SB DUNDEE LIMITED
⚰️Wound downdissolved
SC115423 · ltd · incorporated 1989-01-04
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 3612
Sector: Water supply & waste
ALSO REGISTERED FOR
- 5190SIC 5190
Investor take
Pass (distressed without resilience)Distressed unclear — structural issues outweigh the discount.
Opportunity 50/100 (worth a look), bankability 42/100. Strong seller-intent signal (78/100, director aged 72). 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 (45/100). Current lenders should be on monthly review.
🏦
Refinance opportunity
5 live charges · 4 lenders · oldest 36.8y
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 36.8 years old — likely at or near maturity.
- · 4 lenders named — inter-creditor friction likely.
- · Legal-friction score 60/100 (high).
Data confidence
Overall: low (49/100)Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.
Company profile
address, 2 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
5 charges (5/5 with lender, 5/5 with type)
90
Directors & officers
19 officers (2 active, 19 linked, 12 with DOB)
83
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
3 connected companies via shared directors
54
Filing history
126 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 (64 events)Click to expand
- 2013-01-22⚠️gazette-dissolved-liquidationgazette · GAZ2
- 2013-01-22🏁Company dissolved
- 2012-10-22⚠️liquidation-voluntary-return-of-final-meeting-scotlandinsolvency · 4.26(Scot)
- 2010-12-29✏️certificate-change-of-name-companychange-of-name · CERTNM
- 2010-12-29📄resolutionresolution · RESOLUTIONS
- 2010-11-01📄resolutionresolution · RESOLUTIONS
- 2010-10-06📍change-registered-office-address-company-with-date-old-addressaddress · AD01
- 2010-07-15📄termination-director-company-with-nameofficers · TM01
- 2010-07-14📄appoint-person-director-company-with-nameofficers · AP01
- 2010-07-14📄termination-director-company-with-nameofficers · TM01
- 2010-07-11➖CAITHNESS, Ronald Peter resigneddirector
- 2010-07-07➕MCGREGOR, Susan appointeddirector
- 2010-07-03➖WILKINSON, Thomas David resigneddirector
- 2010-05-18📄termination-director-company-with-nameofficers · TM01
- 2010-05-10📄appoint-person-director-company-with-nameofficers · AP01
- 2010-05-05➖STRACHAN, Fiona Mary resigneddirector
- 2010-05-04➕CAITHNESS, Ronald Peter appointeddirector
- 2010-04-14📄appoint-person-director-company-with-nameofficers · AP01
- 2010-04-14📄appoint-person-director-company-with-nameofficers · AP01
- 2010-03-02📄accounts-with-accounts-type-fullaccounts · AA
- 2010-03-01📄termination-director-company-with-nameofficers · TM01
- 2010-01-31➖ARNOLD, Christopher Gordon Southam resigneddirector
- 2010-01-29➕STRACHAN, Fiona Mary appointeddirector
- 2010-01-29➕WILKINSON, Thomas David appointeddirector
- 2009-11-12📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2009-11-12📄change-person-director-company-with-change-dateofficers · CH01
- 2009-11-12📄change-person-director-company-with-change-dateofficers · CH01
- 2009-06-24📄legacyofficers · 288b
- 2009-06-18➖HALDANE, Gordon Duncan Roy resigneddirector
- 2009-02-04📄accounts-with-accounts-type-mediumaccounts · AA
- 2009-01-30📄legacyofficers · 288b
- 2009-01-30📄legacyofficers · 288b
- 2008-12-31➖SMIT, Christopher Anthony resignedsecretary
- 2008-12-31➖SMIT, Christopher Anthony resigneddirector
- 2008-11-13📄legacyannual-return · 363a
- 2008-04-08📄resolutionresolution · RESOLUTIONS
- 2008-04-08📄legacycapital · 88(2)
- 2007-12-20🔓Charge satisfied #4
- 2007-09-17➖MILLER, Richard William Stanley resignedsecretary
- 2007-09-17➕SMIT, Christopher Anthony appointedsecretary
- 2005-10-25🔒Charge registered #6Lender: The Royal Bank of Scotland Commercial Services Limited
- 2005-07-06➖LINDSAY, Steven Robert resigneddirector
- 2004-09-10➖HOUSTON, David resigneddirector
- 2003-06-27🔒Charge registered #5Lender: The Royal Bank of Scotland Commercial Services Limited
- 2003-01-02➕LINDSAY, Steven Robert appointeddirector
- 2001-09-21➕MILLER, Richard William Stanley appointedsecretary
- 2001-09-21➖SCOTT, Keith resignedsecretary
- 1997-04-18➖LE LIEVRE, David Bruce resigneddirector
- 1997-01-27🔒Charge registered #4Lender: F.C. Brown (Steel Equipment) Limited
- 1996-12-02➖MCGREGOR, Samuel David resignedsecretary
Showing most recent 50 of 64 events
Owner dependency
91/100
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 16 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 72 — succession pressure is live.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
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 16 years.
