MAC ASPHALT LIMITED

⚰️Wound downdissolved
SC151287 · ltd · incorporated 1994-06-07
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 20.0y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
62/100
Worth a look
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What this business does
Primary activity: Construction of roads and motorways
Sector: Construction
Investor take
Pass (distressed without resilience)
Distressed unclear — structural issues outweigh the discount.

Opportunity 62/100 (worth a look), bankability 70/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. 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 (73/100).

🏦

Refinance opportunity

3 live charges · 2 lenders · oldest 20.0y

70/100
ready

Refinance conversation should be productive — structure clean and timing right.

  • · Oldest live charge is 20.0 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Legal-friction score 15/100 — clean.

Data confidence

Overall: medium (55/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, 1 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
12 officers (1 active, 12 linked, 8 with DOB)
83
Ownership & PSC
1 active PSC(s) of 4 total, 4 with control declared
90
Director network
Network not yet resolved
30
Filing history
130 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
62/100Worth a look
PassWatchWorth a lookStrongExceptional 

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality
30
Concerning — overdue filings or status flags present.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
67
Some moderate concerns — review flags.
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
  1. 2025-06-24
    📄
    gazette-dissolved-compulsory
    gazette · GAZ2
  2. 2025-06-24
    🏁
    Company dissolved
  3. 2025-04-15
    📄
    dissolved-compulsory-strike-off-suspended
    dissolution · DISS16(SOAS)
  4. 2025-03-04
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  5. 2024-02-14
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  6. 2022-12-29
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  7. 2022-06-30
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  8. 2022-06-30
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  9. 2022-06-23
    ➖
    HILL, Alan resigned
    secretary
  10. 2022-06-23
    ➖
    HILL, Alan George resigned
    director
  11. 2021-12-30
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  12. 2021-03-29
    📄
    accounts-with-accounts-type-full
    accounts · AA
  13. 2021-02-24
    📄
    change-account-reference-date-company-previous-extended
    accounts · AA01
  14. 2020-11-10
    ➕
    HILL, Alan George appointed
    director
  15. 2020-11-10
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  16. 2020-11-10
    📄
    appoint-person-secretary-company-with-name-date
    officers · AP03
  17. 2020-10-10
    ➕
    HILL, Alan appointed
    secretary
  18. 2020-07-17
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  19. 2020-05-31
    ➖
    TOYN, Charles Clifford resigned
    director
  20. 2019-10-23
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  21. 2019-10-23
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  22. 2019-10-23
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  23. 2019-10-23
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  24. 2019-10-23
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  25. 2019-10-23
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  26. 2019-10-18
    ➕
    MCNAUGHTON, Robert appointed
    director
  27. 2019-10-18
    ➖
    CRUMLISH, Jamie resigned
    director
  28. 2019-10-18
    ➖
    CRUMLISH SNR, Thomas resigned
    director
  29. 2019-10-18
    ➕
    TOYN, Charles Clifford appointed
    director
  30. 2017-11-01
    🔒
    Charge registered #3
    Lender: Aib (Group) UK PLC
  31. 2017-10-25
    🔒
    Charge registered #2
    Lender: Aib Group (UK) PLC
  32. 2017-07-07
    ➖
    CRUMLISH, Elle resigned
    director
  33. 2017-06-27
    🔓
    Charge satisfied #1
  34. 2017-06-16
    ➖
    CRUMLISH, Thomas resigned
    director
  35. 2017-02-27
    ➖
    BRADY, Caroline resigned
    secretary
  36. 2015-11-04
    ➕
    CRUMLISH, Elle appointed
    director
  37. 2015-11-04
    ➕
    CRUMLISH, Jamie appointed
    director
  38. 2009-06-08
    ➕
    CRUMLISH SNR, Thomas appointed
    director
  39. 2006-04-07
    🔒
    Charge registered #1
    Lender: Aib Group (UK) PLC
  40. 2002-11-26
    ➕
    BRADY, Caroline appointed
    secretary
  41. 2002-11-26
    ➖
    CRUMLISH, Georgina resigned
    secretary
  42. 1994-06-07
    🏢
    Company incorporated
    As MAC ASPHALT LIMITED
  43. 1994-06-07
    ➕
    CRUMLISH, Georgina appointed
    secretary
  44. 1994-06-07
    ➕
    REID, Brian appointed
    nominee-secretary
  45. 1994-06-07
    ➖
    REID, Brian resigned
    nominee-secretary
  46. 1994-06-07
    ➕
    CRUMLISH, Thomas appointed
    director
  47. 1994-06-07
    ➕
    MABBOTT, Stephen appointed
    nominee-director
  48. 1994-06-07
    ➖
    MABBOTT, Stephen resigned
    nominee-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
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +Senior director age: Director aged approximately 60 — approaching natural succession window.

