LB MARINE LIMITED

⚰️Wound downdissolved
SC349759 · ltd · incorporated 2008-10-10
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 13.3y 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
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What this business does
Primary activity: SIC 42910
Sector: Construction
Investor take
Pass (distressed without resilience)
Distressed unclear — structural issues outweigh the discount.

Opportunity 54/100 (worth a look), bankability 55/100. Strong seller-intent signal (65/100, director aged 60). 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 (58/100). Current lenders should be on monthly review.

🏦

Refinance opportunity

1 live charge · oldest 13.3y

65/100
clean up first

Refinance viable after a tidy-up — address the highlighted items first.

  • · Oldest live charge is 13.3 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 35/100 — workable, but lender will want more DD.

Data confidence

Overall: low (49/100)

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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
8 officers (2 active, 8 linked, 5 with DOB)
83
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
4 connected companies via shared directors
57
Filing history
38 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 (42 events)Click to expand
  1. 2018-10-23
    ⚠️
    gazette-dissolved-liquidation
    gazette · GAZ2
  2. 2018-10-23
    🏁
    Company dissolved
  3. 2018-07-23
    ⚠️
    liquidation-voluntary-return-of-final-meeting-scotland
    insolvency · 4.26(Scot)
  4. 2014-10-02
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  5. 2014-10-02
    📄
    resolution
    resolution · RESOLUTIONS
  6. 2013-12-18
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  7. 2013-10-14
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  8. 2013-02-26
    📄
    legacy
    mortgage · MG01s
  9. 2013-02-07
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  10. 2012-12-17
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  11. 2012-11-13
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  12. 2011-12-23
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  13. 2011-10-20
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  14. 2011-10-20
    📍
    change-sail-address-company-with-old-address
    address · AD02
  15. 2011-10-20
    📄
    termination-director-company-with-name
    officers · TM01
  16. 2011-10-18
    📄
    termination-director-company-with-name
    officers · TM01
  17. 2011-10-18
    📄
    termination-secretary-company-with-name
    officers · TM02
  18. 2011-10-13
    ➖
    FORBES, William David resigned
    secretary
  19. 2011-10-13
    ➖
    FORBES, William David resigned
    director
  20. 2011-06-08
    ➖
    GARDNER, David Walker resigned
    director
  21. 2010-11-08
    ➕
    GARDNER, David Walker appointed
    director
  22. 2010-11-08
    📄
    appoint-person-director-company-with-name
    officers · AP01
  23. 2010-11-08
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  24. 2010-09-10
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  25. 2009-11-25
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  26. 2009-11-25
    📍
    move-registers-to-sail-company
    address · AD03
  27. 2009-11-25
    📄
    change-person-director-company-with-change-date
    officers · CH01
  28. 2009-11-25
    📍
    change-sail-address-company
    address · AD02
  29. 2009-11-25
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  30. 2008-12-16
    📍
    legacy
    address · 287
  31. 2008-12-04
    📄
    legacy
    capital · 88(2)
  32. 2008-11-28
    ➖
    FORBES, Carol Milligan resigned
    secretary
  33. 2008-11-28
    ➕
    FORBES, William David appointed
    secretary
  34. 2008-11-26
    ➕
    MACCOLL, David appointed
    director
  35. 2008-11-26
    ➕
    RUSSELL, Christopher Mcelroy appointed
    director
  36. 2008-10-10
    🏢
    Company incorporated
    As LB MARINE LIMITED
  37. 2008-10-10
    ➕
    FORBES, Carol Milligan appointed
    secretary
  38. 2008-10-10
    ➕
    BRIAN REID LTD. appointed
    corporate-secretary
  39. 2008-10-10
    ➖
    BRIAN REID LTD. resigned
    corporate-secretary
  40. 2008-10-10
    ➕
    FORBES, William David appointed
    director
  41. 2008-10-10
    ➕
    MABBOTT, Stephen George appointed
    director
  42. 2008-10-10
    ➖
    MABBOTT, Stephen George resigned
    director

Owner dependency

76/100
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.
  • +Long-tenure founder: Senior director has been in place 18 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 60 — approaching natural succession window.

Succession & seller-readiness

69/100
Strong succession signal

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

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 60. Early succession window.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • 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
high

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

Evidence: Dissolved on 2018-10-23

2 insolvency-related filings on record
high

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

Evidence: 2018-10-23: gazette-dissolved-liquidation; 2018-07-23: liquidation-voluntary-return-of-final-meeting-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 →

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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.

See pricing →

Company details

Statusdissolved
Typeltd
Incorporated2008-10-10
Jurisdictionscotland
Primary SIC42910 — SIC 42910

Registered office

Clyde Offices, 2nd Floor, 48 West George Street
Glasgow
G2 1BP

Filing status

Accounts
Next due: —
Last made up to: 2013-03-31
Confirmation statement
Next due: —
Last: —

Officers (0 active · 6 resigned)

MACCOLL, David→
director · ~58y · appointed 2008-11-26
View their other companies + combined net worth →
Active
RUSSELL, Christopher Mcelroy→
director · ~60y · appointed 2008-11-26
View their other companies + combined net worth →
Active
FORBES, Carol Milligan→
secretary · appointed 2008-10-10 · resigned 2008-11-28
Resigned
FORBES, William David→
secretary · appointed 2008-11-28 · resigned 2011-10-13
Resigned
BRIAN REID LTD.→
corporate-secretary · appointed 2008-10-10 · resigned 2008-10-10
Resigned
FORBES, William David→
director · ~60y · appointed 2008-10-10 · resigned 2011-10-13
Resigned
GARDNER, David Walker→
director · ~51y · appointed 2010-11-08 · resigned 2011-06-08
Resigned
MABBOTT, Stephen George→
director · ~76y · appointed 2008-10-10 · resigned 2008-10-10
Resigned

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Floating charge1 property07/02/2013—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (38 total)

gazette-dissolved-liquidation
gazette · GAZ2
2018-10-23
liquidation-voluntary-return-of-final-meeting-scotland
insolvency · 4.26(Scot)
2018-07-23
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2014-10-02
resolution
resolution · RESOLUTIONS
2014-10-02
accounts-with-accounts-type-total-exemption-small
accounts · AA
2013-12-18
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2013-10-14
legacy
mortgage · MG01s
2013-02-26
accounts-with-accounts-type-total-exemption-small
accounts · AA
2012-12-17
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2012-11-13
accounts-with-accounts-type-total-exemption-small
accounts · AA
2011-12-23
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2011-10-20
change-sail-address-company-with-old-address
address · AD02
2011-10-20
termination-director-company-with-name
officers · TM01
2011-10-20
termination-director-company-with-name
officers · TM01
2011-10-18
termination-secretary-company-with-name
officers · TM02
2011-10-18