COSTAIN UPSTREAM LIMITED

💤Zombieactive
SC336371 · ltd · incorporated 2008-01-18
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
not disclosed
Net worth
book net assets
Opportunity
75/100
Strong
🔔
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What this business does
Primary activity: Engineering design activities for industrial process and production
Sector: Professional, scientific & technical
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 75/100 (strong), bankability 85/100. High owner-dependency — earn-out structure likely required for clean transition. 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 (58/100).

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 17.0y

30/100
under pressure

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

  • · Oldest live charge is 17.0 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (57/100)

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
No iXBRL financials extracted
0
Lenders & charges
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
30 officers (2 active, 30 linked, 21 with DOB)
84
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
149 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
75/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
55
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
2
filings
  • 1 confirmation-statement
  • 1 officers
Counts from Companies House filing history.
Corporate timeline (83 events)Click to expand
  1. 2025-11-05
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  2. 2025-11-03
    WHITE, Samuel Michael resigned
    director
  3. 2025-07-16
    📄
    accounts-with-accounts-type-audit-exemption-subsiduary
    accounts · AA
  4. 2025-05-29
    📄
    legacy
    accounts · PARENT_ACC
  5. 2025-05-29
    📄
    legacy
    other · GUARANTEE2
  6. 2025-05-29
    📄
    legacy
    other · AGREEMENT2
  7. 2025-04-15
    📄
    change-person-director-company-with-change-date
    officers · CH01
  8. 2025-01-15
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  9. 2024-08-05
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  10. 2024-06-19
    📄
    accounts-with-accounts-type-full
    accounts · AA
  11. 2024-06-19
    📄
    legacy
    accounts · PARENT_ACC
  12. 2024-06-19
    📄
    legacy
    other · AGREEMENT2
  13. 2024-06-19
    📄
    legacy
    other · GUARANTEE2
  14. 2024-06-16
    📄
    legacy
    other · AGREEMENT2
  15. 2023-06-01
    📄
    accounts-with-accounts-type-full
    accounts · AA
  16. 2022-11-16
    📄
    second-filing-of-confirmation-statement-with-made-up-date
    confirmation-statement · RP04CS01
  17. 2022-08-03
    📄
    accounts-with-accounts-type-full
    accounts · AA
  18. 2022-07-15
    📄
    appoint-person-secretary-company-with-name-date
    officers · AP03
  19. 2022-07-15
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  20. 2022-07-05
    GEOGHEGAN, Nicole Ann appointed
    secretary
  21. 2022-07-05
    HARRIS, Sharon resigned
    secretary
  22. 2022-03-29
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  23. 2022-03-29
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  24. 2022-03-18
    SUTER, Philip Charles Anthony appointed
    director
  25. 2022-03-18
    HUNTER, Martin David resigned
    director
  26. 2022-01-04
    WHITE, Samuel Michael appointed
    director
  27. 2021-12-31
    MAYHEW, Maxine Eleanor, Dr resigned
    director
  28. 2020-12-18
    ATKINSON, Mark Roger resigned
    director
  29. 2020-12-18
    HUNTER, Martin David appointed
    director
  30. 2020-09-01
    HARRIS, Sharon appointed
    secretary
  31. 2020-09-01
    WOOD, Tracey Alison resigned
    secretary
  32. 2020-04-06
    MAYHEW, Maxine Eleanor, Dr appointed
    director
  33. 2020-04-06
    SHORE, Gerard Nikolas resigned
    director
  34. 2020-04-06
    VAUGHAN, Alexander John resigned
    director
  35. 2018-12-07
    🔓
    Charge satisfied #2
  36. 2018-12-07
    🔓
    Charge satisfied #1
  37. 2018-06-30
    HARRIS, Matthew James resigned
    director
  38. 2017-05-02
    ATKINSON, Mark Roger appointed
    director
  39. 2017-05-02
    SHORE, Gerard Nikolas appointed
    director
  40. 2017-02-15
    MACKAY, Frazer Stuart resigned
    director
  41. 2016-12-31
    KIRKBRIDE, Peter resigned
    director
  42. 2016-11-30
    GARTON, Jonathan Hugh Leslie resigned
    director
  43. 2015-05-22
    MACKAY, Frazer Stuart appointed
    director
  44. 2015-05-22
    WALLACE, Keith resigned
    director
  45. 2014-04-07
    GARTON, Jonathan Hugh Leslie appointed
    director
  46. 2014-04-07
    KIRKBRIDE, Peter appointed
    director
  47. 2014-04-07
    WALLACE, Keith appointed
    director
  48. 2014-04-03
    CLOSE, Sean Austin resigned
    director
  49. 2014-04-03
    COOK, Guy Stephen Molyneux resigned
    director
  50. 2014-04-03
    SHOKER, Satnam Singh resigned
    director
Showing most recent 50 of 83 events

Owner dependency

75/100
High — earn-out structure required

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

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.

