NORSTADA LIMITED

⚰️Wound downdissolved
SC664776 · ltd · incorporated 2020-06-19
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: Development of building projects
Sector: Construction
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 (73/100).

Data confidence

Overall: medium (57/100)

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
3 officers (1 active, 3 linked, 3 with DOB)
90
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
14 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
25
Concerning — overdue filings or status flags present.
Acquirability
70
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. 2022-10-18
    📄
    gazette-dissolved-voluntary
    gazette · GAZ2(A)
  2. 2022-10-18
    🏁
    Company dissolved
  3. 2022-08-02
    📄
    gazette-notice-voluntary
    gazette · GAZ1(A)
  4. 2022-07-27
    CHEAPE, Andrew Hamilton resigned
    director
  5. 2022-07-27
    MORAN, Barrie Francis resigned
    director
  6. 2022-07-27
    📄
    dissolution-application-strike-off-company
    dissolution · DS01
  7. 2022-07-27
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  8. 2022-07-27
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  9. 2022-07-27
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  10. 2022-07-27
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  11. 2022-02-10
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  12. 2020-07-23
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  13. 2020-07-23
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  14. 2020-07-23
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  15. 2020-07-23
    📄
    withdrawal-of-a-person-with-significant-control-statement
    persons-with-significant-control · PSC09
  16. 2020-06-19
    🏢
    Company incorporated
    As NORSTADA LIMITED
  17. 2020-06-19
    FYFFE, Scott Stewart appointed
    director
  18. 2020-06-19
    CHEAPE, Andrew Hamilton appointed
    director
  19. 2020-06-19
    MORAN, Barrie Francis appointed
    director
  20. 2020-06-19
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

83/100
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
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +Senior director age: Director aged approximately 59 — approaching natural succession window.

Succession & seller-readiness

55/100
Strong succession signal

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

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 59. Early succession window.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

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 2022-10-18

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr Scott Stewart Fyffe
Individual · Scottish · DOB 12/1967 · age 59
2550%
25-50% shares19/06/2020
2 historic (ceased) PSCs
  • Mr Barrie Francis Moranceased 27/07/2022· 25-50% shares
  • Mr Andrew Hamilton Cheapeceased 27/07/2022· 25-50% shares

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.

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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.

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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
Incorporated2020-06-19
Jurisdictionscotland
Primary SIC41100 — Development of building projects

Registered office

6b Newhailes Business Park
Newhailes Road
Musselburgh
EH21 6RH
Scotland

Filing status

Accounts
Next due:
Last made up to: 2021-06-30
Confirmation statement
Next due:
Last:

Officers (0 active · 2 resigned)

FYFFE, Scott Stewart
director · ~59y · appointed 2020-06-19
View their other companies + combined net worth →
Active
CHEAPE, Andrew Hamilton
director · ~49y · appointed 2020-06-19 · resigned 2022-07-27
Resigned
MORAN, Barrie Francis
director · ~48y · appointed 2020-06-19 · resigned 2022-07-27
Resigned

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

Recent filings (14 total)

gazette-dissolved-voluntary
gazette · GAZ2(A)
2022-10-18
gazette-notice-voluntary
gazette · GAZ1(A)
2022-08-02
dissolution-application-strike-off-company
dissolution · DS01
2022-07-27
termination-director-company-with-name-termination-date
officers · TM01
2022-07-27
termination-director-company-with-name-termination-date
officers · TM01
2022-07-27
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2022-07-27
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2022-07-27
accounts-with-accounts-type-dormant
accounts · AA
2022-02-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-06-22
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2020-07-23
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2020-07-23
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2020-07-23
withdrawal-of-a-person-with-significant-control-statement
persons-with-significant-control · PSC09
2020-07-23
incorporation-company
incorporation · NEWINC
2020-06-19