WELLTEC (UK) LTD.

📉Decliningactive
SC204742 · ltd · incorporated 2000-03-08
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.
Why now
Window closing · high confidence
Getting harder to buy cheaply — 3 signals strengthening over the last 30 days.
  • · Hygiene score: 70 → 90
  • · Opportunity score: 72 → 80
  • · Bankability: 57 → 67
  • · Distress / opportunity: attractive → avoid
Opportunity decay
drifting distress · 6-months
Drifting toward distress — expect more negotiability in 3–6 months, but also more friction.
  • · Lifecycle stage drifting downward
  • · Currently "declining"
What changed my view
Last 30 days

Picture improved over the last 30 days — 3 positive signals vs 0 negative.

  • ↑Opportunity score: 72 → 80
  • ↑Hygiene score: 70 → 90
  • ↑Bankability: 57 → 67
  • ·Distress / opportunity: attractive → avoid
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
£17.23M
year to Dec 2024
Net worth
—
book net assets
Opportunity
80/100
Exceptional
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What this business does
Primary activity: Other engineering activities
Sector: Professional, scientific & technical
Investor take
Pursue
Conservative operator with a 62-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 67/100. Strong seller-intent signal (65/100, director aged 62). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: strategic trade sale (78/100).

🏦

Refinance opportunity

3 live charges · 3 lenders · oldest 21.0y

35/100
too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

  • · Oldest live charge is 21.0 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Legal-friction score 25/100 — workable, but lender will want more DD.

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, 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
14 officers (3 active, 14 linked, 6 with DOB)
79
Ownership & PSC
0 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
101 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
80/100Exceptional
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
75
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 · FRS 101
Profitable
Profit before tax £51,018
Strong revenue growth
Turnover up 48% YoY
Turnover YoY
+48%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0Dec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 101
Metric2024-12-312023-12-31
Turnover£17.23M£11.64M
Gross profit£2.35M£4.26M
Operating profit£28.4k£1.68M
Profit before tax£51.0k£1.64M
Average employees32003700

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

🔒Filing-note intelligence

4 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
1
filing
  • • 1 confirmation-statement
Last 90 days
1
filing
  • • 1 confirmation-statement
Last 180 days
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (49 events)Click to expand
  1. 2025-12-09
    📄
    accounts-with-accounts-type-full
    accounts · AA
  2. 2024-09-30
    📄
    accounts-with-accounts-type-full
    accounts · AA
  3. 2023-10-05
    📍
    change-sail-address-company-with-old-address-new-address
    address · AD02
  4. 2023-08-14
    📄
    accounts-with-accounts-type-small
    accounts · AA
  5. 2023-04-11
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  6. 2022-10-06
    📄
    accounts-with-accounts-type-small
    accounts · AA
  7. 2022-04-29
    📄
    notification-of-a-person-with-significant-control-statement
    persons-with-significant-control · PSC08
  8. 2022-04-29
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  9. 2021-09-16
    📄
    accounts-with-accounts-type-small
    accounts · AA
  10. 2021-04-16
    📄
    change-person-director-company-with-change-date
    officers · CH01
  11. 2021-04-16
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  12. 2021-04-16
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  13. 2021-04-14
    ➕
    HANSEN, Peter appointed
    director
  14. 2021-04-14
    ➖
    HALLUNDBAEK, Jorgen resigned
    director
  15. 2021-04-08
    📄
    change-person-director-company-with-change-date
    officers · CH01
  16. 2021-04-08
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  17. 2020-09-18
    📄
    accounts-with-accounts-type-full
    accounts · AA
  18. 2020-02-19
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  19. 2020-02-19
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  20. 2020-01-09
    ➕
    KRISTENSEN, Peter Schnettler appointed
    director
  21. 2020-01-09
    ➖
    SKOVBJERG, Martin resigned
    director
  22. 2019-10-07
    📄
    accounts-with-accounts-type-full
    accounts · AA
  23. 2019-04-05
    🔒
    Charge registered #3
    Lender: Dnb Bank Asa
  24. 2017-11-07
    🔓
    Charge satisfied #2
  25. 2013-01-25
    ➕
    BURNESS PAULL LLP appointed
    corporate-secretary
  26. 2013-01-25
    ➖
    PAULL & WILLIAMSONS LLP resigned
    corporate-secretary
  27. 2012-01-15
    ➖
    SKOVBJERG, Martin resigned
    secretary
  28. 2012-01-15
    ➕
    PAULL & WILLIAMSONS LLP appointed
    corporate-secretary
  29. 2011-04-08
    ➖
    MCKAY, Alexander Sutherland resigned
    secretary
  30. 2011-04-08
    ➕
    SKOVBJERG, Martin appointed
    secretary
  31. 2010-04-30
    ➖
    PEDERSEN, Martin Jorgen resigned
    director
  32. 2010-04-30
    ➕
    SKOVBJERG, Martin appointed
    director
  33. 2007-09-05
    🔓
    Charge satisfied #1
  34. 2007-07-27
    🔒
    Charge registered #2
    Lender: Hsh Nordbank Ag as Security Trustee
  35. 2007-07-04
    ➕
    MCKAY, Alexander Sutherland appointed
    secretary
  36. 2007-06-04
    ➖
    ROBERTSON, Elaine resigned
    secretary
  37. 2005-06-22
    🔒
    Charge registered #1
    Lender: Hsh Nordbank Ag
  38. 2005-06-12
    ➕
    PEDERSEN, Martin Jorgen appointed
    director
  39. 2005-04-27
    ➖
    FRENCH, Barbara Ann resigned
    secretary
  40. 2005-04-27
    ➕
    ROBERTSON, Elaine appointed
    secretary
  41. 2005-04-27
    ➖
    FRENCH, Stephen Kenneth resigned
    director
  42. 2000-03-09
    ➖
    FORM 10 SECRETARIES FD LTD resigned
    corporate-nominee-secretary
  43. 2000-03-09
    ➖
    FORM 10 DIRECTORS FD LTD resigned
    corporate-nominee-director
  44. 2000-03-08
    🏢
    Company incorporated
    As WELLTEC (UK) LTD.
  45. 2000-03-08
    ➕
    FRENCH, Barbara Ann appointed
    secretary
  46. 2000-03-08
    ➕
    FORM 10 SECRETARIES FD LTD appointed
    corporate-nominee-secretary
  47. 2000-03-08
    ➕
    FRENCH, Stephen Kenneth appointed
    director
  48. 2000-03-08
    ➕
    HALLUNDBAEK, Jorgen appointed
    director
  49. 2000-03-08
    ➕
    FORM 10 DIRECTORS FD LTD appointed
    corporate-nominee-director

