DALES MARINE SERVICES LIMITED

🌳Matureactive

SC163941 · ltd · incorporated 1996-03-07

Investment thesis

Established operating company — standard diligence applies, no dominant angle.

Why interesting: Live, filing, normal profile.

Why risky: No standout signals in either direction.

🔒Estimated value

—

Upgrade to see

Turnover

£30.61M

year to Dec 2023

Net worth

—

book net assets

Opportunity

69/100

Strong

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What this business does

Primary activity: SIC 33150

Sector: Manufacturing

Investor take

Pursue

Leverage-led grower. Reasonable fundamentals — worth a memo before deciding.

Opportunity 69/100 (strong), bankability 67/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (70/100).

🏦

Refinance opportunity

5 live charges · 4 lenders · oldest 30.0y

45/100

clean up first

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

· Oldest live charge is 30.0 years old — likely at or near maturity.
· 4 lenders named — inter-creditor friction likely.
· Legal-friction score 38/100 — workable, but lender will want more DD.
· Profitable and stable/growing — lender coverage supportable.

Data confidence

Overall: medium (74/100)

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

1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed

Lenders & charges

5 charges (5/5 with lender, 5/5 with type)

Directors & officers

20 officers (2 active, 20 linked, 16 with DOB)

Ownership & PSC

1 active PSC(s) of 1 total, 1 with control declared

Director network

7 connected companies via shared directors

Filing history

145 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

🔒Estimated company valuation

Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.

Available from the Pro tier upwards.

See pricing →

Opportunity Score

69/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Active, clean filings, stable charge profile.

Acquirability

Some acquirability indicators.

Risk profile

Some moderate concerns — review flags.

Signal strength

100

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102

Profitable

Profit before tax £12,606,812

Key financials

1 year extracted from filed iXBRL accounts

Cash

—

Net Worth

—

Current Assets

—

Current Liabilities

—

Financials

Extracted from Companies House accounts · FRS 102

Metric	2023-12-31
Turnover	£30.61M
Gross profit	£10.13M
Operating profit	£5.36M
Profit before tax	£12.61M
Average employees	13300

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

5 signals 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

filings

Last 90 days

filing

• 1 confirmation-statement

Last 180 days

filings

• 1 confirmation-statement
• 1 officers

Counts from Companies House filing history.

Corporate timeline (65 events)Click to expand

2026-01-05
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-12-31
➖
STEEL, Andrew resigned
director
2025-08-07
📄
accounts-with-accounts-type-full
accounts · AA
2025-05-20
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-04-30
➖
O'BRIEN, Paul resigned
director
2024-07-02
📄
accounts-with-accounts-type-full
accounts · AA
2024-02-12
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-02-12
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-01-26
➕
ADAM-OWEN, Kaylea appointed
director
2024-01-26
➕
O'BRIEN, Paul appointed
director
2023-10-10
📄
change-person-director-company-with-change-date
officers · CH01
2023-10-10
📄
change-person-director-company-with-change-date
officers · CH01
2023-06-20
📄
accounts-with-accounts-type-full
accounts · AA
2023-05-30
📄
termination-director-company-with-name-termination-date
officers · TM01
2023-05-19
➖
MILNE, Michael resigned
director
2022-07-21
📄
accounts-with-accounts-type-full
accounts · AA
2022-04-27
📄
change-person-director-company-with-change-date
officers · CH01
2022-04-01
➕
PATERSON, Kevin appointed
director
2022-04-01
📄
appoint-person-director-company-with-name-date
officers · AP01
2021-08-17
📄
accounts-with-accounts-type-full
accounts · AA
2021-05-06
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2021-05-06
📄
change-person-director-company-with-change-date
officers · CH01
2021-04-01
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2021-02-04
📄
memorandum-articles
incorporation · MA
2021-02-04
📄
resolution
resolution · RESOLUTIONS
2020-12-11
➖
DEW, Richard resigned
director
2020-12-10
🔒
Charge registered #5
Lender: Clydesdale Bank PLC
2020-12-10
🔒
Charge registered #4
Lender: Clydesdale Bank PLC (Trading as Both Clydesdale Bank and Yorkshire Bank)
2020-12-10
🔒
Charge registered #3
Lender: Clydesdale Bank PLC (Trading as Both Clydesdale Bank and Yorkshire Bank)
2020-12-09
➖
LC SECRETARIES LIMITED resigned
corporate-secretary
2020-12-09
➖
ANDERSON, Robert David resigned
director
2020-12-09
➖
ANTCZAK, Christopher Edward resigned
director
2020-12-09
➕
DEW, Richard appointed
director
2020-12-09
➖
MUIRHEAD, Linda Anne resigned
director
2020-12-09
➖
NICOL, Mary resigned
director
2020-12-09
➖
NICOL, Maurice James resigned
director
2020-12-09
➕
STEEL, Andrew appointed
director
2020-11-26
🔓
Charge satisfied #2
2018-02-01
➕
LC SECRETARIES LIMITED appointed
corporate-secretary
2018-02-01
➖
STEWART & WATSON resigned
corporate-secretary
2017-12-19
➕
ANDERSON, Robert David appointed
director
2017-12-19
➕
ANTCZAK, Christopher Edward appointed
director
2017-12-19
➕
MUIRHEAD, Linda Anne appointed
director
2017-04-13
➖
ANTCZAK, Kerry Ann resigned
director
2008-06-24
➕
MILNE, Michael appointed
director
2008-06-24
➕
NICOL, Mary appointed
director
2005-09-28
🔓
Charge satisfied #1
2004-03-16
➖
DUNCAN, William George resigned
director
2004-03-16
➖
MACKIE, Graham Alexander resigned
director
2004-03-08
➖
ROBERTSON, Douglas Alexander Mitchell resigned
director

