BALSTORE PROPERTIES LIMITED
💤Zombieactive
SC687808 · ltd · incorporated 2021-02-02
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 Jul 2025
Net worth
—
book net assets
Opportunity
78/100
Strong
What this business does
Primary activity: Buying and selling of own real estate
Sector: Real estate
Investor take
PursueProperty-backed borrower with a 69-year-old founder — textbook succession opportunity.
Opportunity 78/100 (strong), bankability 80/100. Strong seller-intent signal (60/100, director aged 69). 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
2 live charges · oldest 3.5y
35/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Charge age ~3.5 years — mid-life; refi window approaching.
- · Single lender — cleanest path to refinance.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: high (82/100)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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
2 officers (1 active, 2 linked, 2 with DOB)
90
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
7 connected companies via shared directors
66
Filing history
17 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
78/100Strong
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
85
Few red flags.
Signal strength
100
Good data coverage for analysis.
Key financials
2 years extracted from filed iXBRL accountsCash
—
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 | 2025-07-31 | 2024-07-31 |
|---|---|---|
| Average employees | 100 | 100 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
Recent activity
Last 30 days
1
filing
- • 1 accounts
Last 90 days
1
filing
- • 1 accounts
Last 180 days
1
filing
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (17 events)Click to expand
- 2026-04-13📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2025-04-22📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-04-29📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-11-07📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-11-07📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-11-03🔒Charge registered #2Lender: Shawbrook Bank Limited
- 2022-11-03🔒Charge registered #1Lender: Shawbrook Bank Limited
- 2022-10-31📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-10-31📄change-account-reference-date-company-previous-extendedaccounts · AA01
- 2021-06-10📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2021-06-10📄termination-director-company-with-name-termination-dateofficers · TM01
- 2021-06-10📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2021-02-03➖CAMERON, Sally Ann resigneddirector
- 2021-02-02🏢Company incorporatedAs BALSTORE PROPERTIES LIMITED
- 2021-02-02➕LETLEY, Paul David appointeddirector
- 2021-02-02➕CAMERON, Sally Ann appointeddirector
- 2021-02-02📄incorporation-companyincorporation · NEWINC
Owner dependency
90/100
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.
- +Founder age: Director aged approximately 69 — succession pressure is live.
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 69. 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
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Paul David Letley Individual · British · DOB 05/1957 · age 69 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 02/02/2021 |
1 historic (ceased) PSC
- Sally Ann Cameronceased 03/02/2021· 25-50% shares · 25-50% voting
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 · Property · DD postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| A & S RETAIL INVESTMENTS LTD→ SC558411 · est 2017 · no financials extracted | — | — | — | — | 9y | — | — |
| A S DUNDEE PROPERTIES LTD→ SC860380 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| AMKE PROPERTY LTD→ SC630777 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| ANGUS GLEN PROPERTIES LTD→ SC611076 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| ANREALESTATE LTD→ SC757991 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| ANRG DUNDEE LIMITED→ SC555759 · est 2017 · no financials extracted | — | — | — | — | 9y | — | — |
| ARBROATH CHIPPY LTD→ SC817175 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| ASPEN JOINERS PROPERTY LTD→ SC837886 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| AYMAAR LTD→ SC756566 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| B & KM INVESTMENTS LIMITED→ SC825580 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| BARAS INVESTMENTS LTD→ SC411354 · est 2011 · no financials extracted | — | — | — | — | 14y | — | — |
| BDANDIE DEVELOPMENTS LIMITED→ SC877664 · 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
Incorporated2021-02-02
Jurisdictionscotland
Primary SIC68100 — Buying and selling of own real estate
Registered office
4 Valentine Court
Dunsinane Industrial Estate
Dundee
DD2 3QB
Scotland
Filing status
Accounts
Next due: 2027-04-30
Last made up to: 2025-07-31
Confirmation statement
Next due: 2026-11-04
Last: 2025-10-21
Officers (1 active · 1 resigned)
LETLEY, Paul David→
Activedirector · ~69y · appointed 2021-02-02
View their other companies + combined net worth →
CAMERON, Sally Ann→
Resigneddirector · ~55y · appointed 2021-02-02 · resigned 2021-02-03
Click a director name to see their full track record across all companies.
Mortgages & charges
2
Total charges
2
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Shawbrook Shawbrook Bank Limited | A registered charge | 1 property | 03/11/2022 | — | |
| outstanding | Shawbrook Shawbrook Bank Limited | A registered charge | 1 property | 03/11/2022 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (17 total)
accounts-with-accounts-type-micro-entity
accounts · AA
2026-04-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-09
accounts-with-accounts-type-micro-entity
accounts · AA
2025-04-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-15
accounts-with-accounts-type-micro-entity
accounts · AA
2024-04-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-07-11
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-11-07
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-11-07
accounts-with-accounts-type-micro-entity
accounts · AA
2022-10-31
change-account-reference-date-company-previous-extended
accounts · AA01
2022-10-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-07-08
confirmation-statement-with-updates
confirmation-statement · CS01
2021-06-23
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2021-06-10
termination-director-company-with-name-termination-date
officers · TM01
2021-06-10