EWAN ROBSON SUBSEA LIMITED

💤Zombieactive
SC288429 · ltd · incorporated 2005-08-03
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.
Why now
Window steady · low confidence
Steady and stalled — no momentum either way. Needs an approach trigger.
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
book net assets
Opportunity
77/100
Strong
🔔
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What this business does
Primary activity: SIC 09100
Sector: Mining & quarrying
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 77/100 (strong), bankability 80/100. 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. 2 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 · oldest 19.1y

45/100
under pressure

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

  • · Oldest live charge is 19.1 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · 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
4 officers (1 active, 4 linked, 1 with DOB)
75
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
52 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.

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
Current Assets
Current Liabilities
£0£0£0£0£0£0Mar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-03-312024-03-31
Average employees100100

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 (25 events)Click to expand
  1. 2026-01-08
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  2. 2025-12-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2025-08-31
    ROBSON, Elizabeth resigned
    secretary
  4. 2024-12-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2023-12-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2023-08-10
    📄
    appoint-person-secretary-company-with-name-date
    officers · AP03
  7. 2023-08-10
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  8. 2023-08-01
    ROBSON, Elizabeth appointed
    secretary
  9. 2023-08-01
    ROBSON, Marion Mary resigned
    secretary
  10. 2022-12-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2021-12-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2021-03-09
    📄
    change-account-reference-date-company-current-shortened
    accounts · AA01
  13. 2021-03-04
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2020-05-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2019-03-07
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2018-03-02
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2017-02-09
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  18. 2016-04-08
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  19. 2007-07-16
    🔒
    Charge registered #2
    Lender: The Royal Bank of Scotland PLC
  20. 2007-07-05
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  21. 2005-08-25
    ROBSON, Marion Mary appointed
    secretary
  22. 2005-08-25
    FAIRCLOUGH ACCOUNTANCY SERVICES LTD resigned
    corporate-secretary
  23. 2005-08-03
    🏢
    Company incorporated
    As EWAN ROBSON SUBSEA LIMITED
  24. 2005-08-03
    ROBSON, Ewan Grant appointed
    director
  25. 2005-08-03
    FAIRCLOUGH ACCOUNTANCY SERVICES LTD appointed
    corporate-secretary

Owner dependency

100/100
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.
  • +Founder name in company name: Company name contains director surname "ROBSON" — strong identity link between founder and business.
  • +Long-tenure founder: Senior director has been in place 21 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 21 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 21 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

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Ewan Grant Robson
Individual · British · DOB 11/1974 · age 52
75100%
75–100%75-100% shares · 75-100% 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

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
Incorporated2005-08-03
Jurisdictionscotland
Primary SIC09100 — SIC 09100

Registered office

64 West High Street
Forfar
Angus
DD8 1BJ

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-08-17
Last: 2025-08-03

Officers (1 active · 3 resigned)

ROBSON, Ewan Grant
director · ~52y · appointed 2005-08-03
View their other companies + combined net worth →
Active
ROBSON, Elizabeth
secretary · appointed 2023-08-01 · resigned 2025-08-31
Resigned
ROBSON, Marion Mary
secretary · appointed 2005-08-25 · resigned 2023-08-01
Resigned
FAIRCLOUGH ACCOUNTANCY SERVICES LTD
corporate-secretary · appointed 2005-08-03 · resigned 2005-08-25
Resigned

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

Mortgages & charges

2
Total charges
2
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property16/07/2007
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property05/07/2007
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (52 total)

termination-secretary-company-with-name-termination-date
officers · TM02
2026-01-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-08-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-08-10
appoint-person-secretary-company-with-name-date
officers · AP03
2023-08-10
termination-secretary-company-with-name-termination-date
officers · TM02
2023-08-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-08-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-08-09
change-account-reference-date-company-current-shortened
accounts · AA01
2021-03-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-03-04