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.
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
65/100
Strong
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 20.3y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 20.3 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: medium (58/100)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
No iXBRL financials extracted
0
Lenders & charges
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
14 officers (6 active, 14 linked, 13 with DOB)
89
Ownership & PSC
3 active PSC(s) of 3 total, 3 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
59 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
65/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
30
Concerning — overdue filings or status flags present.
Acquirability
85
Strong succession / seller-readiness signals.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.
Recent activity
Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (50 events)Click to expand
- 2017-08-29📄gazette-dissolved-voluntarygazette · GAZ2(A)
- 2017-08-29🏁Company dissolved
- 2017-06-13📄gazette-notice-voluntarygazette · GAZ1(A)
- 2017-06-02📄dissolution-application-strike-off-companydissolution · DS01
- 2017-03-30📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2016-03-28📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2015-08-05📄annual-return-company-with-made-up-date-no-member-listannual-return · AR01
- 2015-04-08📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2015-03-28📄appoint-person-director-company-with-name-dateofficers · AP01
- 2015-03-05📄appoint-person-director-company-with-name-dateofficers · AP01
- 2015-03-02📄termination-director-company-with-name-termination-dateofficers · TM01
- 2015-03-02📄termination-director-company-with-name-termination-dateofficers · TM01
- 2014-07-18📄annual-return-company-with-made-up-date-no-member-listannual-return · AR01
- 2014-05-27➖SMITH, William resigneddirector
- 2014-02-19📄change-person-director-companyofficers · CH01
- 2014-02-19📄change-person-director-companyofficers · CH01
- 2014-02-19📄change-person-director-companyofficers · CH01
- 2014-02-19📄termination-director-companyofficers · TM01
- 2014-02-11📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2014-02-06📄change-person-director-companyofficers · CH01
- 2014-02-06📄appoint-person-director-company-with-nameofficers · AP01
- 2014-02-06📄change-person-director-companyofficers · CH01
- 2014-02-06📄change-person-director-companyofficers · CH01
- 2014-02-06📄termination-director-company-with-nameofficers · TM01
- 2014-02-06📄change-person-director-company-with-change-dateofficers · CH01
- 2014-01-15➕YOUNG, James appointeddirector
- 2014-01-15➖ERWOOD, Anthony Francis resigneddirector
- 2013-01-22➕GRANT, Charles William appointeddirector
- 2012-11-20➖NICOLSON, Laurence David resigneddirector
- 2012-01-01➕MOORE, William David appointeddirector
- 2011-07-14➖REYNOLDS, Sandra Asta resigneddirector
- 2011-05-03➕HUNTER, John Nicolson appointeddirector
- 2011-04-20➖BURGESS, John Moncrieff resigneddirector
- 2011-04-05➕GLESNES MARTIN, Janne appointeddirector
- 2010-10-01➖COOPER, David resigneddirector
- 2010-01-13🔒Charge registered #3Lender: Royal Bank of Scotland PLC
- 2009-04-21➕ERWOOD, Anthony Francis appointeddirector
- 2009-01-26➖HAWKINS, Iris Jean resigneddirector
- 2008-06-04➖REYNOLDS, Sandra Asta resignedsecretary
- 2006-01-30🔒Charge registered #2Lender: New Opportunities Fund (Operating as the Big Lottery Fund)
- 2006-01-30🔒Charge registered #1Lender: Highlands and Islands Enterprise
- 2005-11-08➕NICOLSON, Laurence David appointeddirector
- 2005-07-18🏢Company incorporatedAs SBFS PROPERTIES LIMITED
- 2005-07-18➕JOHNSON, Robert Alexander Charles appointeddirector
- 2005-07-18➕REYNOLDS, Sandra Asta appointedsecretary
- 2005-07-18➕BURGESS, John Moncrieff appointeddirector
- 2005-07-18➕COOPER, David appointeddirector
- 2005-07-18➕HAWKINS, Iris Jean appointeddirector
- 2005-07-18➕REYNOLDS, Sandra Asta appointeddirector
- 2005-07-18➕SMITH, William appointeddirector
Owner dependency
65/100
High — earn-out structure requiredMaterial 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 candidateStrong 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
highCompany 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.
