D CARMICHAEL & SONS LTD

⚰️Wound downliquidation
SC417122 · ltd · incorporated 2012-02-15
Investment thesis
Company liquidation — 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
year to Mar 2024
Net worth
book net assets
Opportunity
30/100
Pass
🔔
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What this business does
Primary activity: Construction of domestic buildings
Sector: Construction
Investor take
Pass (distressed without resilience)
Distressed unclear — structural issues outweigh the discount.

Opportunity 30/100 (pass), bankability 20/100. High owner-dependency — earn-out structure likely required for clean transition. Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: distressed disposal / insolvency (65/100). Current lenders should be on immediate intervention.

Data confidence

Overall: medium (76/100)

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
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
Confirmed no charges registered
85
Directors & officers
3 officers (2 active, 3 linked, 1 with DOB)
77
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
36 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
30/100Pass
PassWatchWorth a lookStrongExceptional 

Clear signal to pass. Time better spent elsewhere unless you have a specific strategic angle.

Business quality
0
Concerning — overdue filings or status flags present.
Acquirability
50
Some acquirability indicators.
Risk profile
13
Multiple red flags — proceed with caution.
Signal strength
90
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
Current Assets
Current Liabilities
£0£0£0£0£0£0Mar 2023Mar 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-03-312023-03-31
Average employees26002400

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

Recent activity

Last 30 days
0
filings
Last 90 days
1
filing
  • 1 address
Last 180 days
2
filings
  • 1 address
  • 1 insolvency
Counts from Companies House filing history.
Corporate timeline (21 events)Click to expand
  1. 2026-04-16
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  2. 2026-04-02
    ⚠️
    liquidation-compulsory-notice-winding-up-order-court-scotland
    insolvency · WU01(Scot)
  3. 2025-03-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2024-01-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2023-03-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2021-12-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2021-05-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2019-05-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2018-11-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2017-12-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2016-12-19
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  12. 2016-03-09
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  13. 2015-12-21
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  14. 2015-03-11
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  15. 2014-12-30
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2014-07-22
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  17. 2014-04-01
    CARMICHAEL, Keith Donald appointed
    secretary
  18. 2014-04-01
    CARMICHAEL, Laura resigned
    secretary
  19. 2012-03-08
    CARMICHAEL, Laura appointed
    secretary
  20. 2012-02-15
    🏢
    Company incorporated
    As D CARMICHAEL & SONS LTD
  21. 2012-02-15
    CARMICHAEL, Donald Keith appointed
    director

Owner dependency

90/100
Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +Founder name in company name: Company name contains director surname "CARMICHAEL" — strong identity link between founder and business.

Succession & seller-readiness

53/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondary12+ year tenure: Director in role 14 years.

Red flags

4 high ·
Accounts overdue
high

Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.

Evidence: Next due: 2026-03-31

Confirmation statement overdue
high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2026-03-01

Company in liquidation
high

Company is actively being wound up. Not a going concern.

1 insolvency-related filing on record
high

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

Evidence: 2026-04-02: liquidation-compulsory-notice-winding-up-order-court-scotland

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Keith Carmichael
Individual · Scottish · DOB 02/1973 · age 53
75100%
75-100% shares06/04/2016

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

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
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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.

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Company details

Statusliquidation
Typeltd
Incorporated2012-02-15
Jurisdictionscotland
Primary SIC41202 — Construction of domestic buildings

Registered office

2 Bothwell Street
Glasgow
G2 6LU

Filing status

Accounts
Next due: 2026-03-31OVERDUE
Last made up to: 2024-03-31
Confirmation statement
Next due: 2026-03-01OVERDUE
Last: 2025-02-15

Officers (2 active · 1 resigned)

CARMICHAEL, Keith Donald
secretary · appointed 2014-04-01
View their other companies + combined net worth →
Active
CARMICHAEL, Donald Keith
director · ~53y · appointed 2012-02-15
View their other companies + combined net worth →
Active
CARMICHAEL, Laura
secretary · appointed 2012-03-08 · resigned 2014-04-01
Resigned

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

Recent filings (36 total)

change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-04-16
liquidation-compulsory-notice-winding-up-order-court-scotland
insolvency · WU01(Scot)
2026-04-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-03-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-01-31
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-03-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-02-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-05-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-05-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-04-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-05-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-04-03