CONNECT NDT LIMITED

🌳Matureactive

SC205224 · ltd · incorporated 2000-03-14

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

approaching window · 12-months

Approaching a transaction window — refinance or sale event plausible in the next 12 months.

· Oldest live charge 26.1y old — refinance window within 12 months

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Mar 2025

Net worth

—

book net assets

Opportunity

83/100

Exceptional

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What this business does

Primary activity: Technical testing and analysis

Sector: Professional, scientific & technical

Investor take

Pursue

Active trading company with a 70-year-old founder — textbook succession opportunity.

Opportunity 83/100 (exceptional), bankability 75/100. Strong seller-intent signal (63/100, director aged 70). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 1 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 26.1y

50/100

clean up first

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

· Oldest live charge is 26.1 years old — likely at or near maturity.
· Two lenders — manageable, but coordination required.
· Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (78/100)

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

2 charges (2/2 with lender, 2/2 with type)

Directors & officers

7 officers (5 active, 7 linked, 6 with DOB)

Ownership & PSC

0 active PSC(s) of 3 total, 3 with control declared

Director network

Network not yet resolved

Filing history

117 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

83/100Exceptional

PassWatchWorth a lookStrongExceptional

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

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

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 102

Metric	2025-03-31	2024-03-31
Total assets	—	£222.5k
Current assets	—	£779.0k
Cash	—	£11.7k
Debtors	—	£767.3k
Net assets	—	£203.3k

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

🔒Filing-note intelligence

1 signal 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 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (29 events)Click to expand

2025-05-21
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-20
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-10-28
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-10-05
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-08-29
📄
second-filing-of-confirmation-statement-with-made-up-date
confirmation-statement · RP04CS01
2023-08-25
📄
second-filing-of-confirmation-statement-with-made-up-date
confirmation-statement · RP04CS01
2023-07-24
📄
memorandum-articles
incorporation · MA
2023-07-24
📄
resolution
resolution · RESOLUTIONS
2022-11-28
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-21
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-04-15
📄
change-person-director-company-with-change-date
officers · CH01
2020-12-04
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-05-28
📄
notification-of-a-person-with-significant-control-statement
persons-with-significant-control · PSC08
2020-05-21
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2020-05-21
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2020-05-21
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2020-01-24
📄
appoint-person-director-company-with-name-date
officers · AP01
2020-01-01
➕
MURRAY, Sean appointed
director
2016-12-23
➖
GEORGE, Thomas resigned
director
2013-12-31
➕
GEORGE, Thomas appointed
director
2013-03-14
🔒
Charge registered #2
Lender: Clydesdale Bank PLC
2012-08-10
➖
MCKIMMIE, Derek resigned
director
2005-06-01
➕
MCKIMMIE, Derek appointed
director
2000-03-31
➕
DAVIS, Keith Ronald appointed
director
2000-03-31
🔒
Charge registered #1
Lender: Clydesdale Bank Public Limited Company
2000-03-14
🏢
Company incorporated
As CONNECT NDT LIMITED
2000-03-14
➕
VEITCH, Leslie appointed
secretary
2000-03-14
➕
SOMERS, Graham Victor appointed
director
2000-03-14
➕
VEITCH, Leslie John appointed
director

Owner dependency

65/100

High — earn-out structure required

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

FACTORS

-4 active directors: Broader management team in place — suggests transferable governance.
+Long-tenure founder: Senior director has been in place 26 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 70 — succession pressure is live.

Succession & seller-readiness

90/100

Likely off-market candidate

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

SIGNALS

primaryFounder aged 70+: Senior director is approximately 70 years old. Natural succession window is now.
primary20+ year tenure: Director in role 26 years. Very long tenure is a classic succession signal.
secondaryStable-but-static management: Company is 26 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.)

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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.

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Company details

Statusactive

Typeltd

Incorporated2000-03-14

Jurisdictionscotland

Primary SIC71200 — Technical testing and analysis

Registered office

Regus Hq Howe Moss Drive

Dyce

Aberdeen

AB21 0GL

Scotland

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-31

Confirmation statement

Next due: 2026-12-29

Last: 2025-12-15