THE SHIPROW DEVELOPMENT COMPANY LIMITED
⚰️Wound downdissolved
SC194958 · ltd · incorporated 1999-04-06
Investment thesis
Company dissolved — not a live target.
Why interesting: Historical record only; useful for precedent research.
Why risky: Not transactable.
🔒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: SIC 7011
Sector: Professional, scientific & technical
ALSO REGISTERED FOR
- 7031SIC 7031
Investor take
Pass (distressed without resilience)Distressed unclear — structural issues outweigh the discount.
Opportunity 50/100 (worth a look), bankability 42/100. Strong seller-intent signal (88/100, director aged 86). Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: asset disposal / carve-out (45/100). Current lenders should be on monthly review.
🏦
Refinance opportunity
7 live charges · 3 lenders · oldest 26.5y
25/100
too messy
Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.
- · Oldest live charge is 26.5 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Legal-friction score 55/100 (high).
Data confidence
Overall: low (50/100)Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.
Company profile
address, 2 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
7 charges (7/7 with lender, 7/7 with type)
90
Directors & officers
4 officers (3 active, 4 linked, 2 with DOB)
80
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
7 connected companies via shared directors
66
Filing history
48 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 (45 events)Click to expand
- 2011-07-04⚠️gazette-dissolved-liquidationgazette · GAZ2
- 2011-07-04🏁Company dissolved
- 2011-04-04⚠️liquidation-court-order-early-dissolutioninsolvency · O/C EARLY DISS
- 2008-09-18📍legacyaddress · 287
- 2008-08-19⚠️liquidation-compulsory-notice-winding-up-scotlandinsolvency · CO4.2(Scot)
- 2008-08-19⚠️liquidation-compulsory-notice-winding-up-scotlandinsolvency · CO4.2(Scot)
- 2008-05-09📄legacyofficers · 288c
- 2008-04-08📄legacyannual-return · 363a
- 2007-04-10📄legacyannual-return · 363a
- 2006-05-03📄legacyannual-return · 363a
- 2005-06-10📄memorandum-articlesincorporation · MA
- 2005-06-10📄resolutionresolution · RESOLUTIONS
- 2005-06-10📄resolutionresolution · RESOLUTIONS
- 2005-06-09📄legacymortgage · 410(Scot)
- 2005-06-01🔒Charge registered #9Lender: The Royal Bank of Scotland PLC
- 2005-04-18📄legacyannual-return · 363s
- 2005-01-27📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2004-09-23📄resolutionresolution · RESOLUTIONS
- 2004-09-23📄resolutionresolution · RESOLUTIONS
- 2004-09-23📄resolutionresolution · RESOLUTIONS
- 2004-09-01📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2004-08-07📄legacymortgage · 419a(Scot)
- 2004-08-07📄legacymortgage · 419a(Scot)
- 2004-08-07🔓Charge satisfied #8
- 2004-08-07🔓Charge satisfied #7
- 2004-05-13📄legacyannual-return · 363a
- 2004-04-19📄legacymortgage · 410(Scot)
- 2004-04-08📄legacymortgage · 410(Scot)
- 2004-04-06🔒Charge registered #8Lender: The Royal Bank of Scotland PLC
- 2004-04-03📄legacymortgage · 419a(Scot)
- 2004-04-03🔓Charge satisfied #6
- 2004-04-03🔓Charge satisfied #5
- 2004-04-03🔓Charge satisfied #2
- 2004-04-03🔓Charge satisfied #1
- 2004-03-29🔒Charge registered #7Lender: The Royal Bank of Scotland PLC
- 2001-07-03🔒Charge registered #6Lender: John Mowlem & Company Public Limited Company
- 1999-11-03🔒Charge registered #5Lender: Bhf-Bank Ag
- 1999-10-18🔒Charge registered #2Lender: Bhf-Bank Ag
- 1999-10-15🔒Charge registered #1Lender: Bhf-Bank Ag
- 1999-05-28➖PETERKINS SERVICES LIMITED resignedcorporate-director
- 1999-05-25➕KINGHORN, Roderick Mackie appointeddirector
- 1999-05-25➕LITTLE (SENIOR), James Ekron appointeddirector
- 1999-04-06🏢Company incorporatedAs THE SHIPROW DEVELOPMENT COMPANY LIMITED
- 1999-04-06➕PETERKINS, SOLICITORS appointedcorporate-nominee-secretary
- 1999-04-06➕PETERKINS SERVICES LIMITED appointedcorporate-director
Owner dependency
83/100
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
- +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.
