MB NORLAN BF362 LLP

💤Zombieactive

SO300027 · llp · incorporated 2001-08-29

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 Dec 2024

Net worth

£2.80M

book net assets

Opportunity

73/100

Strong

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Investor take

Pursue

Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 73/100 (strong), bankability 80/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -56% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: strategic trade sale (63/100).

🏦

Refinance opportunity

4 live charges · oldest 23.6y

45/100

under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

· Oldest live charge is 23.6 years old — likely at or near maturity.
· Single lender — cleanest path to refinance.
· Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (67/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile

address, no SIC, incorporation date

Financials

2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed

Lenders & charges

4 charges (4/4 with lender, 4/4 with type)

Directors & officers

9 officers (5 active, 9 linked, 4 with DOB)

Ownership & PSC

No PSCs filed (unusual — worth investigating)

Director network

Network not yet resolved

Filing history

78 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

73/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Active, clean filings, stable charge profile.

Acquirability

Some acquirability indicators.

Risk profile

Few red flags.

Signal strength

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared

Positive net assets

Net assets £2,800,684

Net assets shrinking

Down £74,869 YoY

Cash draining

Cash down 56% YoY

Cash YoY

-56%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£135k

↓ 56% YoY

Net Worth

£2.8m

↓ 2.6% 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	2024-12-31	2023-12-31
Cash	£135.3k	£305.3k
Net assets	£2.80M	£2.88M

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

🔒Filing-note intelligence

3 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

filing

• 1 officers

Last 90 days

filing

• 1 officers

Last 180 days

filing

• 1 officers

Counts from Companies House filing history.

Corporate timeline (44 events)Click to expand

2026-05-07
📄
change-corporate-member-limited-liability-partnership-with-name-change-date
officers · LLCH02
2025-06-16
📄
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2025-05-30
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-20
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-06-06
📄
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2024-02-06
📄
change-corporate-member-limited-liability-partnership-with-name-change-date
officers · LLCH02
2023-10-18
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date-limited-liability-partnership
mortgage · LLMR01
2023-10-18
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date-limited-liability-partnership
mortgage · LLMR01
2023-10-10
🔒
Charge registered #4
Lender: The Royal Bank of Scotland PLC
2023-10-10
🔒
Charge registered #3
Lender: The Royal Bank of Scotland PLC
2023-09-29
📄
change-corporate-member-limited-liability-partnership-with-name-change-date
officers · LLCH02
2023-09-25
✏️
change-of-status-limited-liability-partnership
change-of-name · LLDE01
2023-09-21
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-06-13
📄
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2023-06-13
📄
appoint-corporate-member-limited-liability-partnership-with-appointment-date
officers · LLAP02
2023-06-06
📄
change-corporate-member-limited-liability-partnership-with-name-change-date
officers · LLCH02
2023-05-25
📄
appoint-corporate-member-limited-liability-partnership-with-appointment-date
officers · LLAP02
2023-05-18
📄
mortgage-satisfy-charge-full-limited-liability-partnership
mortgage · LLMR04
2023-05-18
🔓
Charge satisfied #2
2023-05-16
📍
change-registered-office-address-limited-liability-partnership-with-date-old-address-new-address
address · LLAD01
2023-05-10
➕
DENHOLM FISHSELLING LIMITED appointed
corporate-llp-designated-member
2023-05-10
➕
NICOL RITCHIE FISHING LIMITED appointed
corporate-llp-member
2022-12-19
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-11-01
📄
change-corporate-member-limited-liability-partnership-with-name-change-date
officers · LLCH02
2022-11-01
📍
change-registered-office-address-limited-liability-partnership-with-date-old-address-new-address
address · LLAD01
2022-06-07
📄
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2021-12-23
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-06-25
📄
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2021-03-31
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-06-22
📄
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2016-01-01
➕
ARP FISHING LIMITED appointed
corporate-llp-designated-member
2016-01-01
➖
PIRIE, George West resigned
llp-designated-member
2015-04-06
➕
MARKCOVE LIMITED appointed
corporate-llp-designated-member
2015-04-06
➖
PIRIE, George Copeland resigned
llp-designated-member
2014-04-06
➖
PIRIE, Douglas Gordon resigned
llp-designated-member
2014-04-06
➖
PIRIE, Edna resigned
llp-designated-member
2002-10-25
🔒
Charge registered #2
Lender: The Royal Bank of Scotland PLC
2002-10-09
🔒
Charge registered #1
Lender: The Royal Bank of Scotland PLC
2001-08-29
🏢
Company incorporated
As MB NORLAN BF362 LLP
2001-08-29
➕
GK FISHING LTD appointed
corporate-llp-designated-member
2001-08-29
➕
PIRIE, Douglas Gordon appointed
llp-designated-member
2001-08-29
➕
PIRIE, Edna appointed
llp-designated-member
2001-08-29
➕
PIRIE, George Copeland appointed
llp-designated-member
2001-08-29
➕
PIRIE, George West appointed
llp-designated-member

Owner dependency

50/100

Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

Succession & seller-readiness

40/100

Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS

secondaryStable-but-static management: Company is 25 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

clean

No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Similar companies

Active · same sector · AB postcode area

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VICTORIA GARAGE (MAUD) LTD.→ SC231717 · est 2002 · no financials extracted	—	—	—	—	23y	—	—
W.&I. RAE (INVESTMENTS) LIMITED→ SC077370 · est 1982 · no financials extracted	—	—	—	—	44y	—	—
WILDNEST KINDERGARTEN LIMITED→ SC846846 · est 2025 · no financials extracted	—	—	—	—	—	—	—
WILDSCOT GAMEDEALER LIMITED→ SC823743 · est 2024 · no financials extracted	—	—	—	—	1y	—	—
WILFLOW LTD→ SC742031 · est 2022 · no financials extracted	—	—	—	—	3y	—	—
WILKINSON ENGINEERING GROUP LTD→ SC800895 · est 2024 · no financials extracted	—	—	—	—	2y	—	—
WILL (INVERURIE) HOLDINGS LIMITED→ SC511328 · est 2015 · no financials extracted	—	—	—	—	10y	—	—
WILL WEALTH MANAGEMENT LTD→ SC581743 · est 2017 · no financials extracted	—	—	—	—	8y	—	—
WILLAU (HUNTLY) LIMITED→ SC881516 · est 2026 · no financials extracted	—	—	—	—	—	—	—
WILLEMSTAD LP→ SL014422 · est 2013 · no financials extracted	—	—	—	—	12y	—	—
WILLIAM ANDERSON CARS LTD→ SC397025 · est 2011 · no financials extracted	—	—	—	—	15y	—	—
WILLIAM GRANT & SONS ENTERPRISES LIMITED→ SC196614 · est 1999 · no financials extracted	—	—	—	—	26y	—	—

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.

See pricing →

Company details

Statusactive

Typellp

Incorporated2001-08-29

Jurisdictionscotland

Primary SIC—

Registered office

22 Commercial Road

Buckie

AB56 1UQ

Scotland

Filing status

Accounts

Next due: 2026-09-30

Last made up to: 2024-12-31

Confirmation statement

Next due: 2026-06-20

Last: 2025-06-06