HEADWAY CALEDONIAN LIMITED
⚰️Wound downdissolved
SC144667 · ltd · incorporated 1993-05-28
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
46/100
Watch
What this business does
Primary activity: SIC 7011
Sector: Professional, scientific & technical
Investor take
Pass (distressed without resilience)Distressed unclear — structural issues outweigh the discount.
Opportunity 46/100 (watch), bankability 32/100. Strong seller-intent signal (65/100, director aged 64). Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: Consolidate lender relationships. 7 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: asset disposal / carve-out (55/100). Current lenders should be on monthly review.
🏦
Refinance opportunity
25 live charges · 7 lenders · oldest 32.0y
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 32.0 years old — likely at or near maturity.
- · 7 lenders named — inter-creditor friction likely.
- · Legal-friction score 70/100 (specialist).
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
25 charges (25/25 with lender, 25/25 with type)
90
Directors & officers
9 officers (2 active, 9 linked, 5 with DOB)
81
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
10 connected companies via shared directors
75
Filing history
103 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
46/100Watch
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
38
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 (81 events)Click to expand
- 2017-10-14⚠️gazette-dissolved-liquidationgazette · GAZ2
- 2017-10-14🏁Company dissolved
- 2017-07-14⚠️liquidation-compulsory-return-of-final-meeting-scotlandinsolvency · 4.17(Scot)
- 2014-05-29📍change-registered-office-address-company-with-date-old-addressaddress · AD01
- 2010-08-20⚠️liquidation-compulsory-notice-winding-up-scotlandinsolvency · CO4.2(Scot)
- 2010-08-20⚠️liquidation-compulsory-winding-up-order-scotlandinsolvency · 4.2(Scot)
- 2010-04-14📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2009-12-18📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2009-12-03📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2009-06-18📄legacyannual-return · 363a
- 2008-06-17📄legacyannual-return · 363a
- 2008-06-04📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2007-06-08📄legacyannual-return · 363s
- 2006-09-28📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2006-05-16📄legacyannual-return · 363s
- 2005-08-22📍legacyaddress · 287
- 2005-05-20📄legacyannual-return · 363a
- 2004-09-29📄accounts-with-accounts-type-smallaccounts · AA
- 2004-07-02📄legacyannual-return · 363s
- 2004-07-01📄legacyofficers · 288b
- 2004-07-01📄legacyofficers · 288b
- 2004-07-01📄legacyofficers · 288a
- 2004-06-29➕H & M DEVELOPMENTS SCOTLAND LTD appointedcorporate-secretary
- 2004-06-29➖PROSSER, William Richard Milligan resignedsecretary
- 2004-06-29➖BURT, Douglas Gray resigneddirector
- 2004-06-29➖PROSSER, William Richard Milligan resigneddirector
- 2004-06-01📄accounts-with-accounts-type-smallaccounts · AA
- 2003-12-18📍legacyaddress · 287
- 2003-10-14📍legacyaddress · 287
- 2003-06-17📄legacyannual-return · 363s
- 2002-12-09🔒Charge registered #27Lender: Northern Rock PLC
- 2002-06-25🔓Charge satisfied #8
- 2002-06-21🔓Charge satisfied #22
- 2002-06-21🔓Charge satisfied #21
- 2002-06-21🔓Charge satisfied #20
- 2002-05-13🔓Charge satisfied #19
- 2002-05-01➕MUNRO, Hamish Hunter appointeddirector
- 2001-09-01➖GRAY, Walter Kidd resignedsecretary
- 2001-09-01➕PROSSER, William Richard Milligan appointedsecretary
- 1998-10-09➖GRAY, Walter Kidd resigneddirector
- 1998-08-31🔒Charge registered #26Lender: Northern Rock PLC
- 1998-08-25🔒Charge registered #25Lender: Lanarkshire Development Agency
- 1998-08-21🔓Charge satisfied #23
- 1998-08-10🔒Charge registered #24Lender: Northern Rock PLC
- 1998-02-25🔒Charge registered #23Lender: Clydesdale Bank Public Limited Company
- 1997-12-30🔒Charge registered #22Lender: Lanarkshire Development Agency
- 1997-12-08🔓Charge satisfied #9
- 1997-08-15🔒Charge registered #21Lender: Clydesdale Bank Public Limited Company
- 1997-04-25🔒Charge registered #20Lender: Lanarkshire Development Agency
- 1997-03-25🔒Charge registered #19Lender: W M Mann & Co (Investments) Limited
Showing most recent 50 of 81 events
Owner dependency
93/100
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
- +Sole director: Only one active director — all governance concentrated on one person.
