BAXTER CROWE DEVELOPMENTS LIMITED

💤Zombieactive

SC216197 · ltd · incorporated 2001-02-27

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 Apr 2025

Net worth

£71.0k

book net assets

Opportunity

82/100

Exceptional

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What this business does

Primary activity: Public houses and bars

Sector: Accommodation & food service

Investor take

Pursue

Active trading company with a 68-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 80/100. Strong seller-intent signal (83/100, director aged 68). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 3 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

3 live charges · oldest 25.0y

45/100

under pressure

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

· Oldest live charge is 25.0 years old — likely at or near maturity.
· Single lender — cleanest path to refinance.
· Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (76/100)

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

3 charges (3/3 with lender, 3/3 with type)

Directors & officers

5 officers (2 active, 5 linked, 2 with DOB)

Ownership & PSC

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

Director network

Network not yet resolved

Filing history

72 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

82/100Exceptional

PassWatchWorth a lookStrongExceptional

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

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared

Positive net assets

Net assets £71,008

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

£71k

↑ 7.1% YoY

Current Assets

£9k

↑ 12% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2025-04-30	2024-04-30
Total assets	£43.0k	£34.5k
Current assets	£9.4k	£8.4k
Net assets	£71.0k	£66.3k

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

Recent activity

Last 30 days

filings

Last 90 days

filing

• 1 confirmation-statement

Last 180 days

filings

• 1 confirmation-statement
• 1 accounts

Counts from Companies House filing history.

Corporate timeline (27 events)Click to expand

2026-01-25
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2025-01-30
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2024-01-24
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2023-01-31
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2022-01-31
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2021-01-11
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2020-01-30
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2019-02-27
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2018-01-18
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2016-11-28
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2016-03-01
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2016-01-07
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2015-03-10
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2015-01-09
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2014-03-18
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2008-08-06
➖
BAXTER, Janice resigned
director
2002-05-28
🔒
Charge registered #3
Lender: The Governor and Company of the Bank of Scotland
2001-05-21
🔒
Charge registered #2
Lender: The Governor and Company of the Bank of Scotland
2001-05-10
🔒
Charge registered #1
Lender: The Governor and Company of the Bank of Scotland
2001-04-04
➕
BAXTER, William Stewart appointed
secretary
2001-04-04
➕
BAXTER, William Stewart appointed
director
2001-04-04
➖
MESSRS THORNTONS WS resigned
corporate-nominee-secretary
2001-04-04
➕
BAXTER, Janice appointed
director
2001-04-04
➖
HUTCHESON, Iain Henderson resigned
nominee-director
2001-02-27
🏢
Company incorporated
As BAXTER CROWE DEVELOPMENTS LIMITED
2001-02-27
➕
MESSRS THORNTONS WS appointed
corporate-nominee-secretary
2001-02-27
➕
HUTCHESON, Iain Henderson appointed
nominee-director

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.
+Founder name in company name: Company name contains director surname "BAXTER" — strong identity link between founder and business.
+Long-tenure founder: Senior director has been in place 25 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 68 — 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 68. 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 25 years. Very long tenure is a classic succession signal.
secondaryStable-but-static management: Company is 25 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

Name	Shares	Voting rights	Nature of control	Notified
Mrs Janice Baxter Individual · Scottish · DOB 02/1960 · age 66	25–50%	25–50%	25-50% shares · 25-50% voting	07/04/2016
Mr William Stewart Baxter Individual · Scottish · DOB 10/1958 · age 68	25–50%	25–50%	board control25-50% shares · 25-50% voting · board control	06/04/2016

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

Similar companies

Active · Hospitality · DD postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
GREEN PARK LIMITED→ SC170546 · est 1996	£2.29M £1.72M–£2.86M	£3.47M	—	5500	29y	84	65y
TAILEND RESTAURANT (ST ANDREWS) LIMITED→ SC359357 · est 2009	—	—	—	-4900	17y	83	70y
APPLETREE (FORFAR) LIMITED→ SC388969 · est 2010	—	—	£5.6k	—	15y	82	71y
BROOKPEAK LIMITED→ SC358190 · est 2009	—	—	£5.5k	—	17y	82	60y
C. & S. SCHOFIELD LIMITED→ SC285780 · est 2005	—	—	—	0	20y	82	74y
CAMVO 197 LIMITED→ SC392612 · est 2011	—	—	—	2	15y	82	68y
ITC (SCOTLAND) LIMITED→ SC285302 · est 2005	—	—	—	3	20y	82	80y
KELVIN HOTEL (OBAN) LTD→ SC338208 · est 2008	—	—	£574.5k	—	18y	82	66y
LINDSAY STREET PROPERTIES LIMITED→ SC067260 · est 1979	—	—	—	4	47y	82	71y
THE GOLFY LIMITED→ SC356796 · est 2009	—	—	—	1200	17y	82	60y
THE STRATH BAR LIMITED→ SC304587 · est 2006	—	—	—	200	19y	82	66y
DUNDEE SURVIVAL GROUP CHARITABLE COMPANY LIMITED→ SC096374 · est 1985 · no financials extracted	—	—	—	—	40y	81	82y

Peers ranked by estimated value, then turnover, then opportunity score.See all →

🔒Tailored diligence questions

9 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.

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Company details

Statusactive

Typeltd

Incorporated2001-02-27

Jurisdictionscotland

Primary SIC56302 — Public houses and bars

Registered office

Lochlands Bar

Lochlands Street

Arbroath

Angus

DD11 3AB

Filing status

Accounts

Next due: 2027-01-31

Last made up to: 2025-04-30

Confirmation statement

Next due: 2027-03-13

Last: 2026-02-27

Officers (2 active · 3 resigned)

BAXTER, William Stewart→

secretary · appointed 2001-04-04

View their other companies + combined net worth →

Active

BAXTER, William Stewart→

director · ~68y · appointed 2001-04-04

View their other companies + combined net worth →

Active

MESSRS THORNTONS WS→

corporate-nominee-secretary · appointed 2001-02-27 · resigned 2001-04-04

Resigned

BAXTER, Janice→

director · ~66y · appointed 2001-04-04 · resigned 2008-08-06

Resigned

HUTCHESON, Iain Henderson→

nominee-director · appointed 2001-02-27 · resigned 2001-04-04

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:3 of 3 shown

		Type	Properties
outstanding	Lloyds Banking Group The Governor and Company of the Bank of Scotland	Standard security	1 property	28/05/2002	—
outstanding	Lloyds Banking Group The Governor and Company of the Bank of Scotland	Standard security	1 property	21/05/2001	—
outstanding	Lloyds Banking Group The Governor and Company of the Bank of Scotland	Bond & floating charge	1 property	10/05/2001	—

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