BLUE MAX INVESTMENTS LTD.
💤Zombieactive
SC458655 · ltd · incorporated 2013-09-09
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 Sept 2024
Net worth
—
book net assets
Opportunity
70/100
Strong
What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
PursueStrong opportunity: property-backed borrower with strong profile and acceptable with review structure.
Opportunity 70/100 (strong), bankability 57/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (58/100).
🏦
Refinance opportunity
6 live charges · 3 lenders · oldest 10.6y
15/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 10.6 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Distress signals active — lender appetite narrows.
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
75
Lenders & charges
6 charges (6/6 with lender, 6/6 with type)
90
Directors & officers
1 officers (1 active, 1 linked, 1 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
34 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
70/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
60
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
82
Few red flags.
Signal strength
100
Good data coverage for analysis.
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-09-30 | 2023-09-30 |
|---|---|---|
| Total assets | — | £236.6k |
| Current assets | — | £29.7k |
| Net assets | — | £3.4k |
| Average employees | -100 | — |
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 (25 events)Click to expand
- 2025-07-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-06-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-12-21📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-12-21🔓Charge satisfied #2
- 2023-12-15📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2023-08-22📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-08-22📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-08-21🔒Charge registered #6Lender: Together Commercial Finance Limited
- 2023-08-21🔒Charge registered #5Lender: Together Commercial Finance Limited
- 2023-08-20📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-08-14🔒Charge registered #4Lender: Together Commercial Finance Limited
- 2023-06-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-09-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-09-30📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-09-29📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2022-09-16🔒Charge registered #3Lender: Charter Court Financial Services Limited T/a Precise Mortgages
- 2021-06-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-09-14📄capital-allotment-sharescapital · SH01
- 2020-06-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-06-24📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-06-26📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2015-10-07🔒Charge registered #2Lender: Lancashire Mortgage Corporation Limited
- 2015-09-24🔒Charge registered #1Lender: Lancashire Mortgage Corporation Limited
- 2013-09-09🏢Company incorporatedAs BLUE MAX INVESTMENTS LTD.
- 2013-09-09➕CLELLAND, Iain Colquhoun appointeddirector
Owner dependency
80/100
Critical — business is the founderThe 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.
- +No director turnover: Company is 13 years old with no director changes — suggests a very tight-knit founder team never broadened.
Succession & seller-readiness
58/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- 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 low5 live charges
lowHeavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Iain Colquhoun Clelland Individual · British · DOB 03/1973 · age 53 | 75–100% | — | 75-100% shares | 01/07/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Similar companies
Active · Property · ML postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| CHAP PROPERTIES LTD→ SC666252 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| CHEPSTOW (HOLDINGS) LIMITED→ SC386345 · est 2010 · no financials extracted | — | — | — | — | 15y | — | — |
| CLARAWARA INVESTMENTS LIMITED→ SC333658 · est 2007 · no financials extracted | — | — | — | — | 18y | — | — |
| COATBANK BUSINESS CENTRE LIMITED→ SC414227 · est 2012 · no financials extracted | — | — | — | — | 14y | — | — |
| COMFORT SPACES LTD→ SC825235 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| CONDIEFIELD LIMITED→ SC811371 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| CORBIN HOMES LTD→ SC776614 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| COSMOS PROPERTIES LIMITED→ SC309746 · est 2006 · no financials extracted | — | — | — | — | 19y | — | — |
| COWLEY PROPERTY LTD→ SC806576 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| CRAMARAND PROPERTY LIMITED→ SC666360 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| CREATIVE HEADSPACE LTD→ SC596797 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| CS2 PROPERTY LTD→ SC670675 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
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
Incorporated2013-09-09
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate
Registered office
C/O Wynne Wynne Solutions Ltd
5 Church Street
Hamilton
ML3 6BA
Scotland
Filing status
Accounts
Next due: 2026-06-30
Last made up to: 2024-09-30
Confirmation statement
Next due: 2026-09-23
Last: 2025-09-09
Officers (1 active · 0 resigned)
CLELLAND, Iain Colquhoun→
Activedirector · ~53y · appointed 2013-09-09
View their other companies + combined net worth →
Click a director name to see their full track record across all companies.
Mortgages & charges
6
Total charges
5
Outstanding
3
Active lenders
Status:Lender:6 of 6 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Together Money Together Commercial Finance Limited | A registered charge | 1 property | 21/08/2023 | — | |
| outstanding | Together Money Together Commercial Finance Limited | A registered charge | 1 property | 21/08/2023 | — | |
| outstanding | Together Money Together Commercial Finance Limited | A registered charge | — | 14/08/2023 | — | |
| outstanding | Precise Mortgages Charter Court Financial Services Limited T/a Precise Mortgages | A registered charge | 1 property | 16/09/2022 | — | |
| satisfied | Lancashire Mortgage Corporation Lancashire Mortgage Corporation Limited | A registered charge | 1 property | 07/10/2015 | 21/12/2023 | |
| outstanding | Lancashire Mortgage Corporation Lancashire Mortgage Corporation Limited | A registered charge | — | 24/09/2015 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (34 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-11
accounts-with-accounts-type-micro-entity
accounts · AA
2025-07-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-29
accounts-with-accounts-type-micro-entity
accounts · AA
2024-06-30
mortgage-satisfy-charge-full
mortgage · MR04
2023-12-21
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-12-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-09-11
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-08-22
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-08-22
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-08-20
accounts-with-accounts-type-micro-entity
accounts · AA
2023-06-30
accounts-with-accounts-type-micro-entity
accounts · AA
2022-09-30
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-09-30
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-09-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-09-15