NIDDRY BING LIMITED

💤Zombieactive
SC241521 · ltd · incorporated 2002-12-23
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 Mar 2025
Net worth
£1.19M
book net assets
Opportunity
71/100
Strong
🔔
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What this business does
Primary activity: SIC 39000
Sector: Water supply & waste
Investor take
Special-situation opportunity
Distressed energy with salvageable qualities — special-situations priority.

Opportunity 71/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Biggest value-creation lever: Resolve: Confirmation statement overdue. Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

1 live charge · oldest 10.8y

45/100
under pressure

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

  • · Oldest live charge is 10.8 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · 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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
10 officers (1 active, 10 linked, 7 with DOB)
84
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
86 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
71/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
60
Adequate — check latest filings for context.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
67
Some moderate concerns — review 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 £1,189,475

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£1.2m
Current Assets
£1.2m
Current Liabilities
—
£0£244k£489k£733k£978k£1.2mMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-312024-03-31
Total assets£1.40M—
Current assets£1.22M—
Net assets£1.19M—
Average employees—-400

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

Recent activity

Last 30 days
1
filing
  • • 1 gazette
Last 90 days
1
filing
  • • 1 gazette
Last 180 days
2
filings
  • • 1 gazette
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (39 events)Click to expand
  1. 2026-04-14
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  2. 2025-12-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2024-12-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2024-07-03
    📄
    change-person-director-company-with-change-date
    officers · CH01
  5. 2023-12-26
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2022-06-29
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  7. 2021-12-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2021-03-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2019-12-16
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2019-06-26
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2019-06-24
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2019-02-27
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  13. 2018-04-17
    📄
    dissolved-compulsory-strike-off-suspended
    dissolution · DISS16(SOAS)
  14. 2018-03-06
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  15. 2017-10-13
    ➖
    COOPER, Simon Nicholas Hope resigned
    director
  16. 2017-10-13
    ➖
    MITCHELL, Hamish Campbell Maclaine resigned
    director
  17. 2017-10-13
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  18. 2017-10-13
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  19. 2017-10-13
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  20. 2017-10-13
    🔓
    Charge satisfied #1
  21. 2017-08-15
    ➕
    COOPER, Simon Nicholas Hope appointed
    director
  22. 2017-07-31
    ➖
    BEATTIE, George resigned
    director
  23. 2017-05-28
    ➕
    BEATTIE, John appointed
    director
  24. 2017-03-28
    ➕
    MITCHELL, Hamish Campbell Maclaine appointed
    director
  25. 2015-07-23
    🔒
    Charge registered #1
    Lender: LTF2 Limited
  26. 2015-03-01
    ➖
    BEATTIE, George resigned
    director
  27. 2015-02-27
    ➖
    BEATTIE, Michelle resigned
    director
  28. 2015-02-01
    ➖
    BEATTIE, George resigned
    secretary
  29. 2015-01-27
    ➖
    BEATTIE, George resigned
    director
  30. 2015-01-05
    ➕
    BEATTIE, George appointed
    director
  31. 2012-06-01
    ➕
    BEATTIE, George appointed
    director
  32. 2003-01-08
    ➕
    BEATTIE, George appointed
    secretary
  33. 2003-01-08
    ➖
    OSWALDS OF EDINBURGH LIMITED resigned
    corporate-nominee-secretary
  34. 2003-01-08
    ➕
    BEATTIE, George appointed
    director
  35. 2003-01-08
    ➕
    BEATTIE, Michelle appointed
    director
  36. 2003-01-08
    ➖
    JORDANS (SCOTLAND) LIMITED resigned
    corporate-nominee-director
  37. 2002-12-23
    🏢
    Company incorporated
    As NIDDRY BING LIMITED
  38. 2002-12-23
    ➕
    OSWALDS OF EDINBURGH LIMITED appointed
    corporate-nominee-secretary
  39. 2002-12-23
    ➕
    JORDANS (SCOTLAND) LIMITED appointed
    corporate-nominee-director

Owner dependency

83/100
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.
  • +Senior director age: Director aged approximately 64 — approaching natural succession window.

Succession & seller-readiness

75/100
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 64. Approaching typical UK retirement age — succession thinking likely.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondaryStable-but-static management: Company is 23 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

1 high ·
Confirmation statement overdue
high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2026-01-06

Group structure

Niddry (Winchburgh) Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Niddry (Winchburgh) Limited
Corporate parent · holds 75-100% shares
ultimate parent
⬇
NIDDRY BING LIMITED
This company · SC241521

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Niddry (Winchburgh) Limited
Corporate entity
75–100%
—75-100% shares13/10/2017
2 historic (ceased) PSCs
  • Ltf2 Limitedceased 13/10/2017· 75-100% shares · 75-100% voting · board control
  • Mr George Beattieceased 23/11/2016· 75-100% shares

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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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
Incorporated2002-12-23
Jurisdictionscotland
Primary SIC39000 — SIC 39000

Registered office

7 Hopetoun Crescent
Edinburgh
EH7 4AY
Scotland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-01-06OVERDUE
Last: 2024-12-23

Officers (1 active · 9 resigned)

BEATTIE, John→
director · ~64y · appointed 2017-05-28
View their other companies + combined net worth →
Active
BEATTIE, George→
secretary · appointed 2003-01-08 · resigned 2015-02-01
Resigned
OSWALDS OF EDINBURGH LIMITED→
corporate-nominee-secretary · appointed 2002-12-23 · resigned 2003-01-08
Resigned
BEATTIE, George→
director · ~42y · appointed 2015-01-05 · resigned 2017-07-31
Resigned
BEATTIE, George→
director · ~42y · appointed 2012-06-01 · resigned 2015-01-27
Resigned
BEATTIE, George→
director · ~65y · appointed 2003-01-08 · resigned 2015-03-01
Resigned
BEATTIE, Michelle→
director · ~64y · appointed 2003-01-08 · resigned 2015-02-27
Resigned
COOPER, Simon Nicholas Hope→
director · ~72y · appointed 2017-08-15 · resigned 2017-10-13
Resigned
MITCHELL, Hamish Campbell Maclaine→
director · ~77y · appointed 2017-03-28 · resigned 2017-10-13
Resigned
JORDANS (SCOTLAND) LIMITED→
corporate-nominee-director · appointed 2002-12-23 · resigned 2003-01-08
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
LTF2
LTF2 Limited
A registered charge—23/07/201513/10/2017

Recent filings (86 total)

gazette-notice-compulsory
gazette · GAZ1
2026-04-14
accounts-with-accounts-type-micro-entity
accounts · AA
2025-12-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-13
change-person-director-company-with-change-date
officers · CH01
2024-07-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-29
accounts-with-accounts-type-micro-entity
accounts · AA
2023-12-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-02-09
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-06-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-02-21
accounts-with-accounts-type-micro-entity
accounts · AA
2021-12-28
accounts-with-accounts-type-micro-entity
accounts · AA
2021-03-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-01-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-02-10
accounts-with-accounts-type-micro-entity
accounts · AA
2019-12-16