HAYSTAX ENGINEERING LTD

⚰️Wound downdissolved
SC691823 · ltd · incorporated 2021-03-10
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
55/100
Worth a look
🔔
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What this business does
Primary activity: Repair of machinery
Sector: Manufacturing
ALSO REGISTERED FOR
  • 33150SIC 33150
  • 71129Other engineering activities
Investor take
Pass (distressed without resilience)
Distressed unclear — structural issues outweigh the discount.

Opportunity 55/100 (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: medium (56/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, 3 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, 1 with DOB)
80
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
13 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
55/100Worth 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
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 (16 events)Click to expand
  1. 2023-06-20
    📄
    gazette-dissolved-voluntary
    gazette · GAZ2(A)
  2. 2023-06-20
    🏁
    Company dissolved
  3. 2023-04-04
    📄
    gazette-notice-voluntary
    gazette · GAZ1(A)
  4. 2023-03-29
    📄
    dissolution-application-strike-off-company
    dissolution · DS01
  5. 2023-01-12
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  6. 2022-05-27
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  7. 2022-05-26
    📄
    change-person-director-company-with-change-date
    officers · CH01
  8. 2022-05-26
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  9. 2022-03-21
    RF SECRETARIES LIMITED resigned
    corporate-secretary
  10. 2022-03-21
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  11. 2022-02-03
    📄
    change-person-director-company-with-change-date
    officers · CH01
  12. 2021-04-07
    📄
    appoint-corporate-secretary-company-with-name-date
    officers · AP04
  13. 2021-04-06
    RF SECRETARIES LIMITED appointed
    corporate-secretary
  14. 2021-03-10
    🏢
    Company incorporated
    As HAYSTAX ENGINEERING LTD
  15. 2021-03-10
    HASTIE, Gary appointed
    director
  16. 2021-03-10
    📄
    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

1 high ·
Company dissolved
high

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

Evidence: Dissolved on 2023-06-20

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Gary Hastie
Individual · British · DOB 05/1986 · age 40
75100%
75–100%board control75-100% shares · 75-100% voting · board control10/03/2021

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

🔒Co-director network graph

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Available from the Pro tier upwards.

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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.

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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

Statusdissolved
Typeltd
Incorporated2021-03-10
Jurisdictionscotland
Primary SIC33120 — Repair of machinery

Registered office

15 Fieldside
Annan
Dumfriesshire
DG12 5HL
United Kingdom

Filing status

Accounts
Next due:
Last made up to: 2022-03-31
Confirmation statement
Next due:
Last:

Officers (0 active · 1 resigned)

HASTIE, Gary
director · ~40y · appointed 2021-03-10
View their other companies + combined net worth →
Active
RF SECRETARIES LIMITED
corporate-secretary · appointed 2021-04-06 · resigned 2022-03-21
Resigned

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

Recent filings (13 total)

gazette-dissolved-voluntary
gazette · GAZ2(A)
2023-06-20
gazette-notice-voluntary
gazette · GAZ1(A)
2023-04-04
dissolution-application-strike-off-company
dissolution · DS01
2023-03-29
confirmation-statement-with-updates
confirmation-statement · CS01
2023-02-27
accounts-with-accounts-type-dormant
accounts · AA
2023-01-12
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-05-27
change-person-director-company-with-change-date
officers · CH01
2022-05-26
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-05-26
termination-secretary-company-with-name-termination-date
officers · TM02
2022-03-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-16
change-person-director-company-with-change-date
officers · CH01
2022-02-03
appoint-corporate-secretary-company-with-name-date
officers · AP04
2021-04-07
incorporation-company
incorporation · NEWINC
2021-03-10