LINCOLN TURBINE SERVICE LIMITED

⚰️Wound downdissolved
SC396833 · ltd · incorporated 2011-04-01
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
59/100
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 59/100 (worth a look), bankability 70/100. High owner-dependency — earn-out structure likely required for clean transition. 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: strategic trade sale (63/100).

Data confidence

Overall: low (51/100)

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
4 officers (3 active, 4 linked, 2 with DOB)
80
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
13 connected companies via shared directors
84
Filing history
17 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
65
Some acquirability indicators.
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 (24 events)Click to expand
  1. 2014-10-31
    📄
    gazette-dissolved-voluntary
    gazette · GAZ2(A)
  2. 2014-10-31
    🏁
    Company dissolved
  3. 2014-07-11
    📄
    gazette-notice-voluntary
    gazette · GAZ1(A)
  4. 2014-06-25
    📄
    dissolution-application-strike-off-company
    dissolution · DS01
  5. 2014-04-23
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  6. 2014-04-01
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  7. 2013-04-04
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  8. 2013-03-25
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  9. 2013-02-04
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  10. 2013-01-03
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  11. 2013-01-03
    📄
    resolution
    resolution · RESOLUTIONS
  12. 2012-07-11
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  13. 2012-04-30
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  14. 2011-09-02
    📄
    appoint-person-secretary-company-with-name
    officers · AP03
  15. 2011-09-01
    ➕
    BROWN, Robert Muirhead Birnie appointed
    secretary
  16. 2011-09-01
    ➕
    SETTER, William George appointed
    director
  17. 2011-09-01
    ➖
    SPROULE, Lorraine resigned
    secretary
  18. 2011-09-01
    📄
    termination-secretary-company-with-name
    officers · TM02
  19. 2011-09-01
    📄
    appoint-person-director-company-with-name
    officers · AP01
  20. 2011-09-01
    📄
    change-account-reference-date-company-current-shortened
    accounts · AA01
  21. 2011-04-01
    🏢
    Company incorporated
    As LINCOLN TURBINE SERVICE LIMITED
  22. 2011-04-01
    ➕
    BROWN, Robert Muirhead Birnie appointed
    director
  23. 2011-04-01
    ➕
    SPROULE, Lorraine appointed
    secretary
  24. 2011-04-01
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

68/100
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 15 years — deep operational knowledge concentrated in one person.

Succession & seller-readiness

59/100
Strong succession signal

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

SIGNALS
  • 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 15 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 2014-10-31

🔒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

7 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 →
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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
Incorporated2011-04-01
Jurisdictionscotland
Primary SIC74990 — Non-trading company

Registered office

John Wood House
Greenwell Road
Aberdeen
AB12 3AX

Filing status

Accounts
Next due: —
Last made up to: 2013-12-31
Confirmation statement
Next due: —
Last: —

Officers (0 active · 1 resigned)

BROWN, Robert Muirhead Birnie→
secretary · appointed 2011-09-01
View their other companies + combined net worth →
Active
BROWN, Robert Muirhead Birnie→
director · ~56y · appointed 2011-04-01
View their other companies + combined net worth →
Active
SETTER, William George→
director · ~51y · appointed 2011-09-01
View their other companies + combined net worth →
Active
SPROULE, Lorraine→
secretary · appointed 2011-04-01 · resigned 2011-09-01
Resigned

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

Recent filings (17 total)

gazette-dissolved-voluntary
gazette · GAZ2(A)
2014-10-31
gazette-notice-voluntary
gazette · GAZ1(A)
2014-07-11
dissolution-application-strike-off-company
dissolution · DS01
2014-06-25
accounts-with-accounts-type-total-exemption-small
accounts · AA
2014-04-23
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2014-04-01
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2013-04-04
accounts-with-accounts-type-total-exemption-small
accounts · AA
2013-03-25
certificate-change-of-name-company
change-of-name · CERTNM
2013-02-04
certificate-change-of-name-company
change-of-name · CERTNM
2013-01-03
resolution
resolution · RESOLUTIONS
2013-01-03
accounts-with-accounts-type-dormant
accounts · AA
2012-07-11
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2012-04-30
appoint-person-secretary-company-with-name
officers · AP03
2011-09-02
termination-secretary-company-with-name
officers · TM02
2011-09-01
appoint-person-director-company-with-name
officers · AP01
2011-09-01