DALES MARINE SERVICES LIMITED

🌳Matureactive

SC163941 · ltd · incorporated 1996-03-07

Investment thesis

Established operating company — standard diligence applies, no dominant angle.

Why interesting: Live, filing, normal profile.

Why risky: No standout signals in either direction.

🔒Estimated value

—

Upgrade to see

Turnover

£30.61M

year to Dec 2023

Net worth

—

book net assets

Opportunity

72/100

Strong

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What this business does

Primary activity: SIC 33150

Sector: Manufacturing

Investor take

Pursue

Strong opportunity: leverage-led grower with strong profile and acceptable with review structure.

Opportunity 72/100 (strong), bankability 67/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: strategic trade sale (70/100).

🏦

Refinance opportunity

5 live charges · 4 lenders · oldest 30.1y

45/100

clean up first

Refinance viable after a tidy-up — address the highlighted items first.

· Oldest live charge is 30.1 years old — likely at or near maturity.
· 4 lenders named — inter-creditor friction likely.
· Legal-friction score 30/100 — workable, but lender will want more DD.
· Profitable and stable/growing — lender coverage supportable.

Data confidence

Overall: medium (74/100)

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

1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed

Lenders & charges

5 charges (5/5 with lender, 5/5 with type)

Directors & officers

20 officers (2 active, 20 linked, 16 with DOB)

Ownership & PSC

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

Director network

7 connected companies via shared directors

Filing history

145 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

🔒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

72/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Active, clean filings, stable charge profile.

Acquirability

Some acquirability indicators.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102

Profitable

Profit before tax £12,606,812

Key financials

1 year extracted from filed iXBRL accounts

Cash

—

Net Worth

—

Current Assets

—

Current Liabilities

—

Financials

Extracted from Companies House accounts · FRS 102

Metric	2023-12-31
Turnover	£30.61M
Gross profit	£10.13M
Operating profit	£5.36M
Profit before tax	£12.61M
Average employees	13300

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

🔒Filing-note intelligence

5 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

filings

Last 90 days

filing

• 1 confirmation-statement

Last 180 days

filings

• 1 confirmation-statement
• 1 officers

Counts from Companies House filing history.

Corporate timeline (65 events)Click to expand

2026-01-05
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-12-31
➖
STEEL, Andrew resigned
director
2025-08-07
📄
accounts-with-accounts-type-full
accounts · AA
2025-05-20
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-04-30
➖
O'BRIEN, Paul resigned
director
2024-07-02
📄
accounts-with-accounts-type-full
accounts · AA
2024-02-12
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-02-12
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-01-26
➕
ADAM-OWEN, Kaylea appointed
director
2024-01-26
➕
O'BRIEN, Paul appointed
director
2023-10-10
📄
change-person-director-company-with-change-date
officers · CH01
2023-10-10
📄
change-person-director-company-with-change-date
officers · CH01
2023-06-20
📄
accounts-with-accounts-type-full
accounts · AA
2023-05-30
📄
termination-director-company-with-name-termination-date
officers · TM01
2023-05-19
➖
MILNE, Michael resigned
director
2022-07-21
📄
accounts-with-accounts-type-full
accounts · AA
2022-04-27
📄
change-person-director-company-with-change-date
officers · CH01
2022-04-01
➕
PATERSON, Kevin appointed
director
2022-04-01
📄
appoint-person-director-company-with-name-date
officers · AP01
2021-08-17
📄
accounts-with-accounts-type-full
accounts · AA
2021-05-06
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2021-05-06
📄
change-person-director-company-with-change-date
officers · CH01
2021-04-01
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2021-02-04
📄
memorandum-articles
incorporation · MA
2021-02-04
📄
resolution
resolution · RESOLUTIONS
2020-12-11
➖
DEW, Richard resigned
director
2020-12-10
🔒
Charge registered #5
Lender: Clydesdale Bank PLC
2020-12-10
🔒
Charge registered #4
Lender: Clydesdale Bank PLC (Trading as Both Clydesdale Bank and Yorkshire Bank)
2020-12-10
🔒
Charge registered #3
Lender: Clydesdale Bank PLC (Trading as Both Clydesdale Bank and Yorkshire Bank)
2020-12-09
➖
LC SECRETARIES LIMITED resigned
corporate-secretary
2020-12-09
➖
ANDERSON, Robert David resigned
director
2020-12-09
➖
ANTCZAK, Christopher Edward resigned
director
2020-12-09
➕
DEW, Richard appointed
director
2020-12-09
➖
MUIRHEAD, Linda Anne resigned
director
2020-12-09
➖
NICOL, Mary resigned
director
2020-12-09
➖
NICOL, Maurice James resigned
director
2020-12-09
➕
STEEL, Andrew appointed
director
2020-11-26
🔓
Charge satisfied #2
2018-02-01
➕
LC SECRETARIES LIMITED appointed
corporate-secretary
2018-02-01
➖
STEWART & WATSON resigned
corporate-secretary
2017-12-19
➕
ANDERSON, Robert David appointed
director
2017-12-19
➕
ANTCZAK, Christopher Edward appointed
director
2017-12-19
➕
MUIRHEAD, Linda Anne appointed
director
2017-04-13
➖
ANTCZAK, Kerry Ann resigned
director
2008-06-24
➕
MILNE, Michael appointed
director
2008-06-24
➕
NICOL, Mary appointed
director
2005-09-28
🔓
Charge satisfied #1
2004-03-16
➖
DUNCAN, William George resigned
director
2004-03-16
➖
MACKIE, Graham Alexander resigned
director
2004-03-08
➖
ROBERTSON, Douglas Alexander Mitchell resigned
director

