BAY TRAVEL COACHES LIMITED

🌳Matureactive
SC492190 · ltd · incorporated 2014-11-27
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 Nov 2024
Net worth
£1.04M
book net assets
Opportunity
80/100
Exceptional
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What this business does
Primary activity: SIC 49390
Sector: Transportation & storage
Investor take
Pursue
Active trading company. Family succession underway — not a classic acquisition target.

Opportunity 80/100 (exceptional), bankability 80/100. Same-surname younger director in place — likely family handover, not open to sale. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -48% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

1 live charge · oldest 10.0y

45/100
under pressure

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

  • · Oldest live charge is 10.0 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Cashflow trend is negative — lender view likely cautious.

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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
3 officers (2 active, 3 linked, 3 with DOB)
90
Ownership & PSC
2 active PSC(s) of 3 total, 3 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
53 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
80/100Exceptional
PassWatchWorth a lookStrongExceptional 

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £1,041,569
Net assets shrinking
Down £315,455 YoY
Cash draining
Cash down 48% YoY
Cash YoY
-48%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£426k
↓ 48% YoY
Net Worth
£1.0m
↓ 23% YoY
Current Assets
£914k
↓ 37% YoY
Current Liabilities
—
£0£291k£581k£872k£1.2m£1.5mNov 2023Nov 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-11-302023-11-30
Total assets£4.13M£4.19M
Current assets£914.3k£1.45M
Cash£426.0k£817.5k
Debtors£437.7k£575.6k
Net assets£1.04M£1.36M

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 (27 events)Click to expand
  1. 2025-10-06
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  2. 2025-08-01
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2025-01-22
    📄
    second-filing-of-confirmation-statement-with-made-up-date
    confirmation-statement · RP04CS01
  4. 2024-12-20
    📄
    capital-name-of-class-of-shares
    capital · SH08
  5. 2024-12-16
    📄
    resolution
    resolution · RESOLUTIONS
  6. 2024-10-22
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  7. 2024-06-13
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  8. 2024-05-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2024-04-12
    📄
    resolution
    resolution · RESOLUTIONS
  10. 2024-03-15
    📄
    capital-variation-of-rights-attached-to-shares
    capital · SH10
  11. 2024-03-15
    📄
    capital-name-of-class-of-shares
    capital · SH08
  12. 2024-03-15
    📄
    memorandum-articles
    incorporation · MA
  13. 2024-03-15
    📄
    resolution
    resolution · RESOLUTIONS
  14. 2024-02-26
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  15. 2024-02-20
    📄
    resolution
    resolution · RESOLUTIONS
  16. 2024-02-20
    📄
    capital-cancellation-shares
    capital · SH06
  17. 2024-02-20
    📄
    capital-cancellation-shares
    capital · SH06
  18. 2024-02-20
    📄
    capital-return-purchase-own-shares
    capital · SH03
  19. 2024-02-20
    📄
    capital-return-purchase-own-shares
    capital · SH03
  20. 2024-02-15
    ➖
    DERIGHETTI, Vincent resigned
    director
  21. 2023-06-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  22. 2022-08-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  23. 2022-02-04
    ➕
    ROBERTSON, Gary appointed
    director
  24. 2016-04-19
    🔒
    Charge registered #1
    Lender: Bank of Scotland PLC
  25. 2014-11-27
    🏢
    Company incorporated
    As BAY TRAVEL COACHES LIMITED
  26. 2014-11-27
    ➕
    ROBERTSON, Iain Scott appointed
    director
  27. 2014-11-27
    ➕
    DERIGHETTI, Vincent appointed
    director

Owner dependency

74/100
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.
  • +Senior director age: Director aged approximately 64 — approaching natural succession window.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

21/100
No succession signal

No meaningful acquirability indicators from public data.

SIGNALS
  • primaryFamily succession underway: Not a takeover target — ROBERTSON, Gary (same surname) appointed 2022-02-04. Pattern consistent with intra-family handover.
  • primaryFounder aged 63+: Senior director is approximately 64. Approaching typical UK retirement age — succession thinking likely.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Iain Scott Robertson
Individual · British · DOB 01/1962 · age 64
50–75%
50–75%50-75% shares · 50-75% voting06/04/2016
Mrs Mary Robertson
Individual · British · DOB 07/1956 · age 70
25–50%
25–50%25-50% shares · 25-50% voting27/08/2024
1 historic (ceased) PSC
  • Mr Vincent Derighetticeased 29/01/2024· 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 →

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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.

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Company details

Statusactive
Typeltd
Incorporated2014-11-27
Jurisdictionscotland
Primary SIC49390 — SIC 49390

Registered office

Thistle House
Cartmore Industrial Estate
Lochgelly
Fife
KY5 8LL
Scotland

Filing status

Accounts
Next due: 2026-08-31
Last made up to: 2024-11-30
Confirmation statement
Next due: 2026-09-11
Last: 2025-08-28

Officers (2 active · 1 resigned)

ROBERTSON, Gary→
director · ~39y · appointed 2022-02-04
View their other companies + combined net worth →
Active
ROBERTSON, Iain Scott→
director · ~64y · appointed 2014-11-27
View their other companies + combined net worth →
Active
DERIGHETTI, Vincent→
director · ~69y · appointed 2014-11-27 · resigned 2024-02-15
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
Lloyds Banking Group
Bank of Scotland PLC
A registered charge—19/04/2016—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (53 total)

change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-10-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-08-01
second-filing-of-confirmation-statement-with-made-up-date
confirmation-statement · RP04CS01
2025-01-22
capital-name-of-class-of-shares
capital · SH08
2024-12-20
resolution
resolution · RESOLUTIONS
2024-12-16
confirmation-statement
confirmation-statement · CS01
2024-10-22
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-10-22
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-06-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-05-28
resolution
resolution · RESOLUTIONS
2024-04-12
capital-variation-of-rights-attached-to-shares
capital · SH10
2024-03-15
capital-name-of-class-of-shares
capital · SH08
2024-03-15
memorandum-articles
incorporation · MA
2024-03-15
resolution
resolution · RESOLUTIONS
2024-03-15