INTERNATIONAL TUBULAR SERVICES LIMITED

💤Zombieactive

SC111913 · ltd · incorporated 1988-06-27

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

—

not disclosed

Net worth

—

book net assets

Opportunity

67/100

Strong

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What this business does

Primary activity: SIC 09100

Sector: Mining & quarrying

Investor take

Pass (distressed without resilience)

Distressed active trading company — structural issues outweigh the discount.

Opportunity 67/100 (strong), bankability 57/100. Strong seller-intent signal (60/100, director aged 60). Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: share sale to pe / searcher (53/100).

🏦

Refinance opportunity

7 live charges · 3 lenders · oldest 37.2y

15/100

under pressure

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

· Oldest live charge is 37.2 years old — likely at or near maturity.
· 3 lenders named — inter-creditor friction likely.
· Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (55/100)

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

No iXBRL financials extracted

Lenders & charges

7 charges (7/7 with lender, 7/7 with type)

Directors & officers

30 officers (2 active, 30 linked, 18 with DOB)

Ownership & PSC

1 active PSC(s) of 2 total, 2 with control declared

Director network

Network not yet resolved

Filing history

207 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

67/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Adequate — check latest filings for context.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Some moderate concerns — review flags.

Signal strength

100

Good data coverage for analysis.

Recent activity

Last 30 days

filings

Last 90 days

filing

• 1 confirmation-statement

Last 180 days

filing

• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (90 events)Click to expand

2025-04-11
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2025-04-10
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-04-10
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-04-10
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-04-10
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-04-03
➕
POLLMANN, Henricus Reindert Petrus appointed
director
2025-04-03
➖
DOCKRAY, Nathaniel C. resigned
director
2025-04-03
➖
MENGER, John Edward resigned
director
2025-01-15
📄
accounts-with-accounts-type-full
accounts · AA
2024-10-02
📄
gazette-filings-brought-up-to-date
gazette · DISS40
2024-10-01
📄
gazette-notice-compulsory
gazette · GAZ1
2024-07-03
📄
gazette-filings-brought-up-to-date
gazette · DISS40
2024-07-02
📄
gazette-notice-compulsory
gazette · GAZ1
2023-10-16
➕
MCINTOSH, Neil appointed
secretary
2023-10-16
➖
MOIR, Stewart resigned
secretary
2023-10-16
📄
termination-secretary-company-with-name-termination-date
officers · TM02
2023-10-16
📄
appoint-person-secretary-company-with-name-date
officers · AP03
2023-03-23
📄
appoint-person-secretary-company-with-name-date
officers · AP03
2023-03-23
📄
termination-secretary-company-with-name-termination-date
officers · TM02
2023-03-22
➖
LEIGHTON, Keith resigned
secretary
2023-03-22
➕
MOIR, Stewart appointed
secretary
2023-03-22
➕
MENGER, John Edward appointed
director
2023-03-22
📄
change-person-director-company-with-change-date
officers · CH01
2023-03-22
📄
appoint-person-director-company-with-name-date
officers · AP01
2023-01-06
📄
accounts-with-accounts-type-full
accounts · AA
2023-01-04
📄
termination-director-company-with-name-termination-date
officers · TM01
2022-12-31
➖
SIMONS, Jennifer Fremont resigned
director
2022-09-28
📄
accounts-with-accounts-type-full
accounts · AA
2021-12-21
📄
accounts-with-accounts-type-full
accounts · AA
2019-06-26
➖
EWEN, David James resigned
secretary
2019-06-26
➕
LEIGHTON, Keith appointed
secretary
2019-06-26
➖
MENGER, John Edward resigned
director
2019-06-26
➕
SIMONS, Jennifer Fremont appointed
director
2016-02-19
🔓
Charge satisfied #7
2016-02-19
🔓
Charge satisfied #6
2016-02-19
🔓
Charge satisfied #5
2016-02-19
🔓
Charge satisfied #4
2015-02-12
➕
EWEN, David James appointed
secretary
2015-02-12
➖
MACKIE, Ian Alan resigned
secretary
2015-02-12
➖
MACKIE, Ian Alan resigned
director
2015-02-02
➕
MACKIE, Ian Alan appointed
director
2014-12-17
➕
DOCKRAY, Nathaniel C. appointed
director
2014-12-17
➖
SCHLOM, Philip Alan resigned
director
2014-03-31
➖
MILNE, Scott Colin resigned
director
2014-03-28
➕
MACKIE, Ian Alan appointed
secretary
2014-03-28
➖
MILNE, Scott Colin resigned
secretary
2014-03-28
➖
CHANDLER, Joe Austin resigned
director
2014-03-28
➕
MENGER, John Edward appointed
director
2014-03-28
➕
SCHLOM, Philip Alan appointed
director
2013-04-04
➖
WALLACE, John Watson resigned
director

Showing most recent 50 of 90 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

+Sole director: Only one active director — all governance concentrated on one person.
+Senior director age: Director aged approximately 60 — approaching natural succession window.

Succession & seller-readiness

55/100

Strong succession signal

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

SIGNALS

secondaryFounder aged 58+: Senior director is approximately 60. Early succession window.
primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

Red flags

1 high · 1 med ·

Accounts overdue

high

Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.

Evidence: Next due: 2024-09-30

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.

