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.
Why now
Window steady · low confidence
Stable recent picture — watch for any upcoming trigger event.
What changed my view
Last 30 days

No material changes in the last 30 days.

Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£-45.6k
book net assets
Opportunity
79/100
Strong
🔔
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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 20.7y

45/100
under pressure

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

  • · Oldest live charge is 20.7 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 declared
Negative net assets
Liabilities exceed assets by £45,607
Cash YoY
-23%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£43k
↓ 23% YoY
Net Worth
-£46k
↑ 41% YoY
Current Assets
£48k
↓ 34% YoY
Current Liabilities
—
-£78k-£48k-£18k£12k£42k£72kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-312024-03-31
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
  1. 2025-06-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-05-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-10-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-03-11
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  5. 2023-03-11
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  6. 2023-03-11
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  7. 2023-03-11
    🔓
    Charge satisfied #3
  8. 2023-03-11
    🔓
    Charge satisfied #2
  9. 2023-03-11
    🔓
    Charge satisfied #1
  10. 2022-08-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2021-09-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2020-07-24
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2020-06-08
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  14. 2019-12-18
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  15. 2018-12-18
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  16. 2017-12-06
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  17. 2017-08-07
    📄
    change-person-director-company-with-change-date
    officers · CH01
  18. 2017-08-07
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  19. 2017-08-07
    📄
    change-person-director-company-with-change-date
    officers · CH01
  20. 2006-10-24
    🔒
    Charge registered #3
    Lender: The Royal Bank of Scotland PLC
  21. 2006-07-18
    🔒
    Charge registered #2
    Lender: The Royal Bank of Scotland PLC
  22. 2005-10-20
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  23. 2004-08-06
    🏢
    Company incorporated
    As ELRIG LIMITED
  24. 2004-08-06
    ➕
    ELRICK, Deborah appointed
    secretary
  25. 2004-08-06
    ➕
    ELRICK, Andrew John appointed
    director
  26. 2004-08-06
    ➕
    ELRICK, Deborah appointed
    director
  27. 2004-08-06
    ➕
    OSWALDS OF EDINBURGH LIMITED appointed
    corporate-nominee-secretary
  28. 2004-08-06
    ➖
    OSWALDS OF EDINBURGH LIMITED resigned
    corporate-nominee-secretary

Owner dependency

84/100
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
  • +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 candidate

Strong 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
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr Andrew John Elrick
Individual · British · DOB 09/1963 · age 63
50–75%
50–75%50-75% shares · 50-75% 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

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)

ELRICK, Deborah→
secretary · appointed 2004-08-06
View their other companies + combined net worth →
Active
ELRICK, Andrew John→
director · ~63y · appointed 2004-08-06
View their other companies + combined net worth →
Active
ELRICK, Deborah→
director · ~64y · appointed 2004-08-06
View their other companies + combined net worth →
Active
OSWALDS OF EDINBURGH LIMITED→
corporate-nominee-secretary · appointed 2004-08-06 · resigned 2004-08-06
Resigned

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
TypeProperties
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property24/10/200611/03/2023
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property18/07/200611/03/2023
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property20/10/200511/03/2023

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