QTS CONTRACTS (NORTH) LTD
💤Zombieactive
SC654282 · ltd · incorporated 2020-02-12
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 Dec 2025
Net worth
—
book net assets
Opportunity
72/100
Strong
What this business does
Primary activity: Plumbing, heat and air-conditioning installation
Sector: Construction
Investor take
PursueStrong opportunity: active trading company with strong profile and bankable structure.
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. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (58/100).
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
3 officers (1 active, 3 linked, 3 with DOB)
90
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
23 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
72/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
65
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Average employees | 1200 | 500 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
Recent activity
Last 30 days
0
filings
Last 90 days
1
filing
- • 1 accounts
Last 180 days
1
filing
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (23 events)Click to expand
- 2026-03-17📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-02-26📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-02-24📄change-account-reference-date-company-previous-shortenedaccounts · AA01
- 2024-11-29📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-09-12📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-03-18➖FOREMAN, Iain resigneddirector
- 2024-03-18📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2024-03-18📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-03-18📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2024-03-13📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2023-11-27📄accounts-with-accounts-type-dormantaccounts · AA
- 2023-05-13📄gazette-filings-brought-up-to-dategazette · DISS40
- 2023-05-02📄gazette-notice-compulsorygazette · GAZ1
- 2023-03-27📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-03-21➖ANDERSON, Iain resigneddirector
- 2022-11-29📄accounts-with-accounts-type-dormantaccounts · AA
- 2021-11-05📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2021-06-17📄accounts-with-accounts-type-dormantaccounts · AA
- 2020-02-12🏢Company incorporatedAs QTS CONTRACTS (NORTH) LTD
- 2020-02-12➕MORRISON, Kenneth David appointeddirector
- 2020-02-12➕ANDERSON, Iain appointeddirector
- 2020-02-12➕FOREMAN, Iain appointeddirector
- 2020-02-12📄incorporation-companyincorporation · NEWINC
Owner dependency
75/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Sole director: Only one active director — all governance concentrated on one person.
Succession & seller-readiness
45/100
Moderate signalSome succession indicators present. Worth watching; approach if sector/strategy fits.
SIGNALS
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
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
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Kenneth David Morrison Individual · British · DOB 02/1981 · age 45 | 75–100% | 75–100% | 75-100% shares · 75-100% voting | 18/03/2024 |
1 historic (ceased) PSC
- Mr Iain Foremanceased 18/03/2024· 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.
Similar companies
Active · Construction · PH postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| MCNICOL PLUMBING & HEATING SERVICES LTD→ SC771152 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| NME ELECTRICAL LTD→ SC884084 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| ON FIBRE LTD→ SC787434 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| ORCHIL CONSULTING LIMITED→ SC446574 · est 2013 · no financials extracted | — | — | — | — | 13y | — | — |
| PK BASILICA LTD→ SC853447 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| PMM DEVELOPMENTS LIMITED→ SC410165 · est 2011 · no financials extracted | — | — | — | — | 14y | — | — |
| PORTBANE LTD→ SC764934 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| POTTER PLUMBING AND HEATING (G.B.) LIMITED→ SC074463 · est 1981 · no financials extracted | — | — | — | — | 45y | — | — |
| QUARRY CONSTRUCTION LTD→ SC496171 · est 2015 · no financials extracted | — | — | — | — | 11y | — | — |
| R BROWN CONSULTANCY LTD→ SC683339 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| R. MCGUINNESS BRICKLAYERS LIMITED→ SC339275 · est 2008 · no financials extracted | — | — | — | — | 18y | — | — |
| R.E. CAMPBELL (JOINERY) LIMITED→ SC058204 · est 1975 · no financials extracted | — | — | — | — | 50y | — | — |
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
Incorporated2020-02-12
Jurisdictionscotland
Primary SIC43220 — Plumbing, heat and air-conditioning installation
Registered office
27 Friarton Road
Perth
PH2 8DF
Scotland
Filing status
Accounts
Next due: 2027-09-30
Last made up to: 2025-12-31
Confirmation statement
Next due: 2026-07-02
Last: 2025-06-18
Officers (1 active · 2 resigned)
MORRISON, Kenneth David→
Activedirector · ~45y · appointed 2020-02-12
View their other companies + combined net worth →
ANDERSON, Iain→
Resigneddirector · ~45y · appointed 2020-02-12 · resigned 2023-03-21
FOREMAN, Iain→
Resigneddirector · ~62y · appointed 2020-02-12 · resigned 2024-03-18
Click a director name to see their full track record across all companies.
Recent filings (23 total)
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-03-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-02-26
change-account-reference-date-company-previous-shortened
accounts · AA01
2025-02-24
accounts-with-accounts-type-micro-entity
accounts · AA
2024-11-29
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-09-12
confirmation-statement-with-updates
confirmation-statement · CS01
2024-06-18
confirmation-statement-with-updates
confirmation-statement · CS01
2024-03-29
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-03-18
termination-director-company-with-name-termination-date
officers · TM01
2024-03-18
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-03-18
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-03-13
accounts-with-accounts-type-dormant
accounts · AA
2023-11-27
gazette-filings-brought-up-to-date
gazette · DISS40
2023-05-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-12