D R NEWITT & ASSOCIATES LIMITED

💤Zombieactive
SC225153 · ltd · incorporated 2001-11-09
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.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Apr 2025
Net worth
—
book net assets
Opportunity
77/100
Strong
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What this business does
Primary activity: Other activities of employment placement agencies
Sector: Administrative & support services
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 77/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. 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 (58/100).

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 18.5y

30/100
under pressure

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

  • · Oldest live charge is 18.5 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Distress signals active — lender appetite narrows.

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
75
Lenders & charges
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
6 officers (1 active, 6 linked, 1 with DOB)
73
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
4 connected companies via shared directors
57
Filing history
86 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
77/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
60
Some acquirability indicators.
Risk profile
85
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
—
£0£0£0£0£0£0Apr 2024Apr 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-04-302024-04-30
Average employees252400

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

🔒Filing-note intelligence

3 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
0
filings
Last 90 days
0
filings
Last 180 days
2
filings
  • • 1 accounts
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (30 events)Click to expand
  1. 2026-01-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-01-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-01-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-10-12
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  5. 2023-01-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2022-01-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2021-03-02
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2020-01-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2019-01-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2018-12-03
    📄
    second-filing-capital-allotment-shares
    capital · RP04SH01
  11. 2018-05-29
    📄
    capital-allotment-shares
    capital · SH01
  12. 2018-05-29
    📄
    resolution
    resolution · RESOLUTIONS
  13. 2018-01-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2017-01-31
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2016-01-26
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2013-08-16
    🔓
    Charge satisfied #2
  17. 2013-03-26
    ➖
    STEEDMAN, Matthew resigned
    secretary
  18. 2013-02-15
    🔒
    Charge registered #2
    Lender: Rbs Invoice Finance Limited
  19. 2010-10-27
    ➖
    MILANESI, Jason Sebastian resigned
    secretary
  20. 2010-10-27
    ➕
    STEEDMAN, Matthew appointed
    secretary
  21. 2009-05-01
    ➖
    CROSS, Douglas resigned
    secretary
  22. 2009-05-01
    ➕
    MILANESI, Jason Sebastian appointed
    secretary
  23. 2007-10-17
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  24. 2002-03-27
    ➕
    CROSS, Douglas appointed
    secretary
  25. 2002-03-27
    ➖
    MACROBERTS - (FIRM) resigned
    corporate-nominee-secretary
  26. 2002-03-12
    ➕
    NEWITT, Stephanie Catherine appointed
    director
  27. 2002-03-12
    ➖
    MACROBERTS CORPORATE SERVICES LIMITED resigned
    corporate-nominee-director
  28. 2001-11-09
    🏢
    Company incorporated
    As D R NEWITT & ASSOCIATES LIMITED
  29. 2001-11-09
    ➕
    MACROBERTS - (FIRM) appointed
    corporate-nominee-secretary
  30. 2001-11-09
    ➕
    MACROBERTS CORPORATE SERVICES LIMITED appointed
    corporate-nominee-director

Owner dependency

100/100
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.
  • +Founder name in company name: Company name contains director surname "NEWITT" — strong identity link between founder and business.
  • +Long-tenure founder: Senior director has been in place 24 years — deep operational knowledge concentrated in one person.

Succession & seller-readiness

75/100
Likely off-market candidate

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

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • primary20+ year tenure: Director in role 24 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 24 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
Miss Stephanie Catherine Newitt
Individual · British · DOB 03/1969 · age 57
75–100%
75–100%75-100% shares · 75-100% voting06/04/2016

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 →

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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
Incorporated2001-11-09
Jurisdictionscotland
Primary SIC78109 — Other activities of employment placement agencies

Registered office

3rd Floor 2 Lochrin Square
96 Fountainbridge
Edinburgh
EH3 9QA
United Kingdom

Filing status

Accounts
Next due: 2027-01-31
Last made up to: 2025-04-30
Confirmation statement
Next due: 2026-11-23
Last: 2025-11-09

Officers (1 active · 5 resigned)

NEWITT, Stephanie Catherine→
director · ~57y · appointed 2002-03-12
View their other companies + combined net worth →
Active
CROSS, Douglas→
secretary · appointed 2002-03-27 · resigned 2009-05-01
Resigned
MILANESI, Jason Sebastian→
secretary · appointed 2009-05-01 · resigned 2010-10-27
Resigned
STEEDMAN, Matthew→
secretary · appointed 2010-10-27 · resigned 2013-03-26
Resigned
MACROBERTS - (FIRM)→
corporate-nominee-secretary · appointed 2001-11-09 · resigned 2002-03-27
Resigned
MACROBERTS CORPORATE SERVICES LIMITED→
corporate-nominee-director · appointed 2001-11-09 · resigned 2002-03-12
Resigned

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

Mortgages & charges

2
Total charges
1
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
satisfied
NatWest Group
Rbs Invoice Finance Limited
Floating charge1 property15/02/201316/08/2013
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property17/10/2007—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (86 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-01-19
confirmation-statement-with-updates
confirmation-statement · CS01
2025-11-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-01-13
confirmation-statement-with-updates
confirmation-statement · CS01
2024-11-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-01-29
confirmation-statement-with-updates
confirmation-statement · CS01
2023-11-10
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-10-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-01-26
confirmation-statement-with-updates
confirmation-statement · CS01
2022-11-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-01-28
confirmation-statement-with-updates
confirmation-statement · CS01
2021-11-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-03-02
confirmation-statement-with-updates
confirmation-statement · CS01
2020-11-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-01-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-11-13