F M COMMERCIAL LIMITED
⚰️Wound downdissolved
SC214476 · ltd · incorporated 2001-01-05
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
Investor take
Pass (distressed without resilience)Distressed unclear — structural issues outweigh the discount.
Opportunity 50/100 (worth a look), bankability 42/100. 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: 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
6 live charges · 3 lenders · oldest 25.1y
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 25.1 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Legal-friction score 55/100 (high).
Data confidence
Overall: low (52/100)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
6 charges (6/6 with lender, 6/6 with type)
90
Directors & officers
6 officers (4 active, 6 linked, 3 with DOB)
80
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
27 connected companies via shared directors
90
Filing history
52 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 (44 events)Click to expand
- 2011-11-25⚠️gazette-dissolved-liquidationgazette · GAZ2
- 2011-11-25🏁Company dissolved
- 2011-08-25⚠️liquidation-in-administration-move-to-dissolution-scotlandinsolvency · 2.26B(Scot)
- 2011-03-30⚠️liquidation-in-administration-progress-report-scotlandinsolvency · 2.20B(Scot)
- 2010-09-22⚠️liquidation-in-administration-progress-report-scotlandinsolvency · 2.20B(Scot)
- 2010-08-25⚠️liquidation-in-administration-extension-of-period-scotlandinsolvency · 2.22B(Scot)
- 2010-04-07⚠️liquidation-in-administration-progress-report-scotlandinsolvency · 2.20B(Scot)
- 2010-02-22⚠️liquidation-in-administration-extension-of-period-scotlandinsolvency · 2.22B(Scot)
- 2009-10-16⚠️liquidation-in-administration-progress-report-scotlandinsolvency · 2.20B(Scot)
- 2009-09-08📍legacyaddress · 287
- 2009-04-22⚠️liquidation-in-administration-proposals-scotlandinsolvency · 2.16B(Scot)
- 2009-04-16⚠️liquidation-in-administration-notice-of-statement-of-affairs-scotland-with-form-attachedinsolvency · 2.15B(Scot)
- 2009-03-09📍legacyaddress · 287
- 2009-03-06⚠️liquidation-in-administration-appointment-of-administrator-scotlandinsolvency · 2.11B(Scot)
- 2008-10-28📄legacymortgage · 410(Scot)
- 2008-10-25📄legacymortgage · 410(Scot)
- 2008-10-23🔒Charge registered #5Lender: Bank of Scotland PLC
- 2008-10-21🔒Charge registered #6Lender: Bank of Scotland PLC
- 2008-07-02📄accounts-with-accounts-type-fullaccounts · AA
- 2008-03-01📄legacyannual-return · 363s
- 2007-06-14📄accounts-with-accounts-type-fullaccounts · AA
- 2007-02-05📄legacyannual-return · 363s
- 2006-07-04📄accounts-with-accounts-type-fullaccounts · AA
- 2006-03-24📄legacyannual-return · 363s
- 2005-01-22📄legacyannual-return · 363s
- 2005-01-20📄accounts-with-accounts-type-fullaccounts · AA
- 2004-01-23📄legacyannual-return · 363s
- 2004-01-23📄legacyannual-return · 363(288)
- 2003-07-02🔓Charge satisfied #3
- 2003-07-02🔓Charge satisfied #2
- 2003-06-23🔒Charge registered #4Lender: The Governor and Company of the Bank of Scotland
- 2003-06-20🔓Charge satisfied #1
- 2002-10-24🔒Charge registered #3Lender: Clydesdale Bank Public Limited Company
- 2001-03-26🔒Charge registered #2Lender: Clydesdale Bank Public Limited Company
- 2001-03-01🔒Charge registered #1Lender: Clydesdale Bank Public Limited Company
- 2001-01-23➕MILNE, Jonathon Alexander appointedsecretary
- 2001-01-23➕FORBES, John Inglis appointeddirector
- 2001-01-23➕MILNE, John Todd appointeddirector
- 2001-01-23➕MILNE, Jonathon Alexander appointeddirector
- 2001-01-23➖OSWALDS OF EDINBURGH LIMITED resignedcorporate-nominee-secretary
- 2001-01-23➖JORDANS (SCOTLAND) LIMITED resignedcorporate-nominee-director
- 2001-01-05🏢Company incorporatedAs F M COMMERCIAL LIMITED
- 2001-01-05➕OSWALDS OF EDINBURGH LIMITED appointedcorporate-nominee-secretary
- 2001-01-05➕JORDANS (SCOTLAND) LIMITED appointedcorporate-nominee-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
- +Long-tenure founder: Senior director has been in place 25 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 81 — succession pressure is live.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
90/100
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 81 years old. Natural succession window is now.
