THERMAL CONTRACTS (INDUSTRIAL) LTD
💤Zombieactive
SC586316 · ltd · incorporated 2018-01-22
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.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Feb 2025
Net worth
—
book net assets
Opportunity
76/100
Strong
What this business does
Primary activity: Other business support service activities n.e.c.
Sector: Administrative & support services
Investor take
PursueStrong opportunity: active trading company with strong profile and bankable structure.
Opportunity 76/100 (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 (73/100).
Data confidence
Overall: medium (76/100)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 (2 active, 2 linked, 1 with DOB)
80
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
25 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
76/100Strong
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
90
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 · accounting standard unknown| Metric | 2025-02-28 | 2024-02-29 |
|---|---|---|
| Average employees | 8 | 800 |
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
2
filings
- • 1 confirmation-statement
- • 1 accounts
Last 180 days
2
filings
- • 1 confirmation-statement
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (20 events)Click to expand
- 2026-02-05📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2025-02-27📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-11-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-10-18📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-10-10📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2022-02-11📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2022-02-08📄change-person-secretary-company-with-change-dateofficers · CH03
- 2022-02-08📄change-person-director-company-with-change-dateofficers · CH01
- 2022-01-27📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-07-30📄change-person-director-company-with-change-dateofficers · CH01
- 2021-07-30📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2021-04-16📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2021-02-28📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-06-17📄accounts-amended-with-accounts-type-micro-entityaccounts · AAMD
- 2019-10-22📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-10-21📄change-account-reference-date-company-previous-extendedaccounts · AA01
- 2018-01-22🏢Company incorporatedAs THERMAL CONTRACTS (INDUSTRIAL) LTD
- 2018-01-22➕MACDOUGALL, Ewan appointedsecretary
- 2018-01-22➕MACDOUGALL, Ewan appointeddirector
- 2018-01-22📄incorporation-companyincorporation · NEWINC
Owner dependency
88/100
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 62 — approaching natural succession window.
- +No director turnover: Company is 8 years old with no director changes — suggests a very tight-knit founder team never broadened.
Succession & seller-readiness
55/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- secondaryFounder aged 58+: Senior director is approximately 62. Early succession window.
- 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 |
|---|---|---|---|---|
Ewan Macdougall Individual · British · DOB 06/1964 · age 62 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 22/01/2018 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Similar companies
Active · Trade services · PH postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| CHARLES CONNELL & COMPANY LIMITED→ SC028024 · est 1950 | £25.00M £18.75M–£31.26M | — | — | 200 | 75y | 84 | 64y |
| CABERFEIDH HORIZONS→ SC274347 · est 2004 · no financials extracted | — | — | — | — | 21y | 83 | 79y |
| EPSCO LIMITED→ SC140759 · est 1992 | — | — | — | 2100 | 33y | 83 | 74y |
| SOFIA SPMU LIMITED→ SC786868 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| SPEY TURBO MACHINERY LTD→ SC551511 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| THE ABERDEEN ANGUS BEEF CLUB LIMITED→ SC232399 · est 2002 · no financials extracted | — | — | — | — | 23y | — | — |
| THE ABERDEEN-ANGUS CATTLE SOCIETY→ SC000926 · est 1879 · no financials extracted | — | — | — | — | 146y | — | — |
| THE HONEYPOT CHILDRENS NURSERY LIMITED→ SC197818 · est 1999 · no financials extracted | — | — | — | — | 26y | — | — |
| THE SECRET SALON LIMITED→ SC824777 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| TRANSLUTIONS LIMITED→ SC260027 · est 2003 · no financials extracted | — | — | — | — | 22y | — | — |
| TRAYNDALE GARDEN SERVICES LTD→ SC500422 · est 2015 · no financials extracted | — | — | — | — | 11y | — | — |
| TSG PERTH LIMITED→ SC353953 · est 2009 · no financials extracted | — | — | — | — | 17y | — | — |
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
Incorporated2018-01-22
Jurisdictionscotland
Primary SIC82990 — Other business support service activities n.e.c.
Registered office
West Inchmichael Farm
Errol
Perth
PH2 7RS
Filing status
Accounts
Next due: 2026-11-30
Last made up to: 2025-02-28
Confirmation statement
Next due: 2027-02-04
Last: 2026-01-21
Officers (2 active · 0 resigned)
Active
MACDOUGALL, Ewan→
Activedirector · ~62y · appointed 2018-01-22
View their other companies + combined net worth →
Click a director name to see their full track record across all companies.
Recent filings (25 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-02-23
accounts-with-accounts-type-micro-entity
accounts · AA
2026-02-05
accounts-with-accounts-type-micro-entity
accounts · AA
2025-02-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-22
accounts-with-accounts-type-micro-entity
accounts · AA
2023-11-30
confirmation-statement-with-updates
confirmation-statement · CS01
2023-01-25
accounts-with-accounts-type-micro-entity
accounts · AA
2022-10-18
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-10-10
confirmation-statement-with-updates
confirmation-statement · CS01
2022-02-11
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-02-11
change-person-secretary-company-with-change-date
officers · CH03
2022-02-08
change-person-director-company-with-change-date
officers · CH01
2022-02-08
accounts-with-accounts-type-micro-entity
accounts · AA
2022-01-27
change-person-director-company-with-change-date
officers · CH01
2021-07-30