DRILLDEEP LIMITED

🌳Matureactive
SC403429 · ltd · incorporated 2011-07-13
Investment thesis
Well-run mature business — low negotiation leverage; premium likely.
Why interesting: Textbook target; clean filings, stable trading.
Why risky: No pressure on seller; any deal likely at full price.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 10.2y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£1.17M
book net assets
Opportunity
80/100
Exceptional
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What this business does
Primary activity: Other service activities n.e.c.
Sector: Other service activities
Investor take
Pursue
Strong opportunity: active trading company with exceptional profile and bankable structure.

Opportunity 80/100 (exceptional), bankability 80/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

2 live charges · oldest 10.2y

85/100
ready

Refinance conversation should be productive — structure clean and timing right.

  • · Oldest live charge is 10.2 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 15/100 — clean.

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
75
Lenders & charges
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
3 officers (3 active, 3 linked, 2 with DOB)
83
Ownership & PSC
2 active PSC(s) of 4 total, 4 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
39 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
80/100Exceptional
PassWatchWorth a lookStrongExceptional 

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
85
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 £1,171,951

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£1.2m
↑ 1.9% YoY
Current Assets
£823k
↓ 2.5% YoY
Current Liabilities
—
£0£234k£469k£703k£938k£1.2mMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2025-03-312024-03-31
Total assets£1.33M£1.33M
Current assets£822.7k£843.6k
Net assets£1.17M£1.15M

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
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (22 events)Click to expand
  1. 2025-12-11
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-07-26
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2023-12-11
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2022-10-07
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2021-08-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2021-02-16
    📄
    accounts-amended-with-accounts-type-micro-entity
    accounts · AAMD
  7. 2021-02-04
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2020-10-30
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  9. 2020-10-26
    🔒
    Charge registered #2
    Lender: The Royal Bank of Scotland PLC
  10. 2019-10-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2018-11-14
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2018-07-16
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  13. 2018-07-16
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  14. 2018-07-13
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  15. 2018-07-13
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  16. 2017-10-26
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  17. 2017-07-13
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  18. 2016-02-26
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  19. 2011-07-13
    🏢
    Company incorporated
    As DRILLDEEP LIMITED
  20. 2011-07-13
    ➕
    GOODLAD, Dawn Mary Margaret appointed
    secretary
  21. 2011-07-13
    ➕
    GOODLAD, Dawn Mary Margaret appointed
    director
  22. 2011-07-13
    ➕
    GOODLAD, Jeremy Mackay appointed
    director

Owner dependency

74/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Senior director age: Director aged approximately 63 — approaching natural succession window.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

69/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 63. Approaching typical UK retirement age — succession thinking likely.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondary12+ year tenure: Director in role 15 years.
  • 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

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Jeremy Mackay Goodlad
Individual · British · DOB 07/1971 · age 55
50–75%
50–75%board control50-75% shares · 50-75% voting · board control06/04/2016
Mrs Dawn Mary Margaret Goodlad
Individual · British · DOB 09/1963 · age 63
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016
2 historic (ceased) PSCs
  • Mrs Dawn Mary Margaret Goodladceased 06/04/2016· 25-50% shares · 25-50% voting
  • Mr Jeremy Mackay Goodladceased 06/04/2016· 25-50% shares · 25-50% voting

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 →

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

6 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
Incorporated2011-07-13
Jurisdictionscotland
Primary SIC96090 — Other service activities n.e.c.

Registered office

4 Hillhead
Lerwick
Shetland
ZE1 0EJ

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-07-27
Last: 2025-07-13

Officers (3 active · 0 resigned)

GOODLAD, Dawn Mary Margaret→
secretary · appointed 2011-07-13
View their other companies + combined net worth →
Active
GOODLAD, Dawn Mary Margaret→
director · ~63y · appointed 2011-07-13
View their other companies + combined net worth →
Active
GOODLAD, Jeremy Mackay→
director · ~55y · appointed 2011-07-13
View their other companies + combined net worth →
Active

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

Mortgages & charges

2
Total charges
2
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge1 property26/10/2020—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge—26/02/2016—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (39 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2025-12-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-17
accounts-with-accounts-type-micro-entity
accounts · AA
2024-07-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-15
accounts-with-accounts-type-micro-entity
accounts · AA
2023-12-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-07-18
accounts-with-accounts-type-micro-entity
accounts · AA
2022-10-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-07-13
accounts-with-accounts-type-micro-entity
accounts · AA
2021-08-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-07-13
accounts-amended-with-accounts-type-micro-entity
accounts · AAMD
2021-02-16
accounts-with-accounts-type-micro-entity
accounts · AA
2021-02-04
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2020-10-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-07-13
accounts-with-accounts-type-micro-entity
accounts · AA
2019-10-28