BAY DRILLING COMPANY LTD.
💤Zombieactive
SC233575 · ltd · incorporated 2002-07-02
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 Jul 2024
Net worth
£215.5k
book net assets
Opportunity
79/100
Strong
What this business does
Primary activity: SIC 09100
Sector: Mining & quarrying
ALSO REGISTERED FOR
- 68209Other letting and operating of own or leased real estate
- 71121Engineering design activities for industrial process and production
Investor take
PursueAsset-holding vehicle with a 60-year-old founder — textbook succession opportunity.
Opportunity 79/100 (strong), bankability 85/100. Strong seller-intent signal (80/100, director aged 60). 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 (73/100).
🏦
Refinance opportunity
4 live charges · 2 lenders · oldest 12.3y
30/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 12.3 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Distress signals active — lender appetite narrows.
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, 3 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
4 officers (2 active, 4 linked, 1 with DOB)
75
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
70 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
79/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 105 (micro)Positive net assets
Net assets £215,451
Net assets shrinking
Down £4,833 YoY
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
£215k
↓ 2.2% YoY
Current Assets
£39k
↓ 10% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 105 (micro)| Metric | 2024-07-31 | 2023-07-31 |
|---|---|---|
| Total assets | £292.0k | £296.4k |
| Current assets | £38.5k | £42.9k |
| Net assets | £215.5k | £220.3k |
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
0
filings
Counts from Companies House filing history.
Corporate timeline (32 events)Click to expand
- 2025-06-25📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-06-25📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-06-25📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-06-25📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-06-25🔓Charge satisfied #4
- 2025-06-25🔓Charge satisfied #3
- 2025-06-25🔓Charge satisfied #2
- 2025-06-25🔓Charge satisfied #1
- 2025-04-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-04-23📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-07-31📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-07-24📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-07-19🔒Charge registered #4Lender: Aldermore Bank PLC
- 2023-07-19🔒Charge registered #3Lender: Aldermore Bank PLC
- 2023-04-27📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-03-15📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-03-13🔒Charge registered #2Lender: Aldermore Bank PLC
- 2022-04-27📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-04-29📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-01-22📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2021-01-22📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2020-03-02📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-04-29📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2018-04-24📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2013-12-18🔒Charge registered #1Lender: Santander UK PLC
- 2002-07-02🏢Company incorporatedAs BAY DRILLING COMPANY LTD.
- 2002-07-02➕BRADLEY, Sharon Elizabeth appointedsecretary
- 2002-07-02➕BRADLEY, Nigel David appointeddirector
- 2002-07-02➕BRIAN REID LTD. appointedcorporate-nominee-secretary
- 2002-07-02➖BRIAN REID LTD. resignedcorporate-nominee-secretary
- 2002-07-02➕STEPHEN MABBOTT LTD. appointedcorporate-nominee-director
- 2002-07-02➖STEPHEN MABBOTT LTD. resignedcorporate-nominee-director
Owner dependency
93/100
Critical — business is the founderThe 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 24 years — deep operational knowledge concentrated in one person.
- +Senior director age: Director aged approximately 60 — approaching natural succession window.
Succession & seller-readiness
85/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- secondaryFounder aged 58+: Senior director is approximately 60. Early succession window.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- primary20+ year tenure: Director in role 24 years. Very long tenure is a classic succession signal.
- 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 ·Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mrs Sharon Elizabeth Bradley Individual · British · DOB 07/1964 · age 62 | 75–100% | — | 75-100% shares | 06/04/2016 |
1 historic (ceased) PSC
- Mr Nigel David Bradleyceased 22/01/2021· 25-50% shares
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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|---|---|---|---|---|---|---|---|
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| B HOGG MECHANICAL SERVICES LIMITED→ SC839539 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
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| BJ SERVICES COMPANY LIMITED→ SC143147 · est 1993 · no financials extracted | — | — | — | — | 33y | — | — |
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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
Incorporated2002-07-02
Jurisdictionscotland
Primary SIC09100 — SIC 09100
Registered office
Mills Of Drum
Crathes
Banchory
Aberdeenshire
AB31 5JE
Filing status
Accounts
Next due: 2026-04-30
Last made up to: 2024-07-31
Confirmation statement
Next due: 2026-07-16
Last: 2025-07-02
Officers (2 active · 2 resigned)
BRADLEY, Sharon Elizabeth→
Activesecretary · appointed 2002-07-02
View their other companies + combined net worth →
BRADLEY, Nigel David→
Activedirector · ~60y · appointed 2002-07-02
View their other companies + combined net worth →
BRIAN REID LTD.→
Resignedcorporate-nominee-secretary · appointed 2002-07-02 · resigned 2002-07-02
STEPHEN MABBOTT LTD.→
Resignedcorporate-nominee-director · appointed 2002-07-02 · resigned 2002-07-02
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
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Aldermore Aldermore Bank PLC | A registered charge | — | 19/07/2023 | 25/06/2025 | |
| satisfied | Aldermore Aldermore Bank PLC | A registered charge | — | 19/07/2023 | 25/06/2025 | |
| satisfied | Aldermore Aldermore Bank PLC | A registered charge | 1 property | 13/03/2023 | 25/06/2025 | |
| satisfied | Santander Santander UK PLC | A registered charge | 1 property | 18/12/2013 | 25/06/2025 |
Recent filings (70 total)
confirmation-statement-with-updates
confirmation-statement · CS01
2025-07-15
mortgage-satisfy-charge-full
mortgage · MR04
2025-06-25
mortgage-satisfy-charge-full
mortgage · MR04
2025-06-25
mortgage-satisfy-charge-full
mortgage · MR04
2025-06-25
mortgage-satisfy-charge-full
mortgage · MR04
2025-06-25
accounts-with-accounts-type-micro-entity
accounts · AA
2025-04-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-18
accounts-with-accounts-type-micro-entity
accounts · AA
2024-04-23
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-07-31
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-07-24
confirmation-statement-with-updates
confirmation-statement · CS01
2023-07-14
accounts-with-accounts-type-micro-entity
accounts · AA
2023-04-27
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-03-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-07-15
accounts-with-accounts-type-micro-entity
accounts · AA
2022-04-27