BG PROPERTIES (SCOTLAND) LIMITED

💤Zombieactive
SC565856 · ltd · incorporated 2017-05-13
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.
Why now
Window steady · low confidence
Steady and stalled — no momentum either way. Needs an approach trigger.
What changed my view
Last 30 days

No material changes in the last 30 days.

Last 90 days

No material changes in the last 90 days.

Last 180 days

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

🔒Estimated value
—
Upgrade to see
Turnover
—
year to May 2025
Net worth
—
book net assets
Opportunity
69/100
Strong
🔔
Follow this company (free)
Email alerts on filings, charges, director changes, gazette notices. No account needed.

Unsubscribe any time from any email. GDPR-respectful.

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch
What this business does
Primary activity: Buying and selling of own real estate
Sector: Real estate
Investor take
Pursue
Property-backed borrower. Reasonable fundamentals — worth a memo before deciding.

Opportunity 69/100 (strong), bankability 57/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 5 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

13 live charges · 5 lenders · oldest 8.3y

15/100
under pressure

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

  • · Oldest live charge is 8.3 years old — likely at or near maturity.
  • · 5 lenders named — inter-creditor friction likely.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: high (81/100)

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
13 charges (13/13 with lender, 13/13 with type)
90
Directors & officers
1 officers (1 active, 1 linked, 1 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
4 connected companies via shared directors
57
Filing history
35 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
69/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
55
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
82
Few red flags.
Signal strength
100
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£0May 2024May 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-05-312024-05-31
Average employees00

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
1
filing
  • • 1 confirmation-statement
Last 180 days
2
filings
  • • 1 confirmation-statement
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (34 events)Click to expand
  1. 2026-02-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-04-16
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  3. 2025-04-12
    🔒
    Charge registered #13
    Lender: Paragon Bank PLC
  4. 2025-02-26
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2025-02-05
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  6. 2025-02-01
    🔒
    Charge registered #12
    Lender: Paragon Bank PLC
  7. 2024-12-06
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  8. 2024-11-28
    🔒
    Charge registered #11
    Lender: Paragon Bank PLC
  9. 2024-07-05
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  10. 2024-06-28
    🔒
    Charge registered #10
    Lender: Paragon Bank PLC
  11. 2024-02-23
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2023-03-10
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  13. 2023-03-01
    🔒
    Charge registered #9
    Lender: The Mortgage Works (UK) PLC
  14. 2023-02-24
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  15. 2023-02-01
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  16. 2023-01-25
    🔒
    Charge registered #8
    Lender: The Mortgage Works (UK) PLC
  17. 2023-01-24
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  18. 2023-01-18
    🔒
    Charge registered #7
    Lender: The Mortgage Works (UK) PLC
  19. 2022-11-22
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  20. 2022-11-18
    🔒
    Charge registered #6
    Lender: The Mortgage Works (UK) PLC
  21. 2022-10-19
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  22. 2022-07-22
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  23. 2022-07-15
    🔒
    Charge registered #5
    Lender: The Mortgage Works (UK) PLC
  24. 2022-06-13
    📄
    accounts-amended-with-accounts-type-micro-entity
    accounts · AAMD
  25. 2022-02-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  26. 2021-07-29
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  27. 2021-07-28
    🔒
    Charge registered #4
    Lender: Shawbrook Bank Limited
  28. 2021-06-23
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  29. 2021-06-16
    🔒
    Charge registered #3
    Lender: Onesavings Bank PLC
  30. 2021-05-25
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  31. 2018-04-12
    🔒
    Charge registered #1
    Lender: Aldermore Bank PLC
  32. 2018-04-05
    🔒
    Charge registered #2
    Lender: Aldermore Bank PLC
  33. 2017-05-13
    🏢
    Company incorporated
    As BG PROPERTIES (SCOTLAND) LIMITED
  34. 2017-05-13
    ➕
    GUL, Baris appointed
    director

Owner dependency

80/100
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.
  • +No director turnover: Company is 9 years old with no director changes — suggests a very tight-knit founder team never broadened.

