WGD023 LIMITED
💤Zombieactive
SC088772 · ltd · incorporated 1984-07-05
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
🔒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: Non-trading company
Sector: Professional, scientific & technical
Investor take
Pass (distressed without resilience)Distressed dormant / non-trading — structural issues outweigh the discount.
Opportunity 53/100 (worth a look), bankability 50/100. High owner-dependency — earn-out structure likely required for clean transition. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: share sale to pe / searcher (38/100). Current lenders should be on monthly review.
🏦
Refinance opportunity
1 live charge · oldest 40.4y
45/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 40.4 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (59/100)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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
32 officers (2 active, 32 linked, 23 with DOB)
84
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
141 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
45
Concerning — overdue filings or status flags present.
Acquirability
60
Some acquirability indicators.
Risk profile
31
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
1
filing
- • 1 miscellaneous
Counts from Companies House filing history.
Corporate timeline (76 events)Click to expand
- 2025-12-18📄court-ordermiscellaneous · OC-DV
- 2019-12-17📄gazette-dissolved-voluntarygazette · GAZ2(A)
- 2019-10-01📄gazette-notice-voluntarygazette · GAZ1(A)
- 2019-09-24📄dissolution-application-strike-off-companydissolution · DS01
- 2019-08-21📄accounts-with-accounts-type-dormantaccounts · AA
- 2018-09-05📄accounts-with-accounts-type-dormantaccounts · AA
- 2017-09-13📄accounts-with-accounts-type-dormantaccounts · AA
- 2016-09-09📄legacycapital · SH20
- 2016-09-09📄capital-statement-capital-company-with-date-currency-figurecapital · SH19
- 2016-09-09⚠️legacyinsolvency · CAP-SS
- 2016-09-09📄resolutionresolution · RESOLUTIONS
- 2016-07-11📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2016-01-20📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2016-01-09📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2016-01-09📄termination-director-company-with-name-termination-dateofficers · TM01
- 2016-01-09📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2015-12-18➕JONES, Iain Angus appointedsecretary
- 2015-12-18➖BROWN, Robert Muirhead Birnie resignedsecretary
- 2015-12-18➖BROWN, Robert Muirhead Birnie resigneddirector
- 2015-07-30📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2015-06-02📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2015-01-09📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2014-06-12📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2014-01-06📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2013-03-25📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2010-09-01➕BROWN, Robert Muirhead Birnie appointedsecretary
- 2010-09-01➕BROWN, Robert Muirhead Birnie appointedsecretary
- 2010-09-01➖BROWN, Robert Muirhead Birnie resignedsecretary
- 2010-09-01➖JOHNSON, Ian resignedsecretary
- 2010-09-01➕BROWN, Robert Muirhead Birnie appointeddirector
- 2010-09-01➖BROWN, Robert Muirhead Birnie resigneddirector
- 2010-09-01➕BROWN, Robert Muirhead Birnie appointeddirector
- 2010-09-01➖JOHNSON, Ian resigneddirector
- 2009-11-16➕SETTER, William George appointeddirector
- 2009-11-16➖DEAR, Michael resigneddirector
- 2006-11-22➕DEAR, Michael appointeddirector
- 2006-11-22➖PARK, George Graeme resigneddirector
- 2005-03-21➕PARK, George Graeme appointeddirector
- 2005-03-21➖WATSON, Christopher Edward Milne resigneddirector
- 2003-11-24➕JOHNSON, Ian appointedsecretary
- 2003-11-24➖WATSON, Christopher Edward Milne resignedsecretary
- 2003-11-24➕JOHNSON, Ian appointeddirector
- 2003-11-24➖LANGLANDS, Allister Gordon resigneddirector
- 1999-10-01➖GOOD, Graham resignedsecretary
- 1999-10-01➕WATSON, Christopher Edward Milne appointedsecretary
- 1999-10-01➖GOOD, Graham resigneddirector
- 1999-10-01➕WATSON, Christopher Edward Milne appointeddirector
- 1998-03-23➖BROWN, Charles Nicholas resignedsecretary
- 1998-03-23➕GOOD, Graham appointedsecretary
- 1998-03-23➖BROWN, Charles Nicholas resigneddirector
Showing most recent 50 of 76 events
Owner dependency
85/100
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 16 years — deep operational knowledge concentrated in one person.
Succession & seller-readiness
63/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- secondary12+ year tenure: Director in role 16 years.
- secondaryStable-but-static management: Company is 42 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
3 high ·Accounts overdue
highStatutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.
Evidence: Next due: 2020-09-30
Confirmation statement overdue
highAnnual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.
