ELFET LTD
💤Zombieactive
SC616005 · ltd · incorporated 2018-12-12
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 Dec 2024
Net worth
£-48.2k
book net assets
Opportunity
76/100
Strong
What this business does
Primary activity: SIC 01629
Sector: Agriculture, forestry & fishing
ALSO REGISTERED FOR
- 71121Engineering design activities for industrial process and production
- 72190Other research and experimental development on natural sciences and engineering
- 74909Other professional, scientific and technical activities n.e.c.
Investor take
Pass (distressed without resilience)Distressed active trading company — structural issues outweigh the discount.
Opportunity 76/100 (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 (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, 4 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 (1 active, 2 linked, 2 with DOB)
90
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
27 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
76/100Strong
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
90
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 102Negative net assets
Liabilities exceed assets by £48,182
Cash YoY
+867%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£80k
↑ 867% YoY
Net Worth
-£48k
↑ 33% YoY
Current Assets
£106k
↑ 258% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Total assets | £-48.2k | £-71.6k |
| Current assets | £106.3k | £29.7k |
| Cash | £80.2k | £8.3k |
| Debtors | £15.1k | £10.4k |
| Net assets | £-48.2k | £-71.6k |
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
0
filings
Last 90 days
0
filings
Last 180 days
1
filing
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (23 events)Click to expand
- 2025-10-01📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-03-10📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-03-10📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-03-10📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-01-23➖UNGERER, Anton Van Rhyn resigneddirector
- 2024-09-09📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-09-20📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-10-11📄change-person-director-company-with-change-dateofficers · CH01
- 2022-10-11📄change-person-director-company-with-change-dateofficers · CH01
- 2022-10-11📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2022-10-11📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2022-09-08📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-11-22➕UNGERER, Lorraine appointeddirector
- 2021-11-22📄change-person-director-company-with-change-dateofficers · CH01
- 2021-11-22📄change-person-director-company-with-change-dateofficers · CH01
- 2021-11-22📄appoint-person-director-company-with-name-dateofficers · AP01
- 2021-11-22📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2021-11-22📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2021-06-17📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-08-26📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-02-13📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2018-12-12🏢Company incorporatedAs ELFET LTD
- 2018-12-12➕UNGERER, Anton Van Rhyn appointeddirector
Owner dependency
83/100
Critical — business is the founderThe 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 62 — approaching natural succession window.
Succession & seller-readiness
55/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- secondaryFounder aged 58+: Senior director is approximately 62. Early succession window.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
Red flags
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mrs Lorraine Ungerer Individual · British · DOB 04/1964 · age 62 | 75–100% | 75–100% | 75-100% shares · 75-100% voting | 22/11/2021 |
1 historic (ceased) PSC
- Mr Anton Van Rhyn Ungererceased 23/01/2025· 25-50% shares · 25-50% voting
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Similar companies
Active · Agriculture · KY postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| EDEN VALLEY PRAWNS LTD→ SC788186 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| EXCELSIOR TREE SURGERY LIMITED→ SC703570 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| EZENGGILEER LTD→ SC444712 · est 2013 · no financials extracted | — | — | — | — | 13y | — | — |
| FERGUSON SALMON LIMITED→ SC103077 · est 1987 · no financials extracted | — | — | — | — | 39y | — | — |
| FINFISH LIMITED→ SC130308 · est 1991 · no financials extracted | — | — | — | — | 35y | — | — |
| FLORIMOND DESPREZ UK LTD→ SC863888 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| FOUR BRAES LTD→ SC746646 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| GAME SHOOTING FIFE LIMITED→ SC419401 · est 2012 · no financials extracted | — | — | — | — | 14y | — | — |
| GEORGE STORRAR (FARMERS) LIMITED→ SC035905 · est 1960 · no financials extracted | — | — | — | — | 65y | — | — |
| GRANGEMUIR POULTRY CO LIMITED→ SC843668 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| GREEN HUSKY COMPANY LTD→ SC656758 · est 2020 · no financials extracted | — | — | — | — | 6y | — | — |
| GREEN OAK VENTURES LTD→ SC668650 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
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
Incorporated2018-12-12
Jurisdictionscotland
Primary SIC01629 — SIC 01629
Registered office
73 Dunnikier Road
Kirkcaldy
KY1 2RL
Scotland
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-12-06
Last: 2025-11-22
Officers (1 active · 1 resigned)
UNGERER, Lorraine→
Activedirector · ~62y · appointed 2021-11-22
View their other companies + combined net worth →
UNGERER, Anton Van Rhyn→
Resigneddirector · ~63y · appointed 2018-12-12 · resigned 2025-01-23
Click a director name to see their full track record across all companies.
Recent filings (27 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-12-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-10-01
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-03-10
termination-director-company-with-name-termination-date
officers · TM01
2025-03-10
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-03-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-11-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-25
change-person-director-company-with-change-date
officers · CH01
2022-10-11
change-person-director-company-with-change-date
officers · CH01
2022-10-11
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-10-11
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-10-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-09-08