STEADFAST INNOVATION LTD

💤Zombieactive
SC765746 · ltd · incorporated 2023-04-12
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 Apr 2025
Net worth
£-1.0k
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 22290
Sector: Manufacturing
ALSO REGISTERED FOR
  • 45200SIC 45200
  • 71122Engineering related scientific and technical consulting activities
  • 71129Other engineering activities
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

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: distressed disposal / insolvency (65/100).

Data confidence

Overall: medium (76/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, 4 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
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
6 filings
60
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 · FRS 105 (micro)
Negative net assets
Liabilities exceed assets by £1,007
Net assets shrinking
Down £2,152 YoY

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
-£1k
↓ 188% YoY
Current Assets
£2k
↓ 46% YoY
Current Liabilities
-£1k-£37£933£2k£3k£4kApr 2024Apr 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2025-04-302024-04-30
Total assets£-512£1.6k
Current assets£2.1k£3.8k
Net assets£-1.0k£1.1k

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
1
filing
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (6 events)Click to expand
  1. 2026-01-24
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-09-02
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  3. 2025-01-05
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2023-04-12
    🏢
    Company incorporated
    As STEADFAST INNOVATION LTD
  5. 2023-04-12
    MCEVOY, Stephen appointed
    director
  6. 2023-04-12
    📄
    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: 2026-04-25

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Stephen Mcevoy
Individual · Northern Irish · DOB 12/1990 · age 36
75100%
75–100%board control75-100% shares · 75-100% voting · board control12/04/2023

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

Similar companies

Active · Manufacturing · DG postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
EWART ENGINEERING LIMITED
SC049122 · est 1971
£1.94M
£1.51M£2.37M
£8.54M790054y8762y
COCHRAN SERVICES LTD
SC379462 · est 2010 · no financials extracted
15y8370y
H & I ENGINEERING LIMITED
SC053292 · est 1973
290052y8381y
HODDAM CONTRACTING COMPANY LIMITED
SC033012 · est 1958
4868y8360y
JAMES GORDON LIMITED
SC293893 · est 2005
£7.20M20y8376y
A & G KING TIMBER LIMITED
SC198132 · est 1999
£7.80M26y8284y
CASTLE TECHNOLOGIES (STRANRAER) LIMITED
SC377099 · est 2010
1216y8258y
DAVID REID LIMITED
SC292994 · est 2005
£11.1k20y8267y
JAMES SMITH FENCING LIMITED
SC486484 · est 2014 · no financials extracted
11y
KERR TIMBER PRODUCTS LIMITED
SC055579 · est 1974 · no financials extracted
51y
RINGFORD MOTOR SERVICES LIMITED
SC273731 · est 2004 · no financials extracted
21y
SABLEY LTD
SC486343 · est 2014 · no financials extracted
11y
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
Incorporated2023-04-12
Jurisdictionscotland
Primary SIC22290 — SIC 22290

Registered office

1 1 Shawfoot Cottages
Courance
Lockerbie
Dumfriesshire
DG11 1TU
United Kingdom

Filing status

Accounts
Next due: 2027-01-31
Last made up to: 2025-04-30
Confirmation statement
Next due: 2026-04-25OVERDUE
Last: 2025-04-11

Officers (1 active · 0 resigned)

MCEVOY, Stephen
director · ~36y · appointed 2023-04-12
View their other companies + combined net worth →
Active

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

Recent filings (6 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2026-01-24
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-09-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-14
accounts-with-accounts-type-micro-entity
accounts · AA
2025-01-05
confirmation-statement-with-updates
confirmation-statement · CS01
2024-04-26
incorporation-company
incorporation · NEWINC
2023-04-12