ITS EGYPT HOLDINGS 1, LTD

💤Zombieactive

SC476124 · ltd · incorporated 2014-04-25

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.

Why now

Window steady · low confidence

Steady and stalled — no momentum either way. Needs an approach trigger.

What changed my view

Last 30 days

No material changes in the last 30 days.

Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Dec 2022

Net worth

—

book net assets

Opportunity

68/100

Strong

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch

What this business does

Primary activity: Activities of head offices

Sector: Professional, scientific & technical

Investor take

Pass (distressed without resilience)

Distressed active trading company — structural issues outweigh the discount.

Opportunity 68/100 (strong), bankability 55/100. High owner-dependency — earn-out structure likely required for clean transition. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: share sale to pe / searcher (53/100).

Data confidence

Overall: medium (69/100)

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

Lenders & charges

Confirmed no charges registered

Directors & officers

12 officers (2 active, 12 linked, 7 with DOB)

Ownership & PSC

1 active PSC(s) of 2 total, 2 with control declared

Director network

Network not yet resolved

Filing history

49 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

68/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Adequate — check latest filings for context.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Some moderate concerns — review flags.

Signal strength

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102

Loss-making

Loss before tax £5,600

Key financials

1 year extracted from filed iXBRL accounts

Cash

—

Net Worth

—

Current Assets

—

Current Liabilities

—

Financials

Extracted from Companies House accounts · FRS 102

Metric	2022-12-31
Profit before tax	£-5.6k
Average employees	200

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

filings

Last 90 days

filing

• 1 confirmation-statement

Last 180 days

filing

• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (42 events)Click to expand

2025-04-28
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2025-04-28
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-04-28
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-04-28
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-04-28
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-04-19
📄
gazette-filings-brought-up-to-date
gazette · DISS40
2025-04-16
➕
POLLMANN, Henricus Reindert Petrus appointed
director
2025-04-16
➖
DOCKRAY, Nathaniel C. resigned
director
2025-04-16
➖
MENGER, John Edward resigned
director
2025-04-15
📄
dissolved-compulsory-strike-off-suspended
dissolution · DISS16(SOAS)
2025-03-04
📄
gazette-notice-compulsory
gazette · GAZ1
2024-08-02
📄
accounts-with-accounts-type-full
accounts · AA
2023-10-16
➕
MCINTOSH, Neil appointed
secretary
2023-10-16
➖
MOIR, Stewart resigned
secretary
2023-10-16
➕
MENGER, John Edward appointed
director
2023-10-16
📄
appoint-person-secretary-company-with-name-date
officers · AP03
2023-10-16
📄
appoint-person-director-company-with-name-date
officers · AP01
2023-10-16
📄
termination-secretary-company-with-name-termination-date
officers · TM02
2023-06-01
📄
change-person-secretary-company-with-change-date
officers · CH03
2023-06-01
📄
appoint-person-secretary-company-with-name-date
officers · AP03
2023-06-01
📄
termination-secretary-company-with-name-termination-date
officers · TM02
2023-03-20
➕
MOIR, Stewart appointed
secretary
2023-02-17
➖
LEIGHTON, Keith resigned
secretary
2023-01-04
📄
termination-director-company-with-name-termination-date
officers · TM01
2022-12-31
➖
SIMONS, Jennifer Fremont resigned
director
2022-06-22
📄
accounts-with-accounts-type-full
accounts · AA
2021-09-13
📄
accounts-with-accounts-type-full
accounts · AA
2020-07-30
📄
accounts-with-accounts-type-full
accounts · AA
2019-06-26
➖
EWEN, David James resigned
secretary
2019-06-26
➕
LEIGHTON, Keith appointed
secretary
2019-06-26
➖
MENGER, John Edward resigned
director
2019-06-26
➕
SIMONS, Jennifer Fremont appointed
director
2015-02-12
➕
EWEN, David James appointed
secretary
2015-02-12
➖
MACKIE, Ian Alan resigned
secretary
2015-02-12
➖
MACKIE, Ian Alan resigned
director
2015-02-02
➕
MACKIE, Ian Alan appointed
director
2014-12-17
➕
DOCKRAY, Nathaniel C. appointed
director
2014-12-17
➖
SCHLOM, Philip Alan resigned
director
2014-04-25
🏢
Company incorporated
As ITS EGYPT HOLDINGS 1, LTD
2014-04-25
➕
MACKIE, Ian Alan appointed
secretary
2014-04-25
➕
MENGER, John Edward appointed
director
2014-04-25
➕
SCHLOM, Philip Alan appointed
director

Owner dependency

83/100

Critical — business is the founder

The 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.
+Senior director age: Director aged approximately 60 — approaching natural succession window.

Succession & seller-readiness

55/100

Strong succession signal

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

SIGNALS

secondaryFounder aged 58+: Senior director is approximately 60. Early succession window.
primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

Red flags

1 high ·

Accounts overdue

high

Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.

