KINASOURCE LIMITED

⚰️Wound downdissolved
SC230633 · ltd · incorporated 2002-04-22
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 23.6y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Jun 2017
Net worth
—
book net assets
Opportunity
64/100
Worth a look
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What this business does
Primary activity: Other research and experimental development on natural sciences and engineering
Sector: Professional, scientific & technical
Investor take
Pass (distressed without resilience)
Distressed unclear — structural issues outweigh the discount.

Opportunity 64/100 (worth a look), bankability 75/100. Strong seller-intent signal (65/100, director aged 59). 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 (73/100).

🏦

Refinance opportunity

1 live charge · oldest 23.6y

65/100
clean up first

Refinance viable after a tidy-up — address the highlighted items first.

  • · Oldest live charge is 23.6 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (68/100)

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
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
5 officers (1 active, 5 linked, 1 with DOB)
74
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
53 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
64/100Worth 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
100
Good data coverage for analysis.

Key financials

1 year extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2017-06-30

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

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
  1. 2017-10-10
    📄
    gazette-dissolved-voluntary
    gazette · GAZ2(A)
  2. 2017-10-10
    🏁
    Company dissolved
  3. 2017-07-27
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  4. 2017-07-25
    📄
    gazette-notice-voluntary
    gazette · GAZ1(A)
  5. 2017-07-13
    📄
    dissolution-application-strike-off-company
    dissolution · DS01
  6. 2016-09-08
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  7. 2016-04-25
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  8. 2015-09-14
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  9. 2015-04-24
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  10. 2015-04-24
    📄
    change-person-director-company-with-change-date
    officers · CH01
  11. 2014-11-21
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  12. 2014-04-25
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  13. 2013-09-18
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  14. 2013-04-23
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  15. 2012-12-14
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2012-04-26
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  17. 2011-12-08
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  18. 2011-04-28
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  19. 2011-04-28
    📄
    termination-secretary-company-with-name
    officers · TM02
  20. 2011-04-22
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  21. 2010-07-01
    ➖
    DIKOVSKAYA, Dina, Dr resigned
    secretary
  22. 2010-04-22
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  23. 2010-04-22
    📄
    change-person-director-company-with-change-date
    officers · CH01
  24. 2010-03-25
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  25. 2009-04-23
    📄
    legacy
    annual-return · 363a
  26. 2009-03-31
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  27. 2006-11-08
    ➕
    DIKOVSKAYA, Dina, Dr appointed
    secretary
  28. 2006-11-08
    ➖
    EVANS, David Eric resigned
    secretary
  29. 2002-10-04
    🔒
    Charge registered #1
    Lender: The Governor and Company of the Bank of Scotland
  30. 2002-07-01
    ➕
    EVANS, David Eric appointed
    secretary
  31. 2002-07-01
    ➖
    MESSRS THORNTONS WS resigned
    corporate-nominee-secretary
  32. 2002-06-25
    ➕
    KNEBEL, Axel, Dr appointed
    director
  33. 2002-06-25
    ➖
    HUTCHESON, Iain Henderson resigned
    nominee-director
  34. 2002-04-22
    🏢
    Company incorporated
    As KINASOURCE LIMITED
  35. 2002-04-22
    ➕
    MESSRS THORNTONS WS appointed
    corporate-nominee-secretary
  36. 2002-04-22
    ➕
    HUTCHESON, Iain Henderson appointed
    nominee-director

Owner dependency

93/100
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
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +Long-tenure founder: Senior director has been in place 24 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 59 — approaching natural succession window.

Succession & seller-readiness

85/100
Likely off-market candidate

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

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 59. Early succession window.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • primary20+ year tenure: Director in role 24 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 24 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 2017-10-10

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Dr Axel Knebel
Individual · German · DOB 05/1967 · age 59
75–100%
—75-100% 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

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.

See pricing →

Company details

Statusdissolved
Typeltd
Incorporated2002-04-22
Jurisdictionscotland
Primary SIC72190 — Other research and experimental development on natural sciences and engineering

Registered office

James Black Centre
Dow Street
Dundee
Tayside
DD1 5EH

Filing status

Accounts
Next due: —
Last made up to: 2017-06-30
Confirmation statement
Next due: —
Last: —

Officers (0 active · 4 resigned)

KNEBEL, Axel, Dr→
director · ~59y · appointed 2002-06-25
View their other companies + combined net worth →
Active
DIKOVSKAYA, Dina, Dr→
secretary · appointed 2006-11-08 · resigned 2010-07-01
Resigned
EVANS, David Eric→
secretary · appointed 2002-07-01 · resigned 2006-11-08
Resigned
MESSRS THORNTONS WS→
corporate-nominee-secretary · appointed 2002-04-22 · resigned 2002-07-01
Resigned
HUTCHESON, Iain Henderson→
nominee-director · appointed 2002-04-22 · resigned 2002-06-25
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 property04/10/2002—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (53 total)

gazette-dissolved-voluntary
gazette · GAZ2(A)
2017-10-10
accounts-with-accounts-type-dormant
accounts · AA
2017-07-27
gazette-notice-voluntary
gazette · GAZ1(A)
2017-07-25
dissolution-application-strike-off-company
dissolution · DS01
2017-07-13
confirmation-statement-with-updates
confirmation-statement · CS01
2017-04-26
accounts-with-accounts-type-dormant
accounts · AA
2016-09-08
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2016-04-25
accounts-with-accounts-type-total-exemption-small
accounts · AA
2015-09-14
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2015-04-24
change-person-director-company-with-change-date
officers · CH01
2015-04-24
accounts-with-accounts-type-total-exemption-small
accounts · AA
2014-11-21
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2014-04-25
accounts-with-accounts-type-total-exemption-small
accounts · AA
2013-09-18
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2013-04-23
accounts-with-accounts-type-total-exemption-small
accounts · AA
2012-12-14