2PURE LIMITED

⚰️Wound downdissolved

SC298940 · ltd · incorporated 2006-03-15

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

—

year to Dec 2021

Net worth

£823.2k

book net assets

Opportunity

45/100

Watch

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch

What this business does

Primary activity: Non-specialised wholesale trade

Sector: Wholesale & retail

Investor take

Pass (distressed without resilience)

Distressed unclear — structural issues outweigh the discount.

Opportunity 45/100 (watch), bankability 32/100. High owner-dependency — earn-out structure likely required for clean transition. Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: Consolidate lender relationships. 5 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 · 5 lenders · oldest 19.8y

15/100

under pressure

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

· Oldest live charge is 19.8 years old — likely at or near maturity.
· 5 lenders named — inter-creditor friction likely.
· Cashflow trend is negative — lender view likely cautious.

Data confidence

Overall: high (83/100)

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

14 officers (2 active, 14 linked, 6 with DOB)

Ownership & PSC

2 active PSC(s) of 3 total, 3 with control declared

Director network

16 connected companies via shared directors

Filing history

110 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

45/100Watch

PassWatchWorth a lookStrongExceptional

Not actionable now, but monitor — distressed, succession, or structural changes could flip this into a real opportunity.

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 £823,206

Cash draining

Cash down 96% YoY

Cash YoY

-96%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£20k

↓ 96% YoY

Net Worth

£823k

↑ 13% YoY

Current Assets

£3.9m

↑ 7.3% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2021-12-31	2020-12-31
Total assets	£1.41M	£1.48M
Current assets	£3.93M	£3.66M
Cash	£20.4k	£469.1k
Debtors	£817.0k	£908.0k
Net assets	£823.2k	£727.5k

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 (60 events)Click to expand

2025-08-20
⚠️
gazette-dissolved-liquidation
gazette · GAZ2
2025-08-20
🏁
Company dissolved
2025-05-20
⚠️
liquidation-in-administration-move-to-dissolution-scotland-2
insolvency · AM23(Scot)
2025-05-20
⚠️
liquidation-in-administration-progress-report-scotland
insolvency · AM10(Scot)
2024-12-02
⚠️
liquidation-in-administration-progress-report-scotland
insolvency · AM10(Scot)
2024-06-05
⚠️
liquidation-in-administration-progress-report-scotland
insolvency · AM10(Scot)
2024-04-30
⚠️
liquidation-in-administration-extension-of-period-scotland
insolvency · AM19(Scot)
2024-01-10
⚠️
liquidation-in-administration-appointment-of-a-replacement-or-additional-administrator-scotland
insolvency · AM11(Scot)
2024-01-10
⚠️
liquidation-in-administration-removal-of-administrator-from-office-scotland
insolvency · AM16(Scot)
2023-12-20
⚠️
liquidation-in-administration-progress-report-scotland
insolvency · AM10(Scot)
2023-09-06
⚠️
liquidation-in-administration-statement-of-affairs-with-form-attached-scotland
insolvency · AM02(Scot)
2023-07-31
⚠️
liquidation-in-administration-notice-deemed-approval-of-proposals-scotland
insolvency · AM06(Scot)
2023-07-11
⚠️
liquidation-in-administration-notice-administrators-proposals-scotland
insolvency · AM03(Scot)
2023-05-25
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-05-19
⚠️
liquidation-in-administration-appointment-of-administrator-scotland
insolvency · AM01(Scot)
2023-05-09
📄
termination-director-company-with-name-termination-date
officers · TM01
2023-05-03
➖
BOWIE, George Fergus resigned
director
2023-03-22
📄
termination-secretary-company-with-name-termination-date
officers · TM02
2023-03-22
📄
termination-director-company-with-name-termination-date
officers · TM01
2023-03-21
➖
BOWIE, Alison resigned
secretary
2023-03-21
➖
BOWIE, Alison resigned
director
2023-02-14
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2023-02-14
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-02-14
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2022-09-29
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-09-20
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-08-10
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2020-09-29
🔒
Charge registered #7
Lender: Coralinn LLP
2020-08-25
🔒
Charge registered #6
Lender: Hsbc UK Bank PLC
2020-08-25
🔒
Charge registered #5
Lender: Hsbc UK Bank PLC
2019-06-11
🔓
Charge satisfied #2
2019-04-15
🔒
Charge registered #4
Lender: Hsbc Invoice Finance (UK) LTD
2019-04-15
🔒
Charge registered #3
Lender: Hsbc UK Bank PLC
2018-12-21
➕
STEWART, Hugh appointed
director
2018-12-21
➕
WARDLAW, John Robert appointed
director
2018-12-21
➕
BOWIE, Alison appointed
director
2017-07-20
➖
LIBRIZZI, Marco resigned
director
2015-12-22
🔓
Charge satisfied #1
2015-02-05
➕
BOWIE, Alison appointed
secretary
2015-02-05
➖
PEARSON, James Douglas Irvine resigned
secretary
2011-08-09
🔒
Charge registered #2
Lender: Clydesdale Bank PLC
2008-11-01
➕
LIBRIZZI, Marco appointed
director
2007-11-30
➖
CRUIKSHANK, David resigned
secretary
2007-11-30
➕
PEARSON, James Douglas Irvine appointed
secretary
2006-12-08
➕
CRUIKSHANK, David appointed
secretary
2006-12-08
➖
HUTCHISON, Wendy Joan resigned
secretary
2006-08-18
🔒
Charge registered #1
Lender: Lloyds Tsb Commercial Finance Limited
2006-04-28
➕
HUTCHISON, Wendy Joan appointed
secretary
2006-04-28
➖
SKED, Iain resigned
secretary
2006-04-28
➖
BOWIE, Alison resigned
director

