STEWART BLAIR LTD

💤Zombieactive

SC507170 · ltd · incorporated 2015-06-01

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.

Why now

Window opening · high confidence

More negotiable than before — 3 signals weakening over the last 30 days.

· Hygiene score: 90 → 70
· Opportunity score: 78 → 69
· Bankability: 75 → 65
· Distress / opportunity: avoid → attractive

Opportunity decay

softening · 6-months

Softening — cumulative signals suggest this becomes more negotiable over the next 3–6 months.

· 3 recent signals weakening vs 0 strengthening

What changed my view

Last 30 days

Picture worsened over the last 30 days — 3 negative signals vs 0 positive.

↓Opportunity score: 78 → 69
↓Hygiene score: 90 → 70
↓Bankability: 75 → 65
·Distress / opportunity: avoid → attractive

Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Mar 2026

Net worth

£129

book net assets

Opportunity

69/100

Strong

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch

What this business does

Primary activity: Accounting and auditing activities

Sector: Professional, scientific & technical

Investor take

Special-situation opportunity

Distressed professional-services with salvageable qualities — special-situations priority.

Opportunity 69/100 (strong), bankability 65/100. Strong seller-intent signal (63/100, director aged 67). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: Confirmation statement overdue. Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal. Most likely exit: share sale to pe / searcher (73/100).

Data confidence

Overall: medium (78/100)

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

Confirmed no charges registered

Directors & officers

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

Ownership & PSC

1 active PSC(s) of 1 total, 1 with control declared

Director network

Network not yet resolved

Filing history

26 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

69/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Adequate — check latest filings for context.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Some moderate concerns — review flags.

Signal strength

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared

Positive net assets

Net assets £129

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

£129

Current Assets

£129

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2026-03-30	2025-05-31
Total assets	£129	—
Current assets	£129	—
Net assets	£129	—

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

Recent activity

Last 30 days

filing

• 1 accounts

Last 90 days

filings

• 2 accounts
• 1 gazette
• 1 dissolution

Last 180 days

filings

• 3 accounts
• 1 gazette
• 1 dissolution

Counts from Companies House filing history.

Corporate timeline (18 events)Click to expand

2026-06-17
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2026-04-07
📄
gazette-notice-voluntary
gazette · GAZ1(A)
2026-03-31
📄
change-account-reference-date-company-previous-shortened
accounts · AA01
2026-03-31
📄
dissolution-application-strike-off-company
dissolution · DS01
2026-03-18
📄
accounts-with-accounts-type-dormant
accounts · AA
2025-02-27
📄
accounts-with-accounts-type-dormant
accounts · AA
2024-02-26
📄
accounts-with-accounts-type-dormant
accounts · AA
2023-02-24
📄
accounts-with-accounts-type-dormant
accounts · AA
2022-02-25
📄
accounts-with-accounts-type-dormant
accounts · AA
2021-02-22
📄
accounts-with-accounts-type-dormant
accounts · AA
2020-02-19
📄
accounts-with-accounts-type-dormant
accounts · AA
2019-02-27
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2018-02-26
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2017-02-27
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2016-06-12
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2016-06-12
📄
change-account-reference-date-company-previous-shortened
accounts · AA01
2015-06-01
🏢
Company incorporated
As STEWART BLAIR LTD
2015-06-01
➕
BLAIR, Stewart appointed
director

Owner dependency

100/100

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.
+Founder name in company name: Company name contains director surname "BLAIR" — strong identity link between founder and business.
+Founder age: Director aged approximately 67 — succession pressure is live.
+No director turnover: Company is 11 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

65/100

Strong succession signal

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

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.

Red flags

1 high ·

Confirmation statement overdue

high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2026-06-15

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%

Name	Shares	Voting rights	Nature of control	Notified
Mr Stewart Blair Individual · Scottish · DOB 01/1959 · age 67	75–100%	—	75-100% shares	01/06/2016

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

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ANCER RECRUITMENT LTD.→ SC205893 · est 2000	—	—	—	5200	26y	83	62y
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LAURENCE GOULD PARTNERSHIP LIMITED→ SC124767 · est 1990 · no financials extracted	—	—	—	—	36y	83	72y
PHOTOSYNERGY LIMITED→ SC220986 · est 2001 · no financials extracted	—	—	—	—	24y	83	58y
AVENUE SCOTLAND LIMITED→ SC147452 · est 1993	—	—	£87.8k	—	32y	82	73y
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DRYBURGH ASSOCIATES LIMITED→ SC367732 · est 2009	—	—	—	900	16y	82	68y
FASTTRAC DESIGN LIMITED→ SC297992 · est 2006	—	—	£4.3k	—	20y	82	65y
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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

Incorporated2015-06-01

Jurisdictionscotland

Primary SIC69201 — Accounting and auditing activities

Registered office

26 Andrew Lang Crescent

St. Andrews

Fife

KY16 8YL

Scotland

Filing status

Accounts

Next due: 2027-12-30

Last made up to: 2026-03-30

Confirmation statement

Next due: 2026-06-15OVERDUE

Last: 2025-06-01

Officers (1 active · 0 resigned)

BLAIR, Stewart→

director · ~67y · appointed 2015-06-01

View their other companies + combined net worth →

Active

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

Recent filings (26 total)

accounts-with-accounts-type-micro-entity

accounts · AA

2026-06-17

gazette-notice-voluntary

gazette · GAZ1(A)

2026-04-07

change-account-reference-date-company-previous-shortened

accounts · AA01

2026-03-31

dissolution-application-strike-off-company

dissolution · DS01

2026-03-31