IVORY & SIME OPTIMUM INCOME TRUST PLC
⚰️Wound downdissolved
SC172158 · plc · incorporated 1997-02-03
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
51/100
Worth a look
What this business does
Primary activity: SIC 7487
Sector: Professional, scientific & technical
Investor take
Pass (distressed without resilience)Distressed unclear — structural issues outweigh the discount.
Opportunity 51/100 (worth a look), bankability 50/100. Strong seller-intent signal (78/100, director aged 84). 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: strategic trade sale (53/100). Current lenders should be on monthly review.
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
Confirmed no charges registered
85
Directors & officers
9 officers (3 active, 9 linked, 7 with DOB)
86
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
10 connected companies via shared directors
75
Filing history
92 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
51/100Worth 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
80
Strong succession / seller-readiness signals.
Risk profile
49
Multiple red flags — proceed with caution.
Signal strength
90
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 (42 events)Click to expand
- 2011-06-25⚠️gazette-dissolved-liquidationgazette · GAZ2
- 2011-06-25🏁Company dissolved
- 2011-03-25⚠️liquidation-voluntary-return-of-final-meeting-scotlandinsolvency · 4.26(Scot)
- 2008-09-30📍legacyaddress · 287
- 2004-07-08📍legacyaddress · 287
- 2004-06-24📍legacyaddress · 287
- 2004-06-11📄legacyofficers · 288b
- 2004-06-11📄legacyofficers · 288b
- 2004-05-25➖COKE, Simon resigneddirector
- 2004-05-24➖DOWNIE, Alan Wood resigneddirector
- 2004-04-26📄resolutionresolution · RESOLUTIONS
- 2004-04-26📄resolutionresolution · RESOLUTIONS
- 2004-04-05📄legacyofficers · 288b
- 2004-03-30📄memorandum-articlesincorporation · MA
- 2004-03-30📄resolutionresolution · RESOLUTIONS
- 2004-03-30📄resolutionresolution · RESOLUTIONS
- 2004-03-30📄resolutionresolution · RESOLUTIONS
- 2004-03-30📄resolutionresolution · RESOLUTIONS
- 2004-03-29➖IRVINE, Andrew Robertson resigneddirector
- 2004-03-29📄accounts-with-made-up-dateaccounts · AA
- 2004-02-26📄legacyannual-return · 363s
- 2004-01-28📄accounts-with-made-up-dateaccounts · AA
- 2003-12-10📄accounts-with-accounts-type-fullaccounts · AA
- 2003-10-16📄accounts-with-made-up-dateaccounts · AA
- 2003-08-13📄accounts-with-made-up-dateaccounts · AA
- 2003-03-24📄legacyofficers · 288c
- 2003-03-24📍legacyaddress · 287
- 2003-03-18📄certificate-capital-reduction-share-premiumcapital · CERT19
- 2003-03-18📄court-ordermiscellaneous · OC
- 1997-02-19➕F&C ASSET MANAGEMENT PLC appointedcorporate-secretary
- 1997-02-19➖INGLIS, Susan Patricia resignedsecretary
- 1997-02-07➕HAMMOND CHAMBERS, Robert Alexander appointeddirector
- 1997-02-07➕KENNEDY, Peter Norman Bingham, Major appointeddirector
- 1997-02-07➕COKE, Simon appointeddirector
- 1997-02-07➕DOWNIE, Alan Wood appointeddirector
- 1997-02-07➖GARLAND, Charles Edwards Birks resigneddirector
- 1997-02-07➖INGLIS, Susan Patricia resigneddirector
- 1997-02-07➕IRVINE, Andrew Robertson appointeddirector
- 1997-02-03🏢Company incorporatedAs IVORY & SIME OPTIMUM INCOME TRUST PLC
- 1997-02-03➕INGLIS, Susan Patricia appointedsecretary
- 1997-02-03➕GARLAND, Charles Edwards Birks appointeddirector
- 1997-02-03➕INGLIS, Susan Patricia appointeddirector
Owner dependency
83/100
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
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Long-tenure founder: Senior director has been in place 29 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 84 — succession pressure is live.
