TERRAMAR LIMITED

💤Zombieactive
SC143815 · ltd · incorporated 1993-04-08
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 Apr 2025
Net worth
£528.3k
book net assets
Opportunity
72/100
Strong
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What this business does
Primary activity: Other business support service activities n.e.c.
Sector: Administrative & support services
Investor take
Special-situation opportunity
Distressed trade-services with salvageable qualities — special-situations priority.

Opportunity 72/100 (strong), bankability 65/100. Strong seller-intent signal (78/100, director aged 71). 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 (73/100).

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, 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
5 officers (2 active, 5 linked, 3 with DOB)
82
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
108 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
72/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
Adequate — check latest filings for context.
Acquirability
80
Strong succession / seller-readiness signals.
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 £528,306
Net assets shrinking
Down £387 YoY
Cash YoY
+6%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£386k
↑ 6.3% YoY
Net Worth
£528k
~ YoY
Current Assets
£412k
~ YoY
Current Liabilities
—
£0£106k£211k£317k£423k£529kApr 2024Apr 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-04-302024-04-30
Total assets£531.1k£531.8k
Current assets£411.7k£408.5k
Cash£386.0k£363.1k
Debtors£25.8k£45.4k
Net assets£528.3k£528.7k

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 (25 events)Click to expand
  1. 2025-12-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-08-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-09-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2022-06-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2021-09-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2020-07-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2020-01-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2018-10-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2017-08-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2016-10-16
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  11. 2016-04-19
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  12. 2015-09-15
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  13. 2015-04-22
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  14. 2014-09-12
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2014-05-06
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  16. 2013-08-12
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  17. 1997-05-30
    ➖
    RUTLIDGE, Frederick Edward resigned
    director
  18. 1993-07-09
    ➕
    MACEY, Michael appointed
    director
  19. 1993-07-09
    ➖
    HUNTER, Neil Cameron resigned
    nominee-director
  20. 1993-07-09
    ➖
    RENNIE, Thomas George resigned
    nominee-director
  21. 1993-07-09
    ➕
    RUTLIDGE, Frederick Edward appointed
    director
  22. 1993-04-08
    🏢
    Company incorporated
    As TERRAMAR LIMITED
  23. 1993-04-08
    ➕
    PETERKINS, SOLICITORS appointed
    corporate-nominee-secretary
  24. 1993-04-08
    ➕
    HUNTER, Neil Cameron appointed
    nominee-director
  25. 1993-04-08
    ➕
    RENNIE, Thomas George appointed
    nominee-director

Owner dependency

100/100
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.
  • +Long-tenure founder: Senior director has been in place 33 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 71 — succession pressure is live.

Succession & seller-readiness

100/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 71 years old. Natural succession window is now.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • primary20+ year tenure: Director in role 33 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 33 years old and no new directors in the last 3 years — succession not yet being planned internally.

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: 2026-04-22

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Michael Macey
Individual · British · DOB 05/1955 · age 71
75–100%
75–100%75-100% shares · 75-100% voting06/04/2016

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

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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
Incorporated1993-04-08
Jurisdictionscotland
Primary SIC82990 — Other business support service activities n.e.c.

Registered office

100 Union Street
Aberdeen
AB10 1QR

Filing status

Accounts
Next due: 2027-01-31
Last made up to: 2025-04-30
Confirmation statement
Next due: 2026-04-22OVERDUE
Last: 2025-04-08

Officers (2 active · 3 resigned)

PETERKINS, SOLICITORS→
corporate-nominee-secretary · appointed 1993-04-08
View their other companies + combined net worth →
Active
MACEY, Michael→
director · ~71y · appointed 1993-07-09
View their other companies + combined net worth →
Active
HUNTER, Neil Cameron→
nominee-director · appointed 1993-04-08 · resigned 1993-07-09
Resigned
RENNIE, Thomas George→
nominee-director · ~79y · appointed 1993-04-08 · resigned 1993-07-09
Resigned
RUTLIDGE, Frederick Edward→
director · ~77y · appointed 1993-07-09 · resigned 1997-05-30
Resigned

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

Recent filings (108 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-08-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-04-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-06-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-04-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-09-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-04-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-07-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-04-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-01-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-04-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-10-23