BLASTCO LIMITED
💤Zombieactive
SC309911 · ltd · incorporated 2006-10-10
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 Dec 2024
Net worth
—
book net assets
Opportunity
79/100
Strong
What this business does
Primary activity: Activities of other holding companies n.e.c.
Sector: Financial & insurance
Investor take
PursueAsset-holding vehicle with a 73-year-old founder — textbook succession opportunity.
Opportunity 79/100 (strong), bankability 75/100. Strong seller-intent signal (68/100, director aged 73). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 1 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (73/100).
🏦
Refinance opportunity
2 live charges · 2 lenders · oldest 19.4y
30/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 19.4 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · 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, 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, 3 with DOB)
82
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
Network not yet resolved
30
Filing history
70 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
79/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
70
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 | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Average employees | 0 | 0 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
3 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
0
filings
Counts from Companies House filing history.
Corporate timeline (30 events)Click to expand
- 2025-06-27📄accounts-with-accounts-type-smallaccounts · AA
- 2024-07-24📄accounts-with-accounts-type-smallaccounts · AA
- 2023-08-29📄accounts-with-accounts-type-smallaccounts · AA
- 2022-11-30➕MCGOLDRICK, Seamus appointeddirector
- 2022-11-30➖CANAVAN, Andrew Matthew resigneddirector
- 2022-11-30📄termination-director-company-with-name-termination-dateofficers · TM01
- 2022-11-30📄appoint-person-director-company-with-name-dateofficers · AP01
- 2022-08-22📄accounts-with-accounts-type-smallaccounts · AA
- 2021-09-30📄accounts-with-accounts-type-smallaccounts · AA
- 2020-12-03📄accounts-with-accounts-type-smallaccounts · AA
- 2020-08-27📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2019-08-12📄accounts-with-accounts-type-smallaccounts · AA
- 2019-06-10📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2019-06-10📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC05
- 2019-04-01📄change-account-reference-date-company-previous-extendedaccounts · AA01
- 2019-01-12📄gazette-filings-brought-up-to-dategazette · DISS40
- 2019-01-08📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2019-01-08📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2019-01-08📄gazette-notice-compulsorygazette · GAZ1
- 2018-04-23➖MACDONALD, Ian William resignedsecretary
- 2018-04-23➖MACDONALD, Ian William resigneddirector
- 2012-07-19🔓Charge satisfied #2
- 2006-11-29🔒Charge registered #2Lender: Eric Roy Jackson and Another
- 2006-11-14🔒Charge registered #1Lender: The Governor and Company of the Bank of Scotland
- 2006-11-07➕MACDONALD, Ian William appointedsecretary
- 2006-11-07➖MCGINN, James Waugh resignedsecretary
- 2006-11-07➕MACDONALD, Ian William appointeddirector
- 2006-10-10🏢Company incorporatedAs BLASTCO LIMITED
- 2006-10-10➕MCGINN, James Waugh appointedsecretary
- 2006-10-10➕CANAVAN, Andrew Matthew appointeddirector
Owner dependency
90/100
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.
- +Founder age: Director aged approximately 73 — succession pressure is live.
Succession & seller-readiness
85/100
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 73 years old. Natural succession window is now.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- secondaryStable-but-static management: Company is 20 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Group structure
Exsol Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Exsol Limited
Corporate parent · holds 75-100% shares
⬇
BLASTCO LIMITED
This company · SC309911
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Exsol Limited Corporate entity | 75–100% | 75–100% | 75-100% shares · 75-100% voting | 23/04/2018 |
2 historic (ceased) PSCs
- Mr Andrew Matthew Canavanceased 04/12/2018· 50-75% shares · 50-75% voting
- Mr Ian William Macdonaldceased 23/04/2018· 25-50% shares · 25-50% voting
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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|---|---|---|---|---|---|---|---|
| ALL GENERATIONS LTD→ SC544924 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| DEBORAH JAMES GROUP LTD→ SC855816 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| EAST & WEST MILLS LIMITED→ SC275333 · est 2004 · no financials extracted | — | — | — | — | 21y | — | — |
| EUROYACHTS (HOLDINGS) LIMITED→ SC399442 · est 2011 · no financials extracted | — | — | — | — | 14y | — | — |
| G.W.M.B. HOLDINGS LIMITED→ SC702315 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| GELATONI HOLDINGS LTD→ SC676559 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| GLOW HOMES LETTING & SALES LTD→ SC599914 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| GOLF RECREATION SCOTLAND LIMITED→ SC469689 · est 2014 · no financials extracted | — | — | — | — | 12y | — | — |
| H&M UPPAL PROPERTY HOLDINGS LIMITED→ SC747427 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| HENRY BROWN & CO LTD→ SC515363 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
| HO OPTICAL INVESTMENTS LTD→ SC824398 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| HOMESTAY PROPERTY MANAGEMENT LTD→ SC829043 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
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
Incorporated2006-10-10
Jurisdictionscotland
Primary SIC64209 — Activities of other holding companies n.e.c.
Registered office
Mill House
New Mill Road
Kilmarnock
KA1 3JG
Scotland
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-10-24
Last: 2025-10-10
Officers (1 active · 4 resigned)
MCGOLDRICK, Seamus→
Activedirector · ~73y · appointed 2022-11-30
View their other companies + combined net worth →
MACDONALD, Ian William→
Resignedsecretary · appointed 2006-11-07 · resigned 2018-04-23
MCGINN, James Waugh→
Resignedsecretary · appointed 2006-10-10 · resigned 2006-11-07
CANAVAN, Andrew Matthew→
Resigneddirector · ~77y · appointed 2006-10-10 · resigned 2022-11-30
MACDONALD, Ian William→
Resigneddirector · ~70y · appointed 2006-11-07 · resigned 2018-04-23
Click a director name to see their full track record across all companies.
Mortgages & charges
2
Total charges
1
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Eric Roy Jackson and Another | Floating charge | 1 property | 29/11/2006 | 19/07/2012 | |
| outstanding | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Bond & floating charge | 1 property | 14/11/2006 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (70 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-15
accounts-with-accounts-type-small
accounts · AA
2025-06-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-23
accounts-with-accounts-type-small
accounts · AA
2024-07-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-17
accounts-with-accounts-type-small
accounts · AA
2023-08-29
termination-director-company-with-name-termination-date
officers · TM01
2022-11-30
appoint-person-director-company-with-name-date
officers · AP01
2022-11-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-02
accounts-with-accounts-type-small
accounts · AA
2022-08-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-10-26
accounts-with-accounts-type-small
accounts · AA
2021-09-30
accounts-with-accounts-type-small
accounts · AA
2020-12-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-10-15
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2020-08-27