SPIRITEL IP COMMUNICATIONS SCOTLAND LIMITED
⚰️Wound downdissolved
SC068414 · ltd · incorporated 1979-06-07
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
58/100
Worth a look
What this business does
Primary activity: Non-trading company
Sector: Professional, scientific & technical
Investor take
Pass (distressed without resilience)Distressed dormant / non-trading — structural issues outweigh the discount.
Opportunity 58/100 (worth a look), bankability 72/100. Strong seller-intent signal (75/100, director aged 63). Biggest value-creation lever: Consolidate lender relationships. 6 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).
🏦
Refinance opportunity
16 live charges · 6 lenders · oldest 45.7y
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 45.7 years old — likely at or near maturity.
- · 6 lenders named — inter-creditor friction likely.
- · Legal-friction score 45/100 (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
16 charges (16/16 with lender, 16/16 with type)
90
Directors & officers
17 officers (3 active, 17 linked, 12 with DOB)
84
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
11 connected companies via shared directors
78
Filing history
169 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
58/100Worth 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
85
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
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (86 events)Click to expand
- 2014-02-14📄gazette-dissolved-voluntarygazette · GAZ2(A)
- 2014-02-14🏁Company dissolved
- 2013-10-25📄gazette-notice-voluntarygazette · GAZ1(A)
- 2013-10-08📄dissolution-application-strike-off-companydissolution · DS01
- 2013-03-28📄legacycapital · SH20
- 2013-03-28📄capital-statement-capital-company-with-date-currency-figurecapital · SH19
- 2013-03-28⚠️legacyinsolvency · CAP-SS
- 2013-03-28📄resolutionresolution · RESOLUTIONS
- 2012-12-17📄accounts-with-accounts-type-dormantaccounts · AA
- 2012-10-26📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2012-05-01📄termination-director-company-with-name-termination-dateofficers · TM01
- 2012-04-12➖KIRKWOOD, Gareth Robert resigneddirector
- 2012-01-05📄accounts-with-accounts-type-dormantaccounts · AA
- 2011-10-31📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2011-07-25📄appoint-person-director-company-with-nameofficers · AP01
- 2011-07-22📄termination-director-company-with-nameofficers · TM01
- 2011-06-28➕SMITH, Stephen Alan appointeddirector
- 2011-06-28➖RILEY, Anthony John resigneddirector
- 2011-04-27📄accounts-with-accounts-type-fullaccounts · AA
- 2011-04-17📄appoint-person-director-company-with-nameofficers · AP01
- 2011-04-01➕KIRKWOOD, Gareth Robert appointeddirector
- 2010-12-07📄legacymortgage · MG03s
- 2010-12-07📄legacymortgage · MG03s
- 2010-12-06🔓Charge satisfied #18
- 2010-12-06🔓Charge satisfied #15
- 2010-11-26📄appoint-person-director-company-with-nameofficers · AP01
- 2010-11-26📄termination-secretary-company-with-nameofficers · TM02
- 2010-11-26📄termination-director-company-with-nameofficers · TM01
- 2010-11-26📄termination-director-company-with-nameofficers · TM01
- 2010-11-26📄appoint-person-director-company-with-nameofficers · AP01
- 2010-11-26📄appoint-person-secretary-company-with-nameofficers · AP03
- 2010-11-26📄change-account-reference-date-company-current-shortenedaccounts · AA01
- 2010-11-10➕MCGLENNON, David Lewis appointedsecretary
- 2010-11-10➕RILEY, Matthew Robinson appointeddirector
- 2010-11-10➖BOOTH, Andrew Arnold resignedsecretary
- 2010-11-10➖MILLS, Alastair Richard resigneddirector
- 2010-11-10➕RILEY, Anthony John appointeddirector
- 2010-11-10➖SMITH, Ronald Watson resigneddirector
- 2010-03-27🔓Charge satisfied #17
- 2010-03-27🔓Charge satisfied #16
- 2010-03-18➕BOOTH, Andrew Arnold appointedsecretary
- 2010-03-18➖PAULL & WILLIAMSONS LLP resignedcorporate-secretary
- 2010-03-18➖DAVIDSON, Austin Rioch resigneddirector
- 2010-03-18➖FORBES, Robert Gordon resigneddirector
- 2010-03-18➖GARDINER, Jock Alistair resigneddirector
- 2010-03-18➕MILLS, Alastair Richard appointeddirector
- 2010-03-18➕SMITH, Ronald Watson appointeddirector
- 2010-03-18➖SMITH, Thomas Davie resigneddirector
- 2010-03-18🔒Charge registered #18Lender: Clydesdale Bank PLC
- 2009-04-06➖PAULL & WILLIAMSONS resignedcorporate-secretary
Showing most recent 50 of 86 events
Owner dependency
76/100
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.
- +Long-tenure founder: Senior director has been in place 15 years — deep operational knowledge concentrated in one person.
- +Senior director age: Director aged approximately 63 — approaching natural succession window.
Succession & seller-readiness
79/100
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 63. Approaching typical UK retirement age — succession thinking likely.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- secondary12+ year tenure: Director in role 15 years.
- secondaryStable-but-static management: Company is 47 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 · 1 med ·Company dissolved
highCompany has been dissolved — it no longer legally exists. Any diligence here is historical only.
