SEAWORK (SCOTLAND) LIMITED

💤Zombieactive
SC112369 · ltd · incorporated 1988-07-21
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 Jun 2025
Net worth
£-50.0k
book net assets
Opportunity
79/100
Strong
🔔
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What this business does
Primary activity: Construction of other civil engineering projects n.e.c.
Sector: Construction
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 79/100 (strong), bankability 75/100. Strong seller-intent signal (65/100, director aged 60). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 1 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

3 live charges · 2 lenders · oldest 37.2y

30/100
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.
  • · Two lenders — manageable, but coordination required.
  • · 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
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
5 officers (1 active, 5 linked, 4 with DOB)
86
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
108 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
70
Strong succession / seller-readiness signals.
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
Negative net assets
Liabilities exceed assets by £50,009
Cash YoY
+1545%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£17k
↑ 1545% YoY
Net Worth
-£50k
↓ 11% YoY
Current Assets
£17k
↑ 161% YoY
Current Liabilities
—
-£50k-£37k-£23k-£10k£4k£17kJun 2024Jun 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-06-302024-06-30
Total assets£-50.0k£-45.2k
Current assets£17.4k£6.7k
Cash£17.1k£1.0k
Debtors£264£5.6k
Net assets£-50.0k£-45.2k

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
2
filings
  • • 1 confirmation-statement
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (27 events)Click to expand
  1. 2025-11-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-10-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-10-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2022-08-02
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2022-05-12
    📄
    change-person-director-company-with-change-date
    officers · CH01
  6. 2021-12-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2021-11-08
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  8. 2021-03-03
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2020-03-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2019-03-01
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2018-02-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2017-03-30
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  13. 2017-03-30
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  14. 2016-08-18
    📄
    accounts-amended-with-accounts-type-total-exemption-small
    accounts · AAMD
  15. 2016-05-14
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  16. 2014-12-22
    ➖
    TURNER, Rosemary Anne resigned
    director
  17. 2014-12-20
    ➖
    TURNER, Rosemary Anne resigned
    secretary
  18. 2014-12-18
    ➕
    JAMIESON, Andrew Nicholas appointed
    director
  19. 2014-09-11
    🔓
    Charge satisfied #4
  20. 2014-08-21
    ➖
    TURNER, Arthur Robert Wilkinson resigned
    director
  21. 2014-08-01
    ➕
    TURNER, Rosemary Anne appointed
    director
  22. 2003-01-10
    🔓
    Charge satisfied #1
  23. 1994-03-31
    ➖
    TURNER, Rosemary Anne resigned
    director
  24. 1994-01-13
    🔒
    Charge registered #4
    Lender: The Royal Bank of Scotland PLC
  25. 1990-03-08
    🔒
    Charge registered #2
    Lender: Highlands and Islands Development Board
  26. 1989-03-06
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  27. 1988-07-21
    🏢
    Company incorporated
    As SEAWORK (SCOTLAND) LIMITED

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

70/100
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.
  • secondaryStable-but-static management: Company is 38 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

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

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Andrew Nicholas Jamieson
Individual · British · DOB 07/1966 · age 60
75–100%
75–100%board control75-100% shares · 75-100% voting · board control06/04/2016

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

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
Incorporated1988-07-21
Jurisdictionscotland
Primary SIC42990 — Construction of other civil engineering projects n.e.c.

Registered office

Port Na Cuile
Gallanach Road
Oban
PA34 4QH
Scotland

Filing status

Accounts
Next due: 2027-03-31
Last made up to: 2025-06-30
Confirmation statement
Next due: 2027-02-14
Last: 2026-01-31

Officers (1 active · 4 resigned)

JAMIESON, Andrew Nicholas→
director · ~60y · appointed 2014-12-18
View their other companies + combined net worth →
Active
TURNER, Rosemary Anne→
secretary · resigned 2014-12-20
Resigned
TURNER, Arthur Robert Wilkinson→
director · ~87y · resigned 2014-08-21
Resigned
TURNER, Rosemary Anne→
director · ~77y · appointed 2014-08-01 · resigned 2014-12-22
Resigned
TURNER, Rosemary Anne→
director · ~77y · 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
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Mortgage1 property13/01/199411/09/2014
outstanding
Highlands and Islands Development Board
Floating charge1 property08/03/1990—
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property06/03/198910/01/2003
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (108 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-02-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-11-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-10-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-10-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-02-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-08-02
change-person-director-company-with-change-date
officers · CH01
2022-05-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-02-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-06
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2021-11-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-03-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-02-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-03-18