BILL HAY LIMITED
💤Zombieactive
SC128775 · ltd · incorporated 1990-11-30
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.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£181.1k
book net assets
Opportunity
82/100
Exceptional
What this business does
Primary activity: Specialist medical practice activities
Sector: Human health & social work
ALSO REGISTERED FOR
- 86900Other human health activities
Investor take
PursueAsset-holding vehicle with a 75-year-old founder — textbook succession opportunity.
Opportunity 82/100 (exceptional), bankability 85/100. Strong seller-intent signal (93/100, director aged 75). 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 (73/100).
🏦
Refinance opportunity
2 live charges · oldest 32.4y
45/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 32.4 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · 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
75
Lenders & charges
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
6 officers (2 active, 6 linked, 3 with DOB)
80
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
104 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
82/100Exceptional
PassWatchWorth a lookStrongExceptional
Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 105 (micro)Positive net assets
Net assets £181,122
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
£181k
↑ 11% YoY
Current Assets
£7k
↓ 74% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 105 (micro)| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Total assets | £181.1k | £174.4k |
| Current assets | £7.1k | £27.2k |
| Net assets | £181.1k | £162.6k |
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
0
filings
Last 90 days
0
filings
Last 180 days
2
filings
- • 1 accounts
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (33 events)Click to expand
- 2025-12-05📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-12-19📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-05-20📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2024-05-20📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2024-05-20📄capital-allotment-sharescapital · SH01
- 2024-03-29📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-12-19📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-08-16📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2022-07-18📄memorandum-articlesincorporation · MA
- 2022-06-01📄mortgage-satisfy-charge-fullmortgage · MR04
- 2022-06-01🔓Charge satisfied #3
- 2022-05-23📄mortgage-satisfy-charge-fullmortgage · MR04
- 2022-05-23🔓Charge satisfied #1
- 2022-04-01📄statement-of-companys-objectschange-of-constitution · CC04
- 2022-03-25📄resolutionresolution · RESOLUTIONS
- 2021-12-11📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-12-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-09-08📄termination-director-company-with-name-termination-dateofficers · TM01
- 2020-09-03➖HAY, Pamela Anne resigneddirector
- 2019-12-24📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-06-12📄withdrawal-of-a-person-with-significant-control-statementpersons-with-significant-control · PSC09
- 2000-06-08🔒Charge registered #3Lender: National Westminster Bank PLC
- 1997-04-18➕HAY, William Angus Knox appointedsecretary
- 1997-04-18➖PETERKINS resignedcorporate-secretary
- 1993-12-07🔒Charge registered #1Lender: National Westminster Bank PLC
- 1990-12-24➕HAY, William Angus Knox appointeddirector
- 1990-12-24➕HAY, Pamela Anne appointeddirector
- 1990-12-24➖HUNTER, Neil Cameron resignednominee-director
- 1990-12-24➖RENNIE, Thomas George resignednominee-director
- 1990-11-30🏢Company incorporatedAs BILL HAY LIMITED
- 1990-11-30➕PETERKINS appointedcorporate-secretary
- 1990-11-30➕HUNTER, Neil Cameron appointednominee-director
- 1990-11-30➕RENNIE, Thomas George appointednominee-director
Owner dependency
100/100
Critical — business is the founderThe business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
FACTORS
- +Sole director: Only one active director — all governance concentrated on one person.
- +Long-tenure founder: Senior director has been in place 35 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 75 — succession pressure is live.
Succession & seller-readiness
100/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 75 years old. Natural succession window is now.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- primary20+ year tenure: Director in role 35 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 35 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
cleanNo 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 |
|---|---|---|---|---|
Ms Pamela Anne Hay Individual · British · DOB 03/1956 · age 70 | 75–100% | 75–100% | 75-100% shares · 75-100% voting | 25/04/2024 |
1 historic (ceased) PSC
- Mr William Angus Knox Hayceased 25/04/2024· 75-100% shares · 75-100% voting · board control
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Similar companies
Active · Healthcare & medical · AB postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| ABERDEEN OSTEOPATHY CLINIC LIMITED→ SC381838 · est 2010 · no financials extracted | — | — | — | — | 15y | — | — |
| AGE REVERSAL THERAPIES LTD→ SC723766 · est 2022 · no financials extracted | — | — | — | — | 4y | — | — |
| AJASUE SERVICES LTD→ SC645316 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| AJF PSYCHOTHERAPY LTD→ SC841025 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| ALGON MEDICAL LIMITED→ SC379990 · est 2010 · no financials extracted | — | — | — | — | 15y | — | — |
| AN STOKES PHYSIO LTD→ SC730537 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| ANGUS MACLEOD LTD→ SC843843 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| ASSURED OCCUPATIONAL HEALTH LIMITED→ SC496266 · est 2015 · no financials extracted | — | — | — | — | 11y | — | — |
| AUTISM AND NEURODIVERSITY NORTH SCOTLAND LIMITED→ SC186663 · est 1998 · no financials extracted | — | — | — | — | 27y | — | — |
| AUTISM SPECIFIC CONSULTANCY SERVICES SCOTLAND LTD→ SC717145 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| AVK DENTAL CARE LIMITED→ SC458451 · est 2013 · no financials extracted | — | — | — | — | 12y | — | — |
| BANCHORY CHIROPODY PRACTICE LTD→ SC426815 · est 2012 · no financials extracted | — | — | — | — | 13y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
8 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
Incorporated1990-11-30
Jurisdictionscotland
Primary SIC86220 — Specialist medical practice activities
Registered office
5 Abbotshall Road
Cults
Aberdeen
AB15 9HT
Scotland
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-12-14
Last: 2025-11-30
Officers (2 active · 4 resigned)
HAY, William Angus Knox→
Activesecretary · appointed 1997-04-18
View their other companies + combined net worth →
HAY, William Angus Knox→
Activedirector · ~75y · appointed 1990-12-24
View their other companies + combined net worth →
PETERKINS→
Resignedcorporate-secretary · appointed 1990-11-30 · resigned 1997-04-18
HAY, Pamela Anne→
Resigneddirector · ~70y · appointed 1990-12-24 · resigned 2020-09-03
HUNTER, Neil Cameron→
Resignednominee-director · appointed 1990-11-30 · resigned 1990-12-24
RENNIE, Thomas George→
Resignednominee-director · ~79y · appointed 1990-11-30 · resigned 1990-12-24
Click a director name to see their full track record across all companies.
Mortgages & charges
2
Total charges
0
Outstanding
0
Active lenders
Status:Lender:2 of 2 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | National Westminster Bank National Westminster Bank PLC | Standard security | 1 property | 08/06/2000 | 01/06/2022 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Floating charge | 1 property | 07/12/1993 | 23/05/2022 |
Recent filings (104 total)
accounts-with-accounts-type-micro-entity
accounts · AA
2025-12-05
confirmation-statement-with-updates
confirmation-statement · CS01
2025-12-01
accounts-with-accounts-type-micro-entity
accounts · AA
2024-12-19
confirmation-statement-with-updates
confirmation-statement · CS01
2024-12-03
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-05-20
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-05-20
capital-allotment-shares
capital · SH01
2024-05-20
accounts-with-accounts-type-micro-entity
accounts · AA
2024-03-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-12-20
confirmation-statement-with-updates
confirmation-statement · CS01
2023-01-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-19
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-08-16
memorandum-articles
incorporation · MA
2022-07-18
mortgage-satisfy-charge-full
mortgage · MR04
2022-06-01
mortgage-satisfy-charge-full
mortgage · MR04
2022-05-23