ICD CONTRACTING LTD
💤Zombieactive
SC379041 · ltd · incorporated 2010-05-24
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.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to May 2025
Net worth
£-3.9k
book net assets
Opportunity
77/100
Strong
What this business does
Primary activity: SIC 02200
Sector: Agriculture, forestry & fishing
Investor take
Pass (distressed without resilience)Distressed active trading company — structural issues outweigh the discount.
Opportunity 77/100 (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: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: distressed disposal / insolvency (65/100).
🏦
Refinance opportunity
1 live charge · oldest 2.7y
10/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Newest facility, 2.7 years old — likely still in initial term.
- · Single lender — cleanest path to refinance.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (78/100)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
2 officers (1 active, 2 linked, 2 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
45 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
77/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
60
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 £3,902
Cash YoY
-25%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£41k
↓ 25% YoY
Net Worth
-£4k
↑ 88% YoY
Current Assets
£175k
↓ 4.5% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-05-31 | 2024-05-31 |
|---|---|---|
| Total assets | £406.8k | £174.3k |
| Current assets | £175.1k | £183.4k |
| Cash | £40.9k | £54.7k |
| Debtors | £77.5k | £79.3k |
| Net assets | £-3.9k | £-32.5k |
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
0
filings
Last 90 days
1
filing
- • 1 accounts
Last 180 days
1
filing
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (23 events)Click to expand
- 2026-02-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-02-11📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-12-05📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-12-03➖MCFARLANE, Blair Gregor resigneddirector
- 2024-04-03📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-08-29📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-08-28🔒Charge registered #1Lender: Clydesdale Bank PLC (Trading as Virgin Money) (Company Number SC001111)
- 2023-08-23📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-08-22➕MCFARLANE, Blair Gregor appointeddirector
- 2023-06-01📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2023-05-17📄change-person-director-company-with-change-dateofficers · CH01
- 2023-05-17📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2022-12-13📄accounts-amended-with-accounts-type-total-exemption-fullaccounts · AAMD
- 2022-12-06📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-05-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-05-11📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2021-08-10📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-05-25📄change-account-reference-date-company-previous-shortenedaccounts · AA01
- 2021-02-17📄resolutionresolution · RESOLUTIONS
- 2020-05-19📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-02-25📄change-account-reference-date-company-previous-shortenedaccounts · AA01
- 2010-05-24🏢Company incorporatedAs ICD CONTRACTING LTD
- 2010-05-24➕DUNCAN, Iain appointeddirector
Owner dependency
85/100
Critical — business is the founderThe 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 16 years — deep operational knowledge concentrated in one person.
Succession & seller-readiness
68/100
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.
- secondary12+ year tenure: Director in role 16 years.
- secondaryStable-but-static management: Company is 16 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
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 Iain Duncan Individual · British · DOB 10/1988 · age 38 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 06/04/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Similar companies
Active · Agriculture · PA postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| CREELERS PRIDE FISHING LTD→ SC532588 · est 2016 · no financials extracted | — | — | — | — | 10y | — | — |
| DAVAAR MARINE CONSERVATION INITIATIVE LTD→ SC826569 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| FOXBAR COMMUNITY GARDEN & ENVIRONMENTAL PROJECT GROUP LTD→ SC861586 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| ISLANDER DIRECT SHELLFISH LIMITED→ SC773455 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| ISLAY DEVELOPMENT INITIATIVE LTD→ SC248808 · est 2003 · no financials extracted | — | — | — | — | 22y | — | — |
| J & H RITCHIE LTD.→ SC184889 · est 1998 · no financials extracted | — | — | — | — | 28y | — | — |
| J&C HOEY CROFT LTD→ SC726094 · est 2022 · no financials extracted | — | — | — | — | 4y | — | — |
| JOHN GRAHAM CONTRACTORS LTD→ SC404144 · est 2011 · no financials extracted | — | — | — | — | 14y | — | — |
| KAMES FISH FARMING LIMITED→ SC051158 · est 1972 · no financials extracted | — | — | — | — | 53y | — | — |
| KELP CANAVERAL LIMITED→ SC767756 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| KENNING FISHING LIMITED→ SC335513 · est 2007 · no financials extracted | — | — | — | — | 18y | — | — |
| KILFINAN COMMUNITY FOREST COMPANY→ SC333208 · est 2007 · no financials extracted | — | — | — | — | 18y | — | — |
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
Incorporated2010-05-24
Jurisdictionscotland
Primary SIC02200 — SIC 02200
Registered office
R A Clement Associates
5 Argyll Square
Oban
PA34 4AZ
Scotland
Filing status
Accounts
Next due: 2027-02-27
Last made up to: 2025-05-31
Confirmation statement
Next due: 2026-06-07
Last: 2025-05-24
Officers (1 active · 1 resigned)
DUNCAN, Iain→
Activedirector · ~38y · appointed 2010-05-24
View their other companies + combined net worth →
MCFARLANE, Blair Gregor→
Resigneddirector · ~64y · appointed 2023-08-22 · resigned 2024-12-03
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 | Virgin Money Clydesdale Bank PLC (Trading as Virgin Money) (Company Number SC001111) | A registered charge | — | 28/08/2023 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (45 total)
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-02-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-02-11
termination-director-company-with-name-termination-date
officers · TM01
2024-12-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-04-03
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-08-29
appoint-person-director-company-with-name-date
officers · AP01
2023-08-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-02
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-06-01
change-person-director-company-with-change-date
officers · CH01
2023-05-17
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-05-17
accounts-amended-with-accounts-type-total-exemption-full
accounts · AAMD
2022-12-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-06-01