ALSI SUBSEA OPERATIONS LTD

💤Zombieactive
SC635568 · ltd · incorporated 2019-07-09
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
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Turnover
year to Jul 2024
Net worth
£9
book net assets
Opportunity
72/100
Strong
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What this business does
Primary activity: SIC 09100
Sector: Mining & quarrying
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 72/100 (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: Deleverage or restructure. Leverage at 100% of assets — consider sale of non-core assets or equity injection. 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.

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
2 officers (1 active, 2 linked, 2 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
17 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
72/100Strong
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
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £9
High leverage
Liabilities are 100% of total assets
Net assets shrinking
Down £32 YoY
Leverage
100%
Liabilities / Total assets

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
£9
↓ 78% YoY
Current Assets
£32k
↑ 33% YoY
Current Liabilities
£0£6k£13k£19k£25k£32kJul 2023Jul 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-07-312023-07-31
Total assets£32.4k£5.0k
Current assets£31.8k£23.9k
Cash£14.0k
Debtors£9.9k
Net assets£9£41

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
1
filing
  • 1 confirmation-statement
Last 180 days
1
filing
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (14 events)Click to expand
  1. 2025-04-09
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-04-01
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  3. 2025-03-31
    MATTHEW, Tracey Catherine resigned
    director
  4. 2024-04-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2023-03-07
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  6. 2023-01-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2022-04-26
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2020-08-21
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  9. 2019-08-07
    MATTHEW, Tracey Catherine appointed
    director
  10. 2019-08-07
    📄
    capital-allotment-shares
    capital · SH01
  11. 2019-08-07
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  12. 2019-07-09
    🏢
    Company incorporated
    As ALSI SUBSEA OPERATIONS LTD
  13. 2019-07-09
    MATTHEW, Ewan Kevin appointed
    director
  14. 2019-07-09
    📄
    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

clean
No 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%
NameSharesVoting rightsNature of controlNotified
Mr Ewan Kevin Matthew
Individual · Scottish · DOB 12/1984 · age 42
75100%
75–100%board control75-100% shares · 75-100% voting · board control09/07/2019

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

8 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
Incorporated2019-07-09
Jurisdictionscotland
Primary SIC09100 — SIC 09100

Registered office

23 Lochtyview Way
Thornton
Kirkcaldy
KY1 4BL
Scotland

Filing status

Accounts
Next due: 2026-04-30
Last made up to: 2024-07-31
Confirmation statement
Next due: 2027-02-07
Last: 2026-01-24

Officers (1 active · 1 resigned)

MATTHEW, Ewan Kevin
director · ~42y · appointed 2019-07-09
View their other companies + combined net worth →
Active
MATTHEW, Tracey Catherine
director · ~53y · appointed 2019-08-07 · resigned 2025-03-31
Resigned

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

Recent filings (17 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-28
accounts-with-accounts-type-micro-entity
accounts · AA
2025-04-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-01
termination-director-company-with-name-termination-date
officers · TM01
2025-04-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-04-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-07-24
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-03-07
accounts-with-accounts-type-micro-entity
accounts · AA
2023-01-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-07-22
accounts-with-accounts-type-micro-entity
accounts · AA
2022-04-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-07-30
accounts-with-accounts-type-dormant
accounts · AA
2020-08-21
confirmation-statement-with-updates
confirmation-statement · CS01
2020-08-21
capital-allotment-shares
capital · SH01
2019-08-07