BK REALISATIONS LIMITED
🌳Matureactive
SC050240 · ltd · incorporated 1972-03-30
Investment thesis
Looks cheap but ownership + security both unclear — probable value trap.
Why interesting: Headline metrics may be attractive.
Why risky: No PSC visibility combined with multiple live charges; transacting likely slow and expensive.
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
44/100
Watch
What this business does
Primary activity: SIC 2873
Sector: Manufacturing
Investor take
Pass (distressed without resilience)Distressed admin-neglect survivor — structural issues outweigh the discount.
Opportunity 44/100 (watch), bankability 2/100. High owner-dependency — earn-out structure likely required for clean transition. Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: asset disposal / carve-out (80/100). Current lenders should be on immediate intervention.
🏦
Refinance opportunity
14 live charges · 10 lenders · oldest 53.9y
25/100
too messy
Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.
- · Oldest live charge is 53.9 years old — likely at or near maturity.
- · 10 lenders named — inter-creditor friction likely.
- · Legal-friction score 75/100 (specialist).
Data confidence
Overall: low (47/100)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
14 charges (14/14 with lender, 14/14 with type)
90
Directors & officers
28 officers (7 active, 28 linked, 26 with DOB)
89
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
Network not yet resolved
30
Filing history
130 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
44/100Watch
PassWatchWorth a lookStrongExceptional
Not actionable now, but monitor — distressed, succession, or structural changes could flip this into a real opportunity.
Business quality
15
Concerning — overdue filings or status flags present.
Acquirability
85
Strong succession / seller-readiness signals.
Risk profile
12
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 (93 events)Click to expand
- 2025-07-08📄court-ordermiscellaneous · OC-DV
- 2016-07-26📄gazette-dissolved-compulsorygazette · GAZ2
- 2016-03-08📄gazette-notice-compulsorygazette · GAZ1
- 2016-03-01📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2015-05-16⚠️liquidation-receiver-ceasing-to-act-scotlandinsolvency · 3(Scot)
- 2009-11-19⚠️liquidation-receiver-ceasing-to-act-scotlandinsolvency · 3(Scot)
- 2003-12-15➖HALL, George James resignedsecretary
- 2002-04-10⚠️liquidation-receiver-receivers-report-scotlandinsolvency · 3.5(Scot)
- 2002-03-13✏️certificate-change-of-name-companychange-of-name · CERTNM
- 2002-01-10⚠️liquidation-receiver-appointment-of-receiver-scotlandinsolvency · 1(Scot)
- 2002-01-07📍legacyaddress · 287
- 2001-12-17📄legacyofficers · 288b
- 2001-10-30📄legacyofficers · 288b
- 2001-10-12➖GRANT, Alexander James resigneddirector
- 2001-10-12📄legacyofficers · 288b
- 2001-09-06➖WILSON, Derek Balfour resigneddirector
- 2001-06-01📄legacyofficers · 288a
- 2001-05-29➕BOND, Nick appointeddirector
- 2001-05-10📄legacyofficers · 288b
- 2001-05-09📄legacyofficers · 288a
- 2001-05-01➖GILMARTIN, Kevin Patrick resigneddirector
- 2001-04-23➕BISLAND, Joseph Gerard appointeddirector
- 2001-03-16📄legacyofficers · 288a
- 2001-02-19➕LEE, William Richard appointeddirector
- 2000-12-07📄accounts-with-accounts-type-fullaccounts · AA
- 2000-12-06📄legacyannual-return · 363s
- 2000-04-04📄legacyofficers · 288a
- 2000-03-27➕GRANT, Alexander James appointeddirector
- 2000-02-28📄legacyofficers · 288b
- 2000-02-11➖BUTCHART, David John resigneddirector
- 2000-01-30📄legacyofficers · 288b
- 2000-01-28➖BRANNAN, James resigneddirector
- 1999-11-29📄accounts-with-accounts-type-fullaccounts · AA
- 1999-11-29📄legacyannual-return · 363s
- 1999-07-16📄legacyofficers · 288b
- 1999-06-28➖MCKECHNIE, Neil John resigneddirector
- 1999-06-28➖YOUNG, Andrew Simpson resigneddirector
- 1999-06-21➕PROUDFOOT, Ian Hamilton appointeddirector
- 1999-05-25➖HEGARTY, Eamon James resigneddirector
- 1999-05-21➖FINNIE, James Ross resigneddirector
- 1998-12-15➕HEGARTY, Eamon James appointeddirector
- 1998-11-26➖MIDDLEMISS, George Richardson resigneddirector
- 1998-11-23🔓Charge satisfied #23
- 1998-11-23🔓Charge satisfied #22
- 1998-11-23🔓Charge satisfied #18
- 1998-11-23🔓Charge satisfied #6
- 1998-11-23🔓Charge satisfied #2
- 1998-11-23🔓Charge satisfied #1
- 1998-11-16🔒Charge registered #28Lender: The Governor and Company of the Bank of Scotland
- 1998-11-10🔒Charge registered #27Lender: The Governor and Company of the Bank of Scotland
Showing most recent 50 of 93 events
Owner dependency
65/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- -7 active directors: Broader management team in place — suggests transferable governance.
- +Long-tenure founder: Senior director has been in place 35 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 95 — succession pressure is live.
Succession & seller-readiness
85/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 95 years old. Natural succession window is now.
- primary20+ year tenure: Director in role 35 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 54 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
3 high · 2 med · 1 lowAccounts overdue
highStatutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.
Evidence: Next due: 2002-01-31
Confirmation statement overdue
highAnnual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.
Evidence: Next due: 2016-12-06
4 insolvency-related filings on record
highFilings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2015-05-16: liquidation-receiver-ceasing-to-act-scotland; 2009-11-19: liquidation-receiver-ceasing-to-act-scotland
Has insolvency history
mediumCompanies House flags prior insolvency events. Review the insolvency filings for context.
Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
5 live charges
lowHeavily leveraged with multiple live security positions — understand the capital structure before proceeding.
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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
13 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
Statusactive
Typeltd
Incorporated1972-03-30
Jurisdictionscotland
Primary SIC2873 — SIC 2873
Registered office
Grant Thornton Chartered Acc.
95 Bothwell Street
Glasgow
G2 7JZ
Filing status
Accounts
Next due: 2002-01-31OVERDUE
Last made up to: 2000-03-31
Confirmation statement
Next due: 2016-12-06OVERDUE
Last: —
Officers (7 active · 21 resigned)
BISLAND, Joseph Gerard→
Activedirector · ~70y · appointed 2001-04-23
View their other companies + combined net worth →
Active
LEE, William Richard→
Activedirector · ~81y · appointed 2001-02-19
View their other companies + combined net worth →
LUMSDEN, Brian→
Activedirector · ~75y · appointed 1996-01-30
View their other companies + combined net worth →
MARNOCH, William Berry→
Activedirector · ~95y · appointed 1991-06-19
View their other companies + combined net worth →
PROUDFOOT, Ian Hamilton→
Activedirector · ~77y · appointed 1999-06-21
View their other companies + combined net worth →
REILLY, Andrew→
Activedirector · ~88y · appointed 1998-04-28
View their other companies + combined net worth →
HALL, George James→
Resignedsecretary · appointed 1993-08-31 · resigned 2003-12-15
HUNTER, Ronald David→
Resignedsecretary · resigned 1993-08-31
BRANNAN, James→
Resigneddirector · ~68y · appointed 1997-02-03 · resigned 2000-01-28
BUTCHART, David John→
Resigneddirector · ~71y · resigned 2000-02-11
FINNIE, James Ross→
Resigneddirector · ~79y · appointed 1992-03-24 · resigned 1999-05-21
GILMARTIN, Kevin Patrick→
Resigneddirector · ~67y · appointed 1996-05-30 · resigned 2001-05-01
GILMARTIN, Kevin→
Resigneddirector · ~67y · appointed 1996-05-30 · resigned 1996-08-02
GRANT, Alexander James→
Resigneddirector · ~65y · appointed 2000-03-27 · resigned 2001-10-12
HALL, George James→
Resigneddirector · ~78y · resigned 1991-06-19
HEGARTY, Eamon James→
Resigneddirector · ~69y · appointed 1998-12-15 · resigned 1999-05-25
HUNTER, Ronald David→
Resigneddirector · ~96y · appointed 1992-03-24 · resigned 1993-08-31
HUNTER, Ronald David→
Resigneddirector · ~96y · resigned 1990-06-20
JENKINS, Ronald Munro→
Resigneddirector · ~85y · resigned 1990-12-19
Click a director name to see their full track record across all companies.
Mortgages & charges
14
Total charges
5
Outstanding
3
Active lenders
Status:Lender:14 of 14 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 1 property | 16/11/1998 | — | |
| outstanding | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Floating charge | 1 property | 10/11/1998 | — | |
| outstanding | Dow Chemical Company Dow Chemical Company Limited | Debenture | 1 property | 27/03/1997 | — | |
| outstanding | 3I Group 3I Group PLC | Standard security | 1 property | 15/12/1994 | — | |
| outstanding | 3I Group 3I Group PLC | Bond & floating charge | 1 property | 29/11/1994 | — | |
| satisfied | 3I 3I PLC | Floating charge | 1 property | 15/11/1990 | 23/11/1998 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Standard security | 1 property | 20/09/1990 | 23/11/1998 | |
| satisfied | 3 I 3 I PLC | Standard security | 1 property | 02/06/1988 | 23/11/1998 | |
| satisfied | Glenrothes Development Corporation | Standard security | 1 property | 18/05/1988 | 05/12/1994 | |
| satisfied | Glenroths Development Corporation | Standard security | 1 property | 13/12/1983 | 01/12/1994 | |
| satisfied | Industrial and Commercial Finance Corporation Industrial and Commercial Finance Corporation LTD | Floating charge | 1 property | 26/11/1980 | 23/11/1998 | |
| satisfied | Industrial & Commercial Finance Corporation Industrial & Commercial Finance Corporation Limited | Standard security | 1 property | 20/11/1979 | 07/12/1994 | |
| satisfied | Industrial & Commercial Finance Corporation Industrial & Commercial Finance Corporation Limited | Floating charge | 1 property | 02/11/1979 | 23/11/1998 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Floating charge | 1 property | 06/06/1972 | 23/11/1998 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (130 total)
court-order
miscellaneous · OC-DV
2025-07-08
gazette-dissolved-compulsory
gazette · GAZ2
2016-07-26
gazette-notice-compulsory
gazette · GAZ1
2016-03-08
termination-secretary-company-with-name-termination-date
officers · TM02
2016-03-01
liquidation-receiver-ceasing-to-act-scotland
insolvency · 3(Scot)
2015-05-16
liquidation-receiver-ceasing-to-act-scotland
insolvency · 3(Scot)
2009-11-19
liquidation-receiver-receivers-report-scotland
insolvency · 3.5(Scot)
2002-04-10
certificate-change-of-name-company
change-of-name · CERTNM
2002-03-13
liquidation-receiver-appointment-of-receiver-scotland
insolvency · 1(Scot)
2002-01-10
legacy
address · 287
2002-01-07
legacy
officers · 288b
2001-12-17
legacy
officers · 288b
2001-10-30
legacy
officers · 288b
2001-10-12
legacy
officers · 288a
2001-06-01
legacy
officers · 288b
2001-05-10