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.

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"

🔒Estimated value

—

Upgrade to see

Turnover

£17.23M

year to Dec 2024

Net worth

—

book net assets

Opportunity

72/100

Strong

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch

What this business does

Primary activity: Other engineering activities

Sector: Professional, scientific & technical

Investor take

Special-situation opportunity

Distressed professional-services with salvageable qualities — special-situations priority.

Opportunity 72/100 (strong), bankability 57/100. Strong seller-intent signal (60/100, director aged 62). Asset purchase likely safer than share purchase given structural signals. 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 20.9y

35/100

too messy

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

· Oldest live charge is 20.9 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

Lenders & charges

3 charges (3/3 with lender, 3/3 with type)

Directors & officers

14 officers (3 active, 14 linked, 6 with DOB)

Ownership & PSC

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

Director network

Network not yet resolved

Filing history

100 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

Adequate — check latest filings for context.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Some moderate concerns — review 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

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 101

Metric	2024-12-31	2023-12-31
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 employees	3200	3700

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

filings

Last 90 days

filings

Last 180 days

filing

• 1 accounts

Counts from Companies House filing history.

Corporate timeline (50 events)Click to expand

2025-12-09
📄
accounts-with-accounts-type-full
accounts · AA
2024-09-30
📄
accounts-with-accounts-type-full
accounts · AA
2023-10-05
📍
change-sail-address-company-with-old-address-new-address
address · AD02
2023-08-14
📄
accounts-with-accounts-type-small
accounts · AA
2023-04-11
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-10-06
📄
accounts-with-accounts-type-small
accounts · AA
2022-04-29
📄
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
2021-09-16
📄
accounts-with-accounts-type-small
accounts · AA
2021-04-16
📄
change-person-director-company-with-change-date
officers · CH01
2021-04-16
📄
appoint-person-director-company-with-name-date
officers · AP01
2021-04-16
📄
termination-director-company-with-name-termination-date
officers · TM01
2021-04-14
➕
HANSEN, Peter appointed
director
2021-04-14
➖
HALLUNDBAEK, Jorgen resigned
director
2021-04-08
📄
change-person-director-company-with-change-date
officers · CH01
2021-04-08
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2020-09-18
📄
accounts-with-accounts-type-full
accounts · AA
2020-02-19
📄
termination-director-company-with-name-termination-date
officers · TM01
2020-02-19
📄
appoint-person-director-company-with-name-date
officers · AP01
2020-01-09
➕
KRISTENSEN, Peter Schnettler appointed
director
2020-01-09
➖
SKOVBJERG, Martin resigned
director
2019-10-07
📄
accounts-with-accounts-type-full
accounts · AA
2019-04-16
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2019-04-05
🔒
Charge registered #3
Lender: Dnb Bank Asa
2017-11-07
🔓
Charge satisfied #2
2013-01-25
➕
BURNESS PAULL LLP appointed
corporate-secretary
2013-01-25
➖
PAULL & WILLIAMSONS LLP resigned
corporate-secretary
2012-01-15
➖
SKOVBJERG, Martin resigned
secretary
2012-01-15
➕
PAULL & WILLIAMSONS LLP appointed
corporate-secretary
2011-04-08
➖
MCKAY, Alexander Sutherland resigned
secretary
2011-04-08
➕
SKOVBJERG, Martin appointed
secretary
2010-04-30
➖
PEDERSEN, Martin Jorgen resigned
director
2010-04-30
➕
SKOVBJERG, Martin appointed
director
2007-09-05
🔓
Charge satisfied #1
2007-07-27
🔒
Charge registered #2
Lender: Hsh Nordbank Ag as Security Trustee
2007-07-04
➕
MCKAY, Alexander Sutherland appointed
secretary
2007-06-04
➖
ROBERTSON, Elaine resigned
secretary
2005-06-22
🔒
Charge registered #1
Lender: Hsh Nordbank Ag
2005-06-12
➕
PEDERSEN, Martin Jorgen appointed
director
2005-04-27
➖
FRENCH, Barbara Ann resigned
secretary
2005-04-27
➕
ROBERTSON, Elaine appointed
secretary
2005-04-27
➖
FRENCH, Stephen Kenneth resigned
director
2000-03-09
➖
FORM 10 SECRETARIES FD LTD resigned
corporate-nominee-secretary
2000-03-09
➖
FORM 10 DIRECTORS FD LTD resigned
corporate-nominee-director
2000-03-08
🏢
Company incorporated
As WELLTEC (UK) LTD.
2000-03-08
➕
FRENCH, Barbara Ann appointed
secretary
2000-03-08
➕
FORM 10 SECRETARIES FD LTD appointed
corporate-nominee-secretary
2000-03-08
➕
FRENCH, Stephen Kenneth appointed
director
2000-03-08
➕
HALLUNDBAEK, Jorgen appointed
director
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

1 high ·

Confirmation statement overdue

high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2026-04-01

Similar companies

Active · Professional services · AB postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
GENERAL OCEANS UK HOLDINGS LTD→ SC308386 · est 2006	£9.77M £7.20M–£12.34M	—	—	0	19y	84	68y
HIGHLAND FUELS HOLDINGS LIMITED→ SC215790 · est 2001	£9.50M £7.00M–£12.00M	—	—	300	25y	88	62y
CRAIGSHANNOCH LIMITED→ SC191743 · est 1998	£5.90M £4.34M–£7.45M	£2.95M	—	300	27y	88	67y
HSB HOLDINGS LIMITED→ SC260511 · est 2003	£3.58M £2.64M–£4.52M	—	—	0	22y	84	61y
T D C PARSONS PEEBLES LIMITED→ SC663297 · est 2020	£2.76M £2.03M–£3.48M	£11.52M	—	5100	5y	87	77y
ROTECH HOLDINGS LIMITED→ SC148822 · est 1994	£1.97M £1.45M–£2.49M	£453.6k	—	0	32y	92	58y
ACCURA MEASUREMENT LIMITED→ SC322109 · est 2007	—	—	£5.47M	—	19y	83	60y
ALLEN ASSOCIATES (H.P.E.) LIMITED→ SC201596 · est 1999 · no financials extracted	—	—	—	—	26y	83	59y
BOURTREE INVESTMENTS LIMITED→ SC190868 · est 1998	—	—	—	—	27y	83	61y
CONNECT NDT LIMITED→ SC205224 · est 2000	—	—	—	—	26y	83	70y
CUMMING & CO. (ABERDEEN) LTD.→ SC248131 · est 2003	—	—	£352.1k	—	23y	83	58y
ETPM LIMITED→ SC318161 · est 2007	—	—	—	1800	19y	83	63y

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

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: 2026-04-01OVERDUE

Last: 2025-03-18

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

Total charges

Outstanding

Active lenders

Status:Lender:3 of 3 shown

		Type	Properties
outstanding	Dnb Bank Asa	A registered charge	—	05/04/2019	—
satisfied	Hsh Nordbank Ag as Security Trustee	Bond & floating charge	1 property	27/07/2007	07/11/2017
satisfied	Hsh Nordbank Ag	Bond & floating charge	1 property	22/06/2005	05/09/2007

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

Recent filings (100 total)

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

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

officers · AP01

2021-04-16