BIG APPLE GRAPHICS LIMITED

💤Zombieactive
SC237552 · ltd · incorporated 2002-10-01
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
£60.2k
book net assets
Opportunity
80/100
Exceptional
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What this business does
Primary activity: Specialised design activities
Sector: Professional, scientific & technical
Investor take
Pursue
Strong opportunity: asset-holding vehicle with exceptional profile and bankable structure.

Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (70/100, director aged 58). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Deleverage or restructure. Leverage at 100% of assets — consider sale of non-core assets or equity injection. Most likely exit: share sale to pe / searcher (73/100).

Data confidence

Overall: medium (75/100)

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
Confirmed no charges registered
85
Directors & officers
4 officers (1 active, 4 linked, 1 with DOB)
75
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
58 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.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £60,220
High leverage
Liabilities are 100% of total assets
Leverage
100%
Liabilities / Total assets

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
£60k
↑ 18% YoY
Current Assets
£59k
↑ 18% YoY
Current Liabilities
£0£12k£24k£36k£48k£60kOct 2023Oct 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-10-312023-10-31
Total assets£63.4k£56.0k
Current assets£59.2k£50.0k
Net assets£60.2k£51.0k

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 (23 events)Click to expand
  1. 2025-01-22
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-01-15
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2023-10-18
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  4. 2023-10-10
    BARBOUR, James Alexander resigned
    secretary
  5. 2023-01-03
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2022-01-18
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2020-12-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2019-12-09
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2018-11-20
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  10. 2017-12-27
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  11. 2016-12-28
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  12. 2016-04-11
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  13. 2015-10-22
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  14. 2015-02-12
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2014-10-22
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  16. 2014-02-26
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  17. 2002-10-09
    BARBOUR, James Alexander appointed
    secretary
  18. 2002-10-09
    @UKPLC CLIENT SECRETARY LTD resigned
    corporate-nominee-secretary
  19. 2002-10-04
    MACRAE, Rhona Ann appointed
    director
  20. 2002-10-04
    @UKPLC CLIENT DIRECTOR LTD resigned
    corporate-nominee-director
  21. 2002-10-01
    🏢
    Company incorporated
    As BIG APPLE GRAPHICS LIMITED
  22. 2002-10-01
    @UKPLC CLIENT SECRETARY LTD appointed
    corporate-nominee-secretary
  23. 2002-10-01
    @UKPLC CLIENT DIRECTOR LTD appointed
    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 24 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 58 — 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 58. 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

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Miss Rhona Ann Macrae
Individual · United Kingdom · DOB 11/1968 · age 58
75100%
75-100% shares20/10/2016

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

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
Incorporated2002-10-01
Jurisdictionscotland
Primary SIC74100 — Specialised design activities

Registered office

57 Braeside Place
Aberdeen
AB15 7TX

Filing status

Accounts
Next due: 2026-07-31
Last made up to: 2024-10-31
Confirmation statement
Next due: 2026-11-01
Last: 2025-10-18

Officers (1 active · 3 resigned)

MACRAE, Rhona Ann
director · ~58y · appointed 2002-10-04
View their other companies + combined net worth →
Active
BARBOUR, James Alexander
secretary · appointed 2002-10-09 · resigned 2023-10-10
Resigned
@UKPLC CLIENT SECRETARY LTD
corporate-nominee-secretary · appointed 2002-10-01 · resigned 2002-10-09
Resigned
@UKPLC CLIENT DIRECTOR LTD
corporate-nominee-director · appointed 2002-10-01 · resigned 2002-10-04
Resigned

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

Recent filings (58 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-22
accounts-with-accounts-type-micro-entity
accounts · AA
2025-01-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-18
accounts-with-accounts-type-micro-entity
accounts · AA
2024-01-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-18
termination-secretary-company-with-name-termination-date
officers · TM02
2023-10-18
accounts-with-accounts-type-micro-entity
accounts · AA
2023-01-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-10-18
accounts-with-accounts-type-micro-entity
accounts · AA
2022-01-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-10-19
accounts-with-accounts-type-micro-entity
accounts · AA
2020-12-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-10-19
accounts-with-accounts-type-micro-entity
accounts · AA
2019-12-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-10-21
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2018-11-20