CBSR LTD

🏛️Establishedactive
SC659112 · ltd · incorporated 2020-04-14
Investment thesis
Unencumbered property vehicle — clean asset-backed target with refinance headroom.
Why interesting: Property-holding entity with no live charges; straightforward asset-backed case.
Why risky: Values depend on title and valuation; property-specific market exposure.
Why now
Window steady · low confidence
Asset base steady — strong defensive profile, no urgency cue.
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 Apr 2025
Net worth
£-7.2k
book net assets
Opportunity
72/100
Strong
🔔
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What this business does
Primary activity: Real estate agencies
Sector: Real estate
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 72/100 (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: Deleverage or restructure. Leverage at 100% of assets — consider sale of non-core assets or equity injection. Most likely exit: distressed disposal / insolvency (65/100).

Data confidence

Overall: high (80/100)

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

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
2 officers (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
4 connected companies via shared directors
57
Filing history
37 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
72/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
65
Adequate — check latest filings for context.
Acquirability
55
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
Negative net assets
Liabilities exceed assets by £7,170
High leverage
Liabilities are 100% of total assets
Leverage
100%
Liabilities / Total assets

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
-£7k
Current Assets
£410
Current Liabilities
—
-£7k-£6k-£4k-£3k-£1k£410Apr 2024Apr 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-04-302024-04-30
Total assets£410—
Current assets£410—
Net assets£-7.2k—
Average employees—200

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
0
filings
Last 90 days
0
filings
Last 180 days
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (23 events)Click to expand
  1. 2026-01-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-10-29
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  3. 2025-10-29
    📄
    change-person-director-company-with-change-date
    officers · CH01
  4. 2025-10-29
    📄
    change-person-director-company-with-change-date
    officers · CH01
  5. 2025-08-20
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  6. 2024-11-20
    📄
    change-person-director-company-with-change-date
    officers · CH01
  7. 2024-11-20
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  8. 2024-11-20
    📄
    change-person-director-company-with-change-date
    officers · CH01
  9. 2024-11-20
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  10. 2024-11-07
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2024-09-19
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  12. 2023-12-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2022-11-28
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  14. 2022-11-17
    📄
    change-person-director-company-with-change-date
    officers · CH01
  15. 2022-11-17
    📄
    change-person-director-company-with-change-date
    officers · CH01
  16. 2022-10-21
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  17. 2022-08-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  18. 2021-11-15
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  19. 2021-11-15
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  20. 2021-10-19
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  21. 2020-06-16
    ➕
    RITCHIE, Stephanie Katherine Allan appointed
    director
  22. 2020-04-14
    🏢
    Company incorporated
    As CBSR LTD
  23. 2020-04-14
    ➕
    BALL, Carl Stephen appointed
    director

Owner dependency

63/100
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.
  • +No director turnover: Company is 6 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

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

Shareholders & ownership

2 active beneficial owners · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Ms Stephanie Ritchie
Individual · British · DOB 01/1992 · age 34
25–50%
—25-50% shares27/08/2021
Mr Carl Stephen Ball
Individual · British · DOB 02/1989 · age 37
25–50%
75–100%board control75-100% shares · 75-100% voting · board control14/04/2020

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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£57.5k
£48.9k–£66.1k
—£57.5k—18y8360y
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
Incorporated2020-04-14
Jurisdictionscotland
Primary SIC68310 — Real estate agencies

Registered office

Unit 8 Rfl House
Anderson Street
Dunblane
FK15 9AJ
Scotland

Filing status

Accounts
Next due: 2027-01-31
Last made up to: 2025-04-30
Confirmation statement
Next due: 2026-11-29
Last: 2025-11-15

Officers (2 active · 0 resigned)

BALL, Carl Stephen→
director · ~37y · appointed 2020-04-14
View their other companies + combined net worth →
Active
RITCHIE, Stephanie Katherine Allan→
director · ~34y · appointed 2020-06-16
View their other companies + combined net worth →
Active

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

Recent filings (37 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2026-01-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-12-01
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-10-29
change-person-director-company-with-change-date
officers · CH01
2025-10-29
change-person-director-company-with-change-date
officers · CH01
2025-10-29
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-08-20
confirmation-statement-with-updates
confirmation-statement · CS01
2024-11-21
change-person-director-company-with-change-date
officers · CH01
2024-11-20
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-11-20
change-person-director-company-with-change-date
officers · CH01
2024-11-20
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-11-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-11-07
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-09-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-12
confirmation-statement-with-updates
confirmation-statement · CS01
2023-11-29