HDF GENERAL PARTNER III LIMITED

⚰️Wound downdissolved
SC369120 · ltd · incorporated 2009-11-25
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 15.0y 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: Activities of financial services holding companies
Sector: Financial & insurance
Investor take
Pass (distressed without resilience)
Distressed asset-holding vehicle — structural issues outweigh the discount.

Opportunity 64/100 (worth a look), bankability 75/100. Strong seller-intent signal (65/100, director aged 64). 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).

🏦

Refinance opportunity

1 live charge · oldest 15.0y

65/100
clean up first

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

  • · Oldest live charge is 15.0 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: 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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
6 officers (1 active, 6 linked, 4 with DOB)
83
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
10 connected companies via shared directors
75
Filing history
28 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 (39 events)Click to expand
  1. 2015-05-01
    📄
    gazette-dissolved-compulsory
    gazette · GAZ2
  2. 2015-05-01
    🏁
    Company dissolved
  3. 2015-01-09
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  4. 2014-10-17
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  5. 2014-01-31
    ➖
    HMS SECRETARIES LIMITED resigned
    corporate-secretary
  6. 2013-12-23
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  7. 2013-12-23
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  8. 2013-12-21
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  9. 2013-12-19
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  10. 2013-12-19
    📄
    change-person-director-company-with-change-date
    officers · CH01
  11. 2013-12-06
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  12. 2013-05-03
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  13. 2013-02-07
    ➖
    LIVINGSTON, James Fraser resigned
    director
  14. 2012-12-11
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  15. 2012-12-10
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  16. 2012-12-07
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  17. 2012-05-30
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  18. 2012-01-31
    ➖
    KEARNEY, Douglas Richard resigned
    director
  19. 2011-12-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  20. 2011-12-20
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  21. 2011-04-08
    📄
    legacy
    mortgage · MG01s
  22. 2011-04-06
    🔒
    Charge registered #1
    Lender: Co-Operative Bank PLC
  23. 2010-12-21
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  24. 2010-04-07
    📄
    appoint-person-director-company-with-name
    officers · AP01
  25. 2010-04-06
    📄
    appoint-person-director-company-with-name
    officers · AP01
  26. 2010-04-06
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  27. 2010-04-06
    📄
    resolution
    resolution · RESOLUTIONS
  28. 2010-03-29
    ➕
    KEARNEY, Douglas Richard appointed
    director
  29. 2010-03-29
    ➕
    LIVINGSTON, James Fraser appointed
    director
  30. 2009-12-10
    📄
    appoint-person-director-company-with-name
    officers · AP01
  31. 2009-12-09
    📄
    termination-director-company-with-name
    officers · TM01
  32. 2009-12-09
    📄
    termination-director-company-with-name
    officers · TM01
  33. 2009-12-02
    ➕
    DUFF, George Ramsay appointed
    director
  34. 2009-12-02
    ➖
    MUNRO, Donald John resigned
    director
  35. 2009-12-02
    ➖
    HMS DIRECTORS LIMITED resigned
    corporate-director
  36. 2009-11-25
    🏢
    Company incorporated
    As HDF GENERAL PARTNER III LIMITED
  37. 2009-11-25
    ➕
    HMS SECRETARIES LIMITED appointed
    corporate-secretary
  38. 2009-11-25
    ➕
    MUNRO, Donald John appointed
    director
  39. 2009-11-25
    ➕
    HMS DIRECTORS LIMITED appointed
    corporate-director

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 16 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 64 — approaching natural succession window.

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 64. 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 16 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 2015-05-01

🔒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
Typeltd
Incorporated2009-11-25
Jurisdictionscotland
Primary SIC64205 — Activities of financial services holding companies

Registered office

The Ca'D'Oro
45 Gordon Street
Glasgow
G1 3PE

Filing status

Accounts
Next due: —
Last made up to: 2012-11-30
Confirmation statement
Next due: —
Last: —

Officers (0 active · 5 resigned)

DUFF, George Ramsay→
director · ~64y · appointed 2009-12-02
View their other companies + combined net worth →
Active
HMS SECRETARIES LIMITED→
corporate-secretary · appointed 2009-11-25 · resigned 2014-01-31
Resigned
KEARNEY, Douglas Richard→
director · ~71y · appointed 2010-03-29 · resigned 2012-01-31
Resigned
LIVINGSTON, James Fraser→
director · ~79y · appointed 2010-03-29 · resigned 2013-02-07
Resigned
MUNRO, Donald John→
director · ~55y · appointed 2009-11-25 · resigned 2009-12-02
Resigned
HMS DIRECTORS LIMITED→
corporate-director · appointed 2009-11-25 · resigned 2009-12-02
Resigned

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
Co-operative Bank
Co-Operative Bank PLC
Standard security1 property06/04/2011—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (28 total)

gazette-dissolved-compulsory
gazette · GAZ2
2015-05-01
gazette-notice-compulsory
gazette · GAZ1
2015-01-09
termination-secretary-company-with-name-termination-date
officers · TM02
2014-10-17
accounts-with-accounts-type-total-exemption-small
accounts · AA
2013-12-23
accounts-with-accounts-type-total-exemption-small
accounts · AA
2013-12-23
gazette-filings-brought-up-to-date
gazette · DISS40
2013-12-21
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2013-12-19
change-person-director-company-with-change-date
officers · CH01
2013-12-19
gazette-notice-compulsory
gazette · GAZ1
2013-12-06
termination-director-company-with-name-termination-date
officers · TM01
2013-05-03
gazette-filings-brought-up-to-date
gazette · DISS40
2012-12-11
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2012-12-10
gazette-notice-compulsory
gazette · GAZ1
2012-12-07
termination-director-company-with-name-termination-date
officers · TM01
2012-05-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2011-12-28