THE SIXTH BUSINESS (SCOTLAND) LIMITED
⚰️Wound downdissolved
SC269521 · ltd · incorporated 2004-06-18
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
54/100
Worth a look
What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
Pass (distressed without resilience)Distressed property-backed borrower — structural issues outweigh the discount.
Opportunity 54/100 (worth a look), bankability 50/100. 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: 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 (50/100). Current lenders should be on monthly review.
🏦
Refinance opportunity
4 live charges · 2 lenders · oldest 19.5y
40/100
too messy
Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.
- · Oldest live charge is 19.5 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Legal-friction score 45/100 (high).
Data confidence
Overall: low (46/100)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
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
6 officers (4 active, 6 linked, 4 with DOB)
83
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
Network not yet resolved
30
Filing history
41 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
54/100Worth 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
85
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 (41 events)Click to expand
- 2014-04-30⚠️gazette-dissolved-liquidationgazette · GAZ2
- 2014-04-30🏁Company dissolved
- 2014-01-30⚠️liquidation-voluntary-return-of-final-meeting-scotlandinsolvency · 4.26(Scot)
- 2013-04-09📄legacymortgage · MG02s
- 2013-04-09📄legacymortgage · MG02s
- 2013-04-04🔓Charge satisfied #4
- 2013-04-04🔓Charge satisfied #3
- 2013-03-28📄resolutionresolution · RESOLUTIONS
- 2013-03-28📍change-registered-office-address-company-with-date-old-addressaddress · AD01
- 2013-03-26📍change-registered-office-address-company-with-date-old-addressaddress · AD01
- 2013-03-26📄resolutionresolution · RESOLUTIONS
- 2012-07-17📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2012-06-22📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2011-11-02📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2011-07-08📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2010-10-29📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2010-06-18📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2009-12-01📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2009-06-25📄legacyannual-return · 363a
- 2009-06-25📄legacyofficers · 288c
- 2009-06-25📄legacyofficers · 288c
- 2008-11-19📄legacymortgage · 410(Scot)
- 2008-11-15📄legacymortgage · 410(Scot)
- 2008-11-07🔒Charge registered #4Lender: Abbey National PLC
- 2008-11-07🔒Charge registered #3Lender: Abbey National PLC
- 2008-09-24📄legacyofficers · 288b
- 2008-09-24📄legacyofficers · 288a
- 2008-09-04➕INGRAM, Joan appointedsecretary
- 2008-09-04➖IAIN SMITH & COMPANY resignedcorporate-nominee-secretary
- 2008-08-11📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2008-07-10📄legacyannual-return · 363a
- 2007-11-30📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2006-10-25🔒Charge registered #2Lender: Northern Rock PLC
- 2006-10-25🔒Charge registered #1Lender: Northern Rock PLC
- 2004-07-30➕INGRAM, Joan appointeddirector
- 2004-07-30➕LOGAN, Enda Gerard appointeddirector
- 2004-07-30➕PHILLIPS, George William appointeddirector
- 2004-07-30➖ROXBURGH, Roy resigneddirector
- 2004-06-18🏢Company incorporatedAs THE SIXTH BUSINESS (SCOTLAND) LIMITED
- 2004-06-18➕IAIN SMITH & COMPANY appointedcorporate-nominee-secretary
- 2004-06-18➕ROXBURGH, Roy 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
- +Long-tenure founder: Senior director has been in place 22 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 70 — succession pressure is live.
Succession & seller-readiness
90/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 70 years old. Natural succession window is now.
- 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 ·Company dissolved
highCompany has been dissolved — it no longer legally exists. Any diligence here is historical only.
Evidence: Dissolved on 2014-04-30
2 insolvency-related filings on record
highFilings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2014-04-30: gazette-dissolved-liquidation; 2014-01-30: liquidation-voluntary-return-of-final-meeting-scotland
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| 78 BELMONT WEST LTD→ SC732832 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| 8 INVESTMENTS SCOTLAND LTD→ SC686363 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| 876 PROPERTIES LTD→ SC816665 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| A & A PROPERTIES (SCOTLAND) LTD.→ SC275175 · est 2004 · no financials extracted | — | — | — | — | 21y | — | — |
| A ARAN'S SCOT LTD→ SC466524 · est 2013 · no financials extracted | — | — | — | — | 12y | — | — |
| A BALFOUR PROPERTY RENTALS LTD→ SC866177 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| A1 CHIRO HOLDINGS LTD→ SC707037 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
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| AALJAZ LTD→ SC513881 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
| AAM INVESTMENTS (SCOTLAND) LIMITED→ SC611815 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
10 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
Incorporated2004-06-18
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate
Registered office
227 West George Street
Glasgow
G2 2ND
Filing status
Accounts
Next due: —
Last made up to: 2012-01-31
Confirmation statement
Next due: —
Last: —
Officers (0 active · 2 resigned)
Active
INGRAM, Joan→
Activedirector · ~67y · appointed 2004-07-30
View their other companies + combined net worth →
LOGAN, Enda Gerard→
Activedirector · ~67y · appointed 2004-07-30
View their other companies + combined net worth →
PHILLIPS, George William→
Activedirector · ~70y · appointed 2004-07-30
View their other companies + combined net worth →
IAIN SMITH & COMPANY→
Resignedcorporate-nominee-secretary · appointed 2004-06-18 · resigned 2008-09-04
ROXBURGH, Roy→
Resigneddirector · ~76y · appointed 2004-06-18 · resigned 2004-07-30
Click a director name to see their full track record across all companies.
Mortgages & charges
4
Total charges
2
Outstanding
1
Active lenders
Status:Lender:4 of 4 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Santander Abbey National PLC | Legal charge | 1 property | 07/11/2008 | 04/04/2013 | |
| satisfied | Santander Abbey National PLC | Legal & general charge | 1 property | 07/11/2008 | 04/04/2013 | |
| outstanding | Northern Rock Northern Rock PLC | Legal charge | 1 property | 25/10/2006 | — | |
| outstanding | Northern Rock Northern Rock PLC | Legal charge | 1 property | 25/10/2006 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (41 total)
gazette-dissolved-liquidation
gazette · GAZ2
2014-04-30
liquidation-voluntary-return-of-final-meeting-scotland
insolvency · 4.26(Scot)
2014-01-30
legacy
mortgage · MG02s
2013-04-09
legacy
mortgage · MG02s
2013-04-09
resolution
resolution · RESOLUTIONS
2013-03-28
change-registered-office-address-company-with-date-old-address
address · AD01
2013-03-28
change-registered-office-address-company-with-date-old-address
address · AD01
2013-03-26
resolution
resolution · RESOLUTIONS
2013-03-26
accounts-with-accounts-type-total-exemption-small
accounts · AA
2012-07-17
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2012-06-22
accounts-with-accounts-type-total-exemption-small
accounts · AA
2011-11-02
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2011-07-08
accounts-with-accounts-type-total-exemption-small
accounts · AA
2010-10-29
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2010-06-18
accounts-with-accounts-type-total-exemption-small
accounts · AA
2009-12-01