Evidence: Next due: 2020-01-14
1 insolvency-related filing on record
highFilings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2016-09-09: legacy
Group structure
John Wood Group Plc is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
John Wood Group Plc
Corporate parent · holds 75-100% shares · board control
⬇
WGD023 LIMITED
This company · SC088772
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 |
|---|---|---|---|---|
John Wood Group Plc Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · 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
Active · Holding company · AB postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| COWRIE HOLDINGS LIMITED→ SC700069 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| FIDONA PROPERTY LIMITED→ SC835551 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| G A ENGINEERING (GROUP) LIMITED→ SC448644 · est 2013 · no financials extracted | — | — | — | — | 12y | — | — |
| HB ENTERPRISES (SCOTLAND) LTD.→ SC338386 · est 2008 · no financials extracted | — | — | — | — | 18y | — | — |
| HOME CARE (SCOTLAND) HOLDINGS 2 LTD→ SC841874 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| HRN GROUP LIMITED→ SC721321 · est 2022 · no financials extracted | — | — | — | — | 4y | — | — |
| INDEPENDENT TAXIS LIMITED→ SC229940 · est 2002 · no financials extracted | — | — | — | — | 24y | — | — |
| INFINITYBLU VENTURES LTD→ SC776078 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| INTEROCEAN ENERGY (MIDDLE EAST) LIMITED→ SC840005 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| INTEROCEAN GROUP SERVICES LIMITED→ SC484003 · est 2014 · no financials extracted | — | — | — | — | 11y | — | — |
| INTEROCEAN HOLDINGS LIMITED→ SC772186 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| INTRACK CONSULTANTS LIMITED→ SC221240 · est 2001 · no financials extracted | — | — | — | — | 24y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
11 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
Incorporated1984-07-05
Jurisdictionscotland
Primary SIC74990 — Non-trading company
Registered office
Ground Floor, 15 Justice Mill Lane
Aberdeen
AB11 6EQ
Filing status
Accounts
Next due: 2020-09-30OVERDUE
Last made up to: 2018-12-31
Confirmation statement
Next due: 2020-01-14OVERDUE
Last: 2018-12-31
Officers (2 active · 30 resigned)
Active
SETTER, William George→
Activedirector · ~51y · appointed 2009-11-16
View their other companies + combined net worth →
BROWN, Charles Nicholas→
Resignedsecretary · appointed 1997-02-14 · resigned 1998-03-23
BROWN, Robert Muirhead Birnie→
Resignedsecretary · appointed 2010-09-01 · resigned 2015-12-18
BROWN, Robert Muirhead Birnie→
Resignedsecretary · appointed 2010-09-01 · resigned 2010-09-01
GARRETT, Edwin Charles→
Resignedsecretary · resigned 1997-02-14
GOOD, Graham→
Resignedsecretary · appointed 1998-03-23 · resigned 1999-10-01
JOHNSON, Ian→
Resignedsecretary · appointed 2003-11-24 · resigned 2010-09-01
WATSON, Christopher Edward Milne→
Resignedsecretary · appointed 1999-10-01 · resigned 2003-11-24
ADAM, William Dickson→
Resigneddirector · ~84y · resigned 1992-11-09
BROWN, Charles Nicholas→
Resigneddirector · ~79y · appointed 1997-03-17 · resigned 1998-03-23
BROWN, Robert Muirhead Birnie→
Resigneddirector · ~56y · appointed 2010-09-01 · resigned 2010-09-01
BROWN, Robert Muirhead Birnie→
Resigneddirector · ~56y · appointed 2010-09-01 · resigned 2015-12-18
CARR, William Hadden→
Resigneddirector · ~93y · resigned 1995-09-01
DEAR, Michael→
Resigneddirector · ~55y · appointed 2006-11-22 · resigned 2009-11-16
EDGAR, William→
Resigneddirector · ~88y · appointed 1995-09-01 · resigned 1997-03-17
GOOD, Graham→
Resigneddirector · ~77y · appointed 1998-03-23 · resigned 1999-10-01
HOGG, Richard→
Resigneddirector · resigned 1990-03-31
JOHNSON, Ian→
Resigneddirector · ~75y · appointed 2003-11-24 · resigned 2010-09-01
JOHNSTON, William Douglas→
Resigneddirector · ~76y · resigned 1989-11-14
Click a director name to see their full track record across all companies.
Mortgages & charges
1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Virgin Money Clydesdale Bank Public Limited Company | Floating charge | 1 property | 04/12/1985 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (141 total)
court-order
miscellaneous · OC-DV
2025-12-18
gazette-dissolved-voluntary
gazette · GAZ2(A)
2019-12-17
gazette-notice-voluntary
gazette · GAZ1(A)
2019-10-01
dissolution-application-strike-off-company
dissolution · DS01
2019-09-24
accounts-with-accounts-type-dormant
accounts · AA
2019-08-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-01-03
accounts-with-accounts-type-dormant
accounts · AA
2018-09-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2018-01-03
accounts-with-accounts-type-dormant
accounts · AA
2017-09-13
confirmation-statement-with-updates
confirmation-statement · CS01
2017-02-07
legacy
capital · SH20
2016-09-09
capital-statement-capital-company-with-date-currency-figure
capital · SH19
2016-09-09
legacy
insolvency · CAP-SS
2016-09-09
resolution
resolution · RESOLUTIONS
2016-09-09
accounts-with-accounts-type-total-exemption-small
accounts · AA
2016-07-11