CUMMINGS PLUMBING LIMITED
💤Zombieactive
SC463623 · ltd · incorporated 2013-11-13
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
£168.3k
book net assets
Opportunity
74/100
Strong
What this business does
Primary activity: Plumbing, heat and air-conditioning installation
Sector: Construction
Investor take
PursueStrong opportunity: active trading company with strong profile and bankable structure.
Opportunity 74/100 (strong), bankability 80/100. 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: share sale to pe / searcher (58/100).
🏦
Refinance opportunity
2 live charges · oldest 5.2y
45/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 5.2 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Distress signals active — lender appetite narrows.
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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
1 officers (1 active, 1 linked, 1 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
29 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
50
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 102Positive net assets
Net assets £168,297
Cash YoY
+84%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£59k
↑ 84% YoY
Net Worth
£168k
↑ 8.0% YoY
Current Assets
£75k
↑ 64% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Total assets | £317.5k | £302.8k |
| Current assets | £74.6k | £45.5k |
| Cash | £58.9k | £32.0k |
| Debtors | £15.8k | £13.5k |
| Net assets | £168.3k | £155.8k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
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
Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
1
filing
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (19 events)Click to expand
- 2025-10-30📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2025-02-28📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2024-02-28📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2023-03-31📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2021-12-28📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2021-05-12📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2021-05-04📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2021-04-27🔒Charge registered #2Lender: Bank of Scotland PLC
- 2021-03-01📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2021-02-23🔒Charge registered #1Lender: Bank of Scotland PLC
- 2020-11-27📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2019-12-23📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2018-12-03📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2017-12-21📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2016-06-22📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2015-12-11📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2015-09-25📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2013-11-13🏢Company incorporatedAs CUMMINGS PLUMBING LIMITED
- 2013-11-13➕CUMMINGS, Chris 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 name in company name: Company name contains director surname "CUMMINGS" — strong identity link between founder and business.
- +No director turnover: Company is 12 years old with no director changes — suggests a very tight-knit founder team never broadened.
Succession & seller-readiness
58/100
Strong succession signalMultiple 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 12 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
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Chris Cummings Individual · British · DOB 09/1980 · age 46 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 06/04/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Similar companies
Active · Construction · EH postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| CU PLUMBING AND HEATING LTD→ SC832628 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| CULLEN PLUMBING & HEATING LIMITED→ SC393940 · est 2011 · no financials extracted | — | — | — | — | 15y | — | — |
| CULLROSS (BALLINDEAN) LIMITED→ SC685822 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| CUMBRAE PROPERTY LIMITED→ SC492499 · est 2014 · no financials extracted | — | — | — | — | 11y | — | — |
| CUTHBERTS OF EDINBURGH LIMITED→ SC626628 · est 2019 · no financials extracted | — | — | — | — | 7y | — | — |
| D BLACK ELECTRICAL SERVICES LTD→ SC882032 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| D BLAKE HOLDINGS LIMITED→ SC187718 · est 1998 · no financials extracted | — | — | — | — | 27y | — | — |
| DARM UTILITIES LTD→ SC834449 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| DAVID GRIERSON LTD→ SC381114 · est 2010 · no financials extracted | — | — | — | — | 15y | — | — |
| DAVID JOHN & SON KITCHENS LIMITED→ SC859068 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| DAVID MILLAR & SONS INTERIOR AND EXTERIOR PAINTERS & DECORATORS LTD→ SC773387 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| DAVID MILLER & SONS (SCOTLAND) LTD→ SC844639 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
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
Incorporated2013-11-13
Jurisdictionscotland
Primary SIC43220 — Plumbing, heat and air-conditioning installation
Registered office
79 Morningside Road
Edinburgh
EH10 4AY
Scotland
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-11-27
Last: 2025-11-13
Officers (1 active · 0 resigned)
CUMMINGS, Chris→
Activedirector · ~46y · appointed 2013-11-13
View their other companies + combined net worth →
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
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 27/04/2021 | — | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC | A registered charge | — | 23/02/2021 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (29 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-21
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-10-30
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-02-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-11-27
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-02-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-27
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-03-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-01-02
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-12-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-11-26
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2021-05-12
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2021-05-04
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2021-03-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-11-27
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2020-11-27