SD BUILDERS (FORFAR) LIMITED

💤Zombieactive

SC472901 · ltd · incorporated 2014-03-19

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 Mar 2025

Net worth

£184

book net assets

Opportunity

64/100

Worth a look

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What this business does

Primary activity: Other specialised construction activities n.e.c.

Sector: Construction

Investor take

Special-situation opportunity

Distressed construction with salvageable qualities — special-situations priority.

Opportunity 64/100 (worth a look), bankability 65/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: Confirmation statement overdue. Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal. Most likely exit: share sale to pe / searcher (58/100).

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

Lenders & charges

Confirmed no charges registered

Directors & officers

2 officers (2 active, 2 linked, 1 with DOB)

Ownership & PSC

1 active PSC(s) of 1 total, 1 with control declared

Director network

Network not yet resolved

Filing history

24 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

64/100Worth a look

PassWatchWorth a lookStrongExceptional

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality

Adequate — check latest filings for context.

Acquirability

Some acquirability indicators.

Risk profile

Some moderate concerns — review flags.

Signal strength

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared

Positive net assets

Net assets £184

Net assets shrinking

Down £7,758 YoY

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

£184

↓ 98% YoY

Current Assets

£6k

↓ 30% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2025-03-31	2024-03-31
Total assets	£8.7k	£7.9k
Current assets	£5.8k	£8.2k
Net assets	£184	£7.9k

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

Recent activity

Last 30 days

filings

Last 90 days

filings

Last 180 days

filing

• 1 accounts

Counts from Companies House filing history.

Corporate timeline (17 events)Click to expand

2026-01-15
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2024-11-19
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2023-12-07
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2022-12-19
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2021-12-20
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2021-01-15
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2019-12-24
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2018-12-28
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2017-12-06
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2016-12-06
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2016-05-09
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2015-10-22
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2015-03-23
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2014-03-19
🏢
Company incorporated
As SD BUILDERS (FORFAR) LIMITED
2014-03-19
➕
DAVIDSON, Jennifer appointed
secretary
2014-03-19
➕
DAVIDSON, Scott appointed
director
2014-03-19
📄
incorporation-company
incorporation · NEWINC

Owner dependency

80/100

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.
+No director turnover: Company is 12 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

53/100

Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

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.

Red flags

1 high ·

Confirmation statement overdue

high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2026-03-31

Shareholders & ownership

1 active beneficial owner

Name	Shares	Voting rights	Nature of control	Notified
Mrs Jennifer Elizabeth Davidson Individual · British · DOB 12/1969 · age 57	—	—	sig. influencesignificant influence	01/12/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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ANGUS DECORATING COMPANY LIMITED→ SC056282 · est 1974	£605.6k £432.6k–£778.6k	—	—	6300	51y	83	63y
FLAGSHIP PROPERTY CARE LIMITED→ SC560189 · est 2017	£34.1k £24.4k–£43.9k	—	—	0	9y	83	83y
DOUBLE KWIK SCAFFOLDING LIMITED→ SC145539 · est 1993	—	—	—	—	32y	83	65y
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JACKSON STEEL STRUCTURES LIMITED→ SC047786 · est 1970	—	—	£1.45M	—	55y	83	60y
JAMES LAMMOND LIMITED→ SC258479 · est 2003	—	—	—	3800	22y	83	62y
M & M PLUMBING & HEATING SUPPLIES LIMITED→ SC333448 · est 2007	—	—	—	2300	18y	83	63y
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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.

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Company details

Statusactive

Typeltd

Incorporated2014-03-19

Jurisdictionscotland

Primary SIC43999 — Other specialised construction activities n.e.c.

Registered office

7 Dunnichen Avenue

Gowanbank

Forfar

Angus

DD8 2UT

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-31

Confirmation statement

Next due: 2026-03-31OVERDUE

Last: 2025-03-17

Officers (2 active · 0 resigned)

DAVIDSON, Jennifer→

secretary · appointed 2014-03-19

View their other companies + combined net worth →

Active

DAVIDSON, Scott→

director · ~55y · appointed 2014-03-19

View their other companies + combined net worth →

Active

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