SBFS PROPERTIES LIMITED

⚰️Wound downdissolved

SC287593 · private-limited-guarant-nsc · incorporated 2005-07-18

Investment thesis

Company dissolved — not a live target.

Why interesting: Historical record only; useful for precedent research.

Why risky: Not transactable.

Why now

Window steady · low confidence

Stable recent picture — watch for any upcoming trigger event.

What changed my view

Last 30 days

No material changes in the last 30 days.

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 Jul 2016

Net worth

—

book net assets

Opportunity

65/100

Strong

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What this business does

Primary activity: Other letting and operating of own or leased real estate

Sector: Real estate

Investor take

Pass (distressed without resilience)

Distressed property-backed borrower — structural issues outweigh the discount.

Opportunity 65/100 (strong), bankability 62/100. High owner-dependency — earn-out structure likely required for clean transition. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

3 live charges · 3 lenders · oldest 20.4y

35/100

too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

· Oldest live charge is 20.4 years old — likely at or near maturity.
· 3 lenders named — inter-creditor friction likely.
· Legal-friction score 35/100 — workable, but lender will want more DD.

Data confidence

Overall: high (81/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile

address, 1 SIC codes, incorporation date

100

Financials

2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed

Lenders & charges

3 charges (3/3 with lender, 3/3 with type)

Directors & officers

14 officers (6 active, 14 linked, 13 with DOB)

Ownership & PSC

3 active PSC(s) of 3 total, 3 with control declared

Director network

3 connected companies via shared directors

Filing history

59 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

65/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Concerning — overdue filings or status flags present.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Some moderate concerns — review flags.

Signal strength

100

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · UK GAAP

Strong liquidity

Current ratio 37.98 — comfortable headroom

Current ratio

37.98

Liquidity — >1 is healthy

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

—

Current Assets

£14k

↓ 76% YoY

Current Liabilities

£360

↓ 68% YoY

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · UK GAAP

Metric	2016-07-31	2015-07-31
Total assets	£1.13M	£1.17M
Current assets	£13.7k	£57.0k
Debtors	—	£1.3k
Current liabilities	£360	£1.1k

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

filings

Last 90 days

filings

Last 180 days

filings

Counts from Companies House filing history.

Corporate timeline (50 events)Click to expand

2017-08-29
📄
gazette-dissolved-voluntary
gazette · GAZ2(A)
2017-08-29
🏁
Company dissolved
2017-06-13
📄
gazette-notice-voluntary
gazette · GAZ1(A)
2017-06-02
📄
dissolution-application-strike-off-company
dissolution · DS01
2017-03-30
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2016-03-28
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2015-08-05
📄
annual-return-company-with-made-up-date-no-member-list
annual-return · AR01
2015-04-08
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2015-03-28
📄
appoint-person-director-company-with-name-date
officers · AP01
2015-03-05
📄
appoint-person-director-company-with-name-date
officers · AP01
2015-03-02
📄
termination-director-company-with-name-termination-date
officers · TM01
2015-03-02
📄
termination-director-company-with-name-termination-date
officers · TM01
2014-07-18
📄
annual-return-company-with-made-up-date-no-member-list
annual-return · AR01
2014-05-27
➖
SMITH, William resigned
director
2014-02-19
📄
change-person-director-company
officers · CH01
2014-02-19
📄
change-person-director-company
officers · CH01
2014-02-19
📄
change-person-director-company
officers · CH01
2014-02-19
📄
termination-director-company
officers · TM01
2014-02-11
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2014-02-06
📄
change-person-director-company
officers · CH01
2014-02-06
📄
appoint-person-director-company-with-name
officers · AP01
2014-02-06
📄
change-person-director-company
officers · CH01
2014-02-06
📄
change-person-director-company
officers · CH01
2014-02-06
📄
termination-director-company-with-name
officers · TM01
2014-02-06
📄
change-person-director-company-with-change-date
officers · CH01
2014-01-15
➕
YOUNG, James appointed
director
2014-01-15
➖
ERWOOD, Anthony Francis resigned
director
2013-01-22
➕
GRANT, Charles William appointed
director
2012-11-20
➖
NICOLSON, Laurence David resigned
director
2012-01-01
➕
MOORE, William David appointed
director
2011-07-14
➖
REYNOLDS, Sandra Asta resigned
director
2011-05-03
➕
HUNTER, John Nicolson appointed
director
2011-04-20
➖
BURGESS, John Moncrieff resigned
director
2011-04-05
➕
GLESNES MARTIN, Janne appointed
director
2010-10-01
➖
COOPER, David resigned
director
2010-01-13
🔒
Charge registered #3
Lender: Royal Bank of Scotland PLC
2009-04-21
➕
ERWOOD, Anthony Francis appointed
director
2009-01-26
➖
HAWKINS, Iris Jean resigned
director
2008-06-04
➖
REYNOLDS, Sandra Asta resigned
secretary
2006-01-30
🔒
Charge registered #2
Lender: New Opportunities Fund (Operating as the Big Lottery Fund)
2006-01-30
🔒
Charge registered #1
Lender: Highlands and Islands Enterprise
2005-11-08
➕
NICOLSON, Laurence David appointed
director
2005-07-18
🏢
Company incorporated
As SBFS PROPERTIES LIMITED
2005-07-18
➕
JOHNSON, Robert Alexander Charles appointed
director
2005-07-18
➕
REYNOLDS, Sandra Asta appointed
secretary
2005-07-18
➕
BURGESS, John Moncrieff appointed
director
2005-07-18
➕
COOPER, David appointed
director
2005-07-18
➕
HAWKINS, Iris Jean appointed
director
2005-07-18
➕
REYNOLDS, Sandra Asta appointed
director
2005-07-18
➕
SMITH, William appointed
director

