BORDERS SURPLUS STORE LTD

💤Zombieactive

SC630951 · ltd · incorporated 2019-05-21

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 Apr 2021

Net worth

—

book net assets

Opportunity

54/100

Worth a look

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What this business does

Primary activity: Retail sale of furniture, lighting, and similar (not musical instruments or scores) in specialised stores

Sector: Wholesale & retail

Investor take

Pass (distressed without resilience)

Distressed admin-neglect survivor — structural issues outweigh the discount.

Opportunity 54/100 (worth a look), bankability 45/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: share sale to pe / searcher (38/100). Current lenders should be on monthly review.

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

Lenders & charges

Confirmed no charges registered

Directors & officers

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

Ownership & PSC

1 active PSC(s) of 2 total, 2 with control declared

Director network

4 connected companies via shared directors

Filing history

20 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

54/100Worth a look

PassWatchWorth a lookStrongExceptional

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

Business quality

Concerning — overdue filings or status flags present.

Acquirability

Some acquirability indicators.

Risk profile

Multiple red flags — proceed with caution.

Signal strength

Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

—

Current Assets

—

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2021-04-30	2020-04-30

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

filings

Last 90 days

filings

Last 180 days

filings

Counts from Companies House filing history.

Corporate timeline (22 events)Click to expand

2022-08-16
📄
dissolved-compulsory-strike-off-suspended
dissolution · DISS16(SOAS)
2022-08-10
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-08-09
📄
gazette-notice-compulsory
gazette · GAZ1
2022-08-04
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2021-11-04
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2021-10-08
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2021-09-27
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2021-09-24
📄
change-person-director-company-with-change-date
officers · CH01
2021-09-24
📄
change-person-director-company-with-change-date
officers · CH01
2020-06-29
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2020-06-15
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2020-05-22
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2020-05-22
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2020-05-22
📄
termination-director-company-with-name-termination-date
officers · TM01
2020-05-19
➖
SANDU, Natalie resigned
director
2020-04-30
📄
change-account-reference-date-company-previous-shortened
accounts · AA01
2020-04-30
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2020-04-29
➕
SPAIN, Christopher appointed
director
2020-04-29
📄
appoint-person-director-company-with-name-date
officers · AP01
2019-05-21
🏢
Company incorporated
As BORDERS SURPLUS STORE LTD
2019-05-21
➕
SANDU, Natalie appointed
director
2019-05-21
📄
incorporation-company
incorporation · NEWINC

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

2 high ·

Accounts overdue

high

Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.

Evidence: Next due: 2023-01-31

Confirmation statement overdue

high

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

Evidence: Next due: 2022-06-03

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%

Name	Shares	Voting rights	Nature of control	Notified
Mr Christopher Spain Individual · British · DOB 06/1971 · age 55	75–100%	75–100%	board control75-100% shares · 75-100% voting · board control	19/05/2020

1 historic (ceased) PSC

Mrs Natalie Sanduceased 19/05/2020· 75-100% shares · 75-100% 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 →

Similar companies

Active · Retail · TD postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
A NOTE FROM NORTHUMBERLAND LTD→ 15143854 · est 2023 · no financials extracted	—	—	—	—	2y	—	—
ACTION ALLEY LTD→ 08846230 · est 2014 · no financials extracted	—	—	—	—	12y	—	—
AGRIPARTS (BORDERS) LIMITED→ 03068280 · est 1995 · no financials extracted	—	—	—	—	30y	—	—
ALAA LIMITED→ 15461544 · est 2024 · no financials extracted	—	—	—	—	2y	—	—
ARTOLUSO LTD→ 14398098 · est 2022 · no financials extracted	—	—	—	—	3y	—	—
BARON DE MUSCHAMP LTD→ 14373270 · est 2022 · no financials extracted	—	—	—	—	3y	—	—
BBS (SCOTLAND) LTD→ SC669436 · est 2020 · no financials extracted	—	—	—	—	5y	—	—
BEATSHIELD LTD→ 15754917 · est 2024 · no financials extracted	—	—	—	—	1y	—	—
BERWICK FINE WINES LTD→ 14542466 · est 2022 · no financials extracted	—	—	—	—	3y	—	—
BERWICK SOUVENIRS LIMITED→ 17074440 · est 2026 · no financials extracted	—	—	—	—	—	—	—
BH FIXINGS ONLINE LTD→ SC855354 · est 2025 · no financials extracted	—	—	—	—	—	—	—
BORDER BUTCHERY LIMITED→ SC560850 · est 2017 · no financials extracted	—	—	—	—	9y	—	—

Peers ranked by estimated value, then turnover, then opportunity score.See all →

🔒Tailored diligence questions

10 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

Incorporated2019-05-21

Jurisdictionscotland

Primary SIC47599 — Retail sale of furniture, lighting, and similar (not musical instruments or scores) in specialised stores

Registered office

3 Courthill Farm Cottages

Kelso

Roxburghshire

TD5 7RU

Scotland

Filing status

Accounts

Next due: 2023-01-31OVERDUE

Last made up to: 2021-04-30

Confirmation statement

Next due: 2022-06-03OVERDUE

Last: 2021-05-20

Officers (1 active · 1 resigned)

SPAIN, Christopher→

director · ~55y · appointed 2020-04-29

View their other companies + combined net worth →

Active

SANDU, Natalie→

director · ~48y · appointed 2019-05-21 · resigned 2020-05-19

Resigned

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

Recent filings (20 total)

dissolved-compulsory-strike-off-suspended

dissolution · DISS16(SOAS)

2022-08-16

change-registered-office-address-company-with-date-old-address-new-address

address · AD01

2022-08-10

gazette-notice-compulsory

gazette · GAZ1

2022-08-09

change-registered-office-address-company-with-date-old-address-new-address

address · AD01

2022-08-04

accounts-with-accounts-type-micro-entity

accounts · AA

2021-11-04

change-registered-office-address-company-with-date-old-address-new-address

address · AD01

2021-10-08

change-registered-office-address-company-with-date-old-address-new-address

address · AD01

2021-09-27

change-person-director-company-with-change-date

officers · CH01

2021-09-24

change-person-director-company-with-change-date

officers · CH01

2021-09-24

confirmation-statement-with-updates

confirmation-statement · CS01

2021-05-21

accounts-with-accounts-type-micro-entity

accounts · AA

2020-06-29

change-registered-office-address-company-with-date-old-address-new-address

address · AD01

2020-06-15

confirmation-statement-with-updates

confirmation-statement · CS01

2020-05-22

notification-of-a-person-with-significant-control

persons-with-significant-control · PSC01

2020-05-22

cessation-of-a-person-with-significant-control

persons-with-significant-control · PSC07

2020-05-22