GAS2 LTD

⚰️Wound downdissolved

SC285071 · ltd · incorporated 2005-05-19

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 14.3y old — refinance window within 12 months

🔒Estimated value

—

Upgrade to see

Turnover

—

not disclosed

Net worth

—

book net assets

Opportunity

54/100

Worth a look

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What this business does

Primary activity: Other professional, scientific and technical activities n.e.c.

Sector: Professional, scientific & technical

Investor take

Pass (distressed without resilience)

Distressed unclear — structural issues outweigh the discount.

Opportunity 54/100 (worth a look), bankability 55/100. 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

1 live charge · oldest 14.3y

65/100

clean up first

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

· Oldest live charge is 14.3 years old — likely at or near maturity.
· Single lender — cleanest path to refinance.
· Legal-friction score 40/100 — 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

Lenders & charges

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

Directors & officers

16 officers (4 active, 16 linked, 10 with DOB)

Ownership & PSC

No PSCs filed (unusual — worth investigating)

Director network

9 connected companies via shared directors

Filing history

99 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

54/100Worth 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

Multiple red flags — proceed with caution.

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 (56 events)Click to expand

2018-01-11
⚠️
gazette-dissolved-liquidation
gazette · GAZ2
2018-01-11
🏁
Company dissolved
2017-10-11
⚠️
liquidation-in-administration-move-to-dissolution-scotland
insolvency · 2.26B(Scot)
2017-10-11
⚠️
liquidation-in-administration-progress-report-scotland
insolvency · 2.20B(Scot)
2017-05-26
⚠️
liquidation-in-administration-progress-report-scotland
insolvency · 2.20B(Scot)
2016-10-17
⚠️
liquidation-in-administration-progress-report-scotland
insolvency · 2.20B(Scot)
2016-10-13
⚠️
liquidation-in-administration-extension-of-period-scotland
insolvency · 2.22B(Scot)
2016-05-25
⚠️
liquidation-in-administration-progress-report-scotland
insolvency · 2.20B(Scot)
2016-01-18
⚠️
liquidation-in-administration-notice-of-statement-of-affairs-scotland-with-form-attached
insolvency · 2.15B(Scot)
2015-12-24
⚠️
liquidation-in-administration-deemed-proposal-scotland
insolvency · 2.16BZ(Scot)
2015-12-15
⚠️
liquidation-in-administration-proposals-scotland
insolvency · 2.16B(Scot)
2015-10-16
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2015-10-16
⚠️
liquidation-in-administration-appointment-of-administrator-scotland
insolvency · 2.11B(Scot)
2015-09-24
📄
termination-secretary-company-with-name-termination-date
officers · TM02
2015-09-21
➖
MCPHAIL, Stephen resigned
secretary
2015-09-21
📄
termination-director-company-with-name-termination-date
officers · TM01
2015-09-18
➖
OLIVER, Karen Jacqueline resigned
director
2015-09-11
📄
appoint-person-director-company-with-name-date
officers · AP01
2015-01-06
📄
termination-director-company-with-name-termination-date
officers · TM01
2014-12-19
➖
ROBERTSON, Peter Kenneth John resigned
director
2014-10-03
📄
accounts-with-accounts-type-small
accounts · AA
2014-10-01
➕
OLIVER, Karen Jacqueline appointed
director
2014-09-24
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2014-09-16
📄
mortgage-alter-floating-charge-with-number
mortgage · 466(Scot)
2014-09-11
📄
resolution
resolution · RESOLUTIONS
2013-12-02
📄
termination-director-company-with-name
officers · TM01
2013-11-28
➖
BARGACH, Saad resigned
director
2013-11-21
📄
resolution
resolution · RESOLUTIONS
2013-11-15
📄
mortgage-alter-floating-charge-with-number
mortgage · 466(Scot)
2013-09-23
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2013-05-13
📄
accounts-with-accounts-type-small
accounts · AA
2012-10-11
➕
BLACKWOOD PARTNERS LLP appointed
corporate-secretary
2012-02-22
➕
MCPHAIL, Stephen appointed
secretary
2012-02-22
➖
ROBISON, Antony Lawrence resigned
secretary
2012-01-26
➖
PENMAN, James resigned
director
2012-01-26
➕
ROBERTSON, Peter Kenneth John appointed
director
2011-12-22
➕
BURGESS, Trevor Michael appointed
director
2011-12-22
🔒
Charge registered #1
Lender: Lime Rock Partners Iv, L.P.
2011-09-17
➖
MUNRO, Simon resigned
director
2010-08-12
➖
REID, William Aiken resigned
director
2008-05-13
➖
MACKIE, Alexander Charles Gordon resigned
director
2008-04-23
➖
FLEMING, Michael John resigned
secretary
2008-04-23
➕
ROBISON, Antony Lawrence appointed
secretary
2008-02-13
➕
BARGACH, Saad appointed
director
2008-02-13
➕
MUNRO, Simon appointed
director
2006-07-19
➕
STACEY, John Michael, Dr appointed
director
2006-01-17
➕
MACKIE, Alexander Charles Gordon appointed
director
2005-08-08
➕
PENMAN, James appointed
director
2005-05-20
➕
FLEMING, Michael John appointed
director
2005-05-20
➕
FLEMING, Michael John appointed
secretary

Showing most recent 50 of 56 events

Owner dependency

75/100

High — earn-out structure required

Material 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 21 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 83 — succession pressure is live.

