INTERNATIONAL MARINE SPECIALISTS LIMITED
💤Zombieactive
02848407 · ltd · incorporated 1993-08-26
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
—
not disclosed
Net worth
—
book net assets
Opportunity
74/100
Strong
What this business does
Primary activity: Non-life insurance
Sector: Financial & insurance
Investor take
PursueStrong opportunity: active trading company with strong profile and acceptable with review structure.
Opportunity 74/100 (strong), bankability 67/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 5 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (73/100).
🏦
Refinance opportunity
6 live charges · 5 lenders · oldest 17.1y
15/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 17.1 years old — likely at or near maturity.
- · 5 lenders named — inter-creditor friction likely.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (60/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Company profile
address, 1 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
6 charges (6/6 with lender, 6/6 with type)
90
Directors & officers
20 officers (2 active, 20 linked, 15 with DOB)
85
Ownership & PSC
1 active PSC(s) of 6 total, 6 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
165 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
74/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
69
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.
Recent activity
Last 30 days
0
filings
Last 90 days
2
filings
- • 2 officers
Last 180 days
2
filings
- • 2 officers
Counts from Companies House filing history.
Corporate timeline (71 events)Click to expand
- 2026-04-15📄termination-director-company-with-name-termination-dateofficers · TM01
- 2026-04-01📄termination-director-company-with-name-termination-dateofficers · TM01
- 2026-03-18➖BLAND, Simon Christopher resigneddirector
- 2026-02-28➖COSTER, Marc resigneddirector
- 2025-10-30📄accounts-with-accounts-type-audit-exemption-subsiduaryaccounts · AA
- 2025-10-30📄legacyaccounts · PARENT_ACC
- 2025-10-30📄legacyother · AGREEMENT2
- 2025-10-30📄legacyother · GUARANTEE2
- 2025-10-13📄legacyother · GUARANTEE2
- 2025-08-15📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2025-08-14📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-07-31➕PEEL, Alistair Charles appointedsecretary
- 2025-07-31➖POWELL, Eliot James resigneddirector
- 2025-03-19📄change-person-director-company-with-change-dateofficers · CH01
- 2025-03-04➕COSTER, Marc appointeddirector
- 2025-03-04➖SEED, Craig Arthur resigneddirector
- 2025-03-04📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-03-04📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-01-15📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-12-20➕POWELL, Eliot James appointeddirector
- 2024-10-01📄accounts-with-accounts-type-smallaccounts · AA
- 2024-08-06📄second-filing-of-confirmation-statement-with-made-up-dateconfirmation-statement · RP04CS01
- 2024-06-10📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-04-02📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-03-27🔒Charge registered #6Lender: Ares Management Limited (The “Security Agent”)
- 2023-08-18📄accounts-with-accounts-type-smallaccounts · AA
- 2023-07-27📄second-filing-of-confirmation-statement-with-made-up-dateconfirmation-statement · RP04CS01
- 2023-07-25📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-07-25🔓Charge satisfied #4
- 2023-07-18📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-07-14🔒Charge registered #5Lender: Ares Management Limited (The “Security Agent”)
- 2022-09-02📄accounts-with-accounts-type-smallaccounts · AA
- 2021-12-10🔓Charge satisfied #3
- 2021-02-26🔒Charge registered #4Lender: Inflexion Private Equity Limited Acting in Its Capacity as Security Trustee
- 2019-02-11➕PAGE, John David appointeddirector
- 2019-02-11➖BRADSHAW, Janet resignedsecretary
- 2019-02-11➕BLAND, Simon Christopher appointeddirector
- 2019-02-11➖BRAMWELL, Iain Duncan resigneddirector
- 2019-02-11➖HUGHES, Richard resigneddirector
- 2019-02-11➕PAGE, John David appointeddirector
- 2019-02-11➖PAGE, John David resigneddirector
- 2019-02-11➖RILEY, David Jason resigneddirector
- 2019-02-11➖ROGERS, Mark Jonathan resigneddirector
- 2019-02-11➖RYAN, Ray Paul resigneddirector
- 2019-02-11➕SEED, Craig Arthur appointeddirector
- 2019-02-11🔒Charge registered #3Lender: Clydesdale Bank PLC (Trading as Both Clydesdale Bank and Yorkshire Bank)
- 2019-01-24🔓Charge satisfied #2
- 2014-10-10➖ABBOTT, David Ian resigneddirector
- 2013-07-22➕ABBOTT, David Ian appointeddirector
- 2013-07-22➕RILEY, David Jason appointeddirector
Showing most recent 50 of 71 events
Owner dependency
83/100
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.
