BELGATE (KIRKCALDY) LIMITED

💤Zombieactive
SC646486 · ltd · incorporated 2019-11-07
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
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Turnover
£1.22M
year to Nov 2024
Net worth
book net assets
Opportunity
71/100
Strong
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What this business does
Primary activity: Buying and selling of own real estate
Sector: Real estate
ALSO REGISTERED FOR
  • 68209Other letting and operating of own or leased real estate
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 71/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. 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 (58/100).

Data confidence

Overall: high (82/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile
address, 2 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
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
10 connected companies via shared directors
75
Filing history
18 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
71/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
65
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Loss-making
Loss before tax £331,339

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
Current Assets
Current Liabilities
£0£237k£475k£712k£949k£1.2mNov 2023Nov 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-11-302023-11-30
Turnover£1.22M
Operating profit£-81.3k
Profit before tax£-331.3k
Total assets£1.80M
Current assets£1.19M
Cash£10.6k
Debtors£1.18M
Net assets£1.12M
Average employees0

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

Recent activity

Last 30 days
1
filing
  • 1 confirmation-statement
Last 90 days
3
filings
  • 1 confirmation-statement
  • 1 officers
  • 1 persons-with-significant-control
Last 180 days
3
filings
  • 1 confirmation-statement
  • 1 officers
  • 1 persons-with-significant-control
Counts from Companies House filing history.
Corporate timeline (12 events)Click to expand
  1. 2026-02-09
    📄
    change-person-director-company-with-change-date
    officers · CH01
  2. 2026-02-09
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  3. 2025-10-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2024-12-17
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  5. 2023-11-30
    📄
    change-person-director-company-with-change-date
    officers · CH01
  6. 2023-11-30
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  7. 2023-11-17
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  8. 2022-05-31
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  9. 2021-08-04
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  10. 2019-11-07
    🏢
    Company incorporated
    As BELGATE (KIRKCALDY) LIMITED
  11. 2019-11-07
    WILSON, Stuart William appointed
    director
  12. 2019-11-07
    📄
    incorporation-company
    incorporation · NEWINC

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 6 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

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Stuart Wilson
Individual · Scottish · DOB 10/1970 · age 56
75100%
75–100%board control75-100% shares · 75-100% voting · board control07/11/2019

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.

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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.

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Company details

Statusactive
Typeltd
Incorporated2019-11-07
Jurisdictionscotland
Primary SIC68100 — Buying and selling of own real estate

Registered office

8 John Street
Glasgow
G1 1JQ
Scotland

Filing status

Accounts
Next due: 2026-08-31
Last made up to: 2024-11-30
Confirmation statement
Next due: 2027-04-07
Last: 2026-03-24

Officers (1 active · 0 resigned)

WILSON, Stuart William
director · ~56y · appointed 2019-11-07
View their other companies + combined net worth →
Active

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

Recent filings (18 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-04-13
change-person-director-company-with-change-date
officers · CH01
2026-02-09
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-02-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-10-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-28
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-12-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-02
change-person-director-company-with-change-date
officers · CH01
2023-11-30
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-11-30
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-11-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-28
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-05-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-04-05
accounts-with-accounts-type-dormant
accounts · AA
2021-08-04
confirmation-statement-with-updates
confirmation-statement · CS01
2021-03-24