BRAIDREEF LIMITED

💤Zombieactive
SC504442 · ltd · incorporated 2015-04-27
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 Apr 2025
Net worth
—
book net assets
Opportunity
74/100
Strong
🔔
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What this business does
Primary activity: Construction of commercial buildings
Sector: Construction
ALSO REGISTERED FOR
  • 68209Other letting and operating of own or leased real estate
  • 71129Other engineering activities
  • 93199Other sports activities
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 74/100 (strong), bankability 75/100. 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 (58/100).

Data confidence

Overall: high (82/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile
address, 4 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
Confirmed no charges registered
85
Directors & officers
5 officers (1 active, 5 linked, 5 with DOB)
90
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
42 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
74/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
55
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0Apr 2024Apr 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-04-302024-04-30
Average employees00

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

2 signals 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
2
filings
  • • 1 confirmation-statement
  • • 1 accounts
Last 180 days
2
filings
  • • 1 confirmation-statement
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (26 events)Click to expand
  1. 2026-01-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-03-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-01-28
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  4. 2024-01-28
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  5. 2024-01-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2023-06-22
    📄
    capital-allotment-shares
    capital · SH01
  7. 2023-06-19
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  8. 2023-05-31
    ➖
    CORMACK, Neil resigned
    director
  9. 2023-01-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2021-12-13
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2021-07-22
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  12. 2020-12-07
    📄
    accounts-amended-with-accounts-type-micro-entity
    accounts · AAMD
  13. 2020-12-06
    📄
    change-person-director-company-with-change-date
    officers · CH01
  14. 2020-12-06
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  15. 2020-11-04
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  16. 2020-04-24
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  17. 2019-08-06
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  18. 2018-09-27
    ➕
    CORMACK, Graham Neil appointed
    director
  19. 2016-02-22
    ➖
    WOOD, David John resigned
    director
  20. 2016-02-19
    ➕
    CORMACK, Neil appointed
    director
  21. 2016-02-19
    ➕
    ROSE, Jacqueline appointed
    director
  22. 2016-02-19
    ➖
    ROSE, Jacqueline resigned
    director
  23. 2015-04-27
    🏢
    Company incorporated
    As BRAIDREEF LIMITED
  24. 2015-04-27
    ➕
    MABBOTT, Stephen George appointed
    director
  25. 2015-04-27
    ➖
    MABBOTT, Stephen George resigned
    director
  26. 2015-04-27
    ➕
    WOOD, David John appointed
    director

Owner dependency

75/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.

Succession & seller-readiness

45/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

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

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Graham Neil Cormack
Individual · British · DOB 07/1975 · age 51
75–100%
—75-100% shares14/12/2023
1 historic (ceased) PSC
  • Mr Neil Cormackceased 14/12/2023· 75-100% shares

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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————10y——
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SC383532 · est 2010 · no financials extracted
————15y——
D COWIE PLUMBING & HEATING LTD→
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————4y——
DAMION M BROOKS BUILDERS LTD→
SC869861 · est 2025 · no financials extracted
———————
DANDARA ABERDEEN LIMITED→
SC655665 · est 2020 · no financials extracted
————6y——
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DAVID COWE LIMITED→
SC285815 · est 2005 · no financials extracted
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DAVIDSONS MARINE & INDUSTRIAL PAINTERS LTD.→
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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
Incorporated2015-04-27
Jurisdictionscotland
Primary SIC41201 — Construction of commercial buildings

Registered office

34 Low Street
Buckie
AB56 1UX
Scotland

Filing status

Accounts
Next due: 2027-01-31
Last made up to: 2025-04-30
Confirmation statement
Next due: 2027-02-14
Last: 2026-01-31

Officers (1 active · 4 resigned)

CORMACK, Graham Neil→
director · ~51y · appointed 2018-09-27
View their other companies + combined net worth →
Active
CORMACK, Neil→
director · ~78y · appointed 2016-02-19 · resigned 2023-05-31
Resigned
MABBOTT, Stephen George→
director · ~76y · appointed 2015-04-27 · resigned 2015-04-27
Resigned
ROSE, Jacqueline→
director · ~49y · appointed 2016-02-19 · resigned 2016-02-19
Resigned
WOOD, David John→
director · ~48y · appointed 2015-04-27 · resigned 2016-02-22
Resigned

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

Recent filings (42 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-31
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-01-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-03-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-17
confirmation-statement-with-updates
confirmation-statement · CS01
2024-02-14
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-01-28
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-01-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-01-26
capital-allotment-shares
capital · SH01
2023-06-22
confirmation-statement-with-updates
confirmation-statement · CS01
2023-06-19
termination-director-company-with-name-termination-date
officers · TM01
2023-06-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-01-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-06-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-05-26
accounts-with-accounts-type-micro-entity
accounts · AA
2021-12-13