EWAN & MACKAY LTD

⚰️Wound downdissolved
SC376318 · ltd · incorporated 2010-04-07
Investment thesis
Company dissolved — not a live target.
Why interesting: Historical record only; useful for precedent research.
Why risky: Not transactable.
🔒Estimated value
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Turnover
not disclosed
Net worth
book net assets
Opportunity
58/100
Worth a look
🔔
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What this business does
Primary activity: SIC 4521
Sector: Wholesale & retail
Investor take
Pass (distressed without resilience)
Distressed unclear — structural issues outweigh the discount.

Opportunity 58/100 (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 (58/100).

Data confidence

Overall: low (47/100)

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
2 officers (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
1 connected companies via shared directors
48
Filing history
6 filings
60
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
58/100Worth 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
60
Some acquirability indicators.
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 (10 events)Click to expand
  1. 2012-11-09
    📄
    gazette-dissolved-voluntary
    gazette · GAZ2(A)
  2. 2012-11-09
    🏁
    Company dissolved
  3. 2012-07-20
    📄
    gazette-notice-voluntary
    gazette · GAZ1(A)
  4. 2012-07-09
    📄
    dissolution-application-strike-off-company
    dissolution · DS01
  5. 2011-12-15
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  6. 2011-04-26
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  7. 2010-04-07
    🏢
    Company incorporated
    As EWAN & MACKAY LTD
  8. 2010-04-07
    EWAN, Gary appointed
    director
  9. 2010-04-07
    MACKAY, Andrew appointed
    director
  10. 2010-04-07
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

88/100
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 "EWAN" — strong identity link between founder and business.
  • +Long-tenure founder: Senior director has been in place 16 years — deep operational knowledge concentrated in one person.
  • +No director turnover: Company is 16 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

59/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • 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

1 high ·
Company dissolved
high

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

Evidence: Dissolved on 2012-11-09

🔒Co-director network graph

Radial SVG graph showing every company connected via shared directors, colour-coded by status.

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
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7 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
Incorporated2010-04-07
Jurisdictionscotland
Primary SIC4521 — SIC 4521

Registered office

Birnam Cottage
Old Obsdale Road
Alness
Ross-Shire
IV17 0TX
Scotland

Filing status

Accounts
Next due:
Last made up to: 2011-04-30
Confirmation statement
Next due:
Last:

Officers (0 active · 0 resigned)

EWAN, Gary
director · ~39y · appointed 2010-04-07
View their other companies + combined net worth →
Active
MACKAY, Andrew
director · ~42y · appointed 2010-04-07
View their other companies + combined net worth →
Active

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

Recent filings (6 total)

gazette-dissolved-voluntary
gazette · GAZ2(A)
2012-11-09
gazette-notice-voluntary
gazette · GAZ1(A)
2012-07-20
dissolution-application-strike-off-company
dissolution · DS01
2012-07-09
accounts-with-accounts-type-dormant
accounts · AA
2011-12-15
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2011-04-26
incorporation-company
incorporation · NEWINC
2010-04-07