BUSY FISH LTD.

🌳Matureactive
SC378777 · ltd · incorporated 2010-05-19
Investment thesis
Property vehicle with leveraged stack — refinance / partial-release angle.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Multiple lenders to manage; inter-creditor friction and partial-release cost possible.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 11.2y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to May 2025
Net worth
£213.2k
book net assets
Opportunity
75/100
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
Pursue
Strong opportunity: property-backed borrower with strong profile and bankable structure.

Opportunity 75/100 (strong), bankability 80/100. Strong seller-intent signal (68/100, director aged 54). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

6 live charges · oldest 11.2y

85/100
ready

Refinance conversation should be productive — structure clean and timing right.

  • · Oldest live charge is 11.2 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 15/100 — clean.

Data confidence

Overall: high (80/100)

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
75
Lenders & charges
6 charges (6/6 with lender, 6/6 with type)
90
Directors & officers
4 officers (2 active, 4 linked, 3 with DOB)
85
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
53 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation

Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.

Available from the Pro tier upwards.

See pricing →
Opportunity Score
75/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
65
Some acquirability indicators.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £213,235
Cash YoY
+62%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£54k
↑ 62% YoY
Net Worth
£213k
↑ 2.4% YoY
Current Assets
£56k
↑ 55% YoY
Current Liabilities
—
£0£43k£85k£128k£171k£213kMay 2024May 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-05-312024-05-31
Total assets£569.4k£550.8k
Current assets£55.9k£36.0k
Cash£54.2k£33.4k
Debtors£1.7k£2.7k
Net assets£213.2k£208.2k

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
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (34 events)Click to expand
  1. 2026-01-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-05-30
    📄
    change-person-director-company-with-change-date
    officers · CH01
  3. 2025-01-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2024-01-09
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2023-02-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2022-05-16
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  7. 2022-05-16
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  8. 2022-02-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2021-05-18
    📄
    change-person-director-company-with-change-date
    officers · CH01
  10. 2021-05-18
    📄
    change-person-director-company-with-change-date
    officers · CH01
  11. 2021-05-04
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2020-01-21
    📄
    capital-allotment-shares
    capital · SH01
  13. 2020-01-07
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2019-01-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2018-01-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2016-12-29
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  17. 2016-12-01
    🔓
    Charge satisfied #1
  18. 2016-11-25
    🔓
    Charge satisfied #5
  19. 2016-11-25
    🔓
    Charge satisfied #4
  20. 2016-11-25
    🔓
    Charge satisfied #3
  21. 2016-11-25
    🔓
    Charge satisfied #2
  22. 2015-03-05
    🔒
    Charge registered #6
    Lender: Bank of Scotland PLC
  23. 2015-03-05
    🔒
    Charge registered #5
    Lender: Bank of Scotland PLC
  24. 2015-03-05
    🔒
    Charge registered #4
    Lender: Bank of Scotland PLC
  25. 2015-03-05
    🔒
    Charge registered #3
    Lender: Bank of Scotland PLC
  26. 2015-03-05
    🔒
    Charge registered #2
    Lender: Bank of Scotland PLC
  27. 2015-03-03
    🔒
    Charge registered #1
    Lender: Bank of Scotland PLC
  28. 2010-05-19
    🏢
    Company incorporated
    As BUSY FISH LTD.
  29. 2010-05-19
    ➕
    NEILSON, Allan Gibson Meikle appointed
    director
  30. 2010-05-19
    ➕
    NEILSON, Emma Ruth appointed
    director
  31. 2010-05-19
    ➕
    BRIAN REID LTD. appointed
    corporate-secretary
  32. 2010-05-19
    ➖
    BRIAN REID LTD. resigned
    corporate-secretary
  33. 2010-05-19
    ➕
    MABBOTT, Stephen George appointed
    director
  34. 2010-05-19
    ➖
    MABBOTT, Stephen George resigned
    director

Owner dependency

76/100
High — earn-out structure required

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

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Long-tenure founder: Senior director has been in place 16 years — deep operational knowledge concentrated in one person.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

59/100
Strong succession signal

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

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondary12+ year tenure: Director in role 16 years.
  • secondaryStable-but-static management: Company is 16 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 med ·
Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mrs Emma Ruth Neilson
Individual · British · DOB 06/1974 · age 52
25–50%
25–50%sig. influence25-50% shares · 25-50% voting · significant influence · firm interest06/04/2016
Mr Allan Gibson Meikle Neilson
Individual · British · DOB 11/1972 · age 54
25–50%
25–50%sig. influence25-50% shares · 25-50% voting · significant influence · firm interest06/04/2016

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 →

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

6 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
Incorporated2010-05-19
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

89 Seaward Street
Glasgow
G41 1HJ

Filing status

Accounts
Next due: 2027-02-28
Last made up to: 2025-05-31
Confirmation statement
Next due: 2026-06-01
Last: 2025-05-18

Officers (2 active · 2 resigned)

NEILSON, Allan Gibson Meikle→
director · ~54y · appointed 2010-05-19
View their other companies + combined net worth →
Active
NEILSON, Emma Ruth→
director · ~52y · appointed 2010-05-19
View their other companies + combined net worth →
Active
BRIAN REID LTD.→
corporate-secretary · appointed 2010-05-19 · resigned 2010-05-19
Resigned
MABBOTT, Stephen George→
director · ~76y · appointed 2010-05-19 · resigned 2010-05-19
Resigned

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

Mortgages & charges

6
Total charges
1
Outstanding
1
Active lenders
Status:Lender:6 of 6 shown
TypeProperties
outstanding
Lloyds Banking Group
Bank of Scotland PLC
A registered charge1 property05/03/2015—
satisfied
Lloyds Banking Group
Bank of Scotland PLC
A registered charge1 property05/03/201525/11/2016
satisfied
Lloyds Banking Group
Bank of Scotland PLC
A registered charge1 property05/03/201525/11/2016
satisfied
Lloyds Banking Group
Bank of Scotland PLC
A registered charge1 property05/03/201525/11/2016
satisfied
Lloyds Banking Group
Bank of Scotland PLC
A registered charge1 property05/03/201525/11/2016
satisfied
Lloyds Banking Group
Bank of Scotland PLC
A registered charge—03/03/201501/12/2016
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (53 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-01-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-30
change-person-director-company-with-change-date
officers · CH01
2025-05-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-01-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-01-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-02-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-05-26
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-05-16
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-05-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-02-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-05-18
change-person-director-company-with-change-date
officers · CH01
2021-05-18
change-person-director-company-with-change-date
officers · CH01
2021-05-18