BOUNDARIES (SCOTLAND) LIMITED

💤Zombieactive
SC340186 · ltd · incorporated 2008-03-26
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
68/100
Strong
🔔
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What this business does
Primary activity: Other specialised construction activities n.e.c.
Sector: Construction
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 68/100 (strong), bankability 65/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: Confirmation statement overdue. Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 15.2y

30/100
under pressure

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

  • · Oldest live charge is 15.2 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (77/100)

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
2 officers (1 active, 2 linked, 1 with DOB)
80
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
52 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
68/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
Adequate — check latest filings for context.
Acquirability
60
Some acquirability indicators.
Risk profile
67
Some moderate concerns — review 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£0Mar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-03-312024-03-31
Average employees5400

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
0
filings
Counts from Companies House filing history.
Corporate timeline (23 events)Click to expand
  1. 2025-10-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-03-27
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  3. 2025-01-17
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  4. 2025-01-16
    🔒
    Charge registered #2
    Lender: Oxbury Bank PLC
  5. 2024-12-05
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  6. 2024-12-05
    🔓
    Charge satisfied #1
  7. 2024-11-11
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2023-12-19
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2023-02-17
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  10. 2022-12-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2022-04-14
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  12. 2022-04-08
    MACALLISTER, Lyndsey resigned
    secretary
  13. 2021-12-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  14. 2021-03-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  15. 2019-12-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  16. 2018-12-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  17. 2018-01-26
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  18. 2017-12-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  19. 2016-12-30
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  20. 2011-02-09
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  21. 2008-03-26
    🏢
    Company incorporated
    As BOUNDARIES (SCOTLAND) LIMITED
  22. 2008-03-26
    WILSON, Neil appointed
    director
  23. 2008-03-26
    MACALLISTER, Lyndsey appointed
    secretary

Owner dependency

85/100
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 18 years — deep operational knowledge concentrated in one person.

Succession & seller-readiness

63/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondary12+ year tenure: Director in role 18 years.
  • secondaryStable-but-static management: Company is 18 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

1 high ·
Confirmation statement overdue
high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2026-04-09

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Neil Wilson
Individual · British · DOB 08/1975 · age 51
75100%
75–100%board control75-100% shares · 75-100% voting · board control06/04/2016

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

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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
Incorporated2008-03-26
Jurisdictionscotland
Primary SIC43999 — Other specialised construction activities n.e.c.

Registered office

Craigmarloch Fold
Port Glasgow Road
Kilmacolm
PA13 4SG
Scotland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-04-09OVERDUE
Last: 2025-03-26

Officers (1 active · 1 resigned)

WILSON, Neil
director · ~51y · appointed 2008-03-26
View their other companies + combined net worth →
Active
MACALLISTER, Lyndsey
secretary · appointed 2008-03-26 · resigned 2022-04-08
Resigned

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

Mortgages & charges

2
Total charges
1
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
Oxbury Bank
Oxbury Bank PLC
A registered charge16/01/2025
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Floating charge1 property09/02/201105/12/2024
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (52 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-10-29
confirmation-statement-with-updates
confirmation-statement · CS01
2025-03-31
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-03-27
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-01-17
mortgage-satisfy-charge-full
mortgage · MR04
2024-12-05
accounts-with-accounts-type-micro-entity
accounts · AA
2024-11-11
confirmation-statement-with-updates
confirmation-statement · CS01
2024-04-09
accounts-with-accounts-type-micro-entity
accounts · AA
2023-12-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-27
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-02-17
accounts-with-accounts-type-micro-entity
accounts · AA
2022-12-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-04-14
termination-secretary-company-with-name-termination-date
officers · TM02
2022-04-14
accounts-with-accounts-type-micro-entity
accounts · AA
2021-12-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-04-22