Succession & seller-readiness

90/100

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 83 years old. Natural succession window is now.
primary20+ year tenure: Director in role 21 years. Very long tenure is a classic succession signal.
secondaryStable-but-static management: Company is 21 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

high

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

Evidence: Dissolved on 2018-01-11

11 insolvency-related filings on record

high

Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.

Evidence: 2018-01-11: gazette-dissolved-liquidation; 2017-10-11: liquidation-in-administration-move-to-dissolution-scotland

🔒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

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

Incorporated2005-05-19

Jurisdictionscotland

Primary SIC74909 — Other professional, scientific and technical activities n.e.c.

Registered office

Apex 3, 95 Haymarket Terrace

Edinburgh

EH12 5HD

Filing status

Accounts

Next due: —

Last made up to: 2013-12-31

Confirmation statement

Next due: —

Last: —

Officers (0 active · 12 resigned)

BLACKWOOD PARTNERS LLP→

corporate-secretary · appointed 2012-10-11

View their other companies + combined net worth →

Active

BURGESS, Trevor Michael→

director · ~72y · appointed 2011-12-22

View their other companies + combined net worth →

Active

FLEMING, Michael John→

director · ~68y · appointed 2005-05-20

View their other companies + combined net worth →

Active

STACEY, John Michael, Dr→

director · ~83y · appointed 2006-07-19

View their other companies + combined net worth →

Active

FLEMING, Michael John→

secretary · appointed 2005-05-20 · resigned 2008-04-23

Resigned

MCPHAIL, Stephen→

secretary · appointed 2012-02-22 · resigned 2015-09-21

Resigned

ROBISON, Antony Lawrence→

secretary · appointed 2008-04-23 · resigned 2012-02-22

Resigned

DUPORT SECRETARY LIMITED→

corporate-nominee-secretary · appointed 2005-05-19 · resigned 2005-05-20

Resigned

BARGACH, Saad→

director · ~68y · appointed 2008-02-13 · resigned 2013-11-28

Resigned

MACKIE, Alexander Charles Gordon→

director · ~80y · appointed 2006-01-17 · resigned 2008-05-13

Resigned

MUNRO, Simon→

director · ~60y · appointed 2008-02-13 · resigned 2011-09-17

Resigned

OLIVER, Karen Jacqueline→

director · ~63y · appointed 2014-10-01 · resigned 2015-09-18

Resigned

PENMAN, James→

director · ~81y · appointed 2005-08-08 · resigned 2012-01-26

Resigned

REID, William Aiken→

director · ~71y · appointed 2005-05-20 · resigned 2010-08-12

Resigned

ROBERTSON, Peter Kenneth John→

director · ~62y · appointed 2012-01-26 · resigned 2014-12-19

Resigned

DUPORT DIRECTOR LIMITED→

corporate-nominee-director · appointed 2005-05-19 · resigned 2005-05-20

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	Lime Rock Partners Iv, L.P.	Floating charge	1 property	22/12/2011	—

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

Recent filings (99 total)

gazette-dissolved-liquidation

gazette · GAZ2

2018-01-11

liquidation-in-administration-move-to-dissolution-scotland

insolvency · 2.26B(Scot)

2017-10-11

liquidation-in-administration-progress-report-scotland

insolvency · 2.20B(Scot)

2017-10-11

liquidation-in-administration-progress-report-scotland

insolvency · 2.20B(Scot)

2017-05-26

liquidation-in-administration-progress-report-scotland

insolvency · 2.20B(Scot)

2016-10-17

liquidation-in-administration-extension-of-period-scotland

insolvency · 2.22B(Scot)

2016-10-13

liquidation-in-administration-progress-report-scotland

insolvency · 2.20B(Scot)

2016-05-25

liquidation-in-administration-notice-of-statement-of-affairs-scotland-with-form-attached

insolvency · 2.15B(Scot)

2016-01-18

liquidation-in-administration-deemed-proposal-scotland

insolvency · 2.16BZ(Scot)

2015-12-24

liquidation-in-administration-proposals-scotland

insolvency · 2.16B(Scot)

2015-12-15

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

address · AD01

2015-10-16

liquidation-in-administration-appointment-of-administrator-scotland

insolvency · 2.11B(Scot)

2015-10-16

termination-secretary-company-with-name-termination-date

officers · TM02

2015-09-24

termination-director-company-with-name-termination-date

officers · TM01

2015-09-21

appoint-person-director-company-with-name-date

officers · AP01

2015-09-11