BOX PROPERTY DEVELOPMENTS LIMITED

💤Zombieactive
SC283218 · ltd · incorporated 2005-04-14
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: 70 → 90
  • · Opportunity score: 73 → 82
  • · Bankability: 75 → 85
  • · 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: 70 → 90
  • ↑Bankability: 75 → 85
  • ·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: Buying and selling of own real estate
Sector: Real estate
Investor take
Pursue
Active trading company with a 61-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 85/100. Strong seller-intent signal (80/100, director aged 61). 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).

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 20.2y

30/100
under pressure

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

  • · Oldest live charge is 20.2 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · 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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
5 officers (2 active, 5 linked, 2 with DOB)
78
Ownership & PSC
2 active PSC(s) of 3 total, 3 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
70 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
Metric2025-04-302024-04-30
Average employees00

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

🔒Filing-note intelligence

2 signals 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
2
filings
  • • 1 confirmation-statement
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (29 events)Click to expand
  1. 2026-01-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-01-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-01-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-06-22
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  5. 2023-01-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2022-06-06
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  7. 2022-06-06
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  8. 2022-02-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2022-02-11
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  10. 2022-02-05
    ➖
    ROBERTSON, Grant Watson resigned
    director
  11. 2021-12-10
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  12. 2021-12-10
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  13. 2021-12-10
    🔓
    Charge satisfied #2
  14. 2021-12-10
    🔓
    Charge satisfied #1
  15. 2021-04-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2020-04-20
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  17. 2020-01-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  18. 2019-11-01
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  19. 2019-01-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  20. 2009-11-02
    🔒
    Charge registered #2
    Lender: Clydesdale Bank PLC
  21. 2006-04-04
    🔒
    Charge registered #1
    Lender: Clydesdale Bank Public Limited Company
  22. 2005-04-14
    🏢
    Company incorporated
    As BOX PROPERTY DEVELOPMENTS LIMITED
  23. 2005-04-14
    ➕
    MACCALMAN, Calum appointed
    secretary
  24. 2005-04-14
    ➕
    MACCALMAN, Calum appointed
    director
  25. 2005-04-14
    ➕
    BRIAN REID LTD. appointed
    corporate-nominee-secretary
  26. 2005-04-14
    ➖
    BRIAN REID LTD. resigned
    corporate-nominee-secretary
  27. 2005-04-14
    ➕
    ROBERTSON, Grant Watson appointed
    director
  28. 2005-04-14
    ➕
    STEPHEN MABBOTT LTD. appointed
    corporate-nominee-director
  29. 2005-04-14
    ➖
    STEPHEN MABBOTT LTD. resigned
    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 21 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 61 — 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 61. 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 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

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Calum Maccalman
Individual · British · DOB 01/1965 · age 61
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016
Mrs Alison Edna Maccalman
Individual · British · DOB 01/1970 · age 56
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016
1 historic (ceased) PSC
  • Mr Grant Watson Robertsonceased 05/02/2022· 25-50% shares · 25-50% voting

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

7 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
Incorporated2005-04-14
Jurisdictionscotland
Primary SIC68100 — Buying and selling of own real estate

Registered office

C/O Nelson Gilmour Smith Mercantile Chambers
53 Bothwell Street
Glasgow
G2 6TB
Scotland

Filing status

Accounts
Next due: 2027-01-31
Last made up to: 2025-04-30
Confirmation statement
Next due: 2027-04-28
Last: 2026-04-14

Officers (2 active · 3 resigned)

MACCALMAN, Calum→
secretary · appointed 2005-04-14
View their other companies + combined net worth →
Active
MACCALMAN, Calum→
director · ~61y · appointed 2005-04-14
View their other companies + combined net worth →
Active
BRIAN REID LTD.→
corporate-nominee-secretary · appointed 2005-04-14 · resigned 2005-04-14
Resigned
ROBERTSON, Grant Watson→
director · ~60y · appointed 2005-04-14 · resigned 2022-02-05
Resigned
STEPHEN MABBOTT LTD.→
corporate-nominee-director · appointed 2005-04-14 · resigned 2005-04-14
Resigned

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

Mortgages & charges

2
Total charges
0
Outstanding
0
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
satisfied
Virgin Money
Clydesdale Bank PLC
Standard security1 property02/11/200910/12/2021
satisfied
Virgin Money
Clydesdale Bank Public Limited Company
Floating charge1 property04/04/200610/12/2021

Recent filings (70 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-06-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-01-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-01-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-01-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-22
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-06-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-01-31
confirmation-statement-with-updates
confirmation-statement · CS01
2022-06-07
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-06-06
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-06-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-02-24
termination-director-company-with-name-termination-date
officers · TM01
2022-02-11
mortgage-satisfy-charge-full
mortgage · MR04
2021-12-10