FRASERBURGH AREA INITIATIVE FOR SWIMMING, SPORT & HEALTH

⚰️Wound downdissolved
SC364310 · private-limited-guarant-nsc-limited-exemption · incorporated 2009-08-20
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
64/100
Worth a look
🔔
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What this business does
Primary activity: Other sports activities
Sector: Arts, entertainment & recreation
Investor take
Pass (distressed without resilience)
Distressed unclear — structural issues outweigh the discount.

Opportunity 64/100 (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 (65/100).

Data confidence

Overall: low (48/100)

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
9 officers (6 active, 9 linked, 5 with DOB)
81
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
3 connected companies via shared directors
54
Filing history
30 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
85
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 (39 events)Click to expand
  1. 2016-03-15
    📄
    gazette-dissolved-voluntary
    gazette · GAZ2(A)
  2. 2016-03-15
    🏁
    Company dissolved
  3. 2015-12-29
    📄
    gazette-notice-voluntary
    gazette · GAZ1(A)
  4. 2015-12-17
    📄
    dissolution-application-strike-off-company
    dissolution · DS01
  5. 2015-08-26
    📄
    annual-return-company-with-made-up-date-no-member-list
    annual-return · AR01
  6. 2015-05-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2014-09-15
    📄
    annual-return-company-with-made-up-date-no-member-list
    annual-return · AR01
  8. 2014-05-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2013-09-12
    📄
    annual-return-company-with-made-up-date-no-member-list
    annual-return · AR01
  10. 2013-05-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2012-09-03
    📄
    annual-return-company-with-made-up-date-no-member-list
    annual-return · AR01
  12. 2012-05-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2011-09-07
    📄
    annual-return-company-with-made-up-date-no-member-list
    annual-return · AR01
  14. 2011-05-17
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2010-09-16
    📄
    annual-return-company-with-made-up-date-no-member-list
    annual-return · AR01
  16. 2010-09-16
    📄
    change-corporate-secretary-company-with-change-date
    officers · CH04
  17. 2010-09-16
    📄
    change-person-director-company-with-change-date
    officers · CH01
  18. 2010-01-11
    📄
    appoint-person-director-company-with-name
    officers · AP01
  19. 2010-01-11
    📄
    appoint-person-director-company-with-name
    officers · AP01
  20. 2010-01-11
    📄
    appoint-person-director-company-with-name
    officers · AP01
  21. 2010-01-11
    📄
    appoint-person-director-company-with-name
    officers · AP01
  22. 2010-01-11
    📄
    appoint-corporate-secretary-company-with-name
    officers · AP04
  23. 2009-08-28
    📄
    legacy
    officers · 288a
  24. 2009-08-28
    📄
    legacy
    officers · 288a
  25. 2009-08-28
    📄
    legacy
    officers · 288b
  26. 2009-08-28
    📄
    legacy
    officers · 288b
  27. 2009-08-20
    🏢
    Company incorporated
    As FRASERBURGH AREA INITIATIVE FOR SWIMMING, SPORT & HEALTH
  28. 2009-08-20
    ➕
    BROWN & MCRAE appointed
    corporate-secretary
  29. 2009-08-20
    ➕
    BELLANY, Andrew appointed
    director
  30. 2009-08-20
    ➕
    MAIR, Doreen Anne Elizabeth appointed
    director
  31. 2009-08-20
    ➕
    MAY, John appointed
    director
  32. 2009-08-20
    ➕
    MORRICE, Bruce appointed
    director
  33. 2009-08-20
    ➕
    SCOTT, Nichola Joy appointed
    director
  34. 2009-08-20
    ➕
    JORDAN COMPANY SECRETARIES LIMITED appointed
    corporate-nominee-secretary
  35. 2009-08-20
    ➖
    JORDAN COMPANY SECRETARIES LIMITED resigned
    corporate-nominee-secretary
  36. 2009-08-20
    ➕
    JORDAN COMPANY SECRETARIES LIMITED appointed
    corporate-nominee-director
  37. 2009-08-20
    ➖
    JORDAN COMPANY SECRETARIES LIMITED resigned
    corporate-nominee-director
  38. 2009-08-20
    ➕
    OSWALDS OF EDINBURGH LIMITED appointed
    corporate-nominee-director
  39. 2009-08-20
    ➖
    OSWALDS OF EDINBURGH LIMITED resigned
    corporate-nominee-director

Owner dependency

65/100
High — earn-out structure required

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

FACTORS
  • -5 active directors: Broader management team in place — suggests transferable governance.
  • +Long-tenure founder: Senior director has been in place 17 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 74 — succession pressure is live.

Succession & seller-readiness

83/100
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 74 years old. Natural succession window is now.
  • 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 2016-03-15

🔒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 →
🔒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
Typeprivate-limited-guarant-nsc-limited-exemption
Incorporated2009-08-20
Jurisdictionscotland
Primary SIC93199 — Other sports activities

Registered office

33 Mormond Avenue
Fraserburgh
AB43 9PX

Filing status

Accounts
Next due: —
Last made up to: 2014-08-31
Confirmation statement
Next due: —
Last: —

Officers (0 active · 3 resigned)

BROWN & MCRAE→
corporate-secretary · appointed 2009-08-20
View their other companies + combined net worth →
Active
BELLANY, Andrew→
director · ~57y · appointed 2009-08-20
View their other companies + combined net worth →
Active
MAIR, Doreen Anne Elizabeth→
director · ~68y · appointed 2009-08-20
View their other companies + combined net worth →
Active
MAY, John→
director · ~68y · appointed 2009-08-20
View their other companies + combined net worth →
Active
MORRICE, Bruce→
director · ~74y · appointed 2009-08-20
View their other companies + combined net worth →
Active
SCOTT, Nichola Joy→
director · ~59y · appointed 2009-08-20
View their other companies + combined net worth →
Active
JORDAN COMPANY SECRETARIES LIMITED→
corporate-nominee-secretary · appointed 2009-08-20 · resigned 2009-08-20
Resigned
JORDAN COMPANY SECRETARIES LIMITED→
corporate-nominee-director · appointed 2009-08-20 · resigned 2009-08-20
Resigned
OSWALDS OF EDINBURGH LIMITED→
corporate-nominee-director · appointed 2009-08-20 · resigned 2009-08-20
Resigned

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

Recent filings (30 total)

gazette-dissolved-voluntary
gazette · GAZ2(A)
2016-03-15
gazette-notice-voluntary
gazette · GAZ1(A)
2015-12-29
dissolution-application-strike-off-company
dissolution · DS01
2015-12-17
annual-return-company-with-made-up-date-no-member-list
annual-return · AR01
2015-08-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2015-05-15
annual-return-company-with-made-up-date-no-member-list
annual-return · AR01
2014-09-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2014-05-27
annual-return-company-with-made-up-date-no-member-list
annual-return · AR01
2013-09-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2013-05-16
annual-return-company-with-made-up-date-no-member-list
annual-return · AR01
2012-09-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2012-05-18
annual-return-company-with-made-up-date-no-member-list
annual-return · AR01
2011-09-07
accounts-with-accounts-type-total-exemption-small
accounts · AA
2011-05-17
annual-return-company-with-made-up-date-no-member-list
annual-return · AR01
2010-09-16
change-corporate-secretary-company-with-change-date
officers · CH04
2010-09-16