SEADREC LIMITED

💤Zombieactive
SC046928 · ltd · incorporated 1969-09-29
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 Mar 2025
Net worth
—
book net assets
Opportunity
82/100
Exceptional
🔔
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What this business does
Primary activity: Specialised design activities
Sector: Professional, scientific & technical
Investor take
Pursue
Active trading company with a 72-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 85/100. Strong seller-intent signal (93/100, director aged 72). 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 (73/100).

🏦

Refinance opportunity

2 live charges · oldest 33.0y

45/100
under pressure

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

  • · Oldest live charge is 33.0 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: high (82/100)

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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
17 officers (1 active, 17 linked, 11 with DOB)
83
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
123 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
82/100Exceptional
PassWatchWorth a lookStrongExceptional 

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£23k£46k£68k£91k£114kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-03-312024-03-31
Total assets—£62.6k
Current assets—£114.1k
Cash—£10.1k
Debtors—£104.0k
Net assets—£62.6k
Average employees0—

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

🔒Filing-note intelligence

5 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 (44 events)Click to expand
  1. 2025-12-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-12-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-02-21
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  4. 2024-02-21
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  5. 2024-01-31
    ➖
    MACVICAR, Archibald resigned
    secretary
  6. 2024-01-31
    ➖
    MACVICAR, Archibald resigned
    director
  7. 2023-11-09
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2022-12-09
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2021-12-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2020-10-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2020-01-29
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  12. 2020-01-29
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  13. 2020-01-29
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  14. 2019-07-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2018-08-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2017-07-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2016-07-26
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  18. 2015-01-14
    🔓
    Charge satisfied #2
  19. 2015-01-14
    🔓
    Charge satisfied #1
  20. 2013-09-27
    ➕
    MACVICAR, Archibald appointed
    director
  21. 2013-09-26
    ➕
    MACVICAR, Archibald appointed
    secretary
  22. 2013-09-26
    ➖
    MCKINNEY, Brian Anthony resigned
    secretary
  23. 2013-09-26
    ➖
    MCKINNEY, Brian Anthony resigned
    director
  24. 2005-07-31
    ➖
    MACVICAR, Archibald resigned
    director
  25. 1998-06-25
    ➖
    BICKER, William resigned
    director
  26. 1995-05-25
    ➕
    WESTMORE, David Michael appointed
    director
  27. 1995-05-25
    ➕
    BICKER, William appointed
    director
  28. 1995-05-25
    ➖
    GRANT, Charles resigned
    director
  29. 1995-05-25
    ➖
    LAMB, Douglas Crawford resigned
    director
  30. 1995-05-25
    ➕
    MACVICAR, Archibald appointed
    director
  31. 1995-05-25
    ➖
    MCCUTCHEON, John Ernest resigned
    director
  32. 1993-12-30
    ➖
    MCKINNEY, Brian Anthony resigned
    secretary
  33. 1993-12-30
    ➖
    MILLWARD, Brian John resigned
    secretary
  34. 1993-05-17
    🔒
    Charge registered #2
    Lender: The Royal Bank of Scotland PLC
  35. 1993-05-17
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  36. 1993-03-30
    ➕
    MCKINNEY, Brian Anthony appointed
    secretary
  37. 1992-03-18
    ➖
    CROSS, Donald James resigned
    director
  38. 1992-03-18
    ➖
    HAMILTON, James resigned
    director
  39. 1992-02-28
    ➖
    ROBERTSON, Ivan Byarre resigned
    director
  40. 1991-08-09
    ➕
    MILLWARD, Brian John appointed
    secretary
  41. 1991-08-09
    ➖
    MONK, Brian Charles resigned
    secretary
  42. 1989-12-18
    ➖
    LOCKWOOD, Robert Anthony resigned
    director
  43. 1989-04-03
    ➕
    MCKINNEY, Brian Anthony appointed
    director
  44. 1969-09-29
    🏢
    Company incorporated
    As SEADREC LIMITED

Owner dependency

100/100
Critical — business is the founder

The 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.
  • +Long-tenure founder: Senior director has been in place 31 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 72 — succession pressure is live.

