KARIS TECHNICAL SERVICES LTD.

💤Zombieactive

SC350406 · ltd · incorporated 2008-10-24

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.

Why now

Window steady · low confidence

Steady and stalled — no momentum either way. Needs an approach trigger.

What changed my view

Last 30 days

No material changes in the last 30 days.

Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Feb 2025

Net worth

£65.9k

book net assets

Opportunity

82/100

Exceptional

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch

What this business does

Primary activity: SIC 36000

Sector: Water supply & waste

Investor take

Pursue

Asset-holding vehicle with a 62-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 85/100. Strong seller-intent signal (80/100, director aged 62). 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).

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 15.7y

30/100

under pressure

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

· Oldest live charge is 15.7 years old — likely at or near maturity.
· Two lenders — manageable, but coordination required.
· Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (79/100)

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

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

Directors & officers

6 officers (2 active, 6 linked, 3 with DOB)

Ownership & PSC

1 active PSC(s) of 2 total, 2 with control declared

Director network

1 connected companies via shared directors

Filing history

61 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

82/100Exceptional

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 105 (micro)

Positive net assets

Net assets £65,880

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

£66k

↑ 33% YoY

Current Assets

£259k

↑ 41% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)

Metric	2025-02-28	2024-02-29
Total assets	£99.7k	£98.6k
Current assets	£258.8k	£183.1k
Net assets	£65.9k	£49.5k

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

filings

Last 90 days

filings

Last 180 days

filings

Counts from Companies House filing history.

Corporate timeline (31 events)Click to expand

2025-09-26
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2024-10-04
📄
mortgage-satisfy-charge-full
mortgage · MR04
2024-10-04
🔓
Charge satisfied #1
2024-09-19
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2023-09-18
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2022-09-29
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2022-09-01
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2021-11-25
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2020-11-30
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2019-10-07
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2019-09-02
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2018-12-03
📄
mortgage-satisfy-charge-full
mortgage · MR04
2018-12-03
🔓
Charge satisfied #3
2018-10-31
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2018-06-16
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2017-10-27
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2017-10-06
📄
legacy
miscellaneous · RP04CS01
2016-11-29
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2012-07-23
➖
ASHBY, David resigned
director
2010-11-24
🔒
Charge registered #3
Lender: West of Scotland Loan Fund
2010-10-04
🔒
Charge registered #1
Lender: Royal Bank of Scotland PLC
2010-06-15
➕
KERR, Leighann appointed
secretary
2010-06-15
➖
ASHBY, Irene Elizabeth resigned
secretary
2009-08-07
➕
KERR, David Samuel appointed
director
2008-10-24
🏢
Company incorporated
As KARIS TECHNICAL SERVICES LTD.
2008-10-24
➕
ASHBY, Irene Elizabeth appointed
secretary
2008-10-24
➕
BRIAN REID LTD. appointed
corporate-secretary
2008-10-24
➖
BRIAN REID LTD. resigned
corporate-secretary
2008-10-24
➕
ASHBY, David appointed
director
2008-10-24
➕
MABBOTT, Stephen George appointed
director
2008-10-24
➖
MABBOTT, Stephen George resigned
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 62 — 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 62. 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

Name	Shares	Voting rights	Nature of control	Notified
Mr David Samuel Kerr Individual · British · DOB 05/1964 · age 62	50–75%	50–75%	board controlsig. influence50-75% shares · 50-75% voting · board control · significant influence	06/04/2016

1 historic (ceased) PSC

Mrs Irene Elizabeth Ashbyceased 28/02/2018· 25-50% shares · 25-50% voting · significant influence

