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.
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 Oct 2025
Net worth
—
book net assets
Opportunity
73/100
Strong
What this business does
Primary activity: Public houses and bars
Sector: Accommodation & food service
Investor take
PursueStrong 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 34.4y
15/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 34.4 years old — likely at or near maturity.
- · 6 lenders named — inter-creditor friction likely.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: high (85/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
Company profile
address, 1 SIC codes, incorporation date
100
Financials
3 years of iXBRL accounts extracted + narrative notes parsed
95
Lenders & charges
28 charges (28/28 with lender, 28/28 with type)
90
Directors & officers
7 officers (1 active, 7 linked, 3 with DOB)
79
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
139 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
73/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
60
Adequate — check latest filings for context.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
74
Few red flags.
Signal strength
100
Good data coverage for analysis.
Key financials
3 years extracted from filed iXBRL accountsCash
—
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 | 2025-10-31 | 2024-10-31 | 2023-10-31 |
|---|---|---|---|
| Average employees | 1 | 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
0
filings
Last 90 days
1
filing
- • 1 accounts
Last 180 days
1
filing
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (72 events)Click to expand
- 2026-06-05📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-05-08📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-06-05📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-07-03📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-07-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-07-23📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-07-01📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-07-16📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-07-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-07-24📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2017-04-12📄change-account-reference-date-company-previous-extendedaccounts · AA01
- 2016-04-26📄appoint-person-director-company-with-name-dateofficers · AP01
- 2016-04-26📄termination-director-company-with-name-termination-dateofficers · TM01
- 2016-04-26📄termination-director-company-with-name-termination-dateofficers · TM01
- 2016-04-26📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2016-04-06➕MACDONALD, Brian William appointeddirector
- 2016-04-06➖COLLISS, Isabella resignedsecretary
- 2016-04-06➖COLLISS, Isabella resigneddirector
- 2016-04-06➖COLLISS, Neil William, Mr. resigneddirector
- 2009-05-15🔒Charge registered #28Lender: Clydesdale Bank PLC
- 2008-08-29🔓Charge satisfied #4
- 2008-01-29🔒Charge registered #27Lender: 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 #24Lender: Clydesdale Bank Public Limited Company
- 2007-11-29🔒Charge registered #26Lender: Clydesdale Bank Public Limited Company
- 2007-11-29🔒Charge registered #25Lender: Clydesdale Bank Public Limited Company
- 2006-12-15🔒Charge registered #23Lender: Clydesdale Bank Public Limited Company
- 2006-12-05🔒Charge registered #22Lender: Clydesdale Bank Public Limited Company
- 2006-05-25🔒Charge registered #21Lender: The Governor and Company of the Bank of Scotland
- 2006-04-14🔒Charge registered #20Lender: The Governor and Company of the Bank of Scotland
- 2005-11-14🔒Charge registered #19Lender: The Governor and Company of the Bank of Scotland
- 2005-10-05🔒Charge registered #18Lender: The Governor and Company of the Bank of Scotland
- 2005-05-25🔒Charge registered #17Lender: The Governor and Company of the Bank of Scotland
- 2005-01-26🔒Charge registered #16Lender: The Governor and Company of the Bank of Scotland
- 2004-08-06🔒Charge registered #15Lender: Scottish Courage Limited
- 2004-08-06🔒Charge registered #14Lender: Scottish Courage Limited
- 2004-08-06🔒Charge registered #13Lender: The Governor and Company of the Bank of Scotland
Showing most recent 50 of 72 events
Owner dependency
83/100
Critical — business is the founderThe 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 candidateStrong 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 lowCharge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
13 live charges
lowHeavily 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.
🏛️ultimate parent
B. M. Taverns Ltd.
Corporate parent · holds 75-100% shares
⬇
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 |
|---|---|---|---|---|---|---|---|
| DRUMOSSIE HOTEL LIMITED→ SC166906 · est 1996 | £1.70M £1.27M–£2.12M | — | — | 55 | 30y | 84 | 76y |
| R.A.W.G. KERR LTD.→ SC277405 · est 2004 | £313.0k £234.7k–£391.2k | — | — | 3 | 21y | 82 | 65y |
| THE MUSTARD SEED (RESTAURANTS) LIMITED→ SC206532 · est 2000 | £264.8k £198.6k–£331.0k | £2.45M | — | 4300 | 26y | 87 | 67y |
| BRUCE GROUP SCOTLAND LIMITED→ SC236976 · est 2002 | — | — | £409.4k | — | 23y | 83 | 60y |
| LION & UNICORN HOTEL LIMITED→ SC202210 · est 1999 | — | — | — | 15 | 26y | 83 | 64y |
| LOCHSIDE COTTAGES LIMITED→ SC023268 · est 1945 | — | — | £263.0k | — | 81y | 83 | 69y |
| BAR ALDO LIMITED→ SC312643 · est 2006 | — | — | £20.6k | — | 19y | 82 | 62y |
| BLUENOTE RESTAURANT LTD.→ SC171302 · est 1997 | — | — | £100.3k | — | 29y | 82 | 64y |
| CASTLE VIEW RETAIL LIMITED→ SC220895 · est 2001 · no financials extracted | — | — | — | — | 25y | 82 | 65y |
| ECOSSE LEISURE LIMITED→ SC196518 · est 1999 | — | — | — | 0 | 27y | 82 | 73y |
| GJ ANDERSON LIMITED→ SC310102 · est 2006 | — | — | £206.7k | — | 19y | 82 | 62y |
| LOCHEND CHALETS LTD.→ SC293939 · est 2005 | — | — | £18.5k | — | 20y | 82 | 66y |
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: 2027-07-31
Last made up to: 2025-10-31
Confirmation statement
Next due: 2026-08-15
Last: 2025-08-01
Officers (1 active · 6 resigned)
MACDONALD, Brian William→
Activedirector · ~64y · appointed 2016-04-06
View their other companies + combined net worth →
COLLISS, Isabella→
Resignedsecretary · appointed 1994-07-01 · resigned 2016-04-06
MCCASH & HUNTER→
Resignedcorporate-secretary · appointed 1991-08-22 · resigned 1994-07-01
OSWALDS OF EDINBURGH LIMITED→
Resignedcorporate-nominee-secretary · appointed 1991-08-01 · resigned 1991-08-22
COLLISS, Isabella→
Resigneddirector · ~73y · appointed 1991-08-22 · resigned 2016-04-06
COLLISS, Neil William, Mr.→
Resigneddirector · ~74y · appointed 1992-05-11 · resigned 2016-04-06
JORDANS (SCOTLAND) LIMITED→
Resignedcorporate-nominee-director · appointed 1991-08-01 · resigned 1991-08-22
Click a director name to see their full track record across all companies.
Mortgages & charges
28
Total charges
13
Outstanding
4
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.
Recent filings (139 total)
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-06-05
confirmation-statement-with-updates
confirmation-statement · CS01
2025-08-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-05-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-06-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-08-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-07-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-08-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-07-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-08-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-07-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-08-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-07-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-08-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-07-16