BTS INDUSTRIAL LETTINGS LIMITED

🌿Early-stageactive

SC795056 · ltd · incorporated 2024-01-12

Investment thesis

Unencumbered property vehicle — clean asset-backed target with refinance headroom.

Why interesting: Property-holding entity with no live charges; straightforward asset-backed case.

Why risky: Values depend on title and valuation; property-specific market exposure.

Why now

Window steady · low confidence

Asset base steady — strong defensive profile, no urgency cue.

What changed my view

Last 30 days

No material changes in the last 30 days.

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

—

year to Jan 2025

Net worth

—

book net assets

Opportunity

71/100

Strong

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

What this business does

Primary activity: Other letting and operating of own or leased real estate

Sector: Real estate

Investor take

Pursue

Strong opportunity: active trading company with strong profile and acceptable with review structure.

Opportunity 71/100 (strong), bankability 70/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (58/100).

Data confidence

Overall: medium (71/100)

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

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

Lenders & charges

Confirmed no charges registered

Directors & officers

2 officers (2 active, 2 linked, 2 with DOB)

Ownership & PSC

2 active PSC(s) of 2 total, 2 with control declared

Director network

1 connected companies via shared directors

Filing history

4 filings

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.

Key financials

1 year extracted from filed iXBRL accounts

Cash

—

Net Worth

—

Current Assets

—

Current Liabilities

—

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2025-01-31
Average employees	0

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

filing

• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (5 events)Click to expand

2025-07-03
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2024-01-12
🏢
Company incorporated
As BTS INDUSTRIAL LETTINGS LIMITED
2024-01-12
➕
FRASER, Callum Scott Sheridan appointed
director
2024-01-12
➕
GRANT, Neil Edward appointed
director
2024-01-12
📄
incorporation-company
incorporation · NEWINC

Owner dependency

63/100

High — earn-out structure required

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

FACTORS

+Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
+Young company: Only 2.5 years old — management layer unlikely to be developed.

Succession & seller-readiness

36/100

Weak signal

Limited succession signal. Not a near-term off-market candidate.

SIGNALS

secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

Red flags

clean

No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Group structure

Surv5 Limited holds 25-50% — a significant corporate investor but not a controlling parent.

🏛️

Surv5 Limited

Corporate parent · holds 25-50% shares

significant stake

⬇

BTS INDUSTRIAL LETTINGS LIMITED

This company · SC795056

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

2 active beneficial owners

Name	Shares	Voting rights	Nature of control	Notified
Surv5 Limited Corporate entity	25–50%	25–50%	25-50% shares · 25-50% voting	12/01/2024
Mr Callum Scott Sheridan Fraser Individual · Scottish · DOB 07/1998 · age 28	25–50%	25–50%	25-50% shares · 25-50% voting	12/01/2024

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 · Property · ZE postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
MARK DUNCAN DEVELOPMENTS LIMITED→ SC318791 · est 2007	£710.9k £604.3k–£817.6k	—	£710.9k	—	19y	77	54y
LEAGARTH ESTATES LIMITED→ SC032734 · est 1957	£555.6k £472.3k–£639.0k	—	£555.6k	—	68y	81	71y
ENERGY ISLES LIMITED→ SC466337 · est 2013	£478.0k £406.3k–£549.7k	—	£478.0k	—	12y	75	71y
NORDHUS DEVELOPMENTS (SHETLAND) LIMITED→ SC207333 · est 2000	£324.2k £275.5k–£372.8k	—	£324.2k	—	26y	75	54y
SHETLAND FREEZER HOLDINGS LIMITED→ SC141526 · est 1992	£246.6k £209.6k–£283.6k	—	£246.6k	—	33y	82	72y
SHETLAND PROPERTY RENTALS LTD→ SC458133 · est 2013	£126.5k £107.6k–£145.5k	—	£126.5k	—	12y	79	59y
EID DEVELOPMENTS LTD.→ SC274955 · est 2004	£59.0k £50.1k–£67.8k	—	£59.0k	—	21y	80	64y
M.I.A. (PROPERTIES) LIMITED→ SC233583 · est 2002	£51.0k £43.4k–£58.7k	—	£51.0k	—	23y	82	69y
G & E PROPERTIES (SHETLAND) LTD→ SC642636 · est 2019	£21.7k £18.4k–£24.9k	—	£21.7k	—	6y	79	59y
NORTHERN ROCK PROPERTIES LIMITED→ SC526769 · est 2016	£7.6k £6.4k–£8.7k	—	£7.6k	—	10y	78	58y
NORTH YELL DEVELOPMENT COUNCIL→ SC245227 · est 2003 · no financials extracted	—	—	—	—	23y	83	75y
IRVINE ENTERPRISES SHETLAND LIMITED→ SC136867 · est 1992	—	—	—	500	34y	82	64y

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 →

🔒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

Incorporated2024-01-12

Jurisdictionscotland

Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

5 Anderson Road

Lerwick

Shetland

ZE1 0HP

Scotland

Filing status

Accounts

Next due: 2026-10-31

Last made up to: 2025-01-31

Confirmation statement

Next due: 2027-01-25

Last: 2026-01-11

Officers (2 active · 0 resigned)

FRASER, Callum Scott Sheridan→

director · ~28y · appointed 2024-01-12

View their other companies + combined net worth →

Active

GRANT, Neil Edward→

director · ~47y · appointed 2024-01-12

View their other companies + combined net worth →

Active

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

Recent filings (4 total)

confirmation-statement-with-no-updates

confirmation-statement · CS01

2026-03-24

accounts-with-accounts-type-micro-entity

accounts · AA

2025-07-03

confirmation-statement-with-no-updates

confirmation-statement · CS01

2025-01-15

incorporation-company

incorporation · NEWINC

2024-01-12