BELLAGO LIMITED

🏛️Establishedactive

SC630845 · ltd · incorporated 2019-05-17

Investment thesis

Established operating company — standard diligence applies, no dominant angle.

Why interesting: Live, filing, normal profile.

Why risky: No standout signals in either direction.

Why now

Window opening · high confidence

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

· Hygiene score: 90 → 70
· Opportunity score: 72 → 64
· 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: 72 → 64
↓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 May 2025

Net worth

£116

book net assets

Opportunity

64/100

Worth a look

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

What this business does

Primary activity: Electrical installation

Sector: Construction

Investor take

Special-situation opportunity

Distressed construction with salvageable qualities — special-situations priority.

Opportunity 64/100 (worth a look), bankability 65/100. High owner-dependency — earn-out structure likely required for clean transition. 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 (58/100).

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

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

Ownership & PSC

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

Director network

Network not yet resolved

Filing history

28 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

64/100Worth a look

PassWatchWorth a lookStrongExceptional

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality

Adequate — check latest filings for context.

Acquirability

Some acquirability indicators.

Risk profile

Some moderate concerns — review flags.

Signal strength

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)

Positive net assets

Net assets £116

Net assets shrinking

Down £9,656 YoY

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

£116

↓ 99% YoY

Current Assets

£16k

↓ 35% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)

Metric	2025-05-31	2024-05-31
Total assets	£116	£9.8k
Current assets	£15.8k	£24.4k
Net assets	£116	£9.8k

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

filings

• 4 officers
• 2 persons-with-significant-control

Last 180 days

filings

• 4 officers
• 2 persons-with-significant-control
• 1 accounts

Counts from Companies House filing history.

Corporate timeline (23 events)Click to expand

2026-06-04
📄
change-person-director-company-with-change-date
officers · CH01
2026-04-21
📄
change-person-director-company-with-change-date
officers · CH01
2026-04-21
📄
change-person-director-company-with-change-date
officers · CH01
2026-04-21
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-04-14
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-04-14
📄
change-person-director-company-with-change-date
officers · CH01
2026-02-27
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2025-05-19
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-05-19
📄
change-person-director-company-with-change-date
officers · CH01
2024-10-16
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2024-10-03
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-10-03
📄
change-person-director-company-with-change-date
officers · CH01
2023-09-25
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2023-06-06
📄
capital-allotment-shares
capital · SH01
2023-02-26
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2023-01-12
📄
appoint-person-director-company-with-name-date
officers · AP01
2023-01-01
➕
DONALD, Ross Edward appointed
director
2022-02-28
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2020-07-13
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2020-06-24
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2020-06-24
📄
change-person-director-company-with-change-date
officers · CH01
2019-05-17
🏢
Company incorporated
As BELLAGO LIMITED
2019-05-17
➕
DONALD, Margaret appointed
director

Owner dependency

71/100

High — earn-out structure required

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

FACTORS

+Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
+No director turnover: Company is 7 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

36/100

Weak signal

Limited succession signal. Not a near-term off-market candidate.

SIGNALS

secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

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: 2026-05-25

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%

Name	Shares	Voting rights	Nature of control	Notified
Mrs Margaret Donald Individual · Scottish · DOB 03/1986 · age 40	75–100%	75–100%	board control75-100% shares · 75-100% voting · board control	17/05/2019

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

Similar companies

Active · Construction · G postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
GEORGE LESLIE LIMITED→ SC251886 · est 2003	£42.07M £30.05M–£54.09M	—	—	43000	23y	87	59y
MACKENZIE CONSTRUCTION LIMITED→ SC073177 · est 1980	£19.04M £13.60M–£24.48M	—	—	292	45y	87	61y
SLM MACKENZIE LIMITED→ SC243618 · est 2003	£19.02M £13.59M–£24.46M	—	—	292	23y	86	63y
LUDDON CONSTRUCTION LIMITED→ SC057943 · est 1975	£11.36M £8.11M–£14.61M	—	—	540	51y	87	60y
CURTIS MOORE (CLADDING SYSTEMS) LIMITED→ SC206369 · est 2000	£6.45M £4.61M–£8.30M	—	—	3700	26y	85	65y
A.B. 2000 LTD.→ SC155832 · est 1995	£6.43M £4.59M–£8.26M	—	—	10600	31y	84	46y
FRONT LINE CONSTRUCTION LIMITED→ SC068593 · est 1979	£3.67M £2.62M–£4.72M	—	—	106	47y	83	56y
VEITCHI INTERIORS LIMITED→ SC042401 · est 1965	£3.00M £2.15M–£3.86M	—	—	53	60y	87	61y
INSITE CONTRACTS LIMITED→ SC162464 · est 1996	£682.9k £487.8k–£878.0k	—	—	47	30y	85	60y
TARPAVE LIMITED→ SC240089 · est 2002	£32.6k £23.3k–£41.9k	£2.30M	—	1100	23y	84	65y
A H F CONSTRUCTION MANAGEMENT LTD.→ SC352436 · est 2008	—	—	£2.19M	—	17y	83	58y
ARC-TECH (SCOTLAND) LIMITED→ SC127099 · est 1990 · no financials extracted	—	—	—	—	35y	83	75y

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

Incorporated2019-05-17

Jurisdictionscotland

Primary SIC43210 — Electrical installation

Registered office

12 Pankhurst Place

East Kilbride

Glasgow

G74 4BH

Scotland

Filing status

Accounts

Next due: 2027-02-28

Last made up to: 2025-05-31

Confirmation statement

Next due: 2026-05-25OVERDUE

Last: 2025-05-11

Officers (2 active · 0 resigned)

DONALD, Margaret→

director · ~40y · appointed 2019-05-17

View their other companies + combined net worth →

Active

DONALD, Ross Edward→

director · ~38y · appointed 2023-01-01

View their other companies + combined net worth →

Active

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

Recent filings (28 total)

change-person-director-company-with-change-date

officers · CH01

2026-06-04

change-person-director-company-with-change-date

officers · CH01

2026-04-21

change-person-director-company-with-change-date

officers · CH01

2026-04-21

change-to-a-person-with-significant-control

persons-with-significant-control · PSC04

2026-04-21

change-to-a-person-with-significant-control

persons-with-significant-control · PSC04

2026-04-14

change-person-director-company-with-change-date

officers · CH01

2026-04-14

accounts-with-accounts-type-micro-entity

accounts · AA

2026-02-27

confirmation-statement-with-updates

confirmation-statement · CS01

2025-05-23

change-to-a-person-with-significant-control

persons-with-significant-control · PSC04

2025-05-19

change-person-director-company-with-change-date

officers · CH01

2025-05-19

accounts-with-accounts-type-micro-entity

accounts · AA

2024-10-16

change-registered-office-address-company-with-date-old-address-new-address

address · AD01

2024-10-03

change-person-director-company-with-change-date

officers · CH01

2024-10-03

confirmation-statement-with-updates

confirmation-statement · CS01

2024-06-04

accounts-with-accounts-type-micro-entity

accounts · AA

2023-09-25