NUMAX ENERGY SERVICES LIMITED

⚰️Wound downdissolved
SC103860 · ltd · incorporated 1987-03-27
Investment thesis
Company dissolved — not a live target.
Why interesting: Historical record only; useful for precedent research.
Why risky: Not transactable.
Why now
Window steady · low confidence
Stable recent picture — watch for any upcoming trigger event.
What changed my view
Last 30 days

No material changes in the last 30 days.

Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2019
Net worth
—
book net assets
Opportunity
56/100
Worth a look
🔔
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What this business does
Primary activity: Manufacture of metal structures and parts of structures
Sector: Manufacturing
Investor take
Pass (distressed without resilience)
Distressed unclear — structural issues outweigh the discount.

Opportunity 56/100 (worth a look), bankability 72/100. Strong seller-intent signal (88/100, director aged 92). 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 (73/100).

🏦

Refinance opportunity

9 live charges · 3 lenders · oldest 34.8y

35/100
too messy

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

  • · Oldest live charge is 34.8 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: 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
9 charges (9/9 with lender, 9/9 with type)
90
Directors & officers
11 officers (2 active, 11 linked, 6 with DOB)
81
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
12 connected companies via shared directors
81
Filing history
133 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
56/100Worth 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
41
Multiple red flags — proceed with caution.
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£0£0£0£0£0Mar 2018Mar 2019

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2019-03-312018-03-31
Average employees100100

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

🔒Filing-note intelligence

3 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
0
filings
Counts from Companies House filing history.
Corporate timeline (58 events)Click to expand
  1. 2020-09-22
    📄
    gazette-dissolved-voluntary
    gazette · GAZ2(A)
  2. 2020-09-22
    🏁
    Company dissolved
  3. 2020-03-03
    📄
    gazette-notice-voluntary
    gazette · GAZ1(A)
  4. 2020-02-25
    📄
    dissolution-application-strike-off-company
    dissolution · DS01
  5. 2019-11-26
    📄
    capital-statement-capital-company-with-date-currency-figure
    capital · SH19
  6. 2019-11-20
    📄
    legacy
    capital · SH20
  7. 2019-11-20
    ⚠️
    legacy
    insolvency · CAP-SS
  8. 2019-11-20
    📄
    resolution
    resolution · RESOLUTIONS
  9. 2019-11-04
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2018-12-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2018-01-04
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2017-01-11
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  13. 2016-01-20
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  14. 2016-01-11
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2015-01-15
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  16. 2014-12-01
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  17. 2014-01-28
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  18. 2014-01-08
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  19. 2013-05-25
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  20. 2013-05-25
    🔓
    Charge satisfied #9
  21. 2013-05-23
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  22. 2013-05-23
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  23. 2013-05-23
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  24. 2013-05-23
    🔓
    Charge satisfied #7
  25. 2013-05-23
    🔓
    Charge satisfied #6
  26. 2013-05-23
    🔓
    Charge satisfied #5
  27. 2013-05-23
    🔓
    Charge satisfied #10
  28. 2013-05-09
    🔓
    Charge satisfied #4
  29. 2012-02-23
    ➖
    LOUDEN, Derek William resigned
    secretary
  30. 2012-02-23
    ➖
    LOUDEN, Derek William resigned
    director
  31. 2012-02-16
    ➖
    MURRAY, Robert Hugh resigned
    director
  32. 2011-12-30
    ➕
    MURRAY, Robert Hugh appointed
    director
  33. 2011-07-05
    ➕
    LOUDEN, Derek William appointed
    secretary
  34. 2011-07-05
    ➖
    MACDONALD, Donald resigned
    secretary
  35. 2011-07-05
    ➕
    LOUDEN, Derek William appointed
    director
  36. 2010-09-10
    ➕
    MACDONALD, Donald appointed
    secretary
  37. 2010-09-02
    ➖
    MACKENZIE, Gloria Watt resigned
    secretary
  38. 2010-03-02
    ➖
    BANKS, Graeme resigned
    secretary
  39. 2010-03-02
    ➕
    MACKENZIE, Gloria Watt appointed
    secretary
  40. 2009-05-13
    🔒
    Charge registered #7
    Lender: Royal Bank of Scotland PLC
  41. 2009-05-13
    🔒
    Charge registered #6
    Lender: Royal Bank of Scotland PLC
  42. 2009-05-13
    🔒
    Charge registered #5
    Lender: Royal Bank of Scotland PLC
  43. 2009-05-12
    🔒
    Charge registered #10
    Lender: Royal Bank of Scotland PLC
  44. 2009-05-12
    🔒
    Charge registered #9
    Lender: Royal Bank of Scotland PLC
  45. 2008-11-04
    ➕
    BANKS, Graeme appointed
    secretary
  46. 2008-11-04
    ➖
    NICOLSON, Catherine Jean resigned
    secretary
  47. 2008-10-17
    🔒
    Charge registered #4
    Lender: Royal Bank of Scotland PLC
  48. 2008-09-26
    ➖
    NICOLSON, Catherine Jean resigned
    director
  49. 2008-09-26
    ➖
    NICOLSON, James resigned
    director
  50. 2008-02-18
    🔓
    Charge satisfied #3
Showing most recent 50 of 58 events

Owner dependency

83/100
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 18 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 92 — succession pressure is live.

