PEARL ALAS LIMITED
⚰️Wound downdissolved
SC039458 · ltd · incorporated 1963-10-31
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
53/100
Worth a look
What this business does
Primary activity: SIC 9999
Sector: Extraterritorial bodies
Investor take
Pass (distressed without resilience)Distressed unclear — structural issues outweigh the discount.
Opportunity 53/100 (worth a look), bankability 32/100. Strong seller-intent signal (78/100, director aged 66). Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: asset disposal / carve-out (45/100). Current lenders should be on monthly review.
🏦
Refinance opportunity
5 live charges · 4 lenders · oldest 44.2y
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 44.2 years old — likely at or near maturity.
- · 4 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
0
Lenders & charges
5 charges (5/5 with lender, 5/5 with type)
90
Directors & officers
46 officers (2 active, 46 linked, 34 with DOB)
85
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
10 connected companies via shared directors
75
Filing history
169 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
10
Concerning — overdue filings or status flags present.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
49
Multiple red flags — proceed with caution.
Signal strength
100
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 (111 events)Click to expand
- 2011-04-27⚠️gazette-dissolved-liquidationgazette · GAZ2
- 2011-04-27🏁Company dissolved
- 2011-01-27⚠️liquidation-voluntary-return-of-final-meeting-scotlandinsolvency · 4.26(Scot)
- 2010-04-01📄change-person-director-company-with-change-dateofficers · CH01
- 2010-03-24📄termination-director-company-with-nameofficers · TM01
- 2010-03-22➖LUSCOMBE, Kerr resigneddirector
- 2010-01-10📍change-registered-office-address-company-with-date-old-addressaddress · AD01
- 2009-11-17📄resolutionresolution · RESOLUTIONS
- 2009-06-11📄legacyannual-return · 363a
- 2008-08-01📄legacyofficers · 288a
- 2008-07-25📄legacyofficers · 288b
- 2008-07-18➕LUSCOMBE, Kerr appointeddirector
- 2008-07-18➖STOCKTON, Robert Paul resigneddirector
- 2008-06-09📄legacyannual-return · 363a
- 2008-06-06📄accounts-with-made-up-dateaccounts · AA
- 2008-05-28📄legacyofficers · 288c
- 2008-05-22📄memorandum-articlesincorporation · MA
- 2008-05-16✏️certificate-change-of-name-companychange-of-name · CERTNM
- 2008-01-10📄legacyofficers · 288a
- 2008-01-04📄legacyofficers · 288b
- 2008-01-01➕MERRICK, Michael John appointeddirector
- 2007-12-31➖GREENFIELD, Richard Edward Keith resigneddirector
- 2007-07-10📄accounts-with-made-up-dateaccounts · AA
- 2007-06-19📄legacyannual-return · 363a
- 2007-05-09📄legacyofficers · 288b
- 2007-04-30➖CRAINE, Roger resigneddirector
- 2007-04-18✏️certificate-change-of-name-companychange-of-name · CERTNM
- 2007-04-18📄resolutionresolution · RESOLUTIONS
- 2007-04-13📄legacyofficers · 288a
- 2007-03-29➕STOCKTON, Robert Paul appointeddirector
- 2007-03-21📍legacyaddress · 353
- 2006-10-02📍legacyaddress · 287
- 2006-09-04📄legacyofficers · 288a
- 2006-09-01➕PEARL GROUP SECRETARIAT SERVICES LIMITED appointedcorporate-secretary
- 2006-09-01➖GRIFFIN-SMITH, Philip Bernard resignedsecretary
- 2006-04-03➕GRIFFIN-SMITH, Philip Bernard appointedsecretary
- 2006-04-03➖JORDAN, Barbara Craig resignedsecretary
- 2006-04-03➕CRAINE, Roger appointeddirector
- 2006-04-03➖ROSS, Geoffrey Michael resigneddirector
- 2005-11-03➕GREENFIELD, Richard Edward Keith appointeddirector
- 2005-11-03➖PRINGLE, Iain George resigneddirector
- 2004-03-12➖TABER, Jeremy Neil Fenton resigneddirector
- 2004-02-20➕PRINGLE, Iain George appointeddirector
- 2002-10-31➖HENDERSON, William Grahamslaw resigneddirector
- 2002-10-31➕TABER, Jeremy Neil Fenton appointeddirector
- 2002-07-10➖NICKSON, John William resigneddirector
- 2002-07-10➕ROSS, Geoffrey Michael appointeddirector
- 2002-01-28➕JORDAN, Barbara Craig appointedsecretary
- 2002-01-28➖KELLY, Malcolm James, Mr. resignedsecretary
- 2001-09-01➕KELLY, Malcolm James, Mr. appointedsecretary
Showing most recent 50 of 111 events
Owner dependency
100/100
Critical — business is the founderThe business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
FACTORS
- +Sole director: Only one active director — all governance concentrated on one person.
- +Long-tenure founder: Senior director has been in place 18 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 66 — succession pressure is live.
Succession & seller-readiness
88/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 63+: Senior director is approximately 66. Approaching typical UK retirement age — succession thinking likely.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- secondary12+ year tenure: Director in role 18 years.
- secondaryStable-but-static management: Company is 62 years old and no new directors in the last 3 years — succession not yet being planned internally.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
2 high ·Company dissolved
highCompany has been dissolved — it no longer legally exists. Any diligence here is historical only.
