THE NESS FOUNDATION
- · Oldest live charge 18.2y old — refinance window within 12 months
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
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.
Mixed signal. Worth opening the full target workup before deciding to pursue.
Recent activity
Corporate timeline (71 events)Click to expand
- 2011-08-20⚠️gazette-dissolved-liquidationgazette · GAZ2
- 2011-08-20🏁Company dissolved
- 2011-05-27⚠️liquidation-miscellaneousinsolvency · LIQ MISC
- 2011-05-20⚠️liquidation-voluntary-return-of-final-meeting-scotlandinsolvency · 4.26(Scot)
- 2008-06-27📍legacyaddress · 287
- 2008-06-27📄resolutionresolution · RESOLUTIONS
- 2008-06-27📄resolutionresolution · RESOLUTIONS
- 2008-05-21📄legacymortgage · 419a(Scot)
- 2008-05-20🔓Charge satisfied #1
- 2008-04-21➖MURRAY, Doreen resignedsecretary
- 2008-04-21➖MURRAY, Doreen resigneddirector
- 2008-04-21📄legacyofficers · 288b
- 2008-04-21📄legacyofficers · 288b
- 2008-02-21📄legacymortgage · 410(Scot)
- 2008-02-12🔒Charge registered #1Lender: Bank of Scotland PLC
- 2008-01-29📄accounts-with-accounts-type-fullaccounts · AA
- 2007-09-18📄legacyofficers · 288b
- 2007-09-18📄legacyofficers · 288a
- 2007-08-22➖KERR, Christopher James resigneddirector
- 2007-08-10📄legacyannual-return · 363a
- 2007-01-24➕KERR, Christopher James appointeddirector
- 2007-01-12📄legacyofficers · 288a
- 2007-01-01➕MURRAY, Doreen appointeddirector
- 2006-12-21📄accounts-with-accounts-type-fullaccounts · AA
- 2006-11-17📄memorandum-articlesincorporation · MA
- 2006-11-17📄resolutionresolution · RESOLUTIONS
- 2006-08-22📄resolutionresolution · RESOLUTIONS
- 2006-08-10📄legacyannual-return · 363a
- 2006-01-31📄accounts-with-accounts-type-fullaccounts · AA
- 2005-08-17📄legacyannual-return · 363a
- 2005-07-29📄legacyofficers · 288a
- 2005-07-29📄legacyofficers · 288b
- 2005-07-19➕BROWN, David Gordon appointeddirector
- 2005-07-19➖SCOTT, Graeme resigneddirector
- 2005-06-07📄memorandum-articlesincorporation · MA
- 2005-01-06➕MAXWELL, Ross Keith appointeddirector
- 2004-12-08➖FARQUHARSON, James Keith resignedsecretary
- 2004-12-08➕MURRAY, Doreen appointedsecretary
- 2004-12-08➖FARQUHARSON, James Keith resigneddirector
- 2004-08-01➕MUNDIE, Douglas Stewart appointeddirector
- 2004-07-31➖HILLS, Graham John, Sir resigneddirector
- 2003-03-04➖MATHESON, Della resigneddirector
- 2003-01-06➖PROCTOR, Kenneth George Fraser, Dr resigneddirector
- 2002-08-29➕SCOTT, Graeme appointeddirector
- 2002-05-23➕FARQUHARSON, James Keith appointedsecretary
- 2002-05-23➖FERGUSON, Hazel resignedsecretary
- 2002-05-23➖SKINNER, Fiona Kay, Dr resigneddirector
- 2002-03-27➕FERGUSON, Hazel appointedsecretary
- 2002-03-27➖HALL, Pamela Ann resignedsecretary
- 2002-02-28➕PROCTOR, Kenneth George Fraser, Dr appointeddirector
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- -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
Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
- 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 has been dissolved — it no longer legally exists. Any diligence here is historical only.
Evidence: Dissolved on 2011-08-20
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
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
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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 →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
Registered office
Filing status
Officers (0 active · 19 resigned)
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Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Lloyds Banking Group Bank of Scotland PLC | Bond & floating charge | 1 property | 12/02/2008 | 20/05/2008 |