Succession & seller-readiness

89/100
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 92 years old. Natural succession window is now.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondary12+ year tenure: Director in role 18 years.
  • secondaryStable-but-static management: Company is 39 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

2 high · 1 med ·
Company dissolved
high

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

Evidence: Dissolved on 2020-09-22

1 insolvency-related filing on record
high

Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.

Evidence: 2019-11-20: legacy

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 Edmund Donald William Maclellan
Individual · British · DOB 01/1957 · age 69
25–50%
—25-50% shares06/04/2016
Mr James Ronald Mills
Individual · British · DOB 02/1934 · age 92
25–50%
—25-50% shares06/04/2016

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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——170024y8362y
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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

9 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
Incorporated1987-03-27
Jurisdictionscotland
Primary SIC25110 — Manufacture of metal structures and parts of structures

Registered office

Coillemore
Newmore
Invergordon
Ross-Shire
IV18 0PG

Filing status

Accounts
Next due: —
Last made up to: 2019-03-31
Confirmation statement
Next due: —
Last: —

Officers (0 active · 9 resigned)

MACLELLAN, Edmund Donald William→
director · ~69y · appointed 2008-02-14
View their other companies + combined net worth →
Active
MILLS, James Ronald→
director · ~92y · appointed 2008-02-14
View their other companies + combined net worth →
Active
BANKS, Graeme→
secretary · appointed 2008-11-04 · resigned 2010-03-02
Resigned
LOUDEN, Derek William→
secretary · appointed 2011-07-05 · resigned 2012-02-23
Resigned
MACDONALD, Donald→
secretary · appointed 2010-09-10 · resigned 2011-07-05
Resigned
MACKENZIE, Gloria Watt→
secretary · appointed 2010-03-02 · resigned 2010-09-02
Resigned
NICOLSON, Catherine Jean→
secretary · resigned 2008-11-04
Resigned
LOUDEN, Derek William→
director · ~63y · appointed 2011-07-05 · resigned 2012-02-23
Resigned
MURRAY, Robert Hugh→
director · ~70y · appointed 2011-12-30 · resigned 2012-02-16
Resigned
NICOLSON, Catherine Jean→
director · ~83y · resigned 2008-09-26
Resigned
NICOLSON, James→
director · ~83y · resigned 2008-09-26
Resigned

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

Mortgages & charges

9
Total charges
0
Outstanding
0
Active lenders
Status:Lender:9 of 9 shown
TypeProperties
satisfied
Lloyds Banking Group
Royal Bank of Scotland PLC
Standard security1 property13/05/200923/05/2013
satisfied
Lloyds Banking Group
Royal Bank of Scotland PLC
Standard security1 property13/05/200923/05/2013
satisfied
Lloyds Banking Group
Royal Bank of Scotland PLC
Standard security1 property13/05/200923/05/2013
satisfied
Lloyds Banking Group
Royal Bank of Scotland PLC
Standard security1 property12/05/200923/05/2013
satisfied
Lloyds Banking Group
Royal Bank of Scotland PLC
Standard security1 property12/05/200925/05/2013
satisfied
Lloyds Banking Group
Royal Bank of Scotland PLC
Bond & floating charge1 property17/10/200809/05/2013
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property19/08/199118/02/2008
satisfied
Highlands and Islands Enterprise
Standard security1 property19/08/199111/06/1993
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property25/07/199118/02/2008

Recent filings (133 total)

gazette-dissolved-voluntary
gazette · GAZ2(A)
2020-09-22
gazette-notice-voluntary
gazette · GAZ1(A)
2020-03-03
dissolution-application-strike-off-company
dissolution · DS01
2020-02-25
confirmation-statement-with-updates
confirmation-statement · CS01
2020-01-03
capital-statement-capital-company-with-date-currency-figure
capital · SH19
2019-11-26
legacy
capital · SH20
2019-11-20
legacy
insolvency · CAP-SS
2019-11-20
resolution
resolution · RESOLUTIONS
2019-11-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-11-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-01-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-12-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2018-01-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-01-04
confirmation-statement-with-updates
confirmation-statement · CS01
2017-01-18
accounts-with-accounts-type-total-exemption-small
accounts · AA
2017-01-11