DRILLTEC INTERNATIONAL LIMITED

💤Zombieactive
SC083961 · ltd · incorporated 1983-07-15
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 Dec 2024
Net worth
£-2.45M
book net assets
Opportunity
79/100
Strong
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What this business does
Primary activity: SIC 22290
Sector: Manufacturing
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 79/100 (strong), bankability 77/100. Strong seller-intent signal (80/100, director aged 63). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

8 live charges · 4 lenders · oldest 37.5y

15/100
under pressure

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

  • · Oldest live charge is 37.5 years old — likely at or near maturity.
  • · 4 lenders named — inter-creditor friction likely.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (77/100)

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
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
8 charges (8/8 with lender, 8/8 with type)
90
Directors & officers
19 officers (2 active, 19 linked, 10 with DOB)
81
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
161 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
79/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Negative net assets
Liabilities exceed assets by £2,454,884
Cash YoY
-38%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£26k
↓ 38% YoY
Net Worth
-£2.5m
↓ 2.1% YoY
Current Assets
£35k
↓ 26% YoY
Current Liabilities
—
-£2.5m-£2.0m-£1.5m-£954k-£454k£47kDec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-12-312023-12-31
Total assets£-2.45M£-2.41M
Current assets£34.5k£46.6k
Cash£26.0k£42.0k
Debtors£8.5k£4.6k
Net assets£-2.45M£-2.41M

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

🔒Filing-note intelligence

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

Last 30 days
1
filing
  • • 1 confirmation-statement
Last 90 days
1
filing
  • • 1 confirmation-statement
Last 180 days
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (60 events)Click to expand
  1. 2025-05-30
    📄
    accounts-with-accounts-type-small
    accounts · AA
  2. 2024-05-31
    📄
    accounts-with-accounts-type-small
    accounts · AA
  3. 2023-08-22
    📄
    accounts-with-accounts-type-small
    accounts · AA
  4. 2022-07-18
    📄
    accounts-with-accounts-type-small
    accounts · AA
  5. 2022-05-03
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  6. 2022-05-01
    ➖
    BAKER, Bryan C resigned
    director
  7. 2021-09-30
    📄
    accounts-with-accounts-type-small
    accounts · AA
  8. 2021-04-13
    📄
    accounts-with-accounts-type-small
    accounts · AA
  9. 2021-04-01
    📄
    auditors-resignation-company
    auditors · AUD
  10. 2020-10-29
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  11. 2020-08-31
    ➖
    HUDSON, Peter James resigned
    director
  12. 2019-10-07
    📄
    accounts-with-accounts-type-small
    accounts · AA
  13. 2018-10-05
    📄
    accounts-with-accounts-type-small
    accounts · AA
  14. 2017-11-17
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  15. 2017-11-17
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  16. 2017-11-15
    ➖
    BAXTER, Normile Elliot resigned
    director
  17. 2017-10-02
    📄
    accounts-with-accounts-type-small
    accounts · AA
  18. 2016-09-28
    📄
    accounts-with-accounts-type-full
    accounts · AA
  19. 2014-07-02
    ➖
    REILLY, John resigned
    director
  20. 2013-09-23
    ➕
    REILLY, John appointed
    director
  21. 2003-09-30
    ➖
    FOORD, Cavin resigned
    director
  22. 1999-01-01
    ➕
    FOORD, Cavin appointed
    director
  23. 1998-11-10
    🔓
    Charge satisfied #11
  24. 1998-11-10
    🔓
    Charge satisfied #10
  25. 1997-09-01
    🔓
    Charge satisfied #1
  26. 1997-08-07
    🔓
    Charge satisfied #9
  27. 1997-08-07
    🔓
    Charge satisfied #3
  28. 1997-08-07
    🔓
    Charge satisfied #2
  29. 1997-07-31
    🔒
    Charge registered #11
    Lender: Heller Financial, Inc
  30. 1997-07-31
    🔒
    Charge registered #10
    Lender: Heller Financial, Inc
  31. 1997-03-18
    ➕
    O GRADY, Timothy Edward appointed
    director
  32. 1996-03-01
    ➖
    COLES, John Ronald resigned
    director
  33. 1995-09-11
    ➕
    COLES, John Ronald appointed
    director
  34. 1994-11-17
    🔓
    Charge satisfied #5
  35. 1994-11-17
    🔓
    Charge satisfied #4
  36. 1994-10-11
    ➖
    HYNES, James Francis resigned
    secretary
  37. 1994-10-11
    ➖
    HYNES, James Francis resigned
    director
  38. 1993-12-16
    ➕
    HUDSON, Peter James appointed
    director
  39. 1993-12-16
    ➖
    WOOD, Dale D resigned
    director
  40. 1993-12-07
    ➕
    TOSELAND, Jane Hessie appointed
    secretary
  41. 1993-06-22
    ➖
    HAMEL, Andre M resigned
    director
  42. 1992-12-31
    ➖
    ZEBALLOS, Anita resigned
    secretary
  43. 1992-02-19
    ➕
    ZEBALLOS, Anita appointed
    secretary
  44. 1990-03-21
    ➖
    SETTLE, Dan resigned
    secretary
  45. 1990-03-21
    ➖
    ABOGADO CUSTODIANS LIMITED resigned
    corporate-nominee-secretary
  46. 1990-03-21
    ➖
    DREYFUSS, Edeltrant resigned
    director
  47. 1990-03-21
    ➖
    REMP, Thomas Edward resigned
    director
  48. 1990-03-07
    ➕
    BAKER, Bryan C appointed
    director
  49. 1990-03-07
    ➖
    DREYFUSS, Wilfred Wilhelm resigned
    director
  50. 1990-01-09
    ➕
    HAMEL, Andre M appointed
    director
Showing most recent 50 of 60 events