🏛️ultimate parent
Shetland Bus Friendship Society Scio
Corporate parent · holds 75-100% shares
⬇
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| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| LEAGARTH ESTATES LIMITED→ SC032734 · est 1957 | £555.6k £472.3k–£639.0k | — | £555.6k | — | 68y | 81 | 71y |
| M.I.A. (PROPERTIES) LIMITED→ SC233583 · est 2002 | £69.5k £59.1k–£80.0k | — | £69.5k | — | 23y | 82 | 69y |
| EID DEVELOPMENTS LTD.→ SC274955 · est 2004 | £59.0k £50.1k–£67.8k | — | £59.0k | — | 21y | 80 | 64y |
| 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 |
| IRVINE ENTERPRISES SHETLAND LIMITED→ SC136867 · est 1992 | — | — | — | 500 | 34y | 82 | 64y |
| DTM PROPERTY LETTING SERVICES LIMITED→ SC362655 · est 2009 | — | — | — | 0 | 16y | 80 | 66y |
| GLOBE BUTCHERS→ SC245569 · est 2003 | — | — | — | 100 | 23y | 80 | 60y |
| ADAMSON BROS (SHETLAND) LIMITED→ SC143091 · est 1993 | — | — | — | 100 | 33y | 79 | 73y |
| DERRYARKIN ASSET MGT LTD→ SC506541 · est 2015 | — | — | — | 0 | 10y | 79 | 59y |
| M & M JOHNSON INVESTMENTS LIMITED→ SC257477 · est 2003 | — | — | — | 2 | 22y | 79 | 65y |
| GARTH ESTATE LIMITED→ SC650045 · est 2019 | — | — | — | 300 | 6y | 77 | 60y |
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.
See pricing →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: —
Officers (0 active · 8 resigned)
GLESNES MARTIN, Janne→
Activedirector · ~55y · appointed 2011-04-05
View their other companies + combined net worth →
GRANT, Charles William→
Activedirector · ~73y · appointed 2013-01-22
View their other companies + combined net worth →
HUNTER, John Nicolson→
Activedirector · ~73y · appointed 2011-05-03
View their other companies + combined net worth →
JOHNSON, Robert Alexander Charles→
Activedirector · ~85y · appointed 2005-07-18
View their other companies + combined net worth →
MOORE, William David→
Activedirector · ~84y · appointed 2012-01-01
View their other companies + combined net worth →
YOUNG, James→
Activedirector · ~74y · appointed 2014-01-15
View their other companies + combined net worth →
REYNOLDS, Sandra Asta→
Resignedsecretary · appointed 2005-07-18 · resigned 2008-06-04
BURGESS, John Moncrieff→
Resigneddirector · ~90y · appointed 2005-07-18 · resigned 2011-04-20
COOPER, David→
Resigneddirector · ~65y · appointed 2005-07-18 · resigned 2010-10-01
ERWOOD, Anthony Francis→
Resigneddirector · ~74y · appointed 2009-04-21 · resigned 2014-01-15
HAWKINS, Iris Jean→
Resigneddirector · ~80y · appointed 2005-07-18 · resigned 2009-01-26
NICOLSON, Laurence David→
Resigneddirector · ~96y · appointed 2005-11-08 · resigned 2012-11-20
REYNOLDS, Sandra Asta→
Resigneddirector · ~71y · appointed 2005-07-18 · resigned 2011-07-14
SMITH, William→
Resigneddirector · ~97y · appointed 2005-07-18 · resigned 2014-05-27
Click a director name to see their full track record across all companies.
Mortgages & charges
3
Total charges
3
Outstanding
3
Active lenders
Status:Lender:3 of 3 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group Royal Bank of Scotland PLC | Floating charge | 1 property | 13/01/2010 | — | |
| outstanding | New Opportunities Fund (Operating as the Big Lottery Fund) | Standard security | 1 property | 30/01/2006 | — | |
| outstanding | Highlands and Islands Enterprise | Standard security | 1 property | 30/01/2006 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (59 total)
gazette-dissolved-voluntary
gazette · GAZ2(A)
2017-08-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2017-08-15
gazette-notice-voluntary
gazette · GAZ1(A)
2017-06-13
dissolution-application-strike-off-company
dissolution · DS01
2017-06-02
accounts-with-accounts-type-total-exemption-small
accounts · AA
2017-03-30
confirmation-statement-with-updates
confirmation-statement · CS01
2016-07-27
accounts-with-accounts-type-total-exemption-small
accounts · AA
2016-03-28
annual-return-company-with-made-up-date-no-member-list
annual-return · AR01
2015-08-05
accounts-with-accounts-type-total-exemption-small
accounts · AA
2015-04-08
appoint-person-director-company-with-name-date
officers · AP01
2015-03-28
appoint-person-director-company-with-name-date
officers · AP01
2015-03-05
termination-director-company-with-name-termination-date
officers · TM01
2015-03-02
termination-director-company-with-name-termination-date
officers · TM01
2015-03-02
annual-return-company-with-made-up-date-no-member-list
annual-return · AR01
2014-07-18
change-person-director-company
officers · CH01
2014-02-19