PRIMERO BUSINESS SOLUTIONS LIMITED

💤Zombieactive
SC282049 · ltd · incorporated 2005-03-23
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
—
book net assets
Opportunity
80/100
Exceptional
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What this business does
Primary activity: Financial intermediation not elsewhere classified
Sector: Financial & insurance
ALSO REGISTERED FOR
  • 70221Financial management
Investor take
Pursue
Active trading company with a 74-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (83/100, director aged 74). 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).

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, 2 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 (2 active, 6 linked, 4 with DOB)
83
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
55 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.

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0Mar 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
Average employees1100

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
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (26 events)Click to expand
  1. 2025-11-10
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-12-20
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2023-12-20
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2023-07-18
    📄
    change-person-director-company-with-change-date
    officers · CH01
  5. 2022-11-25
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2022-01-19
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2021-03-16
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2019-12-24
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2018-11-26
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2017-12-20
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2016-12-19
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  12. 2015-11-25
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  13. 2015-08-19
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  14. 2014-12-29
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2014-08-19
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  16. 2009-12-15
    ➖
    ELLIOTT, Susan resigned
    director
  17. 2006-08-18
    ➕
    STEWART, Kenneth Duncan appointed
    director
  18. 2006-08-18
    ➕
    ELLIOTT, Susan appointed
    director
  19. 2006-08-18
    ➖
    SMITH, Fiona Jayne resigned
    director
  20. 2005-08-09
    ➕
    STEWART, Christine appointed
    secretary
  21. 2005-08-09
    ➖
    ELLIOTT, Bruce resigned
    secretary
  22. 2005-08-09
    ➖
    ELLIOTT, Bruce resigned
    director
  23. 2005-03-23
    🏢
    Company incorporated
    As PRIMERO BUSINESS SOLUTIONS LIMITED
  24. 2005-03-23
    ➕
    ELLIOTT, Bruce appointed
    secretary
  25. 2005-03-23
    ➕
    ELLIOTT, Bruce appointed
    director
  26. 2005-03-23
    ➕
    SMITH, Fiona Jayne appointed
    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 20 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 74 — succession pressure is live.

Succession & seller-readiness

98/100
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 74 years old. Natural succession window is now.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondary12+ year tenure: Director in role 20 years.
  • 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 Kenneth Duncan Stewart
Individual · United Kingdom · DOB 11/1952 · age 74
75–100%
75–100%board control75-100% shares · 75-100% voting · board control19/08/2016

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
Incorporated2005-03-23
Jurisdictionscotland
Primary SIC64999 — Financial intermediation not elsewhere classified

Registered office

28 Hillside Road
Forfar
Angus
DD8 2AY

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-09-02
Last: 2025-08-19

Officers (2 active · 4 resigned)

STEWART, Christine→
secretary · appointed 2005-08-09
View their other companies + combined net worth →
Active
STEWART, Kenneth Duncan→
director · ~74y · appointed 2006-08-18
View their other companies + combined net worth →
Active
ELLIOTT, Bruce→
secretary · appointed 2005-03-23 · resigned 2005-08-09
Resigned
ELLIOTT, Bruce→
director · ~58y · appointed 2005-03-23 · resigned 2005-08-09
Resigned
ELLIOTT, Susan→
director · ~56y · appointed 2006-08-18 · resigned 2009-12-15
Resigned
SMITH, Fiona Jayne→
director · ~48y · appointed 2005-03-23 · resigned 2006-08-18
Resigned

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

Recent filings (55 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2025-11-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-08-21
accounts-with-accounts-type-micro-entity
accounts · AA
2024-12-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-19
accounts-with-accounts-type-micro-entity
accounts · AA
2023-12-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-08-19
change-person-director-company-with-change-date
officers · CH01
2023-07-18
accounts-with-accounts-type-micro-entity
accounts · AA
2022-11-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-08-19
accounts-with-accounts-type-micro-entity
accounts · AA
2022-01-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-08-19
accounts-with-accounts-type-micro-entity
accounts · AA
2021-03-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-08-19
accounts-with-accounts-type-micro-entity
accounts · AA
2019-12-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-08-19