- +Long-tenure founder: Senior director has been in place 24 years — deep operational knowledge concentrated in one person.
- +Senior director age: Director aged approximately 64 — approaching natural succession window.
Succession & seller-readiness
95/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 63+: Senior director is approximately 64. 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 24 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.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
2 high · 1 med · 1 lowCompany dissolved
highCompany has been dissolved — it no longer legally exists. Any diligence here is historical only.
Evidence: Dissolved on 2017-10-14
4 insolvency-related filings on record
highFilings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2017-10-14: gazette-dissolved-liquidation; 2017-07-14: liquidation-compulsory-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.
12 live charges
lowHeavily leveraged with multiple live security positions — understand the capital structure before proceeding.
🔒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 · Professional services · AB postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| A J R FACILITIES CONSULTANCY LTD→ SC544953 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| A JOB IN KNOCK LIMITED→ SC304240 · est 2006 · no financials extracted | — | — | — | — | 19y | — | — |
| AE ECONOMICS LIMITED→ SC613612 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| AECS GRAY ENGINEERING LTD.→ SC322000 · est 2007 · no financials extracted | — | — | — | — | 18y | — | — |
| AGENTS OF DIGITAL CHANGE LTD→ SC808950 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| AJD CONSULTANCY SERVICES LIMITED→ SC248282 · est 2003 · no financials extracted | — | — | — | — | 22y | — | — |
| AKADDTECH LIMITED→ SC354359 · est 2009 · no financials extracted | — | — | — | — | 17y | — | — |
| AKB TAX LIMITED→ SC739779 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| ALAMDAR CONSULTANTS LIMITED→ SC710747 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| ALAN MCRITCHIE LIMITED→ SC314417 · est 2007 · no financials extracted | — | — | — | — | 19y | — | — |
| ALBEX ENGINEERING LIMITED→ SC462862 · est 2013 · no financials extracted | — | — | — | — | 12y | — | — |
| ALCHEMY ENERGY SERVICES LTD→ SC625606 · est 2019 · no financials extracted | — | — | — | — | 7y | — | — |
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
Incorporated1993-05-28
Jurisdictionscotland
Primary SIC7011 — SIC 7011
Registered office
7 Queens Gardens
Aberdeen
AB15 4YD
Filing status
Accounts
Next due: —
Last made up to: 2009-07-31
Confirmation statement
Next due: —
Last: —
Officers (0 active · 7 resigned)
H & M DEVELOPMENTS SCOTLAND LTD→
Activecorporate-secretary · appointed 2004-06-29
View their other companies + combined net worth →
MUNRO, Hamish Hunter→
Activedirector · ~64y · appointed 2002-05-01
View their other companies + combined net worth →
GRAY, Walter Kidd→
Resignedsecretary · appointed 1994-02-04 · resigned 2001-09-01
PROSSER, William Richard Milligan→
Resignedsecretary · appointed 2001-09-01 · resigned 2004-06-29
REID, Brian→
Resignednominee-secretary · appointed 1993-05-28 · resigned 1993-05-28
BURT, Douglas Gray→
Resigneddirector · ~68y · appointed 1993-02-04 · resigned 2004-06-29
GRAY, Walter Kidd→
Resigneddirector · ~78y · appointed 1994-02-04 · resigned 1998-10-09
MABBOTT, Stephen→
Resignednominee-director · ~76y · appointed 1993-05-28 · resigned 1993-05-28
PROSSER, William Richard Milligan→
Resigneddirector · ~71y · appointed 1994-02-04 · resigned 2004-06-29
Click a director name to see their full track record across all companies.
