AC199 REALISATIONS LIMITED
⚰️Wound downdissolved
SC102977 · ltd · incorporated 1987-01-30
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
50/100
Worth a look
What this business does
Primary activity: SIC 7415
Sector: Professional, scientific & technical
Investor take
Pass (distressed without resilience)Distressed unclear — structural issues outweigh the discount.
Opportunity 50/100 (worth a look), bankability 32/100. 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: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: asset disposal / carve-out (55/100). Current lenders should be on monthly review.
🏦
Refinance opportunity
10 live charges · 4 lenders · oldest 38.9y
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 38.9 years old — likely at or near maturity.
- · 4 lenders named — inter-creditor friction likely.
- · Legal-friction score 75/100 (specialist).
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
10 charges (10/10 with lender, 10/10 with type)
90
Directors & officers
16 officers (6 active, 16 linked, 14 with DOB)
88
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
7 connected companies via shared directors
66
Filing history
134 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
50/100Worth a look
PassWatchWorth a lookStrongExceptional
Mixed signal. Worth opening the full target workup before deciding to pursue.
Business quality
0
Concerning — overdue filings or status flags present.
Acquirability
85
Strong succession / seller-readiness signals.
Risk profile
46
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 (56 events)Click to expand
- 2013-08-12📄bona-vacantia-companyrestoration · BONA
- 2013-06-22⚠️gazette-dissolved-liquidationgazette · GAZ2
- 2013-06-22🏁Company dissolved
- 2013-03-22⚠️liquidation-in-administration-move-to-dissolution-scotlandinsolvency · 2.26B(Scot)
- 2013-03-22⚠️liquidation-in-administration-progress-report-scotlandinsolvency · 2.20B(Scot)
- 2012-11-02⚠️liquidation-in-administration-progress-report-scotlandinsolvency · 2.20B(Scot)
- 2012-05-10⚠️liquidation-in-administration-extension-of-period-scotlandinsolvency · 2.22B(Scot)
- 2012-05-10⚠️liquidation-in-administration-progress-report-scotlandinsolvency · 2.20B(Scot)
- 2012-02-21⚠️liquidation-in-administration-revised-proposals-scotlandinsolvency · 2.17B(Scot)
- 2011-11-11⚠️liquidation-in-administration-progress-report-scotlandinsolvency · 2.20B(Scot)
- 2011-05-06⚠️liquidation-in-administration-progress-report-scotlandinsolvency · 2.20B(Scot)
- 2011-04-12⚠️liquidation-in-administration-extension-of-period-scotlandinsolvency · 2.22B(Scot)
- 2010-11-24⚠️liquidation-in-administration-progress-report-scotlandinsolvency · 2.20B(Scot)
- 2010-06-17📄legacyliquidation · 2.18B(Scot)
- 2010-04-27⚠️liquidation-in-administration-appointment-of-administrator-scotlandinsolvency · 2.11B(Scot)
- 2010-04-12📍change-registered-office-address-company-with-date-old-addressaddress · AD01
- 2010-03-29✏️certificate-change-of-name-companychange-of-name · CERTNM
- 2010-03-29📄resolutionresolution · RESOLUTIONS
- 2009-08-03📄legacyannual-return · 363a
- 2009-07-22📄legacymortgage · 410(Scot)
- 2009-07-15🔒Charge registered #10Lender: Royal Bank of Scotland PLC
- 2008-08-21📄legacyannual-return · 363a
- 2008-07-07📄legacyofficers · 288b
- 2008-07-03➖WILD, Ian Nicholas resigneddirector
- 2008-04-25📄legacyofficers · 288a
- 2008-04-25📄legacyofficers · 288a
- 2008-04-15➕GLASSEY, Colin appointeddirector
- 2008-04-15➕HOLMAN, Steve appointeddirector
- 2008-03-28📄accounts-with-accounts-type-groupaccounts · AA
- 2007-10-26📄legacymortgage · 410(Scot)
- 2007-10-05🔒Charge registered #9Lender: Glasgow City Council
- 2006-10-02➕WILD, Ian Nicholas appointeddirector
- 2005-12-23🔒Charge registered #8Lender: The Royal Bank of Scotland Commercial Services Limited
