—	29/03/2018	15/01/2019
satisfied	Close Brothers Close Brothers Limited	A registered charge	2 properties	14/02/2017	21/11/2017
satisfied	Close Brothers Close Brothers Limited	A registered charge	1 property	28/12/2016	30/11/2017
satisfied	Glasgow City Council	A registered charge	1 property	11/02/2016	06/02/2019
satisfied	Glasgow City Council	A registered charge	1 property	29/12/2015	01/03/2016

Recent filings (64 total)

gazette-dissolved-liquidation

gazette · GAZ2

2022-11-23

liquidation-voluntary-members-return-of-final-meeting-scotland

insolvency · LIQ13(Scot)

2022-08-23

resolution

resolution · RESOLUTIONS

2019-12-19

gazette-filings-brought-up-to-date

gazette · DISS40

2019-06-26

accounts-with-accounts-type-total-exemption-full

accounts · AA

2019-06-25

accounts-with-accounts-type-total-exemption-full

accounts · AA

2019-06-25

gazette-notice-compulsory

gazette · GAZ1

2019-06-04

confirmation-statement-with-updates

confirmation-statement · CS01

2019-03-12

mortgage-satisfy-charge-full

mortgage · MR04

2019-02-06

mortgage-satisfy-charge-full

mortgage · MR04

2019-02-06

mortgage-satisfy-charge-full

mortgage · MR04

2019-01-15

change-account-reference-date-company-previous-shortened

accounts · AA01

2018-12-28

mortgage-create-with-deed

mortgage · MR01

2018-05-23

mortgage-satisfy-charge-full

mortgage · MR04

2018-05-05

mortgage-create-with-deed-with-charge-number-charge-creation-date

mortgage · MR01

2018-05-05