Mortgages & charges
25
Total charges
12
Outstanding
3
Active lenders
Status:Lender:25 of 25 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Northern Rock Northern Rock PLC | Standard security | 1 property | 09/12/2002 | — | |
| outstanding | Northern Rock Northern Rock PLC | Standard security | 1 property | 31/08/1998 | — | |
| outstanding | Lanarkshire Development Agency | Standard security | 1 property | 25/08/1998 | — | |
| outstanding | Northern Rock Northern Rock PLC | Bond & floating charge | 1 property | 10/08/1998 | — | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Floating charge | 1 property | 25/02/1998 | 21/08/1998 | |
| satisfied | Lanarkshire Development Agency | Standard security | 1 property | 30/12/1997 | 21/06/2002 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Standard security | 1 property | 15/08/1997 | 21/06/2002 | |
| satisfied | Lanarkshire Development Agency | Standard security | 1 property | 25/04/1997 | 21/06/2002 | |
| satisfied | W M Mann & Co (Investments) W M Mann & Co (Investments) Limited | Standard security | 1 property | 25/03/1997 | 13/05/2002 | |
| outstanding | Northern Rock Building Society | Assignation | 1 property | 20/09/1996 | — | |
| outstanding | Northern Rock Building Society | Assignation | 1 property | 13/09/1996 | — | |
| outstanding | Northern Rock Building Society | Assignation | 2 properties | 12/09/1996 | — | |
| outstanding | Northern Rock Building Society | Assignation | 1 property | 09/09/1996 | — | |
| outstanding | Northern Rock Building Society | Assignation | 1 property | 03/09/1996 | — | |
| outstanding | Northern Rock Building Society | Assignation | 1 property | 29/08/1996 | — | |
| outstanding | Northern Rock Building Society | Assignation of rent sums | 1 property | 27/08/1996 | — | |
| outstanding | Northern Rock Building Society | Standard security | 1 property | 12/08/1996 | — | |
| satisfied | Northern Rock Building Society | Floating charge | 1 property | 08/08/1996 | 08/12/1997 | |
| satisfied | Ucb Bank Ucb Bank PLC | Assignation and irrevocable mandate | 1 property | 18/05/1994 | 25/06/2002 | |
| satisfied | Ucb Bank Ucb Bank PLC | Standard security | 1 property | 03/05/1994 | 31/10/1996 | |
| satisfied | Ucb Bank Ucb Bank PLC | Standard security | 1 property | 03/05/1994 | 31/10/1996 | |
| satisfied | Morrison Construction Group Morrison Construction Group Limited | Standard security | 1 property | 03/05/1994 | 31/10/1996 | |
| satisfied | Morrison Construction Group Morrison Construction Group Limited | Standard security | 2 properties | 03/05/1994 | 31/10/1996 | |
| satisfied | Morrison Construction Group Morrison Construction Group Limited | Floating charge | 1 property | 27/04/1994 | 12/08/1996 | |
| satisfied | Ucb Bank Ucb Bank PLC | Bond & floating charge | 1 property | 27/04/1994 | 12/08/1996 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (103 total)
gazette-dissolved-liquidation
gazette · GAZ2
2017-10-14
liquidation-compulsory-return-of-final-meeting-scotland
insolvency · 4.17(Scot)
2017-07-14
change-registered-office-address-company-with-date-old-address
address · AD01
2014-05-29
liquidation-compulsory-notice-winding-up-scotland
insolvency · CO4.2(Scot)
2010-08-20
liquidation-compulsory-winding-up-order-scotland
insolvency · 4.2(Scot)
2010-08-20
accounts-with-accounts-type-total-exemption-small
accounts · AA
2010-04-14
accounts-with-accounts-type-total-exemption-small
accounts · AA
2009-12-18
accounts-with-accounts-type-total-exemption-small
accounts · AA
2009-12-03
legacy
annual-return · 363a
2009-06-18
legacy
annual-return · 363a
2008-06-17
accounts-with-accounts-type-total-exemption-small
accounts · AA
2008-06-04
legacy
annual-return · 363s
2007-06-08
accounts-with-accounts-type-total-exemption-small
accounts · AA
2006-09-28
legacy
annual-return · 363s
2006-05-16
legacy
address · 287
2005-08-22