BARNCROSH LEISURE COMPANY LIMITED

💤Zombieactive
SC060878 · ltd · incorporated 1976-10-08
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
Why now
Window steady · low confidence
Steady and stalled — no momentum either way. Needs an approach trigger.
What changed my view
Last 30 days

No material changes in the last 30 days.

Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£349.0k
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: Other holiday and other collective accommodation
Sector: Accommodation & food service
Investor take
Pursue
Asset-holding vehicle with a 67-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 85/100. Strong seller-intent signal (83/100, director aged 67). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

1 live charge · oldest 18.8y

45/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 18.8 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (79/100)

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
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
5 officers (2 active, 5 linked, 3 with DOB)
82
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
95 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
82/100Exceptional
PassWatchWorth a lookStrongExceptional 

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Positive net assets
Net assets £349,001
Net assets shrinking
Down £646 YoY

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£349k
~ YoY
Current Assets
£349k
~ YoY
Current Liabilities
—
£0£70k£140k£210k£280k£350kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2025-03-312024-03-31
Total assets£349.0k£349.6k
Current assets£349.5k£350.4k
Net assets£349.0k£349.6k

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

1 signal detected in this company's narrative notes — going-concern language, audit opinion, contingent liabilities, related-party transactions.

Available from the Pro tier upwards.

See pricing →

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 (22 events)Click to expand
  1. 2025-06-18
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-09-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2023-12-05
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  4. 2023-12-05
    🔓
    Charge satisfied #1
  5. 2023-11-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2022-12-05
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2021-12-21
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2020-12-11
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2019-12-12
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2018-12-20
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2017-11-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2017-09-11
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  13. 2016-12-21
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  14. 2016-04-08
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  15. 2015-12-24
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2011-10-01
    ➖
    BALL, Elizabeth Anne resigned
    director
  17. 2007-08-20
    🔒
    Charge registered #1
    Lender: The Governor and Company of the Bank of Scotland
  18. 1997-03-17
    ➕
    BALL, Michael Russell appointed
    secretary
  19. 1997-03-17
    ➕
    BALL, Michael Russell appointed
    director
  20. 1997-01-14
    ➖
    BALL, Ronald Heriot resigned
    secretary
  21. 1997-01-14
    ➖
    BALL, Ronald Heriot resigned
    director
  22. 1976-10-08
    🏢
    Company incorporated
    As BARNCROSH LEISURE COMPANY LIMITED

Owner dependency

100/100
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.
  • +Long-tenure founder: Senior director has been in place 29 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 67 — succession pressure is live.

Succession & seller-readiness

95/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 67. Approaching typical UK retirement age — succession thinking likely.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • primary20+ year tenure: Director in role 29 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 50 years old and no new directors in the last 3 years — succession not yet being planned internally.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Michael Russell Ball
Individual · British · DOB 07/1959 · age 67
75–100%
75–100%75-100% shares · 75-100% voting06/04/2016

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 →

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———150018y8278y
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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

Statusactive
Typeltd
Incorporated1976-10-08
Jurisdictionscotland
Primary SIC55209 — Other holiday and other collective accommodation

Registered office

Unit 3 Tongland Depot
Kirkcudbright
DG6 4NB
Scotland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-12-04
Last: 2025-11-20

Officers (2 active · 3 resigned)

BALL, Michael Russell→
secretary · appointed 1997-03-17
View their other companies + combined net worth →
Active
BALL, Michael Russell→
director · ~67y · appointed 1997-03-17
View their other companies + combined net worth →
Active
BALL, Ronald Heriot→
secretary · resigned 1997-01-14
Resigned
BALL, Elizabeth Anne→
director · ~104y · resigned 2011-10-01
Resigned
BALL, Ronald Heriot→
director · ~98y · resigned 1997-01-14
Resigned

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

Mortgages & charges

1
Total charges
0
Outstanding
0
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Bond & floating charge1 property20/08/200705/12/2023

Recent filings (95 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-26
accounts-with-accounts-type-micro-entity
accounts · AA
2025-06-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-02
accounts-with-accounts-type-micro-entity
accounts · AA
2024-09-30
mortgage-satisfy-charge-full
mortgage · MR04
2023-12-05
accounts-with-accounts-type-micro-entity
accounts · AA
2023-11-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-01-13
accounts-with-accounts-type-micro-entity
accounts · AA
2022-12-05
accounts-with-accounts-type-micro-entity
accounts · AA
2021-12-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-12-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-12-16
accounts-with-accounts-type-micro-entity
accounts · AA
2020-12-11
accounts-with-accounts-type-micro-entity
accounts · AA
2019-12-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-11-20