MACDONALD FORMWORK LIMITED
⚰️Wound downdissolved
SC240499 · ltd · incorporated 2002-12-03
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 22.5y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
53/100
Worth a look
What this business does
Primary activity: SIC 4521
Sector: Wholesale & retail
Investor take
Pass (distressed without resilience)Distressed unclear — structural issues outweigh the discount.
Opportunity 53/100 (worth a look), bankability 55/100. Strong seller-intent signal (78/100, director aged 68). 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 (58/100). Current lenders should be on monthly review.
🏦
Refinance opportunity
1 live charge · oldest 22.5y
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 22.5 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Legal-friction score 45/100 (high).
Data confidence
Overall: low (48/100)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
5 officers (2 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
30 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
53/100Worth 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
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 (36 events)Click to expand
- 2013-05-25⚠️gazette-dissolved-liquidationgazette · GAZ2
- 2013-05-25🏁Company dissolved
- 2013-02-25⚠️liquidation-compulsory-return-of-final-meeting-scotlandinsolvency · 4.17(Scot)
- 2010-02-18⚠️liquidation-compulsory-notice-winding-up-scotlandinsolvency · CO4.2(Scot)
- 2010-02-18⚠️liquidation-compulsory-winding-up-order-scotlandinsolvency · 4.2(Scot)
- 2010-02-18📍change-registered-office-address-company-with-date-old-addressaddress · AD01
- 2009-11-03📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2009-01-24📄legacyannual-return · 363a
- 2008-11-06📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2007-11-21📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2006-12-07📄legacyannual-return · 363s
- 2006-09-20📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2006-01-11📄legacyannual-return · 363s
- 2005-10-27📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2005-10-19📍legacyaddress · 287
- 2005-06-27📍legacyaddress · 287
- 2004-12-15📍legacyaddress · 287
- 2004-12-12📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2004-11-26📄legacyannual-return · 363s
- 2004-01-12📄legacyannual-return · 363s
- 2004-01-12📄legacyannual-return · 363(288)
- 2004-01-12📄legacyannual-return · 363(287)
- 2003-12-03📄legacyofficers · 288a
- 2003-12-03📄legacyofficers · 288b
- 2003-12-03📍legacyaddress · 287
- 2003-10-18📄legacymortgage · 410(Scot)
- 2003-10-06🔒Charge registered #1Lender: The Governor and Company of the Bank of Scotland
- 2003-09-19➕JM TAYLOR LIMITED appointedcorporate-secretary
- 2003-09-19➖ADD ACCOUNTANCY LIMITED resignedcorporate-secretary
- 2003-05-01➕ADD ACCOUNTANCY LIMITED appointedcorporate-secretary
- 2003-05-01➖J M TAYLOR resignedcorporate-nominee-secretary
- 2002-12-12➖SIMMERS, Jamie Jan resignednominee-director
- 2002-12-03🏢Company incorporatedAs MACDONALD FORMWORK LIMITED
- 2002-12-03➕MACDONALD, Iain appointeddirector
- 2002-12-03➕J M TAYLOR appointedcorporate-nominee-secretary
- 2002-12-03➕SIMMERS, Jamie Jan appointednominee-director
Owner dependency
100/100
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
- +Sole director: Only one active director — all governance concentrated on one person.
- +Founder name in company name: Company name contains director surname "MACDONALD" — strong identity link between founder and business.
- +Long-tenure founder: Senior director has been in place 23 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 68 — succession pressure is live.
Succession & seller-readiness
95/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 63+: Senior director is approximately 68. Approaching typical UK retirement age — succession thinking likely.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- primary20+ year tenure: Director in role 23 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 23 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
highCompany has been dissolved — it no longer legally exists. Any diligence here is historical only.
Evidence: Dissolved on 2013-05-25
4 insolvency-related filings on record
highFilings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2013-05-25: gazette-dissolved-liquidation; 2013-02-25: liquidation-compulsory-return-of-final-meeting-scotland
🔒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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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
Incorporated2002-12-03
Jurisdictionscotland
Primary SIC4521 — SIC 4521
Registered office
16 Carden Place
Aberdeen
AB10 1FX
Filing status
Accounts
Next due: —
Last made up to: 2008-12-31
Confirmation statement
Next due: —
Last: —
Officers (0 active · 3 resigned)
JM TAYLOR LIMITED→
Activecorporate-secretary · appointed 2003-09-19
View their other companies + combined net worth →
MACDONALD, Iain→
Activedirector · ~68y · appointed 2002-12-03
View their other companies + combined net worth →
ADD ACCOUNTANCY LIMITED→
Resignedcorporate-secretary · appointed 2003-05-01 · resigned 2003-09-19
J M TAYLOR→
Resignedcorporate-nominee-secretary · appointed 2002-12-03 · resigned 2003-05-01
SIMMERS, Jamie Jan→
Resignednominee-director · ~48y · appointed 2002-12-03 · resigned 2002-12-12
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
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Bond & floating charge | 1 property | 06/10/2003 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (30 total)
gazette-dissolved-liquidation
gazette · GAZ2
2013-05-25
liquidation-compulsory-return-of-final-meeting-scotland
insolvency · 4.17(Scot)
2013-02-25
liquidation-compulsory-notice-winding-up-scotland
insolvency · CO4.2(Scot)
2010-02-18
liquidation-compulsory-winding-up-order-scotland
insolvency · 4.2(Scot)
2010-02-18
change-registered-office-address-company-with-date-old-address
address · AD01
2010-02-18
accounts-with-accounts-type-total-exemption-small
accounts · AA
2009-11-03
legacy
annual-return · 363a
2009-01-24
accounts-with-accounts-type-total-exemption-small
accounts · AA
2008-11-06
accounts-with-accounts-type-total-exemption-small
accounts · AA
2007-11-21
legacy
annual-return · 363s
2006-12-07
accounts-with-accounts-type-total-exemption-small
accounts · AA
2006-09-20
legacy
annual-return · 363s
2006-01-11
accounts-with-accounts-type-total-exemption-small
accounts · AA
2005-10-27
legacy
address · 287
2005-10-19
legacy
address · 287
2005-06-27