POLAR WELL SERVICES LTD
Opportunity 70/100 (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.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredKey financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-04-30 | 2024-04-30 |
|---|---|---|
| Total assets | £3.3k | £9.2k |
| Current assets | £19.4k | £23.3k |
| Cash | £13.9k | £8.1k |
| Debtors | £5.5k | £15.2k |
| Net assets | £3.3k | £9.2k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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
Corporate timeline (11 events)Click to expand
- 2025-07-08📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-10-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-09-05📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-09-05📄capital-allotment-sharescapital · SH01
- 2024-05-09📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2024-05-09📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-04-29📄capital-allotment-sharescapital · SH01
- 2023-06-02📄change-account-reference-date-company-current-shortenedaccounts · AA01
- 2023-05-24🏢Company incorporatedAs POLAR WELL SERVICES LTD
- 2023-05-24➕SWANKIE, Keith John appointeddirector
- 2023-05-24📄incorporation-companyincorporation · NEWINC
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Sole director: Only one active director — all governance concentrated on one person.
- +Young company: Only 2.9 years old — management layer unlikely to be developed.
Succession & seller-readiness
Some succession indicators present. Worth watching; approach if sector/strategy fits.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
Red flags
cleanShareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Keith John Swankie Individual · British · DOB 03/1972 · age 54 | 50–75% | 50–75% | board control50-75% shares · 50-75% voting · board control | 24/05/2023 |
Mrs Jacqueline Swankie Individual · British · DOB 07/1976 · age 50 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 06/04/2024 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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 · Manufacturing · DD postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| LT'S FABRICATION & MAINTENANCE LTD→ SC863999 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| PARRY'S PREMIUM SERVICES LTD→ SC576888 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| PDR PRECISION ENGINEERING LTD→ SC623023 · est 2019 · no financials extracted | — | — | — | — | 7y | — | — |
| R.BOYTER ELECTRICAL SERVICES LTD→ SC710075 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| RB WELL SERVICES LTD→ SC353518 · est 2009 · no financials extracted | — | — | — | — | 17y | — | — |
| RED DRAGON GEOLOGICAL LIMITED→ SC527517 · est 2016 · no financials extracted | — | — | — | — | 10y | — | — |
| RESERVOIR PETROPHYSICS LIMITED→ SC614343 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| RRC COMPLETIONS LTD→ SC625762 · est 2019 · no financials extracted | — | — | — | — | 7y | — | — |
| SADE BLAKE LTD→ SC798783 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| SAFETY RIGHT LTD→ SC422505 · est 2012 · no financials extracted | — | — | — | — | 13y | — | — |
| SALTIRE BUILDING SERVICES LTD→ SC879868 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| SALTIRE DRILLING SERVICES LIMITED→ SC489311 · est 2014 · no financials extracted | — | — | — | — | 11y | — | — |
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 →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
Registered office
Filing status
Officers (1 active · 0 resigned)
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