BASE ANTENNA SYSTEMS LTD

⚰️Wound downdissolved
SC388040 · ltd · incorporated 2010-11-02
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
59/100
Worth a look
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What this business does
Primary activity: SIC 33190
Sector: Manufacturing
Investor take
Pass (distressed without resilience)
Distressed unclear — structural issues outweigh the discount.

Opportunity 59/100 (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: medium (56/100)

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
Confirmed no charges registered
85
Directors & officers
5 officers (2 active, 5 linked, 3 with DOB)
82
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
35 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
59/100Worth 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
65
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 (31 events)Click to expand
  1. 2021-04-20
    📄
    gazette-dissolved-voluntary
    gazette · GAZ2(A)
  2. 2021-04-20
    🏁
    Company dissolved
  3. 2021-02-02
    📄
    gazette-notice-voluntary
    gazette · GAZ1(A)
  4. 2021-01-26
    📄
    dissolution-application-strike-off-company
    dissolution · DS01
  5. 2020-10-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2020-10-16
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  7. 2020-09-01
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2019-06-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2018-06-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2017-08-18
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  11. 2016-08-11
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  12. 2015-11-06
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  13. 2015-03-27
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  14. 2014-11-07
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  15. 2014-08-15
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2013-11-18
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  17. 2013-08-22
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  18. 2012-11-28
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  19. 2012-04-30
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  20. 2011-11-21
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  21. 2011-11-21
    📄
    change-person-director-company-with-change-date
    officers · CH01
  22. 2011-11-21
    📄
    termination-director-company-with-name
    officers · TM01
  23. 2011-10-31
    ➖
    SHELF SECRETARY LIMITED resigned
    corporate-secretary
  24. 2011-10-31
    ➖
    SHELF DIRECTOR LIMITED resigned
    corporate-director
  25. 2011-02-04
    ➕
    MACFADYEN, Fergus John appointed
    director
  26. 2011-02-04
    ➕
    RATTRAY, Stuart James appointed
    director
  27. 2011-02-04
    ➖
    BEVERIDGE, David Brannigan resigned
    director
  28. 2010-11-02
    🏢
    Company incorporated
    As BASE ANTENNA SYSTEMS LTD
  29. 2010-11-02
    ➕
    SHELF SECRETARY LIMITED appointed
    corporate-secretary
  30. 2010-11-02
    ➕
    BEVERIDGE, David Brannigan appointed
    director
  31. 2010-11-02
    ➕
    SHELF DIRECTOR LIMITED appointed
    corporate-director

Owner dependency

68/100
High — earn-out structure required

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

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Long-tenure founder: Senior director has been in place 15 years — deep operational knowledge concentrated in one person.

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 15 years.
  • secondaryStable-but-static management: Company is 15 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 2021-04-20

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Stuart James Rattray
Individual · British · DOB 06/1976 · age 50
25–50%
—25-50% shares06/04/2016
Mr Fergus John Macfadyen
Individual · British · DOB 11/1974 · age 52
25–50%
—25-50% shares06/04/2016

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 →

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

7 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 →
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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.

Available from the Pro tier upwards.

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Company details

Statusdissolved
Typeltd
Incorporated2010-11-02
Jurisdictionscotland
Primary SIC33190 — SIC 33190

Registered office

Standard Buildings (4th Fl.)
94 Hope Street
Glasgow
Lanarkshire
G2 6PH

Filing status

Accounts
Next due: —
Last made up to: 2020-03-31
Confirmation statement
Next due: —
Last: —

Officers (0 active · 3 resigned)

MACFADYEN, Fergus John→
director · ~52y · appointed 2011-02-04
View their other companies + combined net worth →
Active
RATTRAY, Stuart James→
director · ~50y · appointed 2011-02-04
View their other companies + combined net worth →
Active
SHELF SECRETARY LIMITED→
corporate-secretary · appointed 2010-11-02 · resigned 2011-10-31
Resigned
BEVERIDGE, David Brannigan→
director · ~52y · appointed 2010-11-02 · resigned 2011-02-04
Resigned
SHELF DIRECTOR LIMITED→
corporate-director · appointed 2010-11-02 · resigned 2011-10-31
Resigned

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

Recent filings (35 total)

gazette-dissolved-voluntary
gazette · GAZ2(A)
2021-04-20
gazette-notice-voluntary
gazette · GAZ1(A)
2021-02-02
dissolution-application-strike-off-company
dissolution · DS01
2021-01-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-10-16
change-account-reference-date-company-previous-shortened
accounts · AA01
2020-10-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-09-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-11-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-06-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2018-11-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-06-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2017-11-09
accounts-with-accounts-type-total-exemption-small
accounts · AA
2017-08-18
confirmation-statement-with-updates
confirmation-statement · CS01
2016-11-03
accounts-with-accounts-type-total-exemption-small
accounts · AA
2016-08-11
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2015-11-06