IOT ENERGY SERVICES LTD.

🏛️Establishedactive
SC561768 · ltd · incorporated 2017-03-28
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 2025
Net worth
£-1.45M
book net assets
Opportunity
63/100
Worth a look
🔔
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What this business does
Primary activity: Other business support service activities n.e.c.
Sector: Administrative & support services
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 63/100 (worth a look), bankability 75/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: 1 insolvency-related filing on record. Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding. Most likely exit: distressed disposal / insolvency (65/100).

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
9 officers (3 active, 9 linked, 5 with DOB)
81
Ownership & PSC
2 active PSC(s) of 6 total, 6 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
67 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
63/100Worth a look
PassWatchWorth a lookStrongExceptional 

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality
65
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
59
Some moderate concerns — review 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 £1,448,875

Key financials

2 years extracted from filed iXBRL accounts
Cash
£67k
Net Worth
-£1.4m
Current Assets
—
Current Liabilities
—
-£1.4m-£1.1m-£842k-£539k-£236k£67kDec 2024Dec 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-12-312024-12-31
Cash£67.5k—
Net assets£-1.45M—
Average employees—200

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

2 signals 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
2
filings
  • • 1 accounts
  • • 1 confirmation-statement
Last 90 days
6
filings
  • • 4 officers
  • • 1 accounts
  • • 1 confirmation-statement
Last 180 days
6
filings
  • • 4 officers
  • • 1 accounts
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (36 events)Click to expand
  1. 2026-04-13
    📄
    accounts-with-accounts-type-full
    accounts · AA
  2. 2026-02-13
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  3. 2026-02-13
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  4. 2026-02-13
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  5. 2026-02-13
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  6. 2026-01-31
    ➕
    REID, Christopher Donald appointed
    director
  7. 2026-01-31
    ➕
    ROPPESTAD, Oeyvind appointed
    director
  8. 2026-01-31
    ➖
    EIDE, Ulf resigned
    director
  9. 2026-01-31
    ➖
    NOBLE, Stuart Iain resigned
    director
  10. 2025-06-19
    📄
    accounts-with-accounts-type-small
    accounts · AA
  11. 2024-05-21
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  12. 2024-05-21
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  13. 2024-05-21
    📄
    withdrawal-of-a-person-with-significant-control-statement
    persons-with-significant-control · PSC09
  14. 2024-04-03
    📄
    accounts-with-accounts-type-full
    accounts · AA
  15. 2023-04-12
    📄
    accounts-with-accounts-type-full
    accounts · AA
  16. 2022-05-20
    📄
    accounts-with-accounts-type-full
    accounts · AA
  17. 2021-07-02
    📄
    accounts-with-accounts-type-full
    accounts · AA
  18. 2021-06-22
    📄
    notification-of-a-person-with-significant-control-statement
    persons-with-significant-control · PSC08
  19. 2021-06-22
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  20. 2021-06-16
    📄
    capital-allotment-shares
    capital · SH01
  21. 2021-06-09
    📄
    capital-statement-capital-company-with-date-currency-figure
    capital · SH19
  22. 2021-06-03
    📄
    legacy
    capital · SH20
  23. 2021-06-03
    ⚠️
    legacy
    insolvency · CAP-SS
  24. 2021-06-03
    📄
    resolution
    resolution · RESOLUTIONS
  25. 2017-09-30
    ➕
    STRONACHS SECRETARIES LIMITED appointed
    corporate-secretary
  26. 2017-09-30
    ➖
    MACLAY MURRAY & SPENS LLP resigned
    corporate-secretary
  27. 2017-04-26
    ➕
    EIDE, Ulf appointed
    director
  28. 2017-04-26
    ➕
    NOBLE, Stuart Iain appointed
    director
  29. 2017-04-26
    ➖
    VINDEX LIMITED resigned
    corporate-director
  30. 2017-04-26
    ➖
    VINDEX SERVICES LIMITED resigned
    corporate-director
  31. 2017-04-25
    ➖
    TRUESDALE, Christine resigned
    director
  32. 2017-03-28
    🏢
    Company incorporated
    As IOT ENERGY SERVICES LTD.
  33. 2017-03-28
    ➕
    MACLAY MURRAY & SPENS LLP appointed
    corporate-secretary
  34. 2017-03-28
    ➕
    TRUESDALE, Christine appointed
    director
  35. 2017-03-28
    ➕
    VINDEX LIMITED appointed
    corporate-director
  36. 2017-03-28
    ➕
    VINDEX SERVICES LIMITED appointed
    corporate-director

Owner dependency

58/100
Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.

