EASTSIDE RAPIDS LTD

💤Zombieactive
SC632609 · ltd · incorporated 2019-06-06
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 Jun 2024
Net worth
book net assets
Opportunity
62/100
Worth a look
🔔
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What this business does
Primary activity: Sports and recreation education
Sector: Education
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 62/100 (worth a look), bankability 55/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: share sale to pe / searcher (38/100).

Data confidence

Overall: high (81/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

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
3 officers (1 active, 3 linked, 3 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
5 connected companies via shared directors
60
Filing history
18 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
62/100Worth a look
PassWatchWorth a lookStrongExceptional 

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

Business quality
50
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
90
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
Current Assets
Current Liabilities
£0£0£0£0£0£0Jun 2023Jun 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-06-302023-06-30
Average employees100100

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
0
filings
Counts from Companies House filing history.
Corporate timeline (18 events)Click to expand
  1. 2025-04-01
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-03-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2022-12-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2022-06-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2021-06-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2021-04-06
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  7. 2021-03-30
    GILLESPIE, Stuart William resigned
    director
  8. 2020-12-03
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  9. 2020-12-03
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  10. 2020-10-01
    DODDS, Kerr appointed
    director
  11. 2019-06-21
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  12. 2019-06-21
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  13. 2019-06-21
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  14. 2019-06-15
    DODDS, Kerr resigned
    director
  15. 2019-06-10
    GILLESPIE, Stuart William appointed
    director
  16. 2019-06-06
    🏢
    Company incorporated
    As EASTSIDE RAPIDS LTD
  17. 2019-06-06
    DODDS, Kerr appointed
    director
  18. 2019-06-06
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

75/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.

Succession & seller-readiness

45/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

Red flags

1 high ·
Accounts overdue
high

Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.

Evidence: Next due: 2026-03-31

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Kerr Dodds
Individual · British · DOB 05/1985 · age 41
75100%
75–100%board control75-100% shares · 75-100% voting · board control06/06/2019

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

9 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
Incorporated2019-06-06
Jurisdictionscotland
Primary SIC85510 — Sports and recreation education

Registered office

32 Sycamore Drive 32 Sycamore Drive
Penicuik
Midlothian
EH26 0FT
Scotland

Filing status

Accounts
Next due: 2026-03-31OVERDUE
Last made up to: 2024-06-30
Confirmation statement
Next due: 2026-06-19
Last: 2025-06-05

Officers (1 active · 2 resigned)

DODDS, Kerr
director · ~41y · appointed 2020-10-01
View their other companies + combined net worth →
Active
DODDS, Kerr
director · ~41y · appointed 2019-06-06 · resigned 2019-06-15
Resigned
GILLESPIE, Stuart William
director · ~47y · appointed 2019-06-10 · resigned 2021-03-30
Resigned

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

Recent filings (18 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-04-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-06-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-03-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-07-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-07-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-06-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-07-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-06-06
termination-director-company-with-name-termination-date
officers · TM01
2021-04-06
appoint-person-director-company-with-name-date
officers · AP01
2020-12-03
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2020-12-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-06-18
termination-director-company-with-name-termination-date
officers · TM01
2019-06-21