HERITABLE PROPERTIES (GRAMPIAN) PUBLIC LIMITED COMPANY

⚰️Wound downliquidation
SC136292 · plc · incorporated 1992-01-30
Investment thesis
Company liquidation — not a live target.
Why interesting: Historical record only; useful for precedent research.
Why risky: Not transactable.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 33.2y old — refinance window within 12 months
🔒Estimated value
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Turnover
not disclosed
Net worth
book net assets
Opportunity
39/100
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What this business does
Primary activity: SIC 7011
Sector: Professional, scientific & technical
ALSO REGISTERED FOR
  • 9305SIC 9305
Investor take
Pass (distressed without resilience)
Distressed unclear — structural issues outweigh the discount.

Opportunity 39/100 (watch), bankability 15/100. Strong seller-intent signal (78/100, director aged 85). Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: distressed disposal / insolvency (65/100). Current lenders should be on immediate intervention.

🏦

Refinance opportunity

4 live charges · oldest 33.2y

55/100
too messy

Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.

  • · Oldest live charge is 33.2 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 45/100 (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
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
3 officers (3 active, 3 linked, 2 with DOB)
83
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
2 connected companies via shared directors
51
Filing history
33 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
39/100Watch
PassWatchWorth a lookStrongExceptional 

Not actionable now, but monitor — distressed, succession, or structural changes could flip this into a real opportunity.

Business quality
0
Concerning — overdue filings or status flags present.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
13
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 (33 events)Click to expand
  1. 1999-06-01
    ⚠️
    liquidation-voluntary-liquidators-statement-of-receipts-payments-scotland
    insolvency · 4.6(Scot)
  2. 1998-11-26
    ⚠️
    liquidation-voluntary-liquidators-statement-of-receipts-payments-scotland
    insolvency · 4.6(Scot)
  3. 1997-12-17
    📄
    resolution
    resolution · RESOLUTIONS
  4. 1997-12-17
    ⚠️
    liquidation-voluntary-appointment-of-liquidator
    insolvency · 600
  5. 1997-12-10
    ⚠️
    liquidation-voluntary-declaration-of-solvency-scotland
    insolvency · 4.25(Scot)
  6. 1997-12-01
    📍
    legacy
    address · 287
  7. 1997-04-08
    📄
    accounts-with-accounts-type-full
    accounts · AA
  8. 1997-02-13
    📄
    legacy
    annual-return · 363s
  9. 1996-04-04
    📄
    accounts-with-accounts-type-full
    accounts · AA
  10. 1996-03-11
    📄
    legacy
    annual-return · 363s
  11. 1995-04-04
    📄
    accounts-with-accounts-type-full
    accounts · AA
  12. 1995-01-18
    📄
    legacy
    annual-return · 363s
  13. 1994-03-15
    📄
    legacy
    mortgage · 410(Scot)
  14. 1994-03-02
    🔒
    Charge registered #4
    Lender: Clydesdale Bank Public Limited Company
  15. 1994-02-08
    📄
    accounts-with-accounts-type-full
    accounts · AA
  16. 1994-02-02
    📄
    legacy
    annual-return · 363s
  17. 1993-04-07
    📄
    legacy
    mortgage · 410(Scot)
  18. 1993-04-07
    📄
    legacy
    mortgage · 410(Scot)
  19. 1993-03-29
    🔒
    Charge registered #3
    Lender: Clydesdale Bank Public Limited Company
  20. 1993-03-29
    🔒
    Charge registered #2
    Lender: Clydesdale Bank Public Limited Company
  21. 1993-02-19
    📄
    legacy
    mortgage · 410(Scot)
  22. 1993-02-10
    🔒
    Charge registered #1
    Lender: Clydesdale Bank Public Limited Company
  23. 1993-01-31
    📄
    legacy
    annual-return · 363s
  24. 1993-01-28
    📄
    accounts-with-accounts-type-full
    accounts · AA
  25. 1992-09-30
    📄
    legacy
    accounts · 224
  26. 1992-05-29
    📄
    legacy
    capital · 88(2)R
  27. 1992-04-14
    📄
    legacy
    capital · 88(2)R
  28. 1992-04-07
    📄
    legacy
    capital · 88(2)R
  29. 1992-04-03
    📄
    legacy
    capital · 88(2)R
  30. 1992-01-30
    🏢
    Company incorporated
    As HERITABLE PROPERTIES (GRAMPIAN) PUBLIC LIMITED COMPANY
  31. 1992-01-30
    IAIN SMITH & COMPANY appointed
    corporate-nominee-secretary
  32. 1992-01-30
    SHEPPARD, Francis Stanley appointed
    director
  33. 1992-01-30
    SMITH, James Angus appointed
    director

