BORDER UNION RAILWAY COMPANY LIMITED

💤Zombieactive
SC410382 · ltd · incorporated 2011-11-01
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.
Why now
Window steady · low confidence
Steady and stalled — no momentum either way. Needs an approach trigger.
What changed my view
Last 30 days

No material changes in the last 30 days.

Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
—
book net assets
Opportunity
78/100
Strong
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What this business does
Primary activity: SIC 49100
Sector: Transportation & storage
Investor take
Pursue
Active trading company with a 77-year-old founder — textbook succession opportunity.

Opportunity 78/100 (strong), bankability 75/100. Strong seller-intent signal (68/100, director aged 77). 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 (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
Confirmed no charges registered
85
Directors & officers
8 officers (2 active, 8 linked, 6 with DOB)
85
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
43 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
78/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
90
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

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
1
filing
  • • 1 address
Counts from Companies House filing history.
Corporate timeline (30 events)Click to expand
  1. 2026-02-09
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  2. 2025-12-22
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  3. 2025-12-18
    📄
    withdrawal-of-a-person-with-significant-control-statement
    persons-with-significant-control · PSC09
  4. 2025-12-17
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  5. 2024-12-05
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  6. 2023-07-24
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  7. 2022-05-05
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  8. 2021-05-03
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  9. 2020-08-09
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2019-05-14
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  11. 2018-10-01
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  12. 2017-05-17
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2016-09-29
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  14. 2016-05-05
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  15. 2016-05-03
    ➕
    RENWICK, William John Dalgleish appointed
    director
  16. 2015-11-09
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  17. 2015-08-05
    ➖
    MAULE, Alan Kenneth resigned
    director
  18. 2014-12-14
    ➕
    RENWICK, William John Dalgleish appointed
    secretary
  19. 2014-10-25
    ➖
    BRENNOCK, Paul resigned
    director
  20. 2014-08-13
    ➖
    PERKINS, Roy Martin Graham resigned
    director
  21. 2014-05-01
    ➕
    MAULE, Alan Kenneth appointed
    director
  22. 2013-11-02
    ➕
    BRENNOCK, Paul appointed
    director
  23. 2013-06-11
    ➖
    CONNELL, Alastair resigned
    secretary
  24. 2013-06-11
    ➖
    CONNELL, Alastair resigned
    director
  25. 2013-02-08
    ➖
    MACINTOSH, Ian resigned
    director
  26. 2011-11-01
    🏢
    Company incorporated
    As BORDER UNION RAILWAY COMPANY LIMITED
  27. 2011-11-01
    ➕
    CONNELL, Alastair appointed
    secretary
  28. 2011-11-01
    ➕
    CONNELL, Alastair appointed
    director
  29. 2011-11-01
    ➕
    MACINTOSH, Ian appointed
    director
  30. 2011-11-01
    ➕
    PERKINS, Roy Martin Graham appointed
    director

Owner dependency

90/100
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.
  • +Founder age: Director aged approximately 77 — succession pressure is live.

Succession & seller-readiness

80/100
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 77 years old. Natural succession window is now.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • 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
NameSharesVoting rightsNature of controlNotified
Mr William John Dalgleish Renwick
Individual · British · DOB 02/1949 · age 77
50–75%
50–75%50-75% shares · 50-75% voting18/12/2025

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

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OLIVERS TRANSPORT LIMITED→
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——440037y8285y
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———90019y8261y
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06439685 · est 2007
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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
Incorporated2011-11-01
Jurisdictionscotland
Primary SIC49100 — SIC 49100

Registered office

27 North Bridge Street
Hawick
Scottish Borders
TD9 9BD
United Kingdom

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-01-01
Last: 2025-12-18

Officers (2 active · 6 resigned)

RENWICK, William John Dalgleish→
secretary · appointed 2014-12-14
View their other companies + combined net worth →
Active
RENWICK, William John Dalgleish→
director · ~77y · appointed 2016-05-03
View their other companies + combined net worth →
Active
CONNELL, Alastair→
secretary · appointed 2011-11-01 · resigned 2013-06-11
Resigned
BRENNOCK, Paul→
director · ~67y · appointed 2013-11-02 · resigned 2014-10-25
Resigned
CONNELL, Alastair→
director · ~57y · appointed 2011-11-01 · resigned 2013-06-11
Resigned
MACINTOSH, Ian→
director · ~48y · appointed 2011-11-01 · resigned 2013-02-08
Resigned
MAULE, Alan Kenneth→
director · ~84y · appointed 2014-05-01 · resigned 2015-08-05
Resigned
PERKINS, Roy Martin Graham→
director · ~80y · appointed 2011-11-01 · resigned 2014-08-13
Resigned

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

Recent filings (43 total)

change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-02-09
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2025-12-22
confirmation-statement-with-updates
confirmation-statement · CS01
2025-12-18
withdrawal-of-a-person-with-significant-control-statement
persons-with-significant-control · PSC09
2025-12-18
accounts-with-accounts-type-dormant
accounts · AA
2025-12-17
accounts-with-accounts-type-dormant
accounts · AA
2024-12-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-30
accounts-with-accounts-type-dormant
accounts · AA
2023-07-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-10-02
accounts-with-accounts-type-dormant
accounts · AA
2022-05-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-10-07
accounts-with-accounts-type-dormant
accounts · AA
2021-05-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-10-04
accounts-with-accounts-type-micro-entity
accounts · AA
2020-08-09