NEVACO (CBS) LIMITED
💤Zombieactive
SC241494 · ltd · incorporated 2002-12-20
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 Dec 2024
Net worth
£6.4k
book net assets
Opportunity
80/100
Exceptional
What this business does
Primary activity: Information technology consultancy activities
Sector: Information & communication
Investor take
PursueAsset-holding vehicle with a 61-year-old founder — textbook succession opportunity.
Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (70/100, director aged 61). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (73/100).
Data confidence
Overall: medium (75/100)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
Confirmed no charges registered
85
Directors & officers
4 officers (2 active, 4 linked, 1 with DOB)
75
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
55 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
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
80
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 102Positive net assets
Net assets £6,439
Cash YoY
+0%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£8k
~ YoY
Net Worth
£6k
~ YoY
Current Assets
£8k
~ YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Total assets | £6.4k | £6.4k |
| Current assets | £7.9k | £7.9k |
| Cash | £7.9k | £7.9k |
| Net assets | £6.4k | £6.4k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
Recent activity
Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
1
filing
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (22 events)Click to expand
- 2025-10-01📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2024-09-05📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2024-07-07📄change-person-director-company-with-change-dateofficers · CH01
- 2024-07-07📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2023-09-28📄accounts-with-accounts-type-dormantaccounts · AA
- 2022-09-30📄accounts-with-accounts-type-dormantaccounts · AA
- 2021-09-01📄accounts-with-accounts-type-dormantaccounts · AA
- 2020-12-10📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2020-12-10📄withdrawal-of-a-person-with-significant-control-statementpersons-with-significant-control · PSC09
- 2020-10-30📄accounts-with-accounts-type-dormantaccounts · AA
- 2019-09-25📄accounts-with-accounts-type-dormantaccounts · AA
- 2018-09-29📄accounts-with-accounts-type-dormantaccounts · AA
- 2017-09-29📄accounts-with-accounts-type-dormantaccounts · AA
- 2016-09-30📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2016-01-12📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2002-12-20🏢Company incorporatedAs NEVACO (CBS) LIMITED
- 2002-12-20➕LOVE, Gordon Reynolds appointedsecretary
- 2002-12-20➕MARTIN, Neil Thomas appointeddirector
- 2002-12-20➕FIRSTSCOTTISH SECRETARIES LIMITED appointedcorporate-secretary
- 2002-12-20➖FIRSTSCOTTISH SECRETARIES LIMITED resignedcorporate-secretary
- 2002-12-20➕FIRST SCOTTISH INTERNATIONAL SERVICES LIMITED appointedcorporate-nominee-director
- 2002-12-20➖FIRST SCOTTISH INTERNATIONAL SERVICES LIMITED resignedcorporate-nominee-director
Owner dependency
93/100
Critical — business is the founderThe 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.
- +Long-tenure founder: Senior director has been in place 23 years — deep operational knowledge concentrated in one person.
- +Senior director age: Director aged approximately 61 — approaching natural succession window.
Succession & seller-readiness
85/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- secondaryFounder aged 58+: Senior director is approximately 61. Early succession window.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- primary20+ year tenure: Director in role 23 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 23 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
cleanNo 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%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Neil Thomas Martin Individual · British · DOB 05/1965 · age 61 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 07/12/2020 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Similar companies
Active · Technology · EH postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| SPARSE LOGIC LIMITED→ SC877727 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| SPHERE RESEARCH LTD→ SC552214 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| SPHERIC ADMIN LIMITED→ SC368868 · est 2009 · no financials extracted | — | — | — | — | 16y | — | — |
| SRIKUMARAN CONSULTING LIMITED→ SC449490 · est 2013 · no financials extracted | — | — | — | — | 12y | — | — |
| SSRM LTD→ SC808073 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| ST2 CONSULTING LTD→ SC809494 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| STAGE WINDOW LIMITED→ SC471715 · est 2014 · no financials extracted | — | — | — | — | 12y | — | — |
| STAKKRUN TECH CONSULTING LTD→ SC878769 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| STEENSON CONSULTING LTD→ SC727236 · est 2022 · no financials extracted | — | — | — | — | 4y | — | — |
| STEPHEN RICHARDS CONSULTING LIMITED→ SC144342 · est 1993 · no financials extracted | — | — | — | — | 32y | — | — |
| STONE SOUP LTD→ SC666355 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| STONEBRANCH UK LIMITED→ SC299713 · est 2006 · no financials extracted | — | — | — | — | 20y | — | — |
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
Incorporated2002-12-20
Jurisdictionscotland
Primary SIC62020 — Information technology consultancy activities
Registered office
10 F 1 Bellfield Lane
Edinburgh
EH15 2BL
Scotland
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-01-03
Last: 2025-12-20
Officers (2 active · 2 resigned)
LOVE, Gordon Reynolds→
Activesecretary · appointed 2002-12-20
View their other companies + combined net worth →
MARTIN, Neil Thomas→
Activedirector · ~61y · appointed 2002-12-20
View their other companies + combined net worth →
FIRSTSCOTTISH SECRETARIES LIMITED→
Resignedcorporate-secretary · appointed 2002-12-20 · resigned 2002-12-20
FIRST SCOTTISH INTERNATIONAL SERVICES LIMITED→
Resignedcorporate-nominee-director · appointed 2002-12-20 · resigned 2002-12-20
Click a director name to see their full track record across all companies.
Recent filings (55 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-12-22
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-10-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-20
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-09-05
change-person-director-company-with-change-date
officers · CH01
2024-07-07
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-07-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-12-29
accounts-with-accounts-type-dormant
accounts · AA
2023-09-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-12-21
accounts-with-accounts-type-dormant
accounts · AA
2022-09-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-12-24
accounts-with-accounts-type-dormant
accounts · AA
2021-09-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-12-29
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2020-12-10
withdrawal-of-a-person-with-significant-control-statement
persons-with-significant-control · PSC09
2020-12-10