TMCS1 LIMITED

⚰️Wound downdissolved
SC362950 · ltd · incorporated 2009-07-22
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 16.5y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
64/100
Worth a look
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What this business does
Primary activity: SIC 22290
Sector: Manufacturing
Investor take
Pass (distressed without resilience)
Distressed unclear — structural issues outweigh the discount.

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 16.5y

65/100
clean up first

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

  • · Oldest live charge is 16.5 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: medium (58/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, 1 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
3 officers (3 active, 3 linked, 1 with DOB)
77
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
33 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
64/100Worth 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
100
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 (25 events)Click to expand
  1. 2024-11-12
    📄
    gazette-dissolved-compulsory
    gazette · GAZ2
  2. 2024-11-12
    🏁
    Company dissolved
  3. 2022-08-09
    📄
    dissolved-compulsory-strike-off-suspended
    dissolution · DISS16(SOAS)
  4. 2022-06-28
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  5. 2021-04-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2020-08-14
    📄
    change-corporate-director-company-with-change-date
    officers · CH02
  7. 2020-08-14
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  8. 2020-07-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2019-04-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2018-04-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2017-05-08
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  12. 2016-05-04
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  13. 2015-08-12
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  14. 2015-05-05
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2014-08-06
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  16. 2014-04-28
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  17. 2013-08-01
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  18. 2013-08-01
    📄
    change-corporate-director-company-with-change-date
    officers · CH02
  19. 2013-04-24
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  20. 2012-08-08
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  21. 2009-10-16
    🔒
    Charge registered #1
    Lender: Glendale Plastics Retirement Benefit Scheme
  22. 2009-07-22
    🏢
    Company incorporated
    As TMCS1 LIMITED
  23. 2009-07-22
    ➕
    CCW SECRETARIES LIMITED appointed
    corporate-secretary
  24. 2009-07-22
    ➕
    CLARKE, John Bernard appointed
    director
  25. 2009-07-22
    ➕
    TILLY MASTERSON INVESTMENT MANAGEMENT LIMITED appointed
    corporate-director

Owner dependency

100/100
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
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Founder name in company name: Company name contains director surname "LIMITED" — strong identity link between founder and business.
  • +Long-tenure founder: Senior director has been in place 17 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 71 — succession pressure is live.
  • +No director turnover: Company is 17 years old with no director changes — suggests a very tight-knit founder team never broadened.

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 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 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 2024-11-12

Group structure

Tilly Masterson Investment Management Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Tilly Masterson Investment Management Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
⬇
TMCS1 LIMITED
This company · SC362950

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Tilly Masterson Investment Management Limited
Corporate entity
75–100%
75–100%board control75-100% shares · 75-100% voting · board control06/04/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

🔒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

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 →
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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.

Available from the Pro tier upwards.

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Company details

Statusdissolved
Typeltd
Incorporated2009-07-22
Jurisdictionscotland
Primary SIC22290 — SIC 22290

Registered office

Crescent House
Carnegie Campus
Dunfermline
Fife
KY11 8GR

Filing status

Accounts
Next due: —
Last made up to: 2020-07-31
Confirmation statement
Next due: —
Last: 2021-07-22

Officers (0 active · 0 resigned)

CCW SECRETARIES LIMITED→
corporate-secretary · appointed 2009-07-22
View their other companies + combined net worth →
Active
CLARKE, John Bernard→
director · ~71y · appointed 2009-07-22
View their other companies + combined net worth →
Active
TILLY MASTERSON INVESTMENT MANAGEMENT LIMITED→
corporate-director · appointed 2009-07-22
View their other companies + combined net worth →
Active

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
Glendale Plastics Retirement Benefit Scheme
Floating charge1 property16/10/2009—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (33 total)

gazette-dissolved-compulsory
gazette · GAZ2
2024-11-12
dissolved-compulsory-strike-off-suspended
dissolution · DISS16(SOAS)
2022-08-09
gazette-notice-compulsory
gazette · GAZ1
2022-06-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-08-27
accounts-with-accounts-type-micro-entity
accounts · AA
2021-04-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-08-14
change-corporate-director-company-with-change-date
officers · CH02
2020-08-14
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2020-08-14
accounts-with-accounts-type-micro-entity
accounts · AA
2020-07-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-08-20
accounts-with-accounts-type-micro-entity
accounts · AA
2019-04-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2018-09-03
accounts-with-accounts-type-micro-entity
accounts · AA
2018-04-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2017-08-15
accounts-with-accounts-type-total-exemption-small
accounts · AA
2017-05-08