Owner dependency

65/100

High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS

-6 active directors: Broader management team in place — suggests transferable governance.
+Long-tenure founder: Senior director has been in place 21 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 85 — succession pressure is live.

Succession & seller-readiness

90/100

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 85 years old. Natural succession window is now.
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

1 high ·

Company dissolved

high

Company has been dissolved — it no longer legally exists. Any diligence here is historical only.

Evidence: Dissolved on 2017-08-29

Group structure

Shetland Bus Friendship Society Scio is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️

Shetland Bus Friendship Society Scio

Corporate parent · holds 75-100% shares

ultimate parent

⬇

SBFS PROPERTIES LIMITED

This company · SC287593

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

Shareholders & ownership

3 active beneficial owners · dominant holder ≥75%

Name	Shares	Voting rights	Nature of control	Notified
Shetland Bus Friendship Society Scio Corporate entity	75–100%	—	sig. influence75-100% shares · significant influence	06/04/2016
Mr John Nicolson Hunter Individual · British · DOB 11/1953 · age 73	—	—	sig. influencesignificant influence	06/04/2016
Mr Charles William Grant Individual · British · DOB 09/1953 · age 73	—	—	sig. influencesignificant influence	06/04/2016

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 →

Similar companies

Active · Property · ZE postcode area

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MARK DUNCAN DEVELOPMENTS LIMITED→ SC318791 · est 2007	£710.9k £604.3k–£817.6k	—	£710.9k	—	19y	77	54y
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ENERGY ISLES LIMITED→ SC466337 · est 2013	£478.0k £406.3k–£549.7k	—	£478.0k	—	12y	75	71y
NORDHUS DEVELOPMENTS (SHETLAND) LIMITED→ SC207333 · est 2000	£324.2k £275.5k–£372.8k	—	£324.2k	—	26y	75	54y
SHETLAND FREEZER HOLDINGS LIMITED→ SC141526 · est 1992	£246.6k £209.6k–£283.6k	—	£246.6k	—	33y	82	72y
SHETLAND PROPERTY RENTALS LTD→ SC458133 · est 2013	£126.5k £107.6k–£145.5k	—	£126.5k	—	12y	79	59y
EID DEVELOPMENTS LTD.→ SC274955 · est 2004	£59.0k £50.1k–£67.8k	—	£59.0k	—	21y	80	64y
M.I.A. (PROPERTIES) LIMITED→ SC233583 · est 2002	£51.0k £43.4k–£58.7k	—	£51.0k	—	23y	82	69y
G & E PROPERTIES (SHETLAND) LTD→ SC642636 · est 2019	£21.7k £18.4k–£24.9k	—	£21.7k	—	6y	79	59y
NORTHERN ROCK PROPERTIES LIMITED→ SC526769 · est 2016	£7.6k £6.4k–£8.7k	—	£7.6k	—	10y	78	58y
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Peers ranked by estimated value, then turnover, then opportunity score.See all →

🔒Tailored diligence questions

9 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.

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Company details

Statusdissolved

Typeprivate-limited-guarant-nsc

Incorporated2005-07-18

Jurisdictionscotland

Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

Sbfs Properties Ltd Castle Street

Scalloway

Shetland

ZE1 0TP

Filing status

Accounts

Next due: —

Last made up to: 2016-07-31

Confirmation statement

Next due: —

Last: —