PORTLETHEN OILFIELD SERVICES LIMITED

⚰️Wound downdissolved

SC331462 · ltd · incorporated 2007-09-26

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

51/100

Worth a look

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What this business does

Primary activity: Technical testing and analysis

Sector: Professional, scientific & technical

ALSO REGISTERED FOR

96090Other service activities n.e.c.

Investor take

Pass (distressed without resilience)

Distressed unclear — structural issues outweigh the discount.

Opportunity 51/100 (worth a look), bankability 50/100. Strong seller-intent signal (63/100, director aged 78). 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 (58/100). Current lenders should be on monthly review.

🏦

Refinance opportunity

3 live charges · 2 lenders · oldest 18.2y

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 18.2 years old — likely at or near maturity.
· Two lenders — manageable, but coordination required.
· Legal-friction score 45/100 (high).

Data confidence

Overall: low (52/100)

Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.

Company profile

address, 2 SIC codes, incorporation date

100

Financials

No iXBRL financials extracted

Lenders & charges

3 charges (3/3 with lender, 3/3 with type)

Directors & officers

11 officers (2 active, 11 linked, 6 with DOB)

Ownership & PSC

No PSCs filed (unusual — worth investigating)

Director network

13 connected companies via shared directors

Filing history

55 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

51/100Worth 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 (50 events)Click to expand

2017-01-04
⚠️
gazette-dissolved-liquidation
gazette · GAZ2
2017-01-04
🏁
Company dissolved
2016-10-04
⚠️
liquidation-compulsory-return-of-final-meeting-scotland
insolvency · 4.17(Scot)
2012-12-12
⚠️
liquidation-compulsory-notice-winding-up-scotland
insolvency · CO4.2(Scot)
2012-12-12
⚠️
liquidation-compulsory-winding-up-order-scotland
insolvency · 4.2(Scot)
2012-12-11
📍
change-registered-office-address-company-with-date-old-address
address · AD01
2012-11-09
⚠️
liquidation-compulsory-appointment-provisional-liquidator-scotland
insolvency · 4.9(Scot)
2012-10-24
✏️
certificate-change-of-name-company
change-of-name · CERTNM
2012-10-01
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2012-06-07
📄
termination-secretary-company-with-name
officers · TM02
2012-05-09
📄
accounts-with-accounts-type-full
accounts · AA
2012-04-30
➖
THOMSON, Marion resigned
secretary
2011-10-05
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2011-08-24
📍
change-registered-office-address-company-with-date-old-address
address · AD01
2011-07-29
📄
mortgage-alter-floating-charge-with-number
mortgage · 466(Scot)
2011-07-22
📄
mortgage-alter-floating-charge-with-number
mortgage · 466(Scot)
2011-07-12
✏️
certificate-change-of-name-company
change-of-name · CERTNM
2011-07-07
📄
legacy
mortgage · MG01s
2011-06-24
📄
appoint-person-secretary-company-with-name
officers · AP03
2011-06-24
📄
appoint-person-director-company-with-name
officers · AP01
2011-06-24
📄
appoint-person-director-company-with-name
officers · AP01
2011-06-24
📍
change-registered-office-address-company-with-date-old-address
address · AD01
2011-06-24
📄
termination-secretary-company-with-name
officers · TM02
2011-06-24
📄
termination-director-company-with-name
officers · TM01
2011-06-24
📄
termination-director-company-with-name
officers · TM01
2011-06-24
📄
termination-director-company-with-name
officers · TM01
2011-06-21
➕
GORDON, Robert John appointed
director
2011-06-21
➕
MANDERSON, Colin Bruce appointed
director
2011-06-21
➕
THOMSON, Marion appointed
secretary
2011-06-21
➖
PLENDERLEATH RUNCIE LLP resigned
corporate-secretary
2011-06-21
➖
GEDDIE, Alasdair resigned
director
2011-06-21
➖
GEDDIE, Angela Carroll resigned
director
2011-06-21
➖
GEDDIE, James William resigned
director
2011-06-21
🔒
Charge registered #3
Lender: Rbs Invoice Finance Limited
2011-05-06
📄
accounts-with-accounts-type-full
accounts · AA
2010-03-26
➕
GEDDIE, Angela Carroll appointed
director
2009-07-31
🔒
Charge registered #2
Lender: Rbs Invoice Finance Limited
2009-07-15
➖
GRANT, Ronald Malcolm Macpherson resigned
director
2008-02-19
🔒
Charge registered #1
Lender: Royal Bank of Scotland PLC
2008-02-01
➕
PLENDERLEATH RUNCIE LLP appointed
corporate-secretary
2008-02-01
➖
PLENDERLEATH RUNCIE LLP resigned
corporate-secretary
2007-09-26
🏢
Company incorporated
As PORTLETHEN OILFIELD SERVICES LIMITED
2007-09-26
➕
BRIAN REID LTD. appointed
corporate-secretary
2007-09-26
➖
BRIAN REID LTD. resigned
corporate-secretary
2007-09-26
➕
PLENDERLEATH RUNCIE LLP appointed
corporate-secretary
2007-09-26
➕
GEDDIE, Alasdair appointed
director
2007-09-26
➕
GEDDIE, James William appointed
director
2007-09-26
➕
GRANT, Ronald Malcolm Macpherson appointed
director
2007-09-26
➕
STEPHEN MABBOTT LTD. appointed
corporate-director
2007-09-26
➖
STEPHEN MABBOTT LTD. resigned
corporate-director

