HLRB LTD
⚰️Wound downdissolved
SC654862 · ltd · incorporated 2020-02-18
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
What this business does
Primary activity: Activities of financial services holding companies
Sector: Financial & insurance
Investor take
Pass (distressed without resilience)Distressed asset-holding vehicle — structural issues outweigh the discount.
Opportunity 56/100 (worth a look), bankability 72/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (58/100).
🏦
Refinance opportunity
3 live charges · 3 lenders · oldest 5.5y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 5.5 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Legal-friction score 25/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (59/100)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
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
5 officers (1 active, 5 linked, 5 with DOB)
90
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
7 connected companies via shared directors
66
Filing history
31 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
25
Concerning — overdue filings or status flags present.
Acquirability
55
Some acquirability indicators.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
100
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 (40 events)Click to expand
- 2024-12-03📄gazette-dissolved-voluntarygazette · GAZ2(A)
- 2024-12-03🏁Company dissolved
- 2024-09-17📄gazette-notice-voluntarygazette · GAZ1(A)
- 2024-09-11📄dissolution-application-strike-off-companydissolution · DS01
- 2024-07-17📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-12-20📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-12-20📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-12-20🔓Charge satisfied #3
- 2023-12-20🔓Charge satisfied #2
- 2023-12-15📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-09-11📄change-person-director-company-with-change-dateofficers · CH01
- 2023-03-10📄change-account-reference-date-company-current-extendedaccounts · AA01
- 2023-02-20📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-02-10📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-02-10🔒Charge registered #3Lender: Investec Bank PLC (As Security Agent)
- 2023-02-10🔒Charge registered #2Lender: Investec Bank PLC
- 2022-11-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-07-07📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2022-07-04📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2022-07-04📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2022-07-04📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2022-07-04📄termination-director-company-with-name-termination-dateofficers · TM01
- 2022-07-04📄termination-director-company-with-name-termination-dateofficers · TM01
- 2022-07-04📄termination-director-company-with-name-termination-dateofficers · TM01
- 2022-07-04📄appoint-person-director-company-with-name-dateofficers · AP01
- 2022-07-04📄termination-director-company-with-name-termination-dateofficers · TM01
- 2022-06-30➕CUMMING, James Richard appointeddirector
- 2022-06-30➖BAXTER, Michael resigneddirector
- 2022-06-30➖HERD, Keith Baird resigneddirector
- 2022-06-30➖LAFFERTY, James resigneddirector
- 2022-06-30➖ROBERTSON, Olga resigneddirector
- 2022-05-13📄mortgage-satisfy-charge-fullmortgage · MR04
- 2022-05-13🔓Charge satisfied #1
- 2022-03-29📄memorandum-articlesincorporation · MA
- 2020-11-13🔒Charge registered #1Lender: George Stubbs Insurance Services Limited
- 2020-02-18🏢Company incorporatedAs HLRB LTD
- 2020-02-18➕BAXTER, Michael appointeddirector
- 2020-02-18➕HERD, Keith Baird appointeddirector
- 2020-02-18➕LAFFERTY, James appointeddirector
- 2020-02-18➕ROBERTSON, Olga appointeddirector
Owner dependency
75/100
High — earn-out structure requiredMaterial 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 signalSome 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
1 high ·Company dissolved
highCompany has been dissolved — it no longer legally exists. Any diligence here is historical only.
