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.

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 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 Oct 2025

Net worth

—

book net assets

Opportunity

76/100

Strong

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

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

Lenders & charges

Confirmed no charges registered

Directors & officers

3 officers (2 active, 3 linked, 2 with DOB)

Ownership & PSC

2 active PSC(s) of 3 total, 3 with control declared

Director network

Network not yet resolved

Filing history

21 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

76/100Strong

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

Few red flags.

Signal strength

Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

—

Current Assets

—

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102

Metric	2025-10-31	2024-10-31
Average employees	0	0

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

filings

Last 90 days

filing

• 1 accounts

Last 180 days

filing

• 1 accounts

Counts from Companies House filing history.

Corporate timeline (19 events)Click to expand

2026-04-14
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2025-07-17
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-07-17
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-07-16
➖
MENZIES, Vivienne resigned
director
2025-07-03
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2024-04-18
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2023-04-21
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2022-06-28
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2022-02-16
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-01-21
📄
change-corporate-secretary-company-with-change-date
officers · CH04
2022-01-21
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2021-05-21
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2020-07-13
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2020-06-01
➕
MENZIES, Rowan Robin appointed
director
2020-06-01
📄
appoint-person-director-company-with-name-date
officers · AP01
2018-10-25
🏢
Company incorporated
As BOULGE LIMITED
2018-10-25
➕
BRODIES SECRETARIAL SERVICES LIMITED appointed
corporate-secretary
2018-10-25
➕
MENZIES, Vivienne appointed
director
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%

Name	Shares	Voting rights	Nature of control	Notified
Brodies & Co. (Trustees) Limited Corporate entity	75–100%	75–100%	board control75-100% shares · 75-100% voting · board control · trust interest	25/10/2018
Mr Robin Menzies Individual · British · DOB 10/1952 · age 74	75–100%	75–100%	board control75-100% shares · 75-100% voting · board control · trust interest	25/10/2018

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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ELGIN INFRASTRUCTURE LIMITED→ SC366432 · est 2009	£50.96M £38.22M–£63.70M	—	—	0	16y	94	64y
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PPP SERVICES (NORTH AYRSHIRE) HOLDINGS LIMITED→ SC294861 · est 2005	£4.61M £3.46M–£5.76M	—	—	0	20y	87	60y
GLASGOW HEALTHCARE FACILITIES (HOLDINGS) LIMITED→ SC290718 · est 2005	£4.00M £3.00M–£5.00M	—	—	0	20y	84	63y
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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