BARE BRAE LTD

💤Zombieactive
SC688588 · ltd · incorporated 2021-02-09
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 Feb 2025
Net worth
£285.7k
book net assets
Opportunity
76/100
Strong
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What this business does
Primary activity: SIC 46342
Sector: Wholesale & retail
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 76/100 (strong), bankability 75/100. 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).

Data confidence

Overall: high (81/100)

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
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
8 connected companies via shared directors
69
Filing history
21 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
76/100Strong
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
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £285,748

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
£286k
↑ 56% YoY
Current Assets
£183k
↑ 68% YoY
Current Liabilities
£0£57k£114k£171k£229k£286kFeb 2024Feb 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-02-282024-02-28
Total assets£285.7k£183.6k
Current assets£183.2k£109.2k
Net assets£285.7k£183.6k

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

Recent activity

Last 30 days
0
filings
Last 90 days
5
filings
  • 2 gazette
  • 1 confirmation-statement
  • 1 address
Last 180 days
5
filings
  • 2 gazette
  • 1 confirmation-statement
  • 1 address
Counts from Companies House filing history.
Corporate timeline (20 events)Click to expand
  1. 2026-02-06
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  2. 2026-02-05
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  3. 2026-02-05
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2026-02-03
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  5. 2025-01-29
    📄
    change-person-director-company-with-change-date
    officers · CH01
  6. 2025-01-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2024-03-19
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  8. 2023-11-30
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  9. 2023-11-09
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  10. 2023-05-19
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  11. 2023-03-07
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  12. 2023-01-03
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  13. 2022-02-10
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  14. 2021-06-03
    BERKHOUT, Jozef Nicolaas Maria resigned
    director
  15. 2021-06-03
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  16. 2021-06-03
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  17. 2021-02-09
    🏢
    Company incorporated
    As BARE BRAE LTD
  18. 2021-02-09
    FRASER, Alan James appointed
    director
  19. 2021-02-09
    BERKHOUT, Jozef Nicolaas Maria appointed
    director
  20. 2021-02-09
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

83/100
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.
  • +Senior director age: Director aged approximately 59 — approaching natural succession window.

Succession & seller-readiness

55/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 59. Early succession window.
  • 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.)

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Alan James Fraser
Individual · British · DOB 07/1967 · age 59
75100%
75-100% shares09/02/2021

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.

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Company details

Statusactive
Typeltd
Incorporated2021-02-09
Jurisdictionscotland
Primary SIC46342 — SIC 46342

Registered office

2b Strathenry Mill Leslies
Leslie
Glenrothes
KY6 3HU
Scotland

Filing status

Accounts
Next due: 2026-11-30
Last made up to: 2025-02-28
Confirmation statement
Next due: 2027-02-22
Last: 2026-02-08

Officers (1 active · 1 resigned)

FRASER, Alan James
director · ~59y · appointed 2021-02-09
View their other companies + combined net worth →
Active
BERKHOUT, Jozef Nicolaas Maria
director · ~64y · appointed 2021-02-09 · resigned 2021-06-03
Resigned

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

Recent filings (21 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2026-03-01
gazette-filings-brought-up-to-date
gazette · DISS40
2026-02-06
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-02-05
accounts-with-accounts-type-micro-entity
accounts · AA
2026-02-05
gazette-notice-compulsory
gazette · GAZ1
2026-02-03
confirmation-statement-with-updates
confirmation-statement · CS01
2025-03-17
change-person-director-company-with-change-date
officers · CH01
2025-01-29
accounts-with-accounts-type-micro-entity
accounts · AA
2025-01-28
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-03-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-09
accounts-with-accounts-type-dormant
accounts · AA
2023-11-30
accounts-with-accounts-type-dormant
accounts · AA
2023-11-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-13
gazette-filings-brought-up-to-date
gazette · DISS40
2023-05-19
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-03-07