Succession & seller-readiness

55/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondaryStable-but-static management: Company is 18 years old and no new directors in the last 3 years — succession not yet being planned internally.

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

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

🏛️
Costain Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
COSTAIN UPSTREAM LIMITED
This company · SC336371

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%
NameSharesVoting rightsNature of controlNotified
Costain Limited
Corporate entity
75100%
75–100%board control75-100% shares · 75-100% voting · board control06/04/2016

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
Incorporated2008-01-18
Jurisdictionscotland
Primary SIC71121 — Engineering design activities for industrial process and production

Registered office

Neo House
Riverside
Aberdeen
Scotland
AB11 7LH
Scotland

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-01-26
Last: 2026-01-12

Officers (2 active · 28 resigned)

GEOGHEGAN, Nicole Ann
secretary · appointed 2022-07-05
View their other companies + combined net worth →
Active
SUTER, Philip Charles Anthony
director · ~42y · appointed 2022-03-18
View their other companies + combined net worth →
Active
FRANKS, Clive Leonard
secretary · appointed 2011-04-07 · resigned 2011-05-31
Resigned
HARRIS, Sharon
secretary · appointed 2020-09-01 · resigned 2022-07-05
Resigned
STARKEY, Paul Michael
secretary · appointed 2012-09-03 · resigned 2013-05-20
Resigned
WOOD, Tracey Alison
secretary · appointed 2011-06-01 · resigned 2020-09-01
Resigned
MACLAY MURRAY & SPENS LLP
corporate-nominee-secretary · appointed 2008-01-18 · resigned 2011-01-19
Resigned
PAULL & WILLIAMSONS LLP
corporate-secretary · appointed 2011-01-19 · resigned 2011-04-07
Resigned
ATKINSON, Mark Roger
director · ~48y · appointed 2017-05-02 · resigned 2020-12-18
Resigned
CLOSE, Sean Austin
director · ~57y · appointed 2008-10-01 · resigned 2014-04-03
Resigned
COOK, Guy Stephen Molyneux
director · ~72y · appointed 2009-03-31 · resigned 2014-04-03
Resigned
DORNAN, Alistair Weir
director · ~63y · appointed 2008-10-01 · resigned 2011-04-07
Resigned
GARTON, Jonathan Hugh Leslie
director · ~60y · appointed 2014-04-07 · resigned 2016-11-30
Resigned
HARRIS, Matthew James
director · ~56y · appointed 2012-12-20 · resigned 2018-06-30
Resigned
HUNTER, Martin David
director · ~67y · appointed 2020-12-18 · resigned 2022-03-18
Resigned
KIRKBRIDE, Peter
director · ~68y · appointed 2014-04-07 · resigned 2016-12-31
Resigned
MACKAY, Frazer Stuart
director · ~62y · appointed 2015-05-22 · resigned 2017-02-15
Resigned
MAYHEW, Maxine Eleanor, Dr
director · ~53y · appointed 2020-04-06 · resigned 2021-12-31
Resigned
MILLER, Francis Joseph
director · ~62y · appointed 2011-04-07 · resigned 2014-03-31
Resigned
ROGERSON, Mark
director · ~62y · appointed 2012-12-20 · resigned 2013-09-21
Resigned

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

Mortgages & charges

2
Total charges
0
Outstanding
0
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
satisfied
Lloyds Banking Group
Royal Bank of Scotland PLC
Floating charge1 property19/05/200907/12/2018
satisfied
NatWest Group
Rbs Invoice Finance Limited
Floating charge1 property28/04/200907/12/2018

Recent filings (149 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-12
termination-director-company-with-name-termination-date
officers · TM01
2025-11-05
accounts-with-accounts-type-audit-exemption-subsiduary
accounts · AA
2025-07-16
legacy
accounts · PARENT_ACC
2025-05-29
legacy
other · GUARANTEE2
2025-05-29
legacy
other · AGREEMENT2
2025-05-29
change-person-director-company-with-change-date
officers · CH01
2025-04-15
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-01-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-13
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2024-08-05
accounts-with-accounts-type-full
accounts · AA
2024-06-19
legacy
accounts · PARENT_ACC
2024-06-19
legacy
other · AGREEMENT2
2024-06-19
legacy
other · GUARANTEE2
2024-06-19
legacy
other · AGREEMENT2
2024-06-16