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

1 low
13 live charges
low

Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Baris Gul
Individual · British · DOB 12/1989 · age 37
75–100%
75–100%board control75-100% shares · 75-100% voting · board control13/05/2017

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 · IV postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
BLAVEN LIMITED→
SC160238 · est 1995
£1.94M
£1.65M–£2.24M
—£1.94M—30y8373y
REDDLEMAN PROPERTIES LIMITED→
SC210065 · est 2000
£1.04M
£882.8k–£1.19M
—£1.04M—25y8261y
PURESURF LIMITED→
SC186167 · est 1998
£839.5k
£713.6k–£965.4k
—£839.5k—28y8265y
GLENVICASKILL DEVELOPMENTS LIMITED→
SC235334 · est 2002
£658.2k
£559.5k–£756.9k
—£658.2k—23y8282y
W. & A.B. RICHARDSON LIMITED→
SC022381 · est 1943
£561.0k
£476.8k–£645.1k
—£561.0k—83y8263y
GEDDES PROPERTIES (NAIRN) LIMITED→
SC141250 · est 1992
£538.2k
£457.5k–£618.9k
—£538.2k—33y8265y
FINDHORN SALMON FISHINGS LIMITED→
SC030593 · est 1955
£291.2k
£247.5k–£334.9k
—£291.2k—71y8277y
FAIRFIELD PROPERTIES (INVERNESS) LTD.→
SC244714 · est 2003
£217.0k
£184.5k–£249.6k
—£217.0k—23y8275y
NORTHLANDS PROPERTIES LIMITED→
SC195787 · est 1999
£214.5k
£182.3k–£246.6k
—£214.5k—27y8359y
CRUACHAN FLATS LIMITED→
SC242899 · est 2003
£148.1k
£125.9k–£170.3k
—£148.1k—23y8277y
BELVOIR LETTINGS (MORAY) LTD→
SC302163 · est 2006
£124.4k
£105.7k–£143.0k
—£124.4k—20y8267y
CAMERON HARRIS LTD.→
SC241344 · est 2002
£93.0k
£79.0k–£106.9k
—£93.0k—23y8278y
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
Incorporated2017-05-13
Jurisdictionscotland
Primary SIC68100 — Buying and selling of own real estate

Registered office

23 Commerce Street
Elgin
Morayshire
IV30 1BS
Scotland

Filing status

Accounts
Next due: 2027-02-28
Last made up to: 2025-05-31
Confirmation statement
Next due: 2027-05-26
Last: 2026-05-12

Officers (1 active · 0 resigned)

GUL, Baris→
director · ~37y · appointed 2017-05-13
View their other companies + combined net worth →
Active

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

Mortgages & charges

13
Total charges
13
Outstanding
5
Active lenders
Status:Lender:13 of 13 shown
TypeProperties
outstanding
Paragon
Paragon Bank PLC
A registered charge1 property12/04/2025—
outstanding
Paragon
Paragon Bank PLC
A registered charge1 property01/02/2025—
outstanding
Paragon
Paragon Bank PLC
A registered charge1 property28/11/2024—
outstanding
Paragon
Paragon Bank PLC
A registered charge1 property28/06/2024—
outstanding
The Mortgage Works (UK)
The Mortgage Works (UK) PLC
A registered charge1 property01/03/2023—
outstanding
The Mortgage Works (UK)
The Mortgage Works (UK) PLC
A registered charge1 property25/01/2023—
outstanding
The Mortgage Works (UK)
The Mortgage Works (UK) PLC
A registered charge1 property18/01/2023—
outstanding
The Mortgage Works (UK)
The Mortgage Works (UK) PLC
A registered charge1 property18/11/2022—
outstanding
The Mortgage Works (UK)
The Mortgage Works (UK) PLC
A registered charge1 property15/07/2022—
outstanding
Shawbrook
Shawbrook Bank Limited
A registered charge1 property28/07/2021—
outstanding
Onesavings Bank
Onesavings Bank PLC
A registered charge1 property16/06/2021—
outstanding
Aldermore
Aldermore Bank PLC
A registered charge1 property12/04/2018—
outstanding
Aldermore
Aldermore Bank PLC
A registered charge—05/04/2018—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (35 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-05-12
accounts-with-accounts-type-micro-entity
accounts · AA
2026-02-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-28
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-04-16
accounts-with-accounts-type-micro-entity
accounts · AA
2025-02-26
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-02-05
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-12-06
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-07-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-29
accounts-with-accounts-type-micro-entity
accounts · AA
2024-02-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-20
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-03-10
accounts-with-accounts-type-micro-entity
accounts · AA
2023-02-24
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-02-01
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-01-24