BOURNE STEEL (TRUSTEES) LTD.

💤Zombieactive
SC138435 · ltd · incorporated 1992-05-21
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
75/100
Strong
🔔
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What this business does
Primary activity: Non-trading company
Sector: Professional, scientific & technical
Investor take
Pursue
Strong opportunity: dormant / non-trading with strong profile and bankable structure.

Opportunity 75/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. 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 (58/100).

Data confidence

Overall: high (81/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile
address, 1 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
Confirmed no charges registered
85
Directors & officers
11 officers (1 active, 11 linked, 6 with DOB)
81
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
95 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
75/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
60
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0Oct 2023Oct 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-10-312023-10-31

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

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 (38 events)Click to expand
  1. 2025-05-23
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  2. 2024-05-31
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  3. 2023-07-04
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  4. 2022-07-14
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  5. 2021-07-19
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  6. 2021-07-16
    ➖
    DAVIS, Howard resigned
    secretary
  7. 2021-07-06
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  8. 2021-03-31
    ➖
    PILLINGER, Alan Harold resigned
    director
  9. 2021-03-31
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  10. 2020-06-09
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  11. 2019-07-02
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  12. 2018-05-04
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  13. 2017-07-26
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  14. 2016-06-16
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  15. 2016-04-19
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  16. 2015-07-21
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  17. 2015-06-18
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  18. 2014-07-07
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  19. 2008-05-31
    ➖
    KING, Roger Charles resigned
    director
  20. 2008-03-04
    ➕
    DAVIS, Howard appointed
    secretary
  21. 2008-03-04
    ➖
    KING, Roger Charles resigned
    secretary
  22. 2007-05-02
    ➖
    ELLIOT, Denis resigned
    director
  23. 2007-05-01
    ➕
    DAVIS, Howard appointed
    director
  24. 2000-12-18
    ➕
    PILLINGER, Alan Harold appointed
    director
  25. 2000-05-19
    ➖
    FERGUSON, Clare Miranda resigned
    director
  26. 1998-08-25
    ➕
    ELLIOT, Denis appointed
    director
  27. 1998-03-12
    ➖
    WILLIAMSON, Robert Algie resigned
    director
  28. 1992-07-01
    ➕
    KING, Roger Charles appointed
    secretary
  29. 1992-07-01
    ➖
    MACLAY MURRAY & SPENS LLP resigned
    corporate-nominee-secretary
  30. 1992-07-01
    ➕
    FERGUSON, Clare Miranda appointed
    director
  31. 1992-07-01
    ➕
    KING, Roger Charles appointed
    director
  32. 1992-07-01
    ➕
    WILLIAMSON, Robert Algie appointed
    director
  33. 1992-07-01
    ➖
    VINDEX LIMITED resigned
    corporate-nominee-director
  34. 1992-07-01
    ➖
    VINDEX SERVICES LIMITED resigned
    corporate-nominee-director
  35. 1992-05-21
    🏢
    Company incorporated
    As BOURNE STEEL (TRUSTEES) LTD.
  36. 1992-05-21
    ➕
    MACLAY MURRAY & SPENS LLP appointed
    corporate-nominee-secretary
  37. 1992-05-21
    ➕
    VINDEX LIMITED appointed
    corporate-nominee-director
  38. 1992-05-21
    ➕
    VINDEX SERVICES LIMITED appointed
    corporate-nominee-director

Owner dependency

85/100
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 19 years — deep operational knowledge concentrated in one person.

Succession & seller-readiness

68/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondary12+ year tenure: Director in role 19 years.
  • secondaryStable-but-static management: Company is 34 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.)

Group structure

Bourne Group Holdings Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Bourne Group Holdings Limited
Corporate parent · holds 75-100% shares
ultimate parent
⬇
BOURNE STEEL (TRUSTEES) LTD.
This company · SC138435

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%
NameSharesVoting rightsNature of controlNotified
Bourne Group Holdings Limited
Corporate entity
75–100%
—75-100% shares06/04/2016

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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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

7 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
Incorporated1992-05-21
Jurisdictionscotland
Primary SIC74990 — Non-trading company

Registered office

1 George Square
Glasgow
G2 1AL

Filing status

Accounts
Next due: 2026-07-31
Last made up to: 2024-10-31
Confirmation statement
Next due: 2026-06-04
Last: 2025-05-21

Officers (1 active · 10 resigned)

DAVIS, Howard→
director · ~54y · appointed 2007-05-01
View their other companies + combined net worth →
Active
DAVIS, Howard→
secretary · appointed 2008-03-04 · resigned 2021-07-16
Resigned
KING, Roger Charles→
secretary · appointed 1992-07-01 · resigned 2008-03-04
Resigned
MACLAY MURRAY & SPENS LLP→
corporate-nominee-secretary · appointed 1992-05-21 · resigned 1992-07-01
Resigned
ELLIOT, Denis→
director · ~98y · appointed 1998-08-25 · resigned 2007-05-02
Resigned
FERGUSON, Clare Miranda→
director · ~76y · appointed 1992-07-01 · resigned 2000-05-19
Resigned
KING, Roger Charles→
director · ~84y · appointed 1992-07-01 · resigned 2008-05-31
Resigned
PILLINGER, Alan Harold→
director · ~71y · appointed 2000-12-18 · resigned 2021-03-31
Resigned
WILLIAMSON, Robert Algie→
director · ~95y · appointed 1992-07-01 · resigned 1998-03-12
Resigned
VINDEX LIMITED→
corporate-nominee-director · appointed 1992-05-21 · resigned 1992-07-01
Resigned
VINDEX SERVICES LIMITED→
corporate-nominee-director · appointed 1992-05-21 · resigned 1992-07-01
Resigned

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

Recent filings (95 total)

accounts-with-accounts-type-dormant
accounts · AA
2025-05-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-23
accounts-with-accounts-type-dormant
accounts · AA
2024-05-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-28
accounts-with-accounts-type-dormant
accounts · AA
2023-07-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-24
accounts-with-accounts-type-dormant
accounts · AA
2022-07-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-06-01
termination-secretary-company-with-name-termination-date
officers · TM02
2021-07-19
accounts-with-accounts-type-dormant
accounts · AA
2021-07-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-05-21
termination-director-company-with-name-termination-date
officers · TM01
2021-03-31
accounts-with-accounts-type-dormant
accounts · AA
2020-06-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-06-02
accounts-with-accounts-type-dormant
accounts · AA
2019-07-02