RIGQUIP LTD
Opportunity 75/100 (strong), bankability 67/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (58/100).
Refinance opportunity
3 live charges · 3 lenders · oldest 11.0y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 11.0 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: high (80/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.
Available from the Pro tier upwards.
See pricing →Solid opportunity signal. Worth a dedicated memo and management meeting.
Signals from accounts
Derived from iXBRL accounts · FRS 102Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Total assets | £3.48M | — |
| Current assets | £231.4k | — |
| Debtors | £231.4k | — |
| Net assets | £3.48M | £3.48M |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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
- • 1 accounts
Corporate timeline (32 events)Click to expand
- 2025-12-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-09-25📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-09-23➖FRASER, Craig Kelly resigneddirector
- 2025-03-13📄change-person-director-company-with-change-dateofficers · CH01
- 2024-09-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-05-15📄change-person-director-company-with-change-dateofficers · CH01
- 2023-09-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-05-18📄change-person-director-company-with-change-dateofficers · CH01
- 2023-05-18📄change-person-director-company-with-change-dateofficers · CH01
- 2023-04-12📄change-person-director-company-with-change-dateofficers · CH01
- 2023-04-12📄change-person-director-company-with-change-dateofficers · CH01
- 2023-04-12📄change-person-director-company-with-change-dateofficers · CH01
- 2023-04-12📄change-person-director-company-with-change-dateofficers · CH01
- 2022-09-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-12-11📄gazette-filings-brought-up-to-dategazette · DISS40
- 2021-12-10📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-11-30📄gazette-notice-compulsorygazette · GAZ1
- 2020-10-07📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-02-27📄mortgage-alter-floating-charge-with-numbermortgage · 466(Scot)
- 2020-02-24📄mortgage-alter-floating-charge-with-numbermortgage · 466(Scot)
- 2020-02-12🔒Charge registered #3Lender: Scottish Enterprise
- 2015-11-10🔓Charge satisfied #2
- 2015-04-28➕LC SECRETARIES LIMITED appointedcorporate-secretary
- 2015-04-28➕FRASER, Matthew Spence appointeddirector
- 2015-04-28➖ROBERTSON, Mark William resigneddirector
- 2015-04-28🔒Charge registered #2Lender: Mark Robertson
- 2015-04-28🔒Charge registered #1Lender: Bank of Scotland PLC
- 2015-01-07➖LC SECRETARIES LIMITED resignedcorporate-secretary
- 2011-09-09➕LC SECRETARIES LIMITED appointedcorporate-secretary
- 2011-05-20🏢Company incorporatedAs RIGQUIP LTD
- 2011-05-20➕FRASER, Craig Kelly appointeddirector
- 2011-05-20➕ROBERTSON, Mark William appointeddirector
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +Sole director: Only one active director — all governance concentrated on one person.
Succession & seller-readiness
Some succession indicators present. Worth watching; approach if sector/strategy fits.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
cleanGroup structure
Rigquip Holdings Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Rigquip Holdings Limited Corporate entity | 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.
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 · Holding company · AB postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| ROWETT RESEARCH INSTITUTE (THE)→ SC037444 · est 1962 · no financials extracted | — | — | — | — | 64y | — | — |
| RUBY HOLDINGS (ABERDEEN) LIMITED→ SC747054 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| SANDWOOD HOLDINGS LTD→ SC686069 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| SAVANT FINANCIAL (HOLDINGS) LIMITED→ SC780809 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| SCOTT’S RIGGING & LIFTING LTD→ SC745459 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| SEAFORTH MARITIME LIMITED→ SC217222 · est 2001 · no financials extracted | — | — | — | — | 25y | — | — |
| SEAGATE FABRICATION HOLDINGS LTD→ SC873277 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| SHELL TRUSTEE SOLUTIONS LIMITED→ SC053009 · est 1973 · no financials extracted | — | — | — | — | 52y | — | — |
| SIRIUS FISHING COMPANY LTD→ SC854542 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| STEADVALE TURBOCHARGERS (ABERDEEN) LIMITED→ SC074475 · est 1981 · no financials extracted | — | — | — | — | 45y | — | — |
| STOREGGA ACORN HOLDINGS LIMITED→ SC453338 · est 2013 · no financials extracted | — | — | — | — | 12y | — | — |
| STRONVAR AEROSPACE UK LIMITED→ SC838488 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
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 →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
Registered office
Filing status
Officers (2 active · 3 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Scottish Enterprise | A registered charge | — | 12/02/2020 | — | |
| satisfied | Mark Robertson | A registered charge | — | 28/04/2015 | 10/11/2015 | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC | A registered charge | — | 28/04/2015 | — |