REID TESTING LIMITED

💤Zombieactive
SC541246 · ltd · incorporated 2016-07-27
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 Jul 2024
Net worth
£6.2k
book net assets
Opportunity
66/100
Strong
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What this business does
Primary activity: SIC 33160
Sector: Manufacturing
Investor take
Special-situation opportunity
Distressed manufacturing with salvageable qualities — special-situations priority.

Opportunity 66/100 (strong), bankability 55/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. 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 (79/100)

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
Confirmed no charges registered
85
Directors & officers
2 officers (1 active, 2 linked, 2 with DOB)
90
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
32 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
66/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
50
Adequate — check latest filings for context.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
67
Some moderate concerns — review 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 £6,199
Net assets shrinking
Down £23,035 YoY

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
£6k
↓ 79% YoY
Current Assets
£3k
↓ 90% YoY
Current Liabilities
£0£6k£12k£18k£24k£30kJul 2023Jul 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-07-312023-07-31
Total assets£6.2k£29.2k
Current assets£2.9k£29.7k
Net assets£6.2k£29.2k

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

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
2
filings
  • 2 persons-with-significant-control
Counts from Companies House filing history.
Corporate timeline (21 events)Click to expand
  1. 2026-02-10
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  2. 2026-02-10
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  3. 2025-10-11
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  4. 2025-10-09
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2025-09-30
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  6. 2024-07-26
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2024-07-09
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  8. 2024-07-02
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  9. 2023-07-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2022-11-17
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  11. 2022-11-16
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2022-09-27
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  13. 2021-07-30
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  14. 2021-07-06
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  15. 2021-06-16
    REID, Catherine resigned
    director
  16. 2021-06-16
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  17. 2020-07-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  18. 2019-04-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  19. 2017-10-29
    REID, Alexander David appointed
    director
  20. 2016-07-27
    🏢
    Company incorporated
    As REID TESTING LIMITED
  21. 2016-07-27
    REID, Catherine appointed
    director

Owner dependency

100/100
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.
  • +Founder name in company name: Company name contains director surname "REID" — strong identity link between founder and business.
  • +Founder age: Director aged approximately 68 — succession pressure is live.

Succession & seller-readiness

65/100
Strong succession signal

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

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 68. Approaching typical UK retirement age — succession thinking likely.
  • 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: 2026-04-30

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Alexander David Reid
Individual · Scottish · DOB 01/1958 · age 68
75100%
75–100%board control75-100% shares · 75-100% voting · board control · trust interest09/02/2026
2 historic (ceased) PSCs
  • Mr Alexander David Reidceased 09/02/2026· 25-50% shares
  • Mrs Catherine Reidceased 26/07/2021· 25-50% shares

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

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
Incorporated2016-07-27
Jurisdictionscotland
Primary SIC33160 — SIC 33160

Registered office

14 Applecross Gardens
Dundee
DD2 4TX
United Kingdom

Filing status

Accounts
Next due: 2026-04-30OVERDUE
Last made up to: 2024-07-31
Confirmation statement
Next due: 2026-08-09
Last: 2025-07-26

Officers (1 active · 1 resigned)

REID, Alexander David
director · ~68y · appointed 2017-10-29
View their other companies + combined net worth →
Active
REID, Catherine
director · ~69y · appointed 2016-07-27 · resigned 2021-06-16
Resigned

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

Recent filings (32 total)

cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2026-02-10
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2026-02-10
gazette-filings-brought-up-to-date
gazette · DISS40
2025-10-11
accounts-with-accounts-type-micro-entity
accounts · AA
2025-10-09
confirmation-statement-with-updates
confirmation-statement · CS01
2025-10-09
gazette-notice-compulsory
gazette · GAZ1
2025-09-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-29
accounts-with-accounts-type-micro-entity
accounts · AA
2024-07-26
gazette-filings-brought-up-to-date
gazette · DISS40
2024-07-09
gazette-notice-compulsory
gazette · GAZ1
2024-07-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-08-23
accounts-with-accounts-type-micro-entity
accounts · AA
2023-07-27
gazette-filings-brought-up-to-date
gazette · DISS40
2022-11-17
accounts-with-accounts-type-micro-entity
accounts · AA
2022-11-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-16