BK REALISATIONS LIMITED

🌳Matureactive

SC050240 · ltd · incorporated 1972-03-30

Investment thesis

Looks cheap but ownership + security both unclear — probable value trap.

Why interesting: Headline metrics may be attractive.

Why risky: No PSC visibility combined with multiple live charges; transacting likely slow and expensive.

Why now

Window steady · low confidence

Stable recent picture — watch for any upcoming trigger event.

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

—

not disclosed

Net worth

—

book net assets

Opportunity

44/100

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What this business does

Primary activity: SIC 2873

Sector: Manufacturing

Investor take

Pass (distressed without resilience)

Distressed admin-neglect survivor — structural issues outweigh the discount.

Opportunity 44/100 (watch), bankability 2/100. High owner-dependency — earn-out structure likely required for clean transition. Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: asset disposal / carve-out (80/100). Current lenders should be on immediate intervention.

🏦

Refinance opportunity

14 live charges · 10 lenders · oldest 54.0y

25/100

too messy

Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.

· Oldest live charge is 54.0 years old — likely at or near maturity.
· 10 lenders named — inter-creditor friction likely.
· Legal-friction score 75/100 (specialist).

Data confidence

Overall: low (47/100)

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

Company profile

address, 1 SIC codes, incorporation date

100

Financials

No iXBRL financials extracted

Lenders & charges

14 charges (14/14 with lender, 14/14 with type)

Directors & officers

28 officers (7 active, 28 linked, 26 with DOB)

Ownership & PSC

No PSCs filed (unusual — worth investigating)

Director network

Network not yet resolved

Filing history

130 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

44/100Watch

PassWatchWorth a lookStrongExceptional

Not actionable now, but monitor — distressed, succession, or structural changes could flip this into a real opportunity.

Business quality

Concerning — overdue filings or status flags present.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Multiple red flags — proceed with caution.

Signal strength

100

Good data coverage for analysis.

Recent activity

Last 30 days

filings

Last 90 days

filings

Last 180 days

filings

Counts from Companies House filing history.

Corporate timeline (93 events)Click to expand

2025-07-08
📄
court-order
miscellaneous · OC-DV
2016-07-26
📄
gazette-dissolved-compulsory
gazette · GAZ2
2016-03-08
📄
gazette-notice-compulsory
gazette · GAZ1
2016-03-01
📄
termination-secretary-company-with-name-termination-date
officers · TM02
2015-05-16
⚠️
liquidation-receiver-ceasing-to-act-scotland
insolvency · 3(Scot)
2009-11-19
⚠️
liquidation-receiver-ceasing-to-act-scotland
insolvency · 3(Scot)
2003-12-15
➖
HALL, George James resigned
secretary
2002-04-10
⚠️
liquidation-receiver-receivers-report-scotland
insolvency · 3.5(Scot)
2002-03-13
✏️
certificate-change-of-name-company
change-of-name · CERTNM
2002-01-10
⚠️
liquidation-receiver-appointment-of-receiver-scotland
insolvency · 1(Scot)
2002-01-07
📍
legacy
address · 287
2001-12-17
📄
legacy
officers · 288b
2001-10-30
📄
legacy
officers · 288b
2001-10-12
➖
GRANT, Alexander James resigned
director
2001-10-12
📄
legacy
officers · 288b
2001-09-06
➖
WILSON, Derek Balfour resigned
director
2001-06-01
📄
legacy
officers · 288a
2001-05-29
➕
BOND, Nick appointed
director
2001-05-10
📄
legacy
officers · 288b
2001-05-09
📄
legacy
officers · 288a
2001-05-01
➖
GILMARTIN, Kevin Patrick resigned
director
2001-04-23
➕
BISLAND, Joseph Gerard appointed
director
2001-03-16
📄
legacy
officers · 288a
2001-02-19
➕
LEE, William Richard appointed
director
2000-12-07
📄
accounts-with-accounts-type-full
accounts · AA
2000-12-06
📄
legacy
annual-return · 363s
2000-04-04
📄
legacy
officers · 288a
2000-03-27
➕
GRANT, Alexander James appointed
director
2000-02-28
📄
legacy
officers · 288b
2000-02-11
➖
BUTCHART, David John resigned
director
2000-01-30
📄
legacy
officers · 288b
2000-01-28
➖
BRANNAN, James resigned
director
1999-11-29
📄
accounts-with-accounts-type-full
accounts · AA
1999-11-29
📄
legacy
annual-return · 363s
1999-07-16
📄
legacy
officers · 288b
1999-06-28
➖
MCKECHNIE, Neil John resigned
director
1999-06-28
➖
YOUNG, Andrew Simpson resigned
director
1999-06-21
➕
PROUDFOOT, Ian Hamilton appointed
director
1999-05-25
➖
HEGARTY, Eamon James resigned
director
1999-05-21
➖
FINNIE, James Ross resigned
director
1998-12-15
➕
HEGARTY, Eamon James appointed
director
1998-11-26
➖
MIDDLEMISS, George Richardson resigned
director
1998-11-23
🔓
Charge satisfied #23
1998-11-23
🔓
Charge satisfied #22
1998-11-23
🔓
Charge satisfied #18
1998-11-23
🔓
Charge satisfied #6
1998-11-23
🔓
Charge satisfied #2
1998-11-23
🔓
Charge satisfied #1
1998-11-16
🔒
Charge registered #28
Lender: The Governor and Company of the Bank of Scotland
1998-11-10
🔒
Charge registered #27
Lender: The Governor and Company of the Bank of Scotland

