BETTER LEGAL LTD

💤Zombieactive
SC648647 · ltd · incorporated 2019-12-02
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 Dec 2025
Net worth
£100
book net assets
Opportunity
71/100
Strong
🔔
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What this business does
Primary activity: Solicitors
Sector: Professional, scientific & technical
ALSO REGISTERED FOR
  • 69109Activities of patent and copyright agents; other legal activities
  • 70229Management consultancy activities other than financial management
  • 78300Human resources provision and management of human resources functions
Investor take
Pursue
Strong opportunity: asset-holding vehicle 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, 4 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 · accounting standard not declared
Positive net assets
Net assets £100

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
£100
~ YoY
Current Assets
Current Liabilities
£0£20£40£60£80£100Dec 2024Dec 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-12-312024-12-31
Total assets£100£100
Current assets£100
Net assets£100£100

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

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
4
filings
  • 1 officers
  • 1 persons-with-significant-control
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (13 events)Click to expand
  1. 2026-01-25
    📄
    change-person-director-company-with-change-date
    officers · CH01
  2. 2026-01-25
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  3. 2026-01-01
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2025-01-01
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2024-01-01
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2023-01-01
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2022-01-01
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  8. 2021-01-01
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2020-01-03
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2020-01-03
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  11. 2019-12-02
    🏢
    Company incorporated
    As BETTER LEGAL LTD
  12. 2019-12-02
    HANNAY, Philip Adamson appointed
    director
  13. 2019-12-02
    📄
    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
Mr Philip Adamson Hannay
Individual · British · DOB 11/1978 · age 48
75100%
75–100%75-100% shares · 75-100% voting02/12/2019

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.

See pricing →

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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.

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Company details

Statusactive
Typeltd
Incorporated2019-12-02
Jurisdictionscotland
Primary SIC69102 — Solicitors

Registered office

C/O Cloch Solicitors
94 Hope Street
Glasgow
G2 6PH
United Kingdom

Filing status

Accounts
Next due: 2027-09-30
Last made up to: 2025-12-31
Confirmation statement
Next due: 2027-01-15
Last: 2026-01-01

Officers (1 active · 0 resigned)

HANNAY, Philip Adamson
director · ~48y · appointed 2019-12-02
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)

change-person-director-company-with-change-date
officers · CH01
2026-01-25
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-01-25
accounts-with-accounts-type-micro-entity
accounts · AA
2026-01-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-01
accounts-with-accounts-type-micro-entity
accounts · AA
2025-01-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-01
accounts-with-accounts-type-micro-entity
accounts · AA
2024-01-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-01-01
accounts-with-accounts-type-micro-entity
accounts · AA
2023-01-01
accounts-with-accounts-type-dormant
accounts · AA
2022-01-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-01-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-01-01
accounts-with-accounts-type-micro-entity
accounts · AA
2021-01-01
accounts-with-accounts-type-micro-entity
accounts · AA
2020-01-03