FW 123 LIMITED

⚰️Wound downdissolved
SC373435 · ltd · incorporated 2010-02-23
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 15.8y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
53/100
Worth a look
🔔
Follow this company (free)
Email alerts on filings, charges, director changes, gazette notices. No account needed.

Unsubscribe any time from any email. GDPR-respectful.

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch
What this business does
Primary activity: SIC 47250
Sector: Wholesale & retail
Investor take
Pass (distressed without resilience)
Distressed unclear — structural issues outweigh the discount.

Opportunity 53/100 (worth a look), bankability 60/100. Strong seller-intent signal (88/100, director aged 65). 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: strategic trade sale (53/100). Current lenders should be on monthly review.

🏦

Refinance opportunity

2 live charges · oldest 15.8y

65/100
clean up first

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

  • · Oldest live charge is 15.8 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 35/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (59/100)

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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
3 officers (3 active, 3 linked, 2 with DOB)
83
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
8 connected companies via shared directors
69
Filing history
32 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
53/100Worth a look
PassWatchWorth a lookStrongExceptional 

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality
10
Concerning — overdue filings or status flags present.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
49
Multiple red flags — proceed with caution.
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 (32 events)Click to expand
  1. 2019-01-02
    ⚠️
    gazette-dissolved-liquidation
    gazette · GAZ2
  2. 2019-01-02
    🏁
    Company dissolved
  3. 2018-10-02
    ⚠️
    liquidation-voluntary-return-of-final-meeting-scotland
    insolvency · 4.26(Scot)
  4. 2018-05-08
    📄
    resolution
    resolution · RESOLUTIONS
  5. 2018-03-22
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  6. 2018-03-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2018-03-01
    📄
    change-account-reference-date-company-previous-extended
    accounts · AA01
  8. 2017-11-07
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  9. 2017-11-07
    🔓
    Charge satisfied #1
  10. 2017-10-26
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  11. 2017-10-26
    🔓
    Charge satisfied #2
  12. 2017-09-26
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  13. 2017-09-26
    📄
    resolution
    resolution · RESOLUTIONS
  14. 2017-01-06
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2016-03-23
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2016-02-29
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  17. 2016-02-29
    📄
    change-person-director-company-with-change-date
    officers · CH01
  18. 2016-02-29
    📄
    change-person-director-company-with-change-date
    officers · CH01
  19. 2016-02-29
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  20. 2015-09-09
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  21. 2015-04-01
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  22. 2015-03-31
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  23. 2014-03-28
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  24. 2014-03-21
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  25. 2013-03-27
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  26. 2013-03-15
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  27. 2010-08-09
    🔒
    Charge registered #2
    Lender: Clydesdale Bank PLC
  28. 2010-06-30
    🔒
    Charge registered #1
    Lender: Clydesdale Bank PLC
  29. 2010-02-23
    🏢
    Company incorporated
    As FW 123 LIMITED
  30. 2010-02-23
    ➕
    GARRETT, Nicholas appointed
    secretary
  31. 2010-02-23
    ➕
    GARRETT, Nicholas John appointed
    director
  32. 2010-02-23
    ➕
    GARRETT, Sharon Angela appointed
    director

Owner dependency

96/100
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.
  • +Long-tenure founder: Senior director has been in place 16 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 65 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
  • +No director turnover: Company is 16 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

79/100
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 65. Approaching typical UK retirement age — succession thinking likely.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • 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

2 high ·
Company dissolved
high

Company has been dissolved — it no longer legally exists. Any diligence here is historical only.

Evidence: Dissolved on 2019-01-02

2 insolvency-related filings on record
high

Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.

Evidence: 2019-01-02: gazette-dissolved-liquidation; 2018-10-02: liquidation-voluntary-return-of-final-meeting-scotland

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Nicholas John Garrett
Individual · British · DOB 10/1961 · age 65
25–50%
25–50%25-50% shares · 25-50% voting23/02/2017
Mrs Sharon Angela Garrett
Individual · British · DOB 09/1963 · age 63
25–50%
25–50%25-50% shares · 25-50% voting23/02/2017

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 →

Similar companies

Active · Retail · AB postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
ARDEN (SCOTLAND) LTD→
SC704272 · est 2021 · no financials extracted
————4y——
ATHLETE LIMITED→
SC590022 · est 2018 · no financials extracted
————8y——
AURORA BIKE COMPS LIMITED→
SC852585 · est 2025 · no financials extracted
———————
BALTYK DELICATESSEN STORE LTD→
SC858450 · est 2025 · no financials extracted
———————
BANCHORY HOME LTD→
SC635266 · est 2019 · no financials extracted
————6y——
BAST CRYSTALS LTD→
SC736537 · est 2022 · no financials extracted
————3y——
BEE CABIN LTD→
SC757478 · est 2023 · no financials extracted
————3y——
BELLGRAY LTD→
SC840098 · est 2025 · no financials extracted
————1y——
BELTIE ENTERPRISES LTD→
SC756290 · est 2023 · no financials extracted
————3y——
BEN DURACK DESIGN LTD→
SC686885 · est 2021 · no financials extracted
————5y——
BENNACHIE LIMITED→
SC778445 · est 2023 · no financials extracted
————2y——
BERRY'S OF OLDMELDRUM→
SC248228 · est 2003 · no financials extracted
————22y——
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

10 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
Incorporated2010-02-23
Jurisdictionscotland
Primary SIC47250 — SIC 47250

Registered office

86 Desswood Place
Aberdeen
Grampian
AB15 4DQ
Scotland

Filing status

Accounts
Next due: —
Last made up to: 2017-09-30
Confirmation statement
Next due: —
Last: —

Officers (0 active · 0 resigned)

GARRETT, Nicholas→
secretary · appointed 2010-02-23
View their other companies + combined net worth →
Active
GARRETT, Nicholas John→
director · ~65y · appointed 2010-02-23
View their other companies + combined net worth →
Active
GARRETT, Sharon Angela→
director · ~63y · appointed 2010-02-23
View their other companies + combined net worth →
Active

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

Mortgages & charges

2
Total charges
0
Outstanding
0
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
satisfied
Virgin Money
Clydesdale Bank PLC
Standard security1 property09/08/201026/10/2017
satisfied
Virgin Money
Clydesdale Bank PLC
Floating charge1 property30/06/201007/11/2017

Recent filings (32 total)

gazette-dissolved-liquidation
gazette · GAZ2
2019-01-02
liquidation-voluntary-return-of-final-meeting-scotland
insolvency · 4.26(Scot)
2018-10-02
resolution
resolution · RESOLUTIONS
2018-05-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2018-03-23
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2018-03-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-03-22
change-account-reference-date-company-previous-extended
accounts · AA01
2018-03-01
mortgage-satisfy-charge-full
mortgage · MR04
2017-11-07
mortgage-satisfy-charge-full
mortgage · MR04
2017-10-26
certificate-change-of-name-company
change-of-name · CERTNM
2017-09-26
resolution
resolution · RESOLUTIONS
2017-09-26
confirmation-statement-with-updates
confirmation-statement · CS01
2017-02-27
accounts-with-accounts-type-total-exemption-small
accounts · AA
2017-01-06
accounts-with-accounts-type-total-exemption-small
accounts · AA
2016-03-23
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2016-02-29