PENNAN LEISURE LTD.
⚰️Wound downdissolved
SC286767 · ltd · incorporated 2005-06-28
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
What this business does
Primary activity: SIC 7487
Sector: Professional, scientific & technical
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 69). 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 (51/100)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
7 officers (3 active, 7 linked, 4 with DOB)
81
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
12 connected companies via shared directors
81
Filing history
26 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 (38 events)Click to expand
- 2010-05-28📄gazette-dissolved-voluntarygazette · GAZ2(A)
- 2010-05-28🏁Company dissolved
- 2010-02-05📄gazette-notice-voluntarygazette · GAZ1(A)
- 2010-01-25📄dissolution-application-strike-off-companydissolution · DS01
- 2010-01-19📄termination-director-company-with-nameofficers · TM01
- 2010-01-19📄termination-director-company-with-nameofficers · TM01
- 2010-01-10➖NASH, Kenneth Paul resigneddirector
- 2010-01-10➖WATSON, Alexander resigneddirector
- 2009-07-10📄legacyannual-return · 363a
- 2009-07-10📄legacyofficers · 288c
- 2009-07-10📄legacyofficers · 288c
- 2009-05-01📄accounts-with-made-up-dateaccounts · AA
- 2009-04-29📄legacyofficers · 288a
- 2009-04-26➕RITCHIE, Sheila Ewan appointeddirector
- 2008-08-11📄legacyannual-return · 363a
- 2008-04-25📄accounts-with-made-up-dateaccounts · AA
- 2007-12-06📄legacyofficers · 288a
- 2007-07-13📄legacyannual-return · 363a
- 2007-06-05➕WATSON, Alexander appointeddirector
- 2006-08-08📄accounts-with-made-up-dateaccounts · AA
- 2006-07-24📄legacyannual-return · 363a
- 2006-07-24📄legacyofficers · 288c
- 2006-02-03➕THE GRANT SMITH LAW PRACTICE appointedcorporate-secretary
- 2006-02-03➕NASH, Margaret Janet Mair appointeddirector
- 2006-02-03➕NASH, Kenneth Paul appointeddirector
- 2006-02-03📄legacyofficers · 288a
- 2006-02-03📄legacyofficers · 288a
- 2006-02-03📄legacyofficers · 288a
- 2006-01-19📍legacyaddress · 287
- 2005-07-19📄legacyofficers · 288b
- 2005-07-19📄legacyofficers · 288b
- 2005-07-19📄resolutionresolution · RESOLUTIONS
- 2005-07-15➖BRIAN REID LTD. resignedcorporate-nominee-secretary
- 2005-07-15➖STEPHEN MABBOTT LTD. resignedcorporate-nominee-director
- 2005-07-15✏️certificate-change-of-name-companychange-of-name · CERTNM
- 2005-06-28🏢Company incorporatedAs PENNAN LEISURE LTD.
- 2005-06-28➕BRIAN REID LTD. appointedcorporate-nominee-secretary
- 2005-06-28➕STEPHEN MABBOTT LTD. appointedcorporate-nominee-director
Owner dependency
83/100
Critical — business is the founderThe 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 20 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 69 — succession pressure is live.
Succession & seller-readiness
86/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 63+: Senior director is approximately 69. Approaching typical UK retirement age — succession thinking likely.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- primary20+ year tenure: Director in role 20 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 ·Company dissolved
highCompany has been dissolved — it no longer legally exists. Any diligence here is historical only.