- +Senior director age: Director aged approximately 60 — approaching natural succession window.
Succession & seller-readiness
55/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- secondaryFounder aged 58+: Senior director is approximately 60. Early succession window.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
Red flags
2 med ·3 director resignations in last 12 months
mediumMultiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.
Evidence: BLAND, Simon Christopher resigned 2026-03-18; COSTER, Marc resigned 2026-02-28; POWELL, Eliot James resigned 2025-07-31
Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
Dr & P Group Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Dr & P Group Limited
Corporate parent · holds 75-100% shares · board control
⬇
INTERNATIONAL MARINE SPECIALISTS LIMITED
This company · 02848407
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Dr & P Group Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 20/12/2019 |
5 historic (ceased) PSCs
- Thurstone Ltdceased 20/12/2019· 75-100% shares
- Mr David Jason Rileyceased 31/01/2019· significant influence
- Mr Mark Jonathan Rogersceased 31/01/2019· significant influence
- Mr Iain Duncan Bramwellceased 31/01/2019· significant influence
- Thurstone Ltdceased 20/12/2019· 75-100% shares
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
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|---|---|---|---|---|---|---|---|
| 4ME GROUP LTD→ 10219163 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
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| A P H COMMERCIAL PROPERTY LIMITED→ 10610054 · est 2017 · no financials extracted | — | — | — | — | 9y | — | — |
| AADT LIMITED→ 16827831 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| AARC VENTURES LIMITED→ 15272512 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| AB HUB SERVICES LTD→ 14758378 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| ABCS2 HOLDINGS LTD→ 10411855 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| ADELPHI INSURANCE BROKERS LTD.→ 08333939 · est 2012 · no financials extracted | — | — | — | — | 13y | — | — |
| ADVISERTECH CONNECT LIMITED→ 17124508 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| AFIA COMMERCIAL CONSULTANTS LIMITED→ 12781745 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| AGILE HOLDCO LIMITED→ 09318927 · est 2014 · no financials extracted | — | — | — | — | 11y | — | — |
| AJR LOGISTIX LIMITED→ 15991403 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
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
Typeltd
Incorporated1993-08-26
Jurisdictionengland-wales
Primary SIC65120 — Non-life insurance
Registered office
Universal House, Bramhall Moor Technology Park
Pepper Road
Hazel Grove
Stockport
SK7 5BW
England
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-09-09
Last: 2025-08-26
Officers (2 active · 18 resigned)
PEEL, Alistair Charles→
Activesecretary · appointed 2025-07-31
View their other companies + combined net worth →
PAGE, John David→
Activedirector · ~60y · appointed 2019-02-11
View their other companies + combined net worth →
BRADSHAW, Janet→
Resignedsecretary · appointed 2009-04-07 · resigned 2019-02-11
DUBUS, Michael John→
Resignedsecretary · appointed 1993-09-17 · resigned 2009-04-07
SWIFT INCORPORATIONS LIMITED→
Resignedcorporate-nominee-secretary · appointed 1993-08-26 · resigned 1993-09-17
ABBOTT, David Ian→
