JIGSAW BIDCO LIMITED
🌿Early-stageactive
SC751959 · ltd · incorporated 2022-12-01
Investment thesis
Growth-phase business — story-led; valuation sensitive to momentum.
Why interesting: Trading is scaling; acquirers paying for trajectory get disproportionate leverage.
Why risky: Price often leads fundamentals; dependency on founder often high.
Why now
Window opening · medium confidence
More negotiable than before — 1 signals weakening over the last 30 days.
- · Hygiene score: 90 → 85
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
- · Oldest live charge 3.4y old — refinance window within 12 months
What changed my view
Last 30 days
Picture worsened over the last 30 days — 1 negative signal vs 0 positive.
- ↓Hygiene score: 90 → 85
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
—
not disclosed
Net worth
—
book net assets
Opportunity
74/100
Strong
What this business does
Primary activity: Activities of other holding companies n.e.c.
Sector: Financial & insurance
Investor take
PursueStrong opportunity: asset-holding vehicle with strong profile and acceptable with review structure.
Opportunity 74/100 (strong), bankability 70/100. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).
🏦
Refinance opportunity
5 live charges · 2 lenders · oldest 3.4y
60/100
clean up first
Refinance viable after a tidy-up — address the highlighted items first.
- · Charge age ~3.4 years — mid-life; refi window approaching.
- · Two lenders — manageable, but coordination required.
- · Legal-friction score 15/100 — clean.
Data confidence
Overall: medium (62/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Company profile
address, 1 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
5 charges (5/5 with lender, 5/5 with type)
90
Directors & officers
6 officers (4 active, 6 linked, 6 with DOB)
90
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
20 connected companies via shared directors
90
Filing history
29 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
74/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
60
Adequate — check latest filings for context.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.
Recent activity
Last 30 days
0
filings
Last 90 days
2
filings
- • 2 officers
Last 180 days
6
filings
- • 2 officers
- • 2 accounts
- • 2 other
Counts from Companies House filing history.
Corporate timeline (39 events)Click to expand
- 2026-06-10📄appoint-person-director-company-with-name-dateofficers · AP01
- 2026-06-10📄termination-director-company-with-name-termination-dateofficers · TM01
- 2026-06-01➕MCATEER, Daniel Gary appointeddirector
- 2026-05-29➖MCGINIGAL, Scott resigneddirector
- 2026-02-16📄accounts-with-accounts-type-audit-exemption-subsiduaryaccounts · AA
- 2026-02-16📄legacyaccounts · PARENT_ACC
- 2026-02-16📄legacyother · GUARANTEE2
- 2026-02-16📄legacyother · AGREEMENT2
- 2025-08-11➕MCGINIGAL, Scott appointeddirector
- 2025-08-11📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-04-24📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-04-24📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-04-17➕MORRISON, Geoffrey Elmslie, Mr. appointeddirector
- 2025-04-11➖ALLAN, Terry Michael resigneddirector
- 2024-11-29📄accounts-with-accounts-type-fullaccounts · AA
- 2024-10-18📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2024-10-18📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC05
- 2024-10-15📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-10-15📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-10-15📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-10-15🔓Charge satisfied #3
- 2024-10-15🔓Charge satisfied #2
- 2024-10-15🔓Charge satisfied #1
- 2024-10-14📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-10-11📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-10-03🔒Charge registered #5Lender: Hsbc Corporate Trustee Company (UK) Limited as Security Agent
- 2024-10-03🔒Charge registered #4Lender: Hsbc Corporate Trustee Company (UK) Limited (as Security Agent)
- 2024-01-09📄capital-allotment-sharescapital · SH01
- 2023-03-22📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC05
- 2023-03-22📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2023-03-15📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-02-15📄capital-allotment-sharescapital · SH01
- 2023-02-08➕ALLAN, Terry Michael appointeddirector
- 2023-02-08🔒Charge registered #3Lender: Hsbc Corporate Trustee Company (UK) Limited (as Security Agent)
- 2023-02-08🔒Charge registered #2Lender: Hsbc Corporate Trustee Company (UK) Limited (as Security Agent)
- 2023-02-08🔒Charge registered #1Lender: Hsbc Corporate Trustee Company (UK) Limited (as Security Agent)
- 2022-12-01🏢Company incorporatedAs JIGSAW BIDCO LIMITED
- 2022-12-01➕KERR, Adam Thomas appointeddirector
- 2022-12-01➕WELSH, Colin Ian appointeddirector
Owner dependency
55/100
Moderate — manageable with handoverSome founder dependency, but not acute. A structured handover period should cover most risk.
FACTORS
- -4 active directors: Broader management team in place — suggests transferable governance.
- +Founder age: Director aged approximately 67 — succession pressure is live.
Succession & seller-readiness
50/100
Moderate signalSome succession indicators present. Worth watching; approach if sector/strategy fits.
SIGNALS
- primaryFounder aged 63+: Senior director is approximately 67. Approaching typical UK retirement age — succession thinking likely.
