SAXEN SECURITY LTD.

⚰️Wound downliquidation
SC425432 · ltd · incorporated 2012-06-01
Investment thesis
Company liquidation — not a live target.
Why interesting: Historical record only; useful for precedent research.
Why risky: Not transactable.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2024
Net worth
£-303.3k
book net assets
Opportunity
33/100
Pass
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What this business does
Primary activity: Electrical installation
Sector: Construction
Investor take
Pass (distressed without resilience)
Distressed unclear — structural issues outweigh the discount.

Opportunity 33/100 (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 (85/100). Current lenders should be on immediate intervention.

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 5.3y

30/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 5.3 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Cashflow trend is negative — lender view likely cautious.

Data confidence

Overall: high (80/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
6 officers (1 active, 6 linked, 5 with DOB)
87
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
51 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
33/100Pass
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
55
Some acquirability indicators.
Risk profile
13
Multiple red flags — proceed with caution.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Negative net assets
Liabilities exceed assets by £303,272
Cash draining
Cash down 99% YoY
Cash YoY
-99%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£330
↓ 99% YoY
Net Worth
-£303k
↓ 69% YoY
Current Assets
£96k
↓ 39% YoY
Current Liabilities
—
-£303k-£211k-£119k-£27k£66k£158kMar 2023Mar 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-03-312023-03-31
Total assets£-230.5k£-99.6k
Current assets£95.9k£157.8k
Cash£330£44.9k
Debtors£57.3k£74.6k
Net assets£-303.3k£-179.8k

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

🔒Filing-note intelligence

2 signals detected in this company's narrative notes — going-concern language, audit opinion, contingent liabilities, related-party transactions.

Available from the Pro tier upwards.

See pricing →

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. 2025-07-31
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  2. 2025-07-31
    ⚠️
    liquidation-compulsory-notice-winding-up-order-court-scotland
    insolvency · WU01(Scot)
  3. 2025-07-31
    ⚠️
    liquidation-compulsory-notice-winding-up-order-court-scotland
    insolvency · WU01(Scot)
  4. 2025-03-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2024-03-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2023-03-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2022-03-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2021-03-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2021-03-04
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  10. 2021-03-03
    🔒
    Charge registered #2
    Lender: Clydesdale Bank PLC (Trading Both as Clydesdale Bank & Yorkshire Bank
  11. 2021-02-24
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  12. 2021-02-19
    🔒
    Charge registered #1
    Lender: Clydesdale Bank PLC (Trading as Both Clydesdale and Yorkshire Bank) (Company Number SC001111)
  13. 2021-02-18
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  14. 2021-02-17
    ➖
    MULDOON, Craig resigned
    director
  15. 2020-09-24
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  16. 2020-09-24
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  17. 2020-09-24
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  18. 2019-12-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  19. 2019-12-09
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  20. 2019-06-04
    ➖
    GILLESPIE, Gareth Mervyn resigned
    director
  21. 2018-12-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  22. 2018-08-22
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  23. 2018-03-31
    ➕
    BARCLAY, John William appointed
    director
  24. 2018-03-31
    ➖
    WALLACE, Shirley Janet resigned
    director
  25. 2015-07-01
    ➕
    MULDOON, Craig appointed
    director
  26. 2014-07-01
    ➕
    WALLACE, Shirley Janet appointed
    director
  27. 2012-06-01
    🏢
    Company incorporated
    As SAXEN SECURITY LTD.
  28. 2012-06-01
    ➕
    BRIAN REID LTD. appointed
    corporate-secretary
  29. 2012-06-01
    ➖
    BRIAN REID LTD. resigned
    corporate-secretary
  30. 2012-06-01
    ➕
    GILLESPIE, Gareth Mervyn appointed
    director
  31. 2012-06-01
    ➕
    MABBOTT, Stephen George appointed
    director
  32. 2012-06-01
    ➖
    MABBOTT, Stephen George resigned
    director

Owner dependency

75/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.

Succession & seller-readiness

45/100
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.

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: 2025-12-31

Confirmation statement overdue
high

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

Evidence: Next due: 2026-06-15

Company in liquidation
high

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

2 insolvency-related filings on record
high

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

Evidence: 2025-07-31: liquidation-compulsory-notice-winding-up-order-court-scotland; 2025-07-31: liquidation-compulsory-notice-winding-up-order-court-scotland

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr John William Barclay
Individual · Scottish · DOB 01/1978 · age 48
75–100%
—75-100% shares02/06/2019
1 historic (ceased) PSC
  • Mr Gareth Mervyn Gillespieceased 02/06/2019· 75-100% shares

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

12 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

Statusliquidation
Typeltd
Incorporated2012-06-01
Jurisdictionscotland
Primary SIC43210 — Electrical installation

Registered office

1 Union Street
Saltcoats
KA21 5LL

Filing status

Accounts
Next due: 2025-12-31OVERDUE
Last made up to: 2024-03-31
Confirmation statement
Next due: 2026-06-15OVERDUE
Last: 2025-06-01

Officers (1 active · 5 resigned)

BARCLAY, John William→
director · ~48y · appointed 2018-03-31
View their other companies + combined net worth →
Active
BRIAN REID LTD.→
corporate-secretary · appointed 2012-06-01 · resigned 2012-06-01
Resigned
GILLESPIE, Gareth Mervyn→
director · ~50y · appointed 2012-06-01 · resigned 2019-06-04
Resigned
MABBOTT, Stephen George→
director · ~76y · appointed 2012-06-01 · resigned 2012-06-01
Resigned
MULDOON, Craig→
director · ~36y · appointed 2015-07-01 · resigned 2021-02-17
Resigned
WALLACE, Shirley Janet→
director · ~59y · appointed 2014-07-01 · resigned 2018-03-31
Resigned

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

Mortgages & charges

2
Total charges
2
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
Virgin Money
Clydesdale Bank PLC (Trading Both as Clydesdale Bank & Yorkshire Bank
A registered charge1 property03/03/2021—
outstanding
Virgin Money
Clydesdale Bank PLC (Trading as Both Clydesdale and Yorkshire Bank) (Company Number SC001111)
A registered charge—19/02/2021—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (51 total)

change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-07-31
liquidation-compulsory-notice-winding-up-order-court-scotland
insolvency · WU01(Scot)
2025-07-31
liquidation-compulsory-notice-winding-up-order-court-scotland
insolvency · WU01(Scot)
2025-07-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-03-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-03-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-03-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-06-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-03-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-06-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-03-31
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2021-03-04
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2021-02-24