BORDERS EMPLOYMENT LAW LIMITED

💤Zombieactive
SC464247 · ltd · incorporated 2013-11-21
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
£16.2k
book net assets
Opportunity
71/100
Strong
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What this business does
Primary activity: Solicitors
Sector: Professional, scientific & technical
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 71/100 (strong), bankability 75/100. 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).

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
5 officers (1 active, 5 linked, 5 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
38 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
71/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
55
Some acquirability indicators.
Risk profile
77
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Positive net assets
Net assets £16,171

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
£16k
↑ 1740% YoY
Current Assets
£19k
↑ 104% YoY
Current Liabilities
£0£4k£8k£11k£15k£19kDec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2024-12-312023-12-31
Total assets£18.5k£5.4k
Current assets£18.9k£9.3k
Net assets£16.2k£879

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
2
filings
  • 1 address
  • 1 persons-with-significant-control
Last 90 days
2
filings
  • 1 address
  • 1 persons-with-significant-control
Last 180 days
6
filings
  • 2 persons-with-significant-control
  • 2 officers
  • 1 address
Counts from Companies House filing history.
Corporate timeline (27 events)Click to expand
  1. 2026-03-25
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  2. 2026-03-25
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  3. 2025-12-18
    BURKE, Patricia resigned
    director
  4. 2025-12-18
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  5. 2025-12-18
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  6. 2025-12-09
    BURKE, Emma Margaret resigned
    director
  7. 2025-12-09
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  8. 2025-09-17
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2025-07-29
    BURKE, Dominic Thomas resigned
    director
  10. 2025-07-29
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  11. 2024-09-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2023-06-26
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2022-09-21
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  14. 2021-09-23
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  15. 2020-08-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  16. 2019-09-25
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  17. 2018-10-09
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  18. 2018-10-09
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  19. 2018-10-09
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  20. 2018-10-09
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  21. 2018-08-31
    BANNERMAN, Rory resigned
    director
  22. 2018-08-31
    BURKE, Dominic Thomas appointed
    director
  23. 2018-08-31
    BURKE, Emma Margaret appointed
    director
  24. 2018-08-31
    BURKE, Patricia appointed
    director
  25. 2013-11-21
    🏢
    Company incorporated
    As BORDERS EMPLOYMENT LAW LIMITED
  26. 2013-11-21
    BURKE, Iain Thomas appointed
    director
  27. 2013-11-21
    BANNERMAN, Rory appointed
    director

Owner dependency

75/100
High — earn-out structure required

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

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.

Succession & seller-readiness

58/100
Strong succession signal

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

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondary12+ year tenure: Director in role 12 years.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

1 med ·
3 director resignations in last 12 months
medium

Multiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.

Evidence: BURKE, Dominic Thomas resigned 2025-07-29; BURKE, Emma Margaret resigned 2025-12-09; BURKE, Patricia resigned 2025-12-18

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr Iain Thomas Burke
Individual · British · DOB 06/1969 · age 57
5075%
50-75% shares21/11/2016
1 historic (ceased) PSC
  • Mr Roderick William Alastair Bannermanceased 18/12/2025· 25-50% shares

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

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
Incorporated2013-11-21
Jurisdictionscotland
Primary SIC69102 — Solicitors

Registered office

Waukrigg Mill
Duke Street
Galashiels
TD1 1QD
Scotland

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-12-05
Last: 2025-11-21

Officers (1 active · 4 resigned)

BURKE, Iain Thomas
director · ~57y · appointed 2013-11-21
View their other companies + combined net worth →
Active
BANNERMAN, Rory
director · ~62y · appointed 2013-11-21 · resigned 2018-08-31
Resigned
BURKE, Dominic Thomas
director · ~27y · appointed 2018-08-31 · resigned 2025-07-29
Resigned
BURKE, Emma Margaret
director · ~29y · appointed 2018-08-31 · resigned 2025-12-09
Resigned
BURKE, Patricia
director · ~58y · appointed 2018-08-31 · resigned 2025-12-18
Resigned

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

Recent filings (38 total)

change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-03-25
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-03-25
confirmation-statement-with-updates
confirmation-statement · CS01
2025-12-18
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-12-18
termination-director-company-with-name-termination-date
officers · TM01
2025-12-18
termination-director-company-with-name-termination-date
officers · TM01
2025-12-09
accounts-with-accounts-type-micro-entity
accounts · AA
2025-09-17
termination-director-company-with-name-termination-date
officers · TM01
2025-07-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-11
accounts-with-accounts-type-micro-entity
accounts · AA
2024-09-30
confirmation-statement-with-updates
confirmation-statement · CS01
2023-12-05
accounts-with-accounts-type-micro-entity
accounts · AA
2023-06-26
confirmation-statement-with-updates
confirmation-statement · CS01
2022-11-21
accounts-with-accounts-type-micro-entity
accounts · AA
2022-09-21
confirmation-statement-with-updates
confirmation-statement · CS01
2021-11-23