ROTECH SUBSEA LIMITED
- · Oldest live charge 9.9y old — refinance window within 12 months
Opportunity 79/100 (strong), bankability 75/100. Share purchase looks the cleaner deal structure. Most likely exit: strategic trade sale (78/100).
Refinance opportunity
3 live charges · 2 lenders · oldest 9.9y
Refinance conversation should be productive — structure clean and timing right.
- · Oldest live charge is 9.9 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Legal-friction score 15/100 — clean.
- · Profitable and stable/growing — lender coverage supportable.
Data confidence
Overall: high (82/100)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 |
|---|---|---|
| Turnover | £17.20M | — |
| Gross profit | £3.29M | — |
| Operating profit | £1.42M | — |
| Profit before tax | £1.41M | — |
| Average employees | 4800 | 3800 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
2 signals 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 (36 events)Click to expand
- 2025-12-29📄accounts-with-accounts-type-fullaccounts · AA
- 2024-09-30📄accounts-with-accounts-type-smallaccounts · AA
- 2024-09-05📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-09-01➕STEWART, Kenneth Masson appointeddirector
- 2024-03-28📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-03-15➕CARGILL, Kevin appointeddirector
- 2023-09-29📄accounts-with-accounts-type-smallaccounts · AA
- 2023-02-24📄change-account-reference-date-company-previous-extendedaccounts · AA01
- 2022-06-16📄accounts-with-accounts-type-smallaccounts · AA
- 2021-06-29📄accounts-with-accounts-type-smallaccounts · AA
- 2021-05-29📄mortgage-alter-floating-charge-with-numbermortgage · 466(Scot)
- 2021-05-29📄mortgage-alter-floating-charge-with-numbermortgage · 466(Scot)
- 2021-05-29📄mortgage-alter-floating-charge-with-numbermortgage · 466(Scot)
- 2021-05-26📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2021-05-25🔒Charge registered #3Lender: Bank of Scotland PLC
- 2020-03-27📄accounts-with-accounts-type-smallaccounts · AA
- 2019-05-27📄change-person-director-company-with-change-dateofficers · CH01
- 2019-03-27📄accounts-with-accounts-type-smallaccounts · AA
- 2018-08-08📄change-person-director-company-with-change-dateofficers · CH01
- 2018-07-26📄termination-director-company-with-name-termination-dateofficers · TM01
- 2018-07-20➖AITKEN, Steven George resigneddirector
- 2016-09-08➕STRONACHS SECRETARIES LIMITED appointedcorporate-secretary
- 2016-09-08➖BELL, George Somerville resignedsecretary
- 2016-09-08➖BELL, George Somerville resigneddirector
- 2016-09-08➖STEWART, Kenneth Roderick resigneddirector
- 2016-06-24➕GRAHAM, Martin Henry appointeddirector
- 2016-06-24➕HILL, Michael Colin appointeddirector
- 2016-06-24➕STEWART, Donald appointeddirector
- 2016-06-24➕AITKEN, Steven George appointeddirector
- 2016-06-24🔒Charge registered #2Lender: Kenneth Roderick Stewart (As Security Trustee)
- 2016-06-24🔒Charge registered #1Lender: Kenneth Roderick Stewart (As Security Trustee)
- 2015-09-01➕COCHRANE, Stephen appointeddirector
- 2013-05-30🏢Company incorporatedAs ROTECH SUBSEA LIMITED
- 2013-05-30➕BELL, George Somerville appointedsecretary
- 2013-05-30➕BELL, George Somerville appointeddirector
- 2013-05-30➕STEWART, Kenneth Roderick appointeddirector
Owner dependency
Some founder dependency, but not acute. A structured handover period should cover most risk.
- -6 active directors: Broader management team in place — suggests transferable governance.
- +Senior director age: Director aged approximately 58 — approaching natural succession window.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
Some succession indicators present. Worth watching; approach if sector/strategy fits.
- secondaryFounder aged 58+: Senior director is approximately 58. Early succession window.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
cleanGroup structure
Rotech 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 |
|---|---|---|---|---|
Rotech Holdings Limited Corporate entity | 75–100% | 75–100% | 75-100% shares · 75-100% voting | 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.
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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 (7 active · 4 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group Bank of Scotland PLC | A registered charge | — | 25/05/2021 | — | |
| outstanding | Kenneth Roderick Stewart (As Security Trustee) | A registered charge | — | 24/06/2016 | — | |
| outstanding | Kenneth Roderick Stewart (As Security Trustee) | A registered charge | — | 24/06/2016 | — |