PRESSURE TEST SCOTLAND (WATER) LTD

💤Zombieactive
SC457216 · ltd · incorporated 2013-08-20
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 Mar 2025
Net worth
£-179.5k
book net assets
Opportunity
74/100
Strong
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What this business does
Primary activity: Technical testing and analysis
Sector: Professional, scientific & technical
ALSO REGISTERED FOR
  • 82990Other business support service activities n.e.c.
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 74/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. 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: distressed disposal / insolvency (65/100).

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, 2 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
5 officers (1 active, 5 linked, 4 with DOB)
86
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
36 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
74/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
55
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Negative net assets
Liabilities exceed assets by £179,486

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
-£179k
↑ 34% YoY
Current Assets
£21k
↑ 181% YoY
Current Liabilities
—
-£270k-£212k-£154k-£96k-£38k£21kMar 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£-179.5k£-270.3k
Current assets£20.5k£7.3k
Net assets£-179.5k£-270.3k

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
0
filings
Counts from Companies House filing history.
Corporate timeline (25 events)Click to expand
  1. 2025-08-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-11-13
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2023-08-01
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2022-12-22
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2021-08-02
    📄
    change-account-reference-date-company-current-extended
    accounts · AA01
  6. 2021-03-26
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2019-12-05
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2018-11-12
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2017-11-16
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2016-11-04
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  11. 2016-08-25
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  12. 2015-11-25
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  13. 2015-11-17
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  14. 2015-10-29
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  15. 2015-10-07
    ➖
    CONNELL, Sonia resigned
    secretary
  16. 2015-10-07
    ➖
    CONNELL, Sonia resigned
    director
  17. 2014-12-12
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  18. 2014-02-07
    ➖
    PATON, Richard William Hugh resigned
    director
  19. 2013-11-29
    ➖
    MOFFAT, Richard Paul Gregor resigned
    director
  20. 2013-08-20
    🏢
    Company incorporated
    As PRESSURE TEST SCOTLAND (WATER) LTD
  21. 2013-08-20
    ➕
    CONNELL, David appointed
    director
  22. 2013-08-20
    ➕
    CONNELL, Sonia appointed
    secretary
  23. 2013-08-20
    ➕
    CONNELL, Sonia appointed
    director
  24. 2013-08-20
    ➕
    MOFFAT, Richard Paul Gregor appointed
    director
  25. 2013-08-20
    ➕
    PATON, Richard William Hugh appointed
    director

Owner dependency

75/100
High — earn-out structure required

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

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.

Succession & seller-readiness

58/100
Strong succession signal

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

SIGNALS
  • 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

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr David Connell
Individual · British · DOB 08/1977 · age 49
25–50%
25–50%board controlsig. influence25-50% shares · 25-50% voting · board control · significant influence24/07/2016

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

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 →
🔒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
Incorporated2013-08-20
Jurisdictionscotland
Primary SIC71200 — Technical testing and analysis

Registered office

4 Newark Crescent
Doonfoot
Ayr
South Ayrshire
KA7 4HP

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-09-03
Last: 2025-08-20

Officers (1 active · 4 resigned)

CONNELL, David→
director · ~49y · appointed 2013-08-20
View their other companies + combined net worth →
Active
CONNELL, Sonia→
secretary · appointed 2013-08-20 · resigned 2015-10-07
Resigned
CONNELL, Sonia→
director · ~49y · appointed 2013-08-20 · resigned 2015-10-07
Resigned
MOFFAT, Richard Paul Gregor→
director · ~49y · appointed 2013-08-20 · resigned 2013-11-29
Resigned
PATON, Richard William Hugh→
director · ~40y · appointed 2013-08-20 · resigned 2014-02-07
Resigned

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

Recent filings (36 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-08
accounts-with-accounts-type-micro-entity
accounts · AA
2025-08-29
accounts-with-accounts-type-micro-entity
accounts · AA
2024-11-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-28
confirmation-statement-with-updates
confirmation-statement · CS01
2023-08-29
accounts-with-accounts-type-micro-entity
accounts · AA
2023-08-01
accounts-with-accounts-type-micro-entity
accounts · AA
2022-12-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-09-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-08-31
change-account-reference-date-company-current-extended
accounts · AA01
2021-08-02
accounts-with-accounts-type-micro-entity
accounts · AA
2021-03-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-08-31
accounts-with-accounts-type-micro-entity
accounts · AA
2019-12-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-08-22
accounts-with-accounts-type-micro-entity
accounts · AA
2018-11-12