LINNET ENTERPRISES LIMITED

⚰️Wound downdissolved
SC224446 · ltd · incorporated 2001-10-22
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
63/100
Worth a look
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What this business does
Primary activity: Management consultancy activities other than financial management
Sector: Professional, scientific & technical
ALSO REGISTERED FOR
  • 78200Temporary employment agency activities
Investor take
Pass (distressed without resilience)
Distressed unclear — structural issues outweigh the discount.

Opportunity 63/100 (worth a look), bankability 70/100. Strong seller-intent signal (78/100, director aged 76). 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).

Data confidence

Overall: low (47/100)

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
Confirmed no charges registered
85
Directors & officers
5 officers (3 active, 5 linked, 2 with DOB)
78
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
1 connected companies via shared directors
48
Filing history
47 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
63/100Worth a look
PassWatchWorth a lookStrongExceptional 

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality
30
Concerning — overdue filings or status flags present.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
90
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 (34 events)Click to expand
  1. 2016-03-01
    📄
    gazette-dissolved-voluntary
    gazette · GAZ2(A)
  2. 2016-03-01
    🏁
    Company dissolved
  3. 2015-12-15
    📄
    gazette-notice-voluntary
    gazette · GAZ1(A)
  4. 2015-12-03
    📄
    dissolution-application-strike-off-company
    dissolution · DS01
  5. 2015-06-01
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  6. 2014-12-03
    📄
    change-account-reference-date-company-current-extended
    accounts · AA01
  7. 2014-11-13
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  8. 2014-05-01
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  9. 2013-11-08
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  10. 2013-04-16
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  11. 2012-11-13
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  12. 2012-04-25
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  13. 2011-11-03
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  14. 2011-06-27
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2010-11-02
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  16. 2010-04-07
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  17. 2009-11-11
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  18. 2009-04-17
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  19. 2008-10-28
    📄
    legacy
    annual-return · 363a
  20. 2008-04-16
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  21. 2007-11-02
    📄
    legacy
    annual-return · 363a
  22. 2007-06-15
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  23. 2006-10-27
    📄
    legacy
    annual-return · 363a
  24. 2006-08-24
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  25. 2006-07-14
    📄
    legacy
    officers · 288a
  26. 2006-07-14
    📄
    legacy
    officers · 288b
  27. 2006-04-03
    ➕
    LC SECRETARIES LIMITED appointed
    corporate-secretary
  28. 2006-04-03
    ➖
    LEDINGHAM CHALMERS resigned
    corporate-nominee-secretary
  29. 2004-12-17
    ➕
    CARDALE, Susan Jane appointed
    director
  30. 2001-10-24
    ➕
    CARDALE, Thomas Arthur appointed
    director
  31. 2001-10-24
    ➖
    DURANO LIMITED resigned
    corporate-nominee-director
  32. 2001-10-22
    🏢
    Company incorporated
    As LINNET ENTERPRISES LIMITED
  33. 2001-10-22
    ➕
    LEDINGHAM CHALMERS appointed
    corporate-nominee-secretary
  34. 2001-10-22
    ➕
    DURANO LIMITED appointed
    corporate-nominee-director

Owner dependency

91/100
Critical — business is the founder

The 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 24 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 76 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

96/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 76 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 24 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

1 high ·
Company dissolved
high

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

Evidence: Dissolved on 2016-03-01

🔒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 →

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

8 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.

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Company details

Statusdissolved
Typeltd
Incorporated2001-10-22
Jurisdictionscotland
Primary SIC70229 — Management consultancy activities other than financial management

Registered office

Johnstone House
52-54 Rose Street
Aberdeen
AB10 1HA

Filing status

Accounts
Next due: —
Last made up to: 2014-12-31
Confirmation statement
Next due: —
Last: —

Officers (0 active · 2 resigned)

LC SECRETARIES LIMITED→
corporate-secretary · appointed 2006-04-03
View their other companies + combined net worth →
Active
CARDALE, Susan Jane→
director · ~73y · appointed 2004-12-17
View their other companies + combined net worth →
Active
CARDALE, Thomas Arthur→
director · ~76y · appointed 2001-10-24
View their other companies + combined net worth →
Active
LEDINGHAM CHALMERS→
corporate-nominee-secretary · appointed 2001-10-22 · resigned 2006-04-03
Resigned
DURANO LIMITED→
corporate-nominee-director · appointed 2001-10-22 · resigned 2001-10-24
Resigned

Click a director name to see their full track record across all companies.

Recent filings (47 total)

gazette-dissolved-voluntary
gazette · GAZ2(A)
2016-03-01
gazette-notice-voluntary
gazette · GAZ1(A)
2015-12-15
dissolution-application-strike-off-company
dissolution · DS01
2015-12-03
accounts-with-accounts-type-total-exemption-small
accounts · AA
2015-06-01
change-account-reference-date-company-current-extended
accounts · AA01
2014-12-03
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2014-11-13
accounts-with-accounts-type-total-exemption-small
accounts · AA
2014-05-01
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2013-11-08
accounts-with-accounts-type-total-exemption-small
accounts · AA
2013-04-16
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2012-11-13
accounts-with-accounts-type-total-exemption-small
accounts · AA
2012-04-25
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2011-11-03
accounts-with-accounts-type-total-exemption-small
accounts · AA
2011-06-27
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2010-11-02
accounts-with-accounts-type-total-exemption-small
accounts · AA
2010-04-07