BORDER COATINGS (SCOTLAND) LIMITED
💤Zombieactive
SC262007 · ltd · incorporated 2004-01-16
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.
Why now
Window steady · low confidence
Steady and stalled — no momentum either way. Needs an approach trigger.
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
—
year to Mar 2025
Net worth
—
book net assets
Opportunity
82/100
Exceptional
What this business does
Primary activity: Other specialised construction activities n.e.c.
Sector: Construction
Investor take
PursueActive trading company with a 81-year-old founder — textbook succession opportunity.
Opportunity 82/100 (exceptional), bankability 67/100. Strong seller-intent signal (83/100, director aged 81). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (73/100).
🏦
Refinance opportunity
3 live charges · 3 lenders · oldest 22.1y
15/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 22.1 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · 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
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
3 officers (2 active, 3 linked, 1 with DOB)
77
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
53 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
2 years extracted from filed iXBRL accountsCash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Total assets | — | £141.9k |
| Current assets | — | £154.4k |
| Cash | — | £37.4k |
| Debtors | — | £108.2k |
| Net assets | — | £138.2k |
| Average employees | 4 | — |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
2 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
Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
1
filing
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (23 events)Click to expand
- 2025-12-22📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-12-23📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-09-18📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-11-10📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-10-11📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2022-06-24📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-06-24📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-06-10🔒Charge registered #3Lender: Edward Ian Conolly Maitland-Carew
- 2022-06-10🔒Charge registered #2Lender: The Scottish Borders Council
- 2021-12-22📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-01-27📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2020-12-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-12-23📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-12-20📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-12-21📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2016-12-30📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2016-01-26📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2004-05-07🔒Charge registered #1Lender: Clydesdale Bank Public Limited Company
- 2004-01-16🏢Company incorporatedAs BORDER COATINGS (SCOTLAND) LIMITED
- 2004-01-16➕EDWARDS, Gillian appointedsecretary
- 2004-01-16➕EDWARDS, Peter Albert Moorhouse appointeddirector
- 2004-01-16➕OSWALDS OF EDINBURGH LIMITED appointedcorporate-nominee-secretary
- 2004-01-16➖OSWALDS OF EDINBURGH LIMITED resignedcorporate-nominee-secretary
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 22 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 81 — 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 81 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 22 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 22 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 |
|---|---|---|---|---|
Mr Peter Albert Moorhouse Edwards Individual · British · DOB 04/1945 · age 81 | 75–100% | 75–100% | 75-100% shares · 75-100% voting | 06/04/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Similar companies
Active · Construction · TD postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| SKS JOINERY LIMITED→ SC237743 · est 2002 | — | — | — | 500 | 23y | 83 | 63y |
| TERNION JOINERY LIMITED→ SC292238 · est 2005 | — | — | £17.7k | — | 20y | 83 | 62y |
| B & K HUME GROUNDWORKS LIMITED→ SC290502 · est 2005 | — | — | £558.0k | — | 20y | 82 | 87y |
| BRYAN MOFFAT LIMITED→ SC283643 · est 2005 | — | — | £179 | — | 21y | 82 | 59y |
| DOBBIE & MICHIE LIMITED→ SC243747 · est 2003 | — | — | £161.7k | — | 23y | 82 | 58y |
| FAIRVIEW BUILDING SERVICES LIMITED→ 00808186 · est 1964 | — | — | — | 2 | 61y | 82 | 65y |
| FJORDHUS CONSTRUCTION LIMITED→ SC298266 · est 2006 | — | — | — | 700 | 20y | 82 | 80y |
| FJORDHUS LIMITED→ SC193582 · est 1999 | — | — | — | 0 | 27y | 82 | 80y |
| GALAGATE DEVELOPMENTS LIMITED→ 06487926 · est 2008 | — | — | — | 0 | 18y | 82 | 81y |
| TOMMY MCCOLL ELECTRICAL LTD→ 13484599 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| TWEED TIMBER FRAME LTD→ 14598774 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| ULTRAMECH NORTH EAST LTD→ 12925214 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
9 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
Incorporated2004-01-16
Jurisdictionscotland
Primary SIC43999 — Other specialised construction activities n.e.c.
Registered office
Unit 3-4 Whitlaw Road Industrial Estate
Lauder
Berwickshire
TD2 6QA
Scotland
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-01-30
Last: 2026-01-16
Officers (2 active · 1 resigned)
Active
EDWARDS, Peter Albert Moorhouse→
Activedirector · ~81y · appointed 2004-01-16
View their other companies + combined net worth →
OSWALDS OF EDINBURGH LIMITED→
Resignedcorporate-nominee-secretary · appointed 2004-01-16 · resigned 2004-01-16
Click a director name to see their full track record across all companies.
Mortgages & charges
3
Total charges
3
Outstanding
3
Active lenders
Status:Lender:3 of 3 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Edward Ian Conolly Maitland-Carew | A registered charge | 2 properties | 10/06/2022 | — | |
| outstanding | The Scottish Borders Council | A registered charge | 2 properties | 10/06/2022 | — | |
| outstanding | Virgin Money Clydesdale Bank Public Limited Company | Floating charge | 1 property | 07/05/2004 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (53 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-02-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-01-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-11-10
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-10-11
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-06-24
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-06-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-01-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-01-27
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2021-01-27