LIQUID LEISURE (SCOTLAND) LIMITED

⚰️Wound downdissolved
SC266209 · ltd · incorporated 2004-04-08
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 19.1y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
59/100
Worth a look
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What this business does
Primary activity: SIC 5540
Sector: Accommodation & food service
Investor take
Pass (distressed without resilience)
Distressed unclear — structural issues outweigh the discount.

Opportunity 59/100 (worth a look), bankability 70/100. High owner-dependency — earn-out structure likely required for clean transition. 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 (58/100).

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 19.1y

50/100
clean up first

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

  • · Oldest live charge is 19.1 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · 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
0
Lenders & charges
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
9 officers (1 active, 9 linked, 4 with DOB)
79
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
4 connected companies via shared directors
57
Filing history
43 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
59/100Worth 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
60
Some acquirability indicators.
Risk profile
67
Some moderate concerns — review flags.
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 (46 events)Click to expand
  1. 2011-07-15
    📄
    gazette-dissolved-voluntary
    gazette · GAZ2(A)
  2. 2011-07-15
    🏁
    Company dissolved
  3. 2011-01-28
    📄
    gazette-notice-voluntary
    gazette · GAZ1(A)
  4. 2011-01-18
    📄
    dissolution-application-strike-off-company
    dissolution · DS01
  5. 2010-08-06
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  6. 2010-07-31
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  7. 2010-07-29
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  8. 2010-07-29
    📄
    termination-director-company-with-name
    officers · TM01
  9. 2010-05-17
    📄
    termination-secretary-company-with-name
    officers · TM02
  10. 2009-12-01
    ➖
    DONALDSON, Iain Ross resigned
    secretary
  11. 2009-12-01
    ➖
    DONALDSON, Iain Ross resigned
    director
  12. 2009-10-19
    📄
    appoint-person-director-company-with-name
    officers · AP01
  13. 2009-10-19
    📄
    appoint-person-secretary-company-with-name
    officers · AP03
  14. 2009-10-16
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  15. 2009-10-16
    📍
    change-registered-office-address-company-with-date-old-address
    address · AD01
  16. 2009-09-28
    📄
    legacy
    officers · 288c
  17. 2009-07-17
    📄
    legacy
    officers · 288b
  18. 2009-07-17
    📄
    legacy
    officers · 288b
  19. 2009-06-23
    ➕
    BOYLE, Mark appointed
    director
  20. 2009-06-23
    ➕
    DONALDSON, Iain Ross appointed
    secretary
  21. 2009-06-22
    ➖
    DONALDSON, Iain Ross resigned
    secretary
  22. 2009-06-22
    ➖
    BOLGER, James resigned
    director
  23. 2009-06-09
    📄
    accounts-with-made-up-date
    accounts · AA
  24. 2009-06-02
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  25. 2009-06-01
    📄
    legacy
    annual-return · 363a
  26. 2009-04-16
    📍
    legacy
    address · 287
  27. 2009-03-06
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  28. 2008-05-29
    📄
    accounts-with-made-up-date
    accounts · AA
  29. 2007-09-05
    📄
    accounts-with-made-up-date
    accounts · AA
  30. 2007-07-13
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  31. 2007-07-13
    📄
    legacy
    annual-return · 363s
  32. 2007-07-04
    📄
    legacy
    mortgage · 410(Scot)
  33. 2007-06-28
    🔒
    Charge registered #2
    Lender: Clydesdale Bank Public Limited Company
  34. 2007-05-01
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  35. 2007-01-22
    ➖
    DONALDSON, Dianne Isabella resigned
    secretary
  36. 2007-01-22
    ➕
    DONALDSON, Iain Ross appointed
    secretary
  37. 2007-01-22
    ➕
    BOLGER, James appointed
    director
  38. 2004-08-20
    ➕
    DONALDSON, Dianne Isabella appointed
    secretary
  39. 2004-08-20
    ➖
    DONALDSON, Iain Ross resigned
    secretary
  40. 2004-08-20
    ➖
    HEGARTY, Brendan resigned
    director
  41. 2004-04-08
    🏢
    Company incorporated
    As LIQUID LEISURE (SCOTLAND) LIMITED
  42. 2004-04-08
    ➕
    DONALDSON, Iain Ross appointed
    secretary
  43. 2004-04-08
    ➕
    OSWALDS OF EDINBURGH LIMITED appointed
    corporate-nominee-secretary
  44. 2004-04-08
    ➖
    OSWALDS OF EDINBURGH LIMITED resigned
    corporate-nominee-secretary
  45. 2004-04-08
    ➕
    DONALDSON, Iain Ross appointed
    director
  46. 2004-04-08
    ➕
    HEGARTY, Brendan appointed
    director

Owner dependency

85/100
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 17 years — deep operational knowledge concentrated in one person.

Succession & seller-readiness

68/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondary12+ year tenure: Director in role 17 years.
  • 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 2011-07-15

🔒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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————22y8364y
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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
Incorporated2004-04-08
Jurisdictionscotland
Primary SIC5540 — SIC 5540

Registered office

17 Partick Bridge Street
Partick
Glasgow
G11 6PN

Filing status

Accounts
Next due: —
Last made up to: 2009-04-30
Confirmation statement
Next due: —
Last: —

Officers (0 active · 8 resigned)

BOYLE, Mark→
director · ~52y · appointed 2009-06-23
View their other companies + combined net worth →
Active
DONALDSON, Dianne Isabella→
secretary · appointed 2004-08-20 · resigned 2007-01-22
Resigned
DONALDSON, Iain Ross→
secretary · appointed 2009-06-23 · resigned 2009-12-01
Resigned
DONALDSON, Iain Ross→
secretary · appointed 2007-01-22 · resigned 2009-06-22
Resigned
DONALDSON, Iain Ross→
secretary · appointed 2004-04-08 · resigned 2004-08-20
Resigned
OSWALDS OF EDINBURGH LIMITED→
corporate-nominee-secretary · appointed 2004-04-08 · resigned 2004-04-08
Resigned
BOLGER, James→
director · ~59y · appointed 2007-01-22 · resigned 2009-06-22
Resigned
DONALDSON, Iain Ross→
director · ~59y · appointed 2004-04-08 · resigned 2009-12-01
Resigned
HEGARTY, Brendan→
director · ~56y · appointed 2004-04-08 · resigned 2004-08-20
Resigned

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

Mortgages & charges

2
Total charges
2
Outstanding
2
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
Virgin Money
Clydesdale Bank Public Limited Company
Floating charge1 property28/06/2007—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property01/05/2007—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (43 total)

gazette-dissolved-voluntary
gazette · GAZ2(A)
2011-07-15
gazette-notice-voluntary
gazette · GAZ1(A)
2011-01-28
dissolution-application-strike-off-company
dissolution · DS01
2011-01-18
gazette-notice-compulsory
gazette · GAZ1
2010-08-06
gazette-filings-brought-up-to-date
gazette · DISS40
2010-07-31
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2010-07-29
termination-director-company-with-name
officers · TM01
2010-07-29
termination-secretary-company-with-name
officers · TM02
2010-05-17
appoint-person-director-company-with-name
officers · AP01
2009-10-19
appoint-person-secretary-company-with-name
officers · AP03
2009-10-19
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2009-10-16
change-registered-office-address-company-with-date-old-address
address · AD01
2009-10-16
legacy
officers · 288c
2009-09-28
legacy
officers · 288b
2009-07-17
legacy
officers · 288b
2009-07-17