TULLOCH RESORTS LIMITED
⚰️Wound downdissolved
SC109832 · ltd · incorporated 1988-03-15
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: Construction of domestic buildings
Sector: Construction
Investor take
Pass (distressed without resilience)Distressed unclear — structural issues outweigh the discount.
Opportunity 50/100 (worth a look), bankability 52/100. Strong seller-intent signal (88/100, director aged 72). Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: Consolidate lender relationships. 6 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
21 live charges · 6 lenders · oldest 37.2y
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 37.2 years old — likely at or near maturity.
- · 6 lenders named — inter-creditor friction likely.
- · Legal-friction score 65/100 (specialist).
Data confidence
Overall: low (53/100)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
21 charges (21/21 with lender, 21/21 with type)
90
Directors & officers
40 officers (2 active, 40 linked, 33 with DOB)
87
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
16 connected companies via shared directors
90
Filing history
364 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
10
Concerning — overdue filings or status flags present.
Acquirability
80
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 (140 events)Click to expand
- 2023-12-13📄bona-vacantia-companyrestoration · BONA
- 2018-11-20⚠️gazette-dissolved-liquidationgazette · GAZ2
- 2018-11-20🏁Company dissolved
- 2018-08-20⚠️liquidation-voluntary-return-of-final-meeting-scotlandinsolvency · 4.26(Scot)
- 2017-04-26📄mortgage-satisfy-charge-fullmortgage · MR04
- 2017-04-26📄mortgage-satisfy-charge-fullmortgage · MR04
- 2017-04-26📄mortgage-satisfy-charge-fullmortgage · MR04
- 2017-04-26🔓Charge satisfied #24
- 2017-04-26🔓Charge satisfied #23
- 2017-04-26🔓Charge satisfied #21
- 2017-04-24📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2017-04-24📄resolutionresolution · RESOLUTIONS
- 2016-12-21📄accounts-with-accounts-type-dormantaccounts · AA
- 2016-05-12📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2016-03-07📄accounts-with-accounts-type-dormantaccounts · AA
- 2016-01-07📄change-person-director-company-with-change-dateofficers · CH01
- 2015-07-02📄change-person-director-company-with-change-dateofficers · CH01
- 2015-05-12📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2015-04-02📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2015-03-31📄accounts-with-accounts-type-dormantaccounts · AA
- 2015-03-23🔒Charge registered #24Lender: Bank of Scotland PLC
- 2015-03-06📄mortgage-satisfy-charge-fullmortgage · MR04
- 2015-03-06📄mortgage-satisfy-charge-fullmortgage · MR04
- 2015-03-06📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2015-03-06🔓Charge satisfied #16
- 2015-03-06🔓Charge satisfied #13
- 2015-03-04🔒Charge registered #23Lender: Bank of Scotland PLC
- 2015-02-17📄mortgage-satisfy-charge-fullmortgage · MR04
- 2015-02-17🔓Charge satisfied #18
- 2014-05-15📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2014-05-02📄auditors-resignation-companyauditors · AUD
- 2014-03-31📄accounts-with-accounts-type-dormantaccounts · AA
- 2013-05-22📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2013-05-01📄accounts-with-accounts-type-fullaccounts · AA
- 2012-06-29➖CAMERON, James resignedsecretary
- 2012-01-31➕CAMERON, James appointedsecretary
- 2012-01-31➖SUTHERLAND, Caroline Anne resignedsecretary
- 2011-12-31➕FRASER, George Gabriel appointeddirector
- 2011-12-31➖SUTHERLAND, David Fraser resigneddirector
- 2011-04-26➖MARSHALL, Alyson resigneddirector
- 2009-12-05🔓Charge satisfied #22
- 2009-12-05🔓Charge satisfied #20
- 2009-03-03➖MUIR, Marjory Bremner resigneddirector
- 2008-05-01➕GRANT, Alexander James appointeddirector
- 2007-03-30➕MARSHALL, Alyson appointeddirector
- 2006-10-11➖GRANT, Alexander James resigneddirector
- 2006-10-11➕MUIR, Marjory Bremner appointeddirector
- 2006-09-14🔒Charge registered #22Lender: Inverness Estates Limited
- 2004-10-04➖TRACE, Marjory Bremner resigneddirector
- 2004-08-12🔓Charge satisfied #19
Showing most recent 50 of 140 events
Owner dependency
83/100
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
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Long-tenure founder: Senior director has been in place 18 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 72 — succession pressure is live.
Succession & seller-readiness
89/100
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 72 years old. Natural succession window is now.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- secondary12+ year tenure: Director in role 18 years.
- 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
2 high · 1 med ·Company dissolved
highCompany has been dissolved — it no longer legally exists. Any diligence here is historical only.