- secondaryStable-but-static management: Company is 37 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 2013-01-22
2 insolvency-related filings on record
highFilings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2013-01-22: gazette-dissolved-liquidation; 2012-10-22: 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
Active · Energy & utilities · AB postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| 4L ENERGY LIMITED→ SC366919 · est 2009 | — | — | £3.79M | — | 16y | 83 | 77y |
| CASTLE OF AUCHRY WINDFARM LIMITED→ SC364080 · est 2009 | — | — | £1.31M | — | 16y | 83 | 67y |
| JANERIC LTD→ SC516510 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
| KILMARNOCK ENERGY CENTRE LIMITED→ SC766862 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| ME1 SOLAR LTD→ SC787885 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| MELROSE WIND LIMITED→ SC510251 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
| MGM UTILITY BROKER LTD→ SC881153 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| OFFSHORE ENERGY CONTRACTING SOLUTIONS LIMITED→ SC814141 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| S & C SECURITY AND ELECTRICAL LIMITED→ SC261336 · est 2003 · no financials extracted | — | — | — | — | 22y | — | — |
| SELN LIMITED→ SC396796 · est 2011 · no financials extracted | — | — | — | — | 15y | — | — |
| SHIELBOG ENERGY LIMITED→ SC430360 · est 2012 · no financials extracted | — | — | — | — | 13y | — | — |
| STEAM & AIR SERVICES LTD→ SC777009 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
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
Incorporated1989-01-04
Jurisdictionscotland
Primary SIC3612 — SIC 3612
Registered office
C/O Meston Reid & Co
12 Carden Place
Aberdeen
AB10 1UR
Filing status
Accounts
Next due: —
Last made up to: 2009-03-31
Confirmation statement
Next due: —
Last: —
Officers (0 active · 17 resigned)
Active
MCGREGOR, Susan→
Activedirector · ~72y · appointed 2010-07-07
View their other companies + combined net worth →
MCGREGOR, Samuel David→
Resignedsecretary · resigned 1996-12-02
MILLER, Richard William Stanley→
Resignedsecretary · appointed 2001-09-21 · resigned 2007-09-17
MILLER, Richard William Stanley→
Resignedsecretary · resigned 1992-05-31
SCOTT, Keith→
Resignedsecretary · appointed 1996-12-02 · resigned 2001-09-21
SMIT, Christopher Anthony→
Resignedsecretary · appointed 2007-09-17 · resigned 2008-12-31
THORNTONS WS→
Resignedcorporate-nominee-secretary · appointed 1989-01-04 · resigned 1990-10-15
ARNOLD, Christopher Gordon Southam→
Resigneddirector · ~70y · appointed 1996-12-02 · resigned 2010-01-31
BROUGH, Gordon Haig→
Resigneddirector · appointed 1989-01-04 · resigned 1990-10-15
CAITHNESS, Ronald Peter→
Resigneddirector · ~78y · appointed 2010-05-04 · resigned 2010-07-11
HALDANE, Gordon Duncan Roy→
Resigneddirector · ~69y · resigned 2009-06-18
HOUSTON, David→
Resigneddirector · ~64y · resigned 2004-09-10
LE LIEVRE, David Bruce→
Resigneddirector · ~88y · appointed 1992-04-01 · resigned 1997-04-18
LINDSAY, Steven Robert→
Resigneddirector · ~57y · appointed 2003-01-02 · resigned 2005-07-06
MCDONALD, Alexander Francis→
Resigneddirector · ~71y · appointed 1989-01-04 · resigned 1990-10-15
SMIT, Christopher Anthony→
Resigneddirector · ~81y · resigned 2008-12-31
STRACHAN, Fiona Mary→
Resigneddirector · ~61y · appointed 2010-01-29 · resigned 2010-05-05
WILKINSON, Thomas David→
Resigneddirector · ~86y · appointed 2010-01-29 · resigned 2010-07-03
Click a director name to see their full track record across all companies.
Mortgages & charges
5
Total charges
3
Outstanding
1
Active lenders
Status:Lender:5 of 5 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group The Royal Bank of Scotland Commercial Services Limited | Floating charge | 1 property | 25/10/2005 | — | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland Commercial Services Limited | Floating charge | 1 property | 27/06/2003 | — | |
| satisfied | F.C. Brown (Steel Equipment) F.C. Brown (Steel Equipment) Limited | Bond & floating charge | 1 property | 27/01/1997 | 20/12/2007 | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | Bond & floating charge | 1 property | 07/08/1996 | — | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Bond & floating charge | 1 property | 14/07/1989 | 20/11/1996 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (126 total)
gazette-dissolved-liquidation
gazette · GAZ2
2013-01-22
liquidation-voluntary-return-of-final-meeting-scotland
insolvency · 4.26(Scot)
2012-10-22
certificate-change-of-name-company
change-of-name · CERTNM
2010-12-29
resolution
resolution · RESOLUTIONS
2010-12-29
resolution
resolution · RESOLUTIONS
2010-11-01
change-registered-office-address-company-with-date-old-address
address · AD01
2010-10-06
termination-director-company-with-name
officers · TM01
2010-07-15
appoint-person-director-company-with-name
officers · AP01
2010-07-14
termination-director-company-with-name
officers · TM01
2010-07-14
termination-director-company-with-name
officers · TM01
2010-05-18
appoint-person-director-company-with-name
officers · AP01
2010-05-10
appoint-person-director-company-with-name
officers · AP01
2010-04-14
appoint-person-director-company-with-name
officers · AP01
2010-04-14
accounts-with-accounts-type-full
accounts · AA
2010-03-02
termination-director-company-with-name
officers · TM01
2010-03-01