ETHICOIL LIMITED
- 38110SIC 38110
- 46330SIC 46330
Opportunity 71/100 (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: distressed disposal / insolvency (65/100).
Data confidence
Overall: medium (72/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Signals from accounts
Derived from iXBRL accounts · FRS 102Key financials
1 year extracted from filed iXBRL accountsFinancials
Extracted from Companies House accounts · FRS 102| Metric | 2024-02-29 |
|---|---|
| Total assets | £-214.8k |
| Current assets | £588.8k |
| Cash | £253.3k |
| Debtors | £335.5k |
| Net assets | £-261.5k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
1 signal 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
- • 1 accounts
- • 1 accounts
Corporate timeline (30 events)Click to expand
- 2026-04-18📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-08-28📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-08-27➖HURD, Dean resigneddirector
- 2025-07-04📄change-person-director-company-with-change-dateofficers · CH01
- 2025-07-01📄gazette-filings-brought-up-to-dategazette · DISS40
- 2025-06-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-05-09📄dissolved-compulsory-strike-off-suspendeddissolution · DISS16(SOAS)
- 2025-04-29📄gazette-notice-compulsorygazette · GAZ1
- 2024-11-05📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-07-02📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-06-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-05-01📄gazette-filings-brought-up-to-dategazette · DISS40
- 2024-04-30📄gazette-notice-compulsorygazette · GAZ1
- 2023-09-08📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2023-09-08📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2023-09-08📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2023-09-08📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2023-07-01📄gazette-filings-brought-up-to-dategazette · DISS40
- 2023-06-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-06-14📄dissolved-compulsory-strike-off-suspendeddissolution · DISS16(SOAS)
- 2023-06-06📄gazette-notice-compulsorygazette · GAZ1
- 2023-04-17📄capital-allotment-sharescapital · SH01
- 2023-04-17📄capital-allotment-sharescapital · SH01
- 2022-11-30➖NOKES, Karl Ross resigneddirector
- 2022-02-14➕HURD, Dean appointeddirector
- 2022-02-14➕NOKES, Karl Ross appointeddirector
- 2020-10-20➖TIMMERMANS, Franciscus Johannes Maria resigneddirector
- 2020-05-11➕HURD, Louis Dean appointeddirector
- 2020-02-14🏢Company incorporatedAs ETHICOIL LIMITED
- 2020-02-14➕TIMMERMANS, Franciscus Johannes Maria appointeddirector
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +Sole director: Only one active director — all governance concentrated on one person.
Succession & seller-readiness
Some succession indicators present. Worth watching; approach if sector/strategy fits.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
Red flags
1 lowMultiple address changes in a short period can indicate operational instability or admin disorder.
Group structure
2 corporate shareholders identified. Group structure is distributed.
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Vestera Ltd Corporate entity | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 01/03/2023 |
Ip2 Holdings Limited Corporate entity | 25–50% | 25–50% | board control25-50% shares · 25-50% voting · board control | 01/03/2023 |
4 historic (ceased) PSCs
- Isync Ai Limitedceased 01/03/2023· 25-50% shares · 25-50% voting
- Mr Dean Hurdceased 01/03/2023· 25-50% shares · 25-50% voting
- Ip2 Holdings Limitedceased 01/06/2021· 25-50% shares · 25-50% voting
- Mr Franciscus Johannes Maria Timmermansceased 31/01/2021· 75-100% shares · 75-100% voting · board control
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
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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 · 3 resigned)
Click a director name to see their full track record across all companies.