EXCEL INDUSTRIAL SYSTEMS LIMITED

⚰️Wound downliquidation
SC141322 · ltd · incorporated 1992-11-18
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 22.9y old — refinance window within 12 months
🔒Estimated value
—
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Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
44/100
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What this business does
Primary activity: SIC 26512
Sector: Manufacturing
Investor take
Pass (distressed without resilience)
Distressed unclear — structural issues outweigh the discount.

Opportunity 44/100 (watch), bankability 30/100. Strong seller-intent signal (88/100, director aged 66). 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

2 live charges · 2 lenders · oldest 22.9y

50/100
clean up first

Refinance viable after a tidy-up — address the highlighted items first.

  • · Oldest live charge is 22.9 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Legal-friction score 35/100 — workable, but lender will want more DD.

Data confidence

Overall: low (50/100)

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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
9 officers (1 active, 9 linked, 3 with DOB)
77
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
10 connected companies via shared directors
75
Filing history
62 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
44/100Watch
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
31
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 (47 events)Click to expand
  1. 2014-01-16
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  2. 2014-01-16
    🔓
    Charge satisfied #2
  3. 2013-03-08
    📍
    change-registered-office-address-company-with-date-old-address
    address · AD01
  4. 2013-03-08
    📄
    resolution
    resolution · RESOLUTIONS
  5. 2012-12-29
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  6. 2012-12-13
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  7. 2012-08-06
    📄
    termination-secretary-company-with-name
    officers · TM02
  8. 2012-05-28
    ➖
    COWIE, Nicola resigned
    secretary
  9. 2012-01-16
    📄
    legacy
    mortgage · MG03s
  10. 2012-01-14
    🔓
    Charge satisfied #1
  11. 2011-11-23
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  12. 2011-09-29
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  13. 2011-07-22
    📄
    legacy
    mortgage · MG01s
  14. 2011-07-20
    🔒
    Charge registered #2
    Lender: The Royal Bank of Scotland PLC
  15. 2011-01-11
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2010-11-26
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  17. 2009-11-26
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  18. 2009-11-26
    📄
    change-person-director-company-with-change-date
    officers · CH01
  19. 2009-10-14
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  20. 2009-01-12
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  21. 2008-12-01
    📄
    legacy
    annual-return · 363a
  22. 2008-01-06
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  23. 2007-12-10
    📄
    legacy
    annual-return · 363a
  24. 2006-12-12
    📄
    legacy
    annual-return · 363a
  25. 2006-10-25
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  26. 2005-12-12
    📄
    legacy
    annual-return · 363s
  27. 2005-10-28
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  28. 2005-09-29
    📄
    legacy
    officers · 288a
  29. 2005-09-29
    📄
    legacy
    officers · 288b
  30. 2005-09-22
    ➕
    COWIE, Nicola appointed
    secretary
  31. 2005-09-21
    ➖
    LAIRD, Colin resigned
    secretary
  32. 2004-12-08
    ➕
    LAIRD, Colin appointed
    secretary
  33. 2004-07-15
    ➖
    FRANCIS LAIRD, Lynn resigned
    secretary
  34. 2003-05-20
    🔒
    Charge registered #1
    Lender: Clydesdale Bank Public Limited Company
  35. 1995-11-01
    ➕
    FRANCIS LAIRD, Lynn appointed
    secretary
  36. 1995-01-13
    ➖
    DAVIDSON, Arthur Robert resigned
    secretary
  37. 1995-01-13
    ➖
    DAVIDSON, Arthur Robert resigned
    director
  38. 1993-08-31
    ➖
    BASIL, Martin resigned
    secretary
  39. 1993-08-31
    ➖
    BASIL, Martin resigned
    director
  40. 1993-08-22
    ➕
    DAVIDSON, Arthur Robert appointed
    secretary
  41. 1992-11-18
    🏢
    Company incorporated
    As EXCEL INDUSTRIAL SYSTEMS LIMITED
  42. 1992-11-18
    ➕
    LAIRD, Colin appointed
    director
  43. 1992-11-18
    ➕
    BASIL, Martin appointed
    secretary
  44. 1992-11-18
    ➕
    JORDANS (SCOTLAND) LIMITED appointed
    corporate-nominee-secretary
  45. 1992-11-18
    ➖
    JORDANS (SCOTLAND) LIMITED resigned
    corporate-nominee-secretary
  46. 1992-11-18
    ➕
    BASIL, Martin appointed
    director
  47. 1992-11-18
    ➕
    DAVIDSON, Arthur Robert appointed
    director

