BAG SUPPLIES (FIBC) LTD.

💤Zombieactive
SC222749 · ltd · incorporated 2001-08-31
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
—
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Turnover
—
year to Dec 2024
Net worth
£195.0k
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: Other retail sale not in stores, stalls or markets
Sector: Wholesale & retail
Investor take
Pursue
Asset-holding vehicle with a 77-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 85/100. Strong seller-intent signal (83/100, director aged 77). 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).

🏦

Refinance opportunity

1 live charge · oldest 22.0y

45/100
under pressure

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

  • · Oldest live charge is 22.0 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (78/100)

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
75
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
4 officers (2 active, 4 linked, 1 with DOB)
75
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
60 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
82/100Exceptional
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
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £195,026

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£195k
↑ 1.6% YoY
Current Assets
£159k
↑ 16% YoY
Current Liabilities
—
£0£39k£78k£117k£156k£195kDec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-12-312023-12-31
Total assets£195.0k£191.9k
Current assets£158.8k£137.0k
Net assets£195.0k£191.9k

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 (24 events)Click to expand
  1. 2025-09-25
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-09-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2023-09-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2022-09-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2021-09-09
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2020-11-24
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2019-09-11
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2018-09-12
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2017-09-19
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2017-09-08
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  11. 2017-09-08
    🔓
    Charge satisfied #1
  12. 2016-09-22
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  13. 2015-09-24
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  14. 2015-09-04
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  15. 2014-09-29
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2014-09-29
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  17. 2004-05-10
    🔒
    Charge registered #1
    Lender: Clydesdale Bank Public Limited Company
  18. 2001-08-31
    🏢
    Company incorporated
    As BAG SUPPLIES (FIBC) LTD.
  19. 2001-08-31
    ➕
    EYLES, Paul Francis appointed
    secretary
  20. 2001-08-31
    ➕
    MILLER, Joseph William appointed
    director
  21. 2001-08-31
    ➕
    OSWALDS OF EDINBURGH LIMITED appointed
    corporate-nominee-secretary
  22. 2001-08-31
    ➖
    OSWALDS OF EDINBURGH LIMITED resigned
    corporate-nominee-secretary
  23. 2001-08-31
    ➕
    JORDANS (SCOTLAND) LIMITED appointed
    corporate-nominee-director
  24. 2001-08-31
    ➖
    JORDANS (SCOTLAND) LIMITED resigned
    corporate-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.
  • +Long-tenure founder: Senior director has been in place 25 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 77 — succession pressure is live.

Succession & seller-readiness

100/100
Likely off-market candidate

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

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 77 years old. Natural succession window is now.
  • 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

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Joseph William Miller
Individual · British · DOB 04/1949 · age 77
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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CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
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SC331369 · est 2007
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——390018y8266y
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SC026803 · est 1949
£3.30M
£2.48M–£4.13M
——20077y8373y
BRECHIN CASTLE CENTRE LIMITED→
SC154663 · est 1994
——£1.79M—31y8378y
A. KELLY LIMITED→
SC081337 · est 1982
———160043y8274y
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SC268128 · est 2004
———220021y8268y
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———210040y8271y
SA & RZI LTD→
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————5y——
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————22y——
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THE SLEEP HOUSE LIMITED→
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THE SQUARIE NEWSAGENT LIMITED→
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————12y——
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———————
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
Incorporated2001-08-31
Jurisdictionscotland
Primary SIC47990 — Other retail sale not in stores, stalls or markets

Registered office

83 Hawick Drive
Dundee
DD4 0JY

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-09-14
Last: 2025-08-31

Officers (2 active · 2 resigned)

EYLES, Paul Francis→
secretary · appointed 2001-08-31
View their other companies + combined net worth →
Active
MILLER, Joseph William→
director · ~77y · appointed 2001-08-31
View their other companies + combined net worth →
Active
OSWALDS OF EDINBURGH LIMITED→
corporate-nominee-secretary · appointed 2001-08-31 · resigned 2001-08-31
Resigned
JORDANS (SCOTLAND) LIMITED→
corporate-nominee-director · appointed 2001-08-31 · resigned 2001-08-31
Resigned

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

Mortgages & charges

1
Total charges
0
Outstanding
0
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
satisfied
Virgin Money
Clydesdale Bank Public Limited Company
Floating charge1 property10/05/200408/09/2017

Recent filings (60 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2025-09-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-10
accounts-with-accounts-type-micro-entity
accounts · AA
2024-09-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-09-29
accounts-with-accounts-type-micro-entity
accounts · AA
2023-09-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-09-28
accounts-with-accounts-type-micro-entity
accounts · AA
2022-09-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-09-09
accounts-with-accounts-type-micro-entity
accounts · AA
2021-09-09
accounts-with-accounts-type-micro-entity
accounts · AA
2020-11-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-09-11
accounts-with-accounts-type-micro-entity
accounts · AA
2019-09-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-09-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2018-09-12