BLUE SPARK DUNDEE LTD
💤Zombieactive
SC470061 · ltd · incorporated 2014-02-17
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 Feb 2025
Net worth
—
book net assets
Opportunity
73/100
Strong
What this business does
Primary activity: Buying and selling of own real estate
Sector: Real estate
ALSO REGISTERED FOR
- 68209Other letting and operating of own or leased real estate
Investor take
PursueProperty-backed borrower with a 67-year-old founder — textbook succession opportunity.
Opportunity 73/100 (strong), bankability 57/100. Strong seller-intent signal (68/100, director aged 67). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (73/100).
🏦
Refinance opportunity
11 live charges · 4 lenders · oldest 8.4y
15/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 8.4 years old — likely at or near maturity.
- · 4 lenders named — inter-creditor friction likely.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: high (82/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
Company profile
address, 2 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
11 charges (11/11 with lender, 11/11 with type)
90
Directors & officers
1 officers (1 active, 1 linked, 1 with DOB)
90
Ownership & PSC
2 active PSC(s) of 5 total, 5 with control declared
90
Director network
8 connected companies via shared directors
69
Filing history
59 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
73/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
60
Adequate — check latest filings for context.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
74
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 | 2025-02-28 | 2024-02-29 |
|---|---|---|
| Average employees | 100 | 100 |
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 accounts
Counts from Companies House filing history.
Corporate timeline (36 events)Click to expand
- 2025-11-29📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2025-09-15📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-09-11🔒Charge registered #11Lender: Shawbrook Bank Limited
- 2025-05-06📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-05-06📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-02-20📄accounts-amended-with-accounts-type-micro-entityaccounts · AAMD
- 2024-12-27📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2024-12-27📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2024-12-27📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-11-28📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-03-22📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2024-03-22📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2024-03-22📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-01-24📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-01-24📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-01-24📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-01-24📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-01-24📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-01-23🔒Charge registered #10Lender: Together Commercial Finance Limited
- 2024-01-23🔒Charge registered #9Lender: Together Commercial Finance Limited
- 2024-01-23🔒Charge registered #8Lender: Together Commercial Finance Limited
- 2024-01-23🔒Charge registered #7Lender: Together Commercial Finance Limited
- 2024-01-23🔒Charge registered #6Lender: Together Commercial Finance Limited
- 2024-01-22📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-01-11🔒Charge registered #5Lender: Together Commercial Finance Limited
- 2023-11-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-05-12📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2021-11-10🔒Charge registered #4Lender: P&G Investments Limited
- 2021-07-16🔓Charge satisfied #3
- 2021-01-19🔒Charge registered #3Lender: P&G Investments Limited
- 2021-01-11🔓Charge satisfied #2
- 2019-12-10🔒Charge registered #2Lender: P&G Investments Limited
- 2019-11-29🔓Charge satisfied #1
- 2017-12-28🔒Charge registered #1Lender: David Donald Corbett Morrison
- 2014-02-17🏢Company incorporatedAs BLUE SPARK DUNDEE LTD
- 2014-02-17➕CRUICKSHANK, Angus William appointeddirector
Owner dependency
95/100
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.
- +Founder age: Director aged approximately 67 — succession pressure is live.
- +No director turnover: Company is 12 years old with no director changes — suggests a very tight-knit founder team never broadened.
