BALFOUR + MANSON LLP

💤Zombieactive

SO301386 · llp · incorporated 2007-06-08

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 closing · medium confidence

Getting harder to buy cheaply — 1 signals strengthening over the last 30 days.

· Hygiene score: 75 → 85

What changed my view

Last 30 days

Picture improved over the last 30 days — 1 positive signal vs 0 negative.

↑Hygiene score: 75 → 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

70/100

Strong

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

Investor take

Pursue

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

Opportunity 70/100 (strong), bankability 80/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 1 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (50/100).

🏦

Refinance opportunity

2 live charges · oldest 18.8y

45/100

under pressure

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

· Oldest live charge is 18.8 years old — likely at or near maturity.
· Single lender — cleanest path to refinance.
· Distress signals active — lender appetite narrows.

Data confidence

Overall: low (47/100)

Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.

Company profile

address, no SIC, incorporation date

Financials

No iXBRL financials extracted

Lenders & charges

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

Directors & officers

55 officers (19 active, 55 linked, 55 with DOB)

Ownership & PSC

No PSCs filed (unusual — worth investigating)

Director network

Network not yet resolved

Filing history

156 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

70/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Active, clean filings, stable charge profile.

Acquirability

Some acquirability indicators.

Risk profile

Few red flags.

Signal strength

Good data coverage for analysis.

Recent activity

Last 30 days

filings

Last 90 days

filings

Last 180 days

filings

• 1 officers
• 1 accounts

Counts from Companies House filing history.

Corporate timeline (119 events)Click to expand

2026-01-08
📄
termination-member-limited-liability-partnership-with-name-termination-date
officers · LLTM01
2026-01-06
📄
accounts-with-accounts-type-group
accounts · AA
2025-12-23
➖
NICHOL, Stephanie resigned
llp-member
2025-08-05
📄
appoint-person-member-limited-liability-partnership-with-appointment-date
officers · LLAP01
2025-08-05
📄
termination-member-limited-liability-partnership-with-name-termination-date
officers · LLTM01
2025-07-31
➖
MOTION, Elaine Joyce resigned
llp-designated-member
2025-07-01
➕
TORRANCE, Catriona Alice appointed
llp-member
2025-06-09
📄
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2025-06-09
📄
termination-member-limited-liability-partnership-with-name-termination-date
officers · LLTM01
2025-05-30
➖
ZAK, Stephanie Francesca resigned
llp-member
2025-01-21
📄
second-filing-of-member-termination-with-name
officers · RP04LLTM01
2024-12-31
📄
accounts-with-accounts-type-group
accounts · AA
2024-11-05
📄
termination-member-limited-liability-partnership-with-name-termination-date
officers · LLTM01
2024-10-31
➖
MCINTOSH, David Stewart resigned
llp-member
2024-07-29
📄
termination-member-limited-liability-partnership-with-name-termination-date
officers · LLTM01
2024-07-29
📄
termination-member-limited-liability-partnership-with-name-termination-date
officers · LLTM01
2024-07-26
➖
BROWN, Shona resigned
llp-member
2024-06-28
➖
SMITH, Shona Houston resigned
llp-designated-member
2024-06-12
📄
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2024-04-09
➕
LAWSON, Greg Scott appointed
llp-member
2024-04-09
➕
MCKAY, Amy Louise appointed
llp-member
2024-04-09
📄
appoint-person-member-limited-liability-partnership-with-appointment-date
officers · LLAP01
2024-04-09
📄
appoint-person-member-limited-liability-partnership-with-appointment-date
officers · LLAP01
2024-03-15
📄
change-account-reference-date-limited-liability-partnership-current-extended
accounts · LLAA01
2023-12-27
📄
termination-member-limited-liability-partnership-with-name-termination-date
officers · LLTM01
2023-12-26
➖
WALKER, Martin David resigned
llp-member
2023-11-08
📄
appoint-person-member-limited-liability-partnership-with-appointment-date
officers · LLAP01
2023-11-08
📄
appoint-person-member-limited-liability-partnership-with-appointment-date
officers · LLAP01
2023-11-08
📄
appoint-person-member-limited-liability-partnership-with-appointment-date
officers · LLAP01
2023-11-01
➕
LITTLEFAIR, Peter James appointed
llp-member
2023-11-01
➕
WALLACE, William appointed
llp-member
2023-09-18
➕
BAIN, Daniel Clark appointed
llp-member
2023-07-23
📄
termination-member-limited-liability-partnership-with-name-termination-date
officers · LLTM01
2023-07-19
📄
accounts-with-accounts-type-group
accounts · AA
2023-07-14
➖
MUIRS, Fiona Kirsty resigned
llp-member
2023-07-03
📄
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2023-06-01
📄
termination-member-limited-liability-partnership-with-name-termination-date
officers · LLTM01
2023-05-31
➖
GILFILLAN, Alan Robert John resigned
llp-member
2023-03-15
📄
appoint-person-member-limited-liability-partnership-with-appointment-date
officers · LLAP01
2023-03-08
➕
MAYBERRY, Simon Jonathan Ross appointed
llp-member
2023-02-01
📄
termination-member-limited-liability-partnership-with-name-termination-date
officers · LLTM01
2023-01-31
➖
HOLLAND, Robert Andrew resigned
llp-designated-member
2023-01-27
➖
ANGUS, Hugh Donald Walter resigned
llp-member
2023-01-01
➕
NICHOL, Stephanie appointed
llp-member
2022-11-30
➖
PHILLIPS, Karen Elizabeth resigned
llp-member
2022-11-01
➕
GUTHRIE, Michaela Jill appointed
llp-member
2021-10-31
➖
FLINT, David Ronald George resigned
llp-member
2021-06-30
➖
MILNE, Alastair Robert resigned
llp-member
2021-01-01
➕
THOMSON, Graeme Henry appointed
llp-member
2021-01-01
➕
WALKER, Martin David appointed
llp-member

