ELMTREE HOMES LTD.
⚰️Wound downdissolved
SC192821 · 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 26.4y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
50/100
Worth a look
What this business does
Primary activity: Construction of domestic buildings
Sector: Construction
Investor take
Pass (distressed without resilience)Distressed unclear — structural issues outweigh the discount.
Opportunity 50/100 (worth a look), bankability 60/100. Strong seller-intent signal (88/100, director aged 65). 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 (58/100). Current lenders should be on monthly review.
🏦
Refinance opportunity
5 live charges · 2 lenders · oldest 26.4y
50/100
clean up first
Refinance viable after a tidy-up — address the highlighted items first.
- · Oldest live charge is 26.4 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Legal-friction score 35/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (56/100)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
5 charges (5/5 with lender, 5/5 with type)
90
Directors & officers
4 officers (2 active, 4 linked, 2 with DOB)
80
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
80 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
50/100Worth 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
41
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 (36 events)Click to expand
- 2025-05-04⚠️gazette-dissolved-liquidationgazette · GAZ2
- 2025-05-04🏁Company dissolved
- 2025-02-04⚠️liquidation-voluntary-creditors-return-of-final-meeting-scotlandinsolvency · LIQ14(Scot)
- 2023-11-08📄resolutionresolution · RESOLUTIONS
- 2023-11-01📄resolutionresolution · RESOLUTIONS
- 2023-06-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-03-09📄change-account-reference-date-company-previous-extendedaccounts · AA01
- 2022-04-01📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-04-01📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-03-01📄mortgage-satisfy-charge-fullmortgage · MR04
- 2020-03-01📄mortgage-satisfy-charge-fullmortgage · MR04
- 2020-03-01📄mortgage-satisfy-charge-fullmortgage · MR04
- 2020-03-01🔓Charge satisfied #5
- 2020-03-01🔓Charge satisfied #4
- 2020-03-01🔓Charge satisfied #3
- 2019-12-31📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2018-12-31📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2017-12-31📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2017-06-30📄change-account-reference-date-company-previous-extendedaccounts · AA01
- 2016-12-27📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2016-10-31📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2016-06-27📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2006-04-13🔒Charge registered #5Lender: Aib Group (UK) PLC
- 2001-04-30🔒Charge registered #4Lender: Aib Group (UK) PLC
- 2001-04-23🔓Charge satisfied #1
- 2001-04-19🔒Charge registered #3Lender: Aib Group (UK) PLC
- 2001-02-01🔓Charge satisfied #2
- 2000-07-07🔒Charge registered #2Lender: Clydesdale Bank Public Limited Company
- 1999-11-23🔒Charge registered #1Lender: Clydesdale Bank Public Limited Company
- 1999-01-25🏢Company incorporatedAs ELMTREE HOMES LTD.
- 1999-01-25➕GILLESPIE, Valerie Lynn appointedsecretary
- 1999-01-25➕GILLESPIE, Joseph Douglas 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
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 27 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 65 — succession pressure is live.
Succession & seller-readiness
95/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 63+: Senior director is approximately 65. Approaching typical UK retirement age — succession thinking likely.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- 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
2 high · 1 med ·Company dissolved
highCompany has been dissolved — it no longer legally exists. Any diligence here is historical only.
Evidence: Dissolved on 2025-05-04
2 insolvency-related filings on record
highFilings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2025-05-04: gazette-dissolved-liquidation; 2025-02-04: liquidation-voluntary-creditors-return-of-final-meeting-scotland
Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Shareholders & ownership
1 active beneficial owner| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Joseph Douglas Gillespie Individual · British · DOB 12/1961 · age 65 | 25–50% | — | 25-50% shares | 12/01/2017 |
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
Active · Construction · G postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| A K P SCOTLAND LIMITED→ SC122516 · est 1990 · no financials extracted | — | — | — | — | 36y | — | — |
| ADM 2010 LTD→ SC388883 · est 2010 · no financials extracted | — | — | — | — | 15y | — | — |
| ADR FENCING SCOTLAND LTD→ SC818113 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| AHMAD GAS SERVICING LTD→ SC881895 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| AIBSCOTLAND LTD→ SC873730 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| AIM BUILDING AND MAINTENANCE SERVICES LIMITED→ SC666380 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| AKD CONSTRUCTION LIMITED→ SC877760 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| AL BUILDING CONTRACTORS LTD→ SC794975 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| ALAN BELL CONSTRUCTION & DEVELOPMENT LTD→ SC500103 · est 2015 · no financials extracted | — | — | — | — | 11y | — | — |
| ALAN DEVINE ROOFING LTD→ SC612651 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| ALAN ORR PLUMBING LTD→ SC493433 · est 2014 · no financials extracted | — | — | — | — | 11y | — | — |
| ALBA GAS LIMITED→ SC225004 · est 2001 · no financials extracted | — | — | — | — | 24y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
11 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 SIC41202 — Construction of domestic buildings
Registered office
7 Montrose Drive
Bearsden
Glasgow
G61 3JS
Scotland
Filing status
Accounts
Next due: —
Last made up to: 2022-09-30
Confirmation statement
Next due: —
Last: 2023-01-12
Officers (0 active · 2 resigned)
GILLESPIE, Valerie Lynn→
Activesecretary · appointed 1999-01-25
View their other companies + combined net worth →
GILLESPIE, Joseph Douglas→
Activedirector · ~65y · 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
Click a director name to see their full track record across all companies.
Mortgages & charges
5
Total charges
0
Outstanding
0
Active lenders
Status:Lender:5 of 5 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Aib Group (UK) Aib Group (UK) PLC | Standard security | 1 property | 13/04/2006 | 01/03/2020 | |
| satisfied | Aib Group (UK) Aib Group (UK) PLC | Standard security | 1 property | 30/04/2001 | 01/03/2020 | |
| satisfied | Aib Group (UK) Aib Group (UK) PLC | Floating charge | 1 property | 19/04/2001 | 01/03/2020 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Standard security | 1 property | 07/07/2000 | 01/02/2001 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Floating charge | 1 property | 23/11/1999 | 23/04/2001 |
Recent filings (80 total)
gazette-dissolved-liquidation
gazette · GAZ2
2025-05-04
liquidation-voluntary-creditors-return-of-final-meeting-scotland
insolvency · LIQ14(Scot)
2025-02-04
resolution
resolution · RESOLUTIONS
2023-11-08
resolution
resolution · RESOLUTIONS
2023-11-01
accounts-with-accounts-type-micro-entity
accounts · AA
2023-06-30
change-account-reference-date-company-previous-extended
accounts · AA01
2023-03-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-01-15
accounts-with-accounts-type-micro-entity
accounts · AA
2022-04-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-01-26
accounts-with-accounts-type-micro-entity
accounts · AA
2021-04-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-01-23
mortgage-satisfy-charge-full
mortgage · MR04
2020-03-01
mortgage-satisfy-charge-full
mortgage · MR04
2020-03-01
mortgage-satisfy-charge-full
mortgage · MR04
2020-03-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-01-12