- +Founder age: Director aged approximately 86 — succession pressure is live.
Succession & seller-readiness
96/100
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 86 years old. Natural succession window is now.
- 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
2 high · 1 med ·Company dissolved
highCompany has been dissolved — it no longer legally exists. Any diligence here is historical only.
Evidence: Dissolved on 2011-07-04
4 insolvency-related filings on record
highFilings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2011-07-04: gazette-dissolved-liquidation; 2011-04-04: liquidation-court-order-early-dissolution
Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
🔒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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|---|---|---|---|---|---|---|---|
| A J R FACILITIES CONSULTANCY LTD→ SC544953 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
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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 →🔒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
Incorporated1999-04-06
Jurisdictionscotland
Primary SIC7011 — SIC 7011
Registered office
100 Union Street
Aberdeen
AB10 1QR
Filing status
Accounts
Next due: —
Last made up to: 2004-05-31
Confirmation statement
Next due: —
Last: —
Officers (0 active · 1 resigned)
PETERKINS, SOLICITORS→
Activecorporate-nominee-secretary · appointed 1999-04-06
View their other companies + combined net worth →
KINGHORN, Roderick Mackie→
Activedirector · ~86y · appointed 1999-05-25
View their other companies + combined net worth →
LITTLE (SENIOR), James Ekron→
Activedirector · ~77y · appointed 1999-05-25
View their other companies + combined net worth →
PETERKINS SERVICES LIMITED→
Resignedcorporate-director · appointed 1999-04-06 · resigned 1999-05-28
Click a director name to see their full track record across all companies.
Mortgages & charges
7
Total charges
1
Outstanding
1
Active lenders
Status:Lender:7 of 7 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | Bond & floating charge | 1 property | 01/06/2005 | — | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Standard security | 1 property | 06/04/2004 | 07/08/2004 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Bond & floating charge | 1 property | 29/03/2004 | 07/08/2004 | |
| satisfied | John Mowlem & Company Public Company John Mowlem & Company Public Limited Company | Standard security | 1 property | 03/07/2001 | 03/04/2004 | |
| satisfied | Bhf-Bank Ag | Assignation of rents | 1 property | 03/11/1999 | 03/04/2004 | |
| satisfied | Bhf-Bank Ag | Standard security | 1 property | 18/10/1999 | 03/04/2004 | |
| satisfied | Bhf-Bank Ag | Floating charge | 1 property | 15/10/1999 | 03/04/2004 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (48 total)
gazette-dissolved-liquidation
gazette · GAZ2
2011-07-04
liquidation-court-order-early-dissolution
insolvency · O/C EARLY DISS
2011-04-04
legacy
address · 287
2008-09-18
liquidation-compulsory-notice-winding-up-scotland
insolvency · CO4.2(Scot)
2008-08-19
liquidation-compulsory-notice-winding-up-scotland
insolvency · CO4.2(Scot)
2008-08-19
legacy
officers · 288c
2008-05-09
legacy
annual-return · 363a
2008-04-08
legacy
annual-return · 363a
2007-04-10
legacy
annual-return · 363a
2006-05-03
memorandum-articles
incorporation · MA
2005-06-10
resolution
resolution · RESOLUTIONS
2005-06-10
resolution
resolution · RESOLUTIONS
2005-06-10
legacy
mortgage · 410(Scot)
2005-06-09
legacy
annual-return · 363s
2005-04-18
accounts-with-accounts-type-total-exemption-small
accounts · AA
2005-01-27