CITY LIMITS OUTDOOR ADVENTURES LIMITED
⚰️Wound downdissolved
SC192806 · ltd · incorporated 1999-01-25
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 20.1y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
65/100
Strong
What this business does
Primary activity: SIC 9262
Sector: Arts, entertainment & recreation
Investor take
Pass (distressed without resilience)Distressed unclear — structural issues outweigh the discount.
Opportunity 65/100 (strong), bankability 75/100. Strong seller-intent signal (65/100, director aged 61). 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 (65/100).
🏦
Refinance opportunity
1 live charge · oldest 20.1y
65/100
clean up first
Refinance viable after a tidy-up — address the highlighted items first.
- · Oldest live charge is 20.1 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Legal-friction score 25/100 — workable, but lender will want more DD.
Data confidence
Overall: low (49/100)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
6 officers (3 active, 6 linked, 4 with DOB)
83
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
5 connected companies via shared directors
60
Filing history
46 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
65/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
30
Concerning — overdue filings or status flags present.
Acquirability
85
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 (37 events)Click to expand
- 2011-02-25📄gazette-dissolved-voluntarygazette · GAZ2(A)
- 2011-02-25🏁Company dissolved
- 2010-11-05📄gazette-notice-voluntarygazette · GAZ1(A)
- 2010-10-27📄dissolution-application-strike-off-companydissolution · DS01
- 2010-10-13📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2010-01-25📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2010-01-25📍move-registers-to-sail-companyaddress · AD03
- 2010-01-25📄change-person-director-company-with-change-dateofficers · CH01
- 2010-01-25📍change-sail-address-companyaddress · AD02
- 2010-01-25📄change-person-director-company-with-change-dateofficers · CH01
- 2009-10-15📄termination-director-company-with-nameofficers · TM01
- 2009-10-02📄legacycapital · 169
- 2009-10-02📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2009-10-01➖MAYES, Alexander Thomson resigneddirector
- 2009-06-10📄legacycapital · 169
- 2009-06-10📄legacycapital · 169
- 2009-01-19📄legacyannual-return · 363a
- 2008-11-11📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2008-01-23📄legacyannual-return · 363a
- 2007-11-06📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2007-04-04📄legacycapital · 88(2)R
- 2007-04-04📄legacycapital · 123
- 2007-04-04📄resolutionresolution · RESOLUTIONS
- 2007-01-12📄legacyannual-return · 363a
- 2006-12-05📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2006-03-15📄legacymortgage · 410(Scot)
- 2006-03-10🔒Charge registered #1Lender: Clydesdale Bank Public Limited Company
- 2006-01-16📄legacyannual-return · 363a
- 1999-01-25🏢Company incorporatedAs CITY LIMITS OUTDOOR ADVENTURES LIMITED
- 1999-01-25➕MACKAY, Neil Langmuir appointedsecretary
- 1999-01-25➕LAWSON, Derek appointeddirector
- 1999-01-25➕MACKAY, Neil Langmuir appointeddirector
- 1999-01-25➕REID, Brian appointednominee-secretary
- 1999-01-25➖REID, Brian resignednominee-secretary
- 1999-01-25➕MABBOTT, Stephen appointednominee-director
- 1999-01-25➖MABBOTT, Stephen resignednominee-director
- 1999-01-25➕MAYES, Alexander Thomson appointeddirector
Owner dependency
76/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
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 27 years — deep operational knowledge concentrated in one person.
- +Senior director age: Director aged approximately 61 — approaching natural succession window.
Succession & seller-readiness
76/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- secondaryFounder aged 58+: Senior director is approximately 61. Early succession window.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- primary20+ year tenure: Director in role 27 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 27 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 2011-02-25
🔒Co-director network graph
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
7 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
Incorporated1999-01-25
Jurisdictionscotland
Primary SIC9262 — SIC 9262
Registered office
Ibrox Church 534 Paisley Road
West,
Glasgow
G51 1RN
Filing status
Accounts
Next due: —
Last made up to: 2010-03-31
Confirmation statement
Next due: —
Last: —
Officers (0 active · 3 resigned)
MACKAY, Neil Langmuir→
Activesecretary · appointed 1999-01-25
View their other companies + combined net worth →
LAWSON, Derek→
Activedirector · ~61y · appointed 1999-01-25
View their other companies + combined net worth →
MACKAY, Neil Langmuir→
Activedirector · ~61y · appointed 1999-01-25
View their other companies + combined net worth →
REID, Brian→
Resignednominee-secretary · appointed 1999-01-25 · resigned 1999-01-25
MABBOTT, Stephen→
Resignednominee-director · ~76y · appointed 1999-01-25 · resigned 1999-01-25
MAYES, Alexander Thomson→
Resigneddirector · ~73y · appointed 1999-01-25 · resigned 2009-10-01
Click a director name to see their full track record across all companies.
Mortgages & charges
1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Virgin Money Clydesdale Bank Public Limited Company | Floating charge | 1 property | 10/03/2006 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (46 total)
gazette-dissolved-voluntary
gazette · GAZ2(A)
2011-02-25
gazette-notice-voluntary
gazette · GAZ1(A)
2010-11-05
dissolution-application-strike-off-company
dissolution · DS01
2010-10-27
accounts-with-accounts-type-total-exemption-small
accounts · AA
2010-10-13
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2010-01-25
move-registers-to-sail-company
address · AD03
2010-01-25
change-person-director-company-with-change-date
officers · CH01
2010-01-25
change-sail-address-company
address · AD02
2010-01-25
change-person-director-company-with-change-date
officers · CH01
2010-01-25
termination-director-company-with-name
officers · TM01
2009-10-15
legacy
capital · 169
2009-10-02
accounts-with-accounts-type-total-exemption-small
accounts · AA
2009-10-02
legacy
capital · 169
2009-06-10
legacy
capital · 169
2009-06-10
legacy
annual-return · 363a
2009-01-19