FUTURECOM SYSTEMS LIMITED

⚰️Wound downdissolved
SC360202 · ltd · incorporated 2009-05-26
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
59/100
Worth a look
🔔
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What this business does
Primary activity: SIC 4531
Sector: Wholesale & retail
Investor take
Pass (distressed without resilience)
Distressed unclear — structural issues outweigh the discount.

Opportunity 59/100 (worth a look), bankability 70/100. High owner-dependency — earn-out structure likely required for clean transition. 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 (58/100).

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
Confirmed no charges registered
85
Directors & officers
4 officers (2 active, 4 linked, 3 with DOB)
85
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
10 connected companies via shared directors
75
Filing history
13 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
59/100Worth 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
65
Some acquirability indicators.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
90
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 (21 events)Click to expand
  1. 2011-11-18
    📄
    gazette-dissolved-voluntary
    gazette · GAZ2(A)
  2. 2011-11-18
    🏁
    Company dissolved
  3. 2011-07-29
    📄
    gazette-notice-voluntary
    gazette · GAZ1(A)
  4. 2011-07-18
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  5. 2011-07-14
    📄
    dissolution-application-strike-off-company
    dissolution · DS01
  6. 2011-02-25
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  7. 2010-12-06
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  8. 2009-07-13
    📄
    legacy
    capital · 88(2)
  9. 2009-07-08
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  10. 2009-07-07
    LUNN, James Michael appointed
    director
  11. 2009-07-07
    PURCELL, Gerald Hugh appointed
    director
  12. 2009-07-07
    BARR, Alan Lamont resigned
    director
  13. 2009-07-07
    LYCIDAS NOMINEES LIMITED resigned
    corporate-nominee-director
  14. 2009-07-07
    📄
    legacy
    officers · 288a
  15. 2009-07-07
    📄
    legacy
    officers · 288b
  16. 2009-07-07
    📄
    legacy
    officers · 288b
  17. 2009-07-07
    📄
    legacy
    officers · 288a
  18. 2009-05-26
    🏢
    Company incorporated
    As FUTURECOM SYSTEMS LIMITED
  19. 2009-05-26
    BARR, Alan Lamont appointed
    director
  20. 2009-05-26
    LYCIDAS NOMINEES LIMITED appointed
    corporate-nominee-director
  21. 2009-05-26
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

68/100
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.
  • +Long-tenure founder: Senior director has been in place 17 years — deep operational knowledge concentrated in one person.

Succession & seller-readiness

59/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondary12+ year tenure: Director in role 17 years.
  • secondaryStable-but-static management: Company is 17 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 dissolved
high

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

Evidence: Dissolved on 2011-11-18

🔒Co-director network graph

Radial SVG graph showing every company connected via shared directors, colour-coded by status.

Available from the Pro tier upwards.

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
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7 specific questions generated from this company's actual signals — liquidity, leverage, director age, charge count, red flags, age-of-company.

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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.

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Company details

Statusdissolved
Typeltd
Incorporated2009-05-26
Jurisdictionscotland
Primary SIC4531 — SIC 4531

Registered office

292 St. Vincent Street
Glasgow
G2 5TQ

Filing status

Accounts
Next due:
Last made up to: 2011-05-31
Confirmation statement
Next due:
Last:

Officers (0 active · 2 resigned)

LUNN, James Michael
director · ~48y · appointed 2009-07-07
View their other companies + combined net worth →
Active
PURCELL, Gerald Hugh
director · ~51y · appointed 2009-07-07
View their other companies + combined net worth →
Active
BARR, Alan Lamont
director · ~66y · appointed 2009-05-26 · resigned 2009-07-07
Resigned
LYCIDAS NOMINEES LIMITED
corporate-nominee-director · appointed 2009-05-26 · resigned 2009-07-07
Resigned

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

Recent filings (13 total)

gazette-dissolved-voluntary
gazette · GAZ2(A)
2011-11-18
gazette-notice-voluntary
gazette · GAZ1(A)
2011-07-29
accounts-with-accounts-type-total-exemption-small
accounts · AA
2011-07-18
dissolution-application-strike-off-company
dissolution · DS01
2011-07-14
accounts-with-accounts-type-total-exemption-small
accounts · AA
2011-02-25
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2010-12-06
legacy
capital · 88(2)
2009-07-13
certificate-change-of-name-company
change-of-name · CERTNM
2009-07-08
legacy
officers · 288a
2009-07-07
legacy
officers · 288b
2009-07-07
legacy
officers · 288b
2009-07-07
legacy
officers · 288a
2009-07-07
incorporation-company
incorporation · NEWINC
2009-05-26