HALCYON INVESTMENT GROUP LTD

⚰️Wound downdissolved

SC721890 · ltd · incorporated 2022-02-03

Investment thesis

Company dissolved — not a live target.

Why interesting: Historical record only; useful for precedent research.

Why risky: Not transactable.

Why now

Window steady · high confidence

Thesis has shifted recently — watch for confirmation.

· Lifecycle stage: zombie → wound-down
· Investment thesis: zombie_hold → unclassified
· Company status: active → dissolved
· Opportunity score: 71 → 53

Opportunity decay

softening · 6-months

Softening — cumulative signals suggest this becomes more negotiable over the next 3–6 months.

· 10 recent signals weakening vs 2 strengthening

What changed my view

Last 30 days

Picture worsened over the last 30 days — 5 negative signals vs 1 positive.

↓Lifecycle stage: zombie → wound-down
·Investment thesis: zombie_hold → unclassified
↓Company status: active → dissolved
↓Deal-killer verdict: workable → high-friction
↓Opportunity score: 71 → 53
+3 more

Last 90 days

Picture worsened over the last 90 days — 5 negative signals vs 1 positive.

↓Lifecycle stage: zombie → wound-down
·Investment thesis: zombie_hold → unclassified
↓Company status: active → dissolved
↓Deal-killer verdict: workable → high-friction
↓Opportunity score: 71 → 53
+3 more

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Feb 2026

Net worth

—

book net assets

Opportunity

53/100

Worth a look

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch

What this business does

Primary activity: Other amusement and recreation activities n.e.c.

Sector: Arts, entertainment & recreation

Investor take

Pass (distressed without resilience)

Distressed unclear — structural issues outweigh the discount.

Opportunity 53/100 (worth a look), bankability 65/100. 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: 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

Lenders & charges

Confirmed no charges registered

Directors & officers

2 officers (1 active, 2 linked, 2 with DOB)

Ownership & PSC

1 active PSC(s) of 1 total, 1 with control declared

Director network

4 connected companies via shared directors

Filing history

16 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

53/100Worth a look

PassWatchWorth a lookStrongExceptional

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality

Concerning — overdue filings or status flags present.

Acquirability

Some acquirability indicators.

Risk profile

Some moderate concerns — review flags.

Signal strength

Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

—

Current Assets

—

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2026-02-28	2025-02-28

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

🔒Filing-note intelligence

1 signal 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

filing

• 1 gazette

Last 90 days

filing

• 1 gazette

Last 180 days

filings

• 2 gazette
• 1 dissolution
• 1 accounts

Counts from Companies House filing history.

Corporate timeline (17 events)Click to expand

2026-07-07
📄
gazette-dissolved-voluntary
gazette · GAZ2(A)
2026-07-07
🏁
Company dissolved
2026-04-07
📄
gazette-notice-voluntary
gazette · GAZ1(A)
2026-03-31
📄
dissolution-application-strike-off-company
dissolution · DS01
2026-03-30
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2026-02-27
➖
LYON, Diane resigned
director
2026-02-27
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-03-24
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2025-03-18
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-11-28
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2023-11-08
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-11-01
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2023-10-18
📄
appoint-person-director-company-with-name-date
officers · AP01
2023-10-17
➕
LYON, Diane appointed
director
2022-02-03
🏢
Company incorporated
As HALCYON INVESTMENT GROUP LTD
2022-02-03
➕
LYON, John appointed
director
2022-02-03
📄
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 2026-07-07

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%

Name	Shares	Voting rights	Nature of control	Notified
John Lyon Individual · British · DOB 02/1976 · age 50	75–100%	—	75-100% shares	03/02/2022

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 · Leisure & entertainment · G postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
STEWART TRAVEL LIMITED→ SC400502 · est 2011	£30.04M £23.36M–£36.72M	£109.39M	—	36000	15y	91	68y
BARRHEAD TRAVEL SERVICE LIMITED→ SC057208 · est 1975	£10.34M £8.04M–£12.64M	£94.95M	—	58300	51y	82	59y
IF ONLY HOLIDAYS LIMITED→ SC268032 · est 2004	£4.61M £3.59M–£5.64M	—	—	5900	22y	85	69y
AC PROJECTS/ALTERNATIVE CURRENTS LIMITED→ SC400717 · est 2011	£3.2k £2.5k–£3.9k	—	—	0	15y	95	66y
ALLAN GLEN'S SPORTS CLUB LIMITED→ SC117858 · est 1989	—	—	£1.9k	—	37y	83	88y
COVE BURGH HALL→ SC217153 · est 2001	—	—	£97.7k	—	25y	83	78y
D. & D. AMUSEMENTS LTD.→ SC196522 · est 1999	—	—	£120.9k	—	27y	83	68y
FACT THREE→ SC319714 · est 2007	—	—	£168.8k	—	19y	83	73y
IN EXTREMIS LIMITED→ SC142085 · est 1993	—	—	£61.2k	—	33y	83	61y
SCOTTISH JEWISH ARCHIVES CENTRE→ SC210878 · est 2000	—	—	£120.5k	—	25y	83	79y
THE ANTONINE SPORTS CENTRE→ SC144453 · est 1993	—	—	£199.7k	—	33y	83	86y
THE GLADIATOR PROGRAMME LIMITED→ SC214238 · est 2000 · no financials extracted	—	—	—	—	25y	83	74y

Peers ranked by estimated value, then turnover, then opportunity score.See all →

🔒Tailored diligence questions

9 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

Incorporated2022-02-03

Jurisdictionscotland

Primary SIC93290 — Other amusement and recreation activities n.e.c.

Registered office

C/O Clarity Accounting (Scotland) Ltd

234 West George Street

Glasgow

G2 4QY

Scotland

Filing status

Accounts

Next due: —

Last made up to: 2026-02-28

Confirmation statement

Next due: —

Last: 2026-02-02

Officers (0 active · 1 resigned)

LYON, John→

director · ~50y · appointed 2022-02-03

View their other companies + combined net worth →

Active

LYON, Diane→

director · ~51y · appointed 2023-10-17 · resigned 2026-02-27

Resigned

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

Recent filings (16 total)

gazette-dissolved-voluntary

gazette · GAZ2(A)

2026-07-07

gazette-notice-voluntary

gazette · GAZ1(A)

2026-04-07

dissolution-application-strike-off-company

dissolution · DS01

2026-03-31

accounts-with-accounts-type-micro-entity

accounts · AA

2026-03-30

termination-director-company-with-name-termination-date

officers · TM01

2026-02-27

confirmation-statement-with-no-updates

confirmation-statement · CS01

2026-02-19

accounts-with-accounts-type-micro-entity

accounts · AA

2025-03-24

change-registered-office-address-company-with-date-old-address-new-address

address · AD01

2025-03-18

confirmation-statement-with-no-updates

confirmation-statement · CS01

2025-02-03

accounts-with-accounts-type-micro-entity

accounts · AA

2024-11-28

confirmation-statement-with-no-updates

confirmation-statement · CS01

2024-02-05

change-registered-office-address-company-with-date-old-address-new-address

address · AD01

2023-11-08

accounts-with-accounts-type-micro-entity

accounts · AA

2023-11-01

appoint-person-director-company-with-name-date

officers · AP01

2023-10-18

confirmation-statement-with-no-updates

confirmation-statement · CS01

2023-02-12