Showing most recent 50 of 60 events

Owner dependency

73/100

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.
+Founder age: Director aged approximately 69 — succession pressure is live.

Succession & seller-readiness

66/100

Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

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.
secondaryStable-but-static management: Company is 20 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

2 high · 1 med · 1 low

Company dissolved

high

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

Evidence: Dissolved on 2025-08-20

13 insolvency-related filings on record

high

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

Evidence: 2025-08-20: gazette-dissolved-liquidation; 2025-05-20: liquidation-in-administration-move-to-dissolution-scotland-2

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.

5 live charges

low

Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.

Group structure

Coralinn Llp holds 25-50% — a significant corporate investor but not a controlling parent.

🏛️

Coralinn Llp

Corporate parent · holds 25-50% shares

significant stake

⬇

2PURE LIMITED

This company · SC298940

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

2 active beneficial owners

Name	Shares	Voting rights	Nature of control	Notified
Coralinn Llp Corporate entity	25–50%	—	25-50% shares	15/03/2020
Mr George Fergus Bowie Individual · British · DOB 02/1966 · age 60	25–50%	—	25-50% shares	06/04/2016

1 historic (ceased) PSC

Mrs Alison Bowieceased 15/03/2020· 25-50% shares

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 · Wholesale & distribution · G postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
ALLIANCE SANITARY PRODUCTS LIMITED→ SC261393 · est 2004	£8.86M £6.65M–£11.08M	—	—	2900	22y	86	69y
FAILTE FOOD SERVICE LIMITED→ SC275128 · est 2004	£7.59M £5.69M–£9.48M	—	—	71	21y	85	66y
WESTSIDE DISTRIBUTION HOLDINGS LIMITED→ SC648056 · est 2019	£5.77M £4.33M–£7.21M	—	—	27	6y	84	67y
WESTSIDE DISTRIBUTION LIMITED→ SC365971 · est 2009	£5.77M £4.33M–£7.21M	—	—	27	16y	88	67y
SOUTHEAST TRADERS LIMITED→ SC235763 · est 2002	£4.00M £3.00M–£5.01M	—	—	26	23y	88	67y
SCO-FRO GROUP LIMITED→ SC057644 · est 1975	£2.74M £2.06M–£3.43M	—	—	20	51y	95	72y
D MCNAIR (BUILDERS MERCHANTS) LIMITED→ SC089357 · est 1984	£2.35M £1.76M–£2.93M	—	—	69	41y	85	63y
EAGLE TUBE AND FLANGES LIMITED→ SC084811 · est 1983	£2.14M £1.60M–£2.67M	—	—	1400	42y	83	70y
LEESHUN CATERING SUPPLIES LTD→ SC346276 · est 2008	£811.1k £608.3k–£1.01M	—	—	13	17y	83	69y
ANDREW MCDICKEN LIMITED→ SC034095 · est 1959	—	—	£8.7k	—	66y	83	63y
ASTRA HYGIENE SUPPLIES LIMITED→ SC122088 · est 1989	—	—	£335.1k	—	36y	83	81y
BAYMED HEALTHCARE LTD.→ SC062673 · est 1977	—	—	£77.1k	—	48y	83	59y

