NORTHLINK FERRIES LIMITED
⚰️Wound downdissolved
SC027370 · ltd · incorporated 1949-11-18
Investment thesis
Company dissolved — not a live target.
Why interesting: Historical record only; useful for precedent research.
Why risky: Not transactable.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
- · Oldest live charge 52.1y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
55/100
Worth a look
What this business does
Primary activity: SIC 50100
Sector: Transportation & storage
Investor take
Pass (distressed without resilience)Distressed unclear — structural issues outweigh the discount.
Opportunity 55/100 (worth a look), bankability 80/100. Strong seller-intent signal (73/100, director aged 67). 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 (73/100).
🏦
Refinance opportunity
31 live charges · 2 lenders · oldest 52.1y
50/100
clean up first
Refinance viable after a tidy-up — address the highlighted items first.
- · Oldest live charge is 52.1 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Legal-friction score 35/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (58/100)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
31 charges (31/31 with lender, 31/31 with type)
90
Directors & officers
30 officers (2 active, 30 linked, 24 with DOB)
86
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
4 connected companies via shared directors
57
Filing history
201 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
30
Concerning — overdue filings or status flags present.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
41
Multiple red flags — proceed with caution.
Signal strength
100
Good data coverage for analysis.
Recent activity
Last 30 days
0
filings
Last 90 days
1
filing
- • 1 gazette
Last 180 days
3
filings
- • 2 gazette
- • 1 dissolution
Counts from Companies House filing history.
Corporate timeline (140 events)Click to expand
- 2026-02-03📄gazette-dissolved-voluntarygazette · GAZ2(A)
- 2026-02-03🏁Company dissolved
- 2025-11-18📄gazette-notice-voluntarygazette · GAZ1(A)
- 2025-11-11📄dissolution-application-strike-off-companydissolution · DS01
- 2025-05-20📄capital-statement-capital-company-with-date-currency-figurecapital · SH19
- 2025-05-20📄legacycapital · SH20
- 2025-05-20⚠️legacyinsolvency · CAP-SS
- 2025-05-20📄resolutionresolution · RESOLUTIONS
- 2025-01-10📄accounts-with-accounts-type-dormantaccounts · AA
- 2024-08-26📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-07-12➖DRUMMOND, Robert Lindsay resigneddirector
- 2024-07-11📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-07-11📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-07-11📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-07-11📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-07-11🔓Charge satisfied #32
- 2024-07-11🔓Charge satisfied #31
- 2024-07-11🔓Charge satisfied #30
- 2024-07-11🔓Charge satisfied #29
- 2024-05-15📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-04-15➕MACKISON, Duncan John appointeddirector
- 2023-12-29📄accounts-with-accounts-type-dormantaccounts · AA
- 2022-12-29📄accounts-with-accounts-type-dormantaccounts · AA
- 2022-10-04📄appoint-person-director-company-with-name-dateofficers · AP01
- 2022-10-04📄termination-director-company-with-name-termination-dateofficers · TM01
- 2022-09-16➕OSTERGAARD, Erik Jorgen appointeddirector
- 2022-09-16➖MACKISON, Duncan John resigneddirector
- 2022-02-08📄termination-director-company-with-name-termination-dateofficers · TM01
- 2022-02-08📄appoint-person-director-company-with-name-dateofficers · AP01
- 2022-01-31➕MACKISON, Duncan John appointeddirector
- 2022-01-31➖MCGIBBON, David Campbell resigneddirector
- 2021-12-20📄accounts-with-accounts-type-dormantaccounts · AA
- 2015-12-31➖STARK, Primrose Jean Davidson resigneddirector
- 2013-12-31➖QUIRK, Norman Linton resigneddirector
- 2013-01-31➖DAVIDSON, William Shand Masson resigneddirector
- 2012-12-31➖TAYLOR, George Alister resigneddirector
- 2012-11-26➕STARK, Primrose Jean Davidson appointeddirector
- 2012-11-26➖TIMMS, Peter Kenneth resigneddirector
- 2012-10-31➖GILLIES, Ian resigneddirector
- 2012-08-24➖ROBERTSON, Charles Archibald resigneddirector
- 2012-04-18➕DRUMMOND, Robert Lindsay appointeddirector
- 2012-04-18➖LYNCH, Alexander Mckay resigneddirector
- 2011-05-27➖MACLEOD, Lorne Buchanan resigneddirector
- 2011-05-27➖STARK, Primrose Jean Davidson resigneddirector
- 2011-04-30➖MCKENZIE, Gordon White resignedsecretary
- 2011-04-01➕DAVIDSON, William Shand Masson appointeddirector
- 2010-12-31➖SINCLAIR, Robert resigneddirector
- 2010-07-21➕ROBERTSON, Charles Archibald appointeddirector
- 2010-06-30➖SINCLAIR, William Lawrie resigneddirector
- 2009-10-28➕MACLEOD, Lorne Buchanan appointeddirector
Showing most recent 50 of 140 events
Owner dependency
73/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Founder age: Director aged approximately 67 — succession pressure is live.
