PEGASUS MARINE SURVEYS LIMITED

🏛️Establishedactive
SC550571 · ltd · incorporated 2016-11-17
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
🔒Estimated value
Upgrade to see
Turnover
year to Dec 2024
Net worth
£1.1k
book net assets
Opportunity
77/100
Strong
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What this business does
Primary activity: Other business support service activities n.e.c.
Sector: Administrative & support services
Investor take
Pursue
Asset-holding vehicle with a 71-year-old founder — textbook succession opportunity.

Opportunity 77/100 (strong), bankability 75/100. Strong seller-intent signal (60/100, director aged 71). Share purchase looks the cleaner deal structure. 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
75
Lenders & charges
Confirmed no charges registered
85
Directors & officers
2 officers (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
20 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
65
Adequate — check latest filings for context.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Positive net assets
Net assets £1,063

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
£1k
↑ 140% YoY
Current Assets
£8k
↑ 67% YoY
Current Liabilities
-£3k-£545£2k£4k£6k£8kDec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2024-12-312023-12-31
Total assets£3.2k£1.5k
Current assets£8.0k£4.8k
Net assets£1.1k£-2.7k

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
0
filings
Last 90 days
0
filings
Last 180 days
1
filing
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (14 events)Click to expand
  1. 2025-09-15
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-09-26
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2023-09-26
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2022-09-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2021-09-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2020-12-24
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2019-09-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2018-08-16
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2018-08-08
    📄
    change-account-reference-date-company-previous-extended
    accounts · AA01
  10. 2017-11-26
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  11. 2016-11-17
    🏢
    Company incorporated
    As PEGASUS MARINE SURVEYS LIMITED
  12. 2016-11-17
    CAMPBELL, Tracie appointed
    director
  13. 2016-11-17
    ORTCHISON, Donald appointed
    director
  14. 2016-11-17
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

78/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Founder age: Director aged approximately 71 — succession pressure is live.
  • +No director turnover: Company is 9 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

66/100
Strong succession signal

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

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 71 years old. Natural succession window is now.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

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

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Donald Ortchison
Individual · British · DOB 07/1955 · age 71
2550%
25-50% shares17/11/2016
Tracie Campbell
Individual · Australian · DOB 05/1961 · age 65
2550%
25-50% shares17/11/2016

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
Incorporated2016-11-17
Jurisdictionscotland
Primary SIC82990 — Other business support service activities n.e.c.

Registered office

4 Perceval Road North
Stornoway
Western Isles
HS1 2UG
Scotland

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-11-30
Last: 2025-11-16

Officers (2 active · 0 resigned)

CAMPBELL, Tracie
director · ~65y · appointed 2016-11-17
View their other companies + combined net worth →
Active
ORTCHISON, Donald
director · ~71y · appointed 2016-11-17
View their other companies + combined net worth →
Active

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

Recent filings (20 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-12-04
accounts-with-accounts-type-micro-entity
accounts · AA
2025-09-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-11-22
accounts-with-accounts-type-micro-entity
accounts · AA
2024-09-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-27
accounts-with-accounts-type-micro-entity
accounts · AA
2023-09-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-16
accounts-with-accounts-type-micro-entity
accounts · AA
2022-09-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-12-01
accounts-with-accounts-type-micro-entity
accounts · AA
2021-09-30
accounts-with-accounts-type-micro-entity
accounts · AA
2020-12-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-12-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-11-26
accounts-with-accounts-type-micro-entity
accounts · AA
2019-09-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2018-11-27