Evidence: Dissolved on 2010-05-28
🔒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 · Professional services · AB postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| STREAMLINE SHIPPING GROUP LIMITED→ SC131956 · est 1991 | £15.91M £11.73M–£20.10M | — | — | 0 | 35y | 83 | 74y |
| GENERAL OCEANS UK HOLDINGS LTD→ SC308386 · est 2006 | £9.77M £7.20M–£12.34M | — | — | 0 | 19y | 84 | 68y |
| HIGHLAND FUELS HOLDINGS LIMITED→ SC215790 · est 2001 | £9.50M £7.00M–£12.00M | — | — | 300 | 25y | 88 | 62y |
| CRAIGSHANNOCH LIMITED→ SC191743 · est 1998 | £5.90M £4.34M–£7.45M | £2.95M | — | 300 | 27y | 88 | 67y |
| HSB HOLDINGS LIMITED→ SC260511 · est 2003 | £3.58M £2.64M–£4.52M | — | — | 0 | 22y | 84 | 61y |
| T D C PARSONS PEEBLES LIMITED→ SC663297 · est 2020 | £2.76M £2.03M–£3.48M | £11.52M | — | 5100 | 5y | 87 | 77y |
| ROTECH HOLDINGS LIMITED→ SC148822 · est 1994 | £1.97M £1.45M–£2.49M | £453.6k | — | 0 | 32y | 92 | 58y |
| WELLTEC (UK) LTD.→ SC204742 · est 2000 | £134.9k £99.4k–£170.4k | £17.23M | — | 3200 | 26y | 85 | 62y |
| ACCURA MEASUREMENT LIMITED→ SC322109 · est 2007 | — | — | £5.47M | — | 19y | 83 | 60y |
| ALLEN ASSOCIATES (H.P.E.) LIMITED→ SC201596 · est 1999 · no financials extracted | — | — | — | — | 26y | 83 | 59y |
| BOURTREE INVESTMENTS LIMITED→ SC190868 · est 1998 | — | — | — | — | 27y | 83 | 61y |
| CONNECT NDT LIMITED→ SC205224 · est 2000 | — | — | — | — | 26y | 83 | 70y |
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.
See pricing →Company details
Statusdissolved
Typeltd
Incorporated2005-06-28
Jurisdictionscotland
Primary SIC7487 — SIC 7487
Registered office
Grant Smith Law Practice
Amicable House
252 Union Street
Aberdeen
AB10 1TN
Filing status
Accounts
Next due: —
Last made up to: 2008-06-30
Confirmation statement
Next due: —
Last: —
Officers (0 active · 4 resigned)
THE GRANT SMITH LAW PRACTICE→
Activecorporate-secretary · appointed 2006-02-03
View their other companies + combined net worth →
NASH, Margaret Janet Mair→
Activedirector · ~65y · appointed 2006-02-03
View their other companies + combined net worth →
RITCHIE, Sheila Ewan→
Activedirector · ~69y · appointed 2009-04-26
View their other companies + combined net worth →
BRIAN REID LTD.→
Resignedcorporate-nominee-secretary · appointed 2005-06-28 · resigned 2005-07-15
NASH, Kenneth Paul→
Resigneddirector · ~62y · appointed 2006-02-03 · resigned 2010-01-10
WATSON, Alexander→
Resigneddirector · ~64y · appointed 2007-06-05 · resigned 2010-01-10
STEPHEN MABBOTT LTD.→
Resignedcorporate-nominee-director · appointed 2005-06-28 · resigned 2005-07-15
Click a director name to see their full track record across all companies.
Recent filings (26 total)
gazette-dissolved-voluntary
gazette · GAZ2(A)
2010-05-28
gazette-notice-voluntary
gazette · GAZ1(A)
2010-02-05
dissolution-application-strike-off-company
dissolution · DS01
2010-01-25
termination-director-company-with-name
officers · TM01
2010-01-19
termination-director-company-with-name
officers · TM01
2010-01-19
legacy
annual-return · 363a
2009-07-10
legacy
officers · 288c
2009-07-10
legacy
officers · 288c
2009-07-10
accounts-with-made-up-date
accounts · AA
2009-05-01
legacy
officers · 288a
2009-04-29
legacy
annual-return · 363a
2008-08-11
accounts-with-made-up-date
accounts · AA
2008-04-25
legacy
officers · 288a
2007-12-06
legacy
annual-return · 363a
2007-07-13
accounts-with-made-up-date
accounts · AA
2006-08-08