Succession & seller-readiness

65/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 60. Early succession window.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondaryStable-but-static management: Company is 32 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

1 high ·
Company dissolved
high

Company has been dissolved — it no longer legally exists. Any diligence here is historical only.

Evidence: Dissolved on 2025-06-24

Group structure

Hillhouse Quarry Group Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Hillhouse Quarry Group Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
⬇
MAC ASPHALT LIMITED
This company · SC151287

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Hillhouse Quarry Group Limited
Corporate entity
75–100%
75–100%board control75-100% shares · 75-100% voting · board control18/10/2019
3 historic (ceased) PSCs
  • Mr Jamie Crumlishceased 18/10/2019· 75-100% shares · 75-100% voting
  • Thomas Crumlishceased 05/09/2019· 25-50% shares · 25-50% voting
  • Mr Thomas Crumlishceased 16/06/2017· 25-50% shares · 25-50% voting

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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

8 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
Incorporated1994-06-07
Jurisdictionscotland
Primary SIC42110 — Construction of roads and motorways

Registered office

Hillhouse Quarry
Hillhouse Quarry
Troon
Ayrshire
KA10 7HX
Scotland

Filing status

Accounts
Next due: —
Last made up to: 2023-03-31
Confirmation statement
Next due: —
Last: 2024-10-20

Officers (0 active · 11 resigned)

MCNAUGHTON, Robert→
director · ~60y · appointed 2019-10-18
View their other companies + combined net worth →
Active
BRADY, Caroline→
secretary · appointed 2002-11-26 · resigned 2017-02-27
Resigned
CRUMLISH, Georgina→
secretary · appointed 1994-06-07 · resigned 2002-11-26
Resigned
HILL, Alan→
secretary · appointed 2020-10-10 · resigned 2022-06-23
Resigned
REID, Brian→
nominee-secretary · appointed 1994-06-07 · resigned 1994-06-07
Resigned
CRUMLISH, Elle→
director · ~27y · appointed 2015-11-04 · resigned 2017-07-07
Resigned
CRUMLISH, Jamie→
director · ~48y · appointed 2015-11-04 · resigned 2019-10-18
Resigned
CRUMLISH, Thomas→
director · ~58y · appointed 1994-06-07 · resigned 2017-06-16
Resigned
CRUMLISH SNR, Thomas→
director · ~84y · appointed 2009-06-08 · resigned 2019-10-18
Resigned
HILL, Alan George→
director · ~59y · appointed 2020-11-10 · resigned 2022-06-23
Resigned
MABBOTT, Stephen→
nominee-director · ~76y · appointed 1994-06-07 · resigned 1994-06-07
Resigned
TOYN, Charles Clifford→
director · ~60y · appointed 2019-10-18 · resigned 2020-05-31
Resigned

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

Mortgages & charges

3
Total charges
2
Outstanding
2
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
outstanding
Aib (Group) UK
Aib (Group) UK PLC
A registered charge1 property01/11/2017—
outstanding
Aib Group (UK)
Aib Group (UK) PLC
A registered charge—25/10/2017—
satisfied
Aib Group (UK)
Aib Group (UK) PLC
Standard security2 properties07/04/200627/06/2017
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (130 total)

gazette-dissolved-compulsory
gazette · GAZ2
2025-06-24
dissolved-compulsory-strike-off-suspended
dissolution · DISS16(SOAS)
2025-04-15
gazette-notice-compulsory
gazette · GAZ1
2025-03-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-11-18
accounts-with-accounts-type-dormant
accounts · AA
2024-02-14
confirmation-statement-with-updates
confirmation-statement · CS01
2023-10-26
accounts-with-accounts-type-dormant
accounts · AA
2022-12-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-11
termination-director-company-with-name-termination-date
officers · TM01
2022-06-30
termination-secretary-company-with-name-termination-date
officers · TM02
2022-06-30
accounts-with-accounts-type-dormant
accounts · AA
2021-12-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-12-13
accounts-with-accounts-type-full
accounts · AA
2021-03-29
change-account-reference-date-company-previous-extended
accounts · AA01
2021-02-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-12-22