Evidence: Dissolved on 2014-02-14
1 insolvency-related filing on record
highFilings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2013-03-28: 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.
🔒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
8 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
Incorporated1979-06-07
Jurisdictionscotland
Primary SIC74990 — Non-trading company
Registered office
Dalziel House Lark Way
Strathclyde Business Park
Bellshill
ML4 3RB
Filing status
Accounts
Next due: —
Last made up to: 2012-03-31
Confirmation statement
Next due: —
Last: —
Officers (0 active · 14 resigned)
MCGLENNON, David Lewis→
Activesecretary · appointed 2010-11-10
View their other companies + combined net worth →
RILEY, Matthew Robinson→
Activedirector · ~52y · appointed 2010-11-10
View their other companies + combined net worth →
SMITH, Stephen Alan→
Activedirector · ~63y · appointed 2011-06-28
View their other companies + combined net worth →
BOOTH, Andrew Arnold→
Resignedsecretary · appointed 2010-03-18 · resigned 2010-11-10
SINCLAIR, Martin Fraser→
Resignedsecretary · resigned 2008-06-02
PAULL & WILLIAMSONS→
Resignedcorporate-secretary · appointed 2008-06-02 · resigned 2009-04-06
PAULL & WILLIAMSONS LLP→
Resignedcorporate-secretary · appointed 2009-04-06 · resigned 2010-03-18
DAVIDSON, Austin Rioch→
Resigneddirector · ~75y · resigned 2010-03-18
FORBES, Robert Gordon→
Resigneddirector · ~67y · appointed 2008-06-02 · resigned 2010-03-18
GARDINER, Jock Alistair→
Resigneddirector · ~61y · appointed 2008-06-02 · resigned 2010-03-18
KIRKWOOD, Gareth Robert→
Resigneddirector · ~63y · appointed 2011-04-01 · resigned 2012-04-12
MILLS, Alastair Richard→
Resigneddirector · ~54y · appointed 2010-03-18 · resigned 2010-11-10
RILEY, Anthony John→
Resigneddirector · ~59y · appointed 2010-11-10 · resigned 2011-06-28
ROSS, Lydia Margaret→
Resigneddirector · ~64y · appointed 2001-05-01 · resigned 2004-08-01
SINCLAIR, Martin Fraser→
Resigneddirector · ~81y · resigned 2008-06-02
SMITH, Ronald Watson→
Resigneddirector · ~62y · appointed 2010-03-18 · resigned 2010-11-10
SMITH, Thomas Davie→
Resigneddirector · ~74y · resigned 2010-03-18
Click a director name to see their full track record across all companies.
Mortgages & charges
16
Total charges
0
Outstanding
0
Active lenders
Status:Lender:16 of 16 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Virgin Money Clydesdale Bank PLC | Floating charge | 1 property | 18/03/2010 | 06/12/2010 | |
| satisfied | Aberdeen Asset Managers Aberdeen Asset Managers Limited | Floating charge | 1 property | 02/06/2008 | 27/03/2010 | |
| satisfied | Scottish Enterprise | Floating charge | 1 property | 02/06/2008 | 27/03/2010 | |
| satisfied | Virgin Money Clydesdale Bank PLC | Bond & floating charge | 1 property | 02/06/2008 | 06/12/2010 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Assignation of keman life policy | 1 property | 01/12/2005 | 11/06/2008 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Assignation of keyman life policy | 1 property | 01/12/2005 | 11/06/2008 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Assignation of keyman life policy | 1 property | 18/11/2005 | 11/06/2008 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Assignation of keyman life policy | 1 property | 18/11/2005 | 11/06/2008 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Floating charge | 1 property | 02/09/2005 | 11/06/2008 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 1 property | 11/10/2002 | 08/08/2007 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 1 property | 08/10/2002 | 23/04/2008 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Standard security | 1 property | 09/01/1998 | 13/01/2003 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Standard security | 1 property | 27/09/1991 | 13/01/2003 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Floating charge | 1 property | 14/07/1982 | 12/11/2003 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Letter of offset | 1 property | 18/09/1980 | 15/11/1982 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Bond & floating charge | 1 property | 28/08/1980 | 30/09/1982 |
Recent filings (169 total)
gazette-dissolved-voluntary
gazette · GAZ2(A)
2014-02-14
gazette-notice-voluntary
gazette · GAZ1(A)
2013-10-25
dissolution-application-strike-off-company
dissolution · DS01
2013-10-08
legacy
capital · SH20
2013-03-28
capital-statement-capital-company-with-date-currency-figure
capital · SH19
2013-03-28
legacy
insolvency · CAP-SS
2013-03-28
resolution
resolution · RESOLUTIONS
2013-03-28
accounts-with-accounts-type-dormant
accounts · AA
2012-12-17
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2012-10-26
termination-director-company-with-name-termination-date
officers · TM01
2012-05-01
accounts-with-accounts-type-dormant
accounts · AA
2012-01-05
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2011-10-31
appoint-person-director-company-with-name
officers · AP01
2011-07-25
termination-director-company-with-name
officers · TM01
2011-07-22
accounts-with-accounts-type-full
accounts · AA
2011-04-27