Showing most recent 50 of 65 events

Owner dependency

58/100

Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS

+Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.

Succession & seller-readiness

36/100

Weak signal

Limited succession signal. Not a near-term off-market candidate.

SIGNALS

secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

Red flags

1 med ·

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

Dales Engineering Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️

Dales Engineering Limited

Corporate parent · holds 75-100% shares

ultimate parent

⬇

DALES MARINE SERVICES LIMITED

This company · SC163941

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
Dales Engineering Limited Corporate entity	75–100%	—	sig. influence75-100% shares · significant influence · firm interest	06/04/2016

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 →

Similar companies

Active · Manufacturing · AB postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
GRAY & ADAMS LIMITED→ SC047482 · est 1970	£75.13M £58.44M–£91.83M	—	—	502	56y	87	71y
GRAY & ADAMS GROUP LIMITED→ SC230241 · est 2002	£53.82M £41.86M–£65.78M	—	—	0	24y	85	71y
GRAY & ADAMS (DUNFERMLINE) LIMITED→ SC082971 · est 1983	£17.07M £13.28M–£20.87M	—	—	106	43y	85	71y
GRAY & ADAMS (DONCASTER) LIMITED→ SC128013 · est 1990	£16.62M £12.93M–£20.32M	—	—	101	35y	87	71y
INTERWELL LIMITED→ SC391140 · est 2011	£10.98M £8.54M–£13.42M	£33.44M	—	7800	15y	91	60y
EBLAST LIMITED→ SC202165 · est 1999	£8.03M £6.24M–£9.81M	£11.11M	—	7400	26y	88	57y
ROTECH SUBSEA LIMITED→ SC451221 · est 2013	£6.41M £4.99M–£7.83M	£17.20M	—	4800	12y	84	58y
DALES ENGINEERING SERVICES LIMITED→ SC107948 · est 1987	£6.22M £4.84M–£7.60M	£21.87M	—	11000	38y	93	70y
SUPERIOR ENERGY SERVICES LIMITED→ SC259694 · est 2003	£6.15M £4.78M–£7.51M	£1.45M	—	1500	22y	94	60y
IMENCO UK LIMITED→ SC372021 · est 2010	£5.97M £4.64M–£7.29M	£17.33M	—	11500	16y	95	71y
VECTOR SUPPLIES LIMITED→ SC103810 · est 1987	£1.63M £1.27M–£1.99M	—	—	16	39y	85	71y
EXCEED TORRIDON LIMITED→ SC508840 · est 2015	—	—	—	54	10y	84	65y

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

Incorporated1996-03-07

Jurisdictionscotland

Primary SIC33150 — SIC 33150

Registered office

Dales Business Centre

25 York Street

Aberdeen

AB11 5DP

United Kingdom

Filing status

Accounts

Next due: 2026-09-30

Last made up to: 2024-12-31

Confirmation statement

Next due: 2027-03-21

Last: 2026-03-07

Officers (2 active · 18 resigned)

