ROWAN DRILLING (UK) LIMITED

⚰️Wound downliquidation
SC061864 · ltd · incorporated 1977-03-07
Investment thesis
Company liquidation — not a live target.
Why interesting: Historical record only; useful for precedent research.
Why risky: Not transactable.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 5.6y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
34/100
Pass
🔔
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What this business does
Primary activity: Activities of head offices
Sector: Professional, scientific & technical
Investor take
Pass (distressed without resilience)
Distressed unclear — structural issues outweigh the discount.

Opportunity 34/100 (pass), bankability 30/100. Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: distressed disposal / insolvency (65/100). Current lenders should be on immediate intervention.

🏦

Refinance opportunity

4 live charges · oldest 5.6y

65/100
clean up first

Refinance viable after a tidy-up — address the highlighted items first.

  • · Oldest live charge is 5.6 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 40/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (59/100)

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
No iXBRL financials extracted
0
Lenders & charges
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
27 officers (4 active, 27 linked, 18 with DOB)
83
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
176 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
34/100Pass
PassWatchWorth a lookStrongExceptional 

Clear signal to pass. Time better spent elsewhere unless you have a specific strategic angle.

Business quality
0
Concerning — overdue filings or status flags present.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
5
Multiple red flags — proceed with caution.
Signal strength
100
Good data coverage for analysis.

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 (76 events)Click to expand
  1. 2024-10-08
    📄
    resolution
    resolution · RESOLUTIONS
  2. 2024-09-27
    📄
    capital-statement-capital-company-with-date-currency-figure
    capital · SH19
  3. 2024-09-27
    📄
    legacy
    capital · SH20
  4. 2024-09-27
    ⚠️
    legacy
    insolvency · CAP-SS
  5. 2024-09-27
    📄
    resolution
    resolution · RESOLUTIONS
  6. 2024-08-13
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  7. 2023-12-12
    📄
    capital-allotment-shares
    capital · SH01
  8. 2023-12-12
    📄
    change-account-reference-date-company-current-shortened
    accounts · AA01
  9. 2023-12-01
    📄
    capital-statement-capital-company-with-date-currency-figure
    capital · SH19
  10. 2023-12-01
    📄
    legacy
    capital · SH20
  11. 2023-12-01
    ⚠️
    legacy
    insolvency · CAP-SS
  12. 2023-12-01
    📄
    resolution
    resolution · RESOLUTIONS
  13. 2023-11-03
    📄
    change-account-reference-date-company-current-extended
    accounts · AA01
  14. 2023-07-20
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  15. 2023-07-20
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  16. 2023-06-26
    📄
    accounts-with-accounts-type-full
    accounts · AA
  17. 2023-04-24
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  18. 2023-04-24
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  19. 2023-04-24
    🔓
    Charge satisfied #4
  20. 2023-04-24
    🔓
    Charge satisfied #3
  21. 2023-01-11
    📄
    accounts-with-accounts-type-full
    accounts · AA
  22. 2022-10-04
    📄
    capital-statement-capital-company-with-date-currency-figure
    capital · SH19
  23. 2022-10-04
    📄
    legacy
    capital · SH20
  24. 2022-10-04
    ⚠️
    legacy
    insolvency · CAP-SS
  25. 2022-10-04
    📄
    resolution
    resolution · RESOLUTIONS
  26. 2021-04-30
    🔒
    Charge registered #4
    Lender: Wilmington Savings Fund Society, Fsb
  27. 2021-04-30
    🔒
    Charge registered #3
    Lender: Wilmington Savings Fund Society, Fsb
  28. 2021-04-30
    🔓
    Charge satisfied #2
  29. 2021-04-30
    🔓
    Charge satisfied #1
  30. 2020-11-17
    🔒
    Charge registered #2
    Lender: Wilmington Savings Fund Society, Fsb
  31. 2020-09-25
    🔒
    Charge registered #1
    Lender: Wilmington Savings Fund Society, Fsb
  32. 2019-06-15
    ➕
    CROSS, Jonathan Paul appointed
    secretary
  33. 2019-06-15
    ➕
    CROSS, Jonathan Paul appointed
    director
  34. 2019-06-15
    ➕
    MOONEY, Stephen Laurence appointed
    director
  35. 2019-06-15
    ➖
    MAI, Mark Francis resigned
    secretary
  36. 2019-06-15
    ➖
    BALDWIN, Dennis Scott resigned
    director
  37. 2019-06-15
    ➖
    GOBILLOT, Theodore David resigned
    director
  38. 2017-05-18
    ➖
    LOETHER, Geji Theresa resigned
    secretary
  39. 2017-05-18
    ➕
    MAI, Mark Francis appointed
    secretary
  40. 2017-04-30
    ➖
    TRENT, Melanie resigned
    secretary
  41. 2016-04-04
    ➕
    BALDWIN, Dennis Scott appointed
    director
  42. 2016-03-30
    ➖
    HATFIELD, Gregory Michael resigned
    director
  43. 2014-10-01
    ➖
    BARTOL, John Kevin resigned
    director
  44. 2014-10-01
    ➕
    GOBILLOT, Theodore David appointed
    director
  45. 2014-04-30
    ➕
    HATFIELD, Gregory Michael appointed
    director
  46. 2013-12-02
    ➕
    WILSON, Peter Henderson appointed
    director
  47. 2013-12-02
    ➖
    BURKE, Thomas Peter Horlick resigned
    director
  48. 2012-08-31
    ➕
    BARTOL, John Kevin appointed
    director
  49. 2012-08-31
    ➖
    WELLS, William Howard resigned
    director
  50. 2011-12-30
    ➖
    MARCOM, Michael Ray resigned
    director
Showing most recent 50 of 76 events

Owner dependency

58/100
Moderate — manageable with handover

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

FACTORS
  • +Senior director age: Director aged approximately 59 — approaching natural succession window.

