BLACK MARKET PROPERTIES LIMITED

💤Zombieactive

SC319073 · ltd · incorporated 2007-03-21

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

£75.3k

book net assets

Opportunity

80/100

Exceptional

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What this business does

Primary activity: Development of building projects

Sector: Construction

Investor take

Pursue

Asset-holding vehicle with a 70-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (83/100, director aged 70). 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 (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

Lenders & charges

Confirmed no charges registered

Directors & officers

4 officers (2 active, 4 linked, 2 with DOB)

Ownership & PSC

1 active PSC(s) of 1 total, 1 with control declared

Director network

Network not yet resolved

Filing history

51 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

80/100Exceptional

PassWatchWorth a lookStrongExceptional

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared

Positive net assets

Net assets £75,324

Cash YoY

+347%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£10k

↑ 347% YoY

Net Worth

£75k

↑ 11% YoY

Current Assets

£229k

↑ 3.7% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2025-03-31	2024-03-31
Total assets	£225.3k	£217.8k
Current assets	£228.5k	£220.5k
Cash	£10.4k	£2.3k
Net assets	£75.3k	£67.8k

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

• 2 officers
• 1 confirmation-statement

Last 90 days

filings

• 2 officers
• 1 confirmation-statement

Last 180 days

filings

• 2 officers
• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (22 events)Click to expand

2026-04-13
📄
change-person-director-company-with-change-date
officers · CH01
2026-04-13
📄
change-person-secretary-company-with-change-date
officers · CH03
2025-05-14
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-17
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-11-30
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-10-26
📄
termination-director-company-with-name-termination-date
officers · TM01
2023-03-18
➖
HENDERSON-BLACK, William resigned
director
2022-12-15
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-23
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-12-22
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-12-30
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-07-27
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2017-12-18
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2016-12-21
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2016-03-21
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2015-10-19
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2007-04-14
➕
STEVENS, Lynne appointed
secretary
2007-04-13
➖
JAMIESON'S BOOK-KEEPING & ACCOUNTANCY LTD resigned
corporate-secretary
2007-03-21
🏢
Company incorporated
As BLACK MARKET PROPERTIES LIMITED
2007-03-21
➕
STEVENS, Lynne appointed
director
2007-03-21
➕
JAMIESON'S BOOK-KEEPING & ACCOUNTANCY LTD appointed
corporate-secretary
2007-03-21
➕
HENDERSON-BLACK, William 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 19 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 70 — 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 70 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 19 years.
secondaryStable-but-static management: Company is 19 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%

Name	Shares	Voting rights	Nature of control	Notified
Lynne Stevens Individual · British · DOB 04/1956 · age 70	75–100%	75–100%	75-100% shares · 75-100% voting	06/04/2016

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

Similar companies

Active · Construction · IV postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
BOILER AND VALVE ENGINEERING LIMITED→ SC524752 · est 2016 · no financials extracted	—	—	—	—	10y	—	—
CAMPBELL & SON ROOFING LTD→ SC636321 · est 2019 · no financials extracted	—	—	—	—	6y	—	—
CITY PAVING HIGHLANDS LIMITED→ SC501050 · est 2015 · no financials extracted	—	—	—	—	11y	—	—
CLARK DEVELOPMENT HIGHLAND LTD→ SC636370 · est 2019 · no financials extracted	—	—	—	—	6y	—	—
COVESEA INVESTMENTS LIMITED→ SC664690 · est 2020 · no financials extracted	—	—	—	—	5y	—	—
CRANLOCH LIMITED→ SC237023 · est 2002 · no financials extracted	—	—	—	—	23y	—	—
CRM CONTRACTING LTD→ SC738617 · est 2022 · no financials extracted	—	—	—	—	3y	—	—
CROSS COUNTRY CONTRACTING LIMITED→ SC227354 · est 2002 · no financials extracted	—	—	—	—	24y	—	—
D A MACKAY SERVICES LTD→ SC517243 · est 2015 · no financials extracted	—	—	—	—	10y	—	—
D A MACLENNAN (SKYE) LTD→ SC414949 · est 2012 · no financials extracted	—	—	—	—	14y	—	—
D ALLAN & SON JOINERY SERVICES LIMITED→ SC560418 · est 2017 · no financials extracted	—	—	—	—	9y	—	—
D ANDERSON & SON LTD→ SC554219 · est 2017 · no financials extracted	—	—	—	—	9y	—	—

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

Incorporated2007-03-21

Jurisdictionscotland

Primary SIC41100 — Development of building projects

Registered office

Park House Centre

South Street

Elgin

Moray

IV30 1JB

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-31

Confirmation statement

Next due: 2027-03-28

Last: 2026-03-14

Officers (2 active · 2 resigned)

STEVENS, Lynne→

secretary · appointed 2007-04-14

View their other companies + combined net worth →

Active

STEVENS, Lynne→

director · ~70y · appointed 2007-03-21

View their other companies + combined net worth →

Active

JAMIESON'S BOOK-KEEPING & ACCOUNTANCY LTD→

corporate-secretary · appointed 2007-03-21 · resigned 2007-04-13

Resigned

HENDERSON-BLACK, William→

director · ~76y · appointed 2007-03-21 · resigned 2023-03-18

Resigned

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

Recent filings (51 total)

confirmation-statement-with-updates

confirmation-statement · CS01

2026-04-13

change-person-director-company-with-change-date

officers · CH01

2026-04-13

change-person-secretary-company-with-change-date

officers · CH03

2026-04-13

accounts-with-accounts-type-total-exemption-full

accounts · AA

2025-05-14

confirmation-statement-with-updates

confirmation-statement · CS01

2025-03-14

accounts-with-accounts-type-total-exemption-full

accounts · AA

2024-12-17

confirmation-statement-with-updates

confirmation-statement · CS01

2024-03-19

accounts-with-accounts-type-total-exemption-full

accounts · AA

2023-11-30

termination-director-company-with-name-termination-date

officers · TM01

2023-10-26

confirmation-statement-with-updates

confirmation-statement · CS01

2023-03-22

accounts-with-accounts-type-total-exemption-full

accounts · AA

2022-12-15

confirmation-statement-with-updates

confirmation-statement · CS01

2022-03-29

accounts-with-accounts-type-total-exemption-full

accounts · AA

2021-12-23

confirmation-statement-with-updates

confirmation-statement · CS01

2021-03-22

accounts-with-accounts-type-total-exemption-full

accounts · AA

2020-12-22