SDH LIMITED

💤Zombieactive
SC098177 · ltd · incorporated 1986-04-02
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 May 2025
Net worth
£122.9k
book net assets
Opportunity
75/100
Strong
🔔
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What this business does
Primary activity: Activities of head offices
Sector: Professional, scientific & technical
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 75/100 (strong), bankability 85/100. 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: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

1 live charge · oldest 33.5y

45/100
under pressure

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

  • · Oldest live charge is 33.5 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (79/100)

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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
8 officers (1 active, 8 linked, 5 with DOB)
83
Ownership & PSC
0 active PSC(s) of 2 total, 2 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
122 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
75/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
55
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £122,940
Net assets shrinking
Down £1,440 YoY
Cash YoY
+0%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£4k
~ YoY
Net Worth
£123k
↓ 1.2% YoY
Current Assets
£246k
~ YoY
Current Liabilities
£0£49k£98k£147k£197k£246kMay 2024May 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-05-052024-05-05
Total assets£122.9k£124.4k
Current assets£245.8k£245.8k
Cash£4.2k£4.2k
Debtors£131.5k£131.5k
Net assets£122.9k£124.4k

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

🔒Filing-note intelligence

2 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 (35 events)Click to expand
  1. 2026-01-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-04-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2025-01-14
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  4. 2024-02-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2023-12-22
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  6. 2023-12-22
    📄
    change-person-director-company-with-change-date
    officers · CH01
  7. 2023-12-22
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  8. 2023-09-03
    BELL, Douglas Leonard Arthur resigned
    director
  9. 2023-05-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2022-02-03
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2021-05-06
    📄
    notification-of-a-person-with-significant-control-statement
    persons-with-significant-control · PSC08
  12. 2021-05-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2021-04-21
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  14. 2021-04-21
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  15. 2021-04-21
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  16. 2021-03-23
    BELL, Gertrude Susan resigned
    secretary
  17. 2021-03-23
    BELL, Gertrude Susan resigned
    director
  18. 2020-09-15
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  19. 2020-09-15
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  20. 2020-09-04
    BELL, Gillian Sarah appointed
    director
  21. 2020-09-04
    BELL, Douglas Leonard Arthur appointed
    director
  22. 2020-01-10
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  23. 2019-11-26
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  24. 2019-11-05
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  25. 2015-09-29
    BELL, Arthur John Armstrong resigned
    director
  26. 1999-12-16
    🔓
    Charge satisfied #1
  27. 1995-08-14
    BELL, Gertrude Susan appointed
    secretary
  28. 1995-08-14
    RITCHIE, Alan Bruce resigned
    secretary
  29. 1995-08-14
    BELL, Gertrude Susan appointed
    director
  30. 1995-08-14
    RITCHIE, Alan Bruce resigned
    director
  31. 1992-11-12
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  32. 1991-11-28
    BELL, Gertrude Susan resigned
    secretary
  33. 1991-11-28
    RITCHIE, Alan Bruce appointed
    secretary
  34. 1991-11-28
    RITCHIE, Alan Bruce appointed
    director
  35. 1986-04-02
    🏢
    Company incorporated
    As SDH LIMITED

Owner dependency

75/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.

Succession & seller-readiness

55/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondaryStable-but-static management: Company is 40 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

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

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
Incorporated1986-04-02
Jurisdictionscotland
Primary SIC70100 — Activities of head offices

Registered office

Academy House
Shedden Park Road
Kelso
Roxburghshire
TD5 7AL
Scotland

Filing status

Accounts
Next due: 2027-02-05
Last made up to: 2025-05-05
Confirmation statement
Next due: 2026-05-11
Last: 2025-04-27

Officers (1 active · 7 resigned)

BELL, Gillian Sarah
director · ~52y · appointed 2020-09-04
View their other companies + combined net worth →
Active
BELL, Gertrude Susan
secretary · appointed 1995-08-14 · resigned 2021-03-23
Resigned
BELL, Gertrude Susan
secretary · resigned 1991-11-28
Resigned
RITCHIE, Alan Bruce
secretary · appointed 1991-11-28 · resigned 1995-08-14
Resigned
BELL, Arthur John Armstrong
director · ~80y · resigned 2015-09-29
Resigned
BELL, Douglas Leonard Arthur
director · ~45y · appointed 2020-09-04 · resigned 2023-09-03
Resigned
BELL, Gertrude Susan
director · ~80y · appointed 1995-08-14 · resigned 2021-03-23
Resigned
RITCHIE, Alan Bruce
director · ~70y · appointed 1991-11-28 · resigned 1995-08-14
Resigned

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

Mortgages & charges

1
Total charges
0
Outstanding
0
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Floating charge1 property12/11/199216/12/1999

Recent filings (122 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-01-21
confirmation-statement-with-updates
confirmation-statement · CS01
2025-05-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-04-14
change-account-reference-date-company-previous-shortened
accounts · AA01
2025-01-14
confirmation-statement-with-updates
confirmation-statement · CS01
2024-06-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-02-06
termination-director-company-with-name-termination-date
officers · TM01
2023-12-22
change-person-director-company-with-change-date
officers · CH01
2023-12-22
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-12-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-05-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-05-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-02-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-06-20
notification-of-a-person-with-significant-control-statement
persons-with-significant-control · PSC08
2021-05-06