BOATWYND LIMITED

💤Zombieactive
SC420432 · ltd · incorporated 2012-03-27
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 2024
Net worth
book net assets
Opportunity
69/100
Strong
🔔
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What this business does
Primary activity: Buying and selling of own real estate
Sector: Real estate
Investor take
Pass (distressed without resilience)
Distressed property-backed borrower — structural issues outweigh the discount.

Opportunity 69/100 (strong), bankability 60/100. Strong seller-intent signal (63/100, director aged 76). Share purchase looks the cleaner deal structure. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: share sale to pe / searcher (53/100).

🏦

Refinance opportunity

1 live charge · oldest 14.0y

45/100
under pressure

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

  • · Oldest live charge is 14.0 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: high (81/100)

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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
3 officers (2 active, 3 linked, 1 with DOB)
77
Ownership & PSC
2 active PSC(s) of 5 total, 5 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
51 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
69/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
55
Adequate — check latest filings for context.
Acquirability
70
Strong succession / seller-readiness signals.
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 2023Mar 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-03-312023-03-31
Average employees1100

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

🔒Filing-note intelligence

3 signals 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
1
filing
  • 1 confirmation-statement
Last 90 days
1
filing
  • 1 confirmation-statement
Last 180 days
1
filing
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (26 events)Click to expand
  1. 2025-08-27
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  2. 2025-08-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2025-07-15
    📄
    dissolved-compulsory-strike-off-suspended
    dissolution · DISS16(SOAS)
  4. 2025-05-27
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  5. 2024-07-02
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2024-04-25
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  7. 2024-04-24
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  8. 2024-04-24
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  9. 2024-04-06
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  10. 2024-03-05
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  11. 2023-12-05
    📄
    capital-allotment-shares
    capital · SH01
  12. 2023-11-29
    📄
    memorandum-articles
    incorporation · MA
  13. 2023-11-29
    📄
    resolution
    resolution · RESOLUTIONS
  14. 2023-08-22
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  15. 2023-08-21
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  16. 2023-08-21
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  17. 2023-08-21
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  18. 2023-08-21
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  19. 2023-08-21
    📄
    capital-allotment-shares
    capital · SH01
  20. 2023-08-21
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  21. 2013-03-26
    BURNESS PAULL LLP appointed
    corporate-secretary
  22. 2013-03-26
    PAULL & WILLIAMSONS LLP resigned
    corporate-secretary
  23. 2012-04-24
    🔒
    Charge registered #1
    Lender: Stewart Milne Group Limited
  24. 2012-03-27
    🏢
    Company incorporated
    As BOATWYND LIMITED
  25. 2012-03-27
    MILNE, Stewart appointed
    director
  26. 2012-03-27
    PAULL & WILLIAMSONS LLP appointed
    corporate-secretary

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 76 — succession pressure is live.

Succession & seller-readiness

83/100
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 76 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 14 years.

Red flags

1 high ·
Accounts overdue
high

Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.

Evidence: Next due: 2026-03-31

Group structure

Bespoke Corporate Trustees Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Bespoke Corporate Trustees Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
BOATWYND LIMITED
This company · SC420432

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

2 active beneficial owners · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Bespoke Corporate Trustees Limited
Corporate entity
75100%
75–100%board control75-100% shares · 75-100% voting · board control · trust interest28/02/2024
Mr Stewart Milne
Individual · British · DOB 07/1950 · age 76
75100%
75–100%board control75-100% shares · 75-100% voting · board control · trust interest27/05/2022
3 historic (ceased) PSCs
  • Mr Leslie Scott Dalgarnoceased 28/02/2024· 75-100% shares · 75-100% voting · board control · trust interest
  • Mr Edward Cyril Kingsleyceased 28/02/2024· 75-100% shares · 75-100% voting · board control · trust interest
  • Mr Stewart Milneceased 27/05/2022· 75-100% shares · 75-100% voting · board control

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

10 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
Incorporated2012-03-27
Jurisdictionscotland
Primary SIC68100 — Buying and selling of own real estate

Registered office

2 Marischal Square
Broad Street
Aberdeen
AB10 1DQ
Scotland

Filing status

Accounts
Next due: 2026-03-31OVERDUE
Last made up to: 2024-03-31
Confirmation statement
Next due: 2027-04-30
Last: 2026-04-16

Officers (2 active · 1 resigned)

BURNESS PAULL LLP
corporate-secretary · appointed 2013-03-26
View their other companies + combined net worth →
Active
MILNE, Stewart
director · ~76y · appointed 2012-03-27
View their other companies + combined net worth →
Active
PAULL & WILLIAMSONS LLP
corporate-secretary · appointed 2012-03-27 · resigned 2013-03-26
Resigned

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
Stewart Milne Group
Stewart Milne Group Limited
Standard security1 property24/04/2012
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (51 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-04-16
gazette-filings-brought-up-to-date
gazette · DISS40
2025-08-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-08-26
dissolved-compulsory-strike-off-suspended
dissolution · DISS16(SOAS)
2025-07-15
gazette-notice-compulsory
gazette · GAZ1
2025-05-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-31
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-07-02
confirmation-statement-with-updates
confirmation-statement · CS01
2024-04-25
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2024-04-25
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-04-24
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-04-24
gazette-filings-brought-up-to-date
gazette · DISS40
2024-04-06
gazette-notice-compulsory
gazette · GAZ1
2024-03-05
capital-allotment-shares
capital · SH01
2023-12-05
memorandum-articles
incorporation · MA
2023-11-29