BORDER FINANCE LIMITED

🌳Matureactive
SC366555 · ltd · incorporated 2009-10-08
Investment thesis
Well-run mature business — low negotiation leverage; premium likely.
Why interesting: Textbook target; clean filings, stable trading.
Why risky: No pressure on seller; any deal likely at full price.
Opportunity decay
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
  • · Thesis: well-run, low negotiation leverage
🔒Estimated value
—
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Turnover
—
year to Mar 2025
Net worth
£4.98M
book net assets
Opportunity
76/100
Strong
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What this business does
Primary activity: Financial intermediation not elsewhere classified
Sector: Financial & insurance
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 76/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: strategic trade sale (65/100).

Data confidence

Overall: medium (78/100)

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
Confirmed no charges registered
85
Directors & officers
3 officers (2 active, 3 linked, 3 with DOB)
90
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
54 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
76/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
65
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £4,982,505
Cash YoY
+12%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£3.3m
↑ 12% YoY
Net Worth
£5.0m
↑ 13% YoY
Current Assets
£4.4m
↑ 18% YoY
Current Liabilities
—
£0£997k£2.0m£3.0m£4.0m£5.0mMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-312024-03-31
Total assets£5.02M£4.43M
Current assets£4.45M£3.77M
Cash£3.26M£2.91M
Debtors£1.18M£859.2k
Net assets£4.98M£4.40M

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
0
filings
Last 180 days
7
filings
  • • 3 capital
  • • 2 resolution
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (23 events)Click to expand
  1. 2026-01-06
    📄
    memorandum-articles
    incorporation · MA
  2. 2025-12-04
    📄
    capital-name-of-class-of-shares
    capital · SH08
  3. 2025-12-04
    📄
    resolution
    resolution · RESOLUTIONS
  4. 2025-12-04
    📄
    resolution
    resolution · RESOLUTIONS
  5. 2025-12-04
    📄
    capital-variation-of-rights-attached-to-shares
    capital · SH10
  6. 2025-12-04
    📄
    capital-name-of-class-of-shares
    capital · SH08
  7. 2025-06-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2024-08-20
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  9. 2024-07-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2024-06-10
    📄
    change-person-director-company-with-change-date
    officers · CH01
  11. 2023-09-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2022-09-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2022-08-22
    📄
    change-person-director-company-with-change-date
    officers · CH01
  14. 2022-08-22
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  15. 2022-05-24
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  16. 2022-05-17
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  17. 2021-07-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  18. 2021-01-20
    📄
    capital-allotment-shares
    capital · SH01
  19. 2019-04-02
    ➕
    WELSH, William James appointed
    director
  20. 2010-01-27
    ➖
    FINNIE, Rosalind Mary resigned
    director
  21. 2009-10-08
    🏢
    Company incorporated
    As BORDER FINANCE LIMITED
  22. 2009-10-08
    ➕
    FINNIE, Andrew Malcolm appointed
    director
  23. 2009-10-08
    ➕
    FINNIE, Rosalind Mary appointed
    director

Owner dependency

68/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Long-tenure founder: Senior director has been in place 17 years — deep operational knowledge concentrated in one person.

Succession & seller-readiness

59/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondary12+ year tenure: Director in role 17 years.
  • secondaryStable-but-static management: Company is 17 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 Andrew Finnie
Individual · British · DOB 10/1972 · age 54
50–75%
75–100%board control75-100% shares · 75-100% voting · board control06/04/2016
1 historic (ceased) PSC
  • Mrs Rosalind Finnieceased 09/10/2018· 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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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

6 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
Incorporated2009-10-08
Jurisdictionscotland
Primary SIC64999 — Financial intermediation not elsewhere classified

Registered office

Lochar House
Heathhall
Dumfries
DG1 3NU
United Kingdom

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-01-28
Last: 2026-01-14

Officers (2 active · 1 resigned)

FINNIE, Andrew Malcolm→
director · ~54y · appointed 2009-10-08
View their other companies + combined net worth →
Active
WELSH, William James→
director · ~54y · appointed 2019-04-02
View their other companies + combined net worth →
Active
FINNIE, Rosalind Mary→
director · ~55y · appointed 2009-10-08 · resigned 2010-01-27
Resigned

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

Recent filings (54 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-20
memorandum-articles
incorporation · MA
2026-01-06
capital-name-of-class-of-shares
capital · SH08
2025-12-04
resolution
resolution · RESOLUTIONS
2025-12-04
resolution
resolution · RESOLUTIONS
2025-12-04
capital-variation-of-rights-attached-to-shares
capital · SH10
2025-12-04
capital-name-of-class-of-shares
capital · SH08
2025-12-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-06-19
confirmation-statement-with-updates
confirmation-statement · CS01
2025-01-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-09
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-08-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-07-26
change-person-director-company-with-change-date
officers · CH01
2024-06-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-27