EXCHANGELAW (466) LIMITED

⚰️Wound downdissolved
SC373434 · ltd · incorporated 2010-02-22
Investment thesis
Company dissolved — not a live target.
Why interesting: Historical record only; useful for precedent research.
Why risky: Not transactable.
Why now
Window steady · low confidence
Stable recent picture — watch for any upcoming trigger event.
What changed my view
Last 30 days

No material changes in the last 30 days.

Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
61/100
Worth a look
🔔
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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 61/100 (worth a look), bankability 70/100. Strong seller-intent signal (63/100, director aged 72). 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 (47/100)

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
6 officers (3 active, 6 linked, 3 with DOB)
80
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
1 connected companies via shared directors
48
Filing history
21 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
61/100Worth 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
75
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 (32 events)Click to expand
  1. 2016-02-16
    📄
    gazette-dissolved-voluntary
    gazette · GAZ2(A)
  2. 2016-02-16
    🏁
    Company dissolved
  3. 2015-12-01
    📄
    gazette-notice-voluntary
    gazette · GAZ1(A)
  4. 2015-11-19
    📄
    dissolution-application-strike-off-company
    dissolution · DS01
  5. 2015-03-02
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  6. 2014-11-18
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  7. 2014-03-05
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  8. 2013-10-31
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  9. 2013-03-18
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  10. 2012-11-19
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  11. 2012-02-24
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  12. 2012-02-24
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  13. 2011-11-18
    📄
    capital-allotment-shares
    capital · SH01
  14. 2011-11-18
    📄
    termination-secretary-company-with-name
    officers · TM02
  15. 2011-11-18
    📄
    termination-director-company-with-name
    officers · TM01
  16. 2011-11-18
    📄
    termination-director-company-with-name
    officers · TM01
  17. 2011-11-18
    📄
    appoint-person-secretary-company-with-name
    officers · AP03
  18. 2011-11-18
    📄
    appoint-person-director-company-with-name
    officers · AP01
  19. 2011-11-18
    📄
    appoint-person-director-company-with-name
    officers · AP01
  20. 2011-11-15
    ➕
    TIERNEY, Edward appointed
    secretary
  21. 2011-11-15
    ➕
    MACDONALD, Morinne appointed
    director
  22. 2011-11-15
    ➕
    TIERNEY, Edward appointed
    director
  23. 2011-11-15
    ➖
    SHELF SECRETARY LIMITED resigned
    corporate-secretary
  24. 2011-11-15
    ➖
    BEVERIDGE, David Brannigan resigned
    director
  25. 2011-11-15
    ➖
    SHELF DIRECTOR LIMITED resigned
    corporate-director
  26. 2011-10-21
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  27. 2011-03-30
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  28. 2010-02-22
    🏢
    Company incorporated
    As EXCHANGELAW (466) LIMITED
  29. 2010-02-22
    ➕
    SHELF SECRETARY LIMITED appointed
    corporate-secretary
  30. 2010-02-22
    ➕
    BEVERIDGE, David Brannigan appointed
    director
  31. 2010-02-22
    ➕
    SHELF DIRECTOR LIMITED appointed
    corporate-director
  32. 2010-02-22
    📄
    incorporation-company
    incorporation · NEWINC

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 72 — 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 72 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 15 years.
  • secondaryStable-but-static management: Company is 16 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
high

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

Evidence: Dissolved on 2016-02-16

🔒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

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
Incorporated2010-02-22
Jurisdictionscotland
Primary SIC74990 — Non-trading company

Registered office

Standard Buildings (4th Fl.)
94 Hope Street
Glasgow
Lanarkshire
G2 6PH

Filing status

Accounts
Next due: —
Last made up to: 2014-02-28
Confirmation statement
Next due: —
Last: —

Officers (0 active · 3 resigned)

TIERNEY, Edward→
secretary · appointed 2011-11-15
View their other companies + combined net worth →
Active
MACDONALD, Morinne→
director · ~70y · appointed 2011-11-15
View their other companies + combined net worth →
Active
TIERNEY, Edward→
director · ~72y · appointed 2011-11-15
View their other companies + combined net worth →
Active
SHELF SECRETARY LIMITED→
corporate-secretary · appointed 2010-02-22 · resigned 2011-11-15
Resigned
BEVERIDGE, David Brannigan→
director · ~52y · appointed 2010-02-22 · resigned 2011-11-15
Resigned
SHELF DIRECTOR LIMITED→
corporate-director · appointed 2010-02-22 · resigned 2011-11-15
Resigned

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

Recent filings (21 total)

gazette-dissolved-voluntary
gazette · GAZ2(A)
2016-02-16
gazette-notice-voluntary
gazette · GAZ1(A)
2015-12-01
dissolution-application-strike-off-company
dissolution · DS01
2015-11-19
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2015-03-02
accounts-with-accounts-type-dormant
accounts · AA
2014-11-18
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2014-03-05
accounts-with-accounts-type-dormant
accounts · AA
2013-10-31
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2013-03-18
accounts-with-accounts-type-dormant
accounts · AA
2012-11-19
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2012-02-24
change-person-secretary-company-with-change-date
officers · CH03
2012-02-24
capital-allotment-shares
capital · SH01
2011-11-18
termination-secretary-company-with-name
officers · TM02
2011-11-18
termination-director-company-with-name
officers · TM01
2011-11-18
termination-director-company-with-name
officers · TM01
2011-11-18