TICKETS SCOTLAND LIMITED

💤Zombieactive
SC177494 · ltd · incorporated 1997-07-24
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
—
not disclosed
Net worth
—
book net assets
Opportunity
80/100
Exceptional
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What this business does
Primary activity: Agents specialised in the sale of other particular products
Sector: Wholesale & retail
Investor take
Pursue
Active trading company with a 61-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (70/100, director aged 61). 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).

Data confidence

Overall: low (53/100)

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
Confirmed no charges registered
85
Directors & officers
5 officers (2 active, 5 linked, 2 with DOB)
78
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
67 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
80/100Exceptional
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
90
Good data coverage for analysis.

Recent activity

Last 30 days
0
filings
Last 90 days
1
filing
  • • 1 officers
Last 180 days
2
filings
  • • 2 officers
Counts from Companies House filing history.
Corporate timeline (24 events)Click to expand
  1. 2026-04-23
    📄
    change-person-director-company-with-change-date
    officers · CH01
  2. 2026-03-24
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  3. 2025-11-22
    ➖
    SPACKMAN, Barbara resigned
    director
  4. 2025-06-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2025-03-25
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  6. 2024-04-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2023-06-27
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  8. 2023-05-03
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2022-08-01
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2021-05-04
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2020-08-04
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2019-10-08
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  13. 2019-06-06
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  14. 2018-05-03
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  15. 2017-05-11
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2016-05-05
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  17. 1997-07-24
    🏢
    Company incorporated
    As TICKETS SCOTLAND LIMITED
  18. 1997-07-24
    ➕
    BORTHWICK, Richard Allan appointed
    secretary
  19. 1997-07-24
    ➕
    BORTHWICK, Richard Allan appointed
    director
  20. 1997-07-24
    ➕
    FIRST SCOTTISH SECRETARIES LIMITED appointed
    corporate-nominee-secretary
  21. 1997-07-24
    ➖
    FIRST SCOTTISH SECRETARIES LIMITED resigned
    corporate-nominee-secretary
  22. 1997-07-24
    ➕
    SPACKMAN, Barbara appointed
    director
  23. 1997-07-24
    ➕
    FIRST SCOTTISH INTERNATIONAL SERVICES LIMITED appointed
    corporate-nominee-director
  24. 1997-07-24
    ➖
    FIRST SCOTTISH INTERNATIONAL SERVICES LIMITED resigned
    corporate-nominee-director

Owner dependency

93/100
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.
  • +Senior director age: Director aged approximately 61 — approaching natural succession window.

Succession & seller-readiness

85/100
Likely off-market candidate

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

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 61. Early succession window.
  • 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 29 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

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Barbara Spackman
Individual · British · DOB 04/1962 · age 64
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016
Richard Allan Borthwick
Individual · British · DOB 12/1965 · age 61
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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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 →
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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.

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Company details

Statusactive
Typeltd
Incorporated1997-07-24
Jurisdictionscotland
Primary SIC46180 — Agents specialised in the sale of other particular products

Registered office

28 Grindlay Street
Edinburgh
EH3 9AP
Scotland

Filing status

Accounts
Next due: 2026-07-31
Last made up to: 2024-07-31
Confirmation statement
Next due: 2026-08-07
Last: 2025-07-24

Officers (2 active · 3 resigned)

BORTHWICK, Richard Allan→
secretary · appointed 1997-07-24
View their other companies + combined net worth →
Active
BORTHWICK, Richard Allan→
director · ~61y · appointed 1997-07-24
View their other companies + combined net worth →
Active
FIRST SCOTTISH SECRETARIES LIMITED→
corporate-nominee-secretary · appointed 1997-07-24 · resigned 1997-07-24
Resigned
SPACKMAN, Barbara→
director · ~64y · appointed 1997-07-24 · resigned 2025-11-22
Resigned
FIRST SCOTTISH INTERNATIONAL SERVICES LIMITED→
corporate-nominee-director · appointed 1997-07-24 · resigned 1997-07-24
Resigned

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

Recent filings (67 total)

change-person-director-company-with-change-date
officers · CH01
2026-04-23
termination-director-company-with-name-termination-date
officers · TM01
2026-03-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-08-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-06-23
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-03-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-04-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-08-25
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-06-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-05-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-08-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-08-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-08-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-05-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-10-20