LOTHIAN SPORTS CARS LTD
⚰️Wound downdissolved
SC189565 · ltd · incorporated 1998-09-18
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 24.8y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
64/100
Worth a look
What this business does
Primary activity: SIC 45112
Sector: Wholesale & retail
Investor take
Pass (distressed without resilience)Distressed unclear — structural issues outweigh the discount.
Opportunity 64/100 (worth a look), bankability 80/100. Strong seller-intent signal (78/100, director aged 83). 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
1 live charge · oldest 24.8y
85/100
ready
Refinance conversation should be productive — structure clean and timing right.
- · Oldest live charge is 24.8 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Legal-friction score 15/100 — clean.
Data confidence
Overall: medium (57/100)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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
8 officers (1 active, 8 linked, 5 with DOB)
83
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
4 connected companies via shared directors
57
Filing history
87 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
64/100Worth 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
80
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
1
filing
- • 1 gazette
Counts from Companies House filing history.
Corporate timeline (35 events)Click to expand
- 2025-12-16📄gazette-dissolved-voluntarygazette · GAZ2(A)
- 2025-12-16🏁Company dissolved
- 2025-09-30📄gazette-notice-voluntarygazette · GAZ1(A)
- 2025-09-24📄dissolution-application-strike-off-companydissolution · DS01
- 2024-09-24📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-12-22📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2023-12-22📄change-person-director-company-with-change-dateofficers · CH01
- 2023-12-22📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2023-12-22📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2023-12-21➖PROFIT COUNTS LIMITED resignedcorporate-secretary
- 2023-10-30📄accounts-with-accounts-type-dormantaccounts · AA
- 2022-06-07📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2021-08-11📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2020-12-14📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2019-08-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-08-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-09-15📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2016-08-05📄accounts-with-accounts-type-dormantaccounts · AA
- 2010-11-11➖MOHAMMED, Nasser Abdul resignedsecretary
- 2010-11-11➕PROFIT COUNTS LIMITED appointedcorporate-secretary
- 2006-10-01➖FINLAY, Alexander resigneddirector
- 2006-10-01➖WATT, Ranald Guy resigneddirector
- 2006-05-12🔓Charge satisfied #1
- 2001-07-06🔒Charge registered #1Lender: Eastern Holdings Limited
- 1998-11-01➕WATT, Ranald Guy appointeddirector
- 1998-09-24➕WATT, William Andrew Brian appointeddirector
- 1998-09-24➖MEIKLEJOHN, Iain Maury Campbell resignednominee-secretary
- 1998-09-24➕MOHAMMED, Nasser Abdul appointedsecretary
- 1998-09-24➕FINLAY, Alexander appointeddirector
- 1998-09-24➖MEIKLEJOHN, Iain Maury Campbell resignednominee-director
- 1998-09-24➖WILL, James Robert resignednominee-director
- 1998-09-18🏢Company incorporatedAs LOTHIAN SPORTS CARS LTD
- 1998-09-18➕MEIKLEJOHN, Iain Maury Campbell appointednominee-secretary
- 1998-09-18➕MEIKLEJOHN, Iain Maury Campbell appointednominee-director
- 1998-09-18➕WILL, James Robert appointednominee-director
Owner dependency
100/100
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
- +Sole director: Only one active director — all governance concentrated on one person.
- +Long-tenure founder: Senior director has been in place 28 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 83 — succession pressure is live.
Succession & seller-readiness
100/100
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 83 years old. Natural succession window is now.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- 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
1 high ·Company dissolved
highCompany has been dissolved — it no longer legally exists. Any diligence here is historical only.
Evidence: Dissolved on 2025-12-16
Group structure
Roseisle Estates Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Roseisle Estates Ltd
Corporate parent · holds 75-100% shares
⬇
LOTHIAN SPORTS CARS LTD
This company · SC189565
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
2 active beneficial owners · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Roseisle Estates Ltd Corporate entity | 75–100% | — | 75-100% shares | 06/04/2016 |
Mr Brian Watt Individual · British · DOB 08/1943 · age 83 | — | — | sig. influencesignificant influence | 06/04/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
🔒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
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|---|---|---|---|---|---|---|---|
| BREEZEFRESH LIMITED→ SC208727 · est 2000 · no financials extracted | — | — | — | — | 25y | — | — |
| CAPITAL ALLOYS LTD→ SC703970 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| CAPITAL AUTO'S LTD→ SC471811 · est 2014 · no financials extracted | — | — | — | — | 12y | — | — |
| CAR O'CLOCK LTD→ SC838869 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| CARBONFBR LTD→ SC682678 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| CARPARTS BALTIC LTD→ SC739666 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| CARS4YOU LTD→ SC543547 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| CDCOPLAND MOTORS LTD→ SC649606 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| CHARLES GRAY (BUILDERS) LIMITED→ SC030807 · est 1955 · no financials extracted | — | — | — | — | 70y | — | — |
| CLARKSON AUTO SERVICES LTD→ SC787247 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| COASTLINE CAR WASH LIMITED→ SC431430 · est 2012 · no financials extracted | — | — | — | — | 13y | — | — |
| CORNEL CARS LIMITED→ SC869658 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
9 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
Incorporated1998-09-18
Jurisdictionscotland
Primary SIC45112 — SIC 45112
Registered office
34 Whitecraig Road Whitecraig
Musselburgh
EH21 8NE
United Kingdom
Filing status
Accounts
Next due: —
Last made up to: 2023-12-31
Confirmation statement
Next due: —
Last: 2024-09-18
Officers (0 active · 7 resigned)
WATT, William Andrew Brian→
Activedirector · ~83y · appointed 1998-09-24
View their other companies + combined net worth →
MEIKLEJOHN, Iain Maury Campbell→
Resignednominee-secretary · appointed 1998-09-18 · resigned 1998-09-24
MOHAMMED, Nasser Abdul→
Resignedsecretary · appointed 1998-09-24 · resigned 2010-11-11
PROFIT COUNTS LIMITED→
Resignedcorporate-secretary · appointed 2010-11-11 · resigned 2023-12-21
FINLAY, Alexander→
Resigneddirector · ~85y · appointed 1998-09-24 · resigned 2006-10-01
MEIKLEJOHN, Iain Maury Campbell→
Resignednominee-director · ~72y · appointed 1998-09-18 · resigned 1998-09-24
WATT, Ranald Guy→
Resigneddirector · ~53y · appointed 1998-11-01 · resigned 2006-10-01
WILL, James Robert→
Resignednominee-director · ~71y · appointed 1998-09-18 · resigned 1998-09-24
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
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Eastern Holdings Eastern Holdings Limited | Floating charge | 1 property | 06/07/2001 | 12/05/2006 |
Recent filings (87 total)
gazette-dissolved-voluntary
gazette · GAZ2(A)
2025-12-16
gazette-notice-voluntary
gazette · GAZ1(A)
2025-09-30
dissolution-application-strike-off-company
dissolution · DS01
2025-09-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-24
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-12-22
confirmation-statement-with-updates
confirmation-statement · CS01
2023-12-22
change-person-director-company-with-change-date
officers · CH01
2023-12-22
termination-secretary-company-with-name-termination-date
officers · TM02
2023-12-22
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-12-22
accounts-with-accounts-type-dormant
accounts · AA
2023-10-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-10-06
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-06-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-10-04
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-08-11