NTB GROUNDWORKS LTD

🚨Distressedactive
SC692614 · ltd · incorporated 2021-03-17
Investment thesis
Attractive distress candidate — real problems but workable structure.
Why interesting: Falling signals but no deal-breakers yet; room for negotiation and turnaround.
Why risky: Signals worsening; needs speed and capital discipline.
🔒Estimated value
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Turnover
year to Mar 2024
Net worth
£-1.1k
book net assets
Opportunity
61/100
Worth a look
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What this business does
Primary activity: Site preparation
Sector: Construction
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 61/100 (worth a look), bankability 55/100. 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: distressed disposal / insolvency (65/100).

Data confidence

Overall: high (80/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

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 (2 active, 3 linked, 3 with DOB)
90
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
15 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
Negative net assets
Liabilities exceed assets by £1,077

Key financials

2 years extracted from filed iXBRL accounts
Cash
£9k
Net Worth
-£1k
Current Assets
£44k
Current Liabilities
-£1k£8k£17k£26k£35k£44kMar 2023Mar 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-03-312023-03-31
Total assets£8.8k
Current assets£43.6k
Cash£8.6k
Debtors£35.1k
Net assets£-1.1k

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
0
filings
Last 90 days
0
filings
Last 180 days
1
filing
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (15 events)Click to expand
  1. 2025-11-13
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  2. 2024-09-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-12-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-07-18
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  5. 2023-07-18
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  6. 2023-07-18
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  7. 2023-07-18
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  8. 2023-07-18
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  9. 2023-07-11
    KELLY, Jack William appointed
    director
  10. 2023-07-11
    WATSON, Wendy appointed
    director
  11. 2023-07-11
    BROOME, Neil Thompson resigned
    director
  12. 2022-12-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2021-03-17
    🏢
    Company incorporated
    As NTB GROUNDWORKS LTD
  14. 2021-03-17
    BROOME, Neil Thompson appointed
    director
  15. 2021-03-17
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

58/100
Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.

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

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: 2025-12-31

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Ms Wendy Watson
Individual · British · DOB 03/1970 · age 56
75100%
75–100%board control75-100% shares · 75-100% voting · board control11/07/2023
1 historic (ceased) PSC
  • Mr Neil Thompson Broomeceased 11/07/2023· 75-100% shares · 75-100% voting · board control

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

🔒Co-director network graph

Radial SVG graph showing every company connected via shared directors, colour-coded by status.

Available from the Pro tier upwards.

See pricing →

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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
Incorporated2021-03-17
Jurisdictionscotland
Primary SIC43120 — Site preparation

Registered office

55 Hartrigge Crescent
Jedburgh
Roxburghshire
TD8 6HT
Scotland

Filing status

Accounts
Next due: 2025-12-31OVERDUE
Last made up to: 2024-03-31
Confirmation statement
Next due: 2026-10-25
Last: 2025-10-11

Officers (2 active · 1 resigned)

KELLY, Jack William
director · ~29y · appointed 2023-07-11
View their other companies + combined net worth →
Active
WATSON, Wendy
director · ~56y · appointed 2023-07-11
View their other companies + combined net worth →
Active
BROOME, Neil Thompson
director · ~47y · appointed 2021-03-17 · resigned 2023-07-11
Resigned

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

Recent filings (15 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-16
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-11-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-11-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-22
confirmation-statement-with-updates
confirmation-statement · CS01
2023-10-11
appoint-person-director-company-with-name-date
officers · AP01
2023-07-18
appoint-person-director-company-with-name-date
officers · AP01
2023-07-18
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2023-07-18
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-07-18
termination-director-company-with-name-termination-date
officers · TM01
2023-07-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-18
incorporation-company
incorporation · NEWINC
2021-03-17