HLB DESIGNS LTD

⚰️Wound downdissolved
SC398043 · ltd · incorporated 2011-04-19
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
63/100
Worth a look
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What this business does
Primary activity: Non-trading company
Sector: Professional, scientific & technical
Investor take
Pass (distressed without resilience)
Distressed dormant / non-trading — structural issues outweigh the discount.

Opportunity 63/100 (worth a look), bankability 70/100. Strong seller-intent signal (78/100, director aged 80). 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 (65/100).

Data confidence

Overall: low (50/100)

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
4 officers (3 active, 4 linked, 3 with DOB)
85
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
7 connected companies via shared directors
66
Filing history
13 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
63/100Worth 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
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 (20 events)Click to expand
  1. 2014-09-19
    📄
    gazette-dissolved-voluntary
    gazette · GAZ2(A)
  2. 2014-09-19
    🏁
    Company dissolved
  3. 2014-05-30
    📄
    gazette-notice-voluntary
    gazette · GAZ1(A)
  4. 2014-05-14
    📄
    dissolution-application-strike-off-company
    dissolution · DS01
  5. 2014-04-30
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  6. 2014-04-16
    📄
    change-corporate-secretary-company-with-change-date
    officers · CH04
  7. 2013-05-17
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  8. 2012-05-01
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  9. 2012-04-20
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  10. 2011-09-15
    📄
    capital-allotment-shares
    capital · SH01
  11. 2011-04-27
    📄
    termination-director-company-with-name
    officers · TM01
  12. 2011-04-27
    📄
    appoint-person-director-company-with-name
    officers · AP01
  13. 2011-04-27
    📄
    appoint-person-director-company-with-name
    officers · AP01
  14. 2011-04-19
    🏢
    Company incorporated
    As HLB DESIGNS LTD
  15. 2011-04-19
    ➕
    JAMES AND GEORGE COLLIE LLP appointed
    corporate-secretary
  16. 2011-04-19
    ➕
    HASTIE, Michael Campbell appointed
    director
  17. 2011-04-19
    ➕
    HASTIE, Niall Campbell appointed
    director
  18. 2011-04-19
    ➕
    MILLER, Innes Richard appointed
    director
  19. 2011-04-19
    ➖
    MILLER, Innes Richard resigned
    director
  20. 2011-04-19
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

91/100
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 15 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 80 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

89/100
Likely off-market candidate

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

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 80 years old. Natural succession window is now.
  • 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 2014-09-19

🔒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.

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Company details

Statusdissolved
Typeltd
Incorporated2011-04-19
Jurisdictionscotland
Primary SIC74990 — Non-trading company

Registered office

1 East Craibstone Street
Aberdeen
AB11 6YQ

Filing status

Accounts
Next due: —
Last made up to: 2012-04-30
Confirmation statement
Next due: —
Last: —

Officers (0 active · 1 resigned)

JAMES AND GEORGE COLLIE LLP→
corporate-secretary · appointed 2011-04-19
View their other companies + combined net worth →
Active
HASTIE, Michael Campbell→
director · ~80y · appointed 2011-04-19
View their other companies + combined net worth →
Active
HASTIE, Niall Campbell→
director · ~53y · appointed 2011-04-19
View their other companies + combined net worth →
Active
MILLER, Innes Richard→
director · ~66y · appointed 2011-04-19 · resigned 2011-04-19
Resigned

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

Recent filings (13 total)

gazette-dissolved-voluntary
gazette · GAZ2(A)
2014-09-19
gazette-notice-voluntary
gazette · GAZ1(A)
2014-05-30
dissolution-application-strike-off-company
dissolution · DS01
2014-05-14
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2014-04-30
change-corporate-secretary-company-with-change-date
officers · CH04
2014-04-16
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2013-05-17
accounts-with-accounts-type-dormant
accounts · AA
2012-05-01
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2012-04-20
capital-allotment-shares
capital · SH01
2011-09-15
termination-director-company-with-name
officers · TM01
2011-04-27
appoint-person-director-company-with-name
officers · AP01
2011-04-27
appoint-person-director-company-with-name
officers · AP01
2011-04-27
incorporation-company
incorporation · NEWINC
2011-04-19