CHUBBY BAGS (PATENTS) LIMITED

🚨Distressedactive
SC265061 · ltd · incorporated 2004-03-17
Investment thesis
Attractive distress candidate — real problems but workable structure.
Why interesting: Falling signals but no deal-breakers yet; room for negotiation and turnaround.
Why risky: Signals worsening; needs speed and capital discipline.
🔒Estimated value
Upgrade to see
Turnover
year to Mar 2024
Net worth
£-11.5k
book net assets
Opportunity
59/100
Worth a look
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What this business does
Primary activity: Activities of patent and copyright agents; other legal activities
Sector: Professional, scientific & technical
Investor take
Pass (distressed without resilience)
Distressed admin-neglect survivor — structural issues outweigh the discount.

Opportunity 59/100 (worth a look), bankability 45/100. Strong seller-intent signal (78/100, director aged 72). Share purchase looks the cleaner deal structure. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: distressed disposal / insolvency (65/100). Current lenders should be on monthly review.

Data confidence

Overall: medium (77/100)

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
6 officers (1 active, 6 linked, 2 with DOB)
77
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
57 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
59/100Worth a look
PassWatchWorth a lookStrongExceptional 

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality
45
Concerning — overdue filings or status flags present.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
41
Multiple red flags — proceed with caution.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Negative net assets
Liabilities exceed assets by £11,530

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
-£12k
Current Assets
£2
Current Liabilities
-£12k-£9k-£7k-£5k-£2k£2Mar 2023Mar 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2024-03-312023-03-31
Total assets£-11.5k
Current assets£2
Net assets£-11.5k

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
1
filing
  • 1 gazette
Last 180 days
3
filings
  • 2 officers
  • 1 gazette
Counts from Companies House filing history.
Corporate timeline (28 events)Click to expand
  1. 2026-03-03
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  2. 2025-12-23
    HARDING, Charles Eggerton Ian resigned
    secretary
  3. 2025-12-23
    HARDING, Charles Eggerton Ian resigned
    director
  4. 2025-12-23
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  5. 2025-12-23
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  6. 2024-09-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2023-12-20
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2022-12-23
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2021-12-23
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2021-02-17
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2019-12-16
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2018-12-14
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2017-12-21
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  14. 2016-12-20
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2016-03-23
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  16. 2015-11-30
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  17. 2015-04-09
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  18. 2014-10-20
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  19. 2007-01-07
    HARDING, Charles Eggerton Ian appointed
    secretary
  20. 2007-01-07
    LAZELL, Mary resigned
    secretary
  21. 2004-03-17
    🏢
    Company incorporated
    As CHUBBY BAGS (PATENTS) LIMITED
  22. 2004-03-17
    GALL, John Scott Donald appointed
    director
  23. 2004-03-17
    LAZELL, Mary appointed
    secretary
  24. 2004-03-17
    ACS SECRETARIES LIMITED appointed
    corporate-nominee-secretary
  25. 2004-03-17
    ACS SECRETARIES LIMITED resigned
    corporate-nominee-secretary
  26. 2004-03-17
    HARDING, Charles Eggerton Ian appointed
    director
  27. 2004-03-17
    ACS NOMINEES LIMITED appointed
    corporate-nominee-director
  28. 2004-03-17
    ACS NOMINEES 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 22 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 72 — 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 72 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 22 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 22 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

2 high · 1 med ·
Accounts overdue
high

Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.

Evidence: Next due: 2025-12-31

Confirmation statement overdue
high

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

Evidence: Next due: 2026-03-31

2 director resignations in last 12 months
medium

Multiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.

Evidence: HARDING, Charles Eggerton Ian resigned 2025-12-23; HARDING, Charles Eggerton Ian resigned 2025-12-23

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Charles Eggerton Ian Harding
Individual · British · DOB 03/1948 · age 78
2550%
25–50%25-50% shares · 25-50% voting17/03/2017
Mr John Scott Donald Gall
Individual · British · DOB 12/1954 · age 72
2550%
25–50%25-50% shares · 25-50% voting17/03/2017

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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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

11 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
Incorporated2004-03-17
Jurisdictionscotland
Primary SIC69109 — Activities of patent and copyright agents; other legal activities

Registered office

3 Prospect Place
Westhill
Aberdeen
Aberdeenshire
AB32 6SY

Filing status

Accounts
Next due: 2025-12-31OVERDUE
Last made up to: 2024-03-31
Confirmation statement
Next due: 2026-03-31OVERDUE
Last: 2025-03-17

Officers (1 active · 5 resigned)

GALL, John Scott Donald
director · ~72y · appointed 2004-03-17
View their other companies + combined net worth →
Active
HARDING, Charles Eggerton Ian
secretary · appointed 2007-01-07 · resigned 2025-12-23
Resigned
LAZELL, Mary
secretary · appointed 2004-03-17 · resigned 2007-01-07
Resigned
ACS SECRETARIES LIMITED
corporate-nominee-secretary · appointed 2004-03-17 · resigned 2004-03-17
Resigned
HARDING, Charles Eggerton Ian
director · ~78y · appointed 2004-03-17 · resigned 2025-12-23
Resigned
ACS NOMINEES LIMITED
corporate-nominee-director · appointed 2004-03-17 · resigned 2004-03-17
Resigned

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

Recent filings (57 total)

gazette-notice-compulsory
gazette · GAZ1
2026-03-03
termination-secretary-company-with-name-termination-date
officers · TM02
2025-12-23
termination-director-company-with-name-termination-date
officers · TM01
2025-12-23
confirmation-statement-with-updates
confirmation-statement · CS01
2025-03-28
accounts-with-accounts-type-micro-entity
accounts · AA
2024-09-30
confirmation-statement-with-updates
confirmation-statement · CS01
2024-03-29
accounts-with-accounts-type-micro-entity
accounts · AA
2023-12-20
confirmation-statement-with-updates
confirmation-statement · CS01
2023-03-27
accounts-with-accounts-type-micro-entity
accounts · AA
2022-12-23
confirmation-statement-with-updates
confirmation-statement · CS01
2022-03-22
accounts-with-accounts-type-micro-entity
accounts · AA
2021-12-23
confirmation-statement-with-updates
confirmation-statement · CS01
2021-03-18
accounts-with-accounts-type-micro-entity
accounts · AA
2021-02-17
confirmation-statement-with-updates
confirmation-statement · CS01
2020-03-24
accounts-with-accounts-type-micro-entity
accounts · AA
2019-12-16