EQUIPSHIFT LTD

💤Zombieactive
SC591596 · ltd · incorporated 2018-03-16
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 Mar 2025
Net worth
£773.5k
book net assets
Opportunity
78/100
Strong
🔔
Follow this company (free)
Email alerts on filings, charges, director changes, gazette notices. No account needed.

Unsubscribe any time from any email. GDPR-respectful.

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch
What this business does
Primary activity: SIC 33190
Sector: Manufacturing
ALSO REGISTERED FOR
  • 46690Wholesale of other machinery and equipment
  • 77390Renting and leasing of other machinery, equipment and tangible goods n.e.c.
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 78/100 (strong), bankability 80/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -35% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

1 live charge · oldest 3.7y

35/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Charge age ~3.7 years — mid-life; refi window approaching.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (77/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, 3 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, 1 with DOB)
80
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
25 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
78/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
65
Adequate — check latest filings for context.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Positive net assets
Net assets £773,488
Net assets shrinking
Down £97,147 YoY
Cash YoY
-35%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£183k
↓ 35% YoY
Net Worth
£773k
↓ 11% YoY
Current Assets
£465k
↑ 1.9% YoY
Current Liabilities
—
£0£174k£348k£522k£697k£871kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-03-312024-03-31
Total assets£1.19M£1.26M
Current assets£464.8k£456.2k
Cash£183.1k£280.8k
Debtors£281.7k£175.4k
Net assets£773.5k£870.6k

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
1
filing
  • • 1 confirmation-statement
Last 90 days
1
filing
  • • 1 confirmation-statement
Last 180 days
2
filings
  • • 1 confirmation-statement
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (21 events)Click to expand
  1. 2025-12-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-07-08
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  3. 2024-12-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-12-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2023-03-16
    📄
    capital-name-of-class-of-shares
    capital · SH08
  6. 2022-08-09
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  7. 2022-08-08
    🔒
    Charge registered #1
    Lender: Bank of Scotland PLC
  8. 2022-05-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2021-09-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2020-07-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2020-06-05
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  12. 2019-10-09
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2018-07-12
    📄
    change-person-director-company-with-change-date
    officers · CH01
  14. 2018-07-12
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  15. 2018-07-12
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  16. 2018-07-12
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  17. 2018-07-11
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  18. 2018-03-16
    🏢
    Company incorporated
    As EQUIPSHIFT LTD
  19. 2018-03-16
    ➕
    GRANT, Diane appointed
    secretary
  20. 2018-03-16
    ➕
    GRANT, Graham appointed
    director
  21. 2018-03-16
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

88/100
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 59 — approaching natural succession window.
  • +No director turnover: Company is 8 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

55/100
Strong succession signal

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

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 59. Early succession window.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

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
Mrs Diane Grant
Individual · Scottish · DOB 11/1965 · age 61
25–50%
—25-50% shares16/03/2018
Mr Graham Grant
Individual · Scottish · DOB 06/1967 · age 59
25–50%
—25-50% shares16/03/2018

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

Similar companies

Active · Manufacturing · AB postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
DRILL ACCOUNTING LIMITED→
SC463170 · est 2013 · no financials extracted
————12y——
DRUMBURN ENERGY LIMITED→
SC512535 · est 2015 · no financials extracted
————10y——
E MCINTOSH CONSTRUCTION LIMITED→
SC812817 · est 2024 · no financials extracted
————1y——
E.A.D PRECISION SERVICES LTD→
SC740909 · est 2022 · no financials extracted
————3y——
ENGINEERING INSIGHTS LIMITED→
SC188939 · est 1998 · no financials extracted
————27y——
ENGINEERINGPALS LTD→
SC839381 · est 2025 · no financials extracted
————1y——
ENI IN AMENAS LIMITED→
SC135813 · est 1991 · no financials extracted
————34y——
EOS EUROPE LTD→
SC556455 · est 2017 · no financials extracted
————9y——
EOS TECHNIX LIMITED→
SC605556 · est 2018 · no financials extracted
————7y——
ESR WATERFRONT (GROUP) LTD→
SC834328 · est 2025 · no financials extracted
————1y——
ESSCH ENGINEERING LTD→
SC631139 · est 2019 · no financials extracted
————6y——
ESTE CANDLES LTD→
SC767817 · est 2023 · no financials extracted
————2y——
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
Incorporated2018-03-16
Jurisdictionscotland
Primary SIC33190 — SIC 33190

Registered office

C/O Nuvo Scotland Limited Bankhead Drive, City South Office Park
Portlethen
Aberdeen
Scotland
AB12 4XX
United Kingdom

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-03-29
Last: 2026-03-15

Officers (2 active · 0 resigned)

GRANT, Diane→
secretary · appointed 2018-03-16
View their other companies + combined net worth →
Active
GRANT, Graham→
director · ~59y · appointed 2018-03-16
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
Lloyds Banking Group
Bank of Scotland PLC
A registered charge—08/08/2022—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (25 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-31
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-11
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-07-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-20
confirmation-statement-with-updates
confirmation-statement · CS01
2023-03-16
capital-name-of-class-of-shares
capital · SH08
2023-03-16
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-08-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-05-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-09-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-03-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-07-29