REID PIPELINE CONSTRUCTION LIMITED

💤Zombieactive
SC384187 · ltd · incorporated 2010-08-24
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 Dec 2024
Net worth
£285.2k
book net assets
Opportunity
77/100
Strong
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What this business does
Primary activity: Other specialised construction activities n.e.c.
Sector: Construction
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 77/100 (strong), bankability 85/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -31% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

1 live charge · oldest 11.3y

45/100
under pressure

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

  • · Oldest live charge is 11.3 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: high (81/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

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
1 officers (1 active, 1 linked, 1 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
5 connected companies via shared directors
60
Filing history
36 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 declared
Positive net assets
Net assets £285,232
Net assets shrinking
Down £63,698 YoY
Cash YoY
-31%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£175k
↓ 31% YoY
Net Worth
£285k
↓ 18% YoY
Current Assets
£195k
↓ 29% YoY
Current Liabilities
—
£0£70k£140k£209k£279k£349kDec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-12-312023-12-31
Total assets£309.8k£378.0k
Current assets£194.9k£275.1k
Cash£174.9k£251.7k
Debtors£1.5k£4.9k
Net assets£285.2k£348.9k

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
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (19 events)Click to expand
  1. 2025-09-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-09-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-09-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-02-22
    📄
    capital-allotment-shares
    capital · SH01
  5. 2022-09-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2021-12-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2020-10-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2019-09-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2018-06-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2017-05-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2016-05-27
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  12. 2016-05-27
    📄
    change-account-reference-date-company-previous-extended
    accounts · AA01
  13. 2015-09-23
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  14. 2015-08-21
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  15. 2015-08-21
    🔓
    Charge satisfied #1
  16. 2015-05-30
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  17. 2015-01-30
    🔒
    Charge registered #1
    Lender: Bibby Factors Limited
  18. 2010-08-24
    🏢
    Company incorporated
    As REID PIPELINE CONSTRUCTION LIMITED
  19. 2010-08-24
    ➕
    REID, Gordon Michael appointed
    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 "REID" — strong identity link between founder and business.
  • +Long-tenure founder: Senior director has been in place 16 years — deep operational knowledge concentrated in one person.
  • +No director turnover: Company is 16 years old with no director changes — suggests a very tight-knit founder team never broadened.

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 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

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%
NameSharesVoting rightsNature of controlNotified
Mr Gordon Michael Reid
Individual · British · DOB 02/1980 · age 46
75–100%
75–100%75-100% shares · 75-100% voting06/04/2016

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 · Construction · DG postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
DAVID HARDIE ENGINEERING LTD.→
SC162759 · est 1996
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£1.37M–£2.46M
——6830y8766y
ACON LIMITED→
SC277386 · est 2004
——£29.0k—21y8362y
ICM DEVELOPMENTS LIMITED→
SC332169 · est 2007
——£515.5k—18y8368y
NITH VALLEY CONSTRUCTION LIMITED→
SC239606 · est 2002
———1023y8364y
A & H FLOOR COVERING SPECIALISTS LIMITED→
SC229101 · est 2002
———50024y8273y
A.I. TONNAR LIMITED→
SC221253 · est 2001
——£264.5k—24y8268y
BELL ELECTRICAL GROUP LIMITED→
SC150935 · est 1994
——£990.5k—31y8279y
BORDER HOMES LTD→
SC388242 · est 2010
———140015y8269y
BUILDING CRAFTSMEN (YEOVIL) LIMITED→
SC104994 · est 1987
——£2.32M—38y8268y
DONALD C. MCROBERT & SON LIMITED→
SC271631 · est 2004
——£107.3k—21y8279y
ENERGY CENTRE SCOTLAND LIMITED→
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FERRIE HEATING SERVICES LIMITED→
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——£31.1k—17y8260y
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
Incorporated2010-08-24
Jurisdictionscotland
Primary SIC43999 — Other specialised construction activities n.e.c.

Registered office

Farries, Kirk & Mcvean Dumfries Enterprise Park
Heathhall
Dumfries
Dumfries & Galloway
DG1 3SJ

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-09-07
Last: 2025-08-24

Officers (1 active · 0 resigned)

REID, Gordon Michael→
director · ~46y · appointed 2010-08-24
View their other companies + combined net worth →
Active

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

Mortgages & charges

1
Total charges
0
Outstanding
0
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
satisfied
Bibby Financial Services
Bibby Factors Limited
A registered charge—30/01/201521/08/2015

Recent filings (36 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-08-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-28
confirmation-statement-with-updates
confirmation-statement · CS01
2023-09-05
capital-allotment-shares
capital · SH01
2023-02-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-09-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-08-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-09-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-10-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-08-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-09-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-09-04