V-TES LIMITED
🌳Matureactive
SC433495 · ltd · incorporated 2012-09-27
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
£-194.4k
book net assets
Opportunity
71/100
Strong
What this business does
Primary activity: SIC 33140
Sector: Manufacturing
Investor take
Pass (distressed without resilience)Distressed active trading company — structural issues outweigh the discount.
Opportunity 71/100 (strong), bankability 67/100. 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: distressed disposal / insolvency (65/100).
🏦
Refinance opportunity
3 live charges · 3 lenders · oldest 7.3y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 7.3 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Legal-friction score 33/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (75/100)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
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
8 officers (2 active, 8 linked, 6 with DOB)
85
Ownership & PSC
3 active PSC(s) of 6 total, 6 with control declared
90
Director network
12 connected companies via shared directors
81
Filing history
75 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
71/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
50
Some acquirability indicators.
Risk profile
74
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 102Negative net assets
Liabilities exceed assets by £194,443
Key financials
1 year extracted from filed iXBRL accountsCash
£68k
Net Worth
-£194k
Current Assets
£271k
Current Liabilities
—
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2024-12-31 |
|---|---|
| Total assets | £-183.6k |
| Current assets | £270.9k |
| Cash | £67.9k |
| Debtors | £202.9k |
| Net assets | £-194.4k |
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
4
filings
- • 2 persons-with-significant-control
- • 1 accounts
- • 1 address
Counts from Companies House filing history.
Corporate timeline (43 events)Click to expand
- 2026-02-05📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-12-04📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2025-12-04📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2025-12-04📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2025-09-15📄change-account-reference-date-company-previous-shortenedaccounts · AA01
- 2024-12-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-07-26➕GIBB, Douglas Andrew appointeddirector
- 2024-07-26📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-05-21📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2024-05-21📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2024-05-17📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-05-17📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-05-17📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2024-05-17📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-05-17📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-05-17📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-05-16➕FERGUSON, Jordan Nathan appointeddirector
- 2024-05-16➖BURNETT & REID LLP resignedcorporate-secretary
- 2024-05-16➖MCNAY, Graeme William resigneddirector
- 2024-05-16➖SPEIRS, Graeme Kenneth, Dr resigneddirector
- 2024-05-16🔒Charge registered #3Lender: Valour Energy Group Limited
- 2024-05-14📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-05-14📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-05-14🔓Charge satisfied #2
- 2024-05-14🔓Charge satisfied #1
- 2024-05-10📄second-filing-of-confirmation-statement-with-made-up-dateconfirmation-statement · RP04CS01
- 2024-05-10📄second-filing-of-confirmation-statement-with-made-up-dateconfirmation-statement · RP04CS01
- 2024-05-10📄second-filing-of-confirmation-statement-with-made-up-dateconfirmation-statement · RP04CS01
- 2024-05-07📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC05
- 2024-05-07📄change-corporate-secretary-company-with-change-dateofficers · CH04
- 2024-05-07📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2021-11-11🔒Charge registered #2Lender: Polymer N4 Limited
- 2019-10-31➖HARPER, Graeme resigneddirector
- 2018-12-28🔒Charge registered #1Lender: Polymer N2 Limited
- 2018-12-20➖HARPER, Lorna resignedsecretary
- 2018-12-20➕BURNETT & REID LLP appointedcorporate-secretary
- 2018-12-20➖HARPER, Lorna resigneddirector
- 2018-12-20➕MCNAY, Graeme William appointeddirector
- 2018-12-20➕SPEIRS, Graeme Kenneth, Dr appointeddirector
- 2017-04-01➕HARPER, Lorna appointeddirector
- 2012-09-27🏢Company incorporatedAs V-TES LIMITED
- 2012-09-27➕HARPER, Lorna appointedsecretary
- 2012-09-27➕HARPER, Graeme appointeddirector
Owner dependency
58/100
Moderate — manageable with handoverSome founder dependency, but not acute. A structured handover period should cover most risk.
FACTORS
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
Succession & seller-readiness
36/100
Weak signalLimited succession signal. Not a near-term off-market candidate.
SIGNALS
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
Red flags
1 med · 1 lowCharge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Multiple registered office changes
lowMultiple address changes in a short period can indicate operational instability or admin disorder.
