FDL REALISATIONS LIMITED

🌳Matureactive

SC021368 · ltd · incorporated 1940-04-08

Investment thesis

Looks cheap but ownership + security both unclear — probable value trap.

Why interesting: Headline metrics may be attractive.

Why risky: No PSC visibility combined with multiple live charges; transacting likely slow and expensive.

🔒Estimated value

—

Upgrade to see

Turnover

—

not disclosed

Net worth

—

book net assets

Opportunity

44/100

Watch

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

What this business does

Primary activity: SIC 46120

Sector: Wholesale & retail

Investor take

Pass (distressed without resilience)

Distressed admin-neglect survivor — structural issues outweigh the discount.

Opportunity 44/100 (watch), bankability 2/100. High owner-dependency — earn-out structure likely required for clean transition. Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: asset disposal / carve-out (80/100). Current lenders should be on immediate intervention.

🏦

Refinance opportunity

9 live charges · 5 lenders · oldest 47.7y

25/100

too messy

Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.

· Oldest live charge is 47.7 years old — likely at or near maturity.
· 5 lenders named — inter-creditor friction likely.
· Legal-friction score 60/100 (high).

Data confidence

Overall: low (51/100)

Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.

Company profile

address, 1 SIC codes, incorporation date

100

Financials

No iXBRL financials extracted

Lenders & charges

9 charges (9/9 with lender, 9/9 with type)

Directors & officers

19 officers (5 active, 19 linked, 16 with DOB)

Ownership & PSC

No PSCs filed (unusual — worth investigating)

Director network

8 connected companies via shared directors

Filing history

171 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

44/100Watch

PassWatchWorth a lookStrongExceptional

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

Business quality

Concerning — overdue filings or status flags present.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Multiple red flags — proceed with caution.

Signal strength

100

Good data coverage for analysis.

Recent activity

Last 30 days

filings

Last 90 days

filings

Last 180 days

filing

• 1 miscellaneous

Counts from Companies House filing history.

Corporate timeline (65 events)Click to expand

2025-12-16
📄
court-order
miscellaneous · OC-DV
2023-12-05
⚠️
gazette-dissolved-liquidation
gazette · GAZ2
2023-09-05
⚠️
liquidation-in-administration-move-to-dissolution-scotland-2
insolvency · AM23(Scot)
2023-09-05
⚠️
liquidation-in-administration-progress-report-scotland
insolvency · AM10(Scot)
2023-08-22
📄
mortgage-satisfy-charge-full
mortgage · MR04
2023-08-22
🔓
Charge satisfied #9
2023-05-23
⚠️
liquidation-in-administration-progress-report-scotland
insolvency · AM10(Scot)
2022-12-14
⚠️
liquidation-in-administration-progress-report-scotland
insolvency · AM10(Scot)
2022-09-16
⚠️
liquidation-in-administration-extension-of-period-scotland
insolvency · AM19(Scot)
2022-05-19
⚠️
liquidation-in-administration-progress-report-scotland
insolvency · AM10(Scot)
2022-05-18
⚠️
liquidation-in-administration-resignation-of-administrator-scotland-2
insolvency · AM15(Scot)
2022-02-04
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2021-12-13
⚠️
liquidation-in-administration-progress-report-scotland
insolvency · AM10(Scot)
2021-10-22
⚠️
liquidation-in-administration-extension-of-period-scotland
insolvency · AM19(Scot)
2021-06-07
⚠️
liquidation-in-administration-progress-report-scotland
insolvency · AM10(Scot)
2020-12-22
⚠️
liquidation-in-administration-progress-report-scotland
insolvency · AM10(Scot)
2020-10-29
⚠️
liquidation-in-administration-extension-of-period-scotland
insolvency · AM19(Scot)
2020-06-23
⚠️
liquidation-in-administration-progress-report-scotland
insolvency · AM10(Scot)
2019-12-19
⚠️
liquidation-in-administration-progress-report-scotland
insolvency · AM10(Scot)
2019-11-08
⚠️
liquidation-in-administration-extension-of-period-scotland
insolvency · AM19(Scot)
2019-06-21
⚠️
liquidation-in-administration-progress-report-scotland
insolvency · AM10(Scot)
2018-12-20
⚠️
liquidation-in-administration-progress-report-scotland
insolvency · 2.20B(Scot)
2018-11-05
⚠️
liquidation-in-administration-extension-of-period-scotland
insolvency · 2.22B(Scot)
2018-10-09
⚠️
liquidation-in-administration-appointment-of-replacement-additional-administrator-scotland
insolvency · 2.31B(Scot)
2018-10-02
⚠️
liquidation-in-administration-vacation-of-office-scotland
insolvency · 2.30B(Scot)
2018-06-18
⚠️
liquidation-in-administration-progress-report-scotland
insolvency · 2.20B(Scot)
2016-10-19
➖
FERGUSSON, James Mackay resigned
director
2016-10-19
➖
FERGUSSON, Yvonne resigned
director
2016-07-22
➕
HUNTER, Ronald Gorman appointed
director
2016-07-22
➖
BATES, Elizabeth Anne resigned
director
2016-07-01
➖
MARTIN, Andrew Hyslop resigned
director
2016-04-15
➖
LYNSKEY, Gail Louise resigned
director
2012-08-22
🔓
Charge satisfied #10
2012-08-22
🔓
Charge satisfied #8
2012-05-11
🔒
Charge registered #11
Lender: Trustees of the T H Fergusson & Co Limited Retirement Benefit Scheme
2011-09-30
🔒
Charge registered #10
Lender: Trustees of the T H Ferguson & Co LTD Retirement Benefit Scheme
2011-09-28
🔓
Charge satisfied #2
2011-05-09
➕
BATES, Elizabeth Anne appointed
director
2011-01-11
➕
LYNSKEY, Gail Louise appointed
director
2010-11-19
🔒
Charge registered #9
Lender: Rbs Invoice Finance Limited
2010-04-30
➖
BUCHANAN, John Edward resigned
director
2010-03-31
➖
BURNIE, Ronald resigned
director
2010-03-31
➖
DOHERTY, Bernard Patrick resigned
director
2009-12-14
🔒
Charge registered #8
Lender: Turstees of T H Ferguson & Co Limited
2008-11-01
➕
SHUTE, John Henry appointed
director
2008-07-07
➕
BUCHANAN, John Edward appointed
director
2007-12-31
🔒
Charge registered #7
Lender: The Royal Bank of Scotland PLC
2007-06-27
➖
BUCHANAN, John Edward resigned
director
2007-06-27
➕
BURNIE, Ronald appointed
director
2006-09-01
➕
MARTIN, Andrew Hyslop appointed
director

