N2 FERNTOWN 2 LIMITED
⚰️Wound downdissolved
SC334326 · ltd · incorporated 2007-11-22
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 18.0y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
54/100
Worth a look
What this business does
Primary activity: SIC 4545
Sector: Wholesale & retail
Investor take
Pass (distressed without resilience)Distressed unclear — structural issues outweigh the discount.
Opportunity 54/100 (worth a look), bankability 55/100. 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: 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 (50/100). Current lenders should be on monthly review.
🏦
Refinance opportunity
2 live charges · oldest 18.0y
55/100
too messy
Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.
- · Oldest live charge is 18.0 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Legal-friction score 45/100 (high).
Data confidence
Overall: low (52/100)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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
6 officers (5 active, 6 linked, 4 with DOB)
83
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
25 connected companies via shared directors
90
Filing history
40 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
54/100Worth a look
PassWatchWorth a lookStrongExceptional
Mixed signal. Worth opening the full target workup before deciding to pursue.
Business quality
10
Concerning — overdue filings or status flags present.
Acquirability
85
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 (36 events)Click to expand
- 2012-08-28⚠️gazette-dissolved-liquidationgazette · GAZ2
- 2012-08-28🏁Company dissolved
- 2012-05-28⚠️liquidation-in-administration-move-to-dissolution-scotlandinsolvency · 2.26B(Scot)
- 2011-12-19⚠️liquidation-in-administration-proposals-scotlandinsolvency · 2.16B(Scot)
- 2011-10-26⚠️liquidation-in-administration-appointment-of-administrator-scotlandinsolvency · 2.11B(Scot)
- 2011-10-26📍change-registered-office-address-company-with-date-old-addressaddress · AD01
- 2011-09-30📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2011-09-29📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2011-09-29📄change-person-director-company-with-change-dateofficers · CH01
- 2011-09-29📄change-person-director-company-with-change-dateofficers · CH01
- 2010-11-27📄gazette-filings-brought-up-to-dategazette · DISS40
- 2010-11-26📄gazette-notice-compulsorygazette · GAZ1
- 2010-07-15📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2009-11-24📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2009-11-24📍move-registers-to-sail-companyaddress · AD03
- 2009-11-24📍change-sail-address-companyaddress · AD02
- 2009-11-24📄change-person-director-company-with-change-dateofficers · CH01
- 2009-11-24📄change-person-director-company-with-change-dateofficers · CH01
- 2009-11-24📄change-person-director-company-with-change-dateofficers · CH01
- 2009-11-24📄change-corporate-secretary-company-with-change-dateofficers · CH04
- 2009-01-29📄legacyannual-return · 363a
- 2009-01-29📍legacyaddress · 190
- 2009-01-29📍legacyaddress · 287
- 2009-01-29📍legacyaddress · 353
- 2008-08-19📄legacycapital · 88(2)
- 2008-06-25📄legacycapital · 88(2)
- 2008-05-14🔒Charge registered #2Lender: Clydesdale Bank PLC
- 2008-04-17🔒Charge registered #1Lender: Clydesdale Bank PLC
- 2008-03-13➕GULLAN, Neil Stuart appointeddirector
- 2008-03-13➕MCALLISTER, James Neil appointeddirector
- 2008-03-13➕WOOD, Geoffrey appointeddirector
- 2008-03-13➕WOOD, George John appointeddirector
- 2008-03-13➖MORTON FRASER DIRECTORS LIMITED resignedcorporate-nominee-director
- 2007-11-22🏢Company incorporatedAs N2 FERNTOWN 2 LIMITED
- 2007-11-22➕MORTON FRASER SECRETARIES LIMITED appointedcorporate-nominee-secretary
- 2007-11-22➕MORTON FRASER DIRECTORS LIMITED appointedcorporate-nominee-director
Owner dependency
73/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- -4 active directors: Broader management team in place — suggests transferable governance.
- +Long-tenure founder: Senior director has been in place 18 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 77 — succession pressure is live.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
83/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 77 years old. Natural succession window is now.
- secondary12+ year tenure: Director in role 18 years.
