BLACK SWAN (KELSO) LIMITED

⚰️Wound downdissolved
SC360784 · ltd · incorporated 2009-06-05
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
63/100
Worth a look
🔔
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What this business does
Primary activity: SIC 5540
Sector: Accommodation & food service
Investor take
Pass (distressed without resilience)
Distressed unclear — structural issues outweigh the discount.

Opportunity 63/100 (worth a look), bankability 70/100. Strong seller-intent signal (65/100, director aged 58). 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).

Data confidence

Overall: low (50/100)

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, 2 with DOB)
80
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
63/100Worth 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
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. 2011-09-16
    📄
    gazette-dissolved-voluntary
    gazette · GAZ2(A)
  2. 2011-09-16
    🏁
    Company dissolved
  3. 2011-06-07
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  4. 2011-05-27
    📄
    gazette-notice-voluntary
    gazette · GAZ1(A)
  5. 2011-05-12
    📄
    dissolution-application-strike-off-company
    dissolution · DS01
  6. 2011-04-20
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  7. 2010-06-07
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  8. 2009-09-15
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  9. 2009-09-14
    📄
    legacy
    officers · 288a
  10. 2009-09-14
    📄
    legacy
    officers · 288a
  11. 2009-09-14
    📄
    legacy
    officers · 288b
  12. 2009-09-14
    📄
    legacy
    officers · 288b
  13. 2009-09-14
    📍
    legacy
    address · 287
  14. 2009-09-11
    GRYCUK, Fiona Mackinnon appointed
    secretary
  15. 2009-09-11
    DOYLE, Sean Hugh appointed
    director
  16. 2009-09-11
    WARNERS (SECRETARIES) LIMITED resigned
    corporate-secretary
  17. 2009-09-11
    KENNEDY, Bryan Ross resigned
    director
  18. 2009-06-05
    🏢
    Company incorporated
    As BLACK SWAN (KELSO) LIMITED
  19. 2009-06-05
    WARNERS (SECRETARIES) LIMITED appointed
    corporate-secretary
  20. 2009-06-05
    KENNEDY, Bryan Ross appointed
    director
  21. 2009-06-05
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

93/100
Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +Long-tenure founder: Senior director has been in place 17 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 58 — approaching natural succession window.

Succession & seller-readiness

78/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 58. Early succession window.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • 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 2011-09-16

🔒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 →
🔒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.

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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
Incorporated2009-06-05
Jurisdictionscotland
Primary SIC5540 — SIC 5540

Registered office

4 Hope Street
Edinburgh
Midlothian
EH2 4DB

Filing status

Accounts
Next due:
Last made up to: 2010-06-30
Confirmation statement
Next due:
Last:

Officers (0 active · 2 resigned)

GRYCUK, Fiona Mackinnon
secretary · appointed 2009-09-11
View their other companies + combined net worth →
Active
DOYLE, Sean Hugh
director · ~58y · appointed 2009-09-11
View their other companies + combined net worth →
Active
WARNERS (SECRETARIES) LIMITED
corporate-secretary · appointed 2009-06-05 · resigned 2009-09-11
Resigned
KENNEDY, Bryan Ross
director · ~61y · appointed 2009-06-05 · resigned 2009-09-11
Resigned

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

Recent filings (13 total)

gazette-dissolved-voluntary
gazette · GAZ2(A)
2011-09-16
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2011-06-07
gazette-notice-voluntary
gazette · GAZ1(A)
2011-05-27
dissolution-application-strike-off-company
dissolution · DS01
2011-05-12
accounts-with-accounts-type-dormant
accounts · AA
2011-04-20
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2010-06-07
certificate-change-of-name-company
change-of-name · CERTNM
2009-09-15
legacy
officers · 288a
2009-09-14
legacy
officers · 288a
2009-09-14
legacy
officers · 288b
2009-09-14
legacy
officers · 288b
2009-09-14
legacy
address · 287
2009-09-14
incorporation-company
incorporation · NEWINC
2009-06-05