Succession & seller-readiness

58/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 59. Early succession window.
  • secondary12+ year tenure: Director in role 12 years.
  • secondaryStable-but-static management: Company is 49 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

4 high · 1 med ·
Accounts overdue
high

Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.

Evidence: Next due: 2024-09-30

Confirmation statement overdue
high

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

Evidence: Next due: 2025-03-06

Company in liquidation
high

Company is actively being wound up. Not a going concern.

3 insolvency-related filings on record
high

Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.

Evidence: 2024-09-27: legacy; 2023-12-01: legacy

Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Group structure

Valaris Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Valaris Limited
Corporate parent · holds 75-100% shares
ultimate parent
⬇
ROWAN DRILLING (UK) LIMITED
This company · SC061864

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Valaris Limited
Corporate entity
75–100%
75–100%75-100% shares · 75-100% voting28/12/2022
2 historic (ceased) PSCs
  • Rowan No.1 Limitedceased 28/12/2022· 75-100% shares
  • Rowan Companies Limitedceased 06/04/2016· 75-100% shares

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

11 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

Statusliquidation
Typeltd
Incorporated1977-03-07
Jurisdictionscotland
Primary SIC70100 — Activities of head offices

Registered office

1 West Regent Street
Glasgow
G2 1AP
United Kingdom

Filing status

Accounts
Next due: 2024-09-30OVERDUE
Last made up to: 2022-12-31
Confirmation statement
Next due: 2025-03-06OVERDUE
Last: 2024-02-20

Officers (4 active · 23 resigned)

CROSS, Jonathan Paul→
secretary · appointed 2019-06-15
View their other companies + combined net worth →
Active
CROSS, Jonathan Paul→
director · ~47y · appointed 2019-06-15
View their other companies + combined net worth →
Active
MOONEY, Stephen Laurence→
director · ~43y · appointed 2019-06-15
View their other companies + combined net worth →
Active
WILSON, Peter Henderson→
director · ~59y · appointed 2013-12-02
View their other companies + combined net worth →
Active
DEEMER, Paul Caleb→
secretary · resigned 1996-03-08
Resigned
HAY, Mark Howell→
secretary · appointed 1989-06-15 · resigned 1990-07-18
Resigned
LOETHER, Geji Theresa→
secretary · appointed 2011-12-12 · resigned 2017-05-18
Resigned
MAI, Mark Francis→
secretary · appointed 2017-05-18 · resigned 2019-06-15
Resigned
MARCOM, Michael Ray→
secretary · appointed 1996-03-08 · resigned 2005-10-25
Resigned
TRENT, Melanie→
secretary · appointed 2005-10-25 · resigned 2017-04-30
Resigned
ANDERSON, Dorris Charles→
director · resigned 1990-07-18
Resigned
BALDWIN, Dennis Scott→
director · ~66y · appointed 2016-04-04 · resigned 2019-06-15
Resigned
BARTOL, John Kevin→
director · ~67y · appointed 2012-08-31 · resigned 2014-10-01
Resigned
BURKE, Thomas Peter Horlick→
director · ~59y · appointed 2011-08-30 · resigned 2013-12-02
Resigned
DEEMER, Paul Caleb→
director · ~79y · resigned 1996-03-08
Resigned
DUBOSE, Michael David→
director · ~66y · appointed 2004-04-21 · resigned 2009-11-01
Resigned
GOBILLOT, Theodore David→
director · ~61y · appointed 2014-10-01 · resigned 2019-06-15
Resigned
HATFIELD, Gregory Michael→
director · ~57y · appointed 2014-04-30 · resigned 2016-03-30
Resigned
MARCOM, Michael Ray→
director · ~72y · appointed 1992-09-01 · resigned 2011-12-30
Resigned
MCNEASE, Daniel Frank→
director · ~75y · appointed 2002-08-30 · resigned 2008-12-31
Resigned

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

Mortgages & charges

4
Total charges
0
Outstanding
0
Active lenders
Status:Lender:4 of 4 shown
TypeProperties
satisfied
Wilmington Savings Fund Society, Fsb
A registered charge7 properties30/04/202124/04/2023
satisfied
Wilmington Savings Fund Society, Fsb
A registered charge21 properties30/04/202124/04/2023
satisfied
Wilmington Savings Fund Society, Fsb
A registered charge—17/11/202030/04/2021
satisfied
Wilmington Savings Fund Society, Fsb
A registered charge—25/09/202030/04/2021

Recent filings (176 total)

resolution
resolution · RESOLUTIONS
2024-10-08
capital-statement-capital-company-with-date-currency-figure
capital · SH19
2024-09-27
legacy
capital · SH20
2024-09-27
legacy
insolvency · CAP-SS
2024-09-27
resolution
resolution · RESOLUTIONS
2024-09-27
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-08-13
confirmation-statement-with-updates
confirmation-statement · CS01
2024-02-27
capital-allotment-shares
capital · SH01
2023-12-12
change-account-reference-date-company-current-shortened
accounts · AA01
2023-12-12
capital-statement-capital-company-with-date-currency-figure
capital · SH19
2023-12-01
legacy
capital · SH20
2023-12-01
legacy
insolvency · CAP-SS
2023-12-01
resolution
resolution · RESOLUTIONS
2023-12-01
change-account-reference-date-company-current-extended
accounts · AA01
2023-11-03
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2023-07-20