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

🔒Tailored diligence questions

11 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

Incorporated2006-03-15

Jurisdictionscotland

Primary SIC46900 — Non-specialised wholesale trade

Registered office

Frp Advisory Trading Limited Level 2

The Beacon, 176 St Vincent Street

Glasgow

G2 5SG

Filing status

Accounts

Next due: —

Last made up to: 2021-12-31

Confirmation statement

Next due: —

Last: 2023-03-15

Officers (0 active · 12 resigned)

STEWART, Hugh→

director · ~69y · appointed 2018-12-21

View their other companies + combined net worth →

Active

WARDLAW, John Robert→

director · ~62y · appointed 2018-12-21

View their other companies + combined net worth →

Active

BOWIE, Alison→

secretary · appointed 2015-02-05 · resigned 2023-03-21

Resigned

CRUIKSHANK, David→

secretary · appointed 2006-12-08 · resigned 2007-11-30

Resigned

HUTCHISON, Wendy Joan→

secretary · appointed 2006-04-28 · resigned 2006-12-08

Resigned

PEARSON, James Douglas Irvine→

secretary · appointed 2007-11-30 · resigned 2015-02-05

Resigned

SKED, Iain→

secretary · appointed 2006-03-15 · resigned 2006-04-28

Resigned

PETER TRAINER COMPANY SECRETARIES LTD.→

corporate-nominee-secretary · appointed 2006-03-15 · resigned 2006-03-15

Resigned

BOWIE, Alison→

director · ~63y · appointed 2018-12-21 · resigned 2023-03-21

Resigned

BOWIE, Alison→

director · ~63y · appointed 2006-03-15 · resigned 2006-04-28

Resigned

BOWIE, George Fergus→

director · ~60y · appointed 2006-04-28 · resigned 2023-05-03

Resigned

LIBRIZZI, Marco→

director · ~56y · appointed 2008-11-01 · resigned 2017-07-20

Resigned

PETER TRAINER COMPANY SECRETARIES LTD.→

corporate-nominee-director · appointed 2006-03-15 · resigned 2006-03-15

Resigned

PETER TRAINER CORPORATE SERVICES LTD.→

corporate-nominee-director · appointed 2006-03-15 · resigned 2006-03-15

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
outstanding	Coralinn Coralinn LLP	A registered charge	—	29/09/2020	—
outstanding	HSBC Hsbc UK Bank PLC	A registered charge	1 property	25/08/2020	—
outstanding	HSBC Hsbc UK Bank PLC	A registered charge	—	25/08/2020	—
outstanding	HSBC Hsbc Invoice Finance (UK) LTD	A registered charge	—	15/04/2019	—
outstanding	HSBC Hsbc UK Bank PLC	A registered charge	1 property	15/04/2019	—
satisfied	Virgin Money Clydesdale Bank PLC	Floating charge	1 property	09/08/2011	11/06/2019
satisfied	Lloyds Banking Group Lloyds Tsb Commercial Finance Limited	Floating charge	1 property	18/08/2006	22/12/2015

Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (110 total)

gazette-dissolved-liquidation

gazette · GAZ2

2025-08-20

liquidation-in-administration-move-to-dissolution-scotland-2

insolvency · AM23(Scot)

2025-05-20

liquidation-in-administration-progress-report-scotland

insolvency · AM10(Scot)

2025-05-20

liquidation-in-administration-progress-report-scotland

insolvency · AM10(Scot)

2024-12-02

liquidation-in-administration-progress-report-scotland

insolvency · AM10(Scot)

2024-06-05

liquidation-in-administration-extension-of-period-scotland

insolvency · AM19(Scot)

2024-04-30

liquidation-in-administration-appointment-of-a-replacement-or-additional-administrator-scotland

insolvency · AM11(Scot)

2024-01-10

liquidation-in-administration-removal-of-administrator-from-office-scotland

insolvency · AM16(Scot)

2024-01-10

liquidation-in-administration-progress-report-scotland

insolvency · AM10(Scot)

2023-12-20

liquidation-in-administration-statement-of-affairs-with-form-attached-scotland

insolvency · AM02(Scot)

2023-09-06

liquidation-in-administration-notice-deemed-approval-of-proposals-scotland

insolvency · AM06(Scot)

2023-07-31

liquidation-in-administration-notice-administrators-proposals-scotland

insolvency · AM03(Scot)

2023-07-11

change-registered-office-address-company-with-date-old-address-new-address

address · AD01

2023-05-25

liquidation-in-administration-appointment-of-administrator-scotland

insolvency · AM01(Scot)

2023-05-19

termination-director-company-with-name-termination-date

officers · TM01

2023-05-09