NORTHERLY MARINE SERVICES LTD

🏛️Establishedactive
SC563688 · ltd · incorporated 2017-04-19
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.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 6.1y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Apr 2025
Net worth
£450.7k
book net assets
Opportunity
74/100
Strong
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What this business does
Primary activity: SIC 50100
Sector: Transportation & storage
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 74/100 (strong), bankability 80/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

1 live charge · oldest 6.1y

85/100
ready

Refinance conversation should be productive — structure clean and timing right.

  • · Oldest live charge is 6.1 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 15/100 — clean.

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
1 charges (1/1 with lender, 1/1 with type)
90
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
19 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
74/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
65
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £450,687
Cash YoY
+163%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£337k
↑ 163% YoY
Net Worth
£451k
↑ 59% YoY
Current Assets
£373k
↑ 124% YoY
Current Liabilities
—
£0£90k£180k£270k£361k£451kApr 2024Apr 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-04-302024-04-30
Total assets£516.2k£336.1k
Current assets£372.8k£166.8k
Cash£336.9k£128.2k
Debtors£36.0k£38.6k
Net assets£450.7k£283.3k

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 accounts
Counts from Companies House filing history.
Corporate timeline (15 events)Click to expand
  1. 2026-01-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-01-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-02-15
    📄
    change-person-director-company-with-change-date
    officers · CH01
  4. 2024-01-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2022-12-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2021-08-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2021-01-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2020-03-25
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  9. 2020-03-11
    🔒
    Charge registered #1
    Lender: Clydesdale Bank PLC (Trading as Both Clydesdale and Yorkshire Bank) (Company Number SC001111)
  10. 2020-01-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2018-08-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2017-04-19
    🏢
    Company incorporated
    As NORTHERLY MARINE SERVICES LTD
  13. 2017-04-19
    ➕
    BROUGH, Steven Alan appointed
    director
  14. 2017-04-19
    ➕
    PHILLIPS, Paul James appointed
    director
  15. 2017-04-19
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

63/100
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.
  • +No director turnover: Company is 9 years old with no director changes — suggests a very tight-knit founder team never broadened.

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

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
Mr Steven Alan Brough
Individual · British · DOB 11/1984 · age 42
25–50%
25–50%25-50% shares · 25-50% voting19/04/2017
Mr Paul James Phillips
Individual · British · DOB 12/1981 · age 45
25–50%
25–50%25-50% shares · 25-50% voting19/04/2017

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

6 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.

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Company details

Statusactive
Typeltd
Incorporated2017-04-19
Jurisdictionscotland
Primary SIC50100 — SIC 50100

Registered office

An Darrach
Tankerness
Orkney
KW17 2QU
United Kingdom

Filing status

Accounts
Next due: 2027-01-31
Last made up to: 2025-04-30
Confirmation statement
Next due: 2026-05-02
Last: 2025-04-18

Officers (2 active · 0 resigned)

BROUGH, Steven Alan→
director · ~42y · appointed 2017-04-19
View their other companies + combined net worth →
Active
PHILLIPS, Paul James→
director · ~45y · appointed 2017-04-19
View their other companies + combined net worth →
Active

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
Virgin Money
Clydesdale Bank PLC (Trading as Both Clydesdale and Yorkshire Bank) (Company Number SC001111)
A registered charge—11/03/2020—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (19 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-01-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-01-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-01
change-person-director-company-with-change-date
officers · CH01
2024-02-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-01-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-04-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-04-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-08-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-05-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-01-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-04-23
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2020-03-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-01-21