LONGMORN RIGGING SERVICES LTD

🏛️Establishedactive
SC616668 · ltd · incorporated 2018-12-20
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.
Why now
Window steady · low confidence
Stable recent picture — watch for any upcoming trigger event.
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 Mar 2025
Net worth
£-305
book net assets
Opportunity
77/100
Strong
🔔
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What this business does
Primary activity: SIC 33190
Sector: Manufacturing
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

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
2 officers (2 active, 2 linked, 2 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)
Negative net assets
Liabilities exceed assets by £305

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
-£305
↑ 69% YoY
Current Assets
£4k
↓ 14% YoY
Current Liabilities
—
-£981£165£1k£2k£4k£5kMar 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£-305£-741
Current assets£4.1k£4.8k
Net assets£-305£-981

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 (18 events)Click to expand
  1. 2025-05-22
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-01-29
    📄
    legacy
    miscellaneous · RPCH01
  3. 2024-06-03
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2023-12-13
    📄
    change-person-director-company-with-change-date
    officers · CH01
  5. 2023-12-13
    📄
    change-person-director-company-with-change-date
    officers · CH01
  6. 2023-12-13
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  7. 2023-12-13
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  8. 2023-08-30
    📄
    accounts-amended-with-accounts-type-total-exemption-full
    accounts · AAMD
  9. 2023-08-01
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2022-06-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2021-06-03
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2020-06-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2020-05-20
    ➕
    DOCHERTY, Yvonne appointed
    director
  14. 2020-05-20
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  15. 2020-04-30
    📄
    change-account-reference-date-company-previous-extended
    accounts · AA01
  16. 2018-12-20
    🏢
    Company incorporated
    As LONGMORN RIGGING SERVICES LTD
  17. 2018-12-20
    ➕
    DOCHERTY, John appointed
    director
  18. 2018-12-20
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

79/100
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 61 — approaching natural succession window.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
  • +No director turnover: Company is 8 years old with no director changes — suggests a very tight-knit founder team never broadened.

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 61. 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 · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr John Docherty
Individual · British · DOB 02/1965 · age 61
75–100%
75–100%board control75-100% shares · 75-100% voting · board control20/12/2018

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

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——470015y8262y
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£331.6k
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——9150y8775y
ANTA SCOTLAND LIMITED→
SC156285 · est 1995
———3031y8369y
JAMES JOHNSTON & CO. OF ELGIN LIMITED→
SC022553 · est 1943 · no financials extracted
————82y8370y
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——£418.0k—15y8358y
MUNRO SAWMILLS LTD.→
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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
Incorporated2018-12-20
Jurisdictionscotland
Primary SIC33190 — SIC 33190

Registered office

Hopes & Co Accounting
14 Chanonry Road South
Elgin
IV30 6NG
Scotland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-12-24
Last: 2025-12-10

Officers (2 active · 0 resigned)

DOCHERTY, John→
director · ~61y · appointed 2018-12-20
View their other companies + combined net worth →
Active
DOCHERTY, Yvonne→
director · ~50y · appointed 2020-05-20
View their other companies + combined net worth →
Active

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
2025-12-12
accounts-with-accounts-type-micro-entity
accounts · AA
2025-05-22
legacy
miscellaneous · RPCH01
2025-01-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-10
accounts-with-accounts-type-micro-entity
accounts · AA
2024-06-03
confirmation-statement-with-updates
confirmation-statement · CS01
2023-12-13
change-person-director-company-with-change-date
officers · CH01
2023-12-13
change-person-director-company-with-change-date
officers · CH01
2023-12-13
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-12-13
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-12-13
accounts-amended-with-accounts-type-total-exemption-full
accounts · AAMD
2023-08-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-08-01
confirmation-statement-with-updates
confirmation-statement · CS01
2023-01-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-06-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-12-20