Red flags
1 med ·Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
Jigsaw Topco Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Jigsaw Topco Limited
Corporate parent · holds 75-100% shares · board control
⬇
JIGSAW BIDCO LIMITED
This company · SC751959
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Jigsaw Topco Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 01/12/2022 |
1 historic (ceased) PSC
- Hsbc Corporate Trustee Company (Uk) Limitedceased 03/10/2024· 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 →Similar companies
Active · Holding company · AB postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| THE RUTLAND (EDINBURGH) LIMITED→ SC247306 · est 2003 | £6.24M £5.31M–£7.18M | — | £6.24M | — | 23y | 82 | 77y |
| DIRECTIONAL DRILLING DYNAMICS LIMITED→ SC119569 · est 1989 | £662.1k £562.8k–£761.4k | — | £662.1k | — | 36y | 81 | 74y |
| ABERDEEN MOTOR TRAWLERS LIMITED→ SC031156 · est 1955 | £564.5k £479.8k–£649.1k | — | £564.5k | — | 70y | 80 | 77y |
| HERD HOLDINGS LIMITED→ SC254945 · est 2003 | £236.6k £201.1k–£272.1k | — | £236.6k | — | 22y | 82 | 78y |
| THE DON FISHING COMPANY (TRAWLING) LIMITED→ SC133042 · est 1991 | £172.7k £146.8k–£198.6k | — | £172.7k | — | 34y | 82 | 77y |
| CULLEN HOUSE GARDENS LIMITED→ SC089719 · est 1984 | £20.1k £17.1k–£23.1k | — | £20.1k | — | 41y | 81 | 86y |
| WOOD & DAVIDSON LIMITED→ SC004296 · est 1899 | £11.3k £9.6k–£12.9k | — | £11.3k | — | 127y | 82 | 77y |
| ABERDEEN NEAR WATER TRAWLERS LIMITED→ SC033276 · est 1958 | £11.2k £9.6k–£12.9k | — | £11.2k | — | 67y | 80 | 77y |
| LONDON SHETLAND SECURITIES LIMITED→ SC192120 · est 1998 | £5.6k £4.8k–£6.5k | — | £5.6k | — | 27y | 82 | 69y |
| DON FISHING COMPANY (FRASERBURGH) LIMITED (THE)→ SC092365 · est 1985 | £2.0k £1.7k–£2.3k | — | £2.0k | — | 41y | 82 | 77y |
| BANFFSHIRE FISHSELLING COMPANY LIMITED→ SC054512 · est 1973 | £2 £2–£2 | — | £2 | — | 52y | 82 | 77y |
| ABERDEEN INSHORE ENGINEERING LIMITED→ SC042022 · est 1965 | £2 £2–£2 | — | £2 | — | 61y | 80 | 77y |
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.
See pricing →Company details
Statusactive
Typeltd
Incorporated2022-12-01
Jurisdictionscotland
Primary SIC64209 — Activities of other holding companies n.e.c.
Registered office
Blackwood House
Union Grove Lane
Aberdeen
AB10 6XU
Scotland
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-12-14
Last: 2025-11-30
Officers (4 active · 2 resigned)
KERR, Adam Thomas→
Activedirector · ~37y · appointed 2022-12-01
View their other companies + combined net worth →
MCATEER, Daniel Gary→
Activedirector · ~48y · appointed 2026-06-01
View their other companies + combined net worth →
MORRISON, Geoffrey Elmslie, Mr.→
Activedirector · ~46y · appointed 2025-04-17
View their other companies + combined net worth →
WELSH, Colin Ian→
Activedirector · ~67y · appointed 2022-12-01
View their other companies + combined net worth →
ALLAN, Terry Michael→
Resigneddirector · ~44y · appointed 2023-02-08 · resigned 2025-04-11
MCGINIGAL, Scott→
Resigneddirector · ~55y · appointed 2025-08-11 · resigned 2026-05-29
Click a director name to see their full track record across all companies.
Mortgages & charges
5
Total charges
2
Outstanding
1
Active lenders
Status:Lender:5 of 5 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | HSBC Hsbc Corporate Trustee Company (UK) Limited as Security Agent | A registered charge | — | 03/10/2024 | — | |
| outstanding | HSBC Hsbc Corporate Trustee Company (UK) Limited (as Security Agent) | A registered charge | — | 03/10/2024 | — | |
| satisfied | HSBC Hsbc Corporate Trustee Company (UK) Limited (as Security Agent) | A registered charge | — | 08/02/2023 | 15/10/2024 | |
| satisfied | HSBC Hsbc Corporate Trustee Company (UK) Limited (as Security Agent) | A registered charge | — | 08/02/2023 | 15/10/2024 | |
| satisfied | HSBC Hsbc Corporate Trustee Company (UK) Limited (as Security Agent) | A registered charge | — | 08/02/2023 | 15/10/2024 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (29 total)
appoint-person-director-company-with-name-date
officers · AP01
2026-06-10
termination-director-company-with-name-termination-date
officers · TM01
2026-06-10
accounts-with-accounts-type-audit-exemption-subsiduary
accounts · AA
2026-02-16
legacy
accounts · PARENT_ACC
2026-02-16
legacy
other · GUARANTEE2
2026-02-16
legacy
other · AGREEMENT2
2026-02-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-12-03
appoint-person-director-company-with-name-date
officers · AP01
2025-08-11
appoint-person-director-company-with-name-date
officers · AP01
2025-04-24
termination-director-company-with-name-termination-date
officers · TM01
2025-04-24
confirmation-statement-with-updates
confirmation-statement · CS01
2025-01-14
accounts-with-accounts-type-full
accounts · AA
2024-11-29
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-10-18
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2024-10-18
mortgage-satisfy-charge-full
mortgage · MR04
2024-10-15