ZEN REALISATIONS LIMITED
⚰️Wound downdissolved
SC148462 · ltd · incorporated 1994-01-19
Investment thesis
Company dissolved — 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 29.6y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
54/100
Worth a look
What this business does
Primary activity: SIC 1120
Sector: Manufacturing
Investor take
Pass (distressed without resilience)Distressed unclear — structural issues outweigh the discount.
Opportunity 54/100 (worth a look), bankability 55/100. High owner-dependency — earn-out structure likely required for clean transition. Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: Resolve: Company dissolved. Company has been dissolved — it no longer legally exists. Any diligence here is historical only. Most likely exit: share sale to pe / searcher (50/100). Current lenders should be on monthly review.
🏦
Refinance opportunity
1 live charge · oldest 29.6y
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 29.6 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Legal-friction score 45/100 (high).
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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
12 officers (4 active, 12 linked, 10 with DOB)
87
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
7 connected companies via shared directors
66
Filing history
83 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
54/100Worth 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
85
Strong succession / seller-readiness signals.
Risk profile
49
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 (48 events)Click to expand
- 2010-05-10⚠️gazette-dissolved-liquidationgazette · GAZ2
- 2010-05-10🏁Company dissolved
- 2010-02-10⚠️liquidation-in-administration-move-to-dissolution-scotlandinsolvency · 2.26B(Scot)
- 2009-12-21⚠️liquidation-in-administration-progress-report-scotlandinsolvency · 2.20B(Scot)
- 2009-12-21⚠️liquidation-in-administration-extension-of-period-scotlandinsolvency · 2.22B(Scot)
- 2009-07-10⚠️liquidation-in-administration-progress-report-scotlandinsolvency · 2.20B(Scot)
- 2009-01-09⚠️liquidation-in-administration-progress-report-scotlandinsolvency · 2.20B(Scot)
- 2008-12-04⚠️liquidation-in-administration-extension-of-period-scotlandinsolvency · 2.22B(Scot)
- 2008-07-09⚠️liquidation-in-administration-progress-report-scotlandinsolvency · 2.20B(Scot)
- 2008-05-23✏️certificate-change-of-name-companychange-of-name · CERTNM
- 2008-02-01⚠️liquidation-in-administration-proposals-scotlandinsolvency · 2.16B(Scot)
- 2008-01-30⚠️liquidation-in-administration-notice-of-statement-of-affairs-scotlandinsolvency · 2.15B(Scot)
- 2008-01-15⚠️liquidation-in-administration-appointment-of-administrator-scotlandinsolvency · 2.11B(Scot)
- 2007-12-19📍legacyaddress · 287
- 2007-11-07📄legacyofficers · 288b
- 2007-11-05➖HIRD, Simon resigneddirector
- 2007-10-23📄accounts-with-accounts-type-fullaccounts · AA
- 2007-03-15📄legacyofficers · 288a
- 2007-03-15📄legacyofficers · 288a
- 2007-02-07📄legacyofficers · 288b
- 2007-02-02➕BIRKEBAEK, Carsten appointeddirector
- 2007-02-02➕MCCARTHY, Michael John appointeddirector
- 2007-02-02➖AASEROD, Bjorn resigneddirector
- 2007-01-19📄legacyannual-return · 363a
- 2006-06-27📄accounts-with-accounts-type-fullaccounts · AA
- 2006-02-03📄legacyannual-return · 363a
- 2005-02-23📄resolutionresolution · RESOLUTIONS
- 2005-02-23📄resolutionresolution · RESOLUTIONS
- 2005-02-23📄resolutionresolution · RESOLUTIONS
- 2005-02-07📄accounts-with-accounts-type-smallaccounts · AA
- 2003-10-03➖WARRACK, Robert Mckenzie resigneddirector
- 2003-10-02➕AASEROD, Bjorn appointeddirector
- 2001-02-16➖STUART, Ian resigneddirector
- 2000-09-13➕WARRACK, Robert Mckenzie appointeddirector
- 1998-02-06➕HIRD, Simon appointeddirector
- 1998-02-06➕STUART, Ian appointeddirector
- 1998-01-19➖CHANDWANI, Ramesh resigneddirector
- 1996-09-25➖MURRAY, Ian James resigneddirector
- 1996-09-20🔒Charge registered #1Lender: The Governor and Company of the Bank of Scotland
- 1994-10-27➕MCLEAN, James appointeddirector
- 1994-10-27➕CHANDWANI, Ramesh appointeddirector
- 1994-10-27➖HUNTER, Neil Cameron resignednominee-director
- 1994-10-27➕MURRAY, Ian James appointeddirector
- 1994-10-27➖RENNIE, Thomas George resignednominee-director
- 1994-01-19🏢Company incorporatedAs ZEN REALISATIONS LIMITED
- 1994-01-19➕PETERKINS, SOLICITORS appointedcorporate-nominee-secretary
- 1994-01-19➕HUNTER, Neil Cameron appointednominee-director
- 1994-01-19➕RENNIE, Thomas George appointednominee-director
Owner dependency
75/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Long-tenure founder: Senior director has been in place 31 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 71 — succession pressure is live.
