WALLACE STREET LIMITED
Opportunity 47/100 (watch), bankability 50/100. High owner-dependency — earn-out structure likely required for clean transition. 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). Current lenders should be on monthly review.
Data confidence
Overall: medium (58/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Not actionable now, but monitor — distressed, succession, or structural changes could flip this into a real opportunity.
Recent activity
Corporate timeline (25 events)Click to expand
- 2024-04-03⚠️gazette-dissolved-liquidationgazette · GAZ2
- 2024-04-03🏁Company dissolved
- 2024-01-03⚠️liquidation-voluntary-creditors-return-of-final-meeting-scotlandinsolvency · LIQ14(Scot)
- 2022-10-18📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2022-10-17📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2022-10-12📄resolutionresolution · RESOLUTIONS
- 2022-07-20📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2022-07-07📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2022-01-19📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2021-12-23📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-07-08➖LIGHTBODY, Katherine resigneddirector
- 2021-07-08➖PARTTIL LIMITED resignedcorporate-director
- 2021-07-08📄termination-director-company-with-name-termination-dateofficers · TM01
- 2021-07-08📄termination-director-company-with-name-termination-dateofficers · TM01
- 2021-06-29📄accounts-with-accounts-type-dormantaccounts · AA
- 2021-03-29📄change-account-reference-date-company-previous-shortenedaccounts · AA01
- 2020-08-21📄appoint-corporate-director-company-with-name-dateofficers · AP02
- 2020-08-01➕PARTTIL LIMITED appointedcorporate-director
- 2020-03-06📄change-account-reference-date-company-current-shortenedaccounts · AA01
- 2020-01-24📄change-person-director-company-with-change-dateofficers · CH01
- 2019-11-26➕SPENCE, Stuart John appointeddirector
- 2019-11-26📄appoint-person-director-company-with-name-dateofficers · AP01
- 2019-06-27🏢Company incorporatedAs WALLACE STREET LIMITED
- 2019-06-27➕LIGHTBODY, Katherine appointeddirector
- 2019-06-27📄incorporation-companyincorporation · NEWINC
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Sole director: Only one active director — all governance concentrated on one person.
- +Senior director age: Director aged approximately 63 — approaching natural succession window.
Succession & seller-readiness
Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.
- primaryFounder aged 63+: Senior director is approximately 63. Approaching typical UK retirement age — succession thinking likely.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
Red flags
2 high ·Company has been dissolved — it no longer legally exists. Any diligence here is historical only.
Evidence: Dissolved on 2024-04-03
Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2024-04-03: gazette-dissolved-liquidation; 2024-01-03: liquidation-voluntary-creditors-return-of-final-meeting-scotland
Shareholders & ownership
1 active beneficial owner| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Stuart John Spence Individual · Scottish · DOB 06/1963 · age 63 | — | — | sig. influencesignificant influence | 20/07/2022 |
1 historic (ceased) PSC
- Ms Katherine Airdceased 08/07/2021· 75-100% shares · 75-100% voting · board control
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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10 specific questions generated from this company's actual signals — liquidity, leverage, director age, charge count, red flags, age-of-company.
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Registered office
Filing status
Officers (0 active · 2 resigned)
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