RATHMAY LIMITED
⚰️Wound downdissolved
SC709798 · ltd · incorporated 2021-09-17
Investment thesis
Company dissolved — not a live target.
Why interesting: Historical record only; useful for precedent research.
Why risky: Not transactable.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
- · Oldest live charge 4.5y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
42/100
Watch
What this business does
Primary activity: Activities of other holding companies n.e.c.
Sector: Financial & insurance
Investor take
Pass (distressed without resilience)Distressed asset-holding vehicle — structural issues outweigh the discount.
Opportunity 42/100 (watch), bankability 55/100. 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: strategic trade sale (53/100). Current lenders should be on monthly review.
🏦
Refinance opportunity
2 live charges · oldest 4.5y
55/100
clean up first
Refinance viable after a tidy-up — address the highlighted items first.
- · Charge age ~4.5 years — mid-life; refi window approaching.
- · Single lender — cleanest path to refinance.
- · Legal-friction score 35/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (61/100)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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
5 officers (3 active, 5 linked, 4 with DOB)
86
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
15 connected companies via shared directors
90
Filing history
33 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
42/100Watch
PassWatchWorth a lookStrongExceptional
Not actionable now, but monitor — distressed, succession, or structural changes could flip this into a real opportunity.
Business quality
0
Concerning — overdue filings or status flags present.
Acquirability
50
Some acquirability indicators.
Risk profile
49
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 (37 events)Click to expand
- 2025-06-12⚠️gazette-dissolved-liquidationgazette · GAZ2
- 2025-06-12🏁Company dissolved
- 2025-03-12⚠️liquidation-voluntary-members-return-of-final-meeting-scotlandinsolvency · LIQ13(Scot)
- 2024-10-02📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-10-02📄resolutionresolution · RESOLUTIONS
- 2024-09-25📄capital-statement-capital-company-with-date-currency-figurecapital · SH19
- 2024-09-25📄legacycapital · SH20
- 2024-09-25⚠️legacyinsolvency · CAP-SS
- 2024-09-25📄resolutionresolution · RESOLUTIONS
- 2024-02-05📄change-person-director-company-with-change-dateofficers · CH01
- 2023-12-05📄change-account-reference-date-company-current-shortenedaccounts · AA01
- 2023-12-05📄second-filing-of-director-appointment-with-nameofficers · RP04AP01
- 2023-12-05📄second-filing-of-director-appointment-with-nameofficers · RP04AP01
- 2023-12-05📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2023-12-04📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2023-12-04📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2023-12-04📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2023-12-04📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2023-12-04📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-12-04📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-12-04📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-12-04📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-12-04📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-12-04📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-12-04🔓Charge satisfied #2
- 2023-12-04🔓Charge satisfied #1
- 2023-11-30➕STEWART, Ingrid appointedsecretary
- 2023-11-30➕PIRIE, Allan William appointeddirector
- 2023-11-30➕STEWART, Ingrid appointeddirector
- 2023-11-29➖CHEYNE, Alfred George resigneddirector
- 2023-11-29➖CHEYNE, Valerie resigneddirector
- 2023-08-16📄accounts-with-accounts-type-groupaccounts · AA
- 2023-05-19🔒Charge registered #2Lender: Tc Security Trustee Limited (As Security Trustee)
- 2021-11-10🔒Charge registered #1Lender: Tc Security Trustee Limited (As Security Trustee)
- 2021-09-17🏢Company incorporatedAs RATHMAY LIMITED
- 2021-09-17➕CHEYNE, Alfred George appointeddirector
- 2021-09-17➕CHEYNE, Valerie appointeddirector
Owner dependency
58/100
Moderate — manageable with handoverSome founder dependency, but not acute. A structured handover period should cover most risk.
FACTORS
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
Succession & seller-readiness
36/100
Weak signalLimited succession signal. Not a near-term off-market candidate.
SIGNALS
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
Red flags
2 high ·Company dissolved
highCompany has been dissolved — it no longer legally exists. Any diligence here is historical only.
