B2M LIMITED

💤Zombieactive
SC227652 · ltd · incorporated 2002-02-04
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 Apr 2025
Net worth
—
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: Management consultancy activities other than financial management
Sector: Professional, scientific & technical
Investor take
Pursue
Active trading company with a 64-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 80/100. Strong seller-intent signal (70/100, director aged 64). 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

1 live charge · oldest 12.6y

45/100
under pressure

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

  • · Oldest live charge is 12.6 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (73/100)

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
50
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
7 officers (2 active, 7 linked, 1 with DOB)
73
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
72 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.

Key financials

1 year extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-04-30
Average employees1

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
1
filing
  • • 1 confirmation-statement
Last 180 days
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (30 events)Click to expand
  1. 2025-09-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-04-07
    📄
    change-account-reference-date-company-current-extended
    accounts · AA01
  3. 2025-01-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2024-02-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2022-09-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2021-11-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2021-01-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2019-11-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2019-11-01
    ➕
    MACKINNONS SOLICITORS LLP appointed
    corporate-secretary
  10. 2019-11-01
    ➖
    MACKINNONS resigned
    corporate-secretary
  11. 2019-11-01
    ➕
    MACKINNONS LLP appointed
    corporate-secretary
  12. 2019-11-01
    ➖
    MACKINNONS LLP resigned
    corporate-secretary
  13. 2019-11-01
    📄
    appoint-corporate-secretary-company-with-name-date
    officers · AP04
  14. 2019-11-01
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  15. 2019-11-01
    📄
    appoint-corporate-secretary-company-with-name-date
    officers · AP04
  16. 2019-11-01
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  17. 2019-01-16
    📄
    appoint-corporate-secretary-company-with-name-date
    officers · AP04
  18. 2019-01-16
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  19. 2019-01-16
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  20. 2019-01-01
    ➖
    IAIN SMITH SOLICITORS LLP resigned
    corporate-secretary
  21. 2019-01-01
    ➕
    MACKINNONS appointed
    corporate-secretary
  22. 2018-11-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  23. 2013-09-05
    🔒
    Charge registered #1
    Lender: Bank of Scotland PLC
  24. 2013-07-02
    ➕
    IAIN SMITH SOLICITORS LLP appointed
    corporate-secretary
  25. 2013-07-02
    ➖
    MACLAY MURRAY & SPENS LLP resigned
    corporate-secretary
  26. 2008-04-14
    ➖
    IAIN SMITH & COMPANY resigned
    corporate-nominee-secretary
  27. 2008-04-14
    ➕
    MACLAY MURRAY & SPENS LLP appointed
    corporate-secretary
  28. 2002-02-04
    🏢
    Company incorporated
    As B2M LIMITED
  29. 2002-02-04
    ➕
    WATSON, Colin Carrick appointed
    director
  30. 2002-02-04
    ➕
    IAIN SMITH & COMPANY appointed
    corporate-nominee-secretary

Owner dependency

93/100
Critical — business is the founder

The 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 24 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 64 — approaching natural succession window.

Succession & seller-readiness

95/100
Likely off-market candidate

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

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 64. Approaching typical UK retirement age — succession thinking likely.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • primary20+ year tenure: Director in role 24 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 24 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

clean
No 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%
NameSharesVoting rightsNature of controlNotified
Mr Colin Carrick Watson
Individual · British · DOB 03/1962 · age 64
75–100%
75–100%board control75-100% shares · 75-100% voting · board control06/04/2016

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 →

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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.

See pricing →

Company details

Statusactive
Typeltd
Incorporated2002-02-04
Jurisdictionscotland
Primary SIC70229 — Management consultancy activities other than financial management

Registered office

14 Carden Place
Aberdeen
AB10 1UR
Scotland

Filing status

Accounts
Next due: 2027-01-31
Last made up to: 2025-04-30
Confirmation statement
Next due: 2027-02-18
Last: 2026-02-04

Officers (2 active · 5 resigned)

MACKINNONS SOLICITORS LLP→
corporate-secretary · appointed 2019-11-01
View their other companies + combined net worth →
Active
WATSON, Colin Carrick→
director · ~64y · appointed 2002-02-04
View their other companies + combined net worth →
Active
IAIN SMITH & COMPANY→
corporate-nominee-secretary · appointed 2002-02-04 · resigned 2008-04-14
Resigned
IAIN SMITH SOLICITORS LLP→
corporate-secretary · appointed 2013-07-02 · resigned 2019-01-01
Resigned
MACKINNONS→
corporate-secretary · appointed 2019-01-01 · resigned 2019-11-01
Resigned
MACKINNONS LLP→
corporate-secretary · appointed 2019-11-01 · resigned 2019-11-01
Resigned
MACLAY MURRAY & SPENS LLP→
corporate-secretary · appointed 2008-04-14 · resigned 2013-07-02
Resigned

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
Lloyds Banking Group
Bank of Scotland PLC
A registered charge1 property05/09/2013—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (72 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-23
change-account-reference-date-company-current-extended
accounts · AA01
2025-04-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-01-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-02-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-02-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-09-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-11-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-02-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-01-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-02-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-11-30