BAIN SERVICES LTD

💤Zombieactive
SC660925 · ltd · incorporated 2020-05-11
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 May 2024
Net worth
book net assets
Opportunity
62/100
Worth a look
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What this business does
Primary activity: SIC 46770
Sector: Wholesale & retail
ALSO REGISTERED FOR
  • 73120Media representation services
  • 77110Renting and leasing of cars and light motor vehicles
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 62/100 (worth a look), bankability 55/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: share sale to pe / searcher (38/100).

Data confidence

Overall: high (81/100)

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

Company profile
address, 3 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 (1 active, 2 linked, 2 with DOB)
90
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
7 connected companies via shared directors
66
Filing history
18 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
62/100Worth a look
PassWatchWorth a lookStrongExceptional 

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

Business quality
50
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
90
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
Current Assets
Current Liabilities
£0£0£0£0£0£0May 2023May 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-05-312023-05-31

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 gazette
Last 90 days
1
filing
  • 1 gazette
Last 180 days
1
filing
  • 1 gazette
Counts from Companies House filing history.
Corporate timeline (15 events)Click to expand
  1. 2026-04-28
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  2. 2025-10-09
    RASHID, Asam appointed
    director
  3. 2025-10-09
    BAIN, Stewart resigned
    director
  4. 2025-10-09
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  5. 2025-10-09
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  6. 2025-10-09
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  7. 2025-10-09
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  8. 2025-07-07
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  9. 2024-04-17
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  10. 2023-04-19
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  11. 2022-03-10
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  12. 2022-01-20
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  13. 2020-05-11
    🏢
    Company incorporated
    As BAIN SERVICES LTD
  14. 2020-05-11
    BAIN, Stewart appointed
    director
  15. 2020-05-11
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

75/100
High — earn-out structure required

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

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.

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

1 high ·
Accounts overdue
high

Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.

Evidence: Next due: 2026-02-28

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr Asam Rashid
Individual · British · DOB 11/1976 · age 50
sig. influencesignificant influence09/10/2025
1 historic (ceased) PSC
  • Stewart Bainceased 09/10/2025· 75-100% shares

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

9 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
Incorporated2020-05-11
Jurisdictionscotland
Primary SIC46770 — SIC 46770

Registered office

1625 Great Western Road
Glasgow
G13 1LT
Scotland

Filing status

Accounts
Next due: 2026-02-28OVERDUE
Last made up to: 2024-05-31
Confirmation statement
Next due: 2026-07-21
Last: 2025-07-07

Officers (1 active · 1 resigned)

RASHID, Asam
director · ~50y · appointed 2025-10-09
View their other companies + combined net worth →
Active
BAIN, Stewart
director · ~62y · appointed 2020-05-11 · resigned 2025-10-09
Resigned

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

Recent filings (18 total)

gazette-notice-compulsory
gazette · GAZ1
2026-04-28
termination-director-company-with-name-termination-date
officers · TM01
2025-10-09
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-10-09
appoint-person-director-company-with-name-date
officers · AP01
2025-10-09
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2025-10-09
confirmation-statement-with-updates
confirmation-statement · CS01
2025-07-07
accounts-with-accounts-type-dormant
accounts · AA
2025-07-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-19
accounts-with-accounts-type-dormant
accounts · AA
2024-04-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-07-27
accounts-with-accounts-type-dormant
accounts · AA
2023-04-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-05-27
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-03-10
accounts-with-accounts-type-dormant
accounts · AA
2022-01-20