Evidence: Dissolved on 2011-04-27
2 insolvency-related filings on record
highFilings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2011-04-27: gazette-dissolved-liquidation; 2011-01-27: liquidation-voluntary-return-of-final-meeting-scotland
🔒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 · Other · EH postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| 17 CAPITAL CO-INVEST LP→ SL007920 · est 2010 · no financials extracted | — | — | — | — | 15y | — | — |
| 17C ECIP 2025 FEEDER LP→ SL037473 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| 17CAPITAL (BERRY) LP→ SL033383 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| 17CAPITAL (CREOLE) SCOTS LP→ SL037011 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| 17CAPITAL (HOLDCO 1) LP→ SL036646 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| 17CAPITAL (MADISON) SCOT LP→ SL036034 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| 17CAPITAL (ORION) SCOTS LP→ SL037090 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| 17CAPITAL (PHOENIX) SCOT LP→ SL035522 · est 2022 · no financials extracted | — | — | — | — | 4y | — | — |
| 17CAPITAL (TRIO) SCOT CO-INVEST 3 LP→ SL035900 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| 17CAPITAL 5 INVESTMENTS LP→ SL035235 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| 17CAPITAL CF2 SCOTS SPV GP LLP→ SO307900 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| 17CAPITAL CO-INVEST (E) SCOTS GP LLP→ SO308223 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
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
Statusdissolved
Typeltd
Incorporated1963-10-31
Jurisdictionscotland
Primary SIC9999 — SIC 9999
Registered office
10 George Street
Edinburgh
EH2 2DZ
Filing status
Accounts
Next due: —
Last made up to: 2007-12-31
Confirmation statement
Next due: —
Last: —
Officers (0 active · 44 resigned)
PEARL GROUP SECRETARIAT SERVICES LIMITED→
Activecorporate-secretary · appointed 2006-09-01
View their other companies + combined net worth →
MERRICK, Michael John→
Activedirector · ~66y · appointed 2008-01-01
View their other companies + combined net worth →
GRIFFIN-SMITH, Philip Bernard→
Resignedsecretary · appointed 2006-04-03 · resigned 2006-09-01
JORDAN, Barbara Craig→
Resignedsecretary · appointed 2002-01-28 · resigned 2006-04-03
KELLY, Malcolm James, Mr.→
Resignedsecretary · appointed 2001-09-01 · resigned 2002-01-28
PATERSON, James→
Resignedsecretary · resigned 1991-08-07
RANKIN, Colin Graham→
Resignedsecretary · appointed 2000-08-15 · resigned 2001-09-01
ROSS, Marie Isobel→
Resignedsecretary · appointed 1999-12-06 · resigned 2000-08-15
SHEPHERD, Neil Morton→
Resignedsecretary · appointed 1991-08-07 · resigned 1993-10-08
WAGNER, Deborah Anne→
Resignedsecretary · appointed 1993-10-08 · resigned 1999-12-06
ANDRINGA, Syste Adriaan→
Resigneddirector · ~83y · appointed 1993-06-09 · resigned 1993-10-08
BAYLEY, Trevor John→
Resigneddirector · ~75y · appointed 1993-10-08 · resigned 1999-12-06
BUCHANAN, Richard Robertson Trail→
Resigneddirector · ~82y · appointed 1990-08-08 · resigned 1993-10-08
BURDON, Peter Vincent→
Resigneddirector · ~79y · appointed 1993-10-08 · resigned 1996-03-06
BURNET, George Wardlaw→
Resigneddirector · ~99y · resigned 1993-10-08
CRAINE, Roger→
Resigneddirector · ~70y · appointed 2006-04-03 · resigned 2007-04-30
ERNSTE, Derk→
Resigneddirector · ~91y · resigned 1993-06-09
FALCONER, James Alexander Reid→
Resigneddirector · resigned 1990-06-06
FLETCHER, Alexander Macpherson, Sir→
Resigneddirector · resigned 1990-06-20
GREENFIELD, Richard Edward Keith→
Resigneddirector · ~70y · appointed 2005-11-03 · resigned 2007-12-31
Click a director name to see their full track record across all companies.
Mortgages & charges
5
Total charges
4
Outstanding
2
Active lenders
Status:Lender:5 of 5 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | Legal charge | 1 property | 19/08/1994 | — | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | Legal charge | 1 property | 18/04/1994 | — | |
| outstanding | Midland Bank Midland Bank PLC | Legal charge | 1 property | 28/09/1984 | — | |
| satisfied | South West Trustee Savings Bank | Legal charge | 1 property | 21/11/1983 | 16/06/1989 | |
| outstanding | Lloyds Banking Group Lloyds Bank PLC | Mortgage | 1 property | 05/02/1982 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (169 total)
gazette-dissolved-liquidation
gazette · GAZ2
2011-04-27
liquidation-voluntary-return-of-final-meeting-scotland
insolvency · 4.26(Scot)
2011-01-27
change-person-director-company-with-change-date
officers · CH01
2010-04-01
termination-director-company-with-name
officers · TM01
2010-03-24
change-registered-office-address-company-with-date-old-address
address · AD01
2010-01-10
resolution
resolution · RESOLUTIONS
2009-11-17
legacy
annual-return · 363a
2009-06-11
legacy
officers · 288a
2008-08-01
legacy
officers · 288b
2008-07-25
legacy
annual-return · 363a
2008-06-09
accounts-with-made-up-date
accounts · AA
2008-06-06
legacy
officers · 288c
2008-05-28
memorandum-articles
incorporation · MA
2008-05-22
certificate-change-of-name-company
change-of-name · CERTNM
2008-05-16
legacy
officers · 288a
2008-01-10