Showing most recent 50 of 65 events

Owner dependency

58/100

Moderate — manageable with handover

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

FACTORS

+Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.

Succession & seller-readiness

36/100

Weak signal

Limited succession signal. Not a near-term off-market candidate.

SIGNALS

secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

Red flags

2 med ·

2 director resignations in last 12 months

medium

Multiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.

Evidence: O'BRIEN, Paul resigned 2025-04-30; STEEL, Andrew resigned 2025-12-31

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

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

🏛️

Dales Engineering Limited

Corporate parent · holds 75-100% shares

ultimate parent

⬇

DALES MARINE SERVICES LIMITED

This company · SC163941

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%

Name	Shares	Voting rights	Nature of control	Notified
Dales Engineering Limited Corporate entity	75–100%	—	sig. influence75-100% shares · significant influence · firm interest	06/04/2016

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 →

Similar companies

Active · Manufacturing · AB postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
DRILL ACCOUNTING LIMITED→ SC463170 · est 2013 · no financials extracted	—	—	—	—	12y	—	—
DRILL PIPE & EQUIPMENT SUPPLIES LTD.→ SC215226 · est 2001 · no financials extracted	—	—	—	—	25y	—	—
DRILL-WRIGHT LIMITED→ SC169830 · est 1996 · no financials extracted	—	—	—	—	29y	—	—
DRILLTOOLS LIMITED→ SC469088 · est 2014 · no financials extracted	—	—	—	—	12y	—	—
DRUMABER LIMITED→ SC310860 · est 2006 · no financials extracted	—	—	—	—	19y	—	—
DRUMBURN ENERGY LIMITED→ SC512535 · est 2015 · no financials extracted	—	—	—	—	10y	—	—
DRUMMOND ENTERPRISES LIMITED→ SC456105 · est 2013 · no financials extracted	—	—	—	—	12y	—	—
DRY DOCK SERVICES LTD→ SC859563 · est 2025 · no financials extracted	—	—	—	—	—	—	—
DUBHOR ENERGY LIMITED→ SC314716 · est 2007 · no financials extracted	—	—	—	—	19y	—	—
DUM SPIRO LIMITED→ SC836910 · est 2025 · no financials extracted	—	—	—	—	1y	—	—
DUNCAN RACING AND RESTORATION LTD→ SC825841 · est 2024 · no financials extracted	—	—	—	—	1y	—	—
DUNCAN ROSS MONUMENTAL SCULPTOR LTD.→ SC282214 · est 2005 · no financials extracted	—	—	—	—	21y	—	—

Peers ranked by estimated value, then turnover, then opportunity score.See all →

🔒Tailored diligence questions

7 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

Incorporated1996-03-07

Jurisdictionscotland

Primary SIC33150 — SIC 33150

Registered office

Dales Business Centre

25 York Street

Aberdeen

AB11 5DP

United Kingdom

Filing status

Accounts

Next due: 2026-09-30

Last made up to: 2024-12-31

Confirmation statement

Next due: 2027-03-21

Last: 2026-03-07

Officers (2 active · 18 resigned)

