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.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 3.2y old — refinance window within 12 months
🔒Estimated value
Upgrade to see
Turnover
not disclosed
Net worth
book net assets
Opportunity
74/100
Strong
🔔
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What this business does
Primary activity: Activities of other holding companies n.e.c.
Sector: Financial & insurance
Investor take
Pursue
Strong 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 3.2y

60/100
clean up first

Refinance viable after a tidy-up — address the highlighted items first.

  • · Charge age ~3.2 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
5 officers (4 active, 5 linked, 5 with DOB)
90
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
19 connected companies via shared directors
90
Filing history
27 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
4
filings
  • 2 accounts
  • 2 other
Last 180 days
5
filings
  • 2 accounts
  • 2 other
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (37 events)Click to expand
  1. 2026-02-16
    📄
    accounts-with-accounts-type-audit-exemption-subsiduary
    accounts · AA
  2. 2026-02-16
    📄
    legacy
    accounts · PARENT_ACC
  3. 2026-02-16
    📄
    legacy
    other · GUARANTEE2
  4. 2026-02-16
    📄
    legacy
    other · AGREEMENT2
  5. 2025-08-11
    MCGINIGAL, Scott appointed
    director
  6. 2025-08-11
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  7. 2025-04-24
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  8. 2025-04-24
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  9. 2025-04-17
    MORRISON, Geoffrey Elmslie, Mr. appointed
    director
  10. 2025-04-11
    ALLAN, Terry Michael resigned
    director
  11. 2024-11-29
    📄
    accounts-with-accounts-type-full
    accounts · AA
  12. 2024-10-18
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  13. 2024-10-18
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  14. 2024-10-15
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  15. 2024-10-15
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  16. 2024-10-15
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  17. 2024-10-15
    🔓
    Charge satisfied #3
  18. 2024-10-15
    🔓
    Charge satisfied #2
  19. 2024-10-15
    🔓
    Charge satisfied #1
  20. 2024-10-14
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  21. 2024-10-11
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  22. 2024-10-03
    🔒
    Charge registered #5
    Lender: Hsbc Corporate Trustee Company (UK) Limited as Security Agent
  23. 2024-10-03
    🔒
    Charge registered #4
    Lender: Hsbc Corporate Trustee Company (UK) Limited (as Security Agent)
  24. 2024-01-09
    📄
    capital-allotment-shares
    capital · SH01
  25. 2023-03-22
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  26. 2023-03-22
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  27. 2023-03-15
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  28. 2023-02-15
    📄
    capital-allotment-shares
    capital · SH01
  29. 2023-02-10
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  30. 2023-02-10
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  31. 2023-02-08
    ALLAN, Terry Michael appointed
    director
  32. 2023-02-08
    🔒
    Charge registered #3
    Lender: Hsbc Corporate Trustee Company (UK) Limited (as Security Agent)
  33. 2023-02-08
    🔒
    Charge registered #2
    Lender: Hsbc Corporate Trustee Company (UK) Limited (as Security Agent)
  34. 2023-02-08
    🔒
    Charge registered #1
    Lender: Hsbc Corporate Trustee Company (UK) Limited (as Security Agent)
  35. 2022-12-01
    🏢
    Company incorporated
    As JIGSAW BIDCO LIMITED
  36. 2022-12-01
    KERR, Adam Thomas appointed
    director
  37. 2022-12-01
    WELSH, Colin Ian appointed
    director

Owner dependency

55/100
Moderate — manageable with handover

Some 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 signal

Some 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
medium

Multiple 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.

🏛️
Jigsaw Topco Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
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%
NameSharesVoting rightsNature of controlNotified
Jigsaw Topco Limited
Corporate entity
75100%
75–100%board control75-100% shares · 75-100% voting · board control01/12/2022
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 →

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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.

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 · 1 resigned)

KERR, Adam Thomas
director · ~37y · appointed 2022-12-01
View their other companies + combined net worth →
Active
MCGINIGAL, Scott
director · ~55y · appointed 2025-08-11
View their other companies + combined net worth →
Active
MORRISON, Geoffrey Elmslie, Mr.
director · ~46y · appointed 2025-04-17
View their other companies + combined net worth →
Active
WELSH, Colin Ian
director · ~67y · appointed 2022-12-01
View their other companies + combined net worth →
Active
ALLAN, Terry Michael
director · ~44y · appointed 2023-02-08 · resigned 2025-04-11
Resigned

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
TypeProperties
outstanding
HSBC
Hsbc Corporate Trustee Company (UK) Limited as Security Agent
A registered charge03/10/2024
outstanding
HSBC
Hsbc Corporate Trustee Company (UK) Limited (as Security Agent)
A registered charge03/10/2024
satisfied
HSBC
Hsbc Corporate Trustee Company (UK) Limited (as Security Agent)
A registered charge08/02/202315/10/2024
satisfied
HSBC
Hsbc Corporate Trustee Company (UK) Limited (as Security Agent)
A registered charge08/02/202315/10/2024
satisfied
HSBC
Hsbc Corporate Trustee Company (UK) Limited (as Security Agent)
A registered charge08/02/202315/10/2024
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (27 total)

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
mortgage-satisfy-charge-full
mortgage · MR04
2024-10-15
mortgage-satisfy-charge-full
mortgage · MR04
2024-10-15