INNOVATE INT LTD
⚰️Wound downdissolved
SC266531 · ltd · incorporated 2004-04-15
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
56/100
Worth a look
What this business does
Primary activity: Construction of other civil engineering projects n.e.c.
Sector: Construction
ALSO REGISTERED FOR
- 71129Other engineering activities
Investor take
Pass (distressed without resilience)Distressed unclear — structural issues outweigh the discount.
Opportunity 56/100 (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).
Data confidence
Overall: medium (55/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Company profile
address, 2 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
Confirmed no charges registered
85
Directors & officers
6 officers (2 active, 6 linked, 3 with DOB)
80
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
57 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
56/100Worth 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
55
Some acquirability indicators.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
90
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 (32 events)Click to expand
- 2021-09-07📄gazette-dissolved-voluntarygazette · GAZ2(A)
- 2021-09-07🏁Company dissolved
- 2021-06-22📄gazette-notice-voluntarygazette · GAZ1(A)
- 2021-06-15📄dissolution-application-strike-off-companydissolution · DS01
- 2021-04-19📄accounts-with-accounts-type-dormantaccounts · AA
- 2020-07-23📄accounts-with-accounts-type-dormantaccounts · AA
- 2020-07-15📄change-person-director-company-with-change-dateofficers · CH01
- 2020-07-15📄change-person-secretary-company-with-change-dateofficers · CH03
- 2020-07-15📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2019-11-21📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2019-11-20📄termination-director-company-with-name-termination-dateofficers · TM01
- 2019-11-20📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2019-11-08📄resolutionresolution · RESOLUTIONS
- 2019-11-07➖WELSH, John Bain resigneddirector
- 2019-11-07📄change-person-director-company-with-change-dateofficers · CH01
- 2019-11-07📄change-person-secretary-company-with-change-dateofficers · CH03
- 2019-06-28📄accounts-with-accounts-type-dormantaccounts · AA
- 2018-06-14📄accounts-with-accounts-type-dormantaccounts · AA
- 2017-06-29📄accounts-with-accounts-type-dormantaccounts · AA
- 2016-05-03📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2016-04-15📄accounts-with-accounts-type-dormantaccounts · AA
- 2015-05-14📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2015-04-15➕WELSH, Michael Thomson appointedsecretary
- 2015-04-15➕WELSH, Michael Thomson appointeddirector
- 2015-04-15➖WELSH, Martin James resignedsecretary
- 2015-04-15➖WELSH, Martin James resigneddirector
- 2004-04-15🏢Company incorporatedAs INNOVATE INT LTD
- 2004-04-15➕WELSH, Martin James appointedsecretary
- 2004-04-15➕OSWALDS OF EDINBURGH LIMITED appointedcorporate-nominee-secretary
- 2004-04-15➖OSWALDS OF EDINBURGH LIMITED resignedcorporate-nominee-secretary
- 2004-04-15➕WELSH, John Bain appointeddirector
- 2004-04-15➕WELSH, Martin James appointeddirector
Owner dependency
75/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Sole director: Only one active director — all governance concentrated on one person.
Succession & seller-readiness
60/100
Strong succession signalMultiple 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.
- 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
highCompany has been dissolved — it no longer legally exists. Any diligence here is historical only.
Evidence: Dissolved on 2021-09-07
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Michael Thomson Welsh Individual · British · DOB 09/1970 · age 56 | 75–100% | — | 75-100% shares | 07/11/2019 |
1 historic (ceased) PSC
- Mr John Bain Welshceased 07/11/2019· significant influence
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
🔒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 J H BUILDERS LTD→ SC252729 · est 2003 · no financials extracted | — | — | — | — | 22y | — | — |
| ABELRESOURCES LTD→ SC577672 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| ABLE DECORATORS & PLASTERING LIMITED→ SC603000 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| ADVANCED ROOF SOLUTIONS AYRSHIRE LIMITED→ SC744446 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| AFTON VALLEY JOINERS LTD→ SC866634 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| AIRD WALKER & RALSTON LIMITED→ SC020812 · est 1939 · no financials extracted | — | — | — | — | 87y | — | — |
| AKM ELECTRICALS LIMITED→ SC460446 · est 2013 · no financials extracted | — | — | — | — | 12y | — | — |
| ALATYR CONSTRUCTION SERVICES LTD→ SC839788 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| ALDERBANK CONTRACTORS LIMITED→ SC240480 · est 2002 · no financials extracted | — | — | — | — | 23y | — | — |
| ALEX ADAM & SON LIMITED→ SC483389 · est 2014 · no financials extracted | — | — | — | — | 11y | — | — |
| ALL SUN SOLAR SYSTEMS LIMITED→ SC811933 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| ALL-TEC JOINERS BUILDERS LIMITED→ SC878522 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
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
Incorporated2004-04-15
Jurisdictionscotland
Primary SIC42990 — Construction of other civil engineering projects n.e.c.
Registered office
32a Hamilton Street
Saltcoats
KA21 5DS
Filing status
Accounts
Next due: —
Last made up to: 2020-09-30
Confirmation statement
Next due: —
Last: —
Officers (0 active · 4 resigned)
WELSH, Michael Thomson→
Activesecretary · appointed 2015-04-15
View their other companies + combined net worth →
WELSH, Michael Thomson→
Activedirector · ~56y · appointed 2015-04-15
View their other companies + combined net worth →
WELSH, Martin James→
Resignedsecretary · appointed 2004-04-15 · resigned 2015-04-15
OSWALDS OF EDINBURGH LIMITED→
Resignedcorporate-nominee-secretary · appointed 2004-04-15 · resigned 2004-04-15
WELSH, John Bain→
Resigneddirector · ~84y · appointed 2004-04-15 · resigned 2019-11-07
WELSH, Martin James→
Resigneddirector · ~62y · appointed 2004-04-15 · resigned 2015-04-15
Click a director name to see their full track record across all companies.
Recent filings (57 total)
gazette-dissolved-voluntary
gazette · GAZ2(A)
2021-09-07
gazette-notice-voluntary
gazette · GAZ1(A)
2021-06-22
dissolution-application-strike-off-company
dissolution · DS01
2021-06-15
accounts-with-accounts-type-dormant
accounts · AA
2021-04-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-04-16
accounts-with-accounts-type-dormant
accounts · AA
2020-07-23
change-person-director-company-with-change-date
officers · CH01
2020-07-15
change-person-secretary-company-with-change-date
officers · CH03
2020-07-15
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2020-07-15
confirmation-statement-with-updates
confirmation-statement · CS01
2020-01-22
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2019-11-21
termination-director-company-with-name-termination-date
officers · TM01
2019-11-20
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2019-11-20
resolution
resolution · RESOLUTIONS
2019-11-08
change-person-director-company-with-change-date
officers · CH01
2019-11-07