FM WESTERN HARBOUR LIMITED
⚰️Wound downdissolved
SC258693 · ltd · incorporated 2003-11-04
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
41/100
Watch
What this business does
Primary activity: SIC 7487
Sector: Professional, scientific & technical
Investor take
Pass (distressed without resilience)Distressed unclear — structural issues outweigh the discount.
Opportunity 41/100 (watch), bankability 32/100. 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. 5 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: asset disposal / carve-out (55/100). Current lenders should be on monthly review.
🏦
Refinance opportunity
8 live charges · 5 lenders · oldest 22.4y
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 22.4 years old — likely at or near maturity.
- · 5 lenders named — inter-creditor friction likely.
- · Legal-friction score 55/100 (high).
Data confidence
Overall: low (51/100)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
8 charges (8/8 with lender, 8/8 with type)
90
Directors & officers
8 officers (1 active, 8 linked, 4 with DOB)
80
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
10 connected companies via shared directors
75
Filing history
46 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
41/100Watch
PassWatchWorth a lookStrongExceptional
Not actionable now, but monitor — distressed, succession, or structural changes could flip this into a real opportunity.
Business quality
0
Concerning — overdue filings or status flags present.
Acquirability
60
Some acquirability indicators.
Risk profile
38
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 (53 events)Click to expand
- 2017-07-12⚠️gazette-dissolved-liquidationgazette · GAZ2
- 2017-07-12🏁Company dissolved
- 2017-04-12⚠️liquidation-compulsory-return-of-final-meeting-scotlandinsolvency · 4.17(Scot)
- 2011-05-04📍change-registered-office-address-company-with-date-old-addressaddress · AD01
- 2010-08-11⚠️liquidation-compulsory-notice-winding-up-scotlandinsolvency · CO4.2(Scot)
- 2010-08-11⚠️liquidation-compulsory-winding-up-order-scotlandinsolvency · 4.2(Scot)
- 2010-06-01📄accounts-with-accounts-type-smallaccounts · AA
- 2010-05-26📄termination-secretary-company-with-nameofficers · TM02
- 2010-05-18➖LURRING, Robert Graeme resignedsecretary
- 2010-03-16📄resolutionresolution · RESOLUTIONS
- 2010-03-16📄resolutionresolution · RESOLUTIONS
- 2010-01-22📄appoint-person-secretary-company-with-nameofficers · AP03
- 2010-01-22📄termination-secretary-company-with-nameofficers · TM02
- 2010-01-22📄termination-director-company-with-nameofficers · TM01
- 2010-01-22📄termination-director-company-with-nameofficers · TM01
- 2010-01-22📄termination-director-company-with-nameofficers · TM01
- 2010-01-07➕LURRING, Robert Graeme appointedsecretary
- 2010-01-07➖MILNE, Jonathon Alexander resignedsecretary
- 2010-01-07➖FORBES, John Inglis resigneddirector
- 2010-01-07➖MILNE, John Todd resigneddirector
- 2010-01-07➖MILNE, Richard Todd resigneddirector
- 2009-11-18📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2009-07-09📄auditors-resignation-companyauditors · AUD
- 2009-07-01📄accounts-with-accounts-type-fullaccounts · AA
- 2009-03-26📄legacyofficers · 288a
- 2009-03-26📄legacymortgage · 419a(Scot)
- 2009-03-26📄legacymortgage · 419a(Scot)
- 2009-03-25➕MILNE, Richard Todd appointeddirector
- 2009-03-25🔓Charge satisfied #5
- 2009-03-25🔓Charge satisfied #2
- 2009-02-20📄legacyannual-return · 363a
- 2008-07-02📄accounts-with-accounts-type-fullaccounts · AA
- 2007-11-14📄legacyannual-return · 363s
- 2007-11-07📄legacymortgage · 410(Scot)
- 2007-10-29🔒Charge registered #8Lender: Anglo Irish Bank Corporation PLC
- 2007-02-19📄accounts-with-accounts-type-fullaccounts · AA
- 2007-01-26🔒Charge registered #7Lender: Anglo Irish Asset Finance PLC
- 2005-12-22🔒Charge registered #6Lender: Anglo Irish Asset Finance PLC
- 2005-01-05🔒Charge registered #5Lender: Forth Property Developments Limited
- 2005-01-05🔒Charge registered #4Lender: Anglo Irish Asset Finance PLC
- 2004-12-24🔓Charge satisfied #1
- 2004-12-14🔒Charge registered #3Lender: Anglo Asset Finance PLC
- 2004-01-05🔒Charge registered #2Lender: Forth Property Developments Limited
- 2003-11-24🔒Charge registered #1Lender: The Governor and Company of the Bank of Scotland
- 2003-11-04🏢Company incorporatedAs FM WESTERN HARBOUR LIMITED
- 2003-11-04➕MILNE, Jonathon Alexander appointeddirector
- 2003-11-04➕MILNE, Jonathon Alexander appointedsecretary
- 2003-11-04➕DAVIDSON CHALMERS (SECRETARIAL SERVICES) LIMITED appointedcorporate-secretary
- 2003-11-04➖DAVIDSON CHALMERS (SECRETARIAL SERVICES) LIMITED resignedcorporate-secretary
- 2003-11-04➕FORBES, John Inglis appointeddirector
Showing most recent 50 of 53 events
Owner dependency
85/100
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.
- +Long-tenure founder: Senior director has been in place 22 years — deep operational knowledge concentrated in one person.
