INVERCLYDE ELECTRICAL SERVICES LIMITED

💤Zombieactive

SC495070 · ltd · incorporated 2015-01-14

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 opening · high confidence

More negotiable than before — 3 signals weakening over the last 30 days.

· Hygiene score: 90 → 70
· Opportunity score: 74 → 65
· Bankability: 75 → 65
· Distress / opportunity: avoid → attractive

Opportunity decay

softening · 6-months

Softening — cumulative signals suggest this becomes more negotiable over the next 3–6 months.

· 3 recent signals weakening vs 0 strengthening

What changed my view

Last 30 days

Picture worsened over the last 30 days — 3 negative signals vs 0 positive.

↓Opportunity score: 74 → 65
↓Hygiene score: 90 → 70
↓Bankability: 75 → 65
·Distress / opportunity: avoid → attractive

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 Jan 2025

Net worth

£381

book net assets

Opportunity

65/100

Strong

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

What this business does

Primary activity: SIC 33140

Sector: Manufacturing

Investor take

Special-situation opportunity

Distressed manufacturing with salvageable qualities — special-situations priority.

Opportunity 65/100 (strong), bankability 65/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: Confirmation statement overdue. Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal. Most likely exit: share sale to pe / searcher (58/100).

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

Lenders & charges

Confirmed no charges registered

Directors & officers

3 officers (1 active, 3 linked, 3 with DOB)

Ownership & PSC

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

Director network

Network not yet resolved

Filing history

32 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

65/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Adequate — check latest filings for context.

Acquirability

Some acquirability indicators.

Risk profile

Some moderate concerns — review flags.

Signal strength

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared

Positive net assets

Net assets £381

Net assets shrinking

Down £5,686 YoY

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

£381

↓ 94% YoY

Current Assets

£26k

↓ 6.0% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2025-01-31	2024-01-31
Total assets	£1.8k	£12.1k
Current assets	£25.6k	£27.3k
Net assets	£381	£6.1k

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

Recent activity

Last 30 days

filings

Last 90 days

filings

Last 180 days

filings

Counts from Companies House filing history.

Corporate timeline (22 events)Click to expand

2025-10-24
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2024-10-24
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2023-08-08
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2022-12-12
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2022-01-25
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2020-08-20
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2020-06-10
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2020-05-21
➖
MCDAID, Christopher resigned
director
2020-05-21
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2020-05-21
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2020-05-21
📄
termination-director-company-with-name-termination-date
officers · TM01
2019-10-29
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2019-04-03
📄
gazette-filings-brought-up-to-date
gazette · DISS40
2019-04-02
📄
gazette-notice-compulsory
gazette · GAZ1
2018-10-29
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2018-04-21
📄
gazette-filings-brought-up-to-date
gazette · DISS40
2018-04-17
📄
gazette-notice-compulsory
gazette · GAZ1
2016-02-01
➕
NEIL, Stuart appointed
director
2015-12-26
➖
MCCREADIE, Andrew resigned
director
2015-01-14
🏢
Company incorporated
As INVERCLYDE ELECTRICAL SERVICES LIMITED
2015-01-14
➕
MCCREADIE, Andrew appointed
director
2015-01-14
➕
MCDAID, Christopher 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

45/100

Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS

primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

Red flags

1 high ·

Confirmation statement overdue

high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2026-07-03

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%

Name	Shares	Voting rights	Nature of control	Notified
Mr Stuart Neil Individual · British · DOB 10/1975 · age 51	75–100%	—	75-100% shares	21/05/2020

1 historic (ceased) PSC

Christopher Mcdaidceased 21/05/2020· 75-100% shares

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

Similar companies

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DAVID SMITH (FABRICATORS) LIMITED→ SC056938 · est 1975	—	—	£184.3k	—	51y	83	58y
JGB STEELCRAFT (U.K.) LIMITED→ SC130494 · est 1991	—	—	£673.3k	—	35y	83	60y
MCKINLAY & BLAIR LIMITED→ SC052147 · est 1973 · no financials extracted	—	—	—	—	53y	83	68y
STRATHBOND LIMITED→ SC044198 · est 1967	—	—	£511.8k	—	59y	83	63y
A MCPHERSON (BLACKSMITHS) LIMITED→ SC089569 · est 1984	—	—	£27.4k	—	41y	82	87y
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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.

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Company details

Statusactive

Typeltd

Incorporated2015-01-14

Jurisdictionscotland

Primary SIC33140 — SIC 33140

Registered office

34 Belville Avenue

Greenock

PA15 2LG

Scotland

Filing status

Accounts

Next due: 2026-10-31

Last made up to: 2025-01-31

Confirmation statement

Next due: 2026-07-03OVERDUE

Last: 2025-06-19

Officers (1 active · 2 resigned)

NEIL, Stuart→

director · ~51y · appointed 2016-02-01

View their other companies + combined net worth →

Active

MCCREADIE, Andrew→

director · ~38y · appointed 2015-01-14 · resigned 2015-12-26

Resigned

MCDAID, Christopher→

director · ~43y · appointed 2015-01-14 · resigned 2020-05-21

Resigned

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