Evidence: Dissolved on 2024-12-03
Group structure
Radiant Financial Group Uk Holdings Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Radiant Financial Group Uk Holdings Limited
Corporate parent · holds 75-100% shares
⬇
HLRB LTD
This company · SC654862
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Radiant Financial Group Uk Holdings Limited Corporate entity | 75–100% | 75–100% | 75-100% shares · 75-100% voting | 30/06/2022 |
2 historic (ceased) PSCs
- Mr Keith Baird Herdceased 30/06/2022· 50-75% shares · 50-75% voting · board control
- Mr James Laffertyceased 30/06/2022· 25-50% shares · 25-50% voting · board control
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 →Similar companies
Active · Holding company · PH postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| BRICKDECOR LIMITED→ SC223794 · est 2001 | £160.6k £136.5k–£184.7k | — | £160.6k | — | 24y | 82 | 70y |
| HALLYBURTON ESTATES LIMITED→ SC120222 · est 1989 | — | — | — | — | 36y | 83 | 62y |
| STEWARTS PRODUCE LIMITED→ SC509801 · est 2015 | — | — | — | 516 | 10y | 83 | 66y |
| MACNAUGHTONS LIMITED→ SC246304 · est 2003 | — | — | — | 2 | 23y | 82 | 73y |
| TAYLORS FOOD GROUP LIMITED→ SC335705 · est 2007 | — | — | — | 0 | 18y | 82 | 62y |
| BANDIRRAN ESTATES LIMITED→ SC022067 · est 1942 · no financials extracted | — | — | — | — | 83y | 81 | 72y |
| CAMPHILL CENTRAL SCOTLAND SOCIAL FUND LIMITED→ SC168853 · est 1996 · no financials extracted | — | — | — | — | 29y | 81 | 73y |
| ANNAT POINT (HOLDINGS) LIMITED→ SC522764 · est 2015 | — | — | — | 4 | 10y | 80 | 72y |
| CAMVO 91 LIMITED→ SC259120 · est 2003 | — | — | — | — | 22y | 80 | 69y |
| DRUNZIETEK LTD→ SC385950 · est 2010 | — | — | — | 0 | 15y | 80 | 72y |
| FASCADALE LIMITED→ SC176103 · est 1997 | — | — | — | 2 | 28y | 80 | 79y |
| GLENFARG RECYCLING LIMITED→ SC249046 · est 2003 | — | — | — | — | 22y | 80 | 81y |
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 →🔒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
Statusdissolved
Typeltd
Incorporated2020-02-18
Jurisdictionscotland
Primary SIC64205 — Activities of financial services holding companies
Registered office
Suite 6 South Inch Business Centre
Shore Road
Perth
PH2 8BW
Scotland
Filing status
Accounts
Next due: —
Last made up to: 2024-03-31
Confirmation statement
Next due: —
Last: 2024-02-17
Officers (0 active · 4 resigned)
CUMMING, James Richard→
Activedirector · ~46y · appointed 2022-06-30
View their other companies + combined net worth →
BAXTER, Michael→
Resigneddirector · ~43y · appointed 2020-02-18 · resigned 2022-06-30
HERD, Keith Baird→
Resigneddirector · ~71y · appointed 2020-02-18 · resigned 2022-06-30
LAFFERTY, James→
Resigneddirector · ~69y · appointed 2020-02-18 · resigned 2022-06-30
ROBERTSON, Olga→
Resigneddirector · ~49y · appointed 2020-02-18 · resigned 2022-06-30
Click a director name to see their full track record across all companies.
Mortgages & charges
3
Total charges
0
Outstanding
0
Active lenders
Status:Lender:3 of 3 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Investec Bank (As Security Agent) Investec Bank PLC (As Security Agent) | A registered charge | — | 10/02/2023 | 20/12/2023 | |
| satisfied | Investec Bank Investec Bank PLC | A registered charge | 1 property | 10/02/2023 | 20/12/2023 | |
| satisfied | George Stubbs Insurance Services George Stubbs Insurance Services Limited | A registered charge | 1 property | 13/11/2020 | 13/05/2022 |
Recent filings (31 total)
gazette-dissolved-voluntary
gazette · GAZ2(A)
2024-12-03
gazette-notice-voluntary
gazette · GAZ1(A)
2024-09-17
dissolution-application-strike-off-company
dissolution · DS01
2024-09-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-07-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-28
mortgage-satisfy-charge-full
mortgage · MR04
2023-12-20
mortgage-satisfy-charge-full
mortgage · MR04
2023-12-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-15
change-person-director-company-with-change-date
officers · CH01
2023-09-11
change-account-reference-date-company-current-extended
accounts · AA01
2023-03-10
confirmation-statement-with-updates
confirmation-statement · CS01
2023-02-21
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-02-20
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-02-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-11-30
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-07-07