166A TBR LTD
💤Zombieactive
SC253681 · ltd · incorporated 2003-08-01
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 Aug 2025
Net worth
£388.0k
book net assets
Opportunity
77/100
Strong
What this business does
Primary activity: Other business support service activities n.e.c.
Sector: Administrative & support services
Investor take
PursueStrong opportunity: active trading company with strong profile and bankable structure.
Opportunity 77/100 (strong), bankability 80/100. 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 · oldest 12.4y
45/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 12.4 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (76/100)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
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
5 officers (1 active, 5 linked, 2 with DOB)
78
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
Network not yet resolved
30
Filing history
72 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
77/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
60
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £387,969
Key financials
2 years extracted from filed iXBRL accountsCash
£52k
Net Worth
£388k
↑ 4.4% YoY
Current Assets
£58k
↑ 92% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-08-31 | 2024-08-31 |
|---|---|---|
| Total assets | £388.0k | £371.6k |
| Current assets | £57.7k | £30.0k |
| Cash | £52.3k | — |
| Debtors | £5.4k | — |
| Net assets | £388.0k | £371.6k |
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
1
filing
- • 1 confirmation-statement
Last 90 days
2
filings
- • 1 confirmation-statement
- • 1 accounts
Last 180 days
2
filings
- • 1 confirmation-statement
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (27 events)Click to expand
- 2026-03-10📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-05-22📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-05-24📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-05-29📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-05-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-05-24📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-05-29📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-04-27📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2020-04-27📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2019-08-06📄resolutionresolution · RESOLUTIONS
- 2019-03-29📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2019-03-29📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2019-01-04📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2018-03-13📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2017-02-24📄change-person-director-company-with-change-dateofficers · CH01
- 2016-02-08➖MASSIE, Albert resigneddirector
- 2014-11-01➖GRANT SMITH LAW PRACTICE LIMITED resignedcorporate-secretary
- 2013-11-21🔒Charge registered #2Lender: Hsbc Bank PLC
- 2013-11-21🔒Charge registered #1Lender: Hsbc Bank PLC
- 2011-08-01➕GRANT SMITH LAW PRACTICE LIMITED appointedcorporate-secretary
- 2011-07-31➖THE GRANT SMITH LAW PRACTICE resignedcorporate-secretary
- 2003-08-01🏢Company incorporatedAs 166A TBR LTD
- 2003-08-01➕MASSIE, Forbes appointeddirector
- 2003-08-01➕OSWALDS OF EDINBURGH LIMITED appointedcorporate-nominee-secretary
- 2003-08-01➖OSWALDS OF EDINBURGH LIMITED resignedcorporate-nominee-secretary
- 2003-08-01➕THE GRANT SMITH LAW PRACTICE appointedcorporate-secretary
- 2003-08-01➕MASSIE, Albert appointeddirector
Owner dependency
85/100
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 23 years — deep operational knowledge concentrated in one person.
Succession & seller-readiness
75/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- primary20+ year tenure: Director in role 23 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 23 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 |
|---|---|---|---|---|
Forbes Massie Individual · British · DOB 11/1981 · age 45 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 06/08/2019 |
2 historic (ceased) PSCs
- Forbes Massie Holdings Limitedceased 06/08/2019· 75-100% shares · 75-100% voting · board control
- Mr Forbes Massieceased 15/06/2016· 75-100% shares · 75-100% voting
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Similar companies
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|---|---|---|---|---|---|---|---|
| A & I ANDERSON (GROUP) LIMITED→ SC507747 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
| A HELPING HAND (SCOTLAND) LIMITED→ SC541001 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| ACCHATWIN ENGINEERING LTD→ SC737775 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| ACE MANPOWER LIMITED→ SC318177 · est 2007 · no financials extracted | — | — | — | — | 19y | — | — |
| ACE OF BLADES LIMITED→ SC504004 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
| ACS ECCLES ELECTRICAL LIMITED→ SC443131 · est 2013 · no financials extracted | — | — | — | — | 13y | — | — |
| ADAMS DRILLING LIMITED→ SC352285 · est 2008 · no financials extracted | — | — | — | — | 17y | — | — |
| ADAMS WATCH SPECIALIST LTD→ SC616868 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| ADAPTIVE PROCESS SOLUTIONS LTD→ SC689486 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| ADZIEL LIMITED→ SC166635 · est 1996 · no financials extracted | — | — | — | — | 29y | — | — |
| AGF SCOTLAND LTD→ SC758257 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| AGILE ENERGY RECOVERY (INVERURIE) LIMITED→ SC487774 · est 2014 · no financials extracted | — | — | — | — | 11y | — | — |
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
Incorporated2003-08-01
Jurisdictionscotland
Primary SIC82990 — Other business support service activities n.e.c.
Registered office
45 Angusfield Avenue
Aberdeen
AB15 6AR
Filing status
Accounts
Next due: 2027-05-31
Last made up to: 2025-08-31
Confirmation statement
Next due: 2027-03-01
Last: 2026-02-15
Officers (1 active · 4 resigned)
MASSIE, Forbes→
Activedirector · ~45y · appointed 2003-08-01
View their other companies + combined net worth →
GRANT SMITH LAW PRACTICE LIMITED→
Resignedcorporate-secretary · appointed 2011-08-01 · resigned 2014-11-01
OSWALDS OF EDINBURGH LIMITED→
Resignedcorporate-nominee-secretary · appointed 2003-08-01 · resigned 2003-08-01
THE GRANT SMITH LAW PRACTICE→
Resignedcorporate-secretary · appointed 2003-08-01 · resigned 2011-07-31
MASSIE, Albert→
Resigneddirector · ~74y · appointed 2003-08-01 · resigned 2016-02-08
Click a director name to see their full track record across all companies.
Mortgages & charges
2
Total charges
2
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | HSBC Hsbc Bank PLC | A registered charge | 1 property | 21/11/2013 | — | |
| outstanding | HSBC Hsbc Bank PLC | A registered charge | 1 property | 21/11/2013 | — |
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
2026-04-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-03-10
accounts-with-accounts-type-micro-entity
accounts · AA
2025-05-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-19
accounts-with-accounts-type-micro-entity
accounts · AA
2024-05-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-16
accounts-with-accounts-type-micro-entity
accounts · AA
2023-05-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-02-26
accounts-with-accounts-type-micro-entity
accounts · AA
2022-05-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-02-22
accounts-with-accounts-type-micro-entity
accounts · AA
2021-05-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-05-10
accounts-with-accounts-type-micro-entity
accounts · AA
2020-05-29
confirmation-statement-with-updates
confirmation-statement · CS01
2020-04-27
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2020-04-27