Evidence: Dissolved on 2018-11-20
2 insolvency-related filings on record
highFilings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2018-11-20: gazette-dissolved-liquidation; 2018-08-20: liquidation-voluntary-return-of-final-meeting-scotland
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
10 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
Incorporated1988-03-15
Jurisdictionscotland
Primary SIC41202 — Construction of domestic buildings
Registered office
7-11 Melville Street
Edinburgh
EH3 7PE
Filing status
Accounts
Next due: —
Last made up to: 2016-06-30
Confirmation statement
Next due: —
Last: —
Officers (0 active · 38 resigned)
FRASER, George Gabriel→
Activedirector · ~72y · appointed 2011-12-31
View their other companies + combined net worth →
GRANT, Alexander James→
Activedirector · ~65y · appointed 2008-05-01
View their other companies + combined net worth →
CAMERON, James→
Resignedsecretary · appointed 2012-01-31 · resigned 2012-06-29
CAMPBELL, Gary Angus→
Resignedsecretary · appointed 1995-09-28 · resigned 1997-02-05
MACDONALD, Ronald Sutherland→
Resignedsecretary · appointed 1997-02-05 · resigned 1999-04-23
STEWART, Katherine M→
Resignedsecretary · resigned 1992-03-16
SUTHERLAND, Caroline Anne→
Resignedsecretary · appointed 2004-02-16 · resigned 2012-01-31
SUTHERLAND, David Fraser→
Resignedsecretary · appointed 1992-03-16 · resigned 1995-09-28
TRACE, Marjory Bremner→
Resignedsecretary · appointed 1999-04-23 · resigned 2004-02-16
BANKIER, Ian Patrick→
Resigneddirector · ~74y · appointed 1993-10-27 · resigned 2000-06-29
BARKLEY, John→
Resigneddirector · ~78y · appointed 1996-09-25 · resigned 1999-12-29
BROWN, Henry Dickson Park→
Resigneddirector · ~93y · appointed 1992-07-28 · resigned 1995-10-30
CAMERON, David John→
Resigneddirector · ~84y · appointed 1997-11-28 · resigned 2000-10-24
CAMERON, Kenneth William→
Resigneddirector · ~70y · appointed 1999-04-02 · resigned 2004-02-12
CAMERON, Neil Stuart→
Resigneddirector · ~76y · appointed 1992-07-28 · resigned 1997-04-30
CHAVASSE, Ian Macdougall→
Resigneddirector · ~89y · appointed 1994-04-04 · resigned 1997-01-01
FRASER, George Gabriel→
Resigneddirector · ~72y · appointed 1993-03-31 · resigned 2004-02-12
GRANT, Alexander James→
Resigneddirector · ~65y · appointed 2003-12-22 · resigned 2006-10-11
HANN, James, Sir→
Resigneddirector · ~93y · appointed 1989-09-16 · resigned 1991-02-04
MACDONALD, Ronald Sutherland→
Resigneddirector · ~75y · appointed 1996-11-29 · resigned 2001-08-31
Click a director name to see their full track record across all companies.
Mortgages & charges
21
Total charges
0
Outstanding
0
Active lenders
Status:Lender:21 of 21 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 23/03/2015 | 26/04/2017 | |
| satisfied | Lloyds Banking Group Bank of Scotland PLC | A registered charge | — | 04/03/2015 | 26/04/2017 | |
| satisfied | Inverness Estates / Inverness Estates Inverness Estates Limited / Inverness Estates Limited | Standard security | 1 property | 14/09/2006 | 05/12/2009 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 1 property | 31/03/2004 | 26/04/2017 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 1 property | 18/02/2003 | 05/12/2009 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Assignation in security | 1 property | 26/02/1998 | 17/02/2015 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Bond & floating charge | 1 property | 12/11/1997 | 06/03/2015 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 1 property | 26/11/1993 | 29/07/2002 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Bond & floating charge | 1 property | 10/11/1993 | 06/03/2015 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Standard security | 1 property | 09/04/1993 | 30/11/1993 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Standard security | 1 property | 22/08/1991 | 30/11/1993 | |
| satisfied | Highland Prospect Highland Prospect Limited | Standard security | 1 property | 21/06/1991 | 12/08/2004 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Standard security | 1 property | 03/03/1989 | 27/07/1992 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Standard security | 1 property | 28/02/1989 | 27/07/1992 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Standard security | 1 property | 28/02/1989 | 27/07/1992 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Standard security | 1 property | 28/02/1989 | 27/07/1992 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Standard security | 1 property | 28/02/1989 | 30/11/1993 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Standard security | 1 property | 28/02/1989 | 27/07/1992 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Standard security | 1 property | 28/02/1989 | 30/11/1993 | |
| satisfied | Charterhouse Development ., London Charterhouse Development LTD., London | Floating charge | 1 property | 10/02/1989 | 09/08/1996 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Bond & floating charge | 1 property | 10/02/1989 | 30/11/1993 |
Recent filings (364 total)
bona-vacantia-company
restoration · BONA
2023-12-13
gazette-dissolved-liquidation
gazette · GAZ2
2018-11-20
liquidation-voluntary-return-of-final-meeting-scotland
insolvency · 4.26(Scot)
2018-08-20
mortgage-satisfy-charge-full
mortgage · MR04
2017-04-26
mortgage-satisfy-charge-full
mortgage · MR04
2017-04-26
mortgage-satisfy-charge-full
mortgage · MR04
2017-04-26
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2017-04-24
resolution
resolution · RESOLUTIONS
2017-04-24
accounts-with-accounts-type-dormant
accounts · AA
2016-12-21
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2016-05-12
accounts-with-accounts-type-dormant
accounts · AA
2016-03-07
change-person-director-company-with-change-date
officers · CH01
2016-01-07
change-person-director-company-with-change-date
officers · CH01
2015-07-02
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2015-05-12
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2015-04-02