Succession & seller-readiness
75/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- primary20+ year tenure: Director in role 22 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 22 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 · 1 lowCompany dissolved
highCompany has been dissolved — it no longer legally exists. Any diligence here is historical only.
Evidence: Dissolved on 2017-07-12
4 insolvency-related filings on record
highFilings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2017-07-12: gazette-dissolved-liquidation; 2017-04-12: liquidation-compulsory-return-of-final-meeting-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.
5 live charges
lowHeavily leveraged with multiple live security positions — understand the capital structure before proceeding.
🔒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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|---|---|---|---|---|---|---|---|
| A F MACARTHUR CONSULTANCY LTD→ SC810187 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| ACCOUNTANCY SCOTLAND (BORDERS) LIMITED→ SC699121 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| ACCOUNTANCY SCOTLAND (PERTH AND KINROSS) LIMITED→ SC678737 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| ACCOUNTANCY SOFTWARE LIMITED→ SC699198 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| ACCOUNTANTS PL LTD→ SC552385 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| ACGT LIMITED→ SC827482 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| ACRECOAST LIMITED→ SC238234 · est 2002 · no financials extracted | — | — | — | — | 23y | — | — |
| ACTM HOLDINGS LIMITED→ SC555738 · est 2017 · no financials extracted | — | — | — | — | 9y | — | — |
| ACUMEN (SCOTLAND) LIMITED→ SC238211 · est 2002 · no financials extracted | — | — | — | — | 23y | — | — |
| ADD ACCOUNTING SOLUTIONS LIMITED→ SC575625 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| ADVANCED RACING MANAGEMENT LIMITED→ SC836833 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| ADVANTAGE COACHING AND TRAINING LTD→ SC880334 · est 2026 · 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
Incorporated2003-11-04
Jurisdictionscotland
Primary SIC7487 — SIC 7487
Registered office
Citypoint 65 Haymarket Terrace
Edinburgh
EH12 5HD
Filing status
Accounts
Next due: —
Last made up to: 2009-08-31
Confirmation statement
Next due: —
Last: —
Officers (0 active · 7 resigned)
MILNE, Jonathon Alexander→
Activedirector · ~56y · appointed 2003-11-04
View their other companies + combined net worth →
LURRING, Robert Graeme→
Resignedsecretary · appointed 2010-01-07 · resigned 2010-05-18
MILNE, Jonathon Alexander→
Resignedsecretary · appointed 2003-11-04 · resigned 2010-01-07
DAVIDSON CHALMERS (SECRETARIAL SERVICES) LIMITED→
Resignedcorporate-secretary · appointed 2003-11-04 · resigned 2003-11-04
FORBES, John Inglis→
Resigneddirector · ~79y · appointed 2003-11-04 · resigned 2010-01-07
MILNE, John Todd→
Resigneddirector · ~81y · appointed 2003-11-04 · resigned 2010-01-07
MILNE, Richard Todd→
Resigneddirector · ~55y · appointed 2009-03-25 · resigned 2010-01-07
DAVIDSON CHALMERS (NOMINEES) LIMITED→
Resignedcorporate-nominee-director · appointed 2003-11-04 · resigned 2003-11-04
Click a director name to see their full track record across all companies.
Mortgages & charges
8
Total charges
5
Outstanding
3
Active lenders
Status:Lender:8 of 8 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Anglo Irish Bank Corporation Anglo Irish Bank Corporation PLC | Bond & floating charge | 1 property | 29/10/2007 | — | |
| outstanding | Anglo Irish Asset Finance Anglo Irish Asset Finance PLC | Standard security | 1 property | 26/01/2007 | — | |
| outstanding | Anglo Irish Asset Finance Anglo Irish Asset Finance PLC | Standard security | 1 property | 22/12/2005 | — | |
| satisfied | Forth Property Developments Forth Property Developments Limited | Standard security | 1 property | 05/01/2005 | 25/03/2009 | |
| outstanding | Anglo Irish Asset Finance Anglo Irish Asset Finance PLC | Standard security | 1 property | 05/01/2005 | — | |
| outstanding | Anglo Asset Finance Anglo Asset Finance PLC | Bond & floating charge | 1 property | 14/12/2004 | — | |
| satisfied | Forth Property Developments Forth Property Developments Limited | Standard security | 1 property | 05/01/2004 | 25/03/2009 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Floating charge | 1 property | 24/11/2003 | 24/12/2004 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (46 total)
gazette-dissolved-liquidation
gazette · GAZ2
2017-07-12
liquidation-compulsory-return-of-final-meeting-scotland
insolvency · 4.17(Scot)
2017-04-12
change-registered-office-address-company-with-date-old-address
address · AD01
2011-05-04
liquidation-compulsory-notice-winding-up-scotland
insolvency · CO4.2(Scot)
2010-08-11
liquidation-compulsory-winding-up-order-scotland
insolvency · 4.2(Scot)
2010-08-11
accounts-with-accounts-type-small
accounts · AA
2010-06-01
termination-secretary-company-with-name
officers · TM02
2010-05-26
resolution
resolution · RESOLUTIONS
2010-03-16
resolution
resolution · RESOLUTIONS
2010-03-16
appoint-person-secretary-company-with-name
officers · AP03
2010-01-22
termination-secretary-company-with-name
officers · TM02
2010-01-22
termination-director-company-with-name
officers · TM01
2010-01-22
termination-director-company-with-name
officers · TM01
2010-01-22
termination-director-company-with-name
officers · TM01
2010-01-22
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2009-11-18