BALMORE HOUSE LIMITED
💤Zombieactive
SC635743 · ltd · incorporated 2019-07-10
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 Jun 2025
Net worth
£1.97M
book net assets
Opportunity
73/100
Strong
What this business does
Primary activity: Hotels and similar accommodation
Sector: Accommodation & food service
Investor take
PursueStrong opportunity: active trading company with strong profile and acceptable with review structure.
Opportunity 73/100 (strong), bankability 70/100. 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 (73/100).
🏦
Refinance opportunity
5 live charges · oldest 6.7y
45/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 6.7 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Distress signals active — lender appetite narrows.
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
5 charges (5/5 with lender, 5/5 with type)
90
Directors & officers
1 officers (1 active, 1 linked, 1 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
30 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
73/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
55
Adequate — check latest filings for context.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
79
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £1,972,689
Cash YoY
-11%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£190k
↓ 11% YoY
Net Worth
£2.0m
↑ 24% YoY
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-06-30 | 2024-06-30 |
|---|---|---|
| Cash | £189.9k | £212.2k |
| Net assets | £1.97M | £1.59M |
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
0
filings
Last 90 days
1
filing
- • 1 accounts
Last 180 days
1
filing
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (25 events)Click to expand
- 2026-02-16📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-06-23📍move-registers-to-registered-office-company-with-new-addressaddress · AD04
- 2025-01-31📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-10-16📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-09-25📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-08-01📄change-person-director-company-with-change-dateofficers · CH01
- 2023-08-01📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2022-12-07📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-08-03📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2022-04-06📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-04-06📄change-account-reference-date-company-current-shortenedaccounts · AA01
- 2021-04-09📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-12-19📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2019-11-12📄capital-allotment-sharescapital · SH01
- 2019-08-16📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2019-08-13📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2019-08-13📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2019-08-13📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2019-08-09🔒Charge registered #4Lender: Bank of Scotland PLC
- 2019-08-09🔒Charge registered #3Lender: Bank of Scotland PLC
- 2019-08-09🔒Charge registered #2Lender: Bank of Scotland PLC
- 2019-08-09🔒Charge registered #1Lender: Bank of Scotland PLC
- 2019-08-01🔒Charge registered #5Lender: Bank of Scotland PLC
- 2019-07-10🏢Company incorporatedAs BALMORE HOUSE LIMITED
- 2019-07-10➕NOAFSHAR, Bahman appointeddirector
Owner dependency
88/100
Critical — business is the founderThe 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.
- +Senior director age: Director aged approximately 63 — approaching natural succession window.
- +No director turnover: Company is 7 years old with no director changes — suggests a very tight-knit founder team never broadened.
Succession & seller-readiness
65/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- primaryFounder aged 63+: Senior director is approximately 63. Approaching typical UK retirement age — succession thinking likely.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
Red flags
2 low5 live charges
lowHeavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Multiple registered office changes
lowMultiple address changes in a short period can indicate operational instability or admin disorder.
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Bahman Noafshar Individual · British · DOB 08/1963 · age 63 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 10/07/2019 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Similar companies
Active · Hospitality · EH postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| ASHCOM INTERNATIONAL LIMITED→ SC311669 · est 2006 · no financials extracted | — | — | — | — | 19y | — | — |
| ASRAA FAST FOOD LIMITED→ SC740270 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| ATLAS HOTELS (STIRLING) LIMITED→ SC156661 · est 1995 · no financials extracted | — | — | — | — | 31y | — | — |
| ATRIUM STUDENT ACCOMMODATION LTD→ SC732320 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| AUNTY D LTD→ SC796969 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| AVAILABILITY SOLUTIONS LTD→ SC706678 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| AY SCOTLAND LIMITED→ SC841672 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| BACCO LIMITED→ SC620609 · est 2019 · no financials extracted | — | — | — | — | 7y | — | — |
| BAGETTE EXPRESS BATHGATE LTD→ SC818774 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| BALLARO 2 LTD→ SC862962 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| BALSAMO LTD→ SC698154 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| BALTRENON PROPRETY LIMITED→ SC879856 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
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
Incorporated2019-07-10
Jurisdictionscotland
Primary SIC55100 — Hotels and similar accommodation
Registered office
C/O Johnston Carmichael
7-11 Melville Street
Edinburgh
EH3 7PE
Scotland
Filing status
Accounts
Next due: 2027-03-31
Last made up to: 2025-06-30
Confirmation statement
Next due: 2026-08-15
Last: 2025-08-01
Officers (1 active · 0 resigned)
NOAFSHAR, Bahman→
Activedirector · ~63y · appointed 2019-07-10
View their other companies + combined net worth →
Click a director name to see their full track record across all companies.
Mortgages & charges
5
Total charges
5
Outstanding
1
Active lenders
Status:Lender:5 of 5 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 09/08/2019 | — | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 09/08/2019 | — | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 09/08/2019 | — | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 09/08/2019 | — | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC | A registered charge | — | 01/08/2019 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (30 total)
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-02-16
confirmation-statement-with-updates
confirmation-statement · CS01
2025-08-15
move-registers-to-registered-office-company-with-new-address
address · AD04
2025-06-23
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-01-31
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-10-16
confirmation-statement-with-updates
confirmation-statement · CS01
2024-08-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-25
change-person-director-company-with-change-date
officers · CH01
2023-08-01
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-08-01
confirmation-statement-with-updates
confirmation-statement · CS01
2023-08-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-07
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-08-03
confirmation-statement-with-updates
confirmation-statement · CS01
2022-08-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-04-06
change-account-reference-date-company-current-shortened
accounts · AA01
2022-04-06