IPR DRILLING LIMITED

💤Zombieactive
SC291698 · ltd · incorporated 2005-10-14
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 Oct 2024
Net worth
—
book net assets
Opportunity
77/100
Strong
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What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
Pursue
Strong opportunity: property-backed borrower 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. 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 · oldest 19.9y

45/100
under pressure

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

  • · Oldest live charge is 19.9 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (77/100)

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, 5 with DOB)
83
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
61 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£0Oct 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
Average employees00

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
1
filing
  • • 1 confirmation-statement
Last 180 days
3
filings
  • • 2 persons-with-significant-control
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (31 events)Click to expand
  1. 2026-01-14
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  2. 2026-01-14
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  3. 2025-07-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2024-07-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2023-07-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2022-07-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2021-07-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2021-01-20
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  9. 2020-10-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2019-11-13
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  11. 2019-11-01
    ➖
    RANDS, Philip John resigned
    director
  12. 2019-07-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2018-07-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  14. 2017-07-28
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2017-04-05
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  16. 2017-03-30
    🔒
    Charge registered #2
    Lender: The Royal Bank of Scotland PLC
  17. 2010-09-14
    ➕
    ALLAN, Lesley appointed
    secretary
  18. 2010-09-14
    ➖
    MEADOWS, Gary James resigned
    secretary
  19. 2010-09-14
    ➖
    MEADOWS, Gary James resigned
    director
  20. 2009-05-08
    ➖
    RANDS, Carl Philip resigned
    director
  21. 2009-05-08
    ➖
    RANDS, Isabella Margaret resigned
    director
  22. 2008-10-31
    ➕
    MEADOWS, Gary James appointed
    secretary
  23. 2008-10-31
    ➖
    RANDS, Isabella Margaret resigned
    secretary
  24. 2008-06-30
    ➕
    MEADOWS, Gary James appointed
    director
  25. 2006-07-05
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  26. 2005-10-14
    🏢
    Company incorporated
    As IPR DRILLING LIMITED
  27. 2005-10-14
    ➕
    RANDS, Shaun Steven appointed
    director
  28. 2005-10-14
    ➕
    RANDS, Isabella Margaret appointed
    secretary
  29. 2005-10-14
    ➕
    RANDS, Carl Philip appointed
    director
  30. 2005-10-14
    ➕
    RANDS, Isabella Margaret appointed
    director
  31. 2005-10-14
    ➕
    RANDS, Philip John 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 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 Shaun Steven Rands
Individual · British · DOB 06/1984 · age 42
75–100%
—75-100% shares14/01/2026
1 historic (ceased) PSC
  • Mr Philip Randsceased 14/01/2026· 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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FREEPORT SCOTLAND LIMITED→
SC087372 · est 1984
£2.26M
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—£2.26M—42y8365y
ROBB DONALD & CO. LIMITED→
SC109886 · est 1988
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£1.42M–£1.92M
—£1.67M—38y8376y
DOONBANK INVESTMENTS LIMITED→
SC089875 · est 1984
£1.61M
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—£1.61M—41y8369y
DS PROPERTY MANAGEMENT LIMITED→
SC372145 · est 2010
£234.1k
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—£234.1k—16y8361y
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—£111.8k—20y8371y
BARRA SHELL LIMITED→
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———20020y8360y
BLUEHOUSE SCOTLAND LTD.→
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———025y8367y
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———160020y8370y
DMVE TRUSTEE LIMITED→
SC043088 · est 1966
———060y8360y
INVERGOWER ESTATES LIMITED→
SC211407 · est 2000 · no financials extracted
————25y8366y
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————22y8371y
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———023y8379y
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
Incorporated2005-10-14
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

Catcraig Quarry
Craigie
Kilmarnock
East Ayrshire
KA1 5NB
Scotland

Filing status

Accounts
Next due: 2026-07-31
Last made up to: 2024-10-31
Confirmation statement
Next due: 2027-02-21
Last: 2026-02-07

Officers (2 active · 6 resigned)

ALLAN, Lesley→
secretary · appointed 2010-09-14
View their other companies + combined net worth →
Active
RANDS, Shaun Steven→
director · ~42y · appointed 2005-10-14
View their other companies + combined net worth →
Active
MEADOWS, Gary James→
secretary · appointed 2008-10-31 · resigned 2010-09-14
Resigned
RANDS, Isabella Margaret→
secretary · appointed 2005-10-14 · resigned 2008-10-31
Resigned
MEADOWS, Gary James→
director · ~68y · appointed 2008-06-30 · resigned 2010-09-14
Resigned
RANDS, Carl Philip→
director · ~44y · appointed 2005-10-14 · resigned 2009-05-08
Resigned
RANDS, Isabella Margaret→
director · ~80y · appointed 2005-10-14 · resigned 2009-05-08
Resigned
RANDS, Philip John→
director · ~73y · appointed 2005-10-14 · resigned 2019-11-01
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
A registered charge1 property30/03/2017—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property05/07/2006—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (61 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-04
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2026-01-14
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2026-01-14
accounts-with-accounts-type-micro-entity
accounts · AA
2025-07-31
confirmation-statement-with-updates
confirmation-statement · CS01
2025-02-07
accounts-with-accounts-type-micro-entity
accounts · AA
2024-07-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-10
accounts-with-accounts-type-micro-entity
accounts · AA
2023-07-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-04-12
accounts-with-accounts-type-micro-entity
accounts · AA
2022-07-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-04-13
accounts-with-accounts-type-micro-entity
accounts · AA
2021-07-29
confirmation-statement-with-updates
confirmation-statement · CS01
2021-03-05
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2021-01-20
confirmation-statement-with-updates
confirmation-statement · CS01
2020-12-03