DOMESTIC PLUMBING & HEATING (SCOTLAND) LIMITED

💤Zombieactive
SC270977 · ltd · incorporated 2004-07-21
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
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Turnover
year to Oct 2024
Net worth
£1.21M
book net assets
Opportunity
77/100
Strong
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What this business does
Primary activity: Plumbing, heat and air-conditioning installation
Sector: Construction
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 21.5y

30/100
under pressure

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

  • · Oldest live charge is 21.5 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
8 officers (2 active, 8 linked, 3 with DOB)
78
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
67 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.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £1,205,026
Cash YoY
-16%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£680k
↓ 16% YoY
Net Worth
£1.2m
↑ 4.2% YoY
Current Assets
£1.0m
↑ 9.7% YoY
Current Liabilities
£0£241k£482k£723k£964k£1.2mOct 2023Oct 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-10-312023-10-31
Total assets£1.21M£1.16M
Current assets£1.04M£951.1k
Cash£679.6k£805.3k
Debtors£362.9k£144.1k
Net assets£1.21M£1.16M

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
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (33 events)Click to expand
  1. 2025-07-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-07-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-07-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2022-07-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2021-07-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2020-10-02
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2019-07-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2019-04-29
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  9. 2018-10-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2018-09-30
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  11. 2018-03-07
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  12. 2018-03-07
    📄
    change-person-director-company-with-change-date
    officers · CH01
  13. 2018-03-07
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  14. 2017-09-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2016-09-30
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2014-07-23
    🔓
    Charge satisfied #2
  17. 2014-05-19
    🔒
    Charge registered #2
    Lender: The Royal Bank of Scotland PLC
  18. 2013-06-30
    DEVANEY, Lisa Jane appointed
    secretary
  19. 2013-06-30
    TOLMIE, Deborah Lynn resigned
    secretary
  20. 2009-12-01
    DRUMMOND, Andrew resigned
    secretary
  21. 2009-12-01
    TOLMIE, Deborah Lynn appointed
    secretary
  22. 2006-05-29
    HARRIS, Mark resigned
    director
  23. 2006-05-26
    DRUMMOND, Andrew appointed
    secretary
  24. 2006-05-26
    DUKE, Arthur Douglas Michael resigned
    secretary
  25. 2004-11-10
    🔒
    Charge registered #1
    Lender: The Governor and Company of the Bank of Scotland
  26. 2004-09-15
    DEVANEY, John William Michael appointed
    director
  27. 2004-09-15
    DEVANEY, John resigned
    director
  28. 2004-07-21
    🏢
    Company incorporated
    As DOMESTIC PLUMBING & HEATING (SCOTLAND) LIMITED
  29. 2004-07-21
    DUKE, Arthur Douglas Michael appointed
    secretary
  30. 2004-07-21
    OSWALDS OF EDINBURGH LIMITED appointed
    corporate-nominee-secretary
  31. 2004-07-21
    OSWALDS OF EDINBURGH LIMITED resigned
    corporate-nominee-secretary
  32. 2004-07-21
    DEVANEY, John appointed
    director
  33. 2004-07-21
    HARRIS, Mark appointed
    director

Owner dependency

85/100
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.
  • +Long-tenure founder: Senior director has been in place 22 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 22 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 22 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

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr John William Michael Devaney
Individual · British · DOB 09/1970 · age 56
2550%
25–50%sig. influence25-50% shares · 25-50% voting · significant influence06/04/2016
Mrs Lisa Jane Devaney
Individual · Scottish · DOB 11/1973 · age 53
2550%
25–50%sig. influence25-50% shares · 25-50% voting · significant influence06/04/2016

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
Incorporated2004-07-21
Jurisdictionscotland
Primary SIC43220 — Plumbing, heat and air-conditioning installation

Registered office

8-10 Langlands Street
Dundee
DD4 6SZ
Scotland

Filing status

Accounts
Next due: 2026-07-31
Last made up to: 2024-10-31
Confirmation statement
Next due: 2026-08-04
Last: 2025-07-21

Officers (2 active · 6 resigned)

DEVANEY, Lisa Jane
secretary · appointed 2013-06-30
View their other companies + combined net worth →
Active
DEVANEY, John William Michael
director · ~56y · appointed 2004-09-15
View their other companies + combined net worth →
Active
DRUMMOND, Andrew
secretary · appointed 2006-05-26 · resigned 2009-12-01
Resigned
DUKE, Arthur Douglas Michael
secretary · appointed 2004-07-21 · resigned 2006-05-26
Resigned
TOLMIE, Deborah Lynn
secretary · appointed 2009-12-01 · resigned 2013-06-30
Resigned
OSWALDS OF EDINBURGH LIMITED
corporate-nominee-secretary · appointed 2004-07-21 · resigned 2004-07-21
Resigned
DEVANEY, John
director · ~79y · appointed 2004-07-21 · resigned 2004-09-15
Resigned
HARRIS, Mark
director · ~56y · appointed 2004-07-21 · resigned 2006-05-29
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
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge19/05/201423/07/2014
outstanding
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Bond & floating charge1 property10/11/2004
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (67 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-08-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-07-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-07-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-08-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-07-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-08-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-07-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-08-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-07-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-10-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-09-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-09-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-07-31
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2019-04-29