PALMARIS CAPITAL LIMITED
⚰️Wound downdissolved
SC108429 · ltd · incorporated 1987-12-24
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
63/100
Worth a look
What this business does
Primary activity: Activities of open-ended investment companies
Sector: Financial & insurance
Investor take
Pass (distressed without resilience)Distressed unclear — structural issues outweigh the discount.
Opportunity 63/100 (worth a look), bankability 62/100. High owner-dependency — earn-out structure likely required for clean transition. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).
🏦
Refinance opportunity
4 live charges · 3 lenders · oldest 28.3y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 28.3 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Legal-friction score 40/100 — workable, but lender will want more DD.
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
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
17 officers (6 active, 17 linked, 13 with DOB)
85
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
8 connected companies via shared directors
69
Filing history
172 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
63/100Worth 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
59
Some moderate concerns — review flags.
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 (55 events)Click to expand
- 2014-01-17📄gazette-dissolved-voluntarygazette · GAZ2(A)
- 2014-01-17🏁Company dissolved
- 2013-09-27📄gazette-notice-voluntarygazette · GAZ1(A)
- 2013-09-13📄dissolution-application-strike-off-companydissolution · DS01
- 2013-08-29📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2012-12-11📄change-account-reference-date-company-current-extendedaccounts · AA01
- 2012-12-06✏️certificate-re-registration-public-limited-company-to-privatechange-of-name · CERT10
- 2012-12-06📄re-registration-memorandum-articlesincorporation · MAR
- 2012-12-06📄resolutionresolution · RESOLUTIONS
- 2012-12-06✏️reregistration-public-to-private-companychange-of-name · RR02
- 2012-09-07📄annual-return-company-with-made-up-date-no-member-listannual-return · AR01
- 2011-12-22📄accounts-with-accounts-type-fullaccounts · AA
- 2011-09-20📄change-person-director-company-with-change-dateofficers · CH01
- 2011-09-20📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2010-12-22📄accounts-with-accounts-type-fullaccounts · AA
- 2010-09-09📄annual-return-company-with-made-up-date-bulk-list-shareholdersannual-return · AR01
- 2009-12-24📄accounts-with-accounts-type-fullaccounts · AA
- 2009-10-27📍move-registers-to-sail-companyaddress · AD03
- 2009-10-27📍change-sail-address-companyaddress · AD02
- 2009-08-11📄legacyannual-return · 363a
- 2009-01-14📄accounts-with-accounts-type-fullaccounts · AA
- 2008-12-22📄memorandum-articlesincorporation · MA
- 2008-12-22📄resolutionresolution · RESOLUTIONS
- 2008-09-03📄legacyannual-return · 363s
- 2007-12-05📄accounts-with-accounts-type-groupaccounts · AA
- 2007-08-10📄legacyannual-return · 363s
- 2003-07-03🔓Charge satisfied #2
- 2003-01-13🔒Charge registered #4Lender: The Royal Bank of Scotland PLC
- 2002-06-17🔓Charge satisfied #1
- 2001-10-02🔒Charge registered #3Lender: The Royal Bank of Scotland Commercial Serivces Limited
- 2000-05-01➕RICHARDSON, James appointedsecretary
- 2000-05-01➕RICHARDSON, James appointeddirector
- 2000-04-30➖WILSON, Alison resignedsecretary
- 2000-04-30➖JOHNSTON, Anthony Graeme Douglas resigneddirector
- 2000-04-30➖WILSON, Alison resigneddirector
- 2000-03-21🔒Charge registered #2Lender: Clydesdale Bank Public Limited Company
- 2000-03-07➕PATERSON, William appointeddirector
- 1999-07-01➕MELGAARD, Ronald Gregory appointeddirector
- 1998-01-23➖LAWWELL, Peter Thomas resigneddirector
- 1997-12-19🔒Charge registered #1Lender: Clydesdale Bank Public Limited Company
- 1997-10-01➕WILSON, Alison appointeddirector
- 1997-05-31➖MCLUCAS, William Philip resigneddirector
- 1997-01-24➖SHEPHARD, Roy resigneddirector
- 1996-09-19➕WILSON, Alison appointedsecretary
- 1996-09-19➖WAVERLEY INVESTMENT MANAGEMENT LTD resignedcorporate-secretary
- 1996-03-18➕LAWWELL, Peter Thomas appointeddirector
- 1995-12-15➕MCLUCAS, William Philip appointeddirector
- 1995-03-14➖HOWE, Arthur Cresswell Aspinall resigneddirector
- 1995-03-14➕SHEPHARD, Roy appointeddirector
- 1994-07-27➖CROLE, Colin Alexander resigneddirector
Showing most recent 50 of 55 events
Owner dependency
65/100
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 27 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 83 — succession pressure is live.
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 83 years old. Natural succession window is now.
- primary20+ year tenure: Director in role 27 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 38 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
1 high · 1 med ·Company dissolved
highCompany has been dissolved — it no longer legally exists. Any diligence here is historical only.
