DULCIAN ASSOCIATES LTD

💤Zombieactive

SC715020 · ltd · incorporated 2021-11-15

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.

Why now

Window steady · high confidence

Thesis has shifted recently — watch for confirmation.

· Lifecycle stage: early → zombie
· Investment thesis: growth_story → zombie_hold
· Deal-killer verdict: clean → complicated
· Hygiene score: 90 → 80

Opportunity decay

drifting distress · 6-months

Drifting toward distress — expect more negotiability in 3–6 months, but also more friction.

· Lifecycle stage drifting downward
· Currently "zombie"

What changed my view

Last 30 days

Picture worsened over the last 30 days — 4 negative signals vs 0 positive.

↓Lifecycle stage: early → zombie
·Investment thesis: growth_story → zombie_hold
↓Deal-killer verdict: clean → complicated
↓Hygiene score: 90 → 80
↓PSC count: 2 → 0

Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Nov 2024

Net worth

£20.9k

book net assets

Opportunity

67/100

Strong

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What this business does

Primary activity: Management consultancy activities other than financial management

Sector: Professional, scientific & technical

ALSO REGISTERED FOR

78300Human resources provision and management of human resources functions
82990Other business support service activities n.e.c.

Investor take

Pursue

Asset-holding vehicle. Reasonable fundamentals — worth a memo before deciding.

Opportunity 67/100 (strong), bankability 70/100. Most likely exit: share sale to pe / searcher (58/100).

Data confidence

Overall: low (47/100)

Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.

Company profile

address, 3 SIC codes, incorporation date

100

Financials

2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed

Lenders & charges

No charge records returned

Directors & officers

No officers data

Ownership & PSC

No PSC data returned

Director network

Network not yet resolved

Filing history

No filing history

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

67/100Strong

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 · accounting standard not declared

Positive net assets

Net assets £20,907

Net assets shrinking

Down £412 YoY

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

£21k

↓ 1.9% YoY

Current Assets

£21k

↓ 8.2% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2024-11-30	2023-11-30
Total assets	£21.3k	£23.2k
Current assets	£21.3k	£23.2k
Net assets	£20.9k	£21.3k

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

Corporate timeline (1 events)Click to expand

2021-11-15
🏢
Company incorporated
As DULCIAN ASSOCIATES LTD

Owner dependency

50/100

Moderate — manageable with handover

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

Succession & seller-readiness

30/100

Weak signal

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

Red flags

clean

No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Similar companies

Active · Professional services · KY postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
ANCER RECRUITMENT LTD.→ SC205893 · est 2000	—	—	—	5200	26y	83	62y
FERSA LTD→ SC219538 · est 2001	—	—	—	4	25y	83	63y
FLORIDRON LIMITED→ SC132297 · est 1991	—	—	£747.5k	—	35y	83	69y
LAURENCE GOULD PARTNERSHIP LIMITED→ SC124767 · est 1990 · no financials extracted	—	—	—	—	36y	83	72y
PHOTOSYNERGY LIMITED→ SC220986 · est 2001 · no financials extracted	—	—	—	—	25y	83	58y
PVX LIMITED→ SC397170 · est 2011	—	—	£144.0k	—	15y	83	59y
AVENUE SCOTLAND LIMITED→ SC147452 · est 1993	—	—	£87.8k	—	32y	82	73y
BALGAY FARMING COMPANY LIMITED→ SC093170 · est 1985	—	—	—	200	41y	82	79y
CAIRNSMILL LIMITED→ SC144163 · est 1993 · no financials extracted	—	—	—	—	33y	82	74y
CDLH LIMITED→ SC379307 · est 2010	—	—	—	100	16y	82	67y
DRYBURGH ASSOCIATES LIMITED→ SC367732 · est 2009	—	—	—	900	16y	82	68y
FASTTRAC DESIGN LIMITED→ SC297992 · est 2006	—	—	£4.3k	—	20y	82	65y

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.

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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.

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Company details

Statusactive

Typeltd

Incorporated2021-11-15

Jurisdictionscotland

Primary SIC70229 — Management consultancy activities other than financial management

Registered office

The Stables

Pittenweem Road

Anstruther

Fife

KY10 3DS

Scotland

Filing status

Accounts

Next due: 2027-08-31

Last made up to: 2025-11-30

Confirmation statement

Next due: 2026-11-18

Last: 2025-11-04