Succession & seller-readiness
56/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- primaryFounder aged 63+: Senior director is approximately 67. Approaching typical UK retirement age — succession thinking likely.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
Red flags
2 high · 1 med ·Company dissolved
highCompany has been dissolved — it no longer legally exists. Any diligence here is historical only.
Evidence: Dissolved on 2026-02-03
1 insolvency-related filing on record
highFilings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2025-05-20: legacy
Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
David Macbrayne Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
David Macbrayne Limited
Corporate parent · holds 75-100% shares · board control
⬇
NORTHLINK FERRIES LIMITED
This company · SC027370
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 |
|---|---|---|---|---|
David Macbrayne Limited Corporate entity | 75–100% | — | board control75-100% shares · board control | 06/04/2016 |
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
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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 →🔒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
Incorporated1949-11-18
Jurisdictionscotland
Primary SIC50100 — SIC 50100
Registered office
Ferry
Terminal
Gourock
Renfrewshire
PA19 1QP
Filing status
Accounts
Next due: —
Last made up to: 2024-03-31
Confirmation statement
Next due: —
Last: 2025-04-12
Officers (0 active · 28 resigned)
MACKISON, Duncan John→
Activedirector · ~59y · appointed 2024-04-15
View their other companies + combined net worth →
OSTERGAARD, Erik Jorgen→
Activedirector · ~67y · appointed 2022-09-16
View their other companies + combined net worth →
DONALD, Colin William→
Resignedsecretary · appointed 2008-06-30 · resigned 2009-01-06
DONALD, Colin William→
Resignedsecretary · appointed 2006-07-19 · resigned 2007-02-09
KIRKWOOD, James→
Resignedsecretary · resigned 1992-12-31
MCKENZIE, Gordon White→
Resignedsecretary · appointed 2009-01-12 · resigned 2011-04-30
MCKENZIE, Gordon White→
Resignedsecretary · appointed 1993-04-21 · resigned 2006-07-19
TREGONNING, Martin Edward Treloar→
Resignedsecretary · appointed 2007-02-09 · resigned 2008-06-30
CROMBIE, Graeme Henry→
Resigneddirector · ~86y · appointed 1995-01-01 · resigned 1996-03-31
DAVIDSON, William Shand Masson→
Resigneddirector · ~71y · appointed 2011-04-01 · resigned 2013-01-31
DRUMMOND, Robert Lindsay→
Resigneddirector · ~57y · appointed 2012-04-18 · resigned 2024-07-12
GILLIES, Ian→
Resigneddirector · ~79y · appointed 2009-04-01 · resigned 2012-10-31
IRWIN, Ian Sutherland→
Resigneddirector · ~93y · resigned 1990-03-29
LYNCH, Alexander Mckay→
Resigneddirector · ~77y · appointed 2006-05-04 · resigned 2012-04-18
MACKISON, Duncan John→
Resigneddirector · ~59y · appointed 2022-01-31 · resigned 2022-09-16
MACLEOD, Lorne Buchanan→
Resigneddirector · ~63y · appointed 2009-10-28 · resigned 2011-05-27
MCGIBBON, David Campbell→
Resigneddirector · ~79y · appointed 2009-04-01 · resigned 2022-01-31
MILLS, Harold Hernshaw→
Resigneddirector · ~88y · appointed 1999-08-01 · resigned 2009-04-30
PATERSON, Colin Stuart→
Resigneddirector · ~94y · resigned 1997-07-31
QUIRK, Norman Linton→
Resigneddirector · ~79y · appointed 2009-10-28 · resigned 2013-12-31
Click a director name to see their full track record across all companies.
