NOLAN CONTRACTS LTD.

💤Zombieactive
SC745819 · ltd · incorporated 2022-09-29
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
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Turnover
year to Sept 2024
Net worth
£35.4k
book net assets
Opportunity
67/100
Strong
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What this business does
Primary activity: Manufacture of other builders' carpentry and joinery
Sector: Manufacturing
Investor take
Pursue
Asset-holding vehicle. Reasonable fundamentals — worth a memo before deciding.

Opportunity 67/100 (strong), bankability 70/100. 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 (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
2 officers (1 active, 2 linked, 2 with DOB)
90
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
10 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
67/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
60
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
77
Few red 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 £35,435
Cash YoY
+214%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£7k
↑ 214% YoY
Net Worth
£35k
↑ 213% YoY
Current Assets
£32k
↑ 635% YoY
Current Liabilities
£0£7k£14k£21k£28k£35kSept 2023Sept 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-09-302023-09-30
Total assets£35.4k£11.3k
Current assets£31.8k£4.3k
Cash£7.3k£2.3k
Debtors£24.5k£2.0k
Net assets£35.4k£11.3k

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 (11 events)Click to expand
  1. 2025-10-10
    MCCUTCHEON, Robert James resigned
    director
  2. 2025-10-10
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  3. 2025-10-10
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  4. 2025-10-08
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  5. 2025-06-19
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  6. 2025-05-06
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  7. 2024-06-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2022-09-29
    🏢
    Company incorporated
    As NOLAN CONTRACTS LTD.
  9. 2022-09-29
    NOLAN, James appointed
    director
  10. 2022-09-29
    MCCUTCHEON, Robert James appointed
    director
  11. 2022-09-29
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

90/100
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.
  • +Founder name in company name: Company name contains director surname "NOLAN" — strong identity link between founder and business.

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 med ·
Name changed recently
medium

Name changes can be benign (rebrand) but can also precede distress, phoenix activity, or buyer concealment.

Evidence: 2025-10-08: certificate-change-of-name-company

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr James Nolan
Individual · British · DOB 06/1990 · age 36
2550%
25–50%board control25-50% shares · 25-50% voting · board control29/09/2022
1 historic (ceased) PSC
  • Mr Robert James Mccutcheonceased 10/10/2025· 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 →

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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
Incorporated2022-09-29
Jurisdictionscotland
Primary SIC16230 — Manufacture of other builders' carpentry and joinery

Registered office

240 Brown Street
Paisley
PA1 2SN
Scotland

Filing status

Accounts
Next due: 2026-06-30
Last made up to: 2024-09-30
Confirmation statement
Next due: 2026-10-11
Last: 2025-09-27

Officers (1 active · 1 resigned)

NOLAN, James
director · ~36y · appointed 2022-09-29
View their other companies + combined net worth →
Active
MCCUTCHEON, Robert James
director · ~40y · appointed 2022-09-29 · resigned 2025-10-10
Resigned

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

Recent filings (10 total)

termination-director-company-with-name-termination-date
officers · TM01
2025-10-10
confirmation-statement-with-updates
confirmation-statement · CS01
2025-10-10
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-10-10
certificate-change-of-name-company
change-of-name · CERTNM
2025-10-08
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-06-19
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-05-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-09-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-06-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-24
incorporation-company
incorporation · NEWINC
2022-09-29