WELL GEAR LIMITED
⚰️Wound downdissolved
SC353793 · ltd · incorporated 2009-01-21
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: Non-trading company
Sector: Professional, scientific & technical
Investor take
Pass (distressed without resilience)Distressed dormant / non-trading — structural issues outweigh the discount.
Opportunity 63/100 (worth a look), bankability 70/100. Strong seller-intent signal (78/100, director aged 79). 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 (48/100)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
3 officers (3 active, 3 linked, 2 with DOB)
83
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
3 connected companies via shared directors
54
Filing history
13 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 (18 events)Click to expand
- 2013-02-22📄gazette-dissolved-voluntarygazette · GAZ2(A)
- 2013-02-22🏁Company dissolved
- 2012-11-02📄gazette-notice-voluntarygazette · GAZ1(A)
- 2012-10-22📄dissolution-application-strike-off-companydissolution · DS01
- 2012-01-26📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2011-10-07📄accounts-with-accounts-type-dormantaccounts · AA
- 2011-02-02📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2010-10-21📄accounts-with-accounts-type-dormantaccounts · AA
- 2010-02-10📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2010-02-10📄change-person-director-company-with-change-dateofficers · CH01
- 2010-02-10📄change-corporate-secretary-company-with-change-dateofficers · CH04
- 2009-03-03📄legacyofficers · 288a
- 2009-03-03📄legacycapital · 88(2)
- 2009-02-15➕INNES, Fraser appointeddirector
- 2009-01-21🏢Company incorporatedAs WELL GEAR LIMITED
- 2009-01-21➕MESSRS RAEBURN CHRISTIE CLARK & WALLACE appointedcorporate-secretary
- 2009-01-21➕SIMPSON, Neil Andrew Abercrombie appointeddirector
- 2009-01-21📄incorporation-companyincorporation · NEWINC
Owner dependency
88/100
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 17 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 79 — succession pressure is live.
- +No director turnover: Company is 17 years old with no director changes — suggests a very tight-knit founder team never broadened.
Succession & seller-readiness
89/100
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 79 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 17 years.
- secondaryStable-but-static management: Company is 17 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 2013-02-22
🔒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 · Holding company · AB postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| THE RUTLAND (EDINBURGH) LIMITED→ SC247306 · est 2003 | £6.24M £5.31M–£7.18M | — | £6.24M | — | 23y | 82 | 77y |
| HERD HOLDINGS LIMITED→ SC254945 · est 2003 | £236.6k £201.1k–£272.1k | — | £236.6k | — | 22y | 82 | 78y |
| THE DON FISHING COMPANY (TRAWLING) LIMITED→ SC133042 · est 1991 | £172.7k £146.8k–£198.6k | — | £172.7k | — | 34y | 82 | 77y |
| LONDON SHETLAND SECURITIES LIMITED→ SC192120 · est 1998 | £5.6k £4.8k–£6.5k | — | £5.6k | — | 27y | 82 | 69y |
| DON FISHING COMPANY (FRASERBURGH) LIMITED (THE)→ SC092365 · est 1985 | £2.0k £1.7k–£2.3k | — | £2.0k | — | 41y | 82 | 77y |
| BANFFSHIRE FISHSELLING COMPANY LIMITED→ SC054512 · est 1973 | £2 £2–£2 | — | £2 | — | 52y | 82 | 77y |
| INTEROCEAN GROUP SERVICES LIMITED→ SC484003 · est 2014 | — | — | — | 0 | 11y | 94 | 63y |
| SODEXO REMOTE SITES SUPPORT SERVICES LIMITED→ SC161470 · est 1995 | — | — | — | 0 | 30y | 84 | 58y |
| BALMORAL COMPOSITES LIMITED→ SC234546 · est 2002 · no financials extracted | — | — | — | — | 23y | 83 | 86y |
| BALMORAL GROUP HOLDINGS LIMITED→ SC277480 · est 2004 · no financials extracted | — | — | — | — | 21y | 83 | 86y |
| CLIPPER HOLDINGS LIMITED→ SC103809 · est 1987 · no financials extracted | — | — | — | — | 39y | 83 | 74y |
| SCARBOROUGH GROUP INTERNATIONAL LIMITED→ SC319817 · est 2007 · no financials extracted | — | — | — | — | 19y | 83 | 78y |
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
Incorporated2009-01-21
Jurisdictionscotland
Primary SIC74990 — Non-trading company
Registered office
12-16 Albyn Place
Aberdeen
AB10 1PS
Filing status
Accounts
Next due: —
Last made up to: 2011-01-31
Confirmation statement
Next due: —
Last: —
Officers (0 active · 0 resigned)
MESSRS RAEBURN CHRISTIE CLARK & WALLACE→
Activecorporate-secretary · appointed 2009-01-21
View their other companies + combined net worth →
INNES, Fraser→
Activedirector · ~66y · appointed 2009-02-15
View their other companies + combined net worth →
SIMPSON, Neil Andrew Abercrombie→
Activedirector · ~79y · appointed 2009-01-21
View their other companies + combined net worth →
Click a director name to see their full track record across all companies.
Recent filings (13 total)
gazette-dissolved-voluntary
gazette · GAZ2(A)
2013-02-22
gazette-notice-voluntary
gazette · GAZ1(A)
2012-11-02
dissolution-application-strike-off-company
dissolution · DS01
2012-10-22
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2012-01-26
accounts-with-accounts-type-dormant
accounts · AA
2011-10-07
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2011-02-02
accounts-with-accounts-type-dormant
accounts · AA
2010-10-21
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2010-02-10
change-person-director-company-with-change-date
officers · CH01
2010-02-10
change-corporate-secretary-company-with-change-date
officers · CH04
2010-02-10
legacy
officers · 288a
2009-03-03
legacy
capital · 88(2)
2009-03-03
incorporation-company
incorporation · NEWINC
2009-01-21