Group structure
Pier Solutions (International) Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Pier Solutions (International) Ltd
Corporate parent · holds 75-100% shares · board control
⬇
V-TES LIMITED
This company · SC433495
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
3 active beneficial owners · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Pier Solutions (International) Ltd Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 16/05/2024 |
Mr Harold Douglas Ewen Salvesen Individual · British · DOB 09/1981 · age 45 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 25/03/2025 |
Mr Jordan Nathan Ferguson Individual · British · DOB 03/1987 · age 39 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 16/05/2024 |
3 historic (ceased) PSCs
- Valor Energy Group Limitedceased 16/05/2024· 75-100% shares
- Mr Graeme Harperceased 28/05/2020· 25-50% shares · 25-50% voting · board control
- Mrs Lorna Harperceased 20/12/2018· 25-50% shares · 25-50% voting · board control
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 · Manufacturing · AB postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| VIKING SUPPLY SHIPS LIMITED→ SC202464 · est 1999 · no financials extracted | — | — | — | — | 26y | — | — |
| VINREG ACCESS LTD→ SC742888 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| VORTUS INTERNATIONAL LTD→ SC834476 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| VYSUS (GB) LIMITED→ SC125513 · est 1990 · no financials extracted | — | — | — | — | 35y | — | — |
| W J BROWN MECHANICAL SERVICES LIMITED→ SC133395 · est 1991 · no financials extracted | — | — | — | — | 34y | — | — |
| WADJES LIMITED→ SC702028 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| WALKER COMPLETIONS SERVICES LIMITED→ SC220794 · est 2001 · no financials extracted | — | — | — | — | 24y | — | — |
| WAVEBEAM LIMITED→ SC575003 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| WCS SCOTLAND LIMITED→ SC447768 · est 2013 · no financials extracted | — | — | — | — | 13y | — | — |
| WELL ENGINEERING CONSULTANCY LTD.→ SC196296 · est 1999 · no financials extracted | — | — | — | — | 26y | — | — |
| WELL SYSTEMS TECHNOLOGY LTD→ SC411984 · est 2011 · no financials extracted | — | — | — | — | 14y | — | — |
| WELLDECOMMISSIONED UK LIMITED→ SC687739 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
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
Incorporated2012-09-27
Jurisdictionscotland
Primary SIC33140 — SIC 33140
Registered office
Unit 16 Kirkwood Commercial Park
Inverurie
Aberdeenshire
AB51 5NR
Scotland
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-05-23
Last: 2025-05-09
Officers (2 active · 6 resigned)
FERGUSON, Jordan Nathan→
Activedirector · ~39y · appointed 2024-05-16
View their other companies + combined net worth →
GIBB, Douglas Andrew→
Activedirector · ~37y · appointed 2024-07-26
View their other companies + combined net worth →
HARPER, Lorna→
Resignedsecretary · appointed 2012-09-27 · resigned 2018-12-20
BURNETT & REID LLP→
Resignedcorporate-secretary · appointed 2018-12-20 · resigned 2024-05-16
HARPER, Graeme→
Resigneddirector · ~46y · appointed 2012-09-27 · resigned 2019-10-31
HARPER, Lorna→
Resigneddirector · ~46y · appointed 2017-04-01 · resigned 2018-12-20
MCNAY, Graeme William→
Resigneddirector · ~48y · appointed 2018-12-20 · resigned 2024-05-16
SPEIRS, Graeme Kenneth, Dr→
Resigneddirector · ~77y · appointed 2018-12-20 · resigned 2024-05-16
Click a director name to see their full track record across all companies.
Mortgages & charges
3
Total charges
1
Outstanding
1
Active lenders
Status:Lender:3 of 3 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Valour Energy Group Valour Energy Group Limited | A registered charge | — | 16/05/2024 | — | |
| satisfied | Polymer N4 Polymer N4 Limited | A registered charge | — | 11/11/2021 | 14/05/2024 | |
| satisfied | Polymer N2 Polymer N2 Limited | A registered charge | — | 28/12/2018 | 14/05/2024 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (75 total)
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-02-05
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2025-12-04
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2025-12-04
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-12-04
change-account-reference-date-company-previous-shortened
accounts · AA01
2025-09-15
confirmation-statement-with-updates
confirmation-statement · CS01
2025-07-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-30
appoint-person-director-company-with-name-date
officers · AP01
2024-07-26
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-05-21
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2024-05-21
termination-director-company-with-name-termination-date
officers · TM01
2024-05-17
termination-director-company-with-name-termination-date
officers · TM01
2024-05-17
termination-secretary-company-with-name-termination-date
officers · TM02
2024-05-17
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-05-17
appoint-person-director-company-with-name-date
officers · AP01
2024-05-17