DEVAR LIMITED

💤Zombieactive
SC500301 · ltd · incorporated 2015-03-12
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 Dec 2024
Net worth
£1.48M
book net assets
Opportunity
78/100
Strong
🔔
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What this business does
Primary activity: Activities of head offices
Sector: Professional, scientific & technical
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 78/100 (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: share sale to pe / searcher (73/100).

Data confidence

Overall: high (81/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

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
2 officers (2 active, 2 linked, 1 with DOB)
80
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
35 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.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £1,478,845
Very low cash
Cash position: £1
Cash YoY
+0%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£1
~ YoY
Net Worth
£1.5m
↑ 1.9% YoY
Current Assets
Current Liabilities
£0£296k£592k£887k£1.2m£1.5mDec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-12-312023-12-31
Total assets£1.53M£1.53M
Cash£1£1
Net assets£1.48M£1.45M

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
2
filings
  • 1 confirmation-statement
  • 1 capital
Last 180 days
2
filings
  • 1 confirmation-statement
  • 1 capital
Counts from Companies House filing history.
Corporate timeline (18 events)Click to expand
  1. 2026-03-20
    📄
    capital-alter-shares-redemption-statement-of-capital
    capital · SH02
  2. 2025-09-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-08-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-08-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2023-06-20
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  6. 2022-09-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2021-09-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2020-09-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2019-07-18
    📄
    capital-alter-shares-redemption-statement-of-capital
    capital · SH02
  10. 2019-07-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2018-09-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2018-07-04
    📄
    capital-alter-shares-subdivision
    capital · SH02
  13. 2017-11-30
    📄
    capital-allotment-shares
    capital · SH01
  14. 2017-11-23
    📄
    capital-alter-shares-redemption-statement-of-capital
    capital · SH02
  15. 2017-09-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2015-06-08
    DEVINE, John Alan appointed
    secretary
  17. 2015-03-12
    🏢
    Company incorporated
    As DEVAR LIMITED
  18. 2015-03-12
    DEVINE, Brian George appointed
    director

Owner dependency

88/100
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.
  • +No director turnover: Company is 11 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

60/100
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.
  • 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 · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Brian George Devine
Individual · British · DOB 07/1966 · age 60
75–100%75-100% voting06/04/2016

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
Incorporated2015-03-12
Jurisdictionscotland
Primary SIC70100 — Activities of head offices

Registered office

Radleigh House/1 Golf Road
Clarkston
Glasgow
G76 7HU
Scotland

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-03-26
Last: 2026-03-12

Officers (2 active · 0 resigned)

DEVINE, John Alan
secretary · appointed 2015-06-08
View their other companies + combined net worth →
Active
DEVINE, Brian George
director · ~60y · appointed 2015-03-12
View their other companies + combined net worth →
Active

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

Recent filings (35 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2026-03-23
capital-alter-shares-redemption-statement-of-capital
capital · SH02
2026-03-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-08
confirmation-statement-with-updates
confirmation-statement · CS01
2025-03-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-08-22
confirmation-statement-with-updates
confirmation-statement · CS01
2024-03-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-08-22
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-06-20
confirmation-statement-with-updates
confirmation-statement · CS01
2023-03-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-09-21
confirmation-statement-with-updates
confirmation-statement · CS01
2022-03-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-09-20
confirmation-statement-with-updates
confirmation-statement · CS01
2021-05-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-09-30
confirmation-statement-with-updates
confirmation-statement · CS01
2020-03-24