Evidence: Dissolved on 2025-06-12
3 insolvency-related filings on record
highFilings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2025-06-12: gazette-dissolved-liquidation; 2025-03-12: liquidation-voluntary-members-return-of-final-meeting-scotland
Group structure
Ashtead Technology Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Ashtead Technology Limited
Corporate parent · holds 75-100% shares · board control
⬇
RATHMAY LIMITED
This company · SC709798
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Ashtead Technology Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 30/11/2023 |
2 historic (ceased) PSCs
- Mrs Valerie Cheyneceased 29/11/2023· 25-50% shares · 25-50% voting
- Mr Alfred George Cheyneceased 29/11/2023· 25-50% shares · 25-50% voting
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 →Similar companies
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|---|---|---|---|---|---|---|---|
| BATH GIANT HOLDINGS LIMITED→ SC787852 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
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| BEN TAIB INDUSTRIES LIMITED→ SC877701 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| BEST COMMERCIAL LTD→ SC845455 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| BIG THINK HOLDINGS LIMITED→ SC770147 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| BJMB PROPERTIES LTD→ SC865656 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| BLUE CHIP GROUP HOLDINGS LTD→ SC788701 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| BLUETON (HOLDINGS) LIMITED→ SC593859 · est 2018 · no financials extracted | — | — | — | — | 8y | — | — |
| BONSPIEL LIMITED→ SC181850 · est 1997 · no financials extracted | — | — | — | — | 28y | — | — |
| BOURNE STEEL (TRUSTEES) LTD.→ SC138435 · est 1992 · no financials extracted | — | — | — | — | 33y | — | — |
| BOX OF TREATS INVESTMENT GROUP LIMITED→ SC780929 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| BP PROPERTY MAINTENANCE LTD→ SC666158 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
10 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
Incorporated2021-09-17
Jurisdictionscotland
Primary SIC64209 — Activities of other holding companies n.e.c.
Registered office
130 St. Vincent Street
Glasgow
G2 5HF
Filing status
Accounts
Next due: —
Last made up to: 2023-03-31
Confirmation statement
Next due: —
Last: 2023-09-16
Officers (0 active · 2 resigned)
Active
PIRIE, Allan William→
Activedirector · ~53y · appointed 2023-11-30
View their other companies + combined net worth →
STEWART, Ingrid→
Activedirector · ~52y · appointed 2023-11-30
View their other companies + combined net worth →
CHEYNE, Alfred George→
Resigneddirector · ~62y · appointed 2021-09-17 · resigned 2023-11-29
CHEYNE, Valerie→
Resigneddirector · ~62y · appointed 2021-09-17 · resigned 2023-11-29
Click a director name to see their full track record across all companies.
Mortgages & charges
2
Total charges
0
Outstanding
0
Active lenders
Status:Lender:2 of 2 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Tc Security Trustee (As Security Trustee) Tc Security Trustee Limited (As Security Trustee) | A registered charge | 1 property | 19/05/2023 | 04/12/2023 | |
| satisfied | Tc Security Trustee (As Security Trustee) Tc Security Trustee Limited (As Security Trustee) | A registered charge | 1 property | 10/11/2021 | 04/12/2023 |
Recent filings (33 total)
gazette-dissolved-liquidation
gazette · GAZ2
2025-06-12
liquidation-voluntary-members-return-of-final-meeting-scotland
insolvency · LIQ13(Scot)
2025-03-12
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-10-02
resolution
resolution · RESOLUTIONS
2024-10-02
capital-statement-capital-company-with-date-currency-figure
capital · SH19
2024-09-25
legacy
capital · SH20
2024-09-25
legacy
insolvency · CAP-SS
2024-09-25
resolution
resolution · RESOLUTIONS
2024-09-25
change-person-director-company-with-change-date
officers · CH01
2024-02-05
change-account-reference-date-company-current-shortened
accounts · AA01
2023-12-05
second-filing-of-director-appointment-with-name
officers · RP04AP01
2023-12-05
second-filing-of-director-appointment-with-name
officers · RP04AP01
2023-12-05
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2023-12-05
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-12-04
appoint-person-secretary-company-with-name-date
officers · AP03
2023-12-04