ZANTHAS LIMITED

⚰️Wound downdissolved
SC329599 · ltd · incorporated 2007-08-20
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 17.6y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
59/100
Worth a look
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What this business does
Primary activity: Manufacture of metal structures and parts of structures
Sector: Manufacturing
Investor take
Pass (distressed without resilience)
Distressed unclear — structural issues outweigh the discount.

Opportunity 59/100 (worth a look), bankability 80/100. Strong seller-intent signal (78/100, director aged 92). 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 (73/100).

🏦

Refinance opportunity

1 live charge · oldest 17.6y

85/100
ready

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

  • · Oldest live charge is 17.6 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 15/100 — clean.

Data confidence

Overall: medium (59/100)

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
11 officers (2 active, 11 linked, 4 with DOB)
77
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
12 connected companies via shared directors
81
Filing history
63 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
59/100Worth 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
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 (45 events)Click to expand
  1. 2020-09-22
    📄
    gazette-dissolved-voluntary
    gazette · GAZ2(A)
  2. 2020-09-22
    🏁
    Company dissolved
  3. 2020-03-03
    📄
    gazette-notice-voluntary
    gazette · GAZ1(A)
  4. 2020-02-24
    📄
    dissolution-application-strike-off-company
    dissolution · DS01
  5. 2019-12-03
    📄
    capital-statement-capital-company-with-date-currency-figure
    capital · SH19
  6. 2019-12-03
    📄
    legacy
    capital · SH20
  7. 2019-12-03
    ⚠️
    legacy
    insolvency · CAP-SS
  8. 2019-12-03
    📄
    resolution
    resolution · RESOLUTIONS
  9. 2019-11-04
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2018-12-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2018-01-07
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2017-01-11
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  13. 2016-01-07
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  14. 2015-09-07
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  15. 2015-06-22
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  16. 2014-12-03
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  17. 2014-10-16
    ➖
    MILLS, Gerard James resigned
    director
  18. 2014-08-20
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  19. 2014-01-07
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  20. 2013-10-24
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  21. 2013-10-14
    ➕
    MILLS, Gerard James appointed
    director
  22. 2013-08-21
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  23. 2013-05-14
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  24. 2013-05-14
    🔓
    Charge satisfied #1
  25. 2013-01-04
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  26. 2012-02-23
    ➖
    LOUDEN, Derek William resigned
    secretary
  27. 2012-02-23
    ➖
    LOUDEN, Derek William resigned
    director
  28. 2011-07-05
    ➕
    LOUDEN, Derek William appointed
    secretary
  29. 2011-07-05
    ➖
    MACDONALD, Donald resigned
    secretary
  30. 2011-07-05
    ➕
    LOUDEN, Derek William appointed
    director
  31. 2010-09-17
    ➖
    BANKS, Graeme resigned
    secretary
  32. 2010-09-17
    ➕
    MACDONALD, Donald appointed
    secretary
  33. 2008-11-04
    ➕
    BANKS, Graeme appointed
    secretary
  34. 2008-11-04
    ➖
    MILLS, James Ronald resigned
    secretary
  35. 2008-11-03
    🔒
    Charge registered #1
    Lender: Royal Bank of Scotland PLC
  36. 2008-08-20
    ➕
    MILLS, James Ronald appointed
    secretary
  37. 2008-08-20
    ➖
    HMS SECRETARIES LIMITED resigned
    corporate-nominee-secretary
  38. 2007-08-21
    ➕
    MACLELLAN, Edmund Donald William appointed
    director
  39. 2007-08-21
    ➕
    MILLS, James Ronald appointed
    director
  40. 2007-08-21
    ➖
    HMS DIRECTORS LIMITED resigned
    corporate-nominee-director
  41. 2007-08-21
    ➖
    HMS SECRETARIES LIMITED resigned
    corporate-nominee-director
  42. 2007-08-20
    🏢
    Company incorporated
    As ZANTHAS LIMITED
  43. 2007-08-20
    ➕
    HMS SECRETARIES LIMITED appointed
    corporate-nominee-secretary
  44. 2007-08-20
    ➕
    HMS DIRECTORS LIMITED appointed
    corporate-nominee-director
  45. 2007-08-20
    ➕
    HMS SECRETARIES LIMITED appointed
    corporate-nominee-director

Owner dependency

83/100
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 19 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 92 — succession pressure is live.

Succession & seller-readiness

89/100
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 92 years old. Natural succession window is now.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondary12+ year tenure: Director in role 19 years.
  • secondaryStable-but-static management: Company is 19 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 ·
Company dissolved
high

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

Evidence: Dissolved on 2020-09-22

1 insolvency-related filing on record
high

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

Evidence: 2019-12-03: legacy

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Edmund Donald William Maclellan
Individual · British · DOB 01/1957 · age 69
50–75%
—50-75% shares06/04/2016
Mr James Ronald Mills
Individual · British · DOB 02/1934 · age 92
50–75%
—50-75% 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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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.

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Company details

Statusdissolved
Typeltd
Incorporated2007-08-20
Jurisdictionscotland
Primary SIC25110 — Manufacture of metal structures and parts of structures

Registered office

Coillemore
Newmore
Invergordon
Ross-Shire
IV18 0PG

Filing status

Accounts
Next due: —
Last made up to: 2019-03-31
Confirmation statement
Next due: —
Last: —

Officers (0 active · 9 resigned)

MACLELLAN, Edmund Donald William→
director · ~69y · appointed 2007-08-21
View their other companies + combined net worth →
Active
MILLS, James Ronald→
director · ~92y · appointed 2007-08-21
View their other companies + combined net worth →
Active
BANKS, Graeme→
secretary · appointed 2008-11-04 · resigned 2010-09-17
Resigned
LOUDEN, Derek William→
secretary · appointed 2011-07-05 · resigned 2012-02-23
Resigned
MACDONALD, Donald→
secretary · appointed 2010-09-17 · resigned 2011-07-05
Resigned
MILLS, James Ronald→
secretary · appointed 2008-08-20 · resigned 2008-11-04
Resigned
HMS SECRETARIES LIMITED→
corporate-nominee-secretary · appointed 2007-08-20 · resigned 2008-08-20
Resigned
LOUDEN, Derek William→
director · ~63y · appointed 2011-07-05 · resigned 2012-02-23
Resigned
MILLS, Gerard James→
director · ~61y · appointed 2013-10-14 · resigned 2014-10-16
Resigned
HMS DIRECTORS LIMITED→
corporate-nominee-director · appointed 2007-08-20 · resigned 2007-08-21
Resigned
HMS SECRETARIES LIMITED→
corporate-nominee-director · appointed 2007-08-20 · resigned 2007-08-21
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
Royal Bank of Scotland PLC
Floating charge1 property03/11/200814/05/2013

Recent filings (63 total)

gazette-dissolved-voluntary
gazette · GAZ2(A)
2020-09-22
gazette-notice-voluntary
gazette · GAZ1(A)
2020-03-03
dissolution-application-strike-off-company
dissolution · DS01
2020-02-24
capital-statement-capital-company-with-date-currency-figure
capital · SH19
2019-12-03
legacy
capital · SH20
2019-12-03
legacy
insolvency · CAP-SS
2019-12-03
resolution
resolution · RESOLUTIONS
2019-12-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-11-04
confirmation-statement-with-updates
confirmation-statement · CS01
2019-09-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-12-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2018-08-31
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-01-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2017-08-31
accounts-with-accounts-type-total-exemption-small
accounts · AA
2017-01-11
confirmation-statement-with-updates
confirmation-statement · CS01
2016-09-22