- secondaryStable-but-static management: Company is 18 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
highCompany has been dissolved — it no longer legally exists. Any diligence here is historical only.
Evidence: Dissolved on 2012-08-28
4 insolvency-related filings on record
highFilings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2012-08-28: gazette-dissolved-liquidation; 2012-05-28: liquidation-in-administration-move-to-dissolution-scotland
🔒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 · Automotive · G postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| DOMINIUM VERITAS LTD→ SC828237 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| DOYEN AUTO SERVICES LTD→ SC756561 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| DRIVE GROUP LTD→ SC333359 · est 2007 · no financials extracted | — | — | — | — | 18y | — | — |
| DUST SCOTLAND LTD→ SC588766 · est 2018 · no financials extracted | — | — | — | — | 8y | — | — |
| EHD COMMERCIALS LTD→ SC849997 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| ELDERS OF KIRKINTILLOCH LIMITED→ SC122696 · est 1990 · no financials extracted | — | — | — | — | 36y | — | — |
| EMAN AUTOS LTD→ SC633309 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| FAE MOTORS LTD→ SC662843 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| FERRYFIELD GARAGE LIMITED→ SC473535 · est 2014 · no financials extracted | — | — | — | — | 12y | — | — |
| FERRYMILL MOTORS LTD→ SC643332 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| FEU ORANGE LTD→ SC592494 · est 2018 · no financials extracted | — | — | — | — | 8y | — | — |
| FIFE TRADE VAN & CAR CENTRE LIMITED→ SC468609 · est 2014 · no financials extracted | — | — | — | — | 12y | — | — |
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
Incorporated2007-11-22
Jurisdictionscotland
Primary SIC4545 — SIC 4545
Registered office
Finlay House
10-14 West Nile Street
Glasgow
G1 2PP
Filing status
Accounts
Next due: —
Last made up to: 2009-11-30
Confirmation statement
Next due: —
Last: —
Officers (0 active · 1 resigned)
MORTON FRASER SECRETARIES LIMITED→
Activecorporate-nominee-secretary · appointed 2007-11-22
View their other companies + combined net worth →
GULLAN, Neil Stuart→
Activedirector · ~68y · appointed 2008-03-13
View their other companies + combined net worth →
MCALLISTER, James Neil→
Activedirector · ~66y · appointed 2008-03-13
View their other companies + combined net worth →
WOOD, Geoffrey→
Activedirector · ~73y · appointed 2008-03-13
View their other companies + combined net worth →
WOOD, George John→
Activedirector · ~77y · appointed 2008-03-13
View their other companies + combined net worth →
MORTON FRASER DIRECTORS LIMITED→
Resignedcorporate-nominee-director · appointed 2007-11-22 · resigned 2008-03-13
Click a director name to see their full track record across all companies.
Mortgages & charges
2
Total charges
2
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Virgin Money Clydesdale Bank PLC | Standard security | 1 property | 14/05/2008 | — | |
| outstanding | Virgin Money Clydesdale Bank PLC | Floating charge | 1 property | 17/04/2008 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (40 total)
gazette-dissolved-liquidation
gazette · GAZ2
2012-08-28
liquidation-in-administration-move-to-dissolution-scotland
insolvency · 2.26B(Scot)
2012-05-28
liquidation-in-administration-proposals-scotland
insolvency · 2.16B(Scot)
2011-12-19
liquidation-in-administration-appointment-of-administrator-scotland
insolvency · 2.11B(Scot)
2011-10-26
change-registered-office-address-company-with-date-old-address
address · AD01
2011-10-26
accounts-with-accounts-type-total-exemption-small
accounts · AA
2011-09-30
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2011-09-29
change-person-director-company-with-change-date
officers · CH01
2011-09-29
change-person-director-company-with-change-date
officers · CH01
2011-09-29
gazette-filings-brought-up-to-date
gazette · DISS40
2010-11-27
gazette-notice-compulsory
gazette · GAZ1
2010-11-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2010-07-15
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2009-11-24
move-registers-to-sail-company
address · AD03
2009-11-24
change-sail-address-company
address · AD02
2009-11-24