AQUALOGIC NT LIMITED

💤Zombieactive
SC428443 · ltd · incorporated 2012-07-17
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
£-200.8k
book net assets
Opportunity
77/100
Strong
🔔
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What this business does
Primary activity: SIC 25290
Sector: Manufacturing
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

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: 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 (76/100)

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
Confirmed no charges registered
85
Directors & officers
4 officers (2 active, 4 linked, 2 with DOB)
80
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
41 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
70
Strong succession / seller-readiness signals.
Risk profile
82
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Negative net assets
Liabilities exceed assets by £200,784

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
-£201k
↑ 44% YoY
Current Assets
£295k
↑ 157% YoY
Current Liabilities
—
-£361k-£230k-£98k£33k£164k£295kJul 2023Jul 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-07-312023-07-31
Total assets£44.1k£-60.5k
Current assets£295.5k£114.9k
Cash—£18.6k
Debtors—£96.3k
Net assets£-200.8k£-361.1k

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 address
Last 180 days
1
filing
  • • 1 address
Counts from Companies House filing history.
Corporate timeline (23 events)Click to expand
  1. 2026-03-20
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  2. 2025-07-21
    📄
    change-person-director-company-with-change-date
    officers · CH01
  3. 2025-07-21
    📄
    change-person-director-company-with-change-date
    officers · CH01
  4. 2025-07-04
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2025-02-03
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  6. 2024-07-19
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  7. 2023-01-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2022-04-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2021-08-02
    📄
    second-filing-of-annual-return-with-made-up-date
    annual-return · RP04AR01
  10. 2021-08-02
    📄
    second-filing-of-annual-return-with-made-up-date
    annual-return · RP04AR01
  11. 2021-08-02
    📄
    second-filing-of-annual-return-with-made-up-date
    annual-return · RP04AR01
  12. 2021-04-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2020-11-17
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  14. 2020-04-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2019-04-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2018-04-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2017-04-18
    ➖
    FILTNESS, Roger Dennis resigned
    director
  18. 2015-11-02
    ➕
    NICOLSON NOMINEES LTD appointed
    corporate-secretary
  19. 2015-11-02
    ➖
    COUNT ACCOUNTANCY LIMITED resigned
    corporate-secretary
  20. 2012-07-17
    🏢
    Company incorporated
    As AQUALOGIC NT LIMITED
  21. 2012-07-17
    ➕
    MCALPINE, James Kenneth appointed
    director
  22. 2012-07-17
    ➕
    COUNT ACCOUNTANCY LIMITED appointed
    corporate-secretary
  23. 2012-07-17
    ➕
    FILTNESS, Roger Dennis appointed
    director

Owner dependency

83/100
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.
  • +Senior director age: Director aged approximately 61 — approaching natural succession window.

Succession & seller-readiness

68/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 61. 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 14 years.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

1 low
Multiple registered office changes
low

Multiple address changes in a short period can indicate operational instability or admin disorder.

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr James Kenneth Mcalpine
Individual · Scottish · DOB 09/1965 · age 61
75–100%
75–100%board control75-100% shares · 75-100% voting · board control06/06/2016
1 historic (ceased) PSC
  • Mr Roger Dennis Filtnessceased 07/04/2016· significant influence

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
Incorporated2012-07-17
Jurisdictionscotland
Primary SIC25290 — SIC 25290

Registered office

49 Crescent Road
Glasgow
G13 3RY
Scotland

Filing status

Accounts
Next due: 2026-07-31
Last made up to: 2024-07-31
Confirmation statement
Next due: 2026-08-01
Last: 2025-07-18

Officers (2 active · 2 resigned)

NICOLSON NOMINEES LTD→
corporate-secretary · appointed 2015-11-02
View their other companies + combined net worth →
Active
MCALPINE, James Kenneth→
director · ~61y · appointed 2012-07-17
View their other companies + combined net worth →
Active
COUNT ACCOUNTANCY LIMITED→
corporate-secretary · appointed 2012-07-17 · resigned 2015-11-02
Resigned
FILTNESS, Roger Dennis→
director · ~65y · appointed 2012-07-17 · resigned 2017-04-18
Resigned

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

Recent filings (41 total)

change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-03-20
change-person-director-company-with-change-date
officers · CH01
2025-07-21
confirmation-statement-with-updates
confirmation-statement · CS01
2025-07-21
change-person-director-company-with-change-date
officers · CH01
2025-07-21
accounts-with-accounts-type-micro-entity
accounts · AA
2025-07-04
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-02-03
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-07-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-07-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-01-27
confirmation-statement-with-updates
confirmation-statement · CS01
2022-08-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-04-25
confirmation-statement-with-updates
confirmation-statement · CS01
2021-08-09
second-filing-of-annual-return-with-made-up-date
annual-return · RP04AR01
2021-08-02
second-filing-of-annual-return-with-made-up-date
annual-return · RP04AR01
2021-08-02