- 2004-09-20➕SHANKS, Alastair Paul Henry appointeddirector
- 2004-08-31➖HOWITT, Thomas Slater resigneddirector
- 2004-08-31➖URQUHART, Robert Todd resigneddirector
- 2004-08-27➕SHELDON, James appointeddirector
- 2004-01-16🔒Charge registered #7Lender: The Royal Bank of Scotland Commercial Services Limited
- 2003-03-29➖HOUSTON, William resigneddirector
- 2003-01-06➕URQUHART, Robert Todd appointeddirector
- 2002-01-01➕SHELDON, James appointedsecretary
- 2001-12-31➖GEMMELL, Donald Johnson resignedsecretary
- 2001-12-31➖GEMMELL, Donald Johnson resigneddirector
- 1999-03-31➖MACNAIR, Neil Smith resigneddirector
- 1996-02-29➖KEARNEY, Douglas Richard resigneddirector
- 1992-09-09🔓Charge satisfied #5
- 1991-09-04➕KEARNEY, Douglas Richard appointeddirector
- 1990-07-25➖SHANKS, Ronald Stewart Cuthbertson resigneddirector
- 1989-10-12➖MURRAY, Norman Loch resigneddirector
- 1989-02-14🔒Charge registered #6Lender: The Royal Bank of Scotland PLC
Showing most recent 50 of 56 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
- -5 active directors: Broader management team in place — suggests transferable governance.
- +Long-tenure founder: Senior director has been in place 22 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 84 — succession pressure is live.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
90/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 84 years old. Natural succession window is now.
- primary20+ year tenure: Director in role 22 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 39 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 lowCompany dissolved
highCompany has been dissolved — it no longer legally exists. Any diligence here is historical only.
Evidence: Dissolved on 2013-06-22
12 insolvency-related filings on record
highFilings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2013-06-22: gazette-dissolved-liquidation; 2013-03-22: liquidation-in-administration-move-to-dissolution-scotland
9 live charges
lowHeavily 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 · Professional services · G postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| ATHENA CONSULT LTD→ SC655717 · est 2020 · no financials extracted | — | — | — | — | 6y | — | — |
| ATHLETE ORIGIN LTD→ SC708117 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| ATKINSON PARTNERSHIPS LTD.→ SC251012 · est 2003 · no financials extracted | — | — | — | — | 22y | — | — |
| ATM MANAGEMENT & CONSULTING LTD→ SC404793 · est 2011 · no financials extracted | — | — | — | — | 14y | — | — |
| ATMOSFUTURE INNOVATIONS LIMITED→ SC869684 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| ATRAXEMPIRE LIMITED→ SC613313 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| AUCKLAND GROWTH CO LTD→ SC769688 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| AUDIOELEMENTS (SCOTLAND) LIMITED→ SC834885 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| AUDIT CENTRIC LIMITED→ SC451452 · est 2013 · no financials extracted | — | — | — | — | 12y | — | — |
| AULD KIRK DEVELOPMENTS LIMITED→ SC547247 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| AURITUS WILDLIFE CONSULTANCY LTD→ SC288887 · est 2005 · no financials extracted | — | — | — | — | 20y | — | — |
| AVIDITY GROUP LIMITED→ SC513441 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
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
Statusdissolved
Typeltd
Incorporated1987-01-30
Jurisdictionscotland
Primary SIC7415 — SIC 7415
Registered office
Grant Thornton Uk Llp
95 Bothwell Street
Glasgow
G2 7JZ
Filing status
Accounts
Next due: —
Last made up to: 2007-12-31
Confirmation statement
Next due: —
Last: —
Officers (0 active · 10 resigned)
Active
GLASSEY, Colin→
Activedirector · ~71y · appointed 2008-04-15
