SALTIRE FLOORING LIMITED

⚰️Wound downdissolved
SC600047 · ltd · incorporated 2018-06-15
Investment thesis
Company dissolved — not a live target.
Why interesting: Historical record only; useful for precedent research.
Why risky: Not transactable.
🔒Estimated value
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Turnover
not disclosed
Net worth
book net assets
Opportunity
43/100
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What this business does
Primary activity: Retail sale of carpets, rugs, wall and floor coverings in specialised stores
Sector: Wholesale & retail
Investor take
Pass (distressed without resilience)
Distressed unclear — structural issues outweigh the discount.

Opportunity 43/100 (watch), bankability 50/100. High owner-dependency — earn-out structure likely required for clean transition. 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 (45/100). Current lenders should be on monthly review.

Data confidence

Overall: medium (55/100)

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
2 officers (1 active, 2 linked, 2 with DOB)
90
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
22 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
43/100Watch
PassWatchWorth a lookStrongExceptional 

Not actionable now, but monitor — distressed, succession, or structural changes could flip this into a real opportunity.

Business quality
5
Concerning — overdue filings or status flags present.
Acquirability
55
Some acquirability indicators.
Risk profile
49
Multiple red flags — proceed with caution.
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 (23 events)Click to expand
  1. 2024-05-15
    ⚠️
    gazette-dissolved-liquidation
    gazette · GAZ2
  2. 2024-05-15
    🏁
    Company dissolved
  3. 2024-02-15
    ⚠️
    liquidation-voluntary-creditors-return-of-final-meeting-scotland
    insolvency · LIQ14(Scot)
  4. 2024-02-15
    📄
    resolution
    resolution · RESOLUTIONS
  5. 2022-11-22
    📄
    resolution
    resolution · RESOLUTIONS
  6. 2022-11-21
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  7. 2022-11-17
    📄
    undefined · ANNOTATION
  8. 2022-11-17
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  9. 2022-03-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2021-05-05
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  11. 2020-08-24
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2020-01-23
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  13. 2020-01-21
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  14. 2019-05-02
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  15. 2019-05-02
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  16. 2019-04-18
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  17. 2019-04-16
    MCNAUGHT, Jame appointed
    director
  18. 2019-04-16
    KELLY, Hugh resigned
    director
  19. 2019-04-16
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  20. 2018-09-10
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  21. 2018-06-15
    🏢
    Company incorporated
    As SALTIRE FLOORING LIMITED
  22. 2018-06-15
    KELLY, Hugh appointed
    director
  23. 2018-06-15
    📄
    incorporation-company
    incorporation · NEWINC

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

2 high ·
Company dissolved
high

Company has been dissolved — it no longer legally exists. Any diligence here is historical only.

Evidence: Dissolved on 2024-05-15

2 insolvency-related filings on record
high

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

Evidence: 2024-05-15: gazette-dissolved-liquidation; 2024-02-15: liquidation-voluntary-creditors-return-of-final-meeting-scotland

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr James Mcnaught
Individual · Scottish · DOB 08/1983 · age 43
75100%
75-100% shares16/04/2019
1 historic (ceased) PSC
  • Mr Hugh Kellyceased 16/04/2019· 75-100% shares · 75-100% voting · board control

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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Company details

Statusdissolved
Typeltd
Incorporated2018-06-15
Jurisdictionscotland
Primary SIC47530 — Retail sale of carpets, rugs, wall and floor coverings in specialised stores

Registered office

133 Finnieston Street
Glasgow
G3 8HB

Filing status

Accounts
Next due:
Last made up to: 2021-06-30
Confirmation statement
Next due:
Last:

Officers (0 active · 1 resigned)

MCNAUGHT, Jame
director · ~43y · appointed 2019-04-16
View their other companies + combined net worth →
Active
KELLY, Hugh
director · ~66y · appointed 2018-06-15 · resigned 2019-04-16
Resigned

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

Recent filings (22 total)

gazette-dissolved-liquidation
gazette · GAZ2
2024-05-15
liquidation-voluntary-creditors-return-of-final-meeting-scotland
insolvency · LIQ14(Scot)
2024-02-15
resolution
resolution · RESOLUTIONS
2024-02-15
resolution
resolution · RESOLUTIONS
2022-11-22
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-11-21
· ANNOTATION
2022-11-17
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-11-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-07-05
accounts-with-accounts-type-micro-entity
accounts · AA
2022-03-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-07-26
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2021-05-05
accounts-with-accounts-type-micro-entity
accounts · AA
2020-08-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-08-12
accounts-with-accounts-type-dormant
accounts · AA
2020-01-23
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2020-01-21