Evidence: Dissolved on 2014-01-17
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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|---|---|---|---|---|---|---|---|
| 3 SIGMA FINANCIAL SOLUTIONS LTD→ SC797197 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| AE FINANCIAL WEALTH LTD→ SC844405 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| ANNIE DUNCAN LTD.→ SC289895 · est 2005 · no financials extracted | — | — | — | — | 20y | — | — |
| ARCHIBALD MACINNES AND COMPANY LIMITED→ SC031316 · est 1956 · no financials extracted | — | — | — | — | 70y | — | — |
| ARROWHEAD FINANCIAL LTD→ SC702070 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| B G SCHOLEFIELD LTD→ SC881538 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| BRADLEY FINANCIAL PLANNING LTD→ SC573878 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| CALEDONIA CAPITAL LIMITED→ SC719417 · est 2022 · no financials extracted | — | — | — | — | 4y | — | — |
| CAPTURE CALEDONIA LTD→ SC389033 · est 2010 · no financials extracted | — | — | — | — | 15y | — | — |
| CJ FINANCIAL MANAGEMENT LIMITED→ SC876542 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| CJ JACKSON LTD→ SC880550 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| CJ MORTGAGE AND PROTECTION LTD→ SC860235 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
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
Incorporated1987-12-24
Jurisdictionscotland
Primary SIC64304 — Activities of open-ended investment companies
Registered office
Paterson Building
Gartsherrie Road
Coatbridge
Lanarkshire
ML5 2EU
Filing status
Accounts
Next due: —
Last made up to: 2011-06-30
Confirmation statement
Next due: —
Last: —
Officers (0 active · 11 resigned)
Active
Active
MELGAARD, Ronald Gregory→
Activedirector · ~76y · appointed 1999-07-01
View their other companies + combined net worth →
Active
PATERSON, William→
Activedirector · ~81y · appointed 2000-03-07
View their other companies + combined net worth →
RICHARDSON, James→
Activedirector · ~79y · appointed 2000-05-01
View their other companies + combined net worth →
WILSON, Alison→
Resignedsecretary · appointed 1996-09-19 · resigned 2000-04-30
WAVERLEY INVESTMENT MANAGEMENT LTD→
Resignedcorporate-secretary · appointed 1989-10-01 · resigned 1996-09-19
WAVERLEY INVESTMENT MANAGEMENT LTD→
Resignedcorporate-secretary · resigned 1989-10-01
BURNELL, Peter Charles Desborough→
Resigneddirector · ~85y · resigned 1992-12-31
CROLE, Colin Alexander→
Resigneddirector · ~98y · resigned 1994-07-27
HOWE, Arthur Cresswell Aspinall→
Resigneddirector · ~98y · resigned 1995-03-14
JOHNSTON, Anthony Graeme Douglas→
Resigneddirector · ~84y · appointed 1994-04-01 · resigned 2000-04-30
LAWWELL, Peter Thomas→
Resigneddirector · ~67y · appointed 1996-03-18 · resigned 1998-01-23
MCLUCAS, William Philip→
Resigneddirector · ~71y · appointed 1995-12-15 · resigned 1997-05-31
SHEPHARD, Roy→
Resigneddirector · ~94y · appointed 1995-03-14 · resigned 1997-01-24
WILSON, Alison→
Resigneddirector · ~60y · appointed 1997-10-01 · resigned 2000-04-30
Click a director name to see their full track record across all companies.
Mortgages & charges
4
Total charges
2
Outstanding
1
Active lenders
Status:Lender:4 of 4 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | Bond & floating charge | 1 property | 13/01/2003 | — | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland Commercial Serivces Limited | Floating charge | 1 property | 02/10/2001 | — | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Assignation in security | 3 properties | 21/03/2000 | 03/07/2003 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Floating charge | 1 property | 19/12/1997 | 17/06/2002 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (172 total)
gazette-dissolved-voluntary
gazette · GAZ2(A)
2014-01-17
gazette-notice-voluntary
gazette · GAZ1(A)
2013-09-27
dissolution-application-strike-off-company
dissolution · DS01
2013-09-13
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2013-08-29
change-account-reference-date-company-current-extended
accounts · AA01
2012-12-11
certificate-re-registration-public-limited-company-to-private
change-of-name · CERT10
2012-12-06
re-registration-memorandum-articles
incorporation · MAR
2012-12-06
resolution
resolution · RESOLUTIONS
2012-12-06
reregistration-public-to-private-company
change-of-name · RR02
2012-12-06
annual-return-company-with-made-up-date-no-member-list
annual-return · AR01
2012-09-07
accounts-with-accounts-type-full
accounts · AA
2011-12-22
change-person-director-company-with-change-date
officers · CH01
2011-09-20
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2011-09-20
accounts-with-accounts-type-full
accounts · AA
2010-12-22
annual-return-company-with-made-up-date-bulk-list-shareholders
annual-return · AR01
2010-09-09