HIREABAND LIMITED

💤Zombieactive
SC233093 · ltd · incorporated 2002-06-20
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 Jul 2024
Net worth
—
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: Other amusement and recreation activities n.e.c.
Sector: Arts, entertainment & recreation
Investor take
Pursue
Active trading company with a 61-year-old founder — textbook succession opportunity.

Opportunity 82/100 (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).

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 18.1y

30/100
under pressure

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

  • · Oldest live charge is 18.1 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (79/100)

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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
4 officers (2 active, 4 linked, 2 with DOB)
80
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
69 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.

Key financials

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

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-07-312023-07-31
Average employees600600

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
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (28 events)Click to expand
  1. 2025-06-30
    ➖
    COTTON, Rachel Amanda resigned
    director
  2. 2025-06-30
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  3. 2025-06-30
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  4. 2025-04-25
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2024-04-02
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2024-03-21
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  7. 2024-03-21
    🔓
    Charge satisfied #1
  8. 2023-07-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2023-05-15
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  10. 2023-04-26
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  11. 2023-04-13
    ➕
    COTTON, Rachel Amanda appointed
    director
  12. 2023-03-13
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  13. 2023-03-10
    📄
    change-person-director-company-with-change-date
    officers · CH01
  14. 2023-03-10
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  15. 2023-03-10
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  16. 2023-03-10
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  17. 2022-04-09
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  18. 2021-02-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  19. 2019-10-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  20. 2019-09-20
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  21. 2018-12-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  22. 2017-02-10
    🔒
    Charge registered #2
    Lender: The Royal Bank of Scotland PLC
  23. 2008-03-31
    🔒
    Charge registered #1
    Lender: West of Scotland Loan Fund Limited
  24. 2002-06-20
    🏢
    Company incorporated
    As HIREABAND LIMITED
  25. 2002-06-20
    ➕
    COTTON, Lisa appointed
    secretary
  26. 2002-06-20
    ➕
    COTTON, Derek Henry appointed
    director
  27. 2002-06-20
    ➕
    OSWALDS OF EDINBURGH LIMITED appointed
    corporate-nominee-secretary
  28. 2002-06-20
    ➖
    OSWALDS OF EDINBURGH LIMITED resigned
    corporate-nominee-secretary

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 24 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 24 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 24 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
Mr Derek Henry Cotton
Individual · British · DOB 06/1965 · age 61
25–50%
—25-50% shares18/07/2017
Mrs Lisa Cotton
Individual · British · DOB 10/1967 · age 59
25–50%
—25-50% shares18/07/2017

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
IBT TRAVEL LIMITED→
SC299214 · est 2006
£4.59M
£3.57M–£5.61M
£12.93M—240020y9358y
ARDROSSAN WINTON ROVERS FOOTBALL CLUB LIMITED→
SC139602 · est 1992 · no financials extracted
————33y8374y
L A BOWL (SCOTLAND) LTD.→
SC392300 · est 2011
————15y8382y
LENDALFOOT COMMUNITY ASSOCIATION LIMITED→
SC289259 · est 2005 · no financials extracted
————20y8385y
M & M THEATRICAL PRODUCTIONS LTD→
SC235693 · est 2002
————23y8362y
THE STEAMSHIP SIR WALTER SCOTT TRUST→
SC271149 · est 2004 · no financials extracted
————21y8394y
WICKED COSTUMES LIMITED→
SC347295 · est 2008
——£1.61M—17y8362y
BEITH COMMUNITY DEVELOPMENT TRUST→
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——£1.89M—15y8274y
CLYDE MARINA LIMITED→
SC155326 · est 1995
——£1.09M—31y8282y
DION PROPERTY LIMITED→
SC338844 · est 2008
———390018y8282y
MRC FITNESS & LEISURE LIMITED→
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——£20.1k—42y8269y
TOCOPA LIMITED→
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————11y——
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
Incorporated2002-06-20
Jurisdictionscotland
Primary SIC93290 — Other amusement and recreation activities n.e.c.

Registered office

6 Danefield Avenue
Largs
KA30 8RU
Scotland

Filing status

Accounts
Next due: 2026-07-31
Last made up to: 2024-07-31
Confirmation statement
Next due: 2026-06-12
Last: 2025-05-29

Officers (2 active · 2 resigned)

COTTON, Lisa→
secretary · appointed 2002-06-20
View their other companies + combined net worth →
Active
COTTON, Derek Henry→
director · ~61y · appointed 2002-06-20
View their other companies + combined net worth →
Active
OSWALDS OF EDINBURGH LIMITED→
corporate-nominee-secretary · appointed 2002-06-20 · resigned 2002-06-20
Resigned
COTTON, Rachel Amanda→
director · ~28y · appointed 2023-04-13 · resigned 2025-06-30
Resigned

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

Mortgages & charges

2
Total charges
1
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge1 property10/02/2017—
satisfied
West of Scotland Loan Fund
West of Scotland Loan Fund Limited
Bond & floating charge1 property31/03/200821/03/2024
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (69 total)

termination-director-company-with-name-termination-date
officers · TM01
2025-06-30
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-06-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-29
accounts-with-accounts-type-micro-entity
accounts · AA
2025-04-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-04-02
mortgage-satisfy-charge-full
mortgage · MR04
2024-03-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-07-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-07-10
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-05-15
appoint-person-director-company-with-name-date
officers · AP01
2023-04-26
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-03-13
change-person-director-company-with-change-date
officers · CH01
2023-03-10
change-person-secretary-company-with-change-date
officers · CH03
2023-03-10
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-03-10