BORDER RETAIL STORES LIMITED

⚰️Wound downdissolved

SC261994 · ltd · incorporated 2004-01-15

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 22.1y old — refinance window within 12 months

🔒Estimated value

—

Upgrade to see

Turnover

—

not disclosed

Net worth

—

book net assets

Opportunity

64/100

Worth a look

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What this business does

Primary activity: SIC 99999

Sector: Extraterritorial bodies

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 (78/100, director aged 79). 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).

🏦

Refinance opportunity

1 live charge · oldest 22.1y

65/100

clean up first

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

· Oldest live charge is 22.1 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: low (49/100)

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

Lenders & charges

1 charges (1/1 with lender, 1/1 with type)

Directors & officers

7 officers (3 active, 7 linked, 4 with DOB)

Ownership & PSC

No PSCs filed (unusual — worth investigating)

Director network

4 connected companies via shared directors

Filing history

46 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

64/100Worth a look

PassWatchWorth a lookStrongExceptional

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

Business quality

Concerning — overdue filings or status flags present.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Some moderate concerns — review flags.

Signal strength

100

Good data coverage for analysis.

Recent activity

Last 30 days

filings

Last 90 days

filings

Last 180 days

filings

Counts from Companies House filing history.

Corporate timeline (39 events)Click to expand

2014-08-29
📄
gazette-dissolved-voluntary
gazette · GAZ2(A)
2014-08-29
🏁
Company dissolved
2014-05-09
📄
gazette-notice-voluntary
gazette · GAZ1(A)
2014-04-29
📄
dissolution-application-strike-off-company
dissolution · DS01
2014-02-11
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2013-12-21
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2013-07-05
📍
change-registered-office-address-company-with-date-old-address
address · AD01
2013-06-28
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2013-02-12
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2012-05-07
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2012-05-07
📄
change-person-director-company-with-change-date
officers · CH01
2012-05-07
📄
change-person-director-company-with-change-date
officers · CH01
2012-03-22
📍
change-registered-office-address-company-with-date-old-address
address · AD01
2012-01-09
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2011-01-31
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2011-01-06
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2010-02-02
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2010-01-19
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2010-01-19
📄
change-person-director-company-with-change-date
officers · CH01
2010-01-19
📄
change-person-director-company-with-change-date
officers · CH01
2010-01-19
📄
change-corporate-secretary-company-with-change-date
officers · CH04
2009-03-11
📄
legacy
annual-return · 363a
2009-03-11
📍
legacy
address · 287
2009-03-11
📄
legacy
officers · 288c
2009-01-15
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2008-02-09
📄
legacy
annual-return · 363s
2007-11-05
➖
MCDOUGALL, Alastair Douglas resigned
director
2005-12-13
➖
MCCUSKER, George resigned
director
2004-03-08
🔒
Charge registered #1
Lender: The Royal Bank of Scotland PLC
2004-02-25
➕
MORISONS SECRETARIES LIMITED appointed
corporate-secretary
2004-02-25
➖
STISI, Anthony Arthur resigned
secretary
2004-02-20
➕
MCDOUGALL, Alastair Douglas appointed
director
2004-01-15
🏢
Company incorporated
As BORDER RETAIL STORES LIMITED
2004-01-15
➕
STISI, Anthony Arthur appointed
director
2004-01-15
➕
WALSH, Eileen appointed
director
2004-01-15
➕
STISI, Anthony Arthur appointed
secretary
2004-01-15
➕
OSWALDS OF EDINBURGH LIMITED appointed
corporate-nominee-secretary
2004-01-15
➖
OSWALDS OF EDINBURGH LIMITED resigned
corporate-nominee-secretary
2004-01-15
➕
MCCUSKER, George appointed
director

Owner dependency

83/100

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 22 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 79 — succession pressure is live.

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 79 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 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

1 high ·

Company dissolved

high

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

Evidence: Dissolved on 2014-08-29

🔒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.

See pricing →

Company details

Statusdissolved

Typeltd

Incorporated2004-01-15

Jurisdictionscotland

Primary SIC99999 — SIC 99999

Registered office

34 North Bridge Street

Hawick

Roxburghshire

TD9 9QT

Filing status

Accounts

Next due: —

Last made up to: 2013-03-31

Confirmation statement

Next due: —

Last: —

Officers (0 active · 4 resigned)

MORISONS SECRETARIES LIMITED→

corporate-secretary · appointed 2004-02-25

View their other companies + combined net worth →

Active

STISI, Anthony Arthur→

director · ~79y · appointed 2004-01-15

View their other companies + combined net worth →

Active

WALSH, Eileen→

director · ~70y · appointed 2004-01-15

View their other companies + combined net worth →

Active

STISI, Anthony Arthur→

secretary · appointed 2004-01-15 · resigned 2004-02-25

Resigned

OSWALDS OF EDINBURGH LIMITED→

corporate-nominee-secretary · appointed 2004-01-15 · resigned 2004-01-15

Resigned

MCCUSKER, George→

director · ~81y · appointed 2004-01-15 · resigned 2005-12-13

Resigned

MCDOUGALL, Alastair Douglas→

director · ~82y · appointed 2004-02-20 · resigned 2007-11-05

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:1 of 1 shown

			Type	Properties
	outstanding	Lloyds Banking Group The Royal Bank of Scotland PLC	Bond & floating charge	1 property	08/03/2004	—

Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (46 total)

gazette-dissolved-voluntary

gazette · GAZ2(A)

2014-08-29

gazette-notice-voluntary

gazette · GAZ1(A)

2014-05-09

dissolution-application-strike-off-company

dissolution · DS01

2014-04-29

annual-return-company-with-made-up-date-full-list-shareholders

annual-return · AR01

2014-02-11

accounts-with-accounts-type-total-exemption-small

accounts · AA

2013-12-21

change-registered-office-address-company-with-date-old-address

address · AD01

2013-07-05

accounts-with-accounts-type-total-exemption-small

accounts · AA

2013-06-28

annual-return-company-with-made-up-date-full-list-shareholders

annual-return · AR01

2013-02-12

annual-return-company-with-made-up-date-full-list-shareholders

annual-return · AR01

2012-05-07

change-person-director-company-with-change-date

officers · CH01

2012-05-07

change-person-director-company-with-change-date

officers · CH01

2012-05-07

change-registered-office-address-company-with-date-old-address

address · AD01

2012-03-22

accounts-with-accounts-type-total-exemption-small

accounts · AA

2012-01-09

annual-return-company-with-made-up-date-full-list-shareholders

annual-return · AR01

2011-01-31

accounts-with-accounts-type-total-exemption-small

accounts · AA

2011-01-06