NORTH EAST CUSTOM COATINGS LIMITED

💤Zombieactive
SC738283 · ltd · incorporated 2022-07-13
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 · low confidence
Steady and stalled — no momentum either way. Needs an approach trigger.
What changed my view
Last 30 days

No material changes in the last 30 days.

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 Jul 2024
Net worth
£2
book net assets
Opportunity
62/100
Worth a look
🔔
Follow this company (free)
Email alerts on filings, charges, director changes, gazette notices. No account needed.

Unsubscribe any time from any email. GDPR-respectful.

What this business does
Primary activity: SIC 45200
Sector: Wholesale & retail
Investor take
Special-situation opportunity
Distressed automotive with salvageable qualities — special-situations priority.

Opportunity 62/100 (worth a look), bankability 60/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: Confirmation statement overdue. Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal. Most likely exit: share sale to pe / searcher (58/100).

Data confidence

Overall: medium (79/100)

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 3 total, 3 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
17 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
62/100Worth 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
55
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 £2

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
£2
~ YoY
Current Assets
Current Liabilities
£0£0£1£1£2£2Jul 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£2£2
Debtors£2£2
Net assets£2£2

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 (19 events)Click to expand
  1. 2025-07-31
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  2. 2024-03-28
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  3. 2024-03-28
    📄
    second-filing-of-confirmation-statement-with-made-up-date
    confirmation-statement · RP04CS01
  4. 2024-03-27
    CHAPMAN, Michael appointed
    director
  5. 2024-03-27
    CHAPMAN, Dylan Robert resigned
    director
  6. 2024-03-27
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  7. 2024-03-27
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  8. 2024-03-27
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  9. 2024-03-27
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  10. 2024-03-27
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  11. 2024-03-27
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  12. 2023-02-03
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  13. 2023-02-03
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  14. 2023-02-03
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  15. 2022-07-13
    🏢
    Company incorporated
    As NORTH EAST CUSTOM COATINGS LIMITED
  16. 2022-07-13
    CHAPMAN, Dylan Robert appointed
    director
  17. 2022-07-13
    CHAPMAN, Michael appointed
    director
  18. 2022-07-13
    CHAPMAN, Michael resigned
    director
  19. 2022-07-13
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

75/100
High — earn-out structure required

Material 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 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 ·
Confirmation statement overdue
high

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

Evidence: Next due: 2026-04-10

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Michael Chapman
Individual · British · DOB 07/1974 · age 52
75100%
75–100%board control75-100% shares · 75-100% voting · board control27/03/2024
2 historic (ceased) PSCs
  • Mr Dylan Robert Chapmanceased 27/03/2024· 25-50% shares · 25-50% voting · board control
  • Mr Michael Chapmanceased 13/07/2022· 25-50% shares · 25-50% 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 →

Similar companies

Active · Automotive · AB postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
COLIN LAWSON TRANSPORT LIMITED
SC268596 · est 2004
£1.64M
£1.31M£1.97M
£8.74M730022y8759y
BREAKING POINT LIMITED
SC167411 · est 1996
£22.6k29y8361y
CARS RECOVERY LIMITED
SC334403 · est 2007
£186.5k18y8368y
MACDUFF DIESELS LTD.
SC177616 · est 1997
£909.3k28y8370y
WESTFIELD MOTORS (PETERHEAD) LIMITED
SC234665 · est 2002
£600.4k23y8384y
A. W. AUTOTECH LIMITED
SC172396 · est 1997
£527.7k29y8259y
ALAN J. ROSS MOTOR ENGINEERS LTD.
SC178820 · est 1997
£388.8k28y8272y
BRIDGE OF DON GARAGE LIMITED
SC285473 · est 2005
£163.5k21y8265y
CAMERON AUTOTECH LIMITED
SC241160 · est 2002
£1.27M23y8265y
CITYVOE LIMITED
SC274365 · est 2004
70021y8263y
COTTAGE CARS (ABERDEEN) LTD.
SC350432 · est 2008
17y8265y
CROWN MOTORS (A & I) LIMITED
SC128540 · est 1990
£2.41M35y8266y
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.

See pricing →

Company details

Statusactive
Typeltd
Incorporated2022-07-13
Jurisdictionscotland
Primary SIC45200 — SIC 45200

Registered office

5 Carden Place
Aberdeen
AB10 1UT
Scotland

Filing status

Accounts
Next due: 2026-07-31
Last made up to: 2024-07-31
Confirmation statement
Next due: 2026-04-10OVERDUE
Last: 2025-03-27

Officers (1 active · 2 resigned)

CHAPMAN, Michael
director · ~52y · appointed 2024-03-27
View their other companies + combined net worth →
Active
CHAPMAN, Dylan Robert
director · ~27y · appointed 2022-07-13 · resigned 2024-03-27
Resigned
CHAPMAN, Michael
director · ~52y · appointed 2022-07-13 · resigned 2022-07-13
Resigned

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

Recent filings (17 total)

accounts-with-accounts-type-dormant
accounts · AA
2025-07-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-31
accounts-with-accounts-type-dormant
accounts · AA
2024-03-28
second-filing-of-confirmation-statement-with-made-up-date
confirmation-statement · RP04CS01
2024-03-28
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-03-27
termination-director-company-with-name-termination-date
officers · TM01
2024-03-27
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-03-27
confirmation-statement-with-updates
confirmation-statement · CS01
2024-03-27
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-03-27
appoint-person-director-company-with-name-date
officers · AP01
2024-03-27
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-03-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-05
confirmation-statement-with-updates
confirmation-statement · CS01
2023-02-03
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-02-03
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-02-03