DRUMHILL CAPITAL ADVISORS LTD

💤Zombieactive
SC635878 · ltd · incorporated 2019-07-11
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 Jul 2022
Net worth
£201
book net assets
Opportunity
58/100
Worth a look
🔔
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What this business does
Primary activity: Financial management
Sector: Professional, scientific & technical
Investor take
Special-situation opportunity
Distressed professional-services with salvageable qualities — special-situations priority.

Opportunity 58/100 (worth a look), bankability 45/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: share sale to pe / searcher (53/100). Current lenders should be on monthly review.

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
1 officers (1 active, 1 linked, 1 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
21 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
58/100Worth a look
PassWatchWorth a lookStrongExceptional 

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality
40
Concerning — overdue filings or status flags present.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
49
Multiple red flags — proceed with caution.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £201
Net assets shrinking
Down £95,679 YoY
Cash draining
Cash down 74% YoY
Cash YoY
-74%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£31k
↓ 74% YoY
Net Worth
£201
↓ 100% YoY
Current Assets
£45k
↓ 66% YoY
Current Liabilities
£0£26k£52k£78k£103k£129kJul 2021Jul 2022

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2022-07-312021-07-31
Total assets£201£95.9k
Current assets£44.6k£129.3k
Cash£30.9k£116.8k
Debtors£13.7k£12.5k
Net assets£201£95.9k

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. 2024-07-16
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  2. 2024-07-02
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  3. 2023-08-03
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  4. 2023-01-18
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  5. 2022-10-08
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  6. 2022-09-27
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  7. 2021-12-14
    📄
    change-person-director-company-with-change-date
    officers · CH01
  8. 2021-12-11
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  9. 2021-12-11
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  10. 2021-12-08
    📄
    change-person-director-company-with-change-date
    officers · CH01
  11. 2021-12-08
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  12. 2021-12-08
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  13. 2021-04-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2020-06-04
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  15. 2020-06-04
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  16. 2019-07-11
    🏢
    Company incorporated
    As DRUMHILL CAPITAL ADVISORS LTD
  17. 2019-07-11
    MIDDLETON, Dougald Gemmell appointed
    director
  18. 2019-07-11
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

88/100
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
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +Senior director age: Director aged approximately 63 — approaching natural succession window.
  • +No director turnover: Company is 7 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

65/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 63. Approaching typical UK retirement age — succession thinking likely.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

Red flags

2 high ·
Accounts overdue
high

Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.

Evidence: Next due: 2024-04-30

Confirmation statement overdue
high

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

Evidence: Next due: 2025-06-18

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Dougald Gemmell Middleton
Individual · British · DOB 04/1963 · age 63
5075%
50–75%board control50-75% shares · 50-75% voting · board control11/07/2019
Amanda Cossar
Individual · British · DOB 11/1963 · age 63
2550%
25–50%25-50% shares · 25-50% voting27/05/2020

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

10 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
Incorporated2019-07-11
Jurisdictionscotland
Primary SIC70221 — Financial management

Registered office

83 Princes Street
Edinburgh
EH2 2ER
United Kingdom

Filing status

Accounts
Next due: 2024-04-30OVERDUE
Last made up to: 2022-07-31
Confirmation statement
Next due: 2025-06-18OVERDUE
Last: 2024-06-04

Officers (1 active · 0 resigned)

MIDDLETON, Dougald Gemmell
director · ~63y · appointed 2019-07-11
View their other companies + combined net worth →
Active

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

Recent filings (21 total)

gazette-filings-brought-up-to-date
gazette · DISS40
2024-07-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-15
gazette-notice-compulsory
gazette · GAZ1
2024-07-02
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-08-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-12
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-01-18
gazette-filings-brought-up-to-date
gazette · DISS40
2022-10-08
gazette-notice-compulsory
gazette · GAZ1
2022-09-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-06-10
change-person-director-company-with-change-date
officers · CH01
2021-12-14
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2021-12-11
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2021-12-11
change-person-director-company-with-change-date
officers · CH01
2021-12-08
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2021-12-08
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2021-12-08