THE NESS FOUNDATION

⚰️Wound downdissolved
SC188567 · private-limited-guarant-nsc-limited-exemption · incorporated 1998-08-18
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 18.2y 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
🔔
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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 54/100 (worth a look), bankability 60/100. 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 18.2y

65/100
clean up first

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

  • · Oldest live charge is 18.2 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 40/100 — workable, but lender will want more DD.

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
23 officers (4 active, 23 linked, 15 with DOB)
83
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
11 connected companies via shared directors
78
Filing history
82 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 (71 events)Click to expand
  1. 2011-08-20
    ⚠️
    gazette-dissolved-liquidation
    gazette · GAZ2
  2. 2011-08-20
    🏁
    Company dissolved
  3. 2011-05-27
    ⚠️
    liquidation-miscellaneous
    insolvency · LIQ MISC
  4. 2011-05-20
    ⚠️
    liquidation-voluntary-return-of-final-meeting-scotland
    insolvency · 4.26(Scot)
  5. 2008-06-27
    📍
    legacy
    address · 287
  6. 2008-06-27
    📄
    resolution
    resolution · RESOLUTIONS
  7. 2008-06-27
    📄
    resolution
    resolution · RESOLUTIONS
  8. 2008-05-21
    📄
    legacy
    mortgage · 419a(Scot)
  9. 2008-05-20
    🔓
    Charge satisfied #1
  10. 2008-04-21
    MURRAY, Doreen resigned
    secretary
  11. 2008-04-21
    MURRAY, Doreen resigned
    director
  12. 2008-04-21
    📄
    legacy
    officers · 288b
  13. 2008-04-21
    📄
    legacy
    officers · 288b
  14. 2008-02-21
    📄
    legacy
    mortgage · 410(Scot)
  15. 2008-02-12
    🔒
    Charge registered #1
    Lender: Bank of Scotland PLC
  16. 2008-01-29
    📄
    accounts-with-accounts-type-full
    accounts · AA
  17. 2007-09-18
    📄
    legacy
    officers · 288b
  18. 2007-09-18
    📄
    legacy
    officers · 288a
  19. 2007-08-22
    KERR, Christopher James resigned
    director
  20. 2007-08-10
    📄
    legacy
    annual-return · 363a
  21. 2007-01-24
    KERR, Christopher James appointed
    director
  22. 2007-01-12
    📄
    legacy
    officers · 288a
  23. 2007-01-01
    MURRAY, Doreen appointed
    director
  24. 2006-12-21
    📄
    accounts-with-accounts-type-full
    accounts · AA
  25. 2006-11-17
    📄
    memorandum-articles
    incorporation · MA
  26. 2006-11-17
    📄
    resolution
    resolution · RESOLUTIONS
  27. 2006-08-22
    📄
    resolution
    resolution · RESOLUTIONS
  28. 2006-08-10
    📄
    legacy
    annual-return · 363a
  29. 2006-01-31
    📄
    accounts-with-accounts-type-full
    accounts · AA
  30. 2005-08-17
    📄
    legacy
    annual-return · 363a
  31. 2005-07-29
    📄
    legacy
    officers · 288a
  32. 2005-07-29
    📄
    legacy
    officers · 288b
  33. 2005-07-19
    BROWN, David Gordon appointed
    director
  34. 2005-07-19
    SCOTT, Graeme resigned
    director
  35. 2005-06-07
    📄
    memorandum-articles
    incorporation · MA
  36. 2005-01-06
    MAXWELL, Ross Keith appointed
    director
  37. 2004-12-08
    FARQUHARSON, James Keith resigned
    secretary
  38. 2004-12-08
    MURRAY, Doreen appointed
    secretary
  39. 2004-12-08
    FARQUHARSON, James Keith resigned
    director
  40. 2004-08-01
    MUNDIE, Douglas Stewart appointed
    director
  41. 2004-07-31
    HILLS, Graham John, Sir resigned
    director
  42. 2003-03-04
    MATHESON, Della resigned
    director
  43. 2003-01-06
    PROCTOR, Kenneth George Fraser, Dr resigned
    director
  44. 2002-08-29
    SCOTT, Graeme appointed
    director
  45. 2002-05-23
    FARQUHARSON, James Keith appointed
    secretary
  46. 2002-05-23
    FERGUSON, Hazel resigned
    secretary
  47. 2002-05-23
    SKINNER, Fiona Kay, Dr resigned
    director
  48. 2002-03-27
    FERGUSON, Hazel appointed
    secretary
  49. 2002-03-27
    HALL, Pamela Ann resigned
    secretary
  50. 2002-02-28
    PROCTOR, Kenneth George Fraser, Dr appointed
    director
Showing most recent 50 of 71 events

Owner dependency

65/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • -4 active directors: Broader management team in place — suggests transferable governance.
  • +Long-tenure founder: Senior director has been in place 28 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 96 — 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 70+: Senior director is approximately 96 years old. Natural succession window is now.
  • primary20+ year tenure: Director in role 28 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 28 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
high

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

Evidence: Dissolved on 2011-08-20

3 insolvency-related filings on record
high

Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.