Mortgages & charges
31
Total charges
0
Outstanding
0
Active lenders
Status:Lender:31 of 31 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Royal Bank Leasing Royal Bank Leasing Limited | Supplemental deed of assignation of contracts | 1 property | 21/12/2006 | 11/07/2024 | |
| satisfied | Royal Bank Leasing Royal Bank Leasing Limited | Indemnity and account charge | 1 property | 21/12/2006 | 11/07/2024 | |
| satisfied | Royal Bank Leasing Royal Bank Leasing Limited | Accounts charge and assignment of insurances | 1 property | 06/07/2006 | 11/07/2024 | |
| satisfied | Royal Bank Leasing Royal Bank Leasing Limited | Floating charge | 1 property | 06/07/2006 | 11/07/2024 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Deed of covenant | 1 property | 17/07/1979 | 08/07/2006 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Statutory mortgage | 1 property | 17/07/1979 | 08/07/2006 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | A deed of covenant | 1 property | 28/12/1978 | 08/07/2006 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Statutory mortgage | 1 property | 28/12/1978 | 08/07/2006 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Financial agreement | 1 property | 06/10/1978 | 08/07/2006 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Bond and assignation in security | 1 property | 06/10/1978 | 08/07/2006 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Deed of covenant | 1 property | 01/02/1978 | 08/07/2006 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Financial agreement | 1 property | 01/12/1977 | 08/07/2006 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Bond and assignation security | 1 property | 01/12/1977 | 08/07/2006 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Deed of covenant | 1 property | 29/03/1977 | 08/07/2006 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Statutory mortgage | 1 property | 29/03/1977 | 08/07/2006 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Assignation | 1 property | 01/11/1976 | 08/07/2006 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Agreement | 1 property | 28/10/1976 | 08/07/2006 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Agreement | 1 property | 18/05/1976 | 08/07/2006 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Assignation | 1 property | 13/05/1976 | 08/07/2006 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Deed of covenant | 1 property | 27/11/1974 | 08/07/2006 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Stat. Mortgage | 1 property | 27/11/1974 | 08/07/2006 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Change deed of covenant | 1 property | 06/08/1974 | 08/07/2006 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Statutory mortgage | 1 property | 06/08/1974 | 08/07/2006 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Bond & assignation in security | 1 property | 03/05/1974 | 08/07/2006 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Bond & assignation in security | 1 property | 03/05/1974 | 08/07/2006 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Bond & assignation in security | 1 property | 15/03/1974 | 08/07/2006 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Bond & assignation in security | 1 property | 15/03/1974 | 08/07/2006 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Bond & assignation in security | 1 property | 15/03/1974 | 08/07/2006 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Bond & assignation in security | 1 property | 15/03/1974 | 08/07/2006 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Bond & assignation in security | 1 property | 15/03/1974 | 08/07/2006 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Bond & assignation in security | 1 property | 15/03/1974 | 08/07/2006 |
Recent filings (201 total)
gazette-dissolved-voluntary
gazette · GAZ2(A)
2026-02-03
gazette-notice-voluntary
gazette · GAZ1(A)
2025-11-18
dissolution-application-strike-off-company
dissolution · DS01
2025-11-11
capital-statement-capital-company-with-date-currency-figure
capital · SH19
2025-05-20
legacy
capital · SH20
2025-05-20
legacy
insolvency · CAP-SS
2025-05-20
resolution
resolution · RESOLUTIONS
2025-05-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-15
accounts-with-accounts-type-dormant
accounts · AA
2025-01-10
termination-director-company-with-name-termination-date
officers · TM01
2024-08-26
mortgage-satisfy-charge-full
mortgage · MR04
2024-07-11
mortgage-satisfy-charge-full
mortgage · MR04
2024-07-11
mortgage-satisfy-charge-full
mortgage · MR04
2024-07-11
mortgage-satisfy-charge-full
mortgage · MR04
2024-07-11
appoint-person-director-company-with-name-date
officers · AP01
2024-05-15