Succession & seller-readiness
78/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 63+: Senior director is approximately 67. 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 12 years.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
1 med · 1 lowCharge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
8 live charges
lowHeavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Angus William Cruickshank Individual · British · DOB 09/1959 · age 67 | 50–75% | — | 50-75% shares | 06/04/2016 |
Mr Christopher Kenneth Cruickshank Individual · British · DOB 08/1997 · age 29 | 25–50% | — | 25-50% shares | 27/12/2024 |
3 historic (ceased) PSCs
- Mr Max Cruickshankceased 06/05/2025· 25-50% shares
- Max Cruickshankceased 22/03/2024· 25-50% shares · 25-50% voting
- Mr Christopher Kenneth Cruickshankceased 22/03/2024· 25-50% shares · 25-50% voting
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 · Property · DD postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| J & E NOMINEES LIMITED→ SC237007 · est 2002 | £3.06M £2.60M–£3.52M | — | £3.06M | — | 23y | 83 | 66y |
| ABZCO LTD.→ SC223809 · est 2001 | £655.5k £557.2k–£753.9k | — | £655.5k | — | 24y | 82 | 77y |
| MNA (SCOTLAND) LIMITED→ SC283813 · est 2005 | £637.9k £542.2k–£733.6k | — | £637.9k | — | 21y | 83 | 60y |
| STATION WORKS PROPERTIES LTD.→ SC083127 · est 1983 | £39.9k £33.9k–£45.9k | — | £39.9k | — | 42y | 83 | 79y |
| THE OLD MILL COMPANY (DUNDEE) LIMITED→ SC250344 · est 2003 | £16.4k £13.9k–£18.9k | — | £16.4k | — | 22y | 83 | 62y |
| LOW HOLDINGS (SCOTLAND) LIMITED→ SC412906 · est 2011 | — | — | — | 400 | 14y | 84 | 74y |
| CKS PROPERTIES LIMITED→ SC295259 · est 2006 | — | — | — | 5 | 20y | 83 | 67y |
| EAST OF SCOTLAND COLOUR PRINT LIMITED→ SC343575 · est 2008 | — | — | — | 4 | 17y | 83 | 63y |
| H & H PROPERTIES (UK) LIMITED→ SC267997 · est 2004 | — | — | — | 2300 | 21y | 83 | 73y |
| PANMURE NEWS LIMITED→ SC336255 · est 2008 | — | — | — | 0 | 18y | 83 | 62y |
| RDA PROPERTIES LIMITED→ SC232593 · est 2002 | — | — | — | 0 | 23y | 83 | 85y |
| WESTWATER ESTATES LIMITED→ SC288351 · est 2005 | — | — | — | 300 | 20y | 83 | 60y |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
9 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
Incorporated2014-02-17
Jurisdictionscotland
Primary SIC68100 — Buying and selling of own real estate
Registered office
16 Gordon Square
Dundee
DD3 6BY
Scotland
Filing status
Accounts
Next due: 2026-11-30
Last made up to: 2025-02-28
Confirmation statement
Next due: 2026-05-20
Last: 2025-05-06
Officers (1 active · 0 resigned)
CRUICKSHANK, Angus William→
Activedirector · ~67y · appointed 2014-02-17
View their other companies + combined net worth →
Click a director name to see their full track record across all companies.
Mortgages & charges
11
Total charges
8
Outstanding
3
Active lenders
Status:Lender:11 of 11 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Shawbrook Shawbrook Bank Limited | A registered charge | 1 property | 11/09/2025 | — | |
| outstanding | Together Money Together Commercial Finance Limited | A registered charge | 1 property | 23/01/2024 | — | |
| outstanding | Together Money Together Commercial Finance Limited | A registered charge | 1 property | 23/01/2024 | — | |
| outstanding | Together Money Together Commercial Finance Limited | A registered charge | 1 property | 23/01/2024 | — | |
| outstanding | Together Money Together Commercial Finance Limited | A registered charge | 1 property | 23/01/2024 | — | |
| outstanding | Together Money Together Commercial Finance Limited | A registered charge | 1 property | 23/01/2024 | — | |
| outstanding | Together Money Together Commercial Finance Limited | A registered charge | — | 11/01/2024 | — | |
| outstanding | P&G Investments P&G Investments Limited | A registered charge | 2 properties | 10/11/2021 | — | |
| satisfied | P&G Investments P&G Investments Limited | A registered charge | 1 property | 19/01/2021 | 16/07/2021 | |
| satisfied | P&G Investments P&G Investments Limited | A registered charge | 1 property | 10/12/2019 | 11/01/2021 | |
| satisfied | David Donald Corbett Morrison | A registered charge | 1 property | 28/12/2017 | 29/11/2019 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (59 total)
accounts-with-accounts-type-micro-entity
accounts · AA
2025-11-29
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-09-15
confirmation-statement-with-updates
confirmation-statement · CS01
2025-05-06
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-05-06
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-05-06
accounts-amended-with-accounts-type-micro-entity
accounts · AAMD
2025-02-20
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-12-27
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-12-27
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-12-27
confirmation-statement-with-updates
confirmation-statement · CS01
2024-12-27
accounts-with-accounts-type-micro-entity
accounts · AA
2024-11-28
confirmation-statement-with-updates
confirmation-statement · CS01
2024-05-14
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-03-22
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-03-22
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-03-22