IGM ENERGY LTD

💤Zombieactive
SC666042 · ltd · incorporated 2020-07-02
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 2024
Net worth
£236
book net assets
Opportunity
61/100
Worth a look
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What this business does
Primary activity: Other publishing activities
Sector: Information & communication
ALSO REGISTERED FOR
  • 74909Other professional, scientific and technical activities n.e.c.
  • 82990Other business support service activities n.e.c.
Investor take
Special-situation opportunity
Distressed technology with salvageable qualities — special-situations priority.

Opportunity 61/100 (worth a look), bankability 55/100. 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: strategic trade sale (40/100).

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, 3 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
10 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
61/100Worth a look
PassWatchWorth a lookStrongExceptional 

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

Business quality
50
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £236

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
£236
↑ 16% YoY
Current Assets
£236
↑ 16% YoY
Current Liabilities
£0£47£94£142£189£236Jul 2023Jul 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-07-312023-07-31
Total assets£236£204
Current assets£236£204
Net assets£236£204

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
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (7 events)Click to expand
  1. 2025-05-01
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-05-25
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2023-01-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2022-01-02
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2020-07-02
    🏢
    Company incorporated
    As IGM ENERGY LTD
  6. 2020-07-02
    SIMM, Ian George Murray appointed
    director
  7. 2020-07-02
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

80/100
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.
  • +No director turnover: Company is 6 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

45/100
Moderate signal

Some 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

1 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: 2026-04-30

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mrs Olesya Mcdonald
Individual · British · DOB 04/1976 · age 50
2550%
25–50%25-50% shares · 25-50% voting02/07/2020
Mr Ian George Murray Simm
Individual · British · DOB 10/1984 · age 42
2550%
25–50%25-50% shares · 25-50% voting02/07/2020

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

9 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
Incorporated2020-07-02
Jurisdictionscotland
Primary SIC58190 — Other publishing activities

Registered office

24 Palmerston Place
Edinburgh
EH12 5AL
United Kingdom

Filing status

Accounts
Next due: 2026-04-30OVERDUE
Last made up to: 2024-07-31
Confirmation statement
Next due: 2026-05-14
Last: 2025-04-30

Officers (1 active · 0 resigned)

SIMM, Ian George Murray
director · ~42y · appointed 2020-07-02
View their other companies + combined net worth →
Active

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

Recent filings (10 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2025-05-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-30
accounts-with-accounts-type-micro-entity
accounts · AA
2024-05-25
confirmation-statement-with-updates
confirmation-statement · CS01
2024-04-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-08-12
accounts-with-accounts-type-micro-entity
accounts · AA
2023-01-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-07-14
accounts-with-accounts-type-micro-entity
accounts · AA
2022-01-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-08-16
incorporation-company
incorporation · NEWINC
2020-07-02