Resigneddirector · ~67y · appointed 2013-07-22 · resigned 2014-10-10
BAGSHAW, Robert John→
Resigneddirector · ~65y · appointed 1995-05-24 · resigned 1999-08-31
BLAND, Simon Christopher→
Resigneddirector · ~60y · appointed 2019-02-11 · resigned 2026-03-18
BRAMWELL, Iain Duncan→
Resigneddirector · ~62y · appointed 2009-04-07 · resigned 2019-02-11
COSTER, Marc→
Resigneddirector · ~48y · appointed 2025-03-04 · resigned 2026-02-28
DUBUS, Michael John→
Resigneddirector · ~87y · appointed 1993-09-17 · resigned 2009-04-07
GILBART-SMITH, Oliver Denham→
Resigneddirector · ~79y · appointed 1993-09-17 · resigned 2009-04-07
HUGHES, Richard→
Resigneddirector · ~60y · appointed 2010-10-27 · resigned 2019-02-11
PAGE, John David→
Resigneddirector · ~60y · appointed 2019-02-11 · resigned 2019-02-11
POWELL, Eliot James→
Resigneddirector · ~55y · appointed 2024-12-20 · resigned 2025-07-31
RILEY, David Jason→
Resigneddirector · ~53y · appointed 2013-07-22 · resigned 2019-02-11
ROGERS, Mark Jonathan→
Resigneddirector · ~53y · appointed 2013-07-22 · resigned 2019-02-11
RYAN, Ray Paul→
Resigneddirector · ~53y · appointed 2010-10-27 · resigned 2019-02-11
SEED, Craig Arthur→
Resigneddirector · ~56y · appointed 2019-02-11 · resigned 2025-03-04
INSTANT COMPANIES LIMITED→
Resignedcorporate-nominee-director · appointed 1993-08-26 · resigned 1993-09-17
Click a director name to see their full track record across all companies.
Mortgages & charges
6
Total charges
2
Outstanding
1
Active lenders
Status:Lender:6 of 6 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Ares Management (The “Security Agent”) Ares Management Limited (The “Security Agent”) | A registered charge | 1 property | 27/03/2024 | — | |
| outstanding | Ares Management (The “Security Agent”) Ares Management Limited (The “Security Agent”) | A registered charge | 1 property | 14/07/2023 | — | |
| satisfied | Inflexion Private Equity Acting in Its Capacity as Security Trustee Inflexion Private Equity Limited Acting in Its Capacity as Security Trustee | A registered charge | — | 26/02/2021 | 25/07/2023 | |
| satisfied | Virgin Money Clydesdale Bank PLC (Trading as Both Clydesdale Bank and Yorkshire Bank) | A registered charge | — | 11/02/2019 | 10/12/2021 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Debenture | 1 property | 10/01/2012 | 24/01/2019 | |
| satisfied | HSBC Hsbc Bank PLC | Debenture | 1 property | 08/04/2009 | 31/03/2012 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (165 total)
termination-director-company-with-name-termination-date
officers · TM01
2026-04-15
termination-director-company-with-name-termination-date
officers · TM01
2026-04-01
accounts-with-accounts-type-audit-exemption-subsiduary
accounts · AA
2025-10-30
legacy
accounts · PARENT_ACC
2025-10-30
legacy
other · AGREEMENT2
2025-10-30
legacy
other · GUARANTEE2
2025-10-30
legacy
other · GUARANTEE2
2025-10-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-08
appoint-person-secretary-company-with-name-date
officers · AP03
2025-08-15
termination-director-company-with-name-termination-date
officers · TM01
2025-08-14
change-person-director-company-with-change-date
officers · CH01
2025-03-19
termination-director-company-with-name-termination-date
officers · TM01
2025-03-04
appoint-person-director-company-with-name-date
officers · AP01
2025-03-04
appoint-person-director-company-with-name-date
officers · AP01
2025-01-15
accounts-with-accounts-type-small
accounts · AA
2024-10-01