TORC TOOLS (ABERDEEN) LIMITED
- · Oldest live charge 18.1y old — refinance window within 12 months
Opportunity 64/100 (worth a look), bankability 75/100. Strong seller-intent signal (78/100, director aged 71). 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 (65/100).
Refinance opportunity
1 live charge · oldest 18.1y
Refinance viable after a tidy-up — address the highlighted items first.
- · Oldest live charge is 18.1 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · 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.
Mixed signal. Worth opening the full target workup before deciding to pursue.
Recent activity
Corporate timeline (26 events)Click to expand
- 2012-05-11📄gazette-dissolved-compulsorygazette · GAZ2
- 2012-05-11🏁Company dissolved
- 2012-01-20📄gazette-notice-compulsorygazette · GAZ1
- 2011-08-16📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2010-09-30📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2010-09-17📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2010-09-17📄change-corporate-secretary-company-with-change-dateofficers · CH04
- 2009-11-05📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2009-11-05📄change-person-director-company-with-change-dateofficers · CH01
- 2009-07-13📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2008-10-23📄legacyofficers · 288c
- 2008-10-16📄legacycapital · 122
- 2008-10-16📄resolutionresolution · RESOLUTIONS
- 2008-10-15📄legacyannual-return · 363a
- 2008-10-15📍legacyaddress · 353
- 2008-04-01📄legacymortgage · 410(Scot)
- 2008-03-19🔒Charge registered #1Lender: Royal Bank of Scotland PLC
- 2007-10-08📄legacycapital · 88(2)R
- 2007-10-02📄legacyofficers · 288a
- 2007-10-02📄legacyaccounts · 225
- 2007-10-02📍legacyaddress · 287
- 2007-09-26➕HISLOP, Mark appointeddirector
- 2007-09-13🏢Company incorporatedAs TORC TOOLS (ABERDEEN) LIMITED
- 2007-09-13➕JAMES AND GEORGE COLLIE appointedcorporate-secretary
- 2007-09-13➕ARCHBOLD, Michael Antony appointeddirector
- 2007-09-13📄incorporation-companyincorporation · NEWINC
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Long-tenure founder: Senior director has been in place 19 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 71 — succession pressure is live.
- +No director turnover: Company is 19 years old with no director changes — suggests a very tight-knit founder team never broadened.
Succession & seller-readiness
Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
- primaryFounder aged 70+: Senior director is approximately 71 years old. Natural succession window is now.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- secondary12+ year tenure: Director in role 19 years.
- secondaryStable-but-static management: Company is 19 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 has been dissolved — it no longer legally exists. Any diligence here is historical only.
Evidence: Dissolved on 2012-05-11
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
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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 →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
Registered office
Filing status
Officers (0 active · 0 resigned)
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Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group Royal Bank of Scotland PLC | Bond & floating charge | 1 property | 19/03/2008 | — |