LYCIDAS (489) LIMITED

⚰️Wound downdissolved
SC365505 · ltd · incorporated 2009-09-14
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
61/100
Worth a look
🔔
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Investor take
Pass (distressed without resilience)
Distressed unclear — structural issues outweigh the discount.

Opportunity 61/100 (worth a look), bankability 70/100. Strong seller-intent signal (78/100, director aged 66). 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 (45/100)

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

Company profile
address, no SIC, incorporation date
80
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
1 connected companies via shared directors
48
Filing history
9 filings
60
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
61/100Worth 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
80
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 (17 events)Click to expand
  1. 2011-05-06
    📄
    gazette-dissolved-compulsory
    gazette · GAZ2
  2. 2011-05-06
    🏁
    Company dissolved
  3. 2011-01-07
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  4. 2009-10-28
    O'NEILL, Stephen appointed
    secretary
  5. 2009-10-28
    GAFFNEY, James Gerard appointed
    director
  6. 2009-10-28
    BARR, Alan Lamont resigned
    director
  7. 2009-10-28
    LYCIDAS NOMINEES LIMITED resigned
    corporate-nominee-director
  8. 2009-10-28
    📄
    appoint-person-director-company-with-name
    officers · AP01
  9. 2009-10-28
    📄
    termination-director-company-with-name
    officers · TM01
  10. 2009-10-28
    📄
    termination-director-company-with-name
    officers · TM01
  11. 2009-10-28
    📍
    change-registered-office-address-company-with-date-old-address
    address · AD01
  12. 2009-10-28
    📄
    appoint-person-secretary-company-with-name
    officers · AP03
  13. 2009-10-16
    📄
    resolution
    resolution · RESOLUTIONS
  14. 2009-09-14
    🏢
    Company incorporated
    As LYCIDAS (489) LIMITED
  15. 2009-09-14
    BARR, Alan Lamont appointed
    director
  16. 2009-09-14
    LYCIDAS NOMINEES LIMITED appointed
    corporate-nominee-director
  17. 2009-09-14
    📄
    incorporation-company
    incorporation · NEWINC

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
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +Long-tenure founder: Senior director has been in place 16 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 66 — succession pressure is live.

Succession & seller-readiness

88/100
Likely off-market candidate

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

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 66. Approaching typical UK retirement age — succession thinking likely.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondary12+ year tenure: Director in role 16 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 2011-05-06

🔒Co-director network graph

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
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9 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
Incorporated2009-09-14
Jurisdictionscotland
Primary SIC

Registered office

22 Melford Road
Righead Industrial Estate
Bellshill
Lanarkshire
ML4 3LR
Scotland

Filing status

Accounts
Next due:
Last made up to:
Confirmation statement
Next due:
Last:

Officers (0 active · 2 resigned)

O'NEILL, Stephen
secretary · appointed 2009-10-28
View their other companies + combined net worth →
Active
GAFFNEY, James Gerard
director · ~66y · appointed 2009-10-28
View their other companies + combined net worth →
Active
BARR, Alan Lamont
director · ~66y · appointed 2009-09-14 · resigned 2009-10-28
Resigned
LYCIDAS NOMINEES LIMITED
corporate-nominee-director · appointed 2009-09-14 · resigned 2009-10-28
Resigned

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

Recent filings (9 total)

gazette-dissolved-compulsory
gazette · GAZ2
2011-05-06
gazette-notice-compulsory
gazette · GAZ1
2011-01-07
appoint-person-director-company-with-name
officers · AP01
2009-10-28
termination-director-company-with-name
officers · TM01
2009-10-28
termination-director-company-with-name
officers · TM01
2009-10-28
change-registered-office-address-company-with-date-old-address
address · AD01
2009-10-28
appoint-person-secretary-company-with-name
officers · AP03
2009-10-28
resolution
resolution · RESOLUTIONS
2009-10-16
incorporation-company
incorporation · NEWINC
2009-09-14