WBH PROJECTS LTD

💤Zombieactive

SC687681 · ltd · incorporated 2021-02-01

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 Feb 2025

Net worth

£16.7k

book net assets

Opportunity

71/100

Strong

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What this business does

Primary activity: Development of building projects

Sector: Construction

ALSO REGISTERED FOR

41202Construction of domestic buildings

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: medium (70/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile

address, 2 SIC codes, incorporation date

100

Financials

1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed

Lenders & charges

Confirmed no charges registered

Directors & officers

1 officers (1 active, 1 linked, 1 with DOB)

Ownership & PSC

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

Director network

Network not yet resolved

Filing history

13 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

71/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Adequate — check latest filings for context.

Acquirability

Some acquirability indicators.

Risk profile

Few red flags.

Signal strength

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared

Positive net assets

Net assets £16,744

Key financials

1 year extracted from filed iXBRL accounts

Cash

—

Net Worth

£17k

Current Assets

£100k

Current Liabilities

—

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2025-02-28
Total assets	£115.3k
Current assets	£100.0k
Net assets	£16.7k

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

Recent activity

Last 30 days

filings

Last 90 days

filings

Last 180 days

filings

• 1 confirmation-statement
• 1 accounts

Counts from Companies House filing history.

Corporate timeline (10 events)Click to expand

2025-11-30
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2024-11-07
📄
accounts-amended-with-accounts-type-micro-entity
accounts · AAMD
2024-05-09
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2023-11-28
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2023-05-11
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-11-01
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2022-03-07
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2021-02-01
🏢
Company incorporated
As WBH PROJECTS LTD
2021-02-01
➕
MILLER, Warren appointed
director
2021-02-01
📄
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 5 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%

Name	Shares	Voting rights	Nature of control	Notified
Mr Warren Miller Individual · British · DOB 04/1984 · age 42	75–100%	75–100%	75-100% shares · 75-100% voting	01/02/2021

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	22y	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	£15.71M £11.22M–£20.20M	—	—	55400	50y	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
VEITCHI INTERIORS LIMITED→ SC042401 · est 1965	£3.00M £2.15M–£3.86M	—	—	53	60y	87	61y
WESTPOINT CONSTRUCTION COMPANY (SCOTLAND) LTD→ SC101441 · est 1986	£968.2k £691.5k–£1.24M	—	—	66	39y	85	70y
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
ALGAS MEDICAL INSTALLATIONS LIMITED→ SC284549 · est 2005	—	—	—	2200	21y	83	70y

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 →

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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

Incorporated2021-02-01

Jurisdictionscotland

Primary SIC41100 — Development of building projects

Registered office

15 Newton Terrace

Glasgow

G3 7PJ

Scotland

Filing status

Accounts

Next due: 2026-11-30

Last made up to: 2025-02-28

Confirmation statement

Next due: 2027-02-14

Last: 2026-01-31

Officers (1 active · 0 resigned)

MILLER, Warren→

director · ~42y · appointed 2021-02-01

View their other companies + combined net worth →

Active

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

Recent filings (13 total)

confirmation-statement-with-no-updates

confirmation-statement · CS01

2026-02-16

accounts-with-accounts-type-micro-entity

accounts · AA

2025-11-30

confirmation-statement-with-updates

confirmation-statement · CS01

2025-02-28

accounts-amended-with-accounts-type-micro-entity

accounts · AAMD

2024-11-07

accounts-with-accounts-type-micro-entity

accounts · AA

2024-05-09

confirmation-statement-with-no-updates

confirmation-statement · CS01

2024-02-13

accounts-with-accounts-type-micro-entity

accounts · AA

2023-11-28

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

address · AD01

2023-05-11

confirmation-statement-with-no-updates

confirmation-statement · CS01

2023-02-17

accounts-with-accounts-type-micro-entity

accounts · AA

2022-11-01

confirmation-statement-with-no-updates

confirmation-statement · CS01

2022-03-25

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

address · AD01

2022-03-07

incorporation-company

incorporation · NEWINC

2021-02-01