VENTURE OILFIELD SERVICES LIMITED

⚰️Wound downdissolved
SC081796 · ltd · incorporated 1983-02-14
Investment thesis
Company dissolved — not a live target.
Why interesting: Historical record only; useful for precedent research.
Why risky: Not transactable.
🔒Estimated value
—
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Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
62/100
Worth a look
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What this business does

Likely provided repair and maintenance services for machinery and equipment used in the oilfield sector, probably supporting upstream oil and gas operations, though the company has since been voluntarily dissolved following a period of filing only minimal statutory accounts.

Primary activity: Repair of machinery
Sector: Manufacturing
ALSO REGISTERED FOR
  • 33190SIC 33190
Investor take
Pass (distressed without resilience)
Distressed unclear — structural issues outweigh the discount.

Opportunity 62/100 (worth a look), bankability 62/100. Strong seller-intent signal (88/100, director aged 71). Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

3 live charges · 3 lenders · oldest 43.0y

35/100
too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

  • · Oldest live charge is 43.0 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (56/100)

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

Company profile
address, 2 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
11 officers (3 active, 11 linked, 6 with DOB)
81
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
123 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
62/100Worth a look
PassWatchWorth a lookStrongExceptional 

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality
30
Concerning — overdue filings or status flags present.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
59
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (39 events)Click to expand
  1. 2024-09-17
    📄
    gazette-dissolved-voluntary
    gazette · GAZ2(A)
  2. 2024-09-17
    🏁
    Company dissolved
  3. 2024-07-02
    📄
    gazette-notice-voluntary
    gazette · GAZ1(A)
  4. 2024-06-25
    📄
    dissolution-application-strike-off-company
    dissolution · DS01
  5. 2023-07-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2022-10-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2021-12-20
    📄
    change-account-reference-date-company-previous-extended
    accounts · AA01
  8. 2020-12-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2019-12-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2018-11-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2018-06-14
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  12. 2018-06-04
    🔒
    Charge registered #3
    Lender: Close Invoice Finance Limited, 10 Crown Place, London, EC2A 4FT ("Close")
  13. 2018-05-03
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  14. 2018-05-03
    🔓
    Charge satisfied #2
  15. 2017-10-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2016-11-21
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  17. 2015-09-18
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  18. 2015-08-13
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  19. 2014-09-06
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  20. 2014-06-23
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  21. 2011-03-04
    🔓
    Charge satisfied #1
  22. 2011-02-10
    🔒
    Charge registered #2
    Lender: Aldermore Invoice Finance
  23. 2005-02-17
    ➕
    PURPLE VENTURE SECRETARIES LIMITED appointed
    corporate-secretary
  24. 2005-02-17
    ➖
    YOUNG & PARTNERS resigned
    corporate-secretary
  25. 2000-01-27
    ➕
    YOUNG & PARTNERS appointed
    corporate-secretary
  26. 1999-12-20
    ➖
    SMART, Grace Watson resigned
    secretary
  27. 1996-02-20
    ➕
    MCCARTNEY, Agnes appointed
    director
  28. 1994-03-31
    ➖
    SMILLIE, James Mcphee Taylor resigned
    director
  29. 1994-03-22
    ➕
    SMART, Grace Watson appointed
    secretary
  30. 1994-03-21
    ➖
    HUNTER, Joseph resigned
    secretary
  31. 1994-03-21
    ➖
    HUNTER, Joseph resigned
    director
  32. 1994-02-08
    ➖
    PRYDE, Andrew John Mcintosh resigned
    director
  33. 1993-07-22
    ➖
    HUNTER, Alan Gilbert resigned
    director
  34. 1991-11-06
    ➕
    PRYDE, Andrew John Mcintosh appointed
    director
  35. 1991-11-06
    ➕
    SMILLIE, James Mcphee Taylor appointed
    director
  36. 1991-08-05
    ➕
    HUNTER, Joseph appointed
    secretary
  37. 1991-08-05
    ➖
    PARTNERS IN MANAGEMENT LIMITED resigned
    corporate-secretary
  38. 1983-06-01
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  39. 1983-02-14
    🏢
    Company incorporated
    As VENTURE OILFIELD SERVICES LIMITED

Owner dependency

91/100
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
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Long-tenure founder: Senior director has been in place 30 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 71 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

96/100
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 71 years old. Natural succession window is now.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 30 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 43 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

1 high · 1 med ·
Company dissolved
high

Company has been dissolved — it no longer legally exists. Any diligence here is historical only.

Evidence: Dissolved on 2024-09-17

Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr William James Mccartney
Individual · British · DOB 05/1955 · age 71
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016
Agnes Mccartney
Individual · British · DOB 09/1956 · age 70
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016

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 →

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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

Statusdissolved
Typeltd
Incorporated1983-02-14
Jurisdictionscotland
Primary SIC33120 — Repair of machinery

Registered office

Viewfield Road
Viewfield Industrial Estate
Glenrothes
Fife
KY6 2RD

Filing status

Accounts
Next due: —
Last made up to: 2022-09-30
Confirmation statement
Next due: —
Last: 2023-08-24

Officers (0 active · 8 resigned)

PURPLE VENTURE SECRETARIES LIMITED→
corporate-secretary · appointed 2005-02-17
View their other companies + combined net worth →
Active
MCCARTNEY, Agnes→
director · ~70y · appointed 1996-02-20
View their other companies + combined net worth →
Active
MCCARTNEY, William James→
director · ~71y
View their other companies + combined net worth →
Active
HUNTER, Joseph→
secretary · appointed 1991-08-05 · resigned 1994-03-21
Resigned
SMART, Grace Watson→
secretary · appointed 1994-03-22 · resigned 1999-12-20
Resigned
PARTNERS IN MANAGEMENT LIMITED→
corporate-secretary · resigned 1991-08-05
Resigned
YOUNG & PARTNERS→
corporate-secretary · appointed 2000-01-27 · resigned 2005-02-17
Resigned
HUNTER, Alan Gilbert→
director · ~65y · resigned 1993-07-22
Resigned
HUNTER, Joseph→
director · ~87y · resigned 1994-03-21
Resigned
PRYDE, Andrew John Mcintosh→
director · ~82y · appointed 1991-11-06 · resigned 1994-02-08
Resigned
SMILLIE, James Mcphee Taylor→
director · ~97y · appointed 1991-11-06 · resigned 1994-03-31
Resigned

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

Mortgages & charges

3
Total charges
1
Outstanding
1
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
outstanding
Close Invoice Finance , 10 Crown Place, London, EC2A 4FT ("Close")
Close Invoice Finance Limited, 10 Crown Place, London, EC2A 4FT ("Close")
A registered charge—04/06/2018—
satisfied
Aldermore
Aldermore Invoice Finance
Floating charge1 property10/02/201103/05/2018
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property01/06/198304/03/2011
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (123 total)

gazette-dissolved-voluntary
gazette · GAZ2(A)
2024-09-17
gazette-notice-voluntary
gazette · GAZ1(A)
2024-07-02
dissolution-application-strike-off-company
dissolution · DS01
2024-06-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-09-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-07-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-10-31
change-account-reference-date-company-previous-extended
accounts · AA01
2021-12-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-09-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-12-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-09-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-12-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-09-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-11-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2018-09-07