Owner dependency

100/100
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
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +Long-tenure founder: Senior director has been in place 33 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 66 — succession pressure is live.

Succession & seller-readiness

90/100
Likely off-market candidate

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

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 66. Approaching typical UK retirement age — succession thinking likely.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • primary20+ year tenure: Director in role 33 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 33 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

3 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: 2013-09-30

Confirmation statement overdue
high

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

Evidence: Next due: 2016-12-02

Company in liquidation
high

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

🔒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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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒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.

See pricing →

Company details

Statusliquidation
Typeltd
Incorporated1992-11-18
Jurisdictionscotland
Primary SIC26512 — SIC 26512

Registered office

12 Carden Place
Aberdeen
Aberdeenshire
AB10 1UR

Filing status

Accounts
Next due: 2013-09-30OVERDUE
Last made up to: 2011-12-31
Confirmation statement
Next due: 2016-12-02OVERDUE
Last: —

Officers (1 active · 8 resigned)

LAIRD, Colin→
director · ~66y · appointed 1992-11-18
View their other companies + combined net worth →
Active
BASIL, Martin→
secretary · appointed 1992-11-18 · resigned 1993-08-31
Resigned
COWIE, Nicola→
secretary · appointed 2005-09-22 · resigned 2012-05-28
Resigned
DAVIDSON, Arthur Robert→
secretary · appointed 1993-08-22 · resigned 1995-01-13
Resigned
FRANCIS LAIRD, Lynn→
secretary · appointed 1995-11-01 · resigned 2004-07-15
Resigned
LAIRD, Colin→
secretary · appointed 2004-12-08 · resigned 2005-09-21
Resigned
JORDANS (SCOTLAND) LIMITED→
corporate-nominee-secretary · appointed 1992-11-18 · resigned 1992-11-18
Resigned
BASIL, Martin→
director · ~75y · appointed 1992-11-18 · resigned 1993-08-31
Resigned
DAVIDSON, Arthur Robert→
director · ~67y · appointed 1992-11-18 · resigned 1995-01-13
Resigned

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

Mortgages & charges

2
Total charges
0
Outstanding
0
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Floating charge1 property20/07/201116/01/2014
satisfied
Virgin Money
Clydesdale Bank Public Limited Company
Floating charge1 property20/05/200314/01/2012

Recent filings (62 total)

mortgage-satisfy-charge-full
mortgage · MR04
2014-01-16
change-registered-office-address-company-with-date-old-address
address · AD01
2013-03-08
resolution
resolution · RESOLUTIONS
2013-03-08
accounts-with-accounts-type-total-exemption-small
accounts · AA
2012-12-29
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2012-12-13
termination-secretary-company-with-name
officers · TM02
2012-08-06
legacy
mortgage · MG03s
2012-01-16
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2011-11-23
accounts-with-accounts-type-total-exemption-small
accounts · AA
2011-09-29
legacy
mortgage · MG01s
2011-07-22
accounts-with-accounts-type-total-exemption-small
accounts · AA
2011-01-11
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2010-11-26
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2009-11-26
change-person-director-company-with-change-date
officers · CH01
2009-11-26
accounts-with-accounts-type-total-exemption-small
accounts · AA
2009-10-14