Succession & seller-readiness
96/100
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 84 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 29 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 29 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 2011-06-25
2 insolvency-related filings on record
highFilings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2011-06-25: gazette-dissolved-liquidation; 2011-03-25: liquidation-voluntary-return-of-final-meeting-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 →Similar companies
Active · Professional services · G postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| A BULLOCH & COMPANY LIMITED→ SC532263 · est 2016 · no financials extracted | — | — | — | — | 10y | — | — |
| A&B VISA CONSULTANTS LTD→ SC777264 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| A1 PROPERTY LAW LTD→ SC802890 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| A2B ACCESS AND INSPECTION LTD→ SC597070 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| AALEX LAW LIMITED→ SC454514 · est 2013 · no financials extracted | — | — | — | — | 12y | — | — |
| AB ENGINEERING SUPPORT LTD→ SC668272 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| ABACUS GLASGOW LIMITED→ SC430391 · est 2012 · no financials extracted | — | — | — | — | 13y | — | — |
| ABB ALBA & CO LIMITED→ SC823152 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| ABC CONSTRUCTION (SCOTLAND) LTD.→ SC636016 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| ABERCORN SINCLAIR LTD→ SC620633 · est 2019 · no financials extracted | — | — | — | — | 7y | — | — |
| ABLK CONSULTANTS LIMITED→ SC667662 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| ABLY DIGITAL LIMITED→ SC588393 · est 2018 · no financials extracted | — | — | — | — | 8y | — | — |
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
Typeplc
Incorporated1997-02-03
Jurisdictionscotland
Primary SIC7487 — SIC 7487
Registered office
95 Bothwell Street
Glasgow
G2 7JZ
Filing status
Accounts
Next due: —
Last made up to: 2000-05-31
Confirmation statement
Next due: —
Last: —
Officers (0 active · 6 resigned)
F&C ASSET MANAGEMENT PLC→
Activecorporate-secretary · appointed 1997-02-19
View their other companies + combined net worth →
HAMMOND CHAMBERS, Robert Alexander→
Activedirector · ~84y · appointed 1997-02-07
View their other companies + combined net worth →
KENNEDY, Peter Norman Bingham, Major→
Activedirector · ~84y · appointed 1997-02-07
View their other companies + combined net worth →
INGLIS, Susan Patricia→
Resignedsecretary · appointed 1997-02-03 · resigned 1997-02-19
COKE, Simon→
Resigneddirector · ~94y · appointed 1997-02-07 · resigned 2004-05-25
DOWNIE, Alan Wood→
Resigneddirector · ~76y · appointed 1997-02-07 · resigned 2004-05-24
GARLAND, Charles Edwards Birks→
Resigneddirector · ~61y · appointed 1997-02-03 · resigned 1997-02-07
INGLIS, Susan Patricia→
Resigneddirector · ~62y · appointed 1997-02-03 · resigned 1997-02-07
IRVINE, Andrew Robertson→
Resigneddirector · ~75y · appointed 1997-02-07 · resigned 2004-03-29
Click a director name to see their full track record across all companies.
Recent filings (92 total)
gazette-dissolved-liquidation
gazette · GAZ2
2011-06-25
liquidation-voluntary-return-of-final-meeting-scotland
insolvency · 4.26(Scot)
2011-03-25
legacy
address · 287
2008-09-30
legacy
address · 287
2004-07-08
legacy
address · 287
2004-06-24
legacy
officers · 288b
2004-06-11
legacy
officers · 288b
2004-06-11
resolution
resolution · RESOLUTIONS
2004-04-26
resolution
resolution · RESOLUTIONS
2004-04-26
legacy
officers · 288b
2004-04-05
memorandum-articles
incorporation · MA
2004-03-30
resolution
resolution · RESOLUTIONS
2004-03-30
resolution
resolution · RESOLUTIONS
2004-03-30
resolution
resolution · RESOLUTIONS
2004-03-30
resolution
resolution · RESOLUTIONS
2004-03-30