DRAC ENGINEERING SERVICES LIMITED

🏛️Establishedactive
SC558992 · ltd · incorporated 2017-02-28
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£127.2k
book net assets
Opportunity
77/100
Strong
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What this business does
Primary activity: Engineering related scientific and technical consulting activities
Sector: Professional, scientific & technical
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 77/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (73/100).

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
75
Lenders & charges
Confirmed no charges registered
85
Directors & officers
3 officers (2 active, 3 linked, 3 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
22 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
77/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
65
Adequate — check latest filings for context.
Acquirability
75
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 · FRS 105 (micro)
Positive net assets
Net assets £127,218
Net assets shrinking
Down £16,313 YoY

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£127k
↓ 11% YoY
Current Assets
£201k
~ YoY
Current Liabilities
—
£0£40k£81k£121k£161k£201kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2025-03-312024-03-31
Total assets£127.2k£143.5k
Current assets£201.3k£201.5k
Net assets£127.2k£143.5k

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
1
filing
  • • 1 confirmation-statement
Last 180 days
2
filings
  • • 1 confirmation-statement
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (18 events)Click to expand
  1. 2025-12-03
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-12-19
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2023-12-22
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2022-12-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2021-12-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2021-03-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2019-12-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2018-11-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2018-05-09
    📄
    capital-name-of-class-of-shares
    capital · SH08
  10. 2018-05-09
    📄
    resolution
    resolution · RESOLUTIONS
  11. 2018-02-26
    📄
    change-account-reference-date-company-current-extended
    accounts · AA01
  12. 2017-04-05
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  13. 2017-03-31
    ➖
    CUMMING, Alannah Marie resigned
    director
  14. 2017-02-28
    🏢
    Company incorporated
    As DRAC ENGINEERING SERVICES LIMITED
  15. 2017-02-28
    ➕
    BROWN, Rachel Francesca appointed
    director
  16. 2017-02-28
    ➕
    CUMMING, Donald appointed
    director
  17. 2017-02-28
    ➕
    CUMMING, Alannah Marie appointed
    director
  18. 2017-02-28
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

66/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Senior director age: Director aged approximately 58 — approaching natural succession window.

Succession & seller-readiness

46/100
Moderate signal

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

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 58. Early succession window.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

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 Donald Cumming
Individual · British · DOB 08/1968 · age 58
50–75%
50–75%board control50-75% shares · 50-75% voting · board control28/02/2017

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

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

6 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
Incorporated2017-02-28
Jurisdictionscotland
Primary SIC71122 — Engineering related scientific and technical consulting activities

Registered office

An'stac
Woodlands Of Durris
Banchory
Kincardineshire
AB31 6BD
United Kingdom

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-03-13
Last: 2026-02-27

Officers (2 active · 1 resigned)

BROWN, Rachel Francesca→
director · ~56y · appointed 2017-02-28
View their other companies + combined net worth →
Active
CUMMING, Donald→
director · ~58y · appointed 2017-02-28
View their other companies + combined net worth →
Active
CUMMING, Alannah Marie→
director · ~27y · appointed 2017-02-28 · resigned 2017-03-31
Resigned

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

Recent filings (22 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-09
accounts-with-accounts-type-micro-entity
accounts · AA
2025-12-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-12
accounts-with-accounts-type-micro-entity
accounts · AA
2024-12-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-19
accounts-with-accounts-type-micro-entity
accounts · AA
2023-12-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-03-31
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-03-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-03-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-12-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-03-13