GRDS LIMITED
⚰️Wound downdissolved
SC271943 · ltd · incorporated 2004-08-13
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 21.1y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
62/100
Worth a look
What this business does
Primary activity: Development of building projects
Sector: Construction
Investor take
Pass (distressed without resilience)Distressed unclear — structural issues outweigh the discount.
Opportunity 62/100 (worth a look), bankability 70/100. Strong seller-intent signal (88/100, director aged 74). 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 (73/100).
🏦
Refinance opportunity
5 live charges · 2 lenders · oldest 21.1y
50/100
clean up first
Refinance viable after a tidy-up — address the highlighted items first.
- · Oldest live charge is 21.1 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 (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
5 charges (5/5 with lender, 5/5 with type)
90
Directors & officers
4 officers (2 active, 4 linked, 3 with DOB)
85
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
9 connected companies via shared directors
72
Filing history
38 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
62/100Worth 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
80
Strong succession / seller-readiness signals.
Risk profile
59
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 (42 events)Click to expand
- 2013-07-05📄gazette-dissolved-voluntarygazette · GAZ2(A)
- 2013-07-05🏁Company dissolved
- 2013-03-15📄gazette-notice-voluntarygazette · GAZ1(A)
- 2013-03-01📄dissolution-application-strike-off-companydissolution · DS01
- 2012-12-05📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2012-10-23📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2012-05-30📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2012-01-26📄legacymortgage · MG02s
- 2012-01-26📄legacymortgage · MG02s
- 2012-01-26🔓Charge satisfied #5
- 2012-01-26🔓Charge satisfied #4
- 2011-11-18📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2011-05-16📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2010-08-23📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2010-05-20📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2009-12-16📄legacymortgage · MG01s
- 2009-12-10🔒Charge registered #5Lender: Royal Bank of Scotland PLC
- 2009-10-29📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2009-06-26📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2009-04-01📄legacyannual-return · 363a
- 2009-02-14📄legacymortgage · 410(Scot)
- 2009-02-10🔒Charge registered #4Lender: Royal Bank of Scotland PLC
- 2009-01-21📄legacymortgage · 419a(Scot)
- 2009-01-20📄legacymortgage · 410(Scot)
- 2009-01-20🔓Charge satisfied #1
- 2009-01-16🔒Charge registered #3Lender: Royal Bank of Scotland PLC
- 2008-08-13📄legacyofficers · 288b
- 2008-08-12➖IAIN SMITH & COMPANY resignedcorporate-nominee-secretary
- 2008-03-31📍legacyaddress · 287
- 2007-11-20📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2007-08-30📄legacyannual-return · 363s
- 2007-08-09📄legacymortgage · 419a(Scot)
- 2007-08-09🔓Charge satisfied #2
- 2007-06-05📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2006-03-13🔒Charge registered #2Lender: Clydesdale Bank Public Limited Company
- 2005-03-31🔒Charge registered #1Lender: Clydesdale Bank Public Limited Company
- 2004-09-15➕GIBSON, Alex appointeddirector
- 2004-09-15➕ROWSON, Philip Michael appointeddirector
- 2004-09-15➖ROXBURGH, Roy resignednominee-director
- 2004-08-13🏢Company incorporatedAs GRDS LIMITED
- 2004-08-13➕IAIN SMITH & COMPANY appointedcorporate-nominee-secretary
- 2004-08-13➕ROXBURGH, Roy appointednominee-director
Owner dependency
83/100
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
- +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 74 — succession pressure is live.
Succession & seller-readiness
96/100
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 74 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 · 1 med ·Company dissolved
highCompany has been dissolved — it no longer legally exists. Any diligence here is historical only.
Evidence: Dissolved on 2013-07-05
Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
🔒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 CROMBIE LTD→ SC527057 · est 2016 · no financials extracted | — | — | — | — | 10y | — | — |
| A D ADAM & SONS PROPERTY DEVELOPEMENT LTD→ SC645662 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| A JAMES ROOFING LTD→ SC880303 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
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| ABFITTERS LTD→ SC812838 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| ABSCOT LIMITED→ SC608506 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
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| ADVANCED ELECTRICS LIMITED→ SC100047 · est 1986 · no financials extracted | — | — | — | — | 39y | — | — |
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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
Incorporated2004-08-13
Jurisdictionscotland
Primary SIC41100 — Development of building projects
Registered office
30 Binghill Road West
Milltimber
Aberdeen
Aberdeenshire
AB13 0JB
Filing status
Accounts
Next due: —
Last made up to: 2012-08-31
Confirmation statement
Next due: —
Last: —
Officers (0 active · 2 resigned)
GIBSON, Alex→
Activedirector · ~70y · appointed 2004-09-15
View their other companies + combined net worth →
ROWSON, Philip Michael→
Activedirector · ~74y · appointed 2004-09-15
View their other companies + combined net worth →
IAIN SMITH & COMPANY→
Resignedcorporate-nominee-secretary · appointed 2004-08-13 · resigned 2008-08-12
ROXBURGH, Roy→
Resignednominee-director · ~76y · appointed 2004-08-13 · resigned 2004-09-15
Click a director name to see their full track record across all companies.
Mortgages & charges
5
Total charges
1
Outstanding
1
Active lenders
Status:Lender:5 of 5 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Lloyds Banking Group Royal Bank of Scotland PLC | Standard security | 1 property | 10/12/2009 | 26/01/2012 | |
| satisfied | Lloyds Banking Group Royal Bank of Scotland PLC | Standard security | 1 property | 10/02/2009 | 26/01/2012 | |
| outstanding | Lloyds Banking Group Royal Bank of Scotland PLC | Floating charge | 1 property | 16/01/2009 | — | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Standard security | 1 property | 13/03/2006 | 09/08/2007 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Floating charge | 1 property | 31/03/2005 | 20/01/2009 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (38 total)
gazette-dissolved-voluntary
gazette · GAZ2(A)
2013-07-05
gazette-notice-voluntary
gazette · GAZ1(A)
2013-03-15
dissolution-application-strike-off-company
dissolution · DS01
2013-03-01
accounts-with-accounts-type-total-exemption-small
accounts · AA
2012-12-05
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2012-10-23
accounts-with-accounts-type-total-exemption-small
accounts · AA
2012-05-30
legacy
mortgage · MG02s
2012-01-26
legacy
mortgage · MG02s
2012-01-26
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2011-11-18
accounts-with-accounts-type-total-exemption-small
accounts · AA
2011-05-16
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2010-08-23
accounts-with-accounts-type-total-exemption-small
accounts · AA
2010-05-20
legacy
mortgage · MG01s
2009-12-16
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2009-10-29
accounts-with-accounts-type-total-exemption-small
accounts · AA
2009-06-26