Owner dependency

93/100
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 29 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 63 — approaching natural succession window.

Succession & seller-readiness

95/100
Likely off-market candidate

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

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 63. Approaching typical UK retirement age — succession thinking likely.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • primary20+ year tenure: Director in role 29 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 med ·
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

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr Timothy Edward Ogrady
Individual · American · DOB 07/1963 · age 63
——sig. influencesignificant influence18/08/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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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
Incorporated1983-07-15
Jurisdictionscotland
Primary SIC22290 — SIC 22290

Registered office

7 Conference Square
Edinburgh
EH3 8AN

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-04-08
Last: 2026-03-25

Officers (2 active · 17 resigned)

TOSELAND, Jane Hessie→
secretary · appointed 1993-12-07
View their other companies + combined net worth →
Active
O GRADY, Timothy Edward→
director · ~63y · appointed 1997-03-18
View their other companies + combined net worth →
Active
HYNES, James Francis→
secretary · resigned 1994-10-11
Resigned
SETTLE, Dan→
secretary · appointed 1989-03-16 · resigned 1990-03-21
Resigned
ZEBALLOS, Anita→
secretary · appointed 1992-02-19 · resigned 1992-12-31
Resigned
ABOGADO CUSTODIANS LIMITED→
corporate-nominee-secretary · appointed 1989-03-16 · resigned 1990-03-21
Resigned
BAKER, Bryan C→
director · ~86y · appointed 1990-03-07 · resigned 2022-05-01
Resigned
BAXTER, Normile Elliot→
director · ~97y · resigned 2017-11-15
Resigned
COLES, John Ronald→
director · ~75y · appointed 1995-09-11 · resigned 1996-03-01
Resigned
DREYFUSS, Edeltrant→
director · resigned 1990-03-21
Resigned
DREYFUSS, Wilfred Wilhelm→
director · resigned 1990-03-07
Resigned
FOORD, Cavin→
director · ~75y · appointed 1999-01-01 · resigned 2003-09-30
Resigned
HAMEL, Andre M→
director · ~82y · appointed 1990-01-09 · resigned 1993-06-22
Resigned
HUDSON, Peter James→
director · ~70y · appointed 1993-12-16 · resigned 2020-08-31
Resigned
HYNES, James Francis→
director · ~85y · resigned 1994-10-11
Resigned
KELLY, Thomas L→
director · resigned 1990-01-09
Resigned
REILLY, John→
director · ~82y · appointed 2013-09-23 · resigned 2014-07-02
Resigned
REMP, Thomas Edward→
director · resigned 1990-03-21
Resigned
WOOD, Dale D→
director · ~88y · resigned 1993-12-16
Resigned

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

Mortgages & charges

8
Total charges
0
Outstanding
0
Active lenders
Status:Lender:8 of 8 shown
TypeProperties
satisfied
Heller Financial,
Heller Financial, Inc
Legal charge1 property31/07/199710/11/1998
satisfied
Heller Financial,
Heller Financial, Inc
Floating charge1 property31/07/199710/11/1998
satisfied
Barclays
Barclays Bank PLC
Legal charge1 property16/06/198907/08/1997
satisfied
Bankers Trust Company
Legal mortgage1 property16/03/198917/11/1994
satisfied
Bankers Trust Company
Bond & floating charge1 property16/03/198917/11/1994
satisfied
First National Bank of Boston
Bond & floating charge1 property16/03/198907/08/1997
satisfied
First National Bank of Boston
Legal mortgage1 property16/03/198907/08/1997
satisfied
Barclays
Barclays Bank PLC
Floating charge1 property17/10/198801/09/1997

Recent filings (161 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-04-09
accounts-with-accounts-type-small
accounts · AA
2025-05-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-25
accounts-with-accounts-type-small
accounts · AA
2024-05-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-25
accounts-with-accounts-type-small
accounts · AA
2023-08-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-27
accounts-with-accounts-type-small
accounts · AA
2022-07-18
termination-director-company-with-name-termination-date
officers · TM01
2022-05-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-28
accounts-with-accounts-type-small
accounts · AA
2021-09-30
accounts-with-accounts-type-small
accounts · AA
2021-04-13
auditors-resignation-company
auditors · AUD
2021-04-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-03-25
termination-director-company-with-name-termination-date
officers · TM01
2020-10-29