CAIRNFIRST LIMITED

⚰️Wound downdissolved
SC201420 · ltd · incorporated 1999-11-09
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 25.6y old — refinance window within 12 months
🔒Estimated value
—
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Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
49/100
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What this business does
Primary activity: Licenced restaurants
Sector: Accommodation & food service
Investor take
Pass (distressed without resilience)
Distressed unclear — structural issues outweigh the discount.

Opportunity 49/100 (watch), bankability 55/100. 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 (43/100). Current lenders should be on monthly review.

🏦

Refinance opportunity

1 live charge · oldest 25.6y

55/100
too messy

Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.

  • · Oldest live charge is 25.6 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 45/100 (high).

Data confidence

Overall: low (54/100)

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
11 officers (2 active, 11 linked, 3 with DOB)
75
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
85 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
49/100Watch
PassWatchWorth a lookStrongExceptional 

Not actionable now, but monitor — distressed, succession, or structural changes could flip this into a real opportunity.

Business quality
10
Concerning — overdue filings or status flags present.
Acquirability
65
Some acquirability indicators.
Risk profile
49
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 (47 events)Click to expand
  1. 2019-08-02
    ⚠️
    gazette-dissolved-liquidation
    gazette · GAZ2
  2. 2019-08-02
    🏁
    Company dissolved
  3. 2019-05-02
    ⚠️
    liquidation-compulsory-return-of-final-meeting-scotland
    insolvency · 4.17(Scot)
  4. 2018-05-09
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  5. 2018-05-09
    ⚠️
    liquidation-compulsory-notice-winding-up-scotland
    insolvency · CO4.2(Scot)
  6. 2018-05-09
    ⚠️
    liquidation-compulsory-winding-up-order-scotland
    insolvency · 4.2(Scot)
  7. 2018-04-17
    📄
    dissolved-compulsory-strike-off-suspended
    dissolution · DISS16(SOAS)
  8. 2018-02-27
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  9. 2017-03-18
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  10. 2017-03-07
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  11. 2016-01-27
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  12. 2016-01-26
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  13. 2015-10-15
    📄
    dissolved-compulsory-strike-off-suspended
    dissolution · DISS16(SOAS)
  14. 2015-07-31
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  15. 2015-02-03
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  16. 2015-02-02
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  17. 2014-12-05
    📄
    gazette-notice-compulsary
    gazette · GAZ1
  18. 2014-01-16
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  19. 2014-01-16
    📍
    change-sail-address-company
    address · AD02
  20. 2013-09-26
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  21. 2013-02-28
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  22. 2012-09-28
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  23. 2012-03-03
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  24. 2012-03-02
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  25. 2012-03-02
    📄
    gazette-notice-compulsary
    gazette · GAZ1
  26. 2008-07-30
    ➖
    DAVIES WOOD SUMMERS LLP resigned
    corporate-secretary
  27. 2008-07-30
    ➖
    DAVIES WOOD SUMMERS LLP resigned
    corporate-secretary
  28. 2008-05-23
    ➕
    CUMMINGS, Ross appointed
    director
  29. 2008-05-23
    ➖
    CUMMINGS, James Cook resigned
    director
  30. 2006-05-01
    ➖
    DAVIES WOOD SUMMERS resigned
    corporate-nominee-secretary
  31. 2006-05-01
    ➕
    DAVIES WOOD SUMMERS LLP appointed
    corporate-secretary
  32. 2006-05-01
    ➕
    DAVIES WOOD SUMMERS LLP appointed
    corporate-secretary
  33. 2005-02-07
    ➖
    ADD ACCOUNTANCY LIMITED resigned
    corporate-secretary
  34. 2005-02-07
    ➕
    DAVIES WOOD SUMMERS appointed
    corporate-nominee-secretary
  35. 2003-06-12
    ➕
    ADD ACCOUNTANCY LIMITED appointed
    corporate-secretary
  36. 2003-06-12
    ➖
    JM TAYLOR LIMITED resigned
    corporate-secretary
  37. 2002-11-30
    ➖
    JAMIESON & CRADOCK resigned
    corporate-secretary
  38. 2002-11-30
    ➕
    JM TAYLOR LIMITED appointed
    corporate-secretary
  39. 2000-09-04
    🔒
    Charge registered #1
    Lender: The Governor and Company of the Bank of Scotland
  40. 2000-01-18
    ➕
    CUMMINGS, Keith Cook appointed
    director
  41. 2000-01-18
    ➕
    JAMIESON & CRADOCK appointed
    corporate-secretary
  42. 2000-01-18
    ➖
    OSWALDS OF EDINBURGH LIMITED resigned
    corporate-nominee-secretary
  43. 2000-01-18
    ➕
    CUMMINGS, James Cook appointed
    director
  44. 2000-01-18
    ➖
    JORDANS (SCOTLAND) LIMITED resigned
    corporate-nominee-director
  45. 1999-11-09
    🏢
    Company incorporated
    As CAIRNFIRST LIMITED
  46. 1999-11-09
    ➕
    OSWALDS OF EDINBURGH LIMITED appointed
    corporate-nominee-secretary
  47. 1999-11-09
    ➕
    JORDANS (SCOTLAND) LIMITED appointed
    corporate-nominee-director

