BOULGE LIMITED

💤Zombieactive
SC611806 · ltd · incorporated 2018-10-25
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 2025
Net worth
book net assets
Opportunity
76/100
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
Active trading company with a 74-year-old founder — textbook succession opportunity.

Opportunity 76/100 (strong), bankability 75/100. Strong seller-intent signal (60/100, director aged 74). 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).

Data confidence

Overall: medium (76/100)

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
75
Lenders & charges
Confirmed no charges registered
85
Directors & officers
3 officers (2 active, 3 linked, 2 with DOB)
83
Ownership & PSC
2 active PSC(s) of 3 total, 3 with control declared
90
Director network
Network not yet resolved
30
Filing history
21 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
76/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
65
Adequate — check latest filings for context.
Acquirability
70
Strong succession / seller-readiness signals.
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£0Oct 2024Oct 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-10-312024-10-31
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
1
filing
  • 1 accounts
Last 90 days
1
filing
  • 1 accounts
Last 180 days
2
filings
  • 1 accounts
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (19 events)Click to expand
  1. 2026-04-14
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-07-17
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  3. 2025-07-17
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  4. 2025-07-16
    MENZIES, Vivienne resigned
    director
  5. 2025-07-03
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2024-04-18
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2023-04-21
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2022-06-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2022-02-16
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  10. 2022-01-21
    📄
    change-corporate-secretary-company-with-change-date
    officers · CH04
  11. 2022-01-21
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  12. 2021-05-21
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2020-07-13
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  14. 2020-06-01
    MENZIES, Rowan Robin appointed
    director
  15. 2020-06-01
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  16. 2018-10-25
    🏢
    Company incorporated
    As BOULGE LIMITED
  17. 2018-10-25
    BRODIES SECRETARIAL SERVICES LIMITED appointed
    corporate-secretary
  18. 2018-10-25
    MENZIES, Vivienne appointed
    director
  19. 2018-10-25
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

90/100
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 age: Director aged approximately 74 — succession pressure is live.

Succession & seller-readiness

75/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 74 years old. Natural succession window is now.
  • 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.)

Group structure

Brodies & Co. (Trustees) Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Brodies & Co. (Trustees) Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
BOULGE LIMITED
This company · SC611806

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

2 active beneficial owners · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Brodies & Co. (Trustees) Limited
Corporate entity
75100%
75–100%board control75-100% shares · 75-100% voting · board control · trust interest25/10/2018
Mr Robin Menzies
Individual · British · DOB 10/1952 · age 74
75100%
75–100%board control75-100% shares · 75-100% voting · board control · trust interest25/10/2018
1 historic (ceased) PSC
  • Ms Vivienne Menziesceased 16/07/2025· 75-100% shares · 75-100% voting · board control · trust interest

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

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

8 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
Incorporated2018-10-25
Jurisdictionscotland
Primary SIC82990 — Other business support service activities n.e.c.

Registered office

C/O Brodies Llp Capital Square
58 Morrison Street
Edinburgh
EH3 8BP
United Kingdom

Filing status

Accounts
Next due: 2027-07-31
Last made up to: 2025-10-31
Confirmation statement
Next due: 2026-11-07
Last: 2025-10-24

Officers (2 active · 1 resigned)

BRODIES SECRETARIAL SERVICES LIMITED
corporate-secretary · appointed 2018-10-25
View their other companies + combined net worth →
Active
MENZIES, Rowan Robin
director · ~74y · appointed 2020-06-01
View their other companies + combined net worth →
Active
MENZIES, Vivienne
director · ~80y · appointed 2018-10-25 · resigned 2025-07-16
Resigned

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

Recent filings (21 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2026-04-14
confirmation-statement-with-updates
confirmation-statement · CS01
2025-11-07
termination-director-company-with-name-termination-date
officers · TM01
2025-07-17
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-07-17
accounts-with-accounts-type-micro-entity
accounts · AA
2025-07-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-28
accounts-with-accounts-type-micro-entity
accounts · AA
2024-04-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-24
accounts-with-accounts-type-micro-entity
accounts · AA
2023-04-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-10-24
accounts-with-accounts-type-micro-entity
accounts · AA
2022-06-28
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-02-16
change-corporate-secretary-company-with-change-date
officers · CH04
2022-01-21
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2022-01-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-10-28