COVENESS LIMITED

💤Zombieactive
SC251153 · ltd · incorporated 2003-06-16
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 Jun 2025
Net worth
—
book net assets
Opportunity
78/100
Strong
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What this business does
Primary activity: SIC 49320
Sector: Transportation & storage
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 78/100 (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: 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 (76/100)

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
10 officers (1 active, 10 linked, 6 with DOB)
82
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
Network not yet resolved
30
Filing history
92 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
78/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
90
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£0Jun 2024Jun 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-06-182024-06-16

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
0
filings
Counts from Companies House filing history.
Corporate timeline (39 events)Click to expand
  1. 2025-06-18
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  2. 2024-06-17
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  3. 2023-06-23
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  4. 2022-07-05
    ➖
    CLARK, Michael Iain David resigned
    director
  5. 2022-07-05
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  6. 2022-06-17
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  7. 2022-04-13
    📄
    change-account-reference-date-company-current-shortened
    accounts · AA01
  8. 2022-04-13
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  9. 2021-03-05
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  10. 2021-03-05
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  11. 2021-03-05
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  12. 2021-03-05
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  13. 2021-03-01
    ➕
    TURNBULL, Robert appointed
    director
  14. 2021-02-26
    ➖
    CLARK, Shirley Caroline resigned
    secretary
  15. 2021-02-26
    ➖
    CLARK, Shirley Caroline resigned
    director
  16. 2021-02-26
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  17. 2021-02-26
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  18. 2021-02-26
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  19. 2020-07-27
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  20. 2020-05-15
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  21. 2019-08-12
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  22. 2019-07-30
    📄
    change-person-director-company-with-change-date
    officers · CH01
  23. 2019-07-30
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  24. 2006-08-04
    ➕
    CLARK, Shirley Caroline appointed
    secretary
  25. 2006-08-04
    ➖
    MCDOUGALL, Hugh resigned
    secretary
  26. 2006-08-04
    ➕
    CLARK, Michael Iain David appointed
    director
  27. 2006-08-04
    ➕
    CLARK, Shirley Caroline appointed
    director
  28. 2006-08-04
    ➖
    MCDOUGALL, Hugh resigned
    director
  29. 2006-08-04
    ➖
    MCDOUGALL, Irene Mary resigned
    director
  30. 2003-08-26
    ➖
    MCINTOSH, Stephanie resigned
    director
  31. 2003-06-17
    ➕
    MCDOUGALL, Hugh appointed
    secretary
  32. 2003-06-17
    ➖
    BRIAN REID LTD. resigned
    corporate-nominee-secretary
  33. 2003-06-17
    ➕
    MCDOUGALL, Hugh appointed
    director
  34. 2003-06-17
    ➕
    MCDOUGALL, Irene Mary appointed
    director
  35. 2003-06-17
    ➕
    MCINTOSH, Stephanie appointed
    director
  36. 2003-06-17
    ➖
    STEPHEN MABBOTT LTD. resigned
    corporate-nominee-director
  37. 2003-06-16
    🏢
    Company incorporated
    As COVENESS LIMITED
  38. 2003-06-16
    ➕
    BRIAN REID LTD. appointed
    corporate-nominee-secretary
  39. 2003-06-16
    ➕
    STEPHEN MABBOTT LTD. appointed
    corporate-nominee-director

Owner dependency

83/100
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.
  • +Senior director age: Director aged approximately 61 — approaching natural succession window.

Succession & seller-readiness

65/100
Strong succession signal

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

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.
  • secondaryStable-but-static management: Company is 23 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.)

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Robert Turnbull
Individual · British · DOB 01/1965 · age 61
75–100%
—75-100% shares01/03/2021
2 historic (ceased) PSCs
  • Mr Michael Iain David Clarkceased 01/03/2021· 50-75% shares · 50-75% voting
  • Mrs Shirley Caroline Clarkceased 26/02/2021· 25-50% shares · 25-50% voting

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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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 →
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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
Incorporated2003-06-16
Jurisdictionscotland
Primary SIC49320 — SIC 49320

Registered office

4 Granton Grove
Edinburgh
EH5 1AU
Scotland

Filing status

Accounts
Next due: 2027-03-16
Last made up to: 2025-06-18
Confirmation statement
Next due: 2026-06-30
Last: 2025-06-16

Officers (1 active · 9 resigned)

TURNBULL, Robert→
director · ~61y · appointed 2021-03-01
View their other companies + combined net worth →
Active
CLARK, Shirley Caroline→
secretary · appointed 2006-08-04 · resigned 2021-02-26
Resigned
MCDOUGALL, Hugh→
secretary · appointed 2003-06-17 · resigned 2006-08-04
Resigned
BRIAN REID LTD.→
corporate-nominee-secretary · appointed 2003-06-16 · resigned 2003-06-17
Resigned
CLARK, Michael Iain David→
director · ~64y · appointed 2006-08-04 · resigned 2022-07-05
Resigned
CLARK, Shirley Caroline→
director · ~62y · appointed 2006-08-04 · resigned 2021-02-26
Resigned
MCDOUGALL, Hugh→
director · ~91y · appointed 2003-06-17 · resigned 2006-08-04
Resigned
MCDOUGALL, Irene Mary→
director · ~84y · appointed 2003-06-17 · resigned 2006-08-04
Resigned
MCINTOSH, Stephanie→
director · ~62y · appointed 2003-06-17 · resigned 2003-08-26
Resigned
STEPHEN MABBOTT LTD.→
corporate-nominee-director · appointed 2003-06-16 · resigned 2003-06-17
Resigned

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

Recent filings (92 total)

accounts-with-accounts-type-dormant
accounts · AA
2025-06-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-18
accounts-with-accounts-type-dormant
accounts · AA
2024-06-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-06-17
accounts-with-accounts-type-dormant
accounts · AA
2023-06-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-23
termination-director-company-with-name-termination-date
officers · TM01
2022-07-05
accounts-with-accounts-type-dormant
accounts · AA
2022-06-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-06-17
change-account-reference-date-company-current-shortened
accounts · AA01
2022-04-13
accounts-with-accounts-type-dormant
accounts · AA
2022-04-13
confirmation-statement-with-updates
confirmation-statement · CS01
2021-07-07
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2021-03-05
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2021-03-05
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2021-03-05