Owner dependency

73/100

High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS

+Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
+Founder age: Director aged approximately 78 — succession pressure is live.

Succession & seller-readiness

89/100

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 78 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 15 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

2 high ·

Company dissolved

high

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

Evidence: Dissolved on 2017-01-04

5 insolvency-related filings on record

high

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

Evidence: 2017-01-04: gazette-dissolved-liquidation; 2016-10-04: liquidation-compulsory-return-of-final-meeting-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

11 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

Incorporated2007-09-26

Jurisdictionscotland

Primary SIC71200 — Technical testing and analysis

Registered office

37 Albyn Place

Aberdeen

AB10 1JB

Filing status

Accounts

Next due: —

Last made up to: 2011-08-31

Confirmation statement

Next due: —

Last: —

Officers (0 active · 9 resigned)

GORDON, Robert John→

director · ~64y · appointed 2011-06-21

View their other companies + combined net worth →

Active

MANDERSON, Colin Bruce→

director · ~78y · appointed 2011-06-21

View their other companies + combined net worth →

Active

THOMSON, Marion→

secretary · appointed 2011-06-21 · resigned 2012-04-30

Resigned

BRIAN REID LTD.→

corporate-secretary · appointed 2007-09-26 · resigned 2007-09-26

Resigned

PLENDERLEATH RUNCIE LLP→

corporate-secretary · appointed 2008-02-01 · resigned 2011-06-21

Resigned

PLENDERLEATH RUNCIE LLP→

corporate-secretary · appointed 2007-09-26 · resigned 2008-02-01

Resigned

GEDDIE, Alasdair→

director · ~58y · appointed 2007-09-26 · resigned 2011-06-21

Resigned

GEDDIE, Angela Carroll→

director · ~62y · appointed 2010-03-26 · resigned 2011-06-21

Resigned

GEDDIE, James William→

director · ~63y · appointed 2007-09-26 · resigned 2011-06-21

Resigned

GRANT, Ronald Malcolm Macpherson→

director · ~61y · appointed 2007-09-26 · resigned 2009-07-15

Resigned

STEPHEN MABBOTT LTD.→

corporate-director · appointed 2007-09-26 · resigned 2007-09-26

Resigned

Click a director name to see their full track record across all companies.

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:3 of 3 shown

		Type	Properties
outstanding	NatWest Group Rbs Invoice Finance Limited	Floating charge	1 property	21/06/2011	—
outstanding	NatWest Group Rbs Invoice Finance Limited	Floating charge	1 property	31/07/2009	—
outstanding	Lloyds Banking Group Royal Bank of Scotland PLC	Bond & floating charge	1 property	19/02/2008	—

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

Recent filings (55 total)

gazette-dissolved-liquidation

gazette · GAZ2

2017-01-04

liquidation-compulsory-return-of-final-meeting-scotland

insolvency · 4.17(Scot)

2016-10-04

liquidation-compulsory-notice-winding-up-scotland

insolvency · CO4.2(Scot)

2012-12-12

liquidation-compulsory-winding-up-order-scotland

insolvency · 4.2(Scot)

2012-12-12

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

address · AD01

2012-12-11

liquidation-compulsory-appointment-provisional-liquidator-scotland

insolvency · 4.9(Scot)

2012-11-09

certificate-change-of-name-company

change-of-name · CERTNM

2012-10-24

annual-return-company-with-made-up-date-full-list-shareholders

annual-return · AR01

2012-10-01

termination-secretary-company-with-name

officers · TM02

2012-06-07

accounts-with-accounts-type-full

accounts · AA

2012-05-09

annual-return-company-with-made-up-date-full-list-shareholders

annual-return · AR01

2011-10-05

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

address · AD01

2011-08-24

mortgage-alter-floating-charge-with-number

mortgage · 466(Scot)

2011-07-29

mortgage-alter-floating-charge-with-number

mortgage · 466(Scot)

2011-07-22

certificate-change-of-name-company

change-of-name · CERTNM

2011-07-12