ADAM-OWEN, Kaylea→

director · ~47y · appointed 2024-01-26

View their other companies + combined net worth →

Active

PATERSON, Kevin→

director · ~39y · appointed 2022-04-01

View their other companies + combined net worth →

Active

MACKIE, Graham Alexander→

secretary · appointed 1999-10-06 · resigned 2004-01-15

Resigned

LC SECRETARIES LIMITED→

corporate-secretary · appointed 2018-02-01 · resigned 2020-12-09

Resigned

STEWART & WATSON→

corporate-secretary · appointed 2004-01-14 · resigned 2018-02-01

Resigned

STRONACHS→

corporate-nominee-secretary · appointed 1996-03-07 · resigned 1999-10-06

Resigned

ALLAN, David Martin→

director · ~80y · appointed 1996-03-07 · resigned 1996-04-10

Resigned

ANDERSON, Robert David→

director · ~78y · appointed 2017-12-19 · resigned 2020-12-09

Resigned

ANTCZAK, Christopher Edward→

director · ~49y · appointed 2017-12-19 · resigned 2020-12-09

Resigned

ANTCZAK, Kerry Ann→

director · ~51y · appointed 1998-11-06 · resigned 2017-04-13

Resigned

DEW, Richard→

director · ~46y · appointed 2020-12-09 · resigned 2020-12-11

Resigned

DUNCAN, William George→

director · ~69y · appointed 1998-11-06 · resigned 2004-03-16

Resigned

MACKIE, Graham Alexander→

director · ~70y · appointed 1996-12-01 · resigned 2004-03-16

Resigned

MILNE, Michael→

director · ~56y · appointed 2008-06-24 · resigned 2023-05-19

Resigned

MUIRHEAD, Linda Anne→

director · ~72y · appointed 2017-12-19 · resigned 2020-12-09

Resigned

NICOL, Mary→

director · ~82y · appointed 2008-06-24 · resigned 2020-12-09

Resigned

NICOL, Maurice James→

director · ~79y · appointed 1996-04-10 · resigned 2020-12-09

Resigned

O'BRIEN, Paul→

director · ~57y · appointed 2024-01-26 · resigned 2025-04-30

Resigned

ROBERTSON, Douglas Alexander Mitchell→

director · ~82y · appointed 1996-12-01 · resigned 2004-03-08

Resigned

STEEL, Andrew→

director · ~64y · appointed 2020-12-09 · resigned 2025-12-31

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:5 of 5 shown

		Type	Properties
outstanding	Virgin Money Clydesdale Bank PLC	A registered charge	1 property	10/12/2020	—
outstanding	Virgin Money Clydesdale Bank PLC (Trading as Both Clydesdale Bank and Yorkshire Bank)	A registered charge	—	10/12/2020	—
outstanding	Virgin Money Clydesdale Bank PLC (Trading as Both Clydesdale Bank and Yorkshire Bank)	A registered charge	—	10/12/2020	—
satisfied	Lloyds Banking Group The Royal Bank of Scotland PLC	Bond & floating charge	1 property	15/01/2004	26/11/2020
satisfied	Lloyds Banking Group The Governor and Company of the Bank of Scotland	Bond & floating charge	1 property	12/04/1996	28/09/2005

Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (145 total)

confirmation-statement-with-updates

confirmation-statement · CS01

2026-03-10

termination-director-company-with-name-termination-date

officers · TM01

2026-01-05

accounts-with-accounts-type-full

accounts · AA

2025-08-07

termination-director-company-with-name-termination-date

officers · TM01

2025-05-20

confirmation-statement-with-updates

confirmation-statement · CS01

2025-03-10

accounts-with-accounts-type-full

accounts · AA

2024-07-02

confirmation-statement-with-updates

confirmation-statement · CS01

2024-03-07

appoint-person-director-company-with-name-date

officers · AP01

2024-02-12

appoint-person-director-company-with-name-date

officers · AP01

2024-02-12

change-person-director-company-with-change-date

officers · CH01

2023-10-10

change-person-director-company-with-change-date

officers · CH01

2023-10-10

accounts-with-accounts-type-full

accounts · AA

2023-06-20

termination-director-company-with-name-termination-date

officers · TM01

2023-05-30

confirmation-statement-with-no-updates

confirmation-statement · CS01

2023-03-07

accounts-with-accounts-type-full

accounts · AA

2022-07-21