COSALT OFFSHORE HOLDINGS LIMITED
⚰️Wound downdissolved
SC442496 · ltd · incorporated 2013-02-11
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
55/100
Worth a look
What this business does
Primary activity: SIC 09100
Sector: Mining & quarrying
ALSO REGISTERED FOR
- 77390Renting and leasing of other machinery, equipment and tangible goods n.e.c.
Investor take
Pass (distressed without resilience)Distressed unclear — structural issues outweigh the discount.
Opportunity 55/100 (worth a look), bankability 72/100. Strong seller-intent signal (60/100, director aged 59). Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).
🏦
Refinance opportunity
4 live charges · 4 lenders · oldest 13.2y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 13.2 years old — likely at or near maturity.
- · 4 lenders named — inter-creditor friction likely.
- · Legal-friction score 25/100 — workable, but lender will want more DD.
Data confidence
Overall: low (52/100)Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.
Company profile
address, 2 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
7 officers (4 active, 7 linked, 4 with DOB)
81
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
20 connected companies via shared directors
90
Filing history
48 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
55/100Worth 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
75
Strong succession / seller-readiness signals.
Risk profile
41
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 (45 events)Click to expand
- 2015-09-25📄gazette-dissolved-voluntarygazette · GAZ2(A)
- 2015-09-25🏁Company dissolved
- 2015-06-05📄gazette-notice-voluntarygazette · GAZ1(A)
- 2015-05-21📄dissolution-application-strike-off-companydissolution · DS01
- 2015-05-16📄mortgage-satisfy-charge-fullmortgage · MR04
- 2015-05-16🔓Charge satisfied #3
- 2015-03-14📄mortgage-satisfy-charge-fullmortgage · MR04
- 2015-03-14🔓Charge satisfied #4
- 2015-03-09📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2015-01-29📄miscellaneousmiscellaneous · MISC
- 2014-11-07📄legacycapital · SH20
- 2014-11-07⚠️legacyinsolvency · CAP-SS
- 2014-11-07📄resolutionresolution · RESOLUTIONS
- 2014-11-07📄capital-statement-capital-company-with-date-currency-figurecapital · SH19
- 2014-11-07📄resolutionresolution · RESOLUTIONS
- 2014-11-07📄capital-allotment-sharescapital · SH01
- 2014-11-07📄resolutionresolution · RESOLUTIONS
- 2014-11-07📄capital-allotment-sharescapital · SH01
- 2014-10-23📄accounts-with-accounts-type-fullaccounts · AA
- 2014-02-17📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2013-11-20📄termination-director-company-with-nameofficers · TM01
- 2013-11-18📄capital-variation-of-rights-attached-to-sharescapital · SH10
- 2013-11-15📄mortgage-alter-floating-chargemortgage · 466(Scot)
- 2013-11-13📄termination-secretary-company-with-nameofficers · TM02
- 2013-11-09📄mortgage-alter-floating-chargemortgage · 466(Scot)
- 2013-11-08📄mortgage-create-with-deed-with-charge-numbermortgage · MR01
- 2013-11-08📄mortgage-alter-floating-chargemortgage · 466(Scot)
- 2013-11-07📄appoint-person-secretary-company-with-nameofficers · AP03
- 2013-11-05🔓Charge satisfied #2
- 2013-11-05🔓Charge satisfied #1
- 2013-11-01➕LEASK, Euan Alexander Edmondston appointedsecretary
- 2013-11-01➕BURNESS PAULL LLP appointedcorporate-secretary
- 2013-11-01➖D.W. COMPANY SERVICES LIMITED resignedcorporate-secretary
- 2013-11-01➖DEAN, Lawrence George resigneddirector
- 2013-11-01➖FORBES, Robert Gordon resigneddirector
- 2013-11-01🔒Charge registered #4Lender: Nbgi Private Equity (Tranche Ii) LP as Agent and Security Trustee
- 2013-11-01🔒Charge registered #3Lender: Clydesdale Bank PLC
- 2013-02-15➕MOORHOUSE, Keith appointeddirector
- 2013-02-15➕FORBES, Robert Gordon appointeddirector
- 2013-02-15🔒Charge registered #2Lender: Nbgi Private Equity (Tranche Ii) LP
- 2013-02-15🔒Charge registered #1Lender: Centric SPV1 Limited
- 2013-02-11🏢Company incorporatedAs COSALT OFFSHORE HOLDINGS LIMITED
- 2013-02-11➕LEASK, Euan Alexander Edmondston appointeddirector
- 2013-02-11➕D.W. COMPANY SERVICES LIMITED appointedcorporate-secretary
- 2013-02-11➕DEAN, Lawrence George appointeddirector
Owner dependency
66/100
High — earn-out structure requiredMaterial 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.
