ONYX ASSET MANAGEMENT LIMITED
💤Zombieactive
SC547547 · ltd · incorporated 2016-10-12
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 Oct 2024
Net worth
—
book net assets
Opportunity
75/100
Strong
What this business does
Primary activity: Buying and selling of own real estate
Sector: Real estate
Investor take
PursueStrong opportunity: active trading company with strong profile and bankable structure.
Opportunity 75/100 (strong), bankability 85/100. 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).
🏦
Refinance opportunity
22 live charges · 2 lenders · oldest 9.5y
30/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 9.5 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Distress signals active — lender appetite narrows.
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
22 charges (22/22 with lender, 22/22 with type)
90
Directors & officers
2 officers (1 active, 2 linked, 2 with DOB)
90
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
4 connected companies via shared directors
57
Filing history
70 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
75/100Strong
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
77
Few red flags.
Signal strength
100
Good data coverage for analysis.
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2024-10-31 | 2023-10-31 |
|---|---|---|
| Average employees | 200 | 200 |
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
1
filing
- • 1 confirmation-statement
Last 180 days
1
filing
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (71 events)Click to expand
- 2025-10-17📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-10-17📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-10-17📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-10-17📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-10-17📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-10-17📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-10-17📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-10-17🔓Charge satisfied #17
- 2025-10-17🔓Charge satisfied #14
- 2025-10-17🔓Charge satisfied #13
- 2025-10-17🔓Charge satisfied #8
- 2025-10-17🔓Charge satisfied #7
- 2025-10-17🔓Charge satisfied #6
- 2025-10-17🔓Charge satisfied #1
- 2025-10-06📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-10-06🔓Charge satisfied #2
- 2025-10-01📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-10-01📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-10-01🔓Charge satisfied #10
- 2025-10-01🔓Charge satisfied #5
- 2025-07-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-04-15📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-04-15📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-04-15📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-04-15📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-04-15📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-04-15📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-04-15📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-04-15📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-04-15📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-04-15🔓Charge satisfied #22
- 2025-04-15🔓Charge satisfied #21
- 2025-04-15🔓Charge satisfied #20
- 2025-04-15🔓Charge satisfied #19
- 2025-04-15🔓Charge satisfied #18
- 2025-04-15🔓Charge satisfied #12
- 2025-04-15🔓Charge satisfied #11
- 2025-04-15🔓Charge satisfied #9
- 2025-04-15🔓Charge satisfied #3
- 2024-09-26📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-09-25📄gazette-filings-brought-up-to-dategazette · DISS40
- 2024-09-24📄gazette-notice-compulsorygazette · GAZ1
- 2024-01-19➖DRUMMOND, Elizabeth Marina resigneddirector
- 2020-10-05🔒Charge registered #22Lender: Handelsbanken PLC
- 2020-06-09🔒Charge registered #21Lender: Handelsbanken PLC
- 2020-06-09🔒Charge registered #20Lender: Handelsbanken PLC
- 2019-05-30🔓Charge satisfied #16
- 2019-05-30🔓Charge satisfied #15
- 2019-05-30🔓Charge satisfied #4
- 2019-04-15🔒Charge registered #19Lender: Handelsbanken PLC
Showing most recent 50 of 71 events
Owner dependency
83/100
Critical — business is the founderThe 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 64 — approaching natural succession window.
Succession & seller-readiness
65/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- primaryFounder aged 63+: Senior director is approximately 64. 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 med ·Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Andrew John Drummond Individual · British · DOB 11/1962 · age 64 | 75–100% | 75–100% | 75-100% shares · 75-100% voting | 12/10/2016 |
1 historic (ceased) PSC
- Mrs Elizabeth Marina Drummondceased 19/01/2024· 25-50% shares · 25-50% voting
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 →Similar companies
Active · Property · DD postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| J & E NOMINEES LIMITED→ SC237007 · est 2002 | £3.06M £2.60M–£3.52M | — | £3.06M | — | 23y | 83 | 66y |
| MNA (SCOTLAND) LIMITED→ SC283813 · est 2005 | £637.9k £542.2k–£733.6k | — | £637.9k | — | 21y | 83 | 60y |
| STATION WORKS PROPERTIES LTD.→ SC083127 · est 1983 | £39.9k £33.9k–£45.9k | — | £39.9k | — | 42y | 83 | 79y |
| LOW HOLDINGS (SCOTLAND) LIMITED→ SC412906 · est 2011 | — | — | — | 400 | 14y | 84 | 74y |
| CKS PROPERTIES LIMITED→ SC295259 · est 2006 | — | — | — | 5 | 20y | 83 | 67y |
| EAST OF SCOTLAND COLOUR PRINT LIMITED→ SC343575 · est 2008 | — | — | — | 4 | 17y | 83 | 63y |
| H & H PROPERTIES (UK) LIMITED→ SC267997 · est 2004 | — | — | — | 2300 | 21y | 83 | 73y |
| PANMURE NEWS LIMITED→ SC336255 · est 2008 | — | — | — | 0 | 18y | 83 | 62y |
| RDA PROPERTIES LIMITED→ SC232593 · est 2002 | — | — | — | 0 | 23y | 83 | 85y |
| UREKARMA PROPERTY GROUP LTD→ SC698887 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| WALKER CRAVEN HOMES LIMITED→ SC315031 · est 2007 · no financials extracted | — | — | — | — | 19y | — | — |
| WEST END OFFICE SUITES (DUNDEE) LTD→ SC717149 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
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
Incorporated2016-10-12
Jurisdictionscotland
Primary SIC68100 — Buying and selling of own real estate
Registered office
4 Valentine Court
Dunsinane Industrial Estate
Dundee
DD2 3QB
Scotland
Filing status
Accounts
Next due: 2026-07-31
Last made up to: 2024-10-31
Confirmation statement
Next due: 2027-02-07
Last: 2026-01-24
Officers (1 active · 1 resigned)
DRUMMOND, Andrew John→
Activedirector · ~64y · appointed 2016-10-12
View their other companies + combined net worth →
DRUMMOND, Elizabeth Marina→
Resigneddirector · ~58y · appointed 2016-10-12 · resigned 2024-01-19
Click a director name to see their full track record across all companies.
