NORTH EAST TELECOMMUNICATIONS LIMITED

💤Zombieactive
SC151078 · ltd · incorporated 1994-05-26
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
£3.82M
book net assets
Opportunity
78/100
Strong
🔔
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What this business does
Primary activity: Wired telecommunications activities
Sector: Information & communication
ALSO REGISTERED FOR
  • 61200Wireless telecommunications activities
Investor take
Pursue
Asset-holding vehicle with a 62-year-old founder — textbook succession opportunity.

Opportunity 78/100 (strong), bankability 85/100. Strong seller-intent signal (70/100, director aged 62). 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 (73/100).

🏦

Refinance opportunity

1 live charge · oldest 31.9y

45/100
under pressure

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

  • · Oldest live charge is 31.9 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · 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, 2 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
7 officers (2 active, 7 linked, 4 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
100 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
78/100Strong
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
74
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 £3,817,501
Cash YoY
+1%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£1.6m
~ YoY
Net Worth
£3.8m
↑ 12% YoY
Current Assets
—
Current Liabilities
—
£0£764k£1.5m£2.3m£3.1m£3.8mDec 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
Cash£1.56M£1.55M
Net assets£3.82M£3.41M

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 (34 events)Click to expand
  1. 2025-10-17
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  2. 2025-10-13
    ➖
    ALLAN, Diane resigned
    director
  3. 2025-10-08
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  4. 2025-10-08
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  5. 2025-10-08
    📄
    appoint-person-secretary-company-with-name-date
    officers · AP03
  6. 2025-09-30
    ➕
    ALLAN, Onyinye Eucharia appointed
    secretary
  7. 2025-09-30
    ➖
    BURNETT & REID LLP resigned
    corporate-secretary
  8. 2025-09-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2024-12-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2024-05-28
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  11. 2024-05-28
    📄
    change-person-director-company-with-change-date
    officers · CH01
  12. 2024-05-07
    📄
    change-corporate-secretary-company-with-change-date
    officers · CH04
  13. 2024-05-03
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  14. 2024-03-20
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  15. 2024-03-20
    🔓
    Charge satisfied #1
  16. 2024-01-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2023-01-09
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  18. 2021-10-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  19. 2021-05-25
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  20. 2021-05-25
    📄
    change-corporate-secretary-company-with-change-date
    officers · CH04
  21. 2020-09-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  22. 2020-03-20
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  23. 2019-12-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  24. 2012-10-01
    ➕
    BURNETT & REID LLP appointed
    corporate-secretary
  25. 2012-09-30
    ➖
    BURNETT & REID resigned
    corporate-secretary
  26. 2008-01-23
    ➕
    ALLAN, Diane appointed
    director
  27. 2004-02-24
    ➖
    ALLAN, Sarah Joanne resigned
    director
  28. 1996-11-18
    ➖
    PHELAN, John Hugh resigned
    director
  29. 1994-06-13
    🔒
    Charge registered #1
    Lender: The Governor and Company of the Bank of Scotland
  30. 1994-05-26
    🏢
    Company incorporated
    As NORTH EAST TELECOMMUNICATIONS LIMITED
  31. 1994-05-26
    ➕
    ALLAN, Mark Mitchell appointed
    director
  32. 1994-05-26
    ➕
    BURNETT & REID appointed
    corporate-secretary
  33. 1994-05-26
    ➕
    ALLAN, Sarah Joanne appointed
    director
  34. 1994-05-26
    ➕
    PHELAN, John Hugh appointed
    director

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 32 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 62 — approaching natural succession window.

Succession & seller-readiness

75/100
Likely off-market candidate

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

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 62. Early succession window.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • primary20+ year tenure: Director in role 32 years. Very long tenure is a classic succession signal.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

1 med · 1 low
2 director resignations in last 12 months
medium

Multiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.

Evidence: BURNETT & REID LLP resigned 2025-09-30; ALLAN, Diane resigned 2025-10-13

Multiple registered office changes
low

Multiple address changes in a short period can indicate operational instability or admin disorder.

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mark Mitchell Allan
Individual · British · DOB 02/1964 · age 62
75–100%
75–100%75-100% shares · 75-100% voting06/04/2016

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
Incorporated1994-05-26
Jurisdictionscotland
Primary SIC61100 — Wired telecommunications activities

Registered office

133 Victoria Street
Dyce
Aberdeen
AB21 7BJ
Scotland

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-06-09
Last: 2025-05-26

Officers (2 active · 5 resigned)

ALLAN, Onyinye Eucharia→
secretary · appointed 2025-09-30
View their other companies + combined net worth →
Active
ALLAN, Mark Mitchell→
director · ~62y · appointed 1994-05-26
View their other companies + combined net worth →
Active
BURNETT & REID→
corporate-secretary · appointed 1994-05-26 · resigned 2012-09-30
Resigned
BURNETT & REID LLP→
corporate-secretary · appointed 2012-10-01 · resigned 2025-09-30
Resigned
ALLAN, Diane→
director · ~59y · appointed 2008-01-23 · resigned 2025-10-13
Resigned
ALLAN, Sarah Joanne→
director · ~55y · appointed 1994-05-26 · resigned 2004-02-24
Resigned
PHELAN, John Hugh→
director · ~84y · appointed 1994-05-26 · resigned 1996-11-18
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 Governor and Company of the Bank of Scotland
Bond & floating charge1 property13/06/199420/03/2024

Recent filings (100 total)

termination-director-company-with-name-termination-date
officers · TM01
2025-10-17
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-10-08
termination-secretary-company-with-name-termination-date
officers · TM02
2025-10-08
appoint-person-secretary-company-with-name-date
officers · AP03
2025-10-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-28
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-05-28
change-person-director-company-with-change-date
officers · CH01
2024-05-28
change-corporate-secretary-company-with-change-date
officers · CH04
2024-05-07
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-05-03
mortgage-satisfy-charge-full
mortgage · MR04
2024-03-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-01-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-02