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

Active · Energy & utilities · ML postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
MONAN WIND COMPANY LIMITED→ SC453209 · est 2013	£75.8k £54.6k–£97.1k	—	—	300	12y	79	56y
BRAIDENHILL FARM WIND LIMITED→ SC313706 · est 2006	—	—	—	200	19y	83	59y
STRATH-AIR LIMITED→ SC086972 · est 1984	—	—	£192.8k	—	42y	82	67y
SUBCOOL (AIR CONDITIONING) LIMITED→ SC233229 · est 2002	—	—	£768.6k	—	23y	82	59y
UNIVERSAL ENERGY (SCOTLAND) LIMITED→ SC363027 · est 2009	—	—	£407.3k	—	16y	82	67y
RICHARDSON OILS UNLIMITED→ SC238121 · est 2002 · no financials extracted	—	—	—	—	23y	81	61y
AQUA PROJECTS LIMITED→ SC234073 · est 2002	—	—	£27.5k	—	23y	80	65y
AUCHNOTROCH WIND ENERGY LTD.→ SC430889 · est 2012	—	—	£961.9k	—	13y	80	62y
AUTORECYCLING LIMITED→ SC360646 · est 2009	—	—	£79.5k	—	17y	80	63y
BARR ENVIRONMENTAL LIMITED→ SC162876 · est 1996 · no financials extracted	—	—	—	—	30y	80	65y
DIRECT COOLING & HEATING SERVICES LTD.→ SC176081 · est 1997	—	—	—	—	29y	80	60y
ENVIROSAN LIMITED→ SC179932 · est 1997	—	—	£553.4k	—	28y	80	62y

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

Incorporated2008-10-24

Jurisdictionscotland

Primary SIC36000 — SIC 36000

Registered office

1. 12 Dalziel Building 7 Scott Street

Motherwell

ML1 1PN

Scotland

Filing status

Accounts

Next due: 2026-11-30

Last made up to: 2025-02-28

Confirmation statement

Next due: 2026-09-15

Last: 2025-09-01

Officers (2 active · 4 resigned)

KERR, Leighann→

secretary · appointed 2010-06-15

View their other companies + combined net worth →

Active

KERR, David Samuel→

director · ~62y · appointed 2009-08-07

View their other companies + combined net worth →

Active

ASHBY, Irene Elizabeth→

secretary · appointed 2008-10-24 · resigned 2010-06-15

Resigned

BRIAN REID LTD.→

corporate-secretary · appointed 2008-10-24 · resigned 2008-10-24

Resigned

ASHBY, David→

director · ~73y · appointed 2008-10-24 · resigned 2012-07-23

Resigned

MABBOTT, Stephen George→

director · ~76y · appointed 2008-10-24 · resigned 2008-10-24

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:2 of 2 shown

			Type	Properties
	satisfied	West of Scotland Loan Fund	Bond & floating charge	1 property	24/11/2010	03/12/2018
	satisfied	Lloyds Banking Group Royal Bank of Scotland PLC	Floating charge	1 property	04/10/2010	04/10/2024

Recent filings (61 total)

accounts-with-accounts-type-micro-entity

accounts · AA

2025-09-26

confirmation-statement-with-no-updates

confirmation-statement · CS01

2025-09-03

mortgage-satisfy-charge-full

mortgage · MR04

2024-10-04

accounts-with-accounts-type-micro-entity

accounts · AA

2024-09-19

confirmation-statement-with-no-updates

confirmation-statement · CS01

2024-09-02

accounts-with-accounts-type-micro-entity

accounts · AA

2023-09-18

confirmation-statement-with-no-updates

confirmation-statement · CS01

2023-09-06

accounts-with-accounts-type-micro-entity

accounts · AA

2022-09-29

confirmation-statement-with-no-updates

confirmation-statement · CS01

2022-09-01

change-registered-office-address-company-with-date-old-address-new-address

address · AD01

2022-09-01

accounts-with-accounts-type-micro-entity

accounts · AA

2021-11-25

confirmation-statement-with-no-updates

confirmation-statement · CS01

2021-09-02

accounts-with-accounts-type-micro-entity

accounts · AA

2020-11-30

confirmation-statement-with-no-updates

confirmation-statement · CS01

2020-09-14

accounts-with-accounts-type-micro-entity

accounts · AA

2019-10-07