NEXUS SURFACE TREATMENTS LIMITED
💤Zombieactive
SC250485 · ltd · incorporated 2003-06-03
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 Dec 2024
Net worth
—
book net assets
Opportunity
77/100
Strong
What this business does
Primary activity: Other business support service activities n.e.c.
Sector: Administrative & support services
Investor take
PursueStrong opportunity: active trading company with strong profile and bankable structure.
Opportunity 77/100 (strong), bankability 75/100. 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
4 live charges · 2 lenders · oldest 15.2y
30/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 15.2 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · 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
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
8 officers (2 active, 8 linked, 4 with DOB)
80
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
77 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
77/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
60
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Profit before tax | — | £227.9k |
| Average employees | 1400 | 1500 |
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 (37 events)Click to expand
- 2025-05-07📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-08-30📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-08-30📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-08-30🔓Charge satisfied #3
- 2024-08-26📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-08-24🔒Charge registered #3Lender: Bank of Scotland PLC
- 2024-08-23🔒Charge registered #4Lender: Bank of Scotland PLC
- 2024-08-13📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-08-13🔓Charge satisfied #2
- 2024-05-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-09-21📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-09-12📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-09-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-01-21📄change-corporate-secretary-company-with-change-dateofficers · CH04
- 2020-12-09📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-09-24📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-03-26📄change-person-director-company-with-change-dateofficers · CH01
- 2019-03-26📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2018-05-10📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-09-01📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2011-11-22🔒Charge registered #2Lender: Lloyds Tsb Commercial Finance Limited
- 2011-02-03➕JAMES AND GEORGE COLLIE LLP appointedcorporate-secretary
- 2011-02-03🔒Charge registered #1Lender: Bank of Scotland PLC
- 2011-01-31➖LIVERSIDGE, William Edward resignedsecretary
- 2011-01-31➖BELL, Alexander resigneddirector
- 2011-01-31➖LIVERSIDGE, William Edward resigneddirector
- 2003-11-05➖MCMILLAN, James resigneddirector
- 2003-06-03🏢Company incorporatedAs NEXUS SURFACE TREATMENTS LIMITED
- 2003-06-03➕WATT, Ronald William Lovering appointeddirector
- 2003-06-03➕LIVERSIDGE, William Edward appointedsecretary
- 2003-06-03➕ACS SECRETARIES LIMITED appointedcorporate-secretary
- 2003-06-03➖ACS SECRETARIES LIMITED resignedcorporate-secretary
- 2003-06-03➕BELL, Alexander appointeddirector
- 2003-06-03➕LIVERSIDGE, William Edward appointeddirector
- 2003-06-03➕MCMILLAN, James appointeddirector
- 2003-06-03➕ACS NOMINEES LIMITED appointedcorporate-director
- 2003-06-03➖ACS NOMINEES LIMITED resignedcorporate-director
Owner dependency
85/100
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 23 years — deep operational knowledge concentrated in one person.
Succession & seller-readiness
75/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- primary20+ year tenure: Director in role 23 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 23 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
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Ronald William Lovering Watt Individual · British · DOB 03/1971 · age 55 | 75–100% | — | 75-100% shares | 06/04/2016 |
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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| AMBIESENSE GROUP LIMITED→ SC303088 · est 2006 · no financials extracted | — | — | — | — | 19y | — | — |
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| AMS SECURITY LTD→ SC847555 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
8 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
Incorporated2003-06-03
Jurisdictionscotland
Primary SIC82990 — Other business support service activities n.e.c.
Registered office
12 Carden Place
Aberdeen
AB10 1UR
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-06-11
Last: 2025-05-28
Officers (2 active · 6 resigned)
JAMES AND GEORGE COLLIE LLP→
Activecorporate-secretary · appointed 2011-02-03
View their other companies + combined net worth →
WATT, Ronald William Lovering→
Activedirector · ~55y · appointed 2003-06-03
View their other companies + combined net worth →
LIVERSIDGE, William Edward→
Resignedsecretary · appointed 2003-06-03 · resigned 2011-01-31
ACS SECRETARIES LIMITED→
Resignedcorporate-secretary · appointed 2003-06-03 · resigned 2003-06-03
BELL, Alexander→
Resigneddirector · ~78y · appointed 2003-06-03 · resigned 2011-01-31
LIVERSIDGE, William Edward→
Resigneddirector · ~78y · appointed 2003-06-03 · resigned 2011-01-31
MCMILLAN, James→
Resigneddirector · ~73y · appointed 2003-06-03 · resigned 2003-11-05
ACS NOMINEES LIMITED→
Resignedcorporate-director · appointed 2003-06-03 · resigned 2003-06-03
Click a director name to see their full track record across all companies.
Mortgages & charges
4
Total charges
2
Outstanding
1
Active lenders
Status:Lender:4 of 4 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 2 properties | 24/08/2024 | 30/08/2024 | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 2 properties | 23/08/2024 | — | |
| satisfied | Lloyds Banking Group Lloyds Tsb Commercial Finance Limited | Bond & floating charge | 1 property | 22/11/2011 | 13/08/2024 | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC | Floating charge | 1 property | 03/02/2011 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (77 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-05-07
mortgage-satisfy-charge-full
mortgage · MR04
2024-08-30
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-08-30
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-08-26
mortgage-satisfy-charge-full
mortgage · MR04
2024-08-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-06-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-05-31
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-09-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-05-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-09-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-06-03
change-corporate-secretary-company-with-change-date
officers · CH04
2021-01-21