DRILLING MATERIALS & LOGISTICS SERVICES LTD

💤Zombieactive

SC378587 · ltd · incorporated 2010-05-14

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

£255.3k

book net assets

Opportunity

80/100

Exceptional

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What this business does

Primary activity: SIC 09100

Sector: Mining & quarrying

Investor take

Pursue

Strong opportunity: asset-holding vehicle with exceptional profile and bankable structure.

Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (70/100, director aged 58). 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).

Data confidence

Overall: medium (78/100)

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

Lenders & charges

Confirmed no charges registered

Directors & officers

1 officers (1 active, 1 linked, 1 with DOB)

Ownership & PSC

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

Director network

Network not yet resolved

Filing history

33 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

80/100Exceptional

PassWatchWorth a lookStrongExceptional

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared

Positive net assets

Net assets £255,348

Net assets shrinking

Down £9,308 YoY

Cash YoY

-10%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£269k

↓ 9.7% YoY

Net Worth

£255k

↓ 3.5% YoY

Current Assets

—

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2025-04-30	2024-04-30
Total assets	£255.3k	£264.7k
Cash	£268.7k	£297.5k
Net assets	£255.3k	£264.7k

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

filings

Last 90 days

filings

Last 180 days

filing

• 1 accounts

Counts from Companies House filing history.

Corporate timeline (18 events)Click to expand

2025-11-26
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-01-08
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-01-11
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-01-20
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-10-06
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-01-28
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-01-14
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-11-22
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2017-12-21
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2016-09-29
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2016-05-30
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2016-01-11
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2015-06-02
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2015-01-13
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2014-06-03
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2014-01-28
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2010-05-14
🏢
Company incorporated
As DRILLING MATERIALS & LOGISTICS SERVICES LTD
2010-05-14
➕
TOLMIE, Stephen appointed
director

Owner dependency

98/100

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 16 years — deep operational knowledge concentrated in one person.
+Senior director age: Director aged approximately 58 — approaching natural succession window.
+No director turnover: Company is 16 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

78/100

Likely off-market candidate

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

SIGNALS

secondaryFounder aged 58+: Senior director is approximately 58. Early succession window.
primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
secondary12+ year tenure: Director in role 16 years.
secondaryStable-but-static management: Company is 16 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

clean

No 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 Stephen Tolmie Individual · British · DOB 04/1968 · age 58	75–100%	—	75-100% shares	14/05/2017

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

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

Incorporated2010-05-14

Jurisdictionscotland

Primary SIC09100 — SIC 09100

Registered office

12 Traill Drive

Montrose

Angus

DD10 8SW

Filing status

Accounts

Next due: 2027-01-31

Last made up to: 2025-04-30

Confirmation statement

Next due: 2026-05-28

Last: 2025-05-14

Officers (1 active · 0 resigned)

TOLMIE, Stephen→

director · ~58y · appointed 2010-05-14

View their other companies + combined net worth →

Active

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