FERRIE HEATING SERVICES LIMITED

💤Zombieactive

SC356337 · ltd · incorporated 2009-03-10

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

£31.1k

book net assets

Opportunity

82/100

Exceptional

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What this business does

Primary activity: Plumbing, heat and air-conditioning installation

Sector: Construction

ALSO REGISTERED FOR

82990Other business support service activities n.e.c.

Investor take

Pursue

Active trading company with a 60-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 80/100. Strong seller-intent signal (70/100, director aged 60). 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: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

1 live charge · oldest 16.8y

45/100

under pressure

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

· Oldest live charge is 16.8 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, 2 SIC codes, incorporation date

100

Financials

2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed

Lenders & charges

1 charges (1/1 with lender, 1/1 with type)

Directors & officers

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

Ownership & PSC

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

Director network

Network not yet resolved

Filing history

46 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 · accounting standard not declared

Positive net assets

Net assets £31,092

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

£31k

↑ 3924% YoY

Current Assets

£60k

↑ 12% YoY

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
Total assets	£25.6k	£427
Current assets	£59.7k	£53.2k
Net assets	£31.1k	£-813

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

Recent activity

Last 30 days

filings

Last 90 days

filing

• 1 accounts

Last 180 days

filing

• 1 accounts

Counts from Companies House filing history.

Corporate timeline (22 events)Click to expand

2026-03-03
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2024-12-27
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2023-12-20
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2023-03-24
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2021-12-31
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2020-12-30
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2019-12-05
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2018-12-08
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2018-11-15
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2017-12-11
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2017-07-18
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2016-12-16
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2016-06-28
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2016-03-10
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2016-02-18
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2015-07-17
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2009-07-01
🔒
Charge registered #1
Lender: Royal Bank of Scotland PLC
2009-03-10
🏢
Company incorporated
As FERRIE HEATING SERVICES LIMITED
2009-03-10
➕
FERRIE, Susan Lynn appointed
secretary
2009-03-10
➕
FERRIE, Angus David appointed
director
2009-03-10
➕
ROUND, Jonathon Charles appointed
director
2009-03-10
➖
ROUND, Jonathon Charles resigned
director

Owner dependency

100/100

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.
+Founder name in company name: Company name contains director surname "FERRIE" — strong identity link between founder and business.
+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 17 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 Angus David Ferrie Individual · British · DOB 03/1966 · age 60	—	—	sig. influencesignificant influence	06/04/2016

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

Similar companies

Active · Construction · DG postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
DAVID HARDIE ENGINEERING LTD.→ SC162759 · est 1996	£1.92M £1.37M–£2.46M	—	—	68	30y	87	66y
ACON LIMITED→ SC277386 · est 2004	—	—	£29.0k	—	21y	83	62y
ICM DEVELOPMENTS LIMITED→ SC332169 · est 2007	—	—	£515.5k	—	18y	83	68y
NITH VALLEY CONSTRUCTION LIMITED→ SC239606 · est 2002	—	—	—	10	23y	83	64y
A & H FLOOR COVERING SPECIALISTS LIMITED→ SC229101 · est 2002	—	—	—	500	24y	82	73y
A.I. TONNAR LIMITED→ SC221253 · est 2001	—	—	£264.5k	—	24y	82	68y
BELL ELECTRICAL GROUP LIMITED→ SC150935 · est 1994	—	—	£990.5k	—	31y	82	79y
BORDER HOMES LTD→ SC388242 · est 2010	—	—	—	1400	15y	82	69y
BUILDING CRAFTSMEN (YEOVIL) LIMITED→ SC104994 · est 1987	—	—	£2.32M	—	38y	82	68y
DONALD C. MCROBERT & SON LIMITED→ SC271631 · est 2004	—	—	£107.3k	—	21y	82	79y
ENERGY CENTRE SCOTLAND LIMITED→ SC395458 · est 2011	—	—	£200.6k	—	15y	82	66y
GALLOWAY PLANT HIRE LIMITED→ SC151067 · est 1994	—	—	—	300	31y	82	63y

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.

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Company details

Statusactive

Typeltd

Incorporated2009-03-10

Jurisdictionscotland

Primary SIC43220 — Plumbing, heat and air-conditioning installation

Registered office

6 Riverside Park

Canonbie

Dumfriesshire

DG14 0UY

Scotland

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-31

Confirmation statement

Next due: 2026-06-27

Last: 2025-06-13

Officers (2 active · 1 resigned)

FERRIE, Susan Lynn→

secretary · appointed 2009-03-10

View their other companies + combined net worth →

Active

FERRIE, Angus David→

director · ~60y · appointed 2009-03-10

View their other companies + combined net worth →

Active

ROUND, Jonathon Charles→

director · ~67y · appointed 2009-03-10 · resigned 2009-03-10

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:1 of 1 shown

			Type	Properties
	outstanding	Lloyds Banking Group Royal Bank of Scotland PLC	Floating charge	1 property	01/07/2009	—

Click column headers to sort. Use filters above to narrow by status and lender.