NEVIS CYCLES LIMITED
💤Zombieactive
SC339086 · ltd · incorporated 2008-03-07
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 Mar 2025
Net worth
£-58.1k
book net assets
Opportunity
75/100
Strong
What this business does
Primary activity: Other business support service activities n.e.c.
Sector: Administrative & support services
Investor take
Pass (distressed without resilience)Distressed active trading company — structural issues outweigh the discount.
Opportunity 75/100 (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: distressed disposal / insolvency (65/100).
🏦
Refinance opportunity
1 live charge · oldest 17.8y
45/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 17.8 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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
9 officers (1 active, 9 linked, 6 with DOB)
83
Ownership & PSC
1 active PSC(s) of 5 total, 5 with control declared
90
Director network
Network not yet resolved
30
Filing history
69 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.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredNegative net assets
Liabilities exceed assets by £58,071
Net assets shrinking
Down £78,142 YoY
Cash YoY
-22%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£350
↓ 22% YoY
Net Worth
-£58k
↓ 389% YoY
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Cash | £350 | £446 |
| Net assets | £-58.1k | £20.1k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
3 signals 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 accounts
Last 180 days
1
filing
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (37 events)Click to expand
- 2026-02-23📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-02-07📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-08-19📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-07-21📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-07-06📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2023-07-06📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2023-07-03➖HOLGATE, Emma resigneddirector
- 2023-07-03➖THORBURN, Ewan resigneddirector
- 2023-07-03📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-07-03📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-06-15📄change-person-director-company-with-change-dateofficers · CH01
- 2023-01-11📄termination-director-company-with-name-termination-dateofficers · TM01
- 2022-12-19📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-11-30➖THOMPSON, John Benjamin resigneddirector
- 2022-01-26📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2022-01-26📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2021-12-17📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-11-18📄appoint-person-director-company-with-name-dateofficers · AP01
- 2021-11-15➕THORBURN, Ewan appointeddirector
- 2021-03-08📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-12-01📄appoint-person-director-company-with-name-dateofficers · AP01
- 2020-03-20📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2020-01-31➕MACEACHEN, John appointeddirector
- 2020-01-31➖THOMPSON, John resigneddirector
- 2018-02-27➕HOLGATE, Emma appointeddirector
- 2016-11-25➖THOMPSON, Margaret resignedsecretary
- 2016-11-25➖THOMPSON, Margaret resigneddirector
- 2008-07-07🔒Charge registered #1Lender: Bank of Scotland PLC
- 2008-03-07🏢Company incorporatedAs NEVIS CYCLES LIMITED
- 2008-03-07➕THOMPSON, Margaret appointedsecretary
- 2008-03-07➕BRIAN REID LTD. appointedcorporate-secretary
- 2008-03-07➖BRIAN REID LTD. resignedcorporate-secretary
- 2008-03-07➕THOMPSON, John appointeddirector
- 2008-03-07➕THOMPSON, John Benjamin appointeddirector
- 2008-03-07➕THOMPSON, Margaret appointeddirector
- 2008-03-07➕STEPHEN MABBOTT LTD. appointedcorporate-director
- 2008-03-07➖STEPHEN MABBOTT LTD. resignedcorporate-director
Owner dependency
75/100
High — earn-out structure requiredMaterial 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 signalMultiple 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
cleanNo 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%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr John Maceachen Individual · British · DOB 03/1986 · age 40 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 31/01/2020 |
4 historic (ceased) PSCs
- Emma Holgateceased 03/07/2023· 25-50% shares · 25-50% voting
- John Thompsonceased 27/02/2018· 25-50% shares
- Margaret Thompsonceased 27/02/2018· 25-50% shares
- Mr John Benjamin Thompsonceased 27/02/2018· 25-50% shares
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Similar companies
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|---|---|---|---|---|---|---|---|
| NIKI'S SALON LTD→ SC844406 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| NORTH COAST CARS LTD→ SC479458 · est 2014 · no financials extracted | — | — | — | — | 11y | — | — |
| NORTH WEST PROJECT ENGINEERING LTD→ SC756363 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| NORTHERN ACCESS SERVICES LTD.→ SC290429 · est 2005 · no financials extracted | — | — | — | — | 20y | — | — |
| PAWS AND RELAX HIGHLAND CATTERY LTD→ SC844485 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| PEPPERMINT BEAUTY SALON LTD→ SC442242 · est 2013 · no financials extracted | — | — | — | — | 13y | — | — |
| PROTECT AND POLISH LIMITED→ SC845846 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| PSG ( INV ) LTD→ SC645552 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| R BLACKHALL ENGINEERING SERVICES LTD→ SC443767 · est 2013 · no financials extracted | — | — | — | — | 13y | — | — |
| R-MACH SERVICES LTD→ SC571181 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| RC EXTERIOR CLEANING LTD→ SC863264 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| RCC MANAGEMENT LTD→ SC458483 · est 2013 · no financials extracted | — | — | — | — | 12y | — | — |
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
Incorporated2008-03-07
Jurisdictionscotland
Primary SIC82990 — Other business support service activities n.e.c.
Registered office
C/O Johnston Carmichael Clava House
Cradlehall Business Park
Inverness
IV2 5GH
Scotland
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-08-14
Last: 2025-07-31
Officers (1 active · 8 resigned)
MACEACHEN, John→
Activedirector · ~40y · appointed 2020-01-31
View their other companies + combined net worth →
THOMPSON, Margaret→
Resignedsecretary · appointed 2008-03-07 · resigned 2016-11-25
BRIAN REID LTD.→
Resignedcorporate-secretary · appointed 2008-03-07 · resigned 2008-03-07
HOLGATE, Emma→
Resigneddirector · ~42y · appointed 2018-02-27 · resigned 2023-07-03
THOMPSON, John→
Resigneddirector · ~81y · appointed 2008-03-07 · resigned 2020-01-31
THOMPSON, John Benjamin→
Resigneddirector · ~50y · appointed 2008-03-07 · resigned 2022-11-30
THOMPSON, Margaret→
Resigneddirector · ~82y · appointed 2008-03-07 · resigned 2016-11-25
THORBURN, Ewan→
Resigneddirector · ~43y · appointed 2021-11-15 · resigned 2023-07-03
STEPHEN MABBOTT LTD.→
Resignedcorporate-director · appointed 2008-03-07 · resigned 2008-03-07
Click a director name to see their full track record across all companies.
Mortgages & charges
1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group Bank of Scotland PLC | Bond & floating charge | 1 property | 07/07/2008 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (69 total)
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-02-23
confirmation-statement-with-updates
confirmation-statement · CS01
2025-08-01
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-02-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-08-19
confirmation-statement-with-updates
confirmation-statement · CS01
2024-08-09
confirmation-statement-with-updates
confirmation-statement · CS01
2023-07-31
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-07-21
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-07-06
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-07-06
termination-director-company-with-name-termination-date
officers · TM01
2023-07-03
termination-director-company-with-name-termination-date
officers · TM01
2023-07-03
change-person-director-company-with-change-date
officers · CH01
2023-06-15
confirmation-statement-with-updates
confirmation-statement · CS01
2023-04-03
termination-director-company-with-name-termination-date
officers · TM01
2023-01-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-19