Showing most recent 50 of 65 events

Owner dependency

66/100

High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS

-4 active directors: Broader management team in place — suggests transferable governance.
+Long-tenure founder: Senior director has been in place 18 years — deep operational knowledge concentrated in one person.
+Senior director age: Director aged approximately 64 — approaching natural succession window.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

68/100

Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS

primaryFounder aged 63+: Senior director is approximately 64. Approaching typical UK retirement age — succession thinking likely.
secondary12+ year tenure: Director in role 18 years.
secondaryStable-but-static management: Company is 86 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

3 high · 2 med · 1 low

Accounts overdue

high

Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.

Evidence: Next due: 2016-12-31

Confirmation statement overdue

high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2017-01-25

22 insolvency-related filings on record

high

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

Evidence: 2023-12-05: gazette-dissolved-liquidation; 2023-09-05: liquidation-in-administration-move-to-dissolution-scotland-2

Has insolvency history

medium

Companies House flags prior insolvency events. Review the insolvency filings for context.

Charge satisfaction-then-recreation pattern

medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

5 live charges

low

Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.

🔒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 · Wholesale & distribution · G postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
ALLIANCE SANITARY PRODUCTS LIMITED→ SC261393 · est 2004	£8.86M £6.65M–£11.08M	—	—	2900	22y	86	69y
FAILTE FOOD SERVICE LIMITED→ SC275128 · est 2004	£7.59M £5.69M–£9.48M	—	—	71	21y	85	66y
WESTSIDE DISTRIBUTION HOLDINGS LIMITED→ SC648056 · est 2019	£5.77M £4.33M–£7.21M	—	—	27	6y	84	67y
WESTSIDE DISTRIBUTION LIMITED→ SC365971 · est 2009	£5.77M £4.33M–£7.21M	—	—	27	16y	88	67y
SOUTHEAST TRADERS LIMITED→ SC235763 · est 2002	£4.00M £3.00M–£5.01M	—	—	26	23y	88	67y
SCO-FRO GROUP LIMITED→ SC057644 · est 1975	£2.74M £2.06M–£3.43M	—	—	20	51y	95	72y
D MCNAIR (BUILDERS MERCHANTS) LIMITED→ SC089357 · est 1984	£2.35M £1.76M–£2.93M	—	—	69	41y	85	63y
ANDREW MCDICKEN LIMITED→ SC034095 · est 1959	—	—	£8.7k	—	66y	83	63y
ASTRA HYGIENE SUPPLIES LIMITED→ SC122088 · est 1989	—	—	£335.1k	—	36y	83	81y
BAYMED HEALTHCARE LTD.→ SC062673 · est 1977	—	—	£77.1k	—	48y	83	59y
CHAINBRIDGE STEEL (SCOTLAND) LIMITED→ SC320954 · est 2007 · no financials extracted	—	—	—	—	19y	83	63y
CLEANING & WIPING SUPPLIES LTD.→ SC204166 · est 2000	—	—	—	—	26y	83	77y

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

🔒Tailored diligence questions

12 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

Statusactive

Typeltd

Incorporated1940-04-08

Jurisdictionscotland

Primary SIC46120 — SIC 46120

Registered office

C/O INTERPATH

5th Floor, 130 St. Vincent Street

Glasgow

G2 5HF

Filing status

Accounts

Next due: 2016-12-31OVERDUE

Last made up to: 2015-03-31

Confirmation statement

Next due: 2017-01-25OVERDUE

Last: —

Officers (5 active · 14 resigned)

