DRILLREADY LIMITED
- 70229Management consultancy activities other than financial management
Opportunity 71/100 (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 (58/100).
Data confidence
Overall: medium (78/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-05-31 | 2024-05-31 |
|---|
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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
Corporate timeline (10 events)Click to expand
- 2025-09-04📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-09-11📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-02-12📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-07-14📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-11-19📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-09-25📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-10-04📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2018-05-17🏢Company incorporatedAs DRILLREADY LIMITED
- 2018-05-17➕LUCAS, Simon Alexander appointeddirector
- 2018-05-17📄incorporation-companyincorporation · NEWINC
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Sole director: Only one active director — all governance concentrated on one person.
- +No director turnover: Company is 8 years old with no director changes — suggests a very tight-knit founder team never broadened.
Succession & seller-readiness
Some succession indicators present. Worth watching; approach if sector/strategy fits.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
Red flags
cleanShareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Simon Alexander Lucas Individual · British · DOB 10/1969 · age 57 | 50–75% | 50–75% | board control50-75% shares · 50-75% voting · board control | 17/05/2018 |
Mrs Katerina Lucas Individual · British · DOB 05/1976 · age 50 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 17/05/2018 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Similar companies
Active · Manufacturing · FK postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| ASPECT GAS CARE LIMITED→ SC408686 · est 2011 · no financials extracted | — | — | — | — | 14y | — | — |
| C A MODELS LTD.→ SC121230 · est 1989 · no financials extracted | — | — | — | — | 36y | — | — |
| CABLE PRESSURE SYSTEMS LIMITED→ SC151137 · est 1994 · no financials extracted | — | — | — | — | 31y | — | — |
| CHARLES BURRELL & SONS LTD→ SC878734 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| DRUMHEAD SANDSTONE LIMITED→ SC444065 · est 2013 · no financials extracted | — | — | — | — | 13y | — | — |
| DUNCAN MECHANICAL SERVICES LTD→ SC624117 · est 2019 · no financials extracted | — | — | — | — | 7y | — | — |
| DUNCAN SPECIALIST WELDING LTD→ SC319800 · est 2007 · no financials extracted | — | — | — | — | 19y | — | — |
| E & O LABORATORIES LIMITED→ SC125360 · est 1990 · no financials extracted | — | — | — | — | 35y | — | — |
| EDINBURGH WINDOWS SAFESEAL LTD→ SC841116 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| ENRICHES BY DEBORA LTD→ SC689164 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| EPION TECHNOLOGIES LTD→ SC842170 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| ERIK J MCMARTIN LTD→ SC849014 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
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 →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
Registered office
Filing status
Officers (1 active · 0 resigned)
Click a director name to see their full track record across all companies.