BAGS BAGS BAGS LTD

⚰️Wound downdissolved
SC405223 · ltd · incorporated 2011-08-11
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
61/100
Worth a look
🔔
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What this business does
Primary activity: SIC 99999
Sector: Extraterritorial bodies
Investor take
Pass (distressed without resilience)
Distressed unclear — structural issues outweigh the discount.

Opportunity 61/100 (worth a look), bankability 70/100. Strong seller-intent signal (63/100, director aged 75). 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: medium (60/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

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, 3 with DOB)
85
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
14 connected companies via shared directors
87
Filing history
20 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 (24 events)Click to expand
  1. 2020-02-11
    📄
    gazette-dissolved-voluntary
    gazette · GAZ2(A)
  2. 2020-02-11
    🏁
    Company dissolved
  3. 2019-11-26
    📄
    gazette-notice-voluntary
    gazette · GAZ1(A)
  4. 2019-11-15
    📄
    dissolution-application-strike-off-company
    dissolution · DS01
  5. 2019-10-29
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  6. 2019-04-26
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2018-05-02
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2017-04-21
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  9. 2016-04-01
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  10. 2015-08-27
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  11. 2015-04-28
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  12. 2014-08-28
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  13. 2014-08-28
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  14. 2014-08-24
    ➖
    JAMIESON, Adam David resigned
    director
  15. 2014-02-07
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  16. 2013-08-23
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  17. 2013-06-07
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  18. 2012-08-29
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  19. 2011-08-11
    🏢
    Company incorporated
    As BAGS BAGS BAGS LTD
  20. 2011-08-11
    ➕
    SOMERVILLE, Ronald Whitelaw appointed
    secretary
  21. 2011-08-11
    ➕
    SHAW, Charles Mclaughlin appointed
    director
  22. 2011-08-11
    ➕
    SOMERVILLE, Ronald Whitelaw appointed
    director
  23. 2011-08-11
    ➕
    JAMIESON, Adam David appointed
    director
  24. 2011-08-11
    📄
    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 75 — succession pressure is live.

Succession & seller-readiness

79/100
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 75 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.
  • 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 2020-02-11

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Ronald Whitelaw Somerville
Individual · British · DOB 10/1957 · age 69
25–50%
—25-50% shares01/07/2016
Mr Charles Mclaughlin Shaw
Individual · British · DOB 03/1951 · age 75
25–50%
25–50%25-50% shares · 25-50% voting01/07/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

🔒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 →
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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
Incorporated2011-08-11
Jurisdictionscotland
Primary SIC99999 — SIC 99999

Registered office

36 Middlemuir Road
Glasgow
East Dunbartonshire
G66 4NA

Filing status

Accounts
Next due: —
Last made up to: 2018-08-31
Confirmation statement
Next due: —
Last: —

Officers (0 active · 1 resigned)

SOMERVILLE, Ronald Whitelaw→
secretary · appointed 2011-08-11
View their other companies + combined net worth →
Active
SHAW, Charles Mclaughlin→
director · ~75y · appointed 2011-08-11
View their other companies + combined net worth →
Active
SOMERVILLE, Ronald Whitelaw→
director · ~69y · appointed 2011-08-11
View their other companies + combined net worth →
Active
JAMIESON, Adam David→
director · ~41y · appointed 2011-08-11 · resigned 2014-08-24
Resigned

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

Recent filings (20 total)

gazette-dissolved-voluntary
gazette · GAZ2(A)
2020-02-11
gazette-notice-voluntary
gazette · GAZ1(A)
2019-11-26
dissolution-application-strike-off-company
dissolution · DS01
2019-11-15
gazette-notice-compulsory
gazette · GAZ1
2019-10-29
accounts-with-accounts-type-micro-entity
accounts · AA
2019-04-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2018-08-25
accounts-with-accounts-type-micro-entity
accounts · AA
2018-05-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2017-08-23
accounts-with-accounts-type-total-exemption-small
accounts · AA
2017-04-21
confirmation-statement-with-updates
confirmation-statement · CS01
2016-08-28
accounts-with-accounts-type-total-exemption-small
accounts · AA
2016-04-01
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2015-08-27
accounts-with-accounts-type-dormant
accounts · AA
2015-04-28
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2014-08-28
termination-director-company-with-name-termination-date
officers · TM01
2014-08-28