Evidence: Next due: 2024-12-31

Group structure

Nabors Industries Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️

Nabors Industries Ltd

Corporate parent · holds 75-100% shares

ultimate parent

⬇

ITS EGYPT HOLDINGS 1, LTD

This company · SC476124

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
Nabors Industries Ltd Corporate entity	75–100%	—	75-100% shares	11/03/2025

1 historic (ceased) PSC

Parker Drilling Companyceased 11/03/2025· 75-100% shares

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

Similar companies

Active · Professional services · AB postcode area

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GENERAL OCEANS UK HOLDINGS LTD→ SC308386 · est 2006	£9.77M £7.20M–£12.34M	—	—	0	19y	84	68y
HIGHLAND FUELS HOLDINGS LIMITED→ SC215790 · est 2001	£9.50M £7.00M–£12.00M	—	—	300	25y	88	62y
CRAIGSHANNOCH LIMITED→ SC191743 · est 1998	£5.90M £4.34M–£7.45M	£2.95M	—	300	27y	88	67y
STREAMLINE SHIPPING GROUP LIMITED→ SC131956 · est 1991	£2.99M £2.20M–£3.77M	—	—	0	35y	83	74y
T D C PARSONS PEEBLES LIMITED→ SC663297 · est 2020	£2.76M £2.03M–£3.48M	£11.52M	—	5100	6y	87	77y
ROTECH HOLDINGS LIMITED→ SC148822 · est 1994	£1.97M £1.45M–£2.49M	£453.6k	—	0	32y	92	58y
WELLTEC (UK) LTD.→ SC204742 · est 2000	£134.9k £99.4k–£170.4k	£17.23M	—	3200	26y	93	62y
ACCURA MEASUREMENT LIMITED→ SC322109 · est 2007	—	—	£5.47M	—	19y	83	60y
ALLEN ASSOCIATES (H.P.E.) LIMITED→ SC201596 · est 1999 · no financials extracted	—	—	—	—	26y	83	59y
CONNECT NDT LIMITED→ SC205224 · est 2000	—	—	£309.8k	—	26y	83	70y
CUMMING & CO. (ABERDEEN) LTD.→ SC248131 · est 2003	—	—	£352.1k	—	23y	83	58y
ETPM LIMITED→ SC318161 · est 2007	—	—	—	1800	19y	83	63y

Peers ranked by estimated value, then turnover, then opportunity score.See all →

🔒Tailored diligence questions

10 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

Incorporated2014-04-25

Jurisdictionscotland

Primary SIC70100 — Activities of head offices

Registered office

C/O International Tubular Services Limited Greenbank Crescent

East Tullos Industrial Estate

Aberdeen

AB12 3BG

Filing status

Accounts

Next due: 2024-12-31OVERDUE

Last made up to: 2022-12-31

Confirmation statement

Next due: 2027-05-09

Last: 2026-04-25

Officers (2 active · 10 resigned)

MCINTOSH, Neil→

secretary · appointed 2023-10-16

View their other companies + combined net worth →

Active

POLLMANN, Henricus Reindert Petrus→

director · ~60y · appointed 2025-04-16

View their other companies + combined net worth →

Active

EWEN, David James→

secretary · appointed 2015-02-12 · resigned 2019-06-26

Resigned

LEIGHTON, Keith→

secretary · appointed 2019-06-26 · resigned 2023-02-17

Resigned

MACKIE, Ian Alan→

secretary · appointed 2014-04-25 · resigned 2015-02-12

Resigned

MOIR, Stewart→

secretary · appointed 2023-03-20 · resigned 2023-10-16

Resigned

DOCKRAY, Nathaniel C.→

director · ~46y · appointed 2014-12-17 · resigned 2025-04-16

Resigned

MACKIE, Ian Alan→

director · ~55y · appointed 2015-02-02 · resigned 2015-02-12

Resigned

MENGER, John Edward→

director · ~64y · appointed 2023-10-16 · resigned 2025-04-16

Resigned

MENGER, John Edward→

director · ~64y · appointed 2014-04-25 · resigned 2019-06-26

Resigned

SCHLOM, Philip Alan→

director · ~62y · appointed 2014-04-25 · resigned 2014-12-17

Resigned

SIMONS, Jennifer Fremont→

director · ~50y · appointed 2019-06-26 · resigned 2022-12-31

Resigned

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

Recent filings (49 total)

confirmation-statement-with-no-updates

confirmation-statement · CS01

2026-04-27

notification-of-a-person-with-significant-control

persons-with-significant-control · PSC02

2025-04-28

confirmation-statement-with-no-updates

confirmation-statement · CS01

2025-04-28

cessation-of-a-person-with-significant-control

persons-with-significant-control · PSC07

2025-04-28

termination-director-company-with-name-termination-date

officers · TM01

2025-04-28

termination-director-company-with-name-termination-date

officers · TM01

2025-04-28

appoint-person-director-company-with-name-date

officers · AP01

2025-04-28

gazette-filings-brought-up-to-date

gazette · DISS40

2025-04-19

dissolved-compulsory-strike-off-suspended

dissolution · DISS16(SOAS)

2025-04-15

gazette-notice-compulsory

gazette · GAZ1

2025-03-04

accounts-with-accounts-type-full

accounts · AA

2024-08-02

confirmation-statement-with-no-updates

confirmation-statement · CS01

2024-07-03

appoint-person-secretary-company-with-name-date

officers · AP03

2023-10-16

appoint-person-director-company-with-name-date

officers · AP01

2023-10-16

termination-secretary-company-with-name-termination-date

officers · TM02

2023-10-16