BR INDEX LIMITED

💤Zombieactive
SC619224 · ltd · incorporated 2019-01-25
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
£187.9k
book net assets
Opportunity
74/100
Strong
🔔
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What this business does
Primary activity: SIC 25940
Sector: Manufacturing
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 74/100 (strong), bankability 80/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -92% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

1 live charge · oldest 6.5y

45/100
under pressure

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

  • · Oldest live charge is 6.5 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: high (80/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
4 officers (1 active, 4 linked, 4 with DOB)
90
Ownership & PSC
2 active PSC(s) of 5 total, 5 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
38 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
55
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £187,940
Net assets shrinking
Down £8,925 YoY
Cash draining
Cash down 92% YoY
Cash YoY
-92%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£5k
↓ 92% YoY
Net Worth
£188k
↓ 4.5% YoY
Current Assets
£264k
↓ 12% YoY
Current Liabilities
£0£60k£121k£181k£241k£302kDec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-12-312023-12-31
Total assets£199.7k£227.3k
Current assets£264.2k£301.8k
Cash£5.0k£65.5k
Debtors£259.2k£236.3k
Net assets£187.9k£196.9k

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
1
filing
  • 1 confirmation-statement
Last 180 days
1
filing
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (27 events)Click to expand
  1. 2025-10-01
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-03-20
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  3. 2024-12-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-12-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2023-10-31
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  6. 2023-01-27
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  7. 2023-01-27
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  8. 2023-01-27
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  9. 2023-01-27
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  10. 2023-01-13
    BUCHAN, Scott resigned
    director
  11. 2022-07-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2022-02-11
    📄
    capital-allotment-shares
    capital · SH01
  13. 2021-09-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2021-07-20
    📄
    capital-allotment-shares
    capital · SH01
  15. 2021-07-20
    📄
    capital-allotment-shares
    capital · SH01
  16. 2021-07-20
    📄
    capital-allotment-shares
    capital · SH01
  17. 2021-03-09
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  18. 2020-06-19
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  19. 2020-06-03
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  20. 2019-11-26
    COLLINS, Paul Lewis resigned
    director
  21. 2019-11-08
    MCCARTHY, Brian Thomas appointed
    director
  22. 2019-11-08
    ASH, Kathrine Marie resigned
    director
  23. 2019-11-08
    BUCHAN, Scott appointed
    director
  24. 2019-10-14
    🔒
    Charge registered #1
    Lender: Rbs Invoice Finance LTD
  25. 2019-01-25
    🏢
    Company incorporated
    As BR INDEX LIMITED
  26. 2019-01-25
    ASH, Kathrine Marie appointed
    director
  27. 2019-01-25
    COLLINS, Paul Lewis 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

45/100
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.

Red flags

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Group structure

Orbis Index Limited holds 25-50% — a significant corporate investor but not a controlling parent.

🏛️
Orbis Index Limited
Corporate parent · holds 25-50% shares
significant stake
BR INDEX LIMITED
This company · SC619224

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Orbis Index Limited
Corporate entity
2550%
25–50%25-50% shares · 25-50% voting13/01/2023
Mr Brian Thomas Mccarthy
Individual · British · DOB 03/1972 · age 54
2550%
25-50% shares08/11/2019
3 historic (ceased) PSCs
  • Mr Scott Buchanceased 13/01/2023· 25-50% shares
  • Mr Paul Lewis Collinsceased 26/11/2019· 25-50% shares · 25-50% voting · board control
  • Miss Kathrine Marie Ashceased 08/11/2019· 25-50% shares · 25-50% voting · board control

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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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
Incorporated2019-01-25
Jurisdictionscotland
Primary SIC25940 — SIC 25940

Registered office

5 Carden Place
Aberdeen
AB10 1UT
Scotland

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-02-25
Last: 2026-02-11

Officers (1 active · 3 resigned)

MCCARTHY, Brian Thomas
director · ~54y · appointed 2019-11-08
View their other companies + combined net worth →
Active
ASH, Kathrine Marie
director · ~46y · appointed 2019-01-25 · resigned 2019-11-08
Resigned
BUCHAN, Scott
director · ~47y · appointed 2019-11-08 · resigned 2023-01-13
Resigned
COLLINS, Paul Lewis
director · ~47y · appointed 2019-01-25 · resigned 2019-11-26
Resigned

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
NatWest Group
Rbs Invoice Finance LTD
A registered charge14/10/2019
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (38 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-10-01
confirmation-statement-with-updates
confirmation-statement · CS01
2025-03-20
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2025-03-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-28
certificate-change-of-name-company
change-of-name · CERTNM
2023-10-31
confirmation-statement-with-updates
confirmation-statement · CS01
2023-04-14
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2023-01-27
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-01-27
termination-director-company-with-name-termination-date
officers · TM01
2023-01-27
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-01-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-07-29
confirmation-statement-with-updates
confirmation-statement · CS01
2022-02-11