SATURN FLUID ENGINEERING LIMITED

💤Zombieactive
SC546005 · ltd · incorporated 2016-09-22
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 2024
Net worth
£-141
book net assets
Opportunity
78/100
Strong
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What this business does
Primary activity: Engineering related scientific and technical consulting activities
Sector: Professional, scientific & technical
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 78/100 (strong), bankability 67/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

1 live charge · oldest 7.2y

45/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 7.2 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: high (80/100)

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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
2 officers (1 active, 2 linked, 2 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
25 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
65
Adequate — check latest filings for context.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Negative net assets
Liabilities exceed assets by £141

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
-£141
↑ 83% YoY
Current Assets
—
Current Liabilities
—
-£837£10k£21k£32k£43k£54kDec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2024-12-312023-12-31
Total assets£-141£2.2k
Current assets—£53.8k
Net assets£-141£-837

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
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (21 events)Click to expand
  1. 2025-09-24
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-09-30
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  3. 2023-09-30
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  4. 2023-07-20
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  5. 2022-09-30
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  6. 2021-12-22
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  7. 2020-12-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2020-03-09
    📄
    change-person-director-company-with-change-date
    officers · CH01
  9. 2019-09-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2019-04-08
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  11. 2019-04-04
    🔒
    Charge registered #1
    Lender: Morgan Lloyd Trustees as Trustee of the Tarvos Energy Pension Scheme
  12. 2018-12-18
    📄
    change-account-reference-date-company-current-extended
    accounts · AA01
  13. 2018-10-16
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  14. 2018-10-16
    📄
    withdrawal-of-a-person-with-significant-control-statement
    persons-with-significant-control · PSC09
  15. 2018-10-16
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  16. 2018-10-10
    ➖
    RUFF, David Charles resigned
    director
  17. 2018-06-20
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  18. 2016-09-22
    🏢
    Company incorporated
    As SATURN FLUID ENGINEERING LIMITED
  19. 2016-09-22
    ➕
    CLUNIE, Ewen James appointed
    director
  20. 2016-09-22
    ➕
    RUFF, David Charles appointed
    director
  21. 2016-09-22
    📄
    incorporation-company
    incorporation · NEWINC

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

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
NameSharesVoting rightsNature of controlNotified
Mr Ewen James Clunie
Individual · British · DOB 12/1965 · age 61
25–50%
50–75%board controlsig. influence50-75% shares · 50-75% voting · board control · significant influence · firm interest10/10/2018

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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——416y8264y
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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
Incorporated2016-09-22
Jurisdictionscotland
Primary SIC71122 — Engineering related scientific and technical consulting activities

Registered office

2 Waters Edge
Camperdown Street
Dundee
DD1 3HY
Scotland

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-10-05
Last: 2025-09-21

Officers (1 active · 1 resigned)

CLUNIE, Ewen James→
director · ~61y · appointed 2016-09-22
View their other companies + combined net worth →
Active
RUFF, David Charles→
director · ~59y · appointed 2016-09-22 · resigned 2018-10-10
Resigned

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
Morgan Lloyd Trustees as Trustee of the Tarvos Energy Pension Scheme / Ewen Clunie as Trustee of the Tarvos Energy Pension Scheme / Shona Clunie as Trustee of the Tarvos Energy Pension Scheme
A registered charge9 properties04/04/2019—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (25 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-30
accounts-with-accounts-type-micro-entity
accounts · AA
2025-09-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-11-19
accounts-with-accounts-type-dormant
accounts · AA
2024-09-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-03
accounts-with-accounts-type-dormant
accounts · AA
2023-09-30
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-07-20
accounts-with-accounts-type-dormant
accounts · AA
2022-09-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-09-26
accounts-with-accounts-type-dormant
accounts · AA
2021-12-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-11-15
accounts-with-accounts-type-micro-entity
accounts · AA
2020-12-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-11-25
change-person-director-company-with-change-date
officers · CH01
2020-03-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-11-26