IC PROJECT MANAGEMENT LIMITED
💤Zombieactive
SC456956 · ltd · incorporated 2013-08-16
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 Aug 2025
Net worth
—
book net assets
Opportunity
78/100
Strong
What this business does
Primary activity: Engineering related scientific and technical consulting activities
Sector: Professional, scientific & technical
Investor take
PursueActive trading company with a 68-year-old founder — textbook succession opportunity.
Opportunity 78/100 (strong), bankability 75/100. Strong seller-intent signal (68/100, director aged 68). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (73/100).
Data confidence
Overall: medium (78/100)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
Confirmed no charges registered
85
Directors & officers
1 officers (1 active, 1 linked, 1 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
33 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
78/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-08-31 | 2024-08-31 |
|---|---|---|
| Average employees | 1 | 100 |
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
3
filings
- • 1 dissolution
- • 1 accounts
- • 1 persons-with-significant-control
Last 90 days
3
filings
- • 1 dissolution
- • 1 accounts
- • 1 persons-with-significant-control
Last 180 days
3
filings
- • 1 dissolution
- • 1 accounts
- • 1 persons-with-significant-control
Counts from Companies House filing history.
Corporate timeline (18 events)Click to expand
- 2026-04-28📄dissolution-application-strike-off-companydissolution · DS01
- 2026-04-16📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2026-04-15📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-02-25📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-04-19📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-05-02📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-09-20📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2022-05-02📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-02-02📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-08-10📄change-person-director-company-with-change-dateofficers · CH01
- 2020-03-25📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-02-07📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2019-01-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2018-03-22📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2017-03-06📄accounts-amended-with-accounts-type-total-exemption-smallaccounts · AAMD
- 2017-01-19📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2013-08-16🏢Company incorporatedAs IC PROJECT MANAGEMENT LIMITED
- 2013-08-16➕CATHRO, Iain appointeddirector
Owner dependency
95/100
Critical — business is the founderThe 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 age: Director aged approximately 68 — succession pressure is live.
- +No director turnover: Company is 13 years old with no director changes — suggests a very tight-knit founder team never broadened.
Succession & seller-readiness
78/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 63+: Senior director is approximately 68. Approaching typical UK retirement age — succession thinking likely.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- secondary12+ year tenure: Director in role 13 years.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
cleanNo 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| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Iain Duncan Cathro Individual · British · DOB 11/1958 · age 68 | 50–75% | — | 50-75% shares | 01/07/2016 |
Mrs Wilma Anne Cathro Individual · British · DOB 05/1962 · age 64 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 01/07/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Similar companies
Active · Professional services · DD postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| HUGH MCGARRY LIMITED→ SC585849 · est 2018 · no financials extracted | — | — | — | — | 8y | — | — |
| IMC ENERGY LTD→ SC760717 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| INSIGHTS LEARNING & DEVELOPMENT LIMITED→ SC107074 · est 1987 · no financials extracted | — | — | — | — | 38y | — | — |
| INSTRUMENTUM PRECISION LIMITED→ SC878338 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| ISLAMIC FINANCE CONSULTANTS LIMITED→ SC749492 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| J SCOULAR LIMITED→ SC340555 · est 2008 · no financials extracted | — | — | — | — | 18y | — | — |
| J.S. INDUSTRIAL SERVICES LTD→ SC673888 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| JAMES FRASER & CO. LTD.→ SC194749 · est 1999 · no financials extracted | — | — | — | — | 27y | — | — |
| JC BLADE REPAIR (PERTH) LIMITED→ SC836857 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| JENNY GARNHAM CONSULTANTS LTD→ SC240942 · est 2002 · no financials extracted | — | — | — | — | 23y | — | — |
| JJS PLANNING SERVICES LTD→ SC444846 · est 2013 · no financials extracted | — | — | — | — | 13y | — | — |
| JKINGS RIGGING AND LIFTING LTD→ SC787487 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
8 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
Incorporated2013-08-16
Jurisdictionscotland
Primary SIC71122 — Engineering related scientific and technical consulting activities
Registered office
Stannergate House 41 Dundee Road West
Broughty Ferry
Dundee
DD5 1NB
Scotland
Filing status
Accounts
Next due: 2027-05-31
Last made up to: 2025-08-31
Confirmation statement
Next due: 2026-08-25
Last: 2025-08-11
Officers (1 active · 0 resigned)
CATHRO, Iain→
Activedirector · ~68y · appointed 2013-08-16
View their other companies + combined net worth →
Click a director name to see their full track record across all companies.
Recent filings (33 total)
dissolution-application-strike-off-company
dissolution · DS01
2026-04-28
accounts-with-accounts-type-micro-entity
accounts · AA
2026-04-16
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-04-15
confirmation-statement-with-updates
confirmation-statement · CS01
2025-08-25
accounts-with-accounts-type-micro-entity
accounts · AA
2025-02-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-15
accounts-with-accounts-type-micro-entity
accounts · AA
2024-04-19
confirmation-statement-with-updates
confirmation-statement · CS01
2023-08-11
accounts-with-accounts-type-micro-entity
accounts · AA
2023-05-02
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-09-20
confirmation-statement-with-updates
confirmation-statement · CS01
2022-08-15
accounts-with-accounts-type-micro-entity
accounts · AA
2022-05-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-09-30
accounts-with-accounts-type-micro-entity
accounts · AA
2021-02-02
confirmation-statement-with-updates
confirmation-statement · CS01
2020-08-14