BLP REALISATIONS LIMITED

💤Zombieactive
SC582577 · ltd · incorporated 2017-11-28
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
£178.2k
book net assets
Opportunity
74/100
Strong
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What this business does
Primary activity: Solicitors
Sector: Professional, scientific & technical
Investor take
Pursue
Asset-holding vehicle with a 72-year-old founder — textbook succession opportunity.

Opportunity 74/100 (strong), bankability 75/100. Strong seller-intent signal (60/100, director aged 72). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -88% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (73/100).

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
2 officers (1 active, 2 linked, 2 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
22 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
74/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
65
Adequate — check latest filings for context.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
77
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 £178,226
Net assets shrinking
Down £1,814 YoY
Cash draining
Cash down 88% YoY
Cash YoY
-88%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£2k
↓ 88% YoY
Net Worth
£178k
↓ 1.0% YoY
Current Assets
£150k
↑ 3.0% YoY
Current Liabilities
£0£36k£72k£108k£144k£180kMar 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£178.2k£184.1k
Current assets£150.5k£146.0k
Cash£1.6k£13.6k
Debtors£148.9k£132.5k
Net assets£178.2k£180.0k

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
4
filings
  • 1 change-of-name
  • 1 accounts
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (18 events)Click to expand
  1. 2026-01-19
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  2. 2025-12-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2025-10-31
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  4. 2025-10-27
    HANNAY, James resigned
    director
  5. 2024-11-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2024-02-22
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  7. 2024-02-20
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  8. 2024-02-01
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  9. 2023-12-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2022-12-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2021-12-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2021-03-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2019-08-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2018-09-12
    📄
    change-account-reference-date-company-current-extended
    accounts · AA01
  15. 2017-11-28
    🏢
    Company incorporated
    As BLP REALISATIONS LIMITED
  16. 2017-11-28
    FRASER, Calum appointed
    director
  17. 2017-11-28
    HANNAY, James appointed
    director
  18. 2017-11-28
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

90/100
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.
  • +Founder age: Director aged approximately 72 — succession pressure is live.

Succession & seller-readiness

75/100
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 72 years old. Natural succession window is now.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

Red flags

1 med ·
Name changed recently
medium

Name changes can be benign (rebrand) but can also precede distress, phoenix activity, or buyer concealment.

Evidence: 2026-01-19: certificate-change-of-name-company

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Calum Fraser
Individual · British · DOB 11/1954 · age 72
75100%
75–100%board control75-100% shares · 75-100% voting · board control28/11/2017

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

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
Incorporated2017-11-28
Jurisdictionscotland
Primary SIC69102 — Solicitors

Registered office

34 Castle Street
Rothesay
PA20 9HD
United Kingdom

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-12-11
Last: 2025-11-27

Officers (1 active · 1 resigned)

FRASER, Calum
director · ~72y · appointed 2017-11-28
View their other companies + combined net worth →
Active
HANNAY, James
director · ~74y · appointed 2017-11-28 · resigned 2025-10-27
Resigned

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

Recent filings (22 total)

certificate-change-of-name-company
change-of-name · CERTNM
2026-01-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-12-04
termination-director-company-with-name-termination-date
officers · TM01
2025-10-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-11-27
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-02-22
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-02-20
certificate-change-of-name-company
change-of-name · CERTNM
2024-02-01
confirmation-statement-with-updates
confirmation-statement · CS01
2023-12-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-14
confirmation-statement-with-updates
confirmation-statement · CS01
2022-12-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-12-07