THREE HEADS (EDINBURGH) LTD

⚰️Wound downdissolved
SC740876 · ltd · incorporated 2022-08-10
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
year to Aug 2023
Net worth
book net assets
Opportunity
53/100
Worth a look
🔔
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What this business does
Primary activity: Development of building projects
Sector: Construction
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: medium (74/100)

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
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
Confirmed no charges registered
85
Directors & officers
3 officers (1 active, 3 linked, 3 with DOB)
90
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
9 connected companies via shared directors
72
Filing history
13 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
53/100Worth a look
PassWatchWorth a lookStrongExceptional 

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

Business quality
20
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.

Key financials

1 year extracted from filed iXBRL accounts
Cash
Net Worth
Current Assets
Current Liabilities

Financials

Extracted from Companies House accounts · IFRS
Metric2023-08-31
Average employees300

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

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 (17 events)Click to expand
  1. 2025-02-04
    📄
    gazette-dissolved-compulsory
    gazette · GAZ2
  2. 2025-02-04
    🏁
    Company dissolved
  3. 2024-11-19
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  4. 2024-05-09
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  5. 2023-09-01
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  6. 2023-09-01
    📄
    change-person-director-company-with-change-date
    officers · CH01
  7. 2023-09-01
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  8. 2023-09-01
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  9. 2023-09-01
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  10. 2023-09-01
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  11. 2023-06-30
    BILEN, Davut Yasin resigned
    director
  12. 2023-06-30
    KAYAASLAN, Hakan resigned
    director
  13. 2022-08-10
    🏢
    Company incorporated
    As THREE HEADS (EDINBURGH) LTD
  14. 2022-08-10
    FIRAT, Vahap appointed
    director
  15. 2022-08-10
    BILEN, Davut Yasin appointed
    director
  16. 2022-08-10
    KAYAASLAN, Hakan appointed
    director
  17. 2022-08-10
    📄
    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 2025-02-04

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr Vahap Firat
Individual · British,Turkish · DOB 01/1980 · age 46
2550%
25–50%board control25-50% shares · 25-50% voting · board control10/08/2022
2 historic (ceased) PSCs
  • Mr Davut Yasin Bilenceased 30/07/2023· 25-50% shares · 25-50% voting · board control
  • Mr Hakan Kayaaslanceased 30/07/2023· 25-50% shares · 25-50% voting

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.

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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 →
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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
Incorporated2022-08-10
Jurisdictionscotland
Primary SIC41100 — Development of building projects

Registered office

34 Cockburn Street
Edinburgh
EH1 1PB
Scotland

Filing status

Accounts
Next due:
Last made up to: 2023-08-31
Confirmation statement
Next due:
Last: 2023-09-01

Officers (0 active · 2 resigned)

FIRAT, Vahap
director · ~46y · appointed 2022-08-10
View their other companies + combined net worth →
Active
BILEN, Davut Yasin
director · ~48y · appointed 2022-08-10 · resigned 2023-06-30
Resigned
KAYAASLAN, Hakan
director · ~48y · appointed 2022-08-10 · resigned 2023-06-30
Resigned

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

Recent filings (13 total)

gazette-dissolved-compulsory
gazette · GAZ2
2025-02-04
gazette-notice-compulsory
gazette · GAZ1
2024-11-19
accounts-with-accounts-type-dormant
accounts · AA
2024-05-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-09-07
confirmation-statement-with-updates
confirmation-statement · CS01
2023-09-01
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-09-01
change-person-director-company-with-change-date
officers · CH01
2023-09-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-09-01
termination-director-company-with-name-termination-date
officers · TM01
2023-09-01
termination-director-company-with-name-termination-date
officers · TM01
2023-09-01
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-09-01
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-09-01
incorporation-company
incorporation · NEWINC
2022-08-10