Succession & seller-readiness

36/100
Weak signal

Limited succession signal. Not a near-term off-market candidate.

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

Red flags

1 high · 1 med ·
1 insolvency-related filing on record
high

Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.

Evidence: 2021-06-03: legacy

2 director resignations in last 12 months
medium

Multiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.

Evidence: EIDE, Ulf resigned 2026-01-31; NOBLE, Stuart Iain resigned 2026-01-31

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Brede Bjovad Larsen
Individual · Norwegian · DOB 08/1986 · age 40
25–50%
25–50%25-50% shares · 25-50% voting01/01/2024
Mr Berge Gerdt Larsen
Individual · Norwegian · DOB 11/1952 · age 74
25–50%
25–50%25-50% shares · 25-50% voting01/01/2024
4 historic (ceased) PSCs
  • Noco (Uk) Limitedceased 10/06/2021· 25-50% shares · 25-50% voting
  • Tot Drilling Ltdceased 29/08/2018· 75-100% shares · 75-100% voting · board control
  • Vindex Limitedceased 26/04/2017· 25-50% shares · 25-50% voting
  • Vindex Services Limitedceased 26/04/2017· 25-50% shares · 25-50% voting

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

🔒Co-director network graph

Radial SVG graph showing every company connected via shared directors, colour-coded by status.

Available from the Pro tier upwards.

See pricing →

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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
Incorporated2017-03-28
Jurisdictionscotland
Primary SIC82990 — Other business support service activities n.e.c.

Registered office

Independent Oil Tools Ltd Building Sir William Smith Road
Kirkton Industrial Estate
Arbroath
DD11 3RD
Scotland

Filing status

Accounts
Next due: 2027-09-30
Last made up to: 2025-12-31
Confirmation statement
Next due: 2027-04-04
Last: 2026-03-21

Officers (3 active · 6 resigned)

STRONACHS SECRETARIES LIMITED→
corporate-secretary · appointed 2017-09-30
View their other companies + combined net worth →
Active
REID, Christopher Donald→
director · ~49y · appointed 2026-01-31
View their other companies + combined net worth →
Active
ROPPESTAD, Oeyvind→
director · ~36y · appointed 2026-01-31
View their other companies + combined net worth →
Active
MACLAY MURRAY & SPENS LLP→
corporate-secretary · appointed 2017-03-28 · resigned 2017-09-30
Resigned
EIDE, Ulf→
director · ~65y · appointed 2017-04-26 · resigned 2026-01-31
Resigned
NOBLE, Stuart Iain→
director · ~46y · appointed 2017-04-26 · resigned 2026-01-31
Resigned
TRUESDALE, Christine→
director · ~66y · appointed 2017-03-28 · resigned 2017-04-25
Resigned
VINDEX LIMITED→
corporate-director · appointed 2017-03-28 · resigned 2017-04-26
Resigned
VINDEX SERVICES LIMITED→
corporate-director · appointed 2017-03-28 · resigned 2017-04-26
Resigned

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

Recent filings (67 total)

accounts-with-accounts-type-full
accounts · AA
2026-04-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-04-07
appoint-person-director-company-with-name-date
officers · AP01
2026-02-13
appoint-person-director-company-with-name-date
officers · AP01
2026-02-13
termination-director-company-with-name-termination-date
officers · TM01
2026-02-13
termination-director-company-with-name-termination-date
officers · TM01
2026-02-13
accounts-with-accounts-type-small
accounts · AA
2025-06-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-25
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-05-21
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-05-21
withdrawal-of-a-person-with-significant-control-statement
persons-with-significant-control · PSC09
2024-05-21
accounts-with-accounts-type-full
accounts · AA
2024-04-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-02
accounts-with-accounts-type-full
accounts · AA
2023-04-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-04-03