DULLAN RESOURCES LTD
🏛️Establishedactive
SC625830 · ltd · incorporated 2019-03-27
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
£68.9k
book net assets
Opportunity
77/100
Strong
What this business does
Primary activity: Construction of other civil engineering projects n.e.c.
Sector: Construction
Investor take
PursueAsset-holding vehicle with a 69-year-old founder — textbook succession opportunity.
Opportunity 77/100 (strong), bankability 75/100. Strong seller-intent signal (60/100, director aged 69). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -31% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (73/100).
Data confidence
Overall: medium (79/100)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
2 active PSC(s) of 3 total, 3 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
27 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 · accounting standard not declaredPositive net assets
Net assets £68,940
Net assets shrinking
Down £36,315 YoY
Cash YoY
-31%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£42k
↓ 31% YoY
Net Worth
£69k
↓ 35% YoY
Current Assets
£49k
↓ 63% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Total assets | £70.4k | £107.4k |
| Current assets | £49.4k | £132.5k |
| Cash | £41.6k | £59.9k |
| Debtors | £7.8k | £72.6k |
| Net assets | £68.9k | £105.3k |
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 (21 events)Click to expand
- 2025-07-15📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-12-20📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-10-04📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-12-12📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-12-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-09-28📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2021-09-28📄change-person-director-company-with-change-dateofficers · CH01
- 2021-05-11📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2021-05-11📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2021-02-02📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-01-14📄appoint-person-director-company-with-name-dateofficers · AP01
- 2021-01-11➕PETTITT, Andrew John appointeddirector
- 2019-10-18📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2019-10-18📄change-person-director-company-with-change-dateofficers · CH01
- 2019-10-18📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2019-08-20📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2019-08-20📄change-person-director-company-with-change-dateofficers · CH01
- 2019-08-20📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2019-05-01📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2019-03-27🏢Company incorporatedAs DULLAN RESOURCES LTD
- 2019-03-27➕DONALD, June Grace appointeddirector
Owner dependency
78/100
High — earn-out structure requiredMaterial 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.
- +Founder age: Director aged approximately 69 — succession pressure is live.
- +No director turnover: Company is 7 years old with no director changes — suggests a very tight-knit founder team never broadened.
Succession & seller-readiness
56/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- primaryFounder aged 63+: Senior director is approximately 69. Approaching typical UK retirement age — succession thinking likely.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
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
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Andrew John Pettitt Individual · British · DOB 07/1957 · age 69 | 50–75% | 50–75% | board control50-75% shares · 50-75% voting · board control | 11/01/2021 |
Ms June Grace Donald Individual · British · DOB 06/1958 · age 68 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 27/03/2019 |
1 historic (ceased) PSC
- Mr Andrew John Pettittceased 30/04/2019· 50-75% shares · 50-75% voting · board control
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 · Construction · AB postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| J & D JOINERS LTD→ SC644561 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| J & M ELECTRICAL (ABERDEEN) LTD.→ SC201663 · est 1999 · no financials extracted | — | — | — | — | 26y | — | — |
| J M GARROW LIMITED→ SC220154 · est 2001 · no financials extracted | — | — | — | — | 24y | — | — |
| JAM CABLING LIMITED→ SC430364 · est 2012 · no financials extracted | — | — | — | — | 13y | — | — |
| JAMES A HENRY PLUMBING & HEATING LTD.→ SC243000 · est 2003 · no financials extracted | — | — | — | — | 23y | — | — |
| JAMES A. FORBES LTD→ SC688968 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| JAMES HALL JOINERY LIMITED→ SC473476 · est 2014 · no financials extracted | — | — | — | — | 12y | — | — |
| JAMES LAING & SONS LIMITED→ SC148011 · est 1993 · no financials extracted | — | — | — | — | 32y | — | — |
| JAMES LEES ELECTRICAL SERVICES LTD→ SC814777 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| JAMIESON DECORATING SERVICES LTD→ SC882636 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| JANS OFFSHORE SERVICES LTD→ SC775870 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| JASNOKE WELDING SERVICES LTD→ SC702170 · 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
Incorporated2019-03-27
Jurisdictionscotland
Primary SIC42990 — Construction of other civil engineering projects n.e.c.
Registered office
Dullan Brae House
53 Fife Street
Dufftown
Morayshire
AB55 4AP
Scotland
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-05-15
Last: 2025-05-01
Officers (2 active · 0 resigned)
DONALD, June Grace→
Activedirector · ~68y · appointed 2019-03-27
View their other companies + combined net worth →
PETTITT, Andrew John→
Activedirector · ~69y · appointed 2021-01-11
View their other companies + combined net worth →
Click a director name to see their full track record across all companies.
Recent filings (27 total)
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-07-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-10-04
confirmation-statement-with-updates
confirmation-statement · CS01
2023-05-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-12
confirmation-statement-with-updates
confirmation-statement · CS01
2022-05-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-31
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2021-09-28
change-person-director-company-with-change-date
officers · CH01
2021-09-28
confirmation-statement-with-updates
confirmation-statement · CS01
2021-05-11
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2021-05-11
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2021-05-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-02-02