BALFORMO DEVELOPMENTS LIMITED

💤Zombieactive

SC133201 · ltd · incorporated 1991-08-01

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.

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Oct 2024

Net worth

—

book net assets

Opportunity

73/100

Strong

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch

What this business does

Primary activity: Public houses and bars

Sector: Accommodation & food service

Investor take

Pursue

Strong opportunity: active trading company with strong profile and acceptable with review structure.

Opportunity 73/100 (strong), bankability 57/100. High owner-dependency — earn-out structure likely required for clean transition. Biggest value-creation lever: Consolidate lender relationships. 6 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (53/100).

🏦

Refinance opportunity

28 live charges · 6 lenders · oldest 34.2y

15/100

under pressure

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

· Oldest live charge is 34.2 years old — likely at or near maturity.
· 6 lenders named — inter-creditor friction likely.
· 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

Lenders & charges

28 charges (28/28 with lender, 28/28 with type)

Directors & officers

7 officers (1 active, 7 linked, 3 with DOB)

Ownership & PSC

2 active PSC(s) of 2 total, 2 with control declared

Director network

2 connected companies via shared directors

Filing history

138 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

73/100Strong

PassWatchWorth a lookStrongExceptional

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality

Adequate — check latest filings for context.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

—

Current Assets

—

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102

Metric	2024-10-31	2023-10-31
Average employees	100	100

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

filings

Last 90 days

filings

Last 180 days

filings

Counts from Companies House filing history.

Corporate timeline (72 events)Click to expand

2025-05-08
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-06-05
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-07-03
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-07-27
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-07-23
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-07-01
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-07-16
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-07-30
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2017-07-24
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2017-04-12
📄
change-account-reference-date-company-previous-extended
accounts · AA01
2016-04-26
📄
appoint-person-director-company-with-name-date
officers · AP01
2016-04-26
📄
termination-director-company-with-name-termination-date
officers · TM01
2016-04-26
📄
termination-director-company-with-name-termination-date
officers · TM01
2016-04-26
📄
termination-secretary-company-with-name-termination-date
officers · TM02
2016-04-20
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2016-04-06
➕
MACDONALD, Brian William appointed
director
2016-04-06
➖
COLLISS, Isabella resigned
secretary
2016-04-06
➖
COLLISS, Isabella resigned
director
2016-04-06
➖
COLLISS, Neil William, Mr. resigned
director
2009-05-15
🔒
Charge registered #28
Lender: Clydesdale Bank PLC
2008-08-29
🔓
Charge satisfied #4
2008-01-29
🔒
Charge registered #27
Lender: Scottish & Newcastle UK Limited
2008-01-11
🔓
Charge satisfied #21
2008-01-11
🔓
Charge satisfied #20
2008-01-11
🔓
Charge satisfied #19
2008-01-11
🔓
Charge satisfied #18
2008-01-11
🔓
Charge satisfied #17
2008-01-11
🔓
Charge satisfied #16
2008-01-11
🔓
Charge satisfied #15
2008-01-11
🔓
Charge satisfied #14
2008-01-11
🔓
Charge satisfied #13
2008-01-11
🔓
Charge satisfied #12
2008-01-11
🔓
Charge satisfied #11
2008-01-11
🔓
Charge satisfied #10
2008-01-11
🔓
Charge satisfied #9
2008-01-11
🔓
Charge satisfied #6
2007-12-10
🔒
Charge registered #24
Lender: Clydesdale Bank Public Limited Company
2007-11-29
🔒
Charge registered #26
Lender: Clydesdale Bank Public Limited Company
2007-11-29
🔒
Charge registered #25
Lender: Clydesdale Bank Public Limited Company
2006-12-15
🔒
Charge registered #23
Lender: Clydesdale Bank Public Limited Company
2006-12-05
🔒
Charge registered #22
Lender: Clydesdale Bank Public Limited Company
2006-05-25
🔒
Charge registered #21
Lender: The Governor and Company of the Bank of Scotland
2006-04-14
🔒
Charge registered #20
Lender: The Governor and Company of the Bank of Scotland
2005-11-14
🔒
Charge registered #19
Lender: The Governor and Company of the Bank of Scotland
2005-10-05
🔒
Charge registered #18
Lender: The Governor and Company of the Bank of Scotland
2005-05-25
🔒
Charge registered #17
Lender: The Governor and Company of the Bank of Scotland
2005-01-26
🔒
Charge registered #16
Lender: The Governor and Company of the Bank of Scotland
2004-08-06
🔒
Charge registered #15
Lender: Scottish Courage Limited
2004-08-06
🔒
Charge registered #14
Lender: Scottish Courage Limited
2004-08-06
🔒
Charge registered #13
Lender: The Governor and Company of the Bank of Scotland