Showing most recent 50 of 119 events

Owner dependency

50/100

Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

Succession & seller-readiness

30/100

Weak signal

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

Red flags

1 med ·

2 director resignations in last 12 months

medium

Multiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.

Evidence: MOTION, Elaine Joyce resigned 2025-07-31; NICHOL, Stephanie resigned 2025-12-23

Similar companies

Active · same sector · EH postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
ELGIN INFRASTRUCTURE LIMITED→ SC366432 · est 2009	£50.96M £38.22M–£63.70M	—	—	0	16y	94	64y
MAXI CONSTRUCTION LIMITED→ SC048718 · est 1971	£9.09M £6.50M–£11.69M	—	—	40	55y	88	82y
JOHN G. MACKINTOSH LIMITED→ SC281061 · est 2005	£6.96M £4.97M–£8.95M	—	—	241	21y	88	66y
SEEBYTE LIMITED→ SC194014 · est 1999	£6.84M £4.88M–£8.79M	£10.82M	—	8800	27y	92	61y
DISCOVERY EDUCATION PLC→ SC313681 · est 2006	£4.97M £3.73M–£6.22M	—	—	0	19y	90	61y
STONEHOUSE HOSPITALS LIMITED→ SC251033 · est 2003	£706.3k £508.5k–£904.0k	—	—	0	23y	92	64y
APF INTERNATIONAL FOREST MACHINERY EXHIBITION LTD.→ SC228249 · est 2002	£278.2k £214.0k–£342.4k	—	—	500	24y	95	79y
M&F FUNERAL SERVICES LIMITED→ SC365033 · est 2009	£273.1k £204.9k–£341.4k	—	—	11	16y	88	61y
APS GROUP (SCOTLAND) LIMITED→ SC369510 · est 2009	£227.4k £170.5k–£284.2k	—	—	127	16y	88	61y
ORIGIN FITNESS LIMITED→ SC339149 · est 2008	£72.4k £54.3k–£90.5k	—	—	57	18y	98	59y
HORIZON (GP) LIMITED→ SC493523 · est 2014	£45.2k £33.3k–£57.1k	—	—	6	11y	95	66y
DATS - DESIGN AND TRAINING SOLUTIONS LTD→ SC441708 · est 2013	£1.5k £1.1k–£1.9k	£81.2k	—	100	13y	100	59y

Peers ranked by estimated value, then turnover, then opportunity score.See all →

🔒Tailored diligence questions

6 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

Typellp

Incorporated2007-06-08

Jurisdictionscotland

Primary SIC—

Registered office

56-66 Frederick Street

Edinburgh

EH2 1LS

Scotland

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-31

Confirmation statement

Next due: 2026-06-22

Last: 2025-06-08