ADAM-OWEN, Kaylea→

director · ~47y · appointed 2024-01-26

View their other companies + combined net worth →

Active

PATERSON, Kevin→

director · ~39y · appointed 2022-04-01

View their other companies + combined net worth →

Active

MACKIE, Graham Alexander→

secretary · appointed 1999-10-06 · resigned 2004-01-15

Resigned

LC SECRETARIES LIMITED→

corporate-secretary · appointed 2018-02-01 · resigned 2020-12-09

Resigned

STEWART & WATSON→

corporate-secretary · appointed 2004-01-14 · resigned 2018-02-01

Resigned

STRONACHS→

corporate-nominee-secretary · appointed 1996-03-07 · resigned 1999-10-06

Resigned

ALLAN, David Martin→

director · ~80y · appointed 1996-03-07 · resigned 1996-04-10

Resigned

ANDERSON, Robert David→

director · ~78y · appointed 2017-12-19 · resigned 2020-12-09

Resigned

ANTCZAK, Christopher Edward→

director · ~49y · appointed 2017-12-19 · resigned 2020-12-09

Resigned

ANTCZAK, Kerry Ann→

director · ~51y · appointed 1998-11-06 · resigned 2017-04-13

Resigned

DEW, Richard→

director · ~46y · appointed 2020-12-09 · resigned 2020-12-11

Resigned

DUNCAN, William George→

director · ~69y · appointed 1998-11-06 · resigned 2004-03-16

Resigned

MACKIE, Graham Alexander→

director · ~70y · appointed 1996-12-01 · resigned 2004-03-16

Resigned

MILNE, Michael→

director · ~56y · appointed 2008-06-24 · resigned 2023-05-19

Resigned

MUIRHEAD, Linda Anne→

director · ~72y · appointed 2017-12-19 · resigned 2020-12-09

Resigned

NICOL, Mary→

director · ~82y · appointed 2008-06-24 · resigned 2020-12-09

Resigned

NICOL, Maurice James→

director · ~79y · appointed 1996-04-10 · resigned 2020-12-09

Resigned

O'BRIEN, Paul→

director · ~57y · appointed 2024-01-26 · resigned 2025-04-30

Resigned

ROBERTSON, Douglas Alexander Mitchell→

director · ~82y · appointed 1996-12-01 · resigned 2004-03-08

Resigned

STEEL, Andrew→

director · ~64y · appointed 2020-12-09 · resigned 2025-12-31

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:5 of 5 shown

		Type	Properties
outstanding	Virgin Money Clydesdale Bank PLC	A registered charge	1 property	10/12/2020	—
outstanding	Virgin Money Clydesdale Bank PLC (Trading as Both Clydesdale Bank and Yorkshire Bank)	A registered charge	—	10/12/2020	—
outstanding	Virgin Money Clydesdale Bank PLC (Trading as Both Clydesdale Bank and Yorkshire Bank)	A registered charge	—	10/12/2020	—
satisfied	Lloyds Banking Group The Royal Bank of Scotland PLC	Bond & floating charge	1 property	15/01/2004	26/11/2020
satisfied	Lloyds Banking Group The Governor and Company of the Bank of Scotland	Bond & floating charge	1 property	12/04/1996	28/09/2005

Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (145 total)

confirmation-statement-with-updates

confirmation-statement · CS01

2026-03-10

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

officers · TM01

2026-01-05

accounts-with-accounts-type-full

accounts · AA

2025-08-07

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

officers · TM01

2025-05-20

confirmation-statement-with-updates

confirmation-statement · CS01

2025-03-10

accounts-with-accounts-type-full

accounts · AA

2024-07-02

confirmation-statement-with-updates

confirmation-statement · CS01

2024-03-07

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

officers · AP01

2024-02-12

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

officers · AP01

2024-02-12

change-person-director-company-with-change-date

officers · CH01

2023-10-10

change-person-director-company-with-change-date

officers · CH01

2023-10-10

accounts-with-accounts-type-full

accounts · AA

2023-06-20

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

officers · TM01

2023-05-30

confirmation-statement-with-no-updates

confirmation-statement · CS01

2023-03-07

accounts-with-accounts-type-full

accounts · AA

2022-07-21