Showing most recent 50 of 72 events

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 64 — approaching natural succession window.

Succession & seller-readiness

80/100

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 64. Approaching typical UK retirement age — succession thinking likely.
primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
secondaryStable-but-static management: Company is 35 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

1 med · 1 low

Charge satisfaction-then-recreation pattern

medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

13 live charges

low

Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.

Group structure

B. M. Taverns Ltd. is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️

B. M. Taverns Ltd.

Corporate parent · holds 75-100% shares

ultimate parent

⬇

BALFORMO DEVELOPMENTS LIMITED

This company · SC133201

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

2 active beneficial owners · dominant holder ≥75%

Name	Shares	Voting rights	Nature of control	Notified
B. M. Taverns Ltd. Corporate entity	75–100%	—	75-100% shares	06/04/2016
Mr Brian William Macdonald Individual · British · DOB 10/1962 · age 64	—	—	sig. influencesignificant influence	06/04/2016

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 →

Similar companies

Active · Hospitality · FK postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
BESPOKE CATERING AND EVENTS LTD→ SC847242 · est 2025 · no financials extracted	—	—	—	—	—	—	—
BORESTONE BAR(2024) LIMITED→ SC800081 · est 2024 · no financials extracted	—	—	—	—	2y	—	—
BROOMHALL CASTLE HOTEL LIMITED→ SC777356 · est 2023 · no financials extracted	—	—	—	—	2y	—	—
BRUCE INNS LIMITED→ SC251516 · est 2003 · no financials extracted	—	—	—	—	22y	—	—
BRUCE INVESTMENTS LIMITED→ SC363319 · est 2009 · no financials extracted	—	—	—	—	16y	—	—
BUN&GRILL LTD→ SC878780 · est 2026 · no financials extracted	—	—	—	—	—	—	—
CAFE TOAST LIMITED→ SC377022 · est 2010 · no financials extracted	—	—	—	—	16y	—	—
CALDWELL & CALDWELL STIRLING LTD→ SC699669 · est 2021 · no financials extracted	—	—	—	—	4y	—	—
CALLENTO COFFEE HOUSE LIMITED→ SC539373 · est 2016 · no financials extracted	—	—	—	—	9y	—	—
CAMELON TRADERS LIMITED→ SC832931 · est 2025 · no financials extracted	—	—	—	—	1y	—	—
CAPITAL EVENTS EDINBURGH LTD→ SC606027 · est 2018 · no financials extracted	—	—	—	—	7y	—	—
CAR PARK 4U LTD→ SC875248 · est 2026 · no financials extracted	—	—	—	—	—	—	—

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

Incorporated1991-08-01

Jurisdictionscotland

Primary SIC56302 — Public houses and bars

Registered office

57/59 High Street

Dunblane

Perthshire

FK15 0EE

Scotland

Filing status

Accounts

Next due: 2026-07-31

Last made up to: 2024-10-31

Confirmation statement

Next due: 2026-08-15

Last: 2025-08-01

Officers (1 active · 6 resigned)

