SOFA SOURCE (SCOTLAND) LIMITED

⚰️Wound downdissolved
SC439668 · ltd · incorporated 2013-01-07
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
56/100
Worth a look
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What this business does
Primary activity: Wholesale of furniture, carpets and lighting equipment
Sector: Wholesale & retail
Investor take
Pass (distressed without resilience)
Distressed unclear — structural issues outweigh the discount.

Opportunity 56/100 (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: share sale to pe / searcher (58/100).

Data confidence

Overall: low (54/100)

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 (2 active, 4 linked, 3 with DOB)
85
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
29 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
56/100Worth 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
55
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 (29 events)Click to expand
  1. 2023-07-25
    📄
    gazette-dissolved-compulsory
    gazette · GAZ2
  2. 2023-07-25
    🏁
    Company dissolved
  3. 2021-05-14
    📄
    dissolved-compulsory-strike-off-suspended
    dissolution · DISS16(SOAS)
  4. 2021-04-06
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  5. 2020-04-15
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  6. 2020-03-24
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  7. 2020-01-01
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  8. 2019-12-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2019-11-26
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  10. 2019-04-17
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  11. 2019-03-26
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  12. 2018-10-08
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2017-06-19
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  14. 2016-09-22
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  15. 2016-02-02
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  16. 2015-09-28
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  17. 2015-02-04
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  18. 2014-09-02
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  19. 2014-08-13
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  20. 2014-01-07
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  21. 2013-10-07
    📄
    appoint-person-secretary-company-with-name
    officers · AP03
  22. 2013-10-07
    📄
    termination-director-company-with-name
    officers · TM01
  23. 2013-10-02
    ➖
    BARNES, Jillian Faith resigned
    director
  24. 2013-10-01
    ➕
    GANNON, Mark appointed
    secretary
  25. 2013-10-01
    ➕
    GANNON, Mark appointed
    director
  26. 2013-07-03
    ➖
    BARNES, David Alan resigned
    director
  27. 2013-07-03
    ➕
    BARNES, Jillian Faith appointed
    director
  28. 2013-01-07
    🏢
    Company incorporated
    As SOFA SOURCE (SCOTLAND) LIMITED
  29. 2013-01-07
    ➕
    BARNES, David Alan appointed
    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

58/100
Strong succession signal

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

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondary12+ year tenure: Director in role 13 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 2023-07-25

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr Mark Gannon
Individual · Irish · DOB 10/1976 · age 50
——sig. influencesignificant influence06/04/2016

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

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ALLIANCE SANITARY PRODUCTS LIMITED→
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FAILTE FOOD SERVICE LIMITED→
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£7.59M
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——7121y8566y
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——276y8467y
WESTSIDE DISTRIBUTION LIMITED→
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——2716y8867y
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——2623y8867y
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——6941y8563y
EAGLE TUBE AND FLANGES LIMITED→
SC084811 · est 1983
£2.14M
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——140042y8370y
LEESHUN CATERING SUPPLIES LTD→
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£811.1k
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ANDREW MCDICKEN LIMITED→
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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.

Available from the Pro tier upwards.

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Company details

Statusdissolved
Typeltd
Incorporated2013-01-07
Jurisdictionscotland
Primary SIC46470 — Wholesale of furniture, carpets and lighting equipment

Registered office

44 Milton Road
College Milton East Kilbride
Glasgow
Lanarkshire
G74 5BU

Filing status

Accounts
Next due: —
Last made up to: 2018-12-31
Confirmation statement
Next due: —
Last: —

Officers (0 active · 2 resigned)

GANNON, Mark→
secretary · appointed 2013-10-01
View their other companies + combined net worth →
Active
GANNON, Mark→
director · ~50y · appointed 2013-10-01
View their other companies + combined net worth →
Active
BARNES, David Alan→
director · ~79y · appointed 2013-01-07 · resigned 2013-07-03
Resigned
BARNES, Jillian Faith→
director · ~70y · appointed 2013-07-03 · resigned 2013-10-02
Resigned

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

Recent filings (29 total)

gazette-dissolved-compulsory
gazette · GAZ2
2023-07-25
dissolved-compulsory-strike-off-suspended
dissolution · DISS16(SOAS)
2021-05-14
gazette-notice-compulsory
gazette · GAZ1
2021-04-06
gazette-filings-brought-up-to-date
gazette · DISS40
2020-04-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-04-14
gazette-notice-compulsory
gazette · GAZ1
2020-03-24
gazette-filings-brought-up-to-date
gazette · DISS40
2020-01-01
accounts-with-accounts-type-micro-entity
accounts · AA
2019-12-31
gazette-notice-compulsory
gazette · GAZ1
2019-11-26
gazette-filings-brought-up-to-date
gazette · DISS40
2019-04-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-04-16
gazette-notice-compulsory
gazette · GAZ1
2019-03-26
accounts-with-accounts-type-micro-entity
accounts · AA
2018-10-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2018-01-18
accounts-with-accounts-type-micro-entity
accounts · AA
2017-06-19