ITECO OILFIELD SUPPLY UK LIMITED

💤Zombieactive
SC335752 · ltd · incorporated 2008-01-03
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.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
—
book net assets
Opportunity
80/100
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
Active trading company with a 60-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (70/100, director aged 60). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (73/100).

Data confidence

Overall: medium (76/100)

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
Confirmed no charges registered
85
Directors & officers
9 officers (2 active, 9 linked, 5 with DOB)
81
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
67 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
80/100Exceptional
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
90
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£0Dec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-12-312023-12-31
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
0
filings
Last 180 days
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (33 events)Click to expand
  1. 2025-10-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-11-15
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  3. 2024-09-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-09-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2022-09-02
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2021-09-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2020-12-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2019-09-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2019-08-02
    📄
    appoint-corporate-secretary-company-with-name-date
    officers · AP04
  10. 2019-08-02
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  11. 2019-08-01
    ➕
    RAEBURN CHRISTIE CLARK & WALLACE LLP appointed
    corporate-secretary
  12. 2019-07-31
    ➖
    RAEBURN CHRISTIE CLARK AND WALLACE resigned
    corporate-secretary
  13. 2018-09-24
    📄
    accounts-with-accounts-type-full
    accounts · AA
  14. 2018-05-22
    📄
    resolution
    resolution · RESOLUTIONS
  15. 2018-04-12
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  16. 2018-03-30
    ➖
    BATTENSBY, Stanley resigned
    director
  17. 2018-02-27
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  18. 2018-02-21
    ➖
    BRADLEY, Ilirjana resigned
    director
  19. 2017-11-06
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  20. 2017-10-03
    📄
    accounts-with-accounts-type-full
    accounts · AA
  21. 2017-03-28
    ➖
    GILCHRIST, Derek resigned
    director
  22. 2017-01-17
    ➕
    BATTENSBY, Stanley appointed
    director
  23. 2017-01-17
    ➕
    BRADLEY, Ilirjana appointed
    director
  24. 2008-12-09
    ➕
    DUIJNDAM, Bart Edward appointed
    director
  25. 2008-07-16
    ➖
    MD SECRETARIES LIMITED resigned
    corporate-nominee-secretary
  26. 2008-07-16
    ➕
    RAEBURN CHRISTIE CLARK AND WALLACE appointed
    corporate-secretary
  27. 2008-06-16
    ➕
    GILCHRIST, Derek appointed
    director
  28. 2008-06-16
    ➖
    VAN DEN BOS, Gaby resigned
    director
  29. 2008-03-18
    ➕
    VAN DEN BOS, Gaby appointed
    director
  30. 2008-03-18
    ➖
    MD DIRECTORS LIMITED resigned
    corporate-nominee-director
  31. 2008-01-03
    🏢
    Company incorporated
    As ITECO OILFIELD SUPPLY UK LIMITED
  32. 2008-01-03
    ➕
    MD SECRETARIES LIMITED appointed
    corporate-nominee-secretary
  33. 2008-01-03
    ➕
    MD DIRECTORS LIMITED appointed
    corporate-nominee-director

Owner dependency

93/100
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 17 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 60 — approaching natural succession window.

Succession & seller-readiness

78/100
Likely off-market candidate

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

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 60. Early succession window.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondary12+ year tenure: Director in role 17 years.
  • secondaryStable-but-static management: Company is 18 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
Bart Edward Duijndam
Individual · Dutch · DOB 05/1966 · age 60
75–100%
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.

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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
Incorporated2008-01-03
Jurisdictionscotland
Primary SIC82990 — Other business support service activities n.e.c.

Registered office

Suite L1 Badentoy Avenue
Portlethen
Aberdeen
AB12 4YB
Scotland

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-11-15
Last: 2025-11-01

Officers (2 active · 7 resigned)

RAEBURN CHRISTIE CLARK & WALLACE LLP→
corporate-secretary · appointed 2019-08-01
View their other companies + combined net worth →
Active
DUIJNDAM, Bart Edward→
director · ~60y · appointed 2008-12-09
View their other companies + combined net worth →
Active
MD SECRETARIES LIMITED→
corporate-nominee-secretary · appointed 2008-01-03 · resigned 2008-07-16
Resigned
RAEBURN CHRISTIE CLARK AND WALLACE→
corporate-secretary · appointed 2008-07-16 · resigned 2019-07-31
Resigned
BATTENSBY, Stanley→
director · ~68y · appointed 2017-01-17 · resigned 2018-03-30
Resigned
BRADLEY, Ilirjana→
director · ~48y · appointed 2017-01-17 · resigned 2018-02-21
Resigned
GILCHRIST, Derek→
director · ~75y · appointed 2008-06-16 · resigned 2017-03-28
Resigned
VAN DEN BOS, Gaby→
director · ~59y · appointed 2008-03-18 · resigned 2008-06-16
Resigned
MD DIRECTORS LIMITED→
corporate-nominee-director · appointed 2008-01-03 · resigned 2008-03-18
Resigned

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

Recent filings (67 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-10-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-11-15
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-11-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-09-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-11-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-09-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-12-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-11-07
confirmation-statement-with-updates
confirmation-statement · CS01
2019-11-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-09-30