DL BAY INVESTMENTS

🌳Matureactive
SC450999 · private-unlimited · incorporated 2013-05-28
Investment thesis
Well-run mature business — low negotiation leverage; premium likely.
Why interesting: Textbook target; clean filings, stable trading.
Why risky: No pressure on seller; any deal likely at full price.
Opportunity decay
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
  • · Thesis: well-run, low negotiation leverage
🔒Estimated value
Upgrade to see
Turnover
year to May 2024
Net worth
book net assets
Opportunity
71/100
Strong
🔔
Follow this company (free)
Email alerts on filings, charges, director changes, gazette notices. No account needed.

Unsubscribe any time from any email. GDPR-respectful.

What this business does
Primary activity: Fund management activities
Sector: Financial & insurance
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 71/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: strategic trade sale (65/100).

Data confidence

Overall: medium (79/100)

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
2 officers (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
31 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
71/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
55
Some acquirability indicators.
Risk profile
77
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£0May 2023May 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-05-312023-05-31
Average employees00

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 (19 events)Click to expand
  1. 2025-06-05
    📄
    change-person-director-company-with-change-date
    officers · CH01
  2. 2025-05-30
    ✏️
    reregistration-assent
    change-of-name · FOA-RR
  3. 2025-05-30
    ✏️
    certificate-re-registration-limited-to-unlimited
    change-of-name · CERT3
  4. 2025-05-30
    ✏️
    reregistration-private-limited-to-private-unlimited-company
    change-of-name · RR05
  5. 2025-05-30
    📄
    re-registration-memorandum-articles
    incorporation · MAR
  6. 2024-06-26
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2024-01-19
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2022-11-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2021-08-03
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2021-02-24
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2019-09-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2018-10-01
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2018-09-10
    MACLEOD, Fiona Mary appointed
    director
  14. 2018-09-10
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  15. 2017-08-01
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  16. 2016-07-26
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  17. 2016-06-01
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  18. 2013-05-28
    🏢
    Company incorporated
    As DL BAY INVESTMENTS
  19. 2013-05-28
    MCCOMBIE, Iain appointed
    director

Owner dependency

63/100
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.
  • +No director turnover: Company is 13 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

49/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondary12+ year tenure: Director in role 13 years.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

1 med ·
Name changed 3 times
medium

Name changes can be benign (rebrand) but can also precede distress, phoenix activity, or buyer concealment.

Evidence: 2025-05-30: reregistration-assent; 2025-05-30: certificate-re-registration-limited-to-unlimited

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Iain Mccombie
Individual · British · DOB 05/1969 · age 57
2550%
25-50% shares06/04/2016
Ms Fiona Mary Macleod
Individual · British · DOB 08/1978 · age 48
2550%
25-50% shares06/04/2016

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 · Financial services · EH postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
EAL FINANCE LIMITED
SC659356 · est 2020 · no financials extracted
6y
ECI 10 FP LIMITED
SC474729 · est 2014 · no financials extracted
12y
ECI 10 GP LIMITED
SC474728 · est 2014 · no financials extracted
12y
ECI GP SCOTLAND LIMITED
SC163704 · est 1996 · no financials extracted
30y
EDINBURGH ALTERNATIVE FINANCE LIMITED
SC468392 · est 2014 · no financials extracted
12y
EDINBURGH CAPITAL MANAGEMENT LIMITED
SC286989 · est 2005 · no financials extracted
20y
EDINBURGH CITY LTD.
SC403324 · est 2011 · no financials extracted
14y
EDINBURGH MA LTD
SC710099 · est 2021 · no financials extracted
4y
EDINBURGH MC LTD
SC681437 · est 2020 · no financials extracted
5y
EDINBURGH MORTGAGE CORPORATION LIMITED
SC161991 · est 1995 · no financials extracted
30y
EDINBURGH RISK MANAGEMENT (GENERAL) LIMITED
SC222279 · est 2001 · no financials extracted
24y
EDINBURGH RISK MANAGEMENT LIMITED
SC456730 · est 2013 · no financials extracted
12y
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
Typeprivate-unlimited
Incorporated2013-05-28
Jurisdictionscotland
Primary SIC66300 — Fund management activities

Registered office

6 St. Colme Street
Edinburgh
EH3 6AD

Filing status

Accounts
Next due:
Last made up to: 2024-05-31
Confirmation statement
Next due: 2026-06-11
Last: 2025-05-28

Officers (2 active · 0 resigned)

MACLEOD, Fiona Mary
director · ~48y · appointed 2018-09-10
View their other companies + combined net worth →
Active
MCCOMBIE, Iain
director · ~57y · appointed 2013-05-28
View their other companies + combined net worth →
Active

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

Recent filings (31 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-03
change-person-director-company-with-change-date
officers · CH01
2025-06-05
reregistration-assent
change-of-name · FOA-RR
2025-05-30
certificate-re-registration-limited-to-unlimited
change-of-name · CERT3
2025-05-30
reregistration-private-limited-to-private-unlimited-company
change-of-name · RR05
2025-05-30
re-registration-memorandum-articles
incorporation · MAR
2025-05-30
accounts-with-accounts-type-micro-entity
accounts · AA
2024-06-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-28
accounts-with-accounts-type-micro-entity
accounts · AA
2024-01-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-30
accounts-with-accounts-type-micro-entity
accounts · AA
2022-11-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-05-30
accounts-with-accounts-type-micro-entity
accounts · AA
2021-08-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-05-28
accounts-with-accounts-type-micro-entity
accounts · AA
2021-02-24