Owner dependency

76/100
High — earn-out structure required

Material 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 26 years — deep operational knowledge concentrated in one person.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

66/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 26 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 26 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 dissolved
high

Company has been dissolved — it no longer legally exists. Any diligence here is historical only.

Evidence: Dissolved on 2019-08-02

4 insolvency-related filings on record
high

Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.

Evidence: 2019-08-02: gazette-dissolved-liquidation; 2019-05-02: liquidation-compulsory-return-of-final-meeting-scotland

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Keith Cook Cummings
Individual · British · DOB 08/1973 · age 53
50–75%
—50-75% shares06/04/2016
Mr Ross Cummings
Individual · British · DOB 03/1981 · age 45
25–50%
—25-50% shares06/04/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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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
Incorporated1999-11-09
Jurisdictionscotland
Primary SIC56101 — Licenced restaurants

Registered office

Third Floor Turnberry House
175 West George Street
Glasgow
G2 2LB

Filing status

Accounts
Next due: —
Last made up to: 2012-11-30
Confirmation statement
Next due: —
Last: —

Officers (0 active · 9 resigned)

CUMMINGS, Keith Cook→
director · ~53y · appointed 2000-01-18
View their other companies + combined net worth →
Active
CUMMINGS, Ross→
director · ~45y · appointed 2008-05-23
View their other companies + combined net worth →
Active
ADD ACCOUNTANCY LIMITED→
corporate-secretary · appointed 2003-06-12 · resigned 2005-02-07
Resigned
DAVIES WOOD SUMMERS→
corporate-nominee-secretary · appointed 2005-02-07 · resigned 2006-05-01
Resigned
DAVIES WOOD SUMMERS LLP→
corporate-secretary · appointed 2006-05-01 · resigned 2008-07-30
Resigned
DAVIES WOOD SUMMERS LLP→
corporate-secretary · appointed 2006-05-01 · resigned 2008-07-30
Resigned
JAMIESON & CRADOCK→
corporate-secretary · appointed 2000-01-18 · resigned 2002-11-30
Resigned
JM TAYLOR LIMITED→
corporate-secretary · appointed 2002-11-30 · resigned 2003-06-12
Resigned
OSWALDS OF EDINBURGH LIMITED→
corporate-nominee-secretary · appointed 1999-11-09 · resigned 2000-01-18
Resigned
CUMMINGS, James Cook→
director · ~56y · appointed 2000-01-18 · resigned 2008-05-23
Resigned
JORDANS (SCOTLAND) LIMITED→
corporate-nominee-director · appointed 1999-11-09 · resigned 2000-01-18
Resigned

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
TypeProperties
outstanding
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Bond & floating charge1 property04/09/2000—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (85 total)

gazette-dissolved-liquidation
gazette · GAZ2
2019-08-02
liquidation-compulsory-return-of-final-meeting-scotland
insolvency · 4.17(Scot)
2019-05-02
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2018-05-09
liquidation-compulsory-notice-winding-up-scotland
insolvency · CO4.2(Scot)
2018-05-09
liquidation-compulsory-winding-up-order-scotland
insolvency · 4.2(Scot)
2018-05-09
dissolved-compulsory-strike-off-suspended
dissolution · DISS16(SOAS)
2018-04-17
gazette-notice-compulsory
gazette · GAZ1
2018-02-27
gazette-filings-brought-up-to-date
gazette · DISS40
2017-03-18
confirmation-statement-with-updates
confirmation-statement · CS01
2017-03-15
gazette-notice-compulsory
gazette · GAZ1
2017-03-07
gazette-filings-brought-up-to-date
gazette · DISS40
2016-01-27
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2016-01-26
dissolved-compulsory-strike-off-suspended
dissolution · DISS16(SOAS)
2015-10-15
gazette-notice-compulsory
gazette · GAZ1
2015-07-31
gazette-filings-brought-up-to-date
gazette · DISS40
2015-02-03