ACCESS DRILLING SERVICES LTD.
Opportunity 77/100 (strong), bankability 80/100. 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 (58/100).
Refinance opportunity
2 live charges · oldest 9.8y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 9.8 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: low (46/100)Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Recent activity
- • 1 accounts
Corporate timeline (40 events)Click to expand
- 2026-02-12📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-10-29📄gazette-filings-brought-up-to-dategazette · DISS40
- 2025-10-28📄gazette-notice-compulsorygazette · GAZ1
- 2025-02-12📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-10-18📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-02-15📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-02-02📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-11-08📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2021-11-08📄termination-director-company-with-name-termination-dateofficers · TM01
- 2021-08-11➖NADIN, Marie resignedsecretary
- 2021-08-11➖NADIN, Marie resigneddirector
- 2020-10-23📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-04-30📄change-person-director-company-with-change-dateofficers · CH01
- 2020-04-30📄change-person-secretary-company-with-change-dateofficers · CH03
- 2019-11-10📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-01-08📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-05-14📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2018-01-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2016-10-21🔒Charge registered #2Lender: The Royal Bank of Scotland PLC
- 2016-10-14🔒Charge registered #1Lender: The Royal Bank of Scotland PLC
- 2011-06-24➖WILLIAMS, John Michael resigneddirector
- 2011-06-24➖WILLIAMS, Pauline resigneddirector
- 2004-01-02➕BANCROFT, Paul Oliver appointeddirector
- 2004-01-02➕NADIN, Marie appointedsecretary
- 2004-01-02➖SIMONS, Penny Marie resignedsecretary
- 2004-01-02➕NADIN, Marie appointeddirector
- 2004-01-02➖SHIELDS, Brendan resigneddirector
- 2004-01-02➖SIMONS, Mark Roger resigneddirector
- 2004-01-02➕WILLIAMS, John Michael appointeddirector
- 2004-01-02➕WILLIAMS, Pauline appointeddirector
- 2000-06-01➖SIMONS, Gordon Ernest resigneddirector
- 1994-03-01➕SIMONS, Gordon Ernest appointeddirector
- 1993-04-01➕SIMONS, Penny Marie appointedsecretary
- 1993-04-01➖BRITANNIA COMPANY FORMATIONS LIMITED resignedcorporate-nominee-secretary
- 1993-04-01➕SHIELDS, Brendan appointeddirector
- 1993-04-01➕SIMONS, Mark Roger appointeddirector
- 1993-04-01➖DEANSGATE COMPANY FORMATIONS LIMITED resignedcorporate-nominee-director
- 1993-03-22🏢Company incorporatedAs ACCESS DRILLING SERVICES LTD.
- 1993-03-22➕BRITANNIA COMPANY FORMATIONS LIMITED appointedcorporate-nominee-secretary
- 1993-03-22➕DEANSGATE COMPANY FORMATIONS LIMITED appointedcorporate-nominee-director
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Sole director: Only one active director — all governance concentrated on one person.
- +Long-tenure founder: Senior director has been in place 23 years — deep operational knowledge concentrated in one person.
Succession & seller-readiness
Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- primary20+ year tenure: Director in role 23 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 33 years old and no new directors in the last 3 years — succession not yet being planned internally.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
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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 →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
Registered office
Filing status
Officers (1 active · 10 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | A registered charge | 1 property | 21/10/2016 | — | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | A registered charge | — | 14/10/2016 | — |