NORTH OFFSHORE LIMITED

🌳Matureactive

SC328499 · ltd · incorporated 2007-07-30

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.

Opportunity decay

approaching window · 12-months

Approaching a transaction window — refinance or sale event plausible in the next 12 months.

· Oldest live charge 17.5y old — refinance window within 12 months

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Oct 2025

Net worth

£4.74M

book net assets

Opportunity

83/100

Exceptional

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What this business does

Primary activity: Other business support service activities n.e.c.

Sector: Administrative & support services

Investor take

Pursue

Asset-holding vehicle with a 73-year-old founder — textbook succession opportunity.

Opportunity 83/100 (exceptional), bankability 85/100. Strong seller-intent signal (73/100, director aged 73). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 17.5y

70/100

ready

Refinance conversation should be productive — structure clean and timing right.

· Oldest live charge is 17.5 years old — likely at or near maturity.
· Two lenders — manageable, but coordination required.
· Legal-friction score 15/100 — clean.

Data confidence

Overall: high (89/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile

address, 1 SIC codes, incorporation date

100

Financials

3 years of iXBRL accounts extracted + narrative notes parsed

Lenders & charges

2 charges (2/2 with lender, 2/2 with type)

Directors & officers

7 officers (5 active, 7 linked, 6 with DOB)

Ownership & PSC

1 active PSC(s) of 1 total, 1 with control declared

Director network

12 connected companies via shared directors

Filing history

70 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

83/100Exceptional

PassWatchWorth a lookStrongExceptional

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102

Positive net assets

Net assets £4,737,822

Key financials

3 years extracted from filed iXBRL accounts

Cash

£2.7m

Net Worth

£4.7m

Current Assets

£8.0m

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102

Metric	2025-10-31	2024-10-31	2023-10-31
Profit before tax	—	£2.78M	£1.22M
Total assets	£4.76M	—	—
Current assets	£7.98M	—	—
Cash	£2.70M	—	—
Debtors	£5.26M	—	—
Net assets	£4.74M	—	—
Average employees	—	7500	7000

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

filing

• 1 accounts

Last 90 days

filings

• 1 accounts
• 1 auditors

Last 180 days

filings

• 1 accounts
• 1 auditors

Counts from Companies House filing history.

Corporate timeline (34 events)Click to expand

2026-05-12
📄
accounts-with-accounts-type-medium
accounts · AA
2026-03-02
📄
auditors-resignation-company
auditors · AUD
2025-07-25
📄
accounts-with-accounts-type-full
accounts · AA
2024-07-31
📄
accounts-with-accounts-type-full
accounts · AA
2024-06-04
➖
HOWITT, Adam Ross resigned
director
2024-06-04
➖
PATRICK, Recardo resigned
director
2024-06-04
📄
termination-director-company-with-name-termination-date
officers · TM01
2024-06-04
📄
termination-director-company-with-name-termination-date
officers · TM01
2024-06-04
📄
mortgage-satisfy-charge-full
mortgage · MR04
2024-06-04
🔓
Charge satisfied #2
2024-03-28
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-03-20
📄
memorandum-articles
incorporation · MA
2024-03-20
📄
resolution
resolution · RESOLUTIONS
2024-03-18
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-03-18
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-03-18
📄
mortgage-satisfy-charge-full
mortgage · MR04
2024-03-18
🔓
Charge satisfied #1
2024-03-13
🔒
Charge registered #2
Lender: Bibby Factors Limited
2024-03-12
➕
HOWITT, Adam Ross appointed
director
2024-03-12
➕
PATRICK, Recardo appointed
director
2023-07-31
📄
accounts-with-accounts-type-full
accounts · AA
2022-08-02
📄
accounts-with-accounts-type-full
accounts · AA
2021-08-02
📄
accounts-with-accounts-type-full
accounts · AA
2020-08-11
📄
change-person-director-company-with-change-date
officers · CH01
2020-08-11
📄
change-person-director-company-with-change-date
officers · CH01
2020-08-11
📄
change-person-director-company-with-change-date
officers · CH01
2020-08-11
📄
change-person-director-company-with-change-date
officers · CH01
2009-01-07
➕
LEWIS, Karl appointed
director
2008-10-31
🔒
Charge registered #1
Lender: Bank of Scotland PLC
2008-05-09
➕
HAYES, Andrew Stuart appointed
director
2007-07-30
🏢
Company incorporated
As NORTH OFFSHORE LIMITED
2007-07-30
➕
CAMPBELL, John Alexander appointed
secretary
2007-07-30
➕
CAMPBELL, John Alexander appointed
director
2007-07-30
➕
GARDEN, Lee Anthony appointed
director

Owner dependency

65/100

High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS

-4 active directors: Broader management team in place — suggests transferable governance.
+Long-tenure founder: Senior director has been in place 19 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 73 — succession pressure is live.

Succession & seller-readiness

83/100

Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS

primaryFounder aged 70+: Senior director is approximately 73 years old. Natural succession window is now.
secondary12+ year tenure: Director in role 19 years.
secondaryStable-but-static management: Company is 19 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.)

Group structure

North Group Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️

North Group Limited

Corporate parent · holds 75-100% shares

ultimate parent

⬇

NORTH OFFSHORE LIMITED

This company · SC328499

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%

Name	Shares	Voting rights	Nature of control	Notified
North Group Limited Corporate entity	75–100%	75–100%	75-100% shares · 75-100% 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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JAMES JAMIESON CONSTRUCTION LIMITED→ SC386496 · est 2010	£2.69M £2.02M–£3.36M	£13.65M	—	3800	15y	84	68y
CASTLETON FRUIT LTD.→ SC369372 · est 2009	£2.18M £1.63M–£2.72M	£15.34M	—	30100	16y	83	52y
MINTRA LTD→ SC362194 · est 2009	£1.21M £909.4k–£1.52M	£11.76M	—	7500	16y	85	62y
PARK AND SHINE LTD→ SC380696 · est 2010	£52.9k £39.7k–£66.1k	—	—	300	15y	85	75y
ACUMEN FINANCIAL PLANNING LIMITED→ SC215343 · est 2001	—	—	£1.05M	—	25y	83	74y
ANIRAC LIMITED→ SC280789 · est 2005	—	—	£1.67M	—	21y	83	85y
ASHLEY PROPERTIES ABERDEEN LIMITED→ SC315836 · est 2007 · no financials extracted	—	—	—	—	19y	83	78y
BUILDTALL LIMITED→ SC235986 · est 2002	—	—	£4.39M	—	23y	83	59y
DRUMMUIR & BOTRIPHNIE COMMUNITY TRUST→ SC273043 · est 2004 · no financials extracted	—	—	—	—	21y	83	67y
EIJ DEVELOPMENTS LIMITED→ SC226210 · est 2001	—	—	£1.38M	—	24y	83	69y

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.

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Company details

Statusactive

Typeltd

Incorporated2007-07-30

Jurisdictionscotland

Primary SIC82990 — Other business support service activities n.e.c.

Registered office

Saltire House

Blackness Avenue

Altens

Aberdeen

AB12 3PG

Filing status

Accounts

Next due: 2027-07-31

Last made up to: 2025-10-31

Confirmation statement

Next due: 2026-08-13

Last: 2025-07-30