JOETEK LIMITED
💤Zombieactive
SC577733 · ltd · incorporated 2017-10-02
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
£121
book net assets
Opportunity
71/100
Strong
What this business does
Primary activity: Other manufacturing n.e.c.
Sector: Manufacturing
Investor take
PursueStrong opportunity: asset-holding vehicle with strong profile and bankable structure.
Opportunity 71/100 (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 (58/100).
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
1 officers (1 active, 1 linked, 1 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
71/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
65
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £121
Net assets shrinking
Down £230 YoY
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
£121
↓ 66% YoY
Current Assets
£121
↓ 66% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-10-31 | 2023-10-31 |
|---|---|---|
| Total assets | £121 | £351 |
| Current assets | £121 | £351 |
| Net assets | £121 | £351 |
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
1
filing
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (16 events)Click to expand
- 2025-08-27📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-07-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-11-21📄change-person-director-company-with-change-dateofficers · CH01
- 2023-07-31📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-01-25📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2023-01-25📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2023-01-24📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-11-18📄gazette-filings-brought-up-to-dategazette · DISS40
- 2022-10-12📄dissolved-compulsory-strike-off-suspendeddissolution · DISS16(SOAS)
- 2022-09-27📄gazette-notice-compulsorygazette · GAZ1
- 2021-08-18📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-08-04📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-08-21📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2017-10-02🏢Company incorporatedAs JOETEK LIMITED
- 2017-10-02➕TURNER, Joseph John appointeddirector
- 2017-10-02📄incorporation-companyincorporation · NEWINC
Owner dependency
80/100
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.
- +No director turnover: Company is 9 years old with no director changes — suggests a very tight-knit founder team never broadened.
Succession & seller-readiness
45/100
Moderate signalSome succession indicators present. Worth watching; approach if sector/strategy fits.
SIGNALS
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
Red flags
cleanNo 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%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Joseph John Turner Individual · British · DOB 11/1980 · age 46 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control · trust interest · firm interest | 02/10/2017 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Similar companies
Active · Manufacturing · AB postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| OFFLOAD HOSE SERVICES LTD→ SC881938 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| OIL & GAS PROCESS SERVICES LTD→ SC803053 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| OMEGA COMPLETION LIMITED→ SC472887 · est 2014 · no financials extracted | — | — | — | — | 12y | — | — |
| ONE-DYAS EOG LIMITED→ SC005122 · est 1902 · no financials extracted | — | — | — | — | 123y | — | — |
| OREGON TIMBER FRAME LTD.→ SC181419 · est 1997 · no financials extracted | — | — | — | — | 28y | — | — |
| ORGANICA J LTD→ SC762712 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| P PATERSON LTD→ SC382469 · est 2010 · no financials extracted | — | — | — | — | 15y | — | — |
| P.P.S. GLASSFIBRE LIMITED→ SC064971 · est 1978 · no financials extracted | — | — | — | — | 47y | — | — |
| PAD RISK CONSULTING LIMITED→ SC576758 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| PARKMEAD RENEWABLE ENERGY LIMITED→ SC803908 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| PFR SUBSEA LTD→ SC566376 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| PINEWOOD JOINERY LTD→ SC650844 · est 2020 · no financials extracted | — | — | — | — | 6y | — | — |
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
Incorporated2017-10-02
Jurisdictionscotland
Primary SIC32990 — Other manufacturing n.e.c.
Registered office
Kirimara School Road
Luthermuir
Laurencekirk
AB30 1YX
Scotland
Filing status
Accounts
Next due: 2026-07-31
Last made up to: 2024-10-31
Confirmation statement
Next due: 2026-10-15
Last: 2025-10-01
Officers (1 active · 0 resigned)
TURNER, Joseph John→
Activedirector · ~46y · appointed 2017-10-02
View their other companies + combined net worth →
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
2025-12-02
accounts-with-accounts-type-micro-entity
accounts · AA
2025-08-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-11-03
accounts-with-accounts-type-micro-entity
accounts · AA
2024-07-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-21
change-person-director-company-with-change-date
officers · CH01
2023-11-21
accounts-with-accounts-type-micro-entity
accounts · AA
2023-07-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-01-25
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-01-25
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-01-25
accounts-with-accounts-type-micro-entity
accounts · AA
2023-01-24
gazette-filings-brought-up-to-date
gazette · DISS40
2022-11-18
dissolved-compulsory-strike-off-suspended
dissolution · DISS16(SOAS)
2022-10-12
gazette-notice-compulsory
gazette · GAZ1
2022-09-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-11-23