GBF04 LIMITED

💤Zombieactive

SC500072 · ltd · incorporated 2015-03-10

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 Oct 2024

Net worth

£93.2k

book net assets

Opportunity

79/100

Strong

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What this business does

Primary activity: Other business support service activities n.e.c.

Sector: Administrative & support services

Investor take

Pursue

Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 79/100 (strong), bankability 80/100. 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

1 live charge · oldest 6.1y

45/100

under pressure

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

· Oldest live charge is 6.1 years old — likely at or near maturity.
· Single lender — cleanest path to refinance.
· Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (77/100)

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

Lenders & charges

1 charges (1/1 with lender, 1/1 with type)

Directors & officers

2 officers (2 active, 2 linked, 1 with DOB)

Ownership & PSC

2 active PSC(s) of 2 total, 2 with control declared

Director network

Network not yet resolved

Filing history

28 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

79/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)

Positive net assets

Net assets £93,210

Net assets shrinking

Down £832 YoY

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

£93k

~ YoY

Current Assets

£162k

↑ 8.5% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)

Metric	2024-10-31	2023-10-31
Total assets	£93.2k	£94.0k
Current assets	£162.5k	£149.8k
Net assets	£93.2k	£94.0k

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

filing

• 1 confirmation-statement

Last 90 days

filing

• 1 confirmation-statement

Last 180 days

filing

• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (19 events)Click to expand

2025-07-29
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2024-07-30
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2023-03-17
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2022-05-12
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2021-07-13
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2021-03-29
📍
move-registers-to-registered-office-company-with-new-address
address · AD04
2021-03-23
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2020-08-06
📄
accounts-with-accounts-type-dormant
accounts · AA
2020-03-18
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2020-03-10
🔒
Charge registered #1
Lender: Blary Hill Energy Limited
2019-01-10
📄
accounts-with-accounts-type-dormant
accounts · AA
2018-05-17
📄
accounts-with-accounts-type-dormant
accounts · AA
2017-01-03
📄
accounts-with-accounts-type-dormant
accounts · AA
2016-03-17
📄
accounts-with-accounts-type-dormant
accounts · AA
2016-03-10
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2015-05-21
📍
move-registers-to-sail-company-with-new-address
address · AD03
2015-03-10
🏢
Company incorporated
As GBF04 LIMITED
2015-03-10
➕
MACALISTER, Fiona Alison appointed
secretary
2015-03-10
➕
MACALISTER, Duncan Joachim appointed
director

Owner dependency

88/100

Critical — business is the founder

The 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 62 — approaching natural succession window.
+No director turnover: Company is 11 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

60/100

Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS

secondaryFounder aged 58+: Senior director is approximately 62. 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

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

Name	Shares	Voting rights	Nature of control	Notified
Fiona Alison Macalister Individual · British · DOB 04/1970 · age 56	25–50%	—	25-50% shares	06/04/2016
Duncan Joachim Macalister Individual · British · DOB 01/1964 · age 62	25–50%	—	25-50% shares	06/04/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

Similar companies

Active · Trade services · PA postcode area

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IN-WORK ENTERPRISES LTD.→ SC495974 · est 2015 · no financials extracted	—	—	—	—	11y	—	—
INDEPENDENT FINANCIAL ADVICE CENTRE (GLASGOW) LIMITED→ SC317059 · est 2007 · no financials extracted	—	—	—	—	19y	—	—
INSIGHT PROJECT CONTROLS LIMITED→ SC632762 · est 2019 · no financials extracted	—	—	—	—	6y	—	—
J1WVS LTD→ SC666678 · est 2020 · no financials extracted	—	—	—	—	5y	—	—
JAC-G VENTURES LTD→ SC826526 · est 2024 · no financials extracted	—	—	—	—	1y	—	—
JORDAN MCKIM CLEANING LTD→ SC787009 · est 2023 · no financials extracted	—	—	—	—	2y	—	—
JUDY BARBER LTD→ SC826002 · est 2024 · no financials extracted	—	—	—	—	1y	—	—
K9 TURKISH BARBER LTD→ SC717401 · est 2021 · no financials extracted	—	—	—	—	4y	—	—
KALI AESTHETICS LIMITED→ SC755336 · est 2023 · no financials extracted	—	—	—	—	3y	—	—
KATY HAIR & BEAUTY LIMITED→ SC622146 · est 2019 · no financials extracted	—	—	—	—	7y	—	—
KDA STUDIO LTD→ SC782496 · est 2023 · no financials extracted	—	—	—	—	2y	—	—
KEEPING IT LOCAL CIC→ SC556112 · est 2017 · no financials extracted	—	—	—	—	9y	—	—

Peers ranked by estimated value, then turnover, then opportunity score.See all →

🔒Tailored diligence questions

7 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

Incorporated2015-03-10

Jurisdictionscotland

Primary SIC82990 — Other business support service activities n.e.c.

Registered office

Glenacardoch Farm

Glenbarr

Tarbert

Argyll

PA29 6UT

United Kingdom

Filing status

Accounts

Next due: 2026-07-31

Last made up to: 2024-10-31

Confirmation statement

Next due: 2027-03-24

Last: 2026-03-10

Officers (2 active · 0 resigned)

MACALISTER, Fiona Alison→

secretary · appointed 2015-03-10

View their other companies + combined net worth →

Active

MACALISTER, Duncan Joachim→

director · ~62y · appointed 2015-03-10

View their other companies + combined net worth →

Active

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:1 of 1 shown

			Type	Properties
	outstanding	Blary Hill Energy Blary Hill Energy Limited	A registered charge	3 properties	10/03/2020	—

Click column headers to sort. Use filters above to narrow by status and lender.