Succession & seller-readiness

100/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 72 years old. Natural succession window is now.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • primary20+ year tenure: Director in role 31 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 57 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

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

Group structure

Lobnitz Marine Holdings Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Lobnitz Marine Holdings Limited
Corporate parent · holds 75-100% shares
ultimate parent
⬇
SEADREC LIMITED
This company · SC046928

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%
NameSharesVoting rightsNature of controlNotified
Lobnitz Marine Holdings Limited
Corporate entity
75–100%
75–100%75-100% shares · 75-100% voting06/04/2016
2 historic (ceased) PSCs
  • Mr David Michael Westmoreceased 06/04/2016· 50-75% shares
  • Mr Archibald Macvicarceased 06/04/2016· 25-50% 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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STEWART SHAW HOLDINGS LIMITED→
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——8943y8575y
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£71.3k
£52.5k–£90.1k
£28.6k—2005y8448y
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£6.8k
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£4.2k—1005y8658y
FORBES LESLIE NETWORK LIMITED→
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———023y8276y
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
Incorporated1969-09-29
Jurisdictionscotland
Primary SIC74100 — Specialised design activities

Registered office

Sir James Clark Building
Studio 21, Abbey Business Centre
Seedhill, Paisley
Renfrewshire
PA1 1JT

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-08-14
Last: 2025-07-31

Officers (1 active · 16 resigned)

WESTMORE, David Michael→
director · ~72y · appointed 1995-05-25
View their other companies + combined net worth →
Active
MACVICAR, Archibald→
secretary · appointed 2013-09-26 · resigned 2024-01-31
Resigned
MCKINNEY, Brian Anthony→
secretary · appointed 1993-03-30 · resigned 1993-12-30
Resigned
MCKINNEY, Brian Anthony→
secretary · resigned 2013-09-26
Resigned
MILLWARD, Brian John→
secretary · appointed 1991-08-09 · resigned 1993-12-30
Resigned
MONK, Brian Charles→
secretary · resigned 1991-08-09
Resigned
BICKER, William→
director · ~89y · appointed 1995-05-25 · resigned 1998-06-25
Resigned
CROSS, Donald James→
director · ~97y · resigned 1992-03-18
Resigned
GRANT, Charles→
director · ~90y · resigned 1995-05-25
Resigned
HAMILTON, James→
director · resigned 1992-03-18
Resigned
LAMB, Douglas Crawford→
director · ~83y · resigned 1995-05-25
Resigned
LOCKWOOD, Robert Anthony→
director · ~101y · resigned 1989-12-18
Resigned
MACVICAR, Archibald→
director · ~72y · appointed 2013-09-27 · resigned 2024-01-31
Resigned
MACVICAR, Archibald→
director · ~72y · appointed 1995-05-25 · resigned 2005-07-31
Resigned
MCCUTCHEON, John Ernest→
director · ~92y · resigned 1995-05-25
Resigned
MCKINNEY, Brian Anthony→
director · ~78y · appointed 1989-04-03 · resigned 2013-09-26
Resigned
ROBERTSON, Ivan Byarre→
director · ~87y · resigned 1992-02-28
Resigned

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

Mortgages & charges

2
Total charges
0
Outstanding
0
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Floating charge1 property17/05/199314/01/2015
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Floating charge1 property17/05/199314/01/2015

Recent filings (123 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-31
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-01
termination-director-company-with-name-termination-date
officers · TM01
2024-02-21
termination-secretary-company-with-name-termination-date
officers · TM02
2024-02-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-11-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-07-31
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-09
confirmation-statement-with-updates
confirmation-statement · CS01
2022-08-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-14
confirmation-statement-with-updates
confirmation-statement · CS01
2021-08-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-10-26
confirmation-statement-with-updates
confirmation-statement · CS01
2020-10-23
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2020-01-29