Owner dependency

83/100
Critical — business is the founder

The 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 34 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 85 — succession pressure is live.

Succession & seller-readiness

91/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 85 years old. Natural succession window is now.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 34 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 34 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

4 high ·
Accounts overdue
high

Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.

Evidence: Next due: 1998-04-30

Confirmation statement overdue
high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2017-02-13

Company in liquidation
high

Company is actively being wound up. Not a going concern.

4 insolvency-related filings on record
high

Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.

Evidence: 1999-06-01: liquidation-voluntary-liquidators-statement-of-receipts-payments-scotland; 1998-11-26: liquidation-voluntary-liquidators-statement-of-receipts-payments-scotland

🔒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 →

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🔒Tailored diligence questions

13 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.

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Company details

Statusliquidation
Typeplc
Incorporated1992-01-30
Jurisdictionscotland
Primary SIC7011 — SIC 7011

Registered office

37 Albyn Place
Aberdeen
Aberdeenshire
AB10 1JB

Filing status

Accounts
Next due: 1998-04-30OVERDUE
Last made up to: 1996-09-30
Confirmation statement
Next due: 2017-02-13OVERDUE
Last:

Officers (3 active · 0 resigned)

IAIN SMITH & COMPANY
corporate-nominee-secretary · appointed 1992-01-30
View their other companies + combined net worth →
Active
SHEPPARD, Francis Stanley
director · ~85y · appointed 1992-01-30
View their other companies + combined net worth →
Active
SMITH, James Angus
director · ~85y · appointed 1992-01-30
View their other companies + combined net worth →
Active

Click a director name to see their full track record across all companies.

Mortgages & charges

4
Total charges
4
Outstanding
1
Active lenders
Status:Lender:4 of 4 shown
TypeProperties
outstanding
Virgin Money
Clydesdale Bank Public Limited Company
Standard security1 property02/03/1994
outstanding
Virgin Money
Clydesdale Bank Public Limited Company
Standard security1 property29/03/1993
outstanding
Virgin Money
Clydesdale Bank Public Limited Company
Standard security1 property29/03/1993
outstanding
Virgin Money
Clydesdale Bank Public Limited Company
Floating charge1 property10/02/1993
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (33 total)

liquidation-voluntary-liquidators-statement-of-receipts-payments-scotland
insolvency · 4.6(Scot)
1999-06-01
liquidation-voluntary-liquidators-statement-of-receipts-payments-scotland
insolvency · 4.6(Scot)
1998-11-26
resolution
resolution · RESOLUTIONS
1997-12-17
liquidation-voluntary-appointment-of-liquidator
insolvency · 600
1997-12-17
liquidation-voluntary-declaration-of-solvency-scotland
insolvency · 4.25(Scot)
1997-12-10
legacy
address · 287
1997-12-01
accounts-with-accounts-type-full
accounts · AA
1997-04-08
legacy
annual-return · 363s
1997-02-13
accounts-with-accounts-type-full
accounts · AA
1996-04-04
legacy
annual-return · 363s
1996-03-11
accounts-with-accounts-type-full
accounts · AA
1995-04-04
legacy
annual-return · 363s
1995-01-18
legacy
mortgage · 410(Scot)
1994-03-15
accounts-with-accounts-type-full
accounts · AA
1994-02-08
legacy
annual-return · 363s
1994-02-02