MACDONALD, Brian William→

director · ~64y · appointed 2016-04-06

View their other companies + combined net worth →

Active

COLLISS, Isabella→

secretary · appointed 1994-07-01 · resigned 2016-04-06

Resigned

MCCASH & HUNTER→

corporate-secretary · appointed 1991-08-22 · resigned 1994-07-01

Resigned

OSWALDS OF EDINBURGH LIMITED→

corporate-nominee-secretary · appointed 1991-08-01 · resigned 1991-08-22

Resigned

COLLISS, Isabella→

director · ~73y · appointed 1991-08-22 · resigned 2016-04-06

Resigned

COLLISS, Neil William, Mr.→

director · ~74y · appointed 1992-05-11 · resigned 2016-04-06

Resigned

JORDANS (SCOTLAND) LIMITED→

corporate-nominee-director · appointed 1991-08-01 · resigned 1991-08-22

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:28 of 28 shown

		Type	Properties
outstanding	Virgin Money Clydesdale Bank PLC	Standard security	1 property	15/05/2009	—
outstanding	Scottish & Newcastle UK Scottish & Newcastle UK Limited	Standard security	1 property	29/01/2008	—
outstanding	Virgin Money Clydesdale Bank Public Limited Company	Standard security	1 property	10/12/2007	—
outstanding	Virgin Money Clydesdale Bank Public Limited Company	Standard security	1 property	29/11/2007	—
outstanding	Virgin Money Clydesdale Bank Public Limited Company	Standard security	1 property	29/11/2007	—
part-satisfied	Virgin Money Clydesdale Bank Public Limited Company	Standard security	1 property	15/12/2006	—
part-satisfied	Virgin Money Clydesdale Bank Public Limited Company	Standard security	1 property	05/12/2006	—
satisfied	Lloyds Banking Group The Governor and Company of the Bank of Scotland	Standard security	1 property	25/05/2006	11/01/2008
satisfied	Lloyds Banking Group The Governor and Company of the Bank of Scotland	Standard security	1 property	14/04/2006	11/01/2008
satisfied	Lloyds Banking Group The Governor and Company of the Bank of Scotland	Standard security	1 property	14/11/2005	11/01/2008
satisfied	Lloyds Banking Group The Governor and Company of the Bank of Scotland	Standard security	1 property	05/10/2005	11/01/2008
satisfied	Lloyds Banking Group The Governor and Company of the Bank of Scotland	Standard security	1 property	25/05/2005	11/01/2008
satisfied	Lloyds Banking Group The Governor and Company of the Bank of Scotland	Standard security	1 property	26/01/2005	11/01/2008
satisfied	Scottish Courage Scottish Courage Limited	Standard security	1 property	06/08/2004	11/01/2008
satisfied	Scottish Courage Scottish Courage Limited	Standard security	1 property	06/08/2004	11/01/2008
satisfied	Lloyds Banking Group The Governor and Company of the Bank of Scotland	Standard security	1 property	06/08/2004	11/01/2008
satisfied	Lloyds Banking Group The Governor and Company of the Bank of Scotland	Standard security	1 property	17/06/2004	11/01/2008
satisfied	Lloyds Banking Group The Governor and Company of the Bank of Scotland	Standard security	1 property	02/02/2004	11/01/2008
satisfied	Lloyds Banking Group The Governor and Company of the Bank of Scotland	Standard security	1 property	24/11/2003	11/01/2008
satisfied	Lloyds Banking Group The Governor and Company of the Bank of Scotland	Standard security	1 property	07/10/2003	11/01/2008
outstanding	Lloyds Banking Group The Governor and Company of the Bank of Scotland	Standard security	1 property	01/08/2002	—
outstanding	Lloyds Banking Group The Governor and Company of the Bank of Scotland	Standard security	1 property	22/02/2002	—
satisfied	Lloyds Banking Group The Governor and Company of the Bank of Scotland	Standard security	1 property	15/10/2001	11/01/2008
outstanding	Lloyds Banking Group The Governor and Company of the Bank of Scotland	Standard security	1 property	19/09/2001	—
satisfied	Lloyds Banking Group The Governor and Company of the Bank of Scotland	Bond & floating charge	1 property	16/02/1999	29/08/2008
outstanding	Lloyds Banking Group The Governor and Company of the Bank of Scotland	Standard security	1 property	11/08/1994	—
outstanding	Lloyds Banking Group The Governor and Company of the Bank of Scotland	Standard security	1 property	18/01/1993	—
outstanding	David Fraserand Another	Standard security	1 property	19/02/1992	—

Click column headers to sort. Use filters above to narrow by status and lender.