View their other companies + combined net worth →
HOLMAN, Steve→
Activedirector · ~65y · appointed 2008-04-15
View their other companies + combined net worth →
SHANKS, Alastair Paul Henry→
Activedirector · ~50y · appointed 2004-09-20
View their other companies + combined net worth →
Active
SHELDON, James→
Activedirector · ~65y · appointed 2004-08-27
View their other companies + combined net worth →
GEMMELL, Donald Johnson→
Resignedsecretary · resigned 2001-12-31
GEMMELL, Donald Johnson→
Resigneddirector · ~78y · resigned 2001-12-31
HOUSTON, William→
Resigneddirector · ~82y · resigned 2003-03-29
HOWITT, Thomas Slater→
Resigneddirector · ~92y · resigned 2004-08-31
KEARNEY, Douglas Richard→
Resigneddirector · ~71y · appointed 1991-09-04 · resigned 1996-02-29
MACNAIR, Neil Smith→
Resigneddirector · ~88y · resigned 1999-03-31
MURRAY, Norman Loch→
Resigneddirector · ~78y · resigned 1989-10-12
SHANKS, Ronald Stewart Cuthbertson→
Resigneddirector · ~81y · resigned 1990-07-25
URQUHART, Robert Todd→
Resigneddirector · ~64y · appointed 2003-01-06 · resigned 2004-08-31
WILD, Ian Nicholas→
Resigneddirector · ~61y · appointed 2006-10-02 · resigned 2008-07-03
Click a director name to see their full track record across all companies.
Mortgages & charges
10
Total charges
9
Outstanding
2
Active lenders
Status:Lender:10 of 10 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group Royal Bank of Scotland PLC | Legal charge | 1 property | 15/07/2009 | — | |
| outstanding | Glasgow City Council | Rent deposit deed | 1 property | 05/10/2007 | — | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland Commercial Services Limited | Floating charge | 1 property | 23/12/2005 | — | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland Commercial Services Limited | Floating charge | 1 property | 16/01/2004 | — | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | Standard security | 1 property | 14/02/1989 | — | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Legal charge | 1 property | 13/01/1989 | 09/09/1992 | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | Legal charge | 1 property | 15/09/1988 | — | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | Legal charge | 1 property | 12/04/1988 | — | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | Legal charge | 1 property | 12/04/1988 | — | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | Bond & floating charge | 1 property | 02/06/1987 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (134 total)
bona-vacantia-company
restoration · BONA
2013-08-12
gazette-dissolved-liquidation
gazette · GAZ2
2013-06-22
liquidation-in-administration-move-to-dissolution-scotland
insolvency · 2.26B(Scot)
2013-03-22
liquidation-in-administration-progress-report-scotland
insolvency · 2.20B(Scot)
2013-03-22
liquidation-in-administration-progress-report-scotland
insolvency · 2.20B(Scot)
2012-11-02
liquidation-in-administration-extension-of-period-scotland
insolvency · 2.22B(Scot)
2012-05-10
liquidation-in-administration-progress-report-scotland
insolvency · 2.20B(Scot)
2012-05-10
liquidation-in-administration-revised-proposals-scotland
insolvency · 2.17B(Scot)
2012-02-21
liquidation-in-administration-progress-report-scotland
insolvency · 2.20B(Scot)
2011-11-11
liquidation-in-administration-progress-report-scotland
insolvency · 2.20B(Scot)
2011-05-06
liquidation-in-administration-extension-of-period-scotland
insolvency · 2.22B(Scot)
2011-04-12
liquidation-in-administration-progress-report-scotland
insolvency · 2.20B(Scot)
2010-11-24
legacy
liquidation · 2.18B(Scot)
2010-06-17
liquidation-in-administration-appointment-of-administrator-scotland
insolvency · 2.11B(Scot)
2010-04-27
change-registered-office-address-company-with-date-old-address
address · AD01
2010-04-12