BALMARTIN PROPERTIES LIMITED

🌿Early-stageactive
SC765265 · ltd · incorporated 2023-04-06
Investment thesis
Growth-phase business — story-led; valuation sensitive to momentum.
Why interesting: Trading is scaling; acquirers paying for trajectory get disproportionate leverage.
Why risky: Price often leads fundamentals; dependency on founder often high.
🔒Estimated value
Upgrade to see
Turnover
year to Apr 2025
Net worth
£-20.9k
book net assets
Opportunity
67/100
Strong
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What this business does
Primary activity: Other holiday and other collective accommodation
Sector: Accommodation & food service
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 67/100 (strong), bankability 60/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: Confirmation statement overdue. Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal. 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 (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
5 connected companies via shared directors
60
Filing history
14 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
67/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
50
Adequate — check latest filings for context.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Negative net assets
Liabilities exceed assets by £20,874

Key financials

2 years extracted from filed iXBRL accounts
Cash
£3k
Net Worth
-£21k
Current Assets
£4k
Current Liabilities
-£21k-£16k-£11k-£6k-£1k£4kApr 2024Apr 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-04-302024-04-30
Total assets£-20.9k
Current assets£3.9k
Cash£3.4k
Debtors£500
Net assets£-20.9k
Average employees200

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
0
filings
Last 180 days
1
filing
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (15 events)Click to expand
  1. 2025-10-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-02-06
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  3. 2025-01-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-04-26
    📄
    capital-variation-of-rights-attached-to-shares
    capital · SH10
  5. 2023-04-26
    📄
    capital-name-of-class-of-shares
    capital · SH08
  6. 2023-04-26
    📄
    capital-allotment-shares
    capital · SH01
  7. 2023-04-24
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  8. 2023-04-24
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  9. 2023-04-24
    📄
    memorandum-articles
    incorporation · MA
  10. 2023-04-24
    📄
    memorandum-articles
    incorporation · MA
  11. 2023-04-24
    📄
    resolution
    resolution · RESOLUTIONS
  12. 2023-04-06
    🏢
    Company incorporated
    As BALMARTIN PROPERTIES LIMITED
  13. 2023-04-06
    MACKAY, Iain Ruaraidh appointed
    director
  14. 2023-04-06
    MACKAY, Jane Elizabeth appointed
    director
  15. 2023-04-06
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

74/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Senior director age: Director aged approximately 64 — approaching natural succession window.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

56/100
Strong succession signal

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

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 64. Approaching typical UK retirement age — succession thinking likely.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

Red flags

1 high ·
Confirmation statement overdue
high

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

Evidence: Next due: 2026-04-19

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Jane Elizabeth Mackay
Individual · British · DOB 02/1965 · age 61
25–50%25-50% voting20/04/2023
Mr Iain Ruaraidh Mackay
Individual · British · DOB 09/1962 · age 64
25–50%25-50% voting06/04/2023

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

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
Incorporated2023-04-06
Jurisdictionscotland
Primary SIC55209 — Other holiday and other collective accommodation

Registered office

9 James Gall Wynd
Edinburgh
EH16 5FF
Scotland

Filing status

Accounts
Next due: 2027-01-31
Last made up to: 2025-04-30
Confirmation statement
Next due: 2026-04-19OVERDUE
Last: 2025-04-05

Officers (2 active · 0 resigned)

MACKAY, Iain Ruaraidh
director · ~64y · appointed 2023-04-06
View their other companies + combined net worth →
Active
MACKAY, Jane Elizabeth
director · ~61y · appointed 2023-04-06
View their other companies + combined net worth →
Active

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

Recent filings (14 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-10-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-17
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-02-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-01-06
confirmation-statement-with-updates
confirmation-statement · CS01
2024-05-12
capital-variation-of-rights-attached-to-shares
capital · SH10
2023-04-26
capital-name-of-class-of-shares
capital · SH08
2023-04-26
capital-allotment-shares
capital · SH01
2023-04-26
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2023-04-24
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-04-24
memorandum-articles
incorporation · MA
2023-04-24
memorandum-articles
incorporation · MA
2023-04-24
resolution
resolution · RESOLUTIONS
2023-04-24
incorporation-company
incorporation · NEWINC
2023-04-06