Owner dependency

66/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Senior director age: Director aged approximately 62 — approaching natural succession window.

Succession & seller-readiness

56/100
Strong succession signal

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

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 62. Early succession window.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondaryStable-but-static management: Company is 26 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

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

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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
Incorporated2000-03-08
Jurisdictionscotland
Primary SIC71129 — Other engineering activities

Registered office

Marine House 5b International Avenue, A B Z Business Park
Dyce
Aberdeen
AB21 0BH
Scotland

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-04-01
Last: 2026-03-18

Officers (3 active · 11 resigned)

BURNESS PAULL LLP→
corporate-secretary · appointed 2013-01-25
View their other companies + combined net worth →
Active
HANSEN, Peter→
director · ~58y · appointed 2021-04-14
View their other companies + combined net worth →
Active
KRISTENSEN, Peter Schnettler→
director · ~62y · appointed 2020-01-09
View their other companies + combined net worth →
Active
FRENCH, Barbara Ann→
secretary · appointed 2000-03-08 · resigned 2005-04-27
Resigned
MCKAY, Alexander Sutherland→
secretary · appointed 2007-07-04 · resigned 2011-04-08
Resigned
ROBERTSON, Elaine→
secretary · appointed 2005-04-27 · resigned 2007-06-04
Resigned
SKOVBJERG, Martin→
secretary · appointed 2011-04-08 · resigned 2012-01-15
Resigned
FORM 10 SECRETARIES FD LTD→
corporate-nominee-secretary · appointed 2000-03-08 · resigned 2000-03-09
Resigned
PAULL & WILLIAMSONS LLP→
corporate-secretary · appointed 2012-01-15 · resigned 2013-01-25
Resigned
FRENCH, Stephen Kenneth→
director · ~68y · appointed 2000-03-08 · resigned 2005-04-27
Resigned
HALLUNDBAEK, Jorgen→
director · ~64y · appointed 2000-03-08 · resigned 2021-04-14
Resigned
PEDERSEN, Martin Jorgen→
director · ~51y · appointed 2005-06-12 · resigned 2010-04-30
Resigned
SKOVBJERG, Martin→
director · ~53y · appointed 2010-04-30 · resigned 2020-01-09
Resigned
FORM 10 DIRECTORS FD LTD→
corporate-nominee-director · appointed 2000-03-08 · resigned 2000-03-09
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
outstanding
Dnb Bank Asa
A registered charge—05/04/2019—
satisfied
Hsh Nordbank Ag as Security Trustee
Bond & floating charge1 property27/07/200707/11/2017
satisfied
Hsh Nordbank Ag
Bond & floating charge1 property22/06/200505/09/2007
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (101 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-06-10
accounts-with-accounts-type-full
accounts · AA
2025-12-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-27
accounts-with-accounts-type-full
accounts · AA
2024-09-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-22
change-sail-address-company-with-old-address-new-address
address · AD02
2023-10-05
accounts-with-accounts-type-small
accounts · AA
2023-08-14
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-04-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-04-06
accounts-with-accounts-type-small
accounts · AA
2022-10-06
notification-of-a-person-with-significant-control-statement
persons-with-significant-control · PSC08
2022-04-29
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2022-04-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-04-21
accounts-with-accounts-type-small
accounts · AA
2021-09-16
change-person-director-company-with-change-date
officers · CH01
2021-04-16