Showing most recent 50 of 93 events

Owner dependency

65/100

High — earn-out structure required

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

FACTORS

-7 active directors: Broader management team in place — suggests transferable governance.
+Long-tenure founder: Senior director has been in place 35 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 95 — succession pressure is live.

Succession & seller-readiness

85/100

Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS

primaryFounder aged 70+: Senior director is approximately 95 years old. Natural succession window is now.
primary20+ year tenure: Director in role 35 years. Very long tenure is a classic succession signal.
secondaryStable-but-static management: Company is 54 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

3 high · 2 med · 1 low

Accounts overdue

high

Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.

Evidence: Next due: 2002-01-31

Confirmation statement overdue

high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2016-12-06

4 insolvency-related filings on record

high

Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.

Evidence: 2015-05-16: liquidation-receiver-ceasing-to-act-scotland; 2009-11-19: liquidation-receiver-ceasing-to-act-scotland

Has insolvency history

medium

Companies House flags prior insolvency events. Review the insolvency filings for context.

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.

5 live charges

low

Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.

Similar companies

Active · Manufacturing · G postcode area

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DIESELEC THISTLE GENERATORS LIMITED→ SC269766 · est 2004	£7.66M £5.96M–£9.37M	—	—	10300	21y	84	58y
CALEDONIAN PLYWOOD COMPANY LTD.→ SC195444 · est 1999	£6.46M £5.02M–£7.89M	—	—	8100	27y	85	72y
PITREAVIE PACKAGING LIMITED→ SC290452 · est 2005	£4.66M £3.63M–£5.70M	£24.98M	—	15700	20y	84	70y
PCT GROUP SALES LIMITED→ SC075642 · est 1981	£3.56M £2.77M–£4.35M	—	—	77	44y	85	83y
PROMAT BD LIMITED→ SC208370 · est 2000	£3.41M £2.65M–£4.17M	—	—	8500	25y	87	70y
KELVINSIDE ELECTRONICS LIMITED→ SC105407 · est 1987	£3.30M £2.57M–£4.03M	—	—	57	38y	84	65y
INDEPENDENT GLASS COMPANY LIMITED→ SC107294 · est 1987	£2.83M £2.20M–£3.46M	—	—	21800	38y	85	79y
THOMAS TUNNOCK LIMITED→ SC028747 · est 1952	£2.26M £1.76M–£2.76M	—	—	653	74y	85	93y
SAMTEC (EUROPE) LIMITED→ SC096674 · est 1986	£1.51M £1.17M–£1.84M	—	—	2700	40y	85	65y
SOAPWORKS LIMITED→ SC388292 · est 2010	£817.8k £636.1k–£999.6k	£11.53M	—	10300	15y	84	62y
WALKI LIMITED→ SC014320 · est 1926	£439.3k £341.7k–£536.9k	—	—	35	99y	94	61y
LINIAN SUPPLY CO. LIMITED→ SC246119 · est 2003	—	—	—	1400	23y	88	66y

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

🔒Tailored diligence questions

13 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.

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🔒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

Incorporated1972-03-30

Jurisdictionscotland

Primary SIC2873 — SIC 2873

Registered office

Grant Thornton Chartered Acc.

95 Bothwell Street

Glasgow

G2 7JZ

Filing status

Accounts

Next due: 2002-01-31OVERDUE

Last made up to: 2000-03-31

Confirmation statement

Next due: 2016-12-06OVERDUE

Last: —