Group structure

Nabors Industries Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️

Nabors Industries Ltd

Corporate parent · holds 75-100% shares

ultimate parent

⬇

INTERNATIONAL TUBULAR SERVICES LIMITED

This company · SC111913

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%

Name	Shares	Voting rights	Nature of control	Notified
Nabors Industries Ltd Corporate entity	75–100%	—	75-100% shares	11/03/2025

1 historic (ceased) PSC

Parker Drilling Companyceased 11/03/2025· 75-100% shares

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

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

Statusactive

Typeltd

Incorporated1988-06-27

Jurisdictionscotland

Primary SIC09100 — SIC 09100

Registered office

Greenbank Crescent

East Tullos

Aberdeen

AB12 3BG

Scotland

Filing status

Accounts

Next due: 2024-09-30OVERDUE

Last made up to: 2022-12-31

Confirmation statement

Next due: 2027-03-07

Last: 2026-02-21

Officers (2 active · 28 resigned)

MCINTOSH, Neil→

secretary · appointed 2023-10-16

View their other companies + combined net worth →

Active

POLLMANN, Henricus Reindert Petrus→

director · ~60y · appointed 2025-04-03

View their other companies + combined net worth →

Active

BURLISON, Neil→

secretary · appointed 2009-01-31 · resigned 2010-12-20

Resigned

CLARKSON, Fraser Govan→

secretary · appointed 2002-02-01 · resigned 2009-01-31

Resigned

EWEN, David James→

secretary · appointed 2015-02-12 · resigned 2019-06-26

Resigned

LEIGHTON, Keith→

secretary · appointed 2019-06-26 · resigned 2023-03-22

Resigned

MACKIE, Ian Alan→

secretary · appointed 2014-03-28 · resigned 2015-02-12

Resigned

MILNE, Scott Colin→

secretary · appointed 2011-05-06 · resigned 2014-03-28

Resigned

MOIR, Stewart→

secretary · appointed 2023-03-22 · resigned 2023-10-16

Resigned

MUNRO, David→

secretary · resigned 1990-05-03

Resigned

GRAY & CONNOCHIE→

corporate-secretary · appointed 1990-05-03 · resigned 2000-11-07

Resigned

PAULL & WILLIAMSONS→

corporate-secretary · appointed 2000-11-14 · resigned 2002-02-01

Resigned

APPLETON, Robert Patrick→

director · ~83y · appointed 2001-01-01 · resigned 2002-10-01

Resigned

BURLISON, Neil→

director · ~63y · appointed 2009-01-31 · resigned 2010-12-20

Resigned

CHANDLER, Joe Austin→

director · ~56y · appointed 2013-01-16 · resigned 2014-03-28

Resigned

CLARKSON, Fraser Govan→

director · ~68y · appointed 2002-02-01 · resigned 2009-01-31

Resigned

COFFEY, Rodney Shearer→

director · ~61y · appointed 2001-01-01 · resigned 2004-10-04

Resigned

CORRAY, Jeffery Neal Joseph→

director · ~63y · appointed 2009-01-31 · resigned 2012-06-08

Resigned

DOCKRAY, Nathaniel C.→

director · ~46y · appointed 2014-12-17 · resigned 2025-04-03

Resigned

FUDGE, Sydney Robert→

director · ~83y · appointed 2000-11-01 · resigned 2007-12-31

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:7 of 7 shown

		Type	Properties
satisfied	Lloyds Banking Group Bank of Scotland PLC	Floating charge	1 property	23/03/2013	19/02/2016
satisfied	Lloyds Banking Group Bank of Scotland PLC	Floating charge	1 property	08/03/2013	19/02/2016
satisfied	Lloyds Banking Group Bank of Scotland PLC	Floating charge	1 property	26/02/2013	19/02/2016
satisfied	Lloyds Banking Group Bank of Scotland PLC	Bond & floating charge	1 property	20/08/2009	19/02/2016
satisfied	Lloyds Banking Group The Governor and Company of the Bank of Scotland	Standard security	2 properties	25/07/1994	25/05/2000
satisfied	Lloyds Banking Group The Governor and Company of the Bank of Scotland	Bond & floating charge	1 property	20/09/1990	15/09/2009
satisfied	Lloyds Banking Group Tsb Bank Scotland PLC	Bond & floating charge	1 property	28/02/1989	11/08/1994

Recent filings (207 total)

confirmation-statement-with-no-updates

confirmation-statement · CS01

2026-03-23

notification-of-a-person-with-significant-control

persons-with-significant-control · PSC02

2025-04-11

cessation-of-a-person-with-significant-control

persons-with-significant-control · PSC07

2025-04-10

confirmation-statement-with-no-updates

confirmation-statement · CS01

2025-04-10

termination-director-company-with-name-termination-date

officers · TM01

2025-04-10

termination-director-company-with-name-termination-date

officers · TM01

2025-04-10

appoint-person-director-company-with-name-date

officers · AP01

2025-04-10

accounts-with-accounts-type-full

accounts · AA

2025-01-15

gazette-filings-brought-up-to-date

gazette · DISS40

2024-10-02

gazette-notice-compulsory

gazette · GAZ1

2024-10-01

gazette-filings-brought-up-to-date

gazette · DISS40

2024-07-03

gazette-notice-compulsory

gazette · GAZ1

2024-07-02

confirmation-statement-with-no-updates

confirmation-statement · CS01

2024-04-19

termination-secretary-company-with-name-termination-date

officers · TM02

2023-10-16

appoint-person-secretary-company-with-name-date

officers · AP03

2023-10-16