BGM DEVELOPMENTS (SCOTLAND) LIMITED

💤Zombieactive

SC777500 · ltd · incorporated 2023-07-31

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.

Why now

Window steady · high confidence

Thesis has shifted recently — watch for confirmation.

· Lifecycle stage: early → zombie
· Investment thesis: property_refinance → zombie_hold
· Refinance opportunity: too_messy → under_pressure

Opportunity decay

drifting distress · 6-months

Drifting toward distress — expect more negotiability in 3–6 months, but also more friction.

· Lifecycle stage drifting downward
· Currently "zombie"

What changed my view

Last 30 days

Picture worsened over the last 30 days — 2 negative signals vs 0 positive.

↓Lifecycle stage: early → zombie
·Investment thesis: property_refinance → zombie_hold
↓Refinance opportunity: too_messy → under_pressure

Last 90 days

Picture worsened over the last 90 days — 2 negative signals vs 0 positive.

↓Lifecycle stage: early → zombie
·Investment thesis: property_refinance → zombie_hold
↓Refinance opportunity: too_messy → under_pressure

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Jul 2025

Net worth

£-19.8k

book net assets

Opportunity

72/100

Strong

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch

What this business does

Primary activity: Buying and selling of own real estate

Sector: Real estate

ALSO REGISTERED FOR

68209Other letting and operating of own or leased real estate

Investor take

Pass (distressed without resilience)

Distressed property-backed borrower — structural issues outweigh the discount.

Opportunity 72/100 (strong), bankability 70/100. 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: distressed disposal / insolvency (65/100).

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 1.5y

0/100

under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

· Newest facility, 1.5 years old — likely still in initial term.
· Two lenders — manageable, but coordination required.
· Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (77/100)

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

2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed

Lenders & charges

2 charges (2/2 with lender, 2/2 with type)

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

9 filings

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

72/100Strong

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

100

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared

Negative net assets

Liabilities exceed assets by £19,808

Net assets shrinking

Down £19,908 YoY

Cash YoY

+35674%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£36k

↑ 35674% YoY

Net Worth

-£20k

↓ 19908% YoY

Current Assets

—

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2025-07-31	2024-07-31
Total assets	£56.7k	£100
Cash	£35.8k	£100
Net assets	£-19.8k	£100

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

filings

Last 90 days

filings

Last 180 days

filings

Counts from Companies House filing history.

Corporate timeline (10 events)Click to expand

2026-01-29
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-12
📄
change-person-director-company-with-change-date
officers · CH01
2025-02-03
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-02-03
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-01-28
🔒
Charge registered #2
Lender: The Mortgage Works (UK) PLC
2025-01-28
🔒
Charge registered #1
Lender: Mortgage Works (UK)
2024-11-28
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-07-31
🏢
Company incorporated
As BGM DEVELOPMENTS (SCOTLAND) LIMITED
2023-07-31
➕
MCTEAR, Barrie Gerard appointed
director
2023-07-31
📄
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

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 Barrie Gerard Mctear Individual · British · DOB 04/1974 · age 52	75–100%	75–100%	board control75-100% shares · 75-100% voting · board control	31/07/2023

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

Similar companies

Active · Property · ML postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
BERMAR PROPERTIES (SCOTLAND) LIMITED→ SC162059 · est 1995	£1.34M £1.13M–£1.54M	—	£1.34M	—	30y	82	86y
THORNIEWOOD PROPERTIES LIMITED→ SC157021 · est 1995	£1.11M £940.7k–£1.27M	—	£1.11M	—	31y	82	70y
HOPE STREET INVESTMENTS LIMITED→ SC183228 · est 1998	£662.4k £563.0k–£761.7k	—	£662.4k	—	28y	83	72y
ALMADA DEVELOPMENTS LTD.→ SC228289 · est 2002	£644.5k £547.8k–£741.1k	—	£644.5k	—	24y	82	60y
ACFORM INVESTMENTS LIMITED→ SC336660 · est 2008	£332.7k £282.8k–£382.6k	—	£332.7k	—	18y	83	61y
BELLSHILL METAL WORKS (GLASGOW) LIMITED→ SC026908 · est 1949	£263.0k £223.5k–£302.4k	—	£263.0k	—	77y	82	68y
LESMAHAGOW LAND AND PROPERTY COMPANY LIMITED→ SC196694 · est 1999	£252.1k £214.2k–£289.9k	—	£252.1k	—	27y	82	78y
EMPIRE STATE LIMITED→ SC336178 · est 2008	£218.9k £186.1k–£251.8k	—	£218.9k	—	18y	82	67y
BIRNAM DEVELOPMENTS LIMITED→ SC231140 · est 2002	£175.7k £149.3k–£202.1k	—	£175.7k	—	24y	82	71y
PHILIP FREEMAN PROPERTIES LIMITED→ SC245574 · est 2003	£159.2k £135.4k–£183.1k	—	£159.2k	—	23y	82	85y
MARKETING SERVICES (SCOTLAND) LIMITED→ SC241331 · est 2002	£142.4k £121.1k–£163.8k	—	£142.4k	—	23y	83	63y
R & R PROPERTY DEVELOPMENTS LTD.→ SC214069 · est 2000	£131.8k £112.0k–£151.5k	—	£131.8k	—	25y	82	61y

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

Incorporated2023-07-31

Jurisdictionscotland

Primary SIC68100 — Buying and selling of own real estate

Registered office

Oakfield House 376-378 Brandon Street

Motherwell

ML1 1XA

Scotland

Filing status

Accounts

Next due: 2027-04-30

Last made up to: 2025-07-31

Confirmation statement

Next due: 2026-12-23

Last: 2025-12-09

Officers (1 active · 0 resigned)

MCTEAR, Barrie Gerard→

director · ~52y · appointed 2023-07-31

View their other companies + combined net worth →

Active

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:2 of 2 shown

			Type	Properties
	outstanding	The Mortgage Works (UK) The Mortgage Works (UK) PLC	A registered charge	1 property	28/01/2025	—
	outstanding	Mortgage Works (UK)	A registered charge	1 property	28/01/2025	—

Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (9 total)

accounts-with-accounts-type-total-exemption-full

accounts · AA

2026-01-29

confirmation-statement-with-no-updates

confirmation-statement · CS01

2025-12-12

change-person-director-company-with-change-date

officers · CH01

2025-12-12

mortgage-create-with-deed-with-charge-number-charge-creation-date

mortgage · MR01

2025-02-03

mortgage-create-with-deed-with-charge-number-charge-creation-date

mortgage · MR01

2025-02-03

confirmation-statement-with-updates

confirmation-statement · CS01

2024-12-09

accounts-with-accounts-type-total-exemption-full

accounts · AA

2024-11-28

confirmation-statement-with-no-updates

confirmation-statement · CS01

2024-07-30

incorporation-company

incorporation · NEWINC

2023-07-31