BLUE TRAIN PROPERTIES LIMITED

💤Zombieactive

SC381868 · ltd · incorporated 2010-07-13

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 Dec 2024

Net worth

—

book net assets

Opportunity

80/100

Exceptional

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What this business does

Primary activity: Other business support service activities n.e.c.

Sector: Administrative & support services

Investor take

Pursue

Active trading company with a 69-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (83/100, director aged 69). 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 (78/100)

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

1 connected companies via shared directors

Filing history

40 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.

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

—

Current Assets

—

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102

Metric	2024-12-31	2023-12-31
Average employees	0	0

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 (23 events)Click to expand

2025-09-30
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2024-09-30
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2023-09-29
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2022-10-13
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2021-09-13
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2020-09-14
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2019-09-30
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2018-08-31
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2017-09-04
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2016-07-11
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2016-06-23
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2015-07-13
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2015-07-06
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2014-08-05
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2014-07-07
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2013-08-06
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2010-07-13
🏢
Company incorporated
As BLUE TRAIN PROPERTIES LIMITED
2010-07-13
➕
BURNESS PAULL LLP appointed
corporate-secretary
2010-07-13
➕
TUDHOPE, Ian Barclay appointed
director
2010-07-13
➕
GRAY, Gary George appointed
director
2010-07-13
➖
GRAY, Gary George resigned
director
2010-07-13
➕
BURNESS (DIRECTORS) LIMITED appointed
corporate-director
2010-07-13
➖
BURNESS (DIRECTORS) LIMITED resigned
corporate-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 16 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 69 — succession pressure is live.

Succession & seller-readiness

88/100

Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS

primaryFounder aged 63+: Senior director is approximately 69. Approaching typical UK retirement age — succession thinking likely.
primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
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

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
Mr Ian Barclay Tudhope Individual · British · DOB 01/1957 · age 69	75–100%	75–100%	board control75-100% shares · 75-100% voting · board control	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 · Trade services · EH postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
BLUETHISTLE COMMERCIAL CLEANING SERVICES LTD→ SC858339 · est 2025 · no financials extracted	—	—	—	—	—	—	—
BONA HAIR LTD→ SC722713 · est 2022 · no financials extracted	—	—	—	—	4y	—	—
BONESS FADE LIMITED→ SC852785 · est 2025 · no financials extracted	—	—	—	—	—	—	—
BONNIE BROOMS LTD→ SC780111 · est 2023 · no financials extracted	—	—	—	—	2y	—	—
BONNYRIGG BUSINESS PARK LTD→ SC713548 · est 2021 · no financials extracted	—	—	—	—	4y	—	—
BOOK-KEEPING SERVICES (SCOTLAND) LTD.→ SC224997 · est 2001 · no financials extracted	—	—	—	—	24y	—	—
BOOSH LTD→ SC248992 · est 2003 · no financials extracted	—	—	—	—	22y	—	—
BORDER BAGUETTES LIMITED→ SC255225 · est 2003 · no financials extracted	—	—	—	—	22y	—	—
BORDER COURIERS SCOTLAND LIMITED→ SC465330 · est 2013 · no financials extracted	—	—	—	—	12y	—	—
BORDERS MUCKY PAWS DOG WALKING LTD→ SC819365 · est 2024 · no financials extracted	—	—	—	—	1y	—	—
BOREAL INDUSTRIAL OPCO GENERAL PARTNER LIMITED→ SC723236 · est 2022 · no financials extracted	—	—	—	—	4y	—	—
BOROUGH TRUSTEE NO3 LIMITED→ SC487841 · est 2014 · no financials extracted	—	—	—	—	11y	—	—

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

Incorporated2010-07-13

Jurisdictionscotland

Primary SIC82990 — Other business support service activities n.e.c.

Registered office

21 Midmar Gardens

Edinburgh

EH10 6DY

Filing status

Accounts

Next due: 2026-09-30

Last made up to: 2024-12-31

Confirmation statement

Next due: 2026-07-03

Last: 2025-06-19

Officers (2 active · 2 resigned)

BURNESS PAULL LLP→

corporate-secretary · appointed 2010-07-13

View their other companies + combined net worth →

Active

TUDHOPE, Ian Barclay→

director · ~69y · appointed 2010-07-13

View their other companies + combined net worth →

Active

GRAY, Gary George→

director · ~56y · appointed 2010-07-13 · resigned 2010-07-13

Resigned

BURNESS (DIRECTORS) LIMITED→

corporate-director · appointed 2010-07-13 · resigned 2010-07-13

Resigned

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