Mortgages & charges
22
Total charges
0
Outstanding
0
Active lenders
Status:Lender:22 of 22 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Handelsbanken Handelsbanken PLC | A registered charge | 1 property | 05/10/2020 | 15/04/2025 | |
| satisfied | Handelsbanken Handelsbanken PLC | A registered charge | 1 property | 09/06/2020 | 15/04/2025 | |
| satisfied | Handelsbanken Handelsbanken PLC | A registered charge | 1 property | 09/06/2020 | 15/04/2025 | |
| satisfied | Handelsbanken Handelsbanken PLC | A registered charge | 3 properties | 15/04/2019 | 15/04/2025 | |
| satisfied | Svenska Handelsbanken Ab (Publ) | A registered charge | 1 property | 22/02/2018 | 15/04/2025 | |
| satisfied | Svenska Handelsbanken Ab (Publ) | A registered charge | 1 property | 22/02/2018 | 17/10/2025 | |
| satisfied | Svenska Handelsbanken Ab (Publ) | A registered charge | 1 property | 22/02/2018 | 30/05/2019 | |
| satisfied | Svenska Handelsbanken Ab (Publ) | A registered charge | 1 property | 11/12/2017 | 30/05/2019 | |
| satisfied | Svenska Handelsbanken Ab (Publ) | A registered charge | 1 property | 11/12/2017 | 17/10/2025 | |
| satisfied | Svenska Handelsbanken Ab (Publ) | A registered charge | 1 property | 14/06/2017 | 17/10/2025 | |
| satisfied | Svenska Handelsbanken Ab (Publ) | A registered charge | 1 property | 14/06/2017 | 15/04/2025 | |
| satisfied | Svenska Handelsbanken Ab (Publ) | A registered charge | 1 property | 14/06/2017 | 15/04/2025 | |
| satisfied | Svenska Handelsbanken Ab (Publ) | A registered charge | 3 properties | 03/03/2017 | 01/10/2025 | |
| satisfied | Svenska Handelsbanken Ab (Publ) | A registered charge | 1 property | 19/01/2017 | 15/04/2025 | |
| satisfied | Svenska Handelsbanken Ab (Publ) | A registered charge | 1 property | 19/01/2017 | 17/10/2025 | |
| satisfied | Svenska Handelsbanken Ab (Publ) | A registered charge | 1 property | 19/01/2017 | 17/10/2025 | |
| satisfied | Svenska Handelsbanken Ab (Publ) | A registered charge | 1 property | 09/12/2016 | 17/10/2025 | |
| satisfied | Svenska Handelsbanken Ab (Publ) | A registered charge | 1 property | 09/12/2016 | 01/10/2025 | |
| satisfied | Svenska Handelsbanken Ab (Publ) | A registered charge | 1 property | 09/12/2016 | 30/05/2019 | |
| satisfied | Svenska Handelsbanken Ab (Publ) | A registered charge | 1 property | 09/12/2016 | 15/04/2025 | |
| satisfied | Svenska Handelsbanken Ab (Publ) | A registered charge | — | 01/12/2016 | 06/10/2025 | |
| satisfied | Svenska Handelsbanken Ab (Publ) | A registered charge | — | 14/11/2016 | 17/10/2025 |
Recent filings (70 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-02-25
mortgage-satisfy-charge-full
mortgage · MR04
2025-10-17
mortgage-satisfy-charge-full
mortgage · MR04
2025-10-17
mortgage-satisfy-charge-full
mortgage · MR04
2025-10-17
mortgage-satisfy-charge-full
mortgage · MR04
2025-10-17
mortgage-satisfy-charge-full
mortgage · MR04
2025-10-17
mortgage-satisfy-charge-full
mortgage · MR04
2025-10-17
mortgage-satisfy-charge-full
mortgage · MR04
2025-10-17
mortgage-satisfy-charge-full
mortgage · MR04
2025-10-06
mortgage-satisfy-charge-full
mortgage · MR04
2025-10-01
mortgage-satisfy-charge-full
mortgage · MR04
2025-10-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-07-30
mortgage-satisfy-charge-full
mortgage · MR04
2025-04-15
mortgage-satisfy-charge-full
mortgage · MR04
2025-04-15
mortgage-satisfy-charge-full
mortgage · MR04
2025-04-15