SWIFTHEAT LTD

🏛️Establishedactive

SC633445 · ltd · incorporated 2019-06-14

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.

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Jun 2025

Net worth

£-35.7k

book net assets

Opportunity

72/100

Strong

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What this business does

Primary activity: Treatment and coating of metals

Sector: Manufacturing

Investor take

Pass (distressed without resilience)

Distressed active trading company — structural issues outweigh the discount.

Opportunity 72/100 (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: distressed disposal / insolvency (65/100).

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

13 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

72/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Adequate — check latest filings for context.

Acquirability

Some acquirability indicators.

Risk profile

Few red flags.

Signal strength

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102

Negative net assets

Liabilities exceed assets by £35,709

Net assets shrinking

Down £35,849 YoY

Cash YoY

+1236%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£142k

↑ 1236% YoY

Net Worth

-£36k

↓ 25606% YoY

Current Assets

£487k

↓ 2.6% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102

Metric	2025-06-30	2024-06-30
Total assets	£-1.2k	£42.5k
Current assets	£486.8k	£499.8k
Cash	£142.5k	£10.7k
Debtors	£344.3k	£489.1k
Net assets	£-35.7k	£140

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

2 signals 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

filing

• 1 accounts

Last 180 days

filing

• 1 accounts

Counts from Companies House filing history.

Corporate timeline (10 events)Click to expand

2026-03-30
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-03-31
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-04-04
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-03-30
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-03-30
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-03-19
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-06-14
🏢
Company incorporated
As SWIFTHEAT LTD
2019-06-14
➕
DUNDAS, Barry appointed
director
2019-06-14
➕
FRASER, Thomas Andrew appointed
director
2019-06-14
📄
incorporation-company
incorporation · NEWINC

Owner dependency

63/100

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.
+No director turnover: Company is 7 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

36/100

Weak signal

Limited succession signal. Not a near-term off-market candidate.

SIGNALS

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

2 active beneficial owners

Name	Shares	Voting rights	Nature of control	Notified
Mr Barry Dundas Individual · Scottish · DOB 01/1985 · age 41	25–50%	25–50%	board control25-50% shares · 25-50% voting · board control	14/06/2019
Mr Thomas Andrew Fraser Individual · Scottish · DOB 02/1992 · age 34	25–50%	25–50%	board control25-50% shares · 25-50% voting · board control	14/06/2019

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

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.

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Company details

Statusactive

Typeltd

Incorporated2019-06-14

Jurisdictionscotland

Primary SIC25610 — Treatment and coating of metals

Registered office

78 Forker Avenue

Rosyth

Dunfermline

KY11 2UG

Scotland

Filing status

Accounts

Next due: 2027-03-31

Last made up to: 2025-06-30

Confirmation statement

Next due: 2026-06-27

Last: 2025-06-13

Officers (2 active · 0 resigned)

DUNDAS, Barry→

director · ~41y · appointed 2019-06-14

View their other companies + combined net worth →

Active

FRASER, Thomas Andrew→

director · ~34y · appointed 2019-06-14

View their other companies + combined net worth →

Active

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