- primary20+ year tenure: Director in role 25 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 25 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 2011-11-25
11 insolvency-related filings on record
highFilings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2011-11-25: gazette-dissolved-liquidation; 2011-08-25: liquidation-in-administration-move-to-dissolution-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.
🔒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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|---|---|---|---|---|---|---|---|
| ATHENA CONSULT LTD→ SC655717 · est 2020 · no financials extracted | — | — | — | — | 6y | — | — |
| ATHLETE ORIGIN LTD→ SC708117 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| ATM MANAGEMENT & CONSULTING LTD→ SC404793 · est 2011 · no financials extracted | — | — | — | — | 14y | — | — |
| ATMOSFUTURE INNOVATIONS LIMITED→ SC869684 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| AUDIOELEMENTS (SCOTLAND) LIMITED→ SC834885 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| AUDIT CENTRIC LIMITED→ SC451452 · est 2013 · no financials extracted | — | — | — | — | 12y | — | — |
| AULD KIRK DEVELOPMENTS LIMITED→ SC547247 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| AVIDITY GROUP LIMITED→ SC513441 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
| AW ACCOUNTING SOLUTIONS LTD→ SC741892 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| AWAISI & CO LTD→ SC380470 · est 2010 · no financials extracted | — | — | — | — | 15y | — | — |
| AWL CONSULTANCY (SCOTLAND) LTD→ SC787316 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| AWSK CONSULTANCY LTD→ SC856534 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
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
Incorporated2001-01-05
Jurisdictionscotland
Primary SIC7011 — SIC 7011
Registered office
C/O Zolfo Cooper Cornerstone
107 West Regent Street
Glasgow
G2 2BA
Filing status
Accounts
Next due: —
Last made up to: 2007-08-31
Confirmation statement
Next due: —
Last: —
Officers (0 active · 2 resigned)
MILNE, Jonathon Alexander→
Activesecretary · appointed 2001-01-23
View their other companies + combined net worth →
FORBES, John Inglis→
Activedirector · ~79y · appointed 2001-01-23
View their other companies + combined net worth →
MILNE, John Todd→
Activedirector · ~81y · appointed 2001-01-23
View their other companies + combined net worth →
MILNE, Jonathon Alexander→
Activedirector · ~56y · appointed 2001-01-23
View their other companies + combined net worth →
OSWALDS OF EDINBURGH LIMITED→
Resignedcorporate-nominee-secretary · appointed 2001-01-05 · resigned 2001-01-23
JORDANS (SCOTLAND) LIMITED→
Resignedcorporate-nominee-director · appointed 2001-01-05 · resigned 2001-01-23
Click a director name to see their full track record across all companies.
Mortgages & charges
6
Total charges
3
Outstanding
1
Active lenders
Status:Lender:6 of 6 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group Bank of Scotland PLC | Assignation of rents | 1 property | 23/10/2008 | — | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC | Standard security | 1 property | 21/10/2008 | — | |
| outstanding | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Floating charge | 1 property | 23/06/2003 | — | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Standard security | 1 property | 24/10/2002 | 02/07/2003 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Floating charge | 1 property | 26/03/2001 | 02/07/2003 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Standard security | 1 property | 01/03/2001 | 20/06/2003 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (52 total)
gazette-dissolved-liquidation
gazette · GAZ2
2011-11-25
liquidation-in-administration-move-to-dissolution-scotland
insolvency · 2.26B(Scot)
2011-08-25
liquidation-in-administration-progress-report-scotland
insolvency · 2.20B(Scot)
2011-03-30
liquidation-in-administration-progress-report-scotland
insolvency · 2.20B(Scot)
2010-09-22
liquidation-in-administration-extension-of-period-scotland
insolvency · 2.22B(Scot)
2010-08-25
liquidation-in-administration-progress-report-scotland
insolvency · 2.20B(Scot)
2010-04-07
liquidation-in-administration-extension-of-period-scotland
insolvency · 2.22B(Scot)
2010-02-22
liquidation-in-administration-progress-report-scotland
insolvency · 2.20B(Scot)
2009-10-16
legacy
address · 287
2009-09-08
liquidation-in-administration-proposals-scotland
insolvency · 2.16B(Scot)
2009-04-22
liquidation-in-administration-notice-of-statement-of-affairs-scotland-with-form-attached
insolvency · 2.15B(Scot)
2009-04-16
legacy
address · 287
2009-03-09
liquidation-in-administration-appointment-of-administrator-scotland
insolvency · 2.11B(Scot)
2009-03-06
legacy
mortgage · 410(Scot)
2008-10-28
legacy
mortgage · 410(Scot)
2008-10-25