ELRIG LIMITED
🌳Matureactive
SC271703 · ltd · incorporated 2004-08-06
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.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£-45.6k
book net assets
Opportunity
79/100
Strong
What this business does
Primary activity: Other business support service activities n.e.c.
Sector: Administrative & support services
Investor take
Pass (distressed without resilience)Distressed active trading company — structural issues outweigh the discount.
Opportunity 79/100 (strong), bankability 85/100. Strong seller-intent signal (80/100, director aged 64). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).
🏦
Refinance opportunity
3 live charges · oldest 20.5y
45/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 20.5 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Cashflow trend is negative — lender view likely cautious.
Data confidence
Overall: medium (79/100)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
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
4 officers (3 active, 4 linked, 2 with DOB)
80
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
61 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
79/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredNegative net assets
Liabilities exceed assets by £45,607
Cash YoY
-23%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£43k
↓ 23% YoY
Net Worth
-£46k
↑ 41% YoY
Current Assets
£48k
↓ 34% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Total assets | £-20.6k | £-47.1k |
| Current assets | £48.1k | £72.5k |
| Cash | £42.6k | £55.3k |
| Debtors | £5.5k | £17.2k |
| Net assets | £-45.6k | £-77.5k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
2 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
0
filings
Counts from Companies House filing history.
Corporate timeline (28 events)Click to expand
- 2025-06-13📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-05-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-10-12📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-03-11📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-03-11📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-03-11📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-03-11🔓Charge satisfied #3
- 2023-03-11🔓Charge satisfied #2
- 2023-03-11🔓Charge satisfied #1
- 2022-08-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-09-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-07-24📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-06-08📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2019-12-18📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2018-12-18📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2017-12-06📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2017-08-07📄change-person-director-company-with-change-dateofficers · CH01
- 2017-08-07📄change-person-secretary-company-with-change-dateofficers · CH03
- 2017-08-07📄change-person-director-company-with-change-dateofficers · CH01
- 2006-10-24🔒Charge registered #3Lender: The Royal Bank of Scotland PLC
- 2006-07-18🔒Charge registered #2Lender: The Royal Bank of Scotland PLC
- 2005-10-20🔒Charge registered #1Lender: The Royal Bank of Scotland PLC
- 2004-08-06🏢Company incorporatedAs ELRIG LIMITED
- 2004-08-06➕ELRICK, Deborah appointedsecretary
- 2004-08-06➕ELRICK, Andrew John appointeddirector
- 2004-08-06➕ELRICK, Deborah appointeddirector
- 2004-08-06➕OSWALDS OF EDINBURGH LIMITED appointedcorporate-nominee-secretary
- 2004-08-06➖OSWALDS OF EDINBURGH LIMITED resignedcorporate-nominee-secretary
Owner dependency
84/100
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
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Long-tenure founder: Senior director has been in place 22 years — deep operational knowledge concentrated in one person.
- +Senior director age: Director aged approximately 64 — approaching natural succession window.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
86/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 63+: Senior director is approximately 64. Approaching typical UK retirement age — succession thinking likely.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- 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
1 med ·Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Shareholders & ownership
1 active beneficial owner| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Andrew John Elrick Individual · British · DOB 09/1963 · age 63 | 50–75% | 50–75% | 50-75% shares · 50-75% voting | 06/04/2016 |
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 →Similar companies
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|---|---|---|---|---|---|---|---|
| COCOCARAMEL LTD→ SC743774 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| COLLIE ENGINEERING CONSULTANTS LIMITED→ SC444912 · est 2013 · no financials extracted | — | — | — | — | 13y | — | — |
| COMPASS MBA LTD→ SC413103 · est 2011 · no financials extracted | — | — | — | — | 14y | — | — |
| COOPER NISBET HORTICULTURE LTD→ SC848212 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| CORMACK CONSULTANCY LTD→ SC444290 · est 2013 · no financials extracted | — | — | — | — | 13y | — | — |
| COTBURN WIND ENERGY LIMITED→ SC384243 · est 2010 · no financials extracted | — | — | — | — | 15y | — | — |
| COTTOWN FARM LTD→ SC446544 · est 2013 · no financials extracted | — | — | — | — | 13y | — | — |
| COUTTS TELECOMMUNICATION SYSTEMS LIMITED→ SC394303 · est 2011 · no financials extracted | — | — | — | — | 15y | — | — |
| CPM DESIGN & SURVEY LTD.→ SC322232 · est 2007 · no financials extracted | — | — | — | — | 18y | — | — |
| CRAIGDON MOUNTAIN SPORTS (INVERURIE) LIMITED→ SC490890 · est 2014 · no financials extracted | — | — | — | — | 11y | — | — |
| CRAIGS GARDEN SERVICES LIMITED→ SC515432 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
| CRAIGSHANNOCH CONSULTING LIMITED→ SC388893 · est 2010 · no financials extracted | — | — | — | — | 15y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
6 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
Incorporated2004-08-06
Jurisdictionscotland
Primary SIC82990 — Other business support service activities n.e.c.
Registered office
5 Carden Place
Aberdeen
AB10 1UT
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-08-20
Last: 2025-08-06
Officers (3 active · 1 resigned)
Active
ELRICK, Andrew John→
Activedirector · ~63y · appointed 2004-08-06
View their other companies + combined net worth →
ELRICK, Deborah→
Activedirector · ~64y · appointed 2004-08-06
View their other companies + combined net worth →
OSWALDS OF EDINBURGH LIMITED→
Resignedcorporate-nominee-secretary · appointed 2004-08-06 · resigned 2004-08-06
Click a director name to see their full track record across all companies.
Mortgages & charges
3
Total charges
0
Outstanding
0
Active lenders
Status:Lender:3 of 3 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Standard security | 1 property | 24/10/2006 | 11/03/2023 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Standard security | 1 property | 18/07/2006 | 11/03/2023 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Bond & floating charge | 1 property | 20/10/2005 | 11/03/2023 |
Recent filings (61 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-06-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-09-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-05-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-10-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-08-22
mortgage-satisfy-charge-full
mortgage · MR04
2023-03-11
mortgage-satisfy-charge-full
mortgage · MR04
2023-03-11
mortgage-satisfy-charge-full
mortgage · MR04
2023-03-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-08-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-08-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-09-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-08-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-09-24
accounts-with-accounts-type-micro-entity
accounts · AA
2020-07-24