DAVID WALLACE CONTRACTS LTD

🏛️Establishedactive

SC630344 · ltd · incorporated 2019-05-14

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 opening · high confidence

More negotiable than before — 3 signals weakening over the last 30 days.

· Hygiene score: 90 → 70
· Opportunity score: 76 → 68
· Bankability: 75 → 65
· Distress / opportunity: avoid → attractive

What changed my view

Last 30 days

Picture worsened over the last 30 days — 3 negative signals vs 1 positive.

↓Opportunity score: 76 → 68
↓Hygiene score: 90 → 70
↓Bankability: 75 → 65
↑Filings: 13 → 15
·Distress / opportunity: avoid → attractive

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 May 2025

Net worth

£32.4k

book net assets

Opportunity

68/100

Strong

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What this business does

Primary activity: Management consultancy activities other than financial management

Sector: Professional, scientific & technical

Investor take

Special-situation opportunity

Distressed professional-services with salvageable qualities — special-situations priority.

Opportunity 68/100 (strong), bankability 65/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -50% YoY — forensic review of receivables, stock turns, and creditor days. 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

Lenders & charges

Confirmed no charges registered

Directors & officers

2 officers (2 active, 2 linked, 2 with DOB)

Ownership & PSC

2 active PSC(s) of 2 total, 2 with control declared

Director network

Network not yet resolved

Filing history

15 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

68/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Adequate — check latest filings for context.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Some moderate concerns — review flags.

Signal strength

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared

Positive net assets

Net assets £32,369

Net assets shrinking

Down £22,359 YoY

Cash draining

Cash down 50% YoY

Cash YoY

-50%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£33k

↓ 50% YoY

Net Worth

£32k

↓ 41% YoY

Current Assets

£36k

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2025-05-31	2024-05-31
Total assets	£32.4k	£54.7k
Current assets	£35.6k	—
Cash	£33.3k	£66.4k
Debtors	£2.3k	—
Net assets	£32.4k	£54.7k

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

filings

Last 90 days

filings

• 1 gazette
• 1 dissolution
• 1 accounts

Last 180 days

filings

• 1 gazette
• 1 dissolution
• 1 accounts

Counts from Companies House filing history.

Corporate timeline (12 events)Click to expand

2026-05-26
📄
gazette-notice-voluntary
gazette · GAZ1(A)
2026-05-19
📄
dissolution-application-strike-off-company
dissolution · DS01
2026-04-20
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-04-28
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-05-07
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-05-15
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-05-11
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-03-27
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-05-14
🏢
Company incorporated
As DAVID WALLACE CONTRACTS LTD
2019-05-14
➕
WALLACE, David appointed
director
2019-05-14
➕
WALLACE, Pamela appointed
director
2019-05-14
📄
incorporation-company
incorporation · NEWINC

Owner dependency

100/100

Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

FACTORS

+Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
+Founder name in company name: Company name contains director surname "WALLACE" — strong identity link between founder and business.
+Founder age: Director aged approximately 69 — succession pressure is live.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
+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 signal

Multiple 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

1 high ·

Confirmation statement overdue

high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2026-05-27

Shareholders & ownership

2 active beneficial owners

Name	Shares	Voting rights	Nature of control	Notified
Mr David Wallace Individual · British · DOB 10/1957 · age 69	25–50%	25–50%	board control25-50% shares · 25-50% voting · board control	14/05/2019
Mrs Pamela Wallace Individual · British · DOB 09/1958 · age 68	25–50%	25–50%	board control25-50% shares · 25-50% voting · board control	14/05/2019

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

8 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

Incorporated2019-05-14

Jurisdictionscotland

Primary SIC70229 — Management consultancy activities other than financial management

Registered office

Beechwood North Beach Road

Balmedie

Aberdeen

AB23 8XG

Scotland

Filing status

Accounts

Next due: 2027-02-28

Last made up to: 2025-05-31

Confirmation statement

Next due: 2026-05-27OVERDUE

Last: 2025-05-13

Officers (2 active · 0 resigned)

WALLACE, David→

director · ~69y · appointed 2019-05-14

View their other companies + combined net worth →

Active

WALLACE, Pamela→

director · ~68y · appointed 2019-05-14

View their other companies + combined net worth →

Active

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

Recent filings (15 total)

gazette-notice-voluntary

gazette · GAZ1(A)

2026-05-26

dissolution-application-strike-off-company

dissolution · DS01

2026-05-19