Evidence: 2011-08-20: gazette-dissolved-liquidation; 2011-05-27: liquidation-miscellaneous

🔒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

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 →
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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.

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Company details

Statusdissolved
Typeprivate-limited-guarant-nsc-limited-exemption
Incorporated1998-08-18
Jurisdictionscotland
Primary SIC7487 — SIC 7487

Registered office

28 High Street
Nairn
Nairnshire
IV12 4AU

Filing status

Accounts
Next due:
Last made up to: 2007-03-31
Confirmation statement
Next due:
Last:

Officers (0 active · 19 resigned)

BROWN, David Gordon
director · ~79y · appointed 2005-07-19
View their other companies + combined net worth →
Active
GLEN, Alexander Iain Munro, Professor
director · ~96y · appointed 1998-08-18
View their other companies + combined net worth →
Active
MAXWELL, Ross Keith
director · ~78y · appointed 2005-01-06
View their other companies + combined net worth →
Active
MUNDIE, Douglas Stewart
director · ~74y · appointed 2004-08-01
View their other companies + combined net worth →
Active
FARQUHARSON, James Keith
secretary · appointed 2002-05-23 · resigned 2004-12-08
Resigned
FERGUSON, Hazel
secretary · appointed 2002-03-27 · resigned 2002-05-23
Resigned
HALL, Pamela Ann
secretary · appointed 2002-01-24 · resigned 2002-03-27
Resigned
MACDONELL, Lois Eirene Frances
secretary · appointed 2000-03-27 · resigned 2001-07-19
Resigned
MURRAY, Doreen
secretary · appointed 2004-12-08 · resigned 2008-04-21
Resigned
ROSS, Marion Ann
secretary · appointed 2001-07-19 · resigned 2002-01-24
Resigned
WARD, Pauline Elizabeth
secretary · appointed 1998-08-18 · resigned 2000-03-09
Resigned
NEW PARK MANAGEMENT LTD
corporate-secretary · appointed 2001-12-13 · resigned 2002-01-24
Resigned
FARQUHARSON, James Keith
director · ~95y · appointed 1999-09-16 · resigned 2004-12-08
Resigned
HILLS, Graham John, Sir
director · ~100y · appointed 1999-03-10 · resigned 2004-07-31
Resigned
KERR, Christopher James
director · ~49y · appointed 2007-01-24 · resigned 2007-08-22
Resigned
MACDONELL, Lois Eirene Frances
director · ~85y · appointed 1999-11-11 · resigned 2001-12-20
Resigned
MACFARLANE, Alistair George James, Professor
director · ~95y · appointed 1999-03-10 · resigned 2001-10-29
Resigned
MATHESON, Della
director · ~79y · appointed 2001-03-01 · resigned 2003-03-04
Resigned
MURRAY, Doreen
director · ~69y · appointed 2007-01-01 · resigned 2008-04-21
Resigned
PROCTOR, Kenneth George Fraser, Dr
director · ~69y · appointed 2002-02-28 · resigned 2003-01-06
Resigned

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

Mortgages & charges

1
Total charges
0
Outstanding
0
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
satisfied
Lloyds Banking Group
Bank of Scotland PLC
Bond & floating charge1 property12/02/200820/05/2008

Recent filings (82 total)

gazette-dissolved-liquidation
gazette · GAZ2
2011-08-20
liquidation-miscellaneous
insolvency · LIQ MISC
2011-05-27
liquidation-voluntary-return-of-final-meeting-scotland
insolvency · 4.26(Scot)
2011-05-20
legacy
address · 287
2008-06-27
resolution
resolution · RESOLUTIONS
2008-06-27
resolution
resolution · RESOLUTIONS
2008-06-27
legacy
mortgage · 419a(Scot)
2008-05-21
legacy
officers · 288b
2008-04-21
legacy
officers · 288b
2008-04-21
legacy
mortgage · 410(Scot)
2008-02-21
accounts-with-accounts-type-full
accounts · AA
2008-01-29
legacy
officers · 288b
2007-09-18
legacy
officers · 288a
2007-09-18
legacy
annual-return · 363a
2007-08-10
legacy
officers · 288a
2007-01-12