DRAINFLOW (ABERDEEN) LTD.
💤Zombieactive
SC229330 · ltd · incorporated 2002-03-19
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
£230.2k
book net assets
Opportunity
73/100
Strong
What this business does
Primary activity: SIC 37000
Sector: Water supply & waste
Investor take
PursueStrong opportunity: active trading company with strong profile and bankable structure.
Opportunity 73/100 (strong), bankability 80/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 1 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (58/100).
🏦
Refinance opportunity
1 live charge · oldest 23.9y
45/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 23.9 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (77/100)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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
6 officers (1 active, 6 linked, 3 with DOB)
80
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
Network not yet resolved
30
Filing history
81 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
73/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
55
Some acquirability indicators.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 102Positive net assets
Net assets £230,158
Cash YoY
+39%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£190k
↑ 39% YoY
Net Worth
£230k
↑ 11% YoY
Current Assets
£245k
↑ 22% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-04-30 | 2024-04-30 |
|---|---|---|
| Total assets | £262.2k | £231.7k |
| Current assets | £244.9k | £200.7k |
| Cash | £190.0k | £136.9k |
| Debtors | £54.9k | £63.8k |
| Net assets | £230.2k | £207.5k |
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
1
filing
- • 1 confirmation-statement
Last 180 days
4
filings
- • 2 officers
- • 1 confirmation-statement
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (29 events)Click to expand
- 2025-12-10📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-12-10📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2025-12-08📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-05-01➖MILLER, Lorna Anne resignedsecretary
- 2025-05-01➖MILLER, Charles William resigneddirector
- 2024-12-20📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-11-06📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-09-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-11-22📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-12-16📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-10-12📄change-person-director-company-with-change-dateofficers · CH01
- 2021-10-12📄change-person-secretary-company-with-change-dateofficers · CH03
- 2021-10-12📄change-person-director-company-with-change-dateofficers · CH01
- 2021-10-12📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2021-10-12📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2021-03-22📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2021-03-22📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2020-12-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2015-07-03➖ALLAN, Norman resigneddirector
- 2015-04-14➕ALLAN, Norman appointeddirector
- 2014-03-18➕MACKINNON, Lyndsey Anne appointeddirector
- 2002-06-11🔒Charge registered #1Lender: The Governor and Company of the Bank of Scotland
- 2002-03-19🏢Company incorporatedAs DRAINFLOW (ABERDEEN) LTD.
- 2002-03-19➕MILLER, Lorna Anne appointedsecretary
- 2002-03-19➕BRIAN REID LTD. appointedcorporate-nominee-secretary
- 2002-03-19➖BRIAN REID LTD. resignedcorporate-nominee-secretary
- 2002-03-19➕MILLER, Charles William appointeddirector
- 2002-03-19➕STEPHEN MABBOTT LTD. appointedcorporate-nominee-director
- 2002-03-19➖STEPHEN MABBOTT LTD. resignedcorporate-nominee-director
Owner dependency
75/100
High — earn-out structure requiredMaterial 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
68/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- secondary12+ year tenure: Director in role 12 years.
- secondaryStable-but-static management: Company is 24 years old and no new directors in the last 3 years — succession not yet being planned internally.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
1 med ·2 director resignations in last 12 months
mediumMultiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.
Evidence: MILLER, Lorna Anne resigned 2025-05-01; MILLER, Charles William resigned 2025-05-01
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mrs Lyndsey Anne Mackinnon Individual · British · DOB 02/1985 · age 41 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 31/03/2018 |
2 historic (ceased) PSCs
- Mrs Lorna Anne Millerceased 31/03/2020· 25-50% shares · 25-50% voting
- Mr Charles William Millerceased 31/03/2020· 25-50% shares · 25-50% voting
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Similar companies
Active · Energy & utilities · AB postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| EIS WASTE SERVICES LIMITED→ SC254990 · est 2003 | £25.56M £18.40M–£32.71M | £17.10M | — | 11200 | 22y | 83 | 53y |
| 4L ENERGY LIMITED→ SC366919 · est 2009 | — | — | £3.79M | — | 16y | 83 | 77y |
| CASTLE OF AUCHRY WINDFARM LIMITED→ SC364080 · est 2009 | — | — | £1.31M | — | 16y | 83 | 67y |
| BENZIES RENEWABLE POWER LTD.→ SC352727 · est 2008 | — | — | £3.02M | — | 17y | 82 | 70y |
| BRUXIEHILL WIND ENERGY LIMITED→ SC347146 · est 2008 | — | — | £1.83M | — | 17y | 82 | 62y |
| ME1 SOLAR LTD→ SC787885 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| MELROSE WIND LIMITED→ SC510251 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
| MGM UTILITY BROKER LTD→ SC881153 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| OFFSHORE ENERGY CONTRACTING SOLUTIONS LIMITED→ SC814141 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| S & C SECURITY AND ELECTRICAL LIMITED→ SC261336 · est 2003 · no financials extracted | — | — | — | — | 22y | — | — |
| SELN LIMITED→ SC396796 · est 2011 · no financials extracted | — | — | — | — | 15y | — | — |
| SHIELBOG ENERGY LIMITED→ SC430360 · est 2012 · no financials extracted | — | — | — | — | 13y | — | — |
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
Incorporated2002-03-19
Jurisdictionscotland
Primary SIC37000 — SIC 37000
Registered office
Kirkhill Cottage
Bucksburn
Aberdeen
AB21 9SQ
Scotland
Filing status
Accounts
Next due: 2027-01-31
Last made up to: 2025-04-30
Confirmation statement
Next due: 2027-02-17
Last: 2026-02-03
Officers (1 active · 5 resigned)
MACKINNON, Lyndsey Anne→
Activedirector · ~41y · appointed 2014-03-18
View their other companies + combined net worth →
MILLER, Lorna Anne→
Resignedsecretary · appointed 2002-03-19 · resigned 2025-05-01
BRIAN REID LTD.→
Resignedcorporate-nominee-secretary · appointed 2002-03-19 · resigned 2002-03-19
ALLAN, Norman→
Resigneddirector · ~59y · appointed 2015-04-14 · resigned 2015-07-03
MILLER, Charles William→
Resigneddirector · ~70y · appointed 2002-03-19 · resigned 2025-05-01
STEPHEN MABBOTT LTD.→
Resignedcorporate-nominee-director · appointed 2002-03-19 · resigned 2002-03-19
Click a director name to see their full track record across all companies.
Mortgages & charges
1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Bond & floating charge | 1 property | 11/06/2002 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (81 total)
confirmation-statement-with-updates
confirmation-statement · CS01
2026-02-03
termination-director-company-with-name-termination-date
officers · TM01
2025-12-10
termination-secretary-company-with-name-termination-date
officers · TM02
2025-12-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-08
confirmation-statement-with-updates
confirmation-statement · CS01
2025-02-03
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-12-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-11-06
confirmation-statement-with-updates
confirmation-statement · CS01
2024-06-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-28
confirmation-statement-with-updates
confirmation-statement · CS01
2023-09-11
confirmation-statement-with-updates
confirmation-statement · CS01
2023-03-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-11-22
confirmation-statement-with-updates
confirmation-statement · CS01
2022-03-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-16