WELLSITE GEOLOGICAL SERVICES LTD

💤Zombieactive

SC342357 · ltd · incorporated 2008-05-06

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 Apr 2025

Net worth

£38.1k

book net assets

Opportunity

75/100

Strong

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What this business does

Primary activity: SIC 06100

Sector: Mining & quarrying

Investor take

Pursue

Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 75/100 (strong), bankability 75/100. 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).

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

Lenders & charges

Confirmed no charges registered

Directors & officers

3 officers (2 active, 3 linked, 1 with DOB)

Ownership & PSC

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

Director network

Network not yet resolved

Filing history

42 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

75/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Active, clean filings, stable charge profile.

Acquirability

Some acquirability indicators.

Risk profile

Few red flags.

Signal strength

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)

Positive net assets

Net assets £38,109

Net assets shrinking

Down £32,275 YoY

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

£38k

↓ 46% YoY

Current Assets

£86k

↑ 11% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)

Metric	2025-04-05	2024-04-05
Total assets	£38.1k	£70.4k
Current assets	£85.7k	£77.5k
Net assets	£38.1k	£70.4k

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 confirmation-statement

Last 90 days

filing

• 1 confirmation-statement

Last 180 days

filings

• 1 confirmation-statement
• 1 accounts

Counts from Companies House filing history.

Corporate timeline (20 events)Click to expand

2026-01-03
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2025-02-04
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2024-01-05
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2023-01-05
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2022-01-04
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2020-11-04
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-12-19
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-12-20
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2017-08-16
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2016-09-12
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2016-05-31
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2015-12-17
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2015-05-31
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2014-10-06
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2014-05-26
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2014-05-01
➕
MAIR, Adele Louise appointed
secretary
2014-05-01
➖
HAWES, Caroline Lesley resigned
secretary
2008-05-06
🏢
Company incorporated
As WELLSITE GEOLOGICAL SERVICES LTD
2008-05-06
➕
MAIR, Kimberley appointed
director
2008-05-06
➕
HAWES, Caroline Lesley appointed
secretary

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 18 years — deep operational knowledge concentrated in one person.

Succession & seller-readiness

68/100

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.
secondary12+ year tenure: Director in role 18 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%

Name	Shares	Voting rights	Nature of control	Notified
Miss Kimberley Mair Individual · British · DOB 10/1980 · age 46	75–100%	75–100%	board controlsig. influence75-100% shares · 75-100% voting · board control · significant influence · firm interest	04/05/2017

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

Similar companies

Active · Manufacturing · AB postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
GRAY & ADAMS LIMITED→ SC047482 · est 1970	£75.13M £58.44M–£91.83M	—	—	502	56y	87	71y
GRAY & ADAMS GROUP LIMITED→ SC230241 · est 2002	£53.82M £41.86M–£65.78M	—	—	0	24y	85	71y
GRAY & ADAMS (DUNFERMLINE) LIMITED→ SC082971 · est 1983	£17.07M £13.28M–£20.87M	—	—	106	43y	85	71y
GRAY & ADAMS (DONCASTER) LIMITED→ SC128013 · est 1990	£16.62M £12.93M–£20.32M	—	—	101	35y	87	71y
INTERWELL LIMITED→ SC391140 · est 2011	£10.98M £8.54M–£13.42M	£33.44M	—	7800	15y	91	60y
EBLAST LIMITED→ SC202165 · est 1999	£8.03M £6.24M–£9.81M	£11.11M	—	7400	26y	88	57y
ROTECH SUBSEA LIMITED→ SC451221 · est 2013	£6.41M £4.99M–£7.83M	£17.20M	—	4800	12y	84	58y
DALES ENGINEERING SERVICES LIMITED→ SC107948 · est 1987	£6.22M £4.84M–£7.60M	£21.87M	—	11000	38y	93	70y
SUPERIOR ENERGY SERVICES LIMITED→ SC259694 · est 2003	£6.15M £4.78M–£7.51M	£1.45M	—	1500	22y	94	60y
IMENCO UK LIMITED→ SC372021 · est 2010	£5.97M £4.64M–£7.29M	£17.33M	—	11500	16y	95	71y
VECTOR SUPPLIES LIMITED→ SC103810 · est 1987	£1.63M £1.27M–£1.99M	—	—	16	39y	85	71y
EXCEED TORRIDON LIMITED→ SC508840 · est 2015	—	—	—	54	10y	84	65y

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

Incorporated2008-05-06

Jurisdictionscotland

Primary SIC06100 — SIC 06100

Registered office

10 Mid Street

Findochty

Buckie

Banffshire

AB56 4QU

Filing status

Accounts

Next due: 2027-01-05

Last made up to: 2025-04-05

Confirmation statement

Next due: 2027-05-15

Last: 2026-05-01

Officers (2 active · 1 resigned)

MAIR, Adele Louise→

secretary · appointed 2014-05-01

View their other companies + combined net worth →

Active

MAIR, Kimberley→

director · ~46y · appointed 2008-05-06

View their other companies + combined net worth →

Active

HAWES, Caroline Lesley→

secretary · appointed 2008-05-06 · resigned 2014-05-01

Resigned

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