BORDERS BUSES LTD
Opportunity 75/100 (strong), bankability 85/100. 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: share sale to pe / searcher (58/100).
Refinance opportunity
2 live charges · 2 lenders · oldest 17.6y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 17.6 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: high (80/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredKey financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Total assets | £1.23M | £1.29M |
| Current assets | £1.80M | £1.59M |
| Cash | £459.7k | £442.6k |
| Debtors | £1.27M | £1.05M |
| Net assets | £1.20M | £1.20M |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
3 signals 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
- • 1 confirmation-statement
- • 1 confirmation-statement
- • 1 accounts
Corporate timeline (32 events)Click to expand
- 2025-12-22📄accounts-with-accounts-type-smallaccounts · AA
- 2024-12-20📄accounts-with-accounts-type-smallaccounts · AA
- 2023-12-21📄accounts-with-accounts-type-smallaccounts · AA
- 2022-12-19📄change-account-reference-date-company-current-extendedaccounts · AA01
- 2022-09-26📄accounts-with-accounts-type-fullaccounts · AA
- 2021-09-17📄accounts-with-accounts-type-fullaccounts · AA
- 2021-01-06📄accounts-with-accounts-type-fullaccounts · AA
- 2019-10-01📄accounts-with-accounts-type-fullaccounts · AA
- 2018-12-05📍move-registers-to-registered-office-company-with-new-addressaddress · AD04
- 2018-12-05📍move-registers-to-registered-office-company-with-new-addressaddress · AD04
- 2018-09-24📄accounts-with-accounts-type-fullaccounts · AA
- 2017-10-04📄accounts-with-accounts-type-fullaccounts · AA
- 2017-02-10📄resolutionresolution · RESOLUTIONS
- 2016-11-04📄accounts-with-accounts-type-fullaccounts · AA
- 2016-04-04📄change-account-reference-date-company-current-shortenedaccounts · AA01
- 2016-02-22➕CRAIG, Colin Robert appointedsecretary
- 2016-02-22➕CRAIG, Colin Robert appointeddirector
- 2016-02-22➖PERRYMAN, Linda Margaret resignedsecretary
- 2016-02-22➖PERRYMAN, Linda Margaret resigneddirector
- 2016-02-22➖PERRYMAN, Richard John resigneddirector
- 2016-02-22🔓Charge satisfied #2
- 2016-02-22🔓Charge satisfied #1
- 2010-12-11🔒Charge registered #2Lender: Clydesdale Bank Asset Finance LTD
- 2008-08-28🔒Charge registered #1Lender: Bank of Scotland PLC
- 2007-12-06➖CREDITREFORM (SECRETARIES) LIMITED resignedcorporate-secretary
- 2007-12-06➖CREDITREFORM (DIRECTORS) LIMITED resignedcorporate-director
- 2007-12-05🏢Company incorporatedAs BORDERS BUSES LTD
- 2007-12-05➕PERRYMAN, Linda Margaret appointedsecretary
- 2007-12-05➕CREDITREFORM (SECRETARIES) LIMITED appointedcorporate-secretary
- 2007-12-05➕PERRYMAN, Linda Margaret appointeddirector
- 2007-12-05➕PERRYMAN, Richard John appointeddirector
- 2007-12-05➕CREDITREFORM (DIRECTORS) LIMITED appointedcorporate-director
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +Sole director: Only one active director — all governance concentrated on one person.
Succession & seller-readiness
Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- secondaryStable-but-static management: Company is 18 years old and no new directors in the last 3 years — succession not yet being planned internally.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
cleanGroup structure
Craig Of Campbeltown Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
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 |
|---|---|---|---|---|
Craig Of Campbeltown Limited Corporate entity | 75–100% | — | 75-100% shares | 06/04/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
See pricing →Similar companies
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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 →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
Registered office
Filing status
Officers (2 active · 5 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Virgin Money Clydesdale Bank Asset Finance LTD | Debenture | 1 property | 11/12/2010 | 22/02/2016 | |
| satisfied | Lloyds Banking Group Bank of Scotland PLC | Debenture | 1 property | 28/08/2008 | 22/02/2016 |