ARDWELL BAY LIMITED
💤Zombieactive
SC484319 · ltd · incorporated 2014-08-13
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 Aug 2024
Net worth
£364.3k
book net assets
Opportunity
73/100
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 73/100 (strong), bankability 70/100. High owner-dependency — earn-out structure likely required for clean transition. 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).
🏦
Refinance opportunity
15 live charges · oldest 11.1y
45/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 11.1 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: high (80/100)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
15 charges (15/15 with lender, 15/15 with type)
90
Directors & officers
2 officers (1 active, 2 linked, 2 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
49 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation
Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.
Available from the Pro tier upwards.
See pricing →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.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £364,291
Net assets shrinking
Down £1,099 YoY
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
£364k
~ YoY
Current Assets
£503k
~ YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-08-31 | 2023-08-31 |
|---|---|---|
| Total assets | £366.2k | £369.9k |
| Current assets | £503.3k | £507.3k |
| Net assets | £364.3k | £365.4k |
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
0
filings
Counts from Companies House filing history.
Corporate timeline (44 events)Click to expand
- 2025-03-28📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-11-22➖FRASER, Stuart Douglas resigneddirector
- 2024-11-22📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-05-07📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-05-25📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-05-05📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-03-18📄mortgage-satisfy-charge-fullmortgage · MR04
- 2022-03-18🔓Charge satisfied #8
- 2022-01-19📄mortgage-satisfy-charge-fullmortgage · MR04
- 2022-01-19📄mortgage-satisfy-charge-fullmortgage · MR04
- 2022-01-19🔓Charge satisfied #15
- 2022-01-19🔓Charge satisfied #11
- 2021-11-12📄mortgage-satisfy-charge-fullmortgage · MR04
- 2021-11-12🔓Charge satisfied #5
- 2021-11-03📄gazette-filings-brought-up-to-dategazette · DISS40
- 2021-11-02📄gazette-notice-compulsorygazette · GAZ1
- 2021-10-15📄mortgage-satisfy-charge-fullmortgage · MR04
- 2021-10-15🔓Charge satisfied #10
- 2021-05-25📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-05-22📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-01-30📄mortgage-satisfy-charge-fullmortgage · MR04
- 2020-01-30🔓Charge satisfied #2
- 2019-10-30📄gazette-filings-brought-up-to-dategazette · DISS40
- 2019-10-29📄gazette-notice-compulsorygazette · GAZ1
- 2019-05-27📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2016-06-03🔓Charge satisfied #13
- 2016-05-26🔒Charge registered #15Lender: Bank of Scotland PLC
- 2015-11-16🔒Charge registered #14Lender: Bank of Scotland PLC
- 2015-11-04🔒Charge registered #11Lender: Bank of Scotland PLC
- 2015-11-04🔒Charge registered #10Lender: Bank of Scotland PLC
- 2015-11-04🔒Charge registered #9Lender: Bank of Scotland PLC
- 2015-11-04🔒Charge registered #8Lender: Bank of Scotland PLC
- 2015-11-04🔒Charge registered #7Lender: Bank of Scotland PLC
- 2015-11-02🔒Charge registered #13Lender: Bank of Scotland PLC
- 2015-11-02🔒Charge registered #12Lender: Bank of Scotland PLC
- 2015-04-21🔒Charge registered #6Lender: Bank of Scotland PLC
- 2015-04-21🔒Charge registered #5Lender: Bank of Scotland PLC
- 2015-04-21🔒Charge registered #4Lender: Bank of Scotland PLC
- 2015-04-17🔒Charge registered #3Lender: Bank of Scotland PLC
- 2015-04-17🔒Charge registered #2Lender: Bank of Scotland PLC
- 2015-03-26🔒Charge registered #1Lender: Bank of Scotland PLC
- 2014-08-13🏢Company incorporatedAs ARDWELL BAY LIMITED
- 2014-08-13➕FRASER, Andrew Simon appointeddirector
- 2014-08-13➕FRASER, Stuart Douglas appointeddirector
Owner dependency
83/100
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.