FERGUSSON, Alan John→

secretary · appointed 1993-08-17

View their other companies + combined net worth →

Active

FERGUSSON, Alan John→

director · ~60y

View their other companies + combined net worth →

Active

FERGUSSON, Thomas Hamish→

director · ~63y

View their other companies + combined net worth →

Active

HUNTER, Ronald Gorman→

director · ~64y · appointed 2016-07-22

View their other companies + combined net worth →

Active

SHUTE, John Henry→

director · ~60y · appointed 2008-11-01

View their other companies + combined net worth →

Active

FERGUSSON, Thomas Hamish→

secretary · resigned 1993-08-17

Resigned

BATES, Elizabeth Anne→

director · ~74y · appointed 2011-05-09 · resigned 2016-07-22

Resigned

BUCHANAN, John Edward→

director · ~65y · appointed 2008-07-07 · resigned 2010-04-30

Resigned

BUCHANAN, John Edward→

director · ~65y · appointed 1998-11-01 · resigned 2007-06-27

Resigned

BURNIE, Ronald→

director · ~68y · appointed 2007-06-27 · resigned 2010-03-31

Resigned

DOHERTY, Bernard Patrick→

director · ~70y · appointed 2006-04-27 · resigned 2010-03-31

Resigned

FERGUSSON, Cecilia Anne Mcgregor→

director · ~88y · resigned 2003-05-31

Resigned

FERGUSSON, Craig Mcgregor→

director · ~58y · resigned 1992-10-30

Resigned

FERGUSSON, James Mackay→

director · ~91y · resigned 2016-10-19

Resigned

FERGUSSON, Margaret→

director · resigned 1989-12-01

Resigned

FERGUSSON, Yvonne→

director · ~54y · appointed 1998-12-17 · resigned 2016-10-19

Resigned

GILKS, Alan Richard→

director · ~75y · appointed 1997-07-01 · resigned 2003-11-30

Resigned

LYNSKEY, Gail Louise→

director · ~65y · appointed 2011-01-11 · resigned 2016-04-15

Resigned

MARTIN, Andrew Hyslop→

director · ~57y · appointed 2006-09-01 · resigned 2016-07-01

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:9 of 9 shown

		Type	Properties
outstanding	Trustees of the T H Fergusson & Co Retirement Benefit Scheme Trustees of the T H Fergusson & Co Limited Retirement Benefit Scheme	Standard security	1 property	11/05/2012	—
satisfied	Trustees of the T H Ferguson & Co Retirement Benefit Scheme Trustees of the T H Ferguson & Co LTD Retirement Benefit Scheme	Standard security	1 property	30/09/2011	22/08/2012
satisfied	NatWest Group Rbs Invoice Finance Limited	Floating charge	1 property	19/11/2010	22/08/2023
satisfied	Turstees of T H Ferguson & Co Turstees of T H Ferguson & Co Limited	Standard security	1 property	14/12/2009	22/08/2012
outstanding	Lloyds Banking Group The Royal Bank of Scotland PLC	Standard security	1 property	31/12/2007	—
outstanding	Lloyds Banking Group The Royal Bank of Scotland PLC	Standard security	1 property	23/01/2004	—
outstanding	Lloyds Banking Group The Royal Bank of Scotland PLC	Standard security	1 property	23/01/2004	—
satisfied	Lloyds Banking Group The Royal Bank of Scotland PLC	Standard security	1 property	20/08/1990	28/09/2011
outstanding	Lloyds Banking Group The Royal Bank of Scotland PLC	Bond & floating charge	1 property	23/08/1978	—

Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (171 total)

court-order

miscellaneous · OC-DV

2025-12-16

gazette-dissolved-liquidation

gazette · GAZ2

2023-12-05

liquidation-in-administration-move-to-dissolution-scotland-2

insolvency · AM23(Scot)

2023-09-05

liquidation-in-administration-progress-report-scotland

insolvency · AM10(Scot)

2023-09-05

mortgage-satisfy-charge-full

mortgage · MR04

2023-08-22

liquidation-in-administration-progress-report-scotland

insolvency · AM10(Scot)

2023-05-23

liquidation-in-administration-progress-report-scotland

insolvency · AM10(Scot)

2022-12-14

liquidation-in-administration-extension-of-period-scotland

insolvency · AM19(Scot)

2022-09-16

liquidation-in-administration-progress-report-scotland

insolvency · AM10(Scot)

2022-05-19

liquidation-in-administration-resignation-of-administrator-scotland-2

insolvency · AM15(Scot)

2022-05-18

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

address · AD01

2022-02-04

liquidation-in-administration-progress-report-scotland

insolvency · AM10(Scot)

2021-12-13

liquidation-in-administration-extension-of-period-scotland

insolvency · AM19(Scot)

2021-10-22

liquidation-in-administration-progress-report-scotland

insolvency · AM10(Scot)

2021-06-07

liquidation-in-administration-progress-report-scotland

insolvency · AM10(Scot)

2020-12-22