ALBASURE LTD.

💤Zombieactive
SC277428 · ltd · incorporated 2004-12-15
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.
Why now
Window closing · high confidence
Getting harder to buy cheaply — 3 signals strengthening over the last 30 days.
  • · Hygiene score: 62 → 82
  • · Opportunity score: 73 → 82
  • · Bankability: 70 → 80
  • · Distress / opportunity: speculative → avoid
Opportunity decay
hardening · 6-months
Hardening — profile is tightening. If you want to act, do it before the window closes further.
  • · 3 recent signals strengthening vs 0 weakening
What changed my view
Last 30 days

Picture improved over the last 30 days — 3 positive signals vs 0 negative.

  • ↑Opportunity score: 73 → 82
  • ↑Hygiene score: 62 → 82
  • ↑Bankability: 70 → 80
  • ·Distress / opportunity: speculative → avoid
Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value
—
Upgrade to see
Turnover
—
year to Apr 2025
Net worth
—
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: Life insurance
Sector: Financial & insurance
Investor take
Pursue
Active trading company with a 75-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 80/100. Strong seller-intent signal (83/100, director aged 75). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 1 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

1 live charge · oldest 20.9y

45/100
under pressure

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

  • · Oldest live charge is 20.9 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (76/100)

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
5 officers (2 active, 5 linked, 2 with DOB)
78
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
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£0Apr 2024Apr 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-04-052024-04-05
Average employees100100

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
1
filing
  • • 1 confirmation-statement
Last 90 days
1
filing
  • • 1 confirmation-statement
Last 180 days
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (24 events)Click to expand
  1. 2025-10-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-12-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-12-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-01-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2022-01-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2021-03-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2021-03-19
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  8. 2021-03-19
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  9. 2021-03-19
    📄
    change-person-director-company-with-change-date
    officers · CH01
  10. 2019-12-19
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2018-12-19
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2017-12-18
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2016-12-14
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  14. 2016-01-25
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  15. 2014-12-09
    ➖
    STEWART, Valerie resigned
    director
  16. 2005-07-14
    🔒
    Charge registered #1
    Lender: Clydesdale Bank Public Limited Company
  17. 2004-12-15
    🏢
    Company incorporated
    As ALBASURE LTD.
  18. 2004-12-15
    ➕
    STEWART, Alexander Bruce appointed
    secretary
  19. 2004-12-15
    ➕
    STEWART, Alexander Bruce appointed
    director
  20. 2004-12-15
    ➕
    BRIAN REID LTD. appointed
    corporate-nominee-secretary
  21. 2004-12-15
    ➖
    BRIAN REID LTD. resigned
    corporate-nominee-secretary
  22. 2004-12-15
    ➕
    STEWART, Valerie appointed
    director
  23. 2004-12-15
    ➕
    STEPHEN MABBOTT LTD. appointed
    corporate-nominee-director
  24. 2004-12-15
    ➖
    STEPHEN MABBOTT LTD. 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 21 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 75 — 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 75 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 21 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 21 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 Alexander Bruce Stewart
Individual · British · DOB 04/1951 · age 75
75–100%
—75-100% shares06/04/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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THE SCOTTISH LION INSURANCE COMPANY LIMITED→
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————78y8379y
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———20021y8162y
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———210018y8161y
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————23y8061y
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———011y8059y
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————23y8073y
KAIM INVESTMENT COMPANY LIMITED→
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———287y8088y
RODNEY NEIL FINANCIAL SERVICES (BLAIRGOWRIE) LIMITED→
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——£100.9k—25y8067y
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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
Incorporated2004-12-15
Jurisdictionscotland
Primary SIC65110 — Life insurance

Registered office

4 King Edward Street
Perth
PH1 5UT

Filing status

Accounts
Next due: 2027-01-05
Last made up to: 2025-04-05
Confirmation statement
Next due: 2027-03-30
Last: 2026-03-16

Officers (2 active · 3 resigned)

STEWART, Alexander Bruce→
secretary · appointed 2004-12-15
View their other companies + combined net worth →
Active
STEWART, Alexander Bruce→
director · ~75y · appointed 2004-12-15
View their other companies + combined net worth →
Active
BRIAN REID LTD.→
corporate-nominee-secretary · appointed 2004-12-15 · resigned 2004-12-15
Resigned
STEWART, Valerie→
director · ~63y · appointed 2004-12-15 · resigned 2014-12-09
Resigned
STEPHEN MABBOTT LTD.→
corporate-nominee-director · appointed 2004-12-15 · resigned 2004-12-15
Resigned

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
Virgin Money
Clydesdale Bank Public Limited Company
Standard security1 property14/07/2005—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (58 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-05-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-10-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-04-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-01-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-05-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-01-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-03-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-03-19
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2021-03-19
change-person-secretary-company-with-change-date
officers · CH03
2021-03-19
change-person-director-company-with-change-date
officers · CH01
2021-03-19