- +Senior director age: Director aged approximately 61 — approaching natural succession window.
Succession & seller-readiness
60/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- secondaryFounder aged 58+: Senior director is approximately 61. Early succession window.
- 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
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
1 active beneficial owner| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Stuart Douglas Fraser Individual · British · DOB 04/1967 · age 59 | 25–50% | — | 25-50% shares | 23/04/2016 |
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 · Property · G postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| BCT ALLIANCE LTD→ SC745057 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| BEACON LETS LIMITED→ SC624622 · est 2019 · no financials extracted | — | — | — | — | 7y | — | — |
| BEAT HOLLOW LIMITED→ SC727276 · est 2022 · no financials extracted | — | — | — | — | 4y | — | — |
| BEATTIE ASSETS LTD→ SC764469 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| BEAUTIFUL ROCK LIMITED→ SC651654 · est 2020 · no financials extracted | — | — | — | — | 6y | — | — |
| BELGATE (DUNFERMLINE) LIMITED→ SC835085 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| BELL DEVELOPMENTS (SCOTLAND) LIMITED→ SC113130 · est 1988 · no financials extracted | — | — | — | — | 37y | — | — |
| BELLAME SM LIMITED→ SC740404 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| BELLCOVE LIMITED→ SC504444 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
| BELLE BEAUTY GLASGOW LTD→ SC732427 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| BELTRACE (ANTONINE) LIMITED→ SC742725 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| BEN BLACK LIMITED→ SC256282 · est 2003 · no financials extracted | — | — | — | — | 22y | — | — |
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
Incorporated2014-08-13
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate
Registered office
Pit Road
Kirkintilloch
Glasgow
G66 3ND
Filing status
Accounts
Next due: 2026-05-31
Last made up to: 2024-08-31
Confirmation statement
Next due: 2026-08-20
Last: 2025-08-06
Officers (1 active · 1 resigned)
FRASER, Andrew Simon→
Activedirector · ~61y · appointed 2014-08-13
View their other companies + combined net worth →
FRASER, Stuart Douglas→
Resigneddirector · ~59y · appointed 2014-08-13 · resigned 2024-11-22
Click a director name to see their full track record across all companies.
Mortgages & charges
15
Total charges
8
Outstanding
1
Active lenders
Status:Lender:15 of 15 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 26/05/2016 | 19/01/2022 | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 16/11/2015 | — | |
| satisfied | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 04/11/2015 | 19/01/2022 | |
| satisfied | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 04/11/2015 | 15/10/2021 | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 04/11/2015 | — | |
| satisfied | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 04/11/2015 | 18/03/2022 | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 04/11/2015 | — | |
| satisfied | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 02/11/2015 | 03/06/2016 | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 02/11/2015 | — | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 21/04/2015 | — | |
| satisfied | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 21/04/2015 | 12/11/2021 | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 21/04/2015 | — | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 17/04/2015 | — | |
| satisfied | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 17/04/2015 | 30/01/2020 | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC | A registered charge | — | 26/03/2015 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (49 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-08-26
accounts-with-accounts-type-micro-entity
accounts · AA
2025-03-28
termination-director-company-with-name-termination-date
officers · TM01
2024-11-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-06
accounts-with-accounts-type-micro-entity
accounts · AA
2024-05-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-06
accounts-with-accounts-type-micro-entity
accounts · AA
2023-05-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-10-21
accounts-with-accounts-type-micro-entity
accounts · AA
2022-05-05
mortgage-satisfy-charge-full
mortgage · MR04
2022-03-18
mortgage-satisfy-charge-full
mortgage · MR04
2022-01-19
mortgage-satisfy-charge-full
mortgage · MR04
2022-01-19
mortgage-satisfy-charge-full
mortgage · MR04
2021-11-12
gazette-filings-brought-up-to-date
gazette · DISS40
2021-11-03
gazette-notice-compulsory
gazette · GAZ1
2021-11-02