- +Senior director age: Director aged approximately 59 — approaching natural succession window.
Succession & seller-readiness
59/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- secondaryFounder aged 58+: Senior director is approximately 59. Early succession window.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- secondary12+ year tenure: Director in role 13 years.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
2 high · 1 med ·Company dissolved
highCompany has been dissolved — it no longer legally exists. Any diligence here is historical only.
Evidence: Dissolved on 2015-09-25
1 insolvency-related filing on record
highFilings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2014-11-07: legacy
Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
🔒Co-director network graph
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
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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
Incorporated2013-02-11
Jurisdictionscotland
Primary SIC09100 — SIC 09100
Registered office
Union Plaza (6th Floor)
1 Union Wynd
Aberdeen
AB10 1DQ
Filing status
Accounts
Next due: —
Last made up to: 2013-10-31
Confirmation statement
Next due: —
Last: —
Officers (0 active · 3 resigned)
LEASK, Euan Alexander Edmondston→
Activesecretary · appointed 2013-11-01
View their other companies + combined net worth →
BURNESS PAULL LLP→
Activecorporate-secretary · appointed 2013-11-01
View their other companies + combined net worth →
LEASK, Euan Alexander Edmondston→
Activedirector · ~54y · appointed 2013-02-11
View their other companies + combined net worth →
MOORHOUSE, Keith→
Activedirector · ~59y · appointed 2013-02-15
View their other companies + combined net worth →
D.W. COMPANY SERVICES LIMITED→
Resignedcorporate-secretary · appointed 2013-02-11 · resigned 2013-11-01
DEAN, Lawrence George→
Resigneddirector · ~50y · appointed 2013-02-11 · resigned 2013-11-01
FORBES, Robert Gordon→
Resigneddirector · ~67y · appointed 2013-02-15 · resigned 2013-11-01
Click a director name to see their full track record across all companies.
Mortgages & charges
4
Total charges
0
Outstanding
0
Active lenders
Status:Lender:4 of 4 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Nbgi Private Equity (Tranche Ii) LP as Agent and Security Trustee | A registered charge | 1 property | 01/11/2013 | 14/03/2015 | |
| satisfied | Virgin Money Clydesdale Bank PLC | A registered charge | 1 property | 01/11/2013 | 16/05/2015 | |
| satisfied | Nbgi Private Equity (Tranche Ii) LP | Bond & floating charge | 1 property | 15/02/2013 | 05/11/2013 | |
| satisfied | Centric SPV1 Centric SPV1 Limited | Bond & floating charge | 1 property | 15/02/2013 | 05/11/2013 |
Recent filings (48 total)
gazette-dissolved-voluntary
gazette · GAZ2(A)
2015-09-25
gazette-notice-voluntary
gazette · GAZ1(A)
2015-06-05
dissolution-application-strike-off-company
dissolution · DS01
2015-05-21
mortgage-satisfy-charge-full
mortgage · MR04
2015-05-16
mortgage-satisfy-charge-full
mortgage · MR04
2015-03-14
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2015-03-09
miscellaneous
miscellaneous · MISC
2015-01-29
legacy
capital · SH20
2014-11-07
legacy
insolvency · CAP-SS
2014-11-07
resolution
resolution · RESOLUTIONS
2014-11-07
capital-statement-capital-company-with-date-currency-figure
capital · SH19
2014-11-07
resolution
resolution · RESOLUTIONS
2014-11-07
capital-allotment-shares
capital · SH01
2014-11-07
resolution
resolution · RESOLUTIONS
2014-11-07
capital-allotment-shares
capital · SH01
2014-11-07