AJ BUILDERS (SCOTLAND) LTD.

💤Zombieactive
SC319928 · ltd · incorporated 2007-03-29
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: Development of building projects
Sector: Construction
Investor take
Pursue
Active trading company 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 · 2 lenders · oldest 18.6y

30/100
under pressure

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

  • · Oldest live charge is 18.6 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (79/100)

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
4 officers (2 active, 4 linked, 1 with DOB)
75
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
5 connected companies via shared directors
60
Filing history
52 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 accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0Apr 2024Apr 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-04-302024-04-30
Average employees1100

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
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 (26 events)Click to expand
  1. 2026-01-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-01-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-01-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-01-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2022-01-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2021-03-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2020-01-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2019-01-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2018-02-01
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2017-01-27
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  11. 2016-04-08
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  12. 2016-01-28
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  13. 2015-04-01
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  14. 2015-01-30
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2014-04-14
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  16. 2012-12-21
    🔓
    Charge satisfied #2
  17. 2012-12-21
    🔓
    Charge satisfied #1
  18. 2009-09-29
    🔒
    Charge registered #2
    Lender: The Governor & Company of the Bank of Ireland
  19. 2007-09-28
    🔒
    Charge registered #1
    Lender: The Governor and Company of the Bank of Ireland
  20. 2007-03-29
    🏢
    Company incorporated
    As AJ BUILDERS (SCOTLAND) LTD.
  21. 2007-03-29
    ➕
    FOWDAR, Saraswatee appointed
    secretary
  22. 2007-03-29
    ➕
    FOWDAR, Devanand appointed
    director
  23. 2007-03-29
    ➕
    BRIAN REID LTD. appointed
    corporate-secretary
  24. 2007-03-29
    ➖
    BRIAN REID LTD. resigned
    corporate-secretary
  25. 2007-03-29
    ➕
    STEPHEN MABBOTT LTD. appointed
    corporate-director
  26. 2007-03-29
    ➖
    STEPHEN MABBOTT LTD. resigned
    corporate-director

Owner dependency

100/100
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 19 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 75 — succession pressure is live.

Succession & seller-readiness

98/100
Likely off-market candidate

Strong 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.
  • secondary12+ year tenure: Director in role 19 years.
  • secondaryStable-but-static management: Company is 19 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
NameSharesVoting rightsNature of controlNotified
Mr Dev Fowdar
Individual · British · DOB 06/1951 · age 75
25–50%
—25-50% shares06/04/2016

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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A K P SCOTLAND LIMITED→
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———————
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———————
AL BUILDING CONTRACTORS LTD→
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————2y——
AL FAROUGH CONSTRUCTIONS LTD→
SC815991 · est 2024 · no financials extracted
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ALAN BELL CONSTRUCTION & DEVELOPMENT LTD→
SC500103 · est 2015 · no financials extracted
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————11y——
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
Incorporated2007-03-29
Jurisdictionscotland
Primary SIC41100 — Development of building projects

Registered office

Thistle House
Scholars Gate
East Kilbride
G75 9JL

Filing status

Accounts
Next due: 2027-01-31
Last made up to: 2025-04-30
Confirmation statement
Next due: 2027-03-23
Last: 2026-03-09

Officers (2 active · 2 resigned)

FOWDAR, Saraswatee→
secretary · appointed 2007-03-29
View their other companies + combined net worth →
Active
FOWDAR, Devanand→
director · ~75y · appointed 2007-03-29
View their other companies + combined net worth →
Active
BRIAN REID LTD.→
corporate-secretary · appointed 2007-03-29 · resigned 2007-03-29
Resigned
STEPHEN MABBOTT LTD.→
corporate-director · appointed 2007-03-29 · resigned 2007-03-29
Resigned

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
TypeProperties
satisfied
The Governor & Company of the Bank of Ireland
Standard security1 property29/09/200921/12/2012
satisfied
The Governor and Company of the Bank of Ireland
Floating charge1 property28/09/200721/12/2012

Recent filings (52 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-01-30
confirmation-statement-with-updates
confirmation-statement · CS01
2025-03-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-01-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-01-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-01-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-01-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-03-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-03-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-03-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-01-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-03-29