ULLATRONICS LTD

💤Zombieactive
SC162427 · ltd · incorporated 1995-12-29
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.
Why now
Window steady · low confidence
Steady and stalled — no momentum either way. Needs an approach trigger.
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 2025
Net worth
£22.2k
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: Non-trading company
Sector: Professional, scientific & technical
ALSO REGISTERED FOR
  • 99999SIC 99999
Investor take
Pursue
Dormant / non-trading with a 60-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 70/100. Strong seller-intent signal (70/100, director aged 60). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 4 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

4 live charges · oldest 27.8y

45/100
under pressure

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

  • · Oldest live charge is 27.8 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, 2 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
8 officers (1 active, 8 linked, 4 with DOB)
80
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
99 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation

Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.

Available from the Pro tier upwards.

See pricing →
Opportunity Score
82/100Exceptional
PassWatchWorth a lookStrongExceptional 

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
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
Positive net assets
Net assets £22,249

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£22k
~ YoY
Current Assets
£22k
~ YoY
Current Liabilities
—
£0£4k£9k£13k£18k£22kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-312024-03-31
Total assets£22.2k£22.2k
Current assets£22.2k£22.2k
Net assets£22.2k£22.2k

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

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 (35 events)Click to expand
  1. 2025-12-18
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-11-23
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2023-11-22
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2022-12-18
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2021-11-26
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  6. 2020-12-26
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2019-12-10
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2018-12-04
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2017-06-20
    📄
    change-person-director-company-with-change-date
    officers · CH01
  10. 2017-06-20
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  11. 2017-06-06
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  12. 2016-04-10
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  13. 2016-03-03
    📄
    change-person-director-company-with-change-date
    officers · CH01
  14. 2016-03-03
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  15. 2015-12-26
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  16. 2009-10-21
    ➖
    MOWBRAY, Lesley Helen resigned
    secretary
  17. 2003-12-23
    ➕
    MOWBRAY, Robert Stephen, Dr appointed
    director
  18. 2003-12-23
    ➕
    MOWBRAY, Lesley Helen appointed
    secretary
  19. 2003-12-23
    ➖
    MOWBRAY, Robert Stephen resigned
    secretary
  20. 2003-01-29
    ➖
    MOWBRAY, Lesley Helen resigned
    director
  21. 2003-01-29
    ➖
    MOWBRAY, Robert Stephen resigned
    director
  22. 1999-07-28
    🔒
    Charge registered #4
    Lender: The Royal Bank of Scotland PLC
  23. 1999-01-04
    ➕
    MOWBRAY, Lesley Helen appointed
    director
  24. 1998-10-02
    🔒
    Charge registered #3
    Lender: The Royal Bank of Scotland PLC
  25. 1998-10-02
    🔒
    Charge registered #2
    Lender: The Royal Bank of Scotland PLC
  26. 1998-09-24
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  27. 1996-08-01
    ➖
    MOWBRAY, Lesley Helen resigned
    director
  28. 1995-12-29
    🏢
    Company incorporated
    As ULLATRONICS LTD
  29. 1995-12-29
    ➕
    MOWBRAY, Robert Stephen appointed
    secretary
  30. 1995-12-29
    ➕
    FIRST SCOTTISH SECRETARIES LIMITED appointed
    corporate-nominee-secretary
  31. 1995-12-29
    ➖
    FIRST SCOTTISH SECRETARIES LIMITED resigned
    corporate-nominee-secretary
  32. 1995-12-29
    ➕
    MOWBRAY, Lesley Helen appointed
    director
  33. 1995-12-29
    ➕
    MOWBRAY, Robert Stephen appointed
    director
  34. 1995-12-29
    ➕
    FIRST SCOTTISH INTERNATIONAL SERVICES LIMITED appointed
    corporate-nominee-director
  35. 1995-12-29
    ➖
    FIRST SCOTTISH INTERNATIONAL SERVICES LIMITED resigned
    corporate-nominee-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 23 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 60 — approaching natural succession window.

Succession & seller-readiness

85/100
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 60. 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 23 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 31 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
Dr Robert Stephen Mowbray
Individual · British · DOB 09/1966 · age 60
75–100%
75–100%board control75-100% shares · 75-100% voting · board control22/12/2016

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

8 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
Incorporated1995-12-29
Jurisdictionscotland
Primary SIC74990 — Non-trading company

Registered office

65 St. Valery Place
Ullapool
IV26 2TD
Scotland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-01-05
Last: 2025-12-22

Officers (1 active · 7 resigned)

MOWBRAY, Robert Stephen, Dr→
director · ~60y · appointed 2003-12-23
View their other companies + combined net worth →
Active
MOWBRAY, Lesley Helen→
secretary · appointed 2003-12-23 · resigned 2009-10-21
Resigned
MOWBRAY, Robert Stephen→
secretary · appointed 1995-12-29 · resigned 2003-12-23
Resigned
FIRST SCOTTISH SECRETARIES LIMITED→
corporate-nominee-secretary · appointed 1995-12-29 · resigned 1995-12-29
Resigned
MOWBRAY, Lesley Helen→
director · ~61y · appointed 1999-01-04 · resigned 2003-01-29
Resigned
MOWBRAY, Lesley Helen→
director · ~61y · appointed 1995-12-29 · resigned 1996-08-01
Resigned
MOWBRAY, Robert Stephen→
director · ~60y · appointed 1995-12-29 · resigned 2003-01-29
Resigned
FIRST SCOTTISH INTERNATIONAL SERVICES LIMITED→
corporate-nominee-director · appointed 1995-12-29 · resigned 1995-12-29
Resigned

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

Mortgages & charges

4
Total charges
4
Outstanding
1
Active lenders
Status:Lender:4 of 4 shown
TypeProperties
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property28/07/1999—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property02/10/1998—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property02/10/1998—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property24/09/1998—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (99 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-12-22
accounts-with-accounts-type-micro-entity
accounts · AA
2025-12-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-23
accounts-with-accounts-type-micro-entity
accounts · AA
2024-11-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-12-26
accounts-with-accounts-type-micro-entity
accounts · AA
2023-11-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-12-22
accounts-with-accounts-type-micro-entity
accounts · AA
2022-12-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-12-25
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-11-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-12-26
accounts-with-accounts-type-micro-entity
accounts · AA
2020-12-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-12-23
accounts-with-accounts-type-micro-entity
accounts · AA
2019-12-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2018-12-23