Succession & seller-readiness
90/100
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 71 years old. Natural succession window is now.
- primary20+ year tenure: Director in role 31 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 32 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 ·Company dissolved
highCompany has been dissolved — it no longer legally exists. Any diligence here is historical only.
Evidence: Dissolved on 2010-05-10
11 insolvency-related filings on record
highFilings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2010-05-10: gazette-dissolved-liquidation; 2010-02-10: liquidation-in-administration-move-to-dissolution-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.
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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
Incorporated1994-01-19
Jurisdictionscotland
Primary SIC1120 — SIC 1120
Registered office
George House
50 George Square
Glasgow
G2 1RR
Filing status
Accounts
Next due: —
Last made up to: 2006-12-31
Confirmation statement
Next due: —
Last: —
Officers (0 active · 8 resigned)
PETERKINS, SOLICITORS→
Activecorporate-nominee-secretary · appointed 1994-01-19
View their other companies + combined net worth →
BIRKEBAEK, Carsten→
Activedirector · ~71y · appointed 2007-02-02
View their other companies + combined net worth →
MCCARTHY, Michael John→
Activedirector · ~61y · appointed 2007-02-02
View their other companies + combined net worth →
MCLEAN, James→
Activedirector · ~69y · appointed 1994-10-27
View their other companies + combined net worth →
AASEROD, Bjorn→
Resigneddirector · ~69y · appointed 2003-10-02 · resigned 2007-02-02
CHANDWANI, Ramesh→
Resigneddirector · ~81y · appointed 1994-10-27 · resigned 1998-01-19
HIRD, Simon→
Resigneddirector · ~66y · appointed 1998-02-06 · resigned 2007-11-05
HUNTER, Neil Cameron→
Resignednominee-director · appointed 1994-01-19 · resigned 1994-10-27
MURRAY, Ian James→
Resigneddirector · ~83y · appointed 1994-10-27 · resigned 1996-09-25
RENNIE, Thomas George→
Resignednominee-director · ~79y · appointed 1994-01-19 · resigned 1994-10-27
STUART, Ian→
Resigneddirector · ~64y · appointed 1998-02-06 · resigned 2001-02-16
WARRACK, Robert Mckenzie→
Resigneddirector · ~80y · appointed 2000-09-13 · resigned 2003-10-03
Click a director name to see their full track record across all companies.
Mortgages & charges
1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Bond & floating charge | 1 property | 20/09/1996 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (83 total)
gazette-dissolved-liquidation
gazette · GAZ2
2010-05-10
liquidation-in-administration-move-to-dissolution-scotland
insolvency · 2.26B(Scot)
2010-02-10
liquidation-in-administration-progress-report-scotland
insolvency · 2.20B(Scot)
2009-12-21
liquidation-in-administration-extension-of-period-scotland
insolvency · 2.22B(Scot)
2009-12-21
liquidation-in-administration-progress-report-scotland
insolvency · 2.20B(Scot)
2009-07-10
liquidation-in-administration-progress-report-scotland
insolvency · 2.20B(Scot)
2009-01-09
liquidation-in-administration-extension-of-period-scotland
insolvency · 2.22B(Scot)
2008-12-04
liquidation-in-administration-progress-report-scotland
insolvency · 2.20B(Scot)
2008-07-09
certificate-change-of-name-company
change-of-name · CERTNM
2008-05-23
liquidation-in-administration-proposals-scotland
insolvency · 2.16B(Scot)
2008-02-01
liquidation-in-administration-notice-of-statement-of-affairs-scotland
insolvency · 2.15B(Scot)
2008-01-30
liquidation-in-administration-appointment-of-administrator-scotland
insolvency · 2.11B(Scot)
2008-01-15
legacy
address · 287
2007-12-19
legacy
officers · 288b
2007-11-07
accounts-with-accounts-type-full
accounts · AA
2007-10-23