ARATELLUS OFFSHORE LIMITED

🏛️Establishedactive
SC661348 · ltd · incorporated 2020-05-15
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
£-705.4k
book net assets
Opportunity
66/100
Strong
🔔
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What this business does
Primary activity: Other business support service activities n.e.c.
Sector: Administrative & support services
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 66/100 (strong), bankability 57/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: distressed disposal / insolvency (65/100).

🏦

Refinance opportunity

6 live charges · 4 lenders · oldest 5.5y

15/100
under pressure

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

  • · Oldest live charge is 5.5 years old — likely at or near maturity.
  • · 4 lenders named — inter-creditor friction likely.
  • · Cashflow trend is negative — lender view likely cautious.

Data confidence

Overall: high (82/100)

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
6 charges (6/6 with lender, 6/6 with type)
90
Directors & officers
9 officers (2 active, 9 linked, 7 with DOB)
86
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
11 connected companies via shared directors
78
Filing history
45 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
66/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
55
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
74
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Negative net assets
Liabilities exceed assets by £705,378
Net assets shrinking
Down £1,671,140 YoY
Cash draining
Cash down 78% YoY
Cash YoY
-78%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£488k
↓ 78% YoY
Net Worth
-£705k
↓ 173% YoY
Current Assets
£1.6m
↓ 80% YoY
Current Liabilities
—
-£705k£1.1m£2.8m£4.6m£6.4m£8.2mDec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-12-312023-12-31
Total assets£-546.5k£1.38M
Current assets£1.62M£8.17M
Cash£487.7k£2.26M
Debtors£1.13M£5.91M
Net assets£-705.4k£965.8k

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

3 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
3
filings
  • • 3 mortgage
Last 90 days
3
filings
  • • 3 mortgage
Last 180 days
3
filings
  • • 3 mortgage
Counts from Companies House filing history.
Corporate timeline (46 events)Click to expand
  1. 2026-04-14
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  2. 2026-04-14
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  3. 2026-04-14
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  4. 2026-04-03
    🔒
    Charge registered #6
    Lender: Infinity Ventures Limited as Security Trustee
  5. 2026-04-03
    🔒
    Charge registered #5
    Lender: Infinity Ventures Limited as Security Trustee
  6. 2026-04-03
    🔒
    Charge registered #4
    Lender: Infinity Ventures Limited
  7. 2025-09-11
    📄
    accounts-with-accounts-type-small
    accounts · AA
  8. 2025-06-02
    ➕
    HARDIE, Christopher John appointed
    director
  9. 2025-06-02
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  10. 2025-05-06
    📄
    memorandum-articles
    incorporation · MA
  11. 2025-05-06
    📄
    resolution
    resolution · RESOLUTIONS
  12. 2025-05-06
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  13. 2025-05-02
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  14. 2025-05-02
    📄
    withdrawal-of-a-person-with-significant-control-statement
    persons-with-significant-control · PSC09
  15. 2025-05-02
    📄
    notification-of-a-person-with-significant-control-statement
    persons-with-significant-control · PSC08
  16. 2025-05-02
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  17. 2025-05-02
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  18. 2025-05-01
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  19. 2025-05-01
    🔓
    Charge satisfied #1
  20. 2025-04-30
    🔒
    Charge registered #3
    Lender: Harwood Private Capital U.K. L.P. Acting by Its General Partner Harwood Private Capital Gp LLP
  21. 2025-04-30
    🔒
    Charge registered #2
    Lender: Harwood Private Capital U.K. L.P. Acting by Its General Partner Harwood Private Capital Gp LLP
  22. 2024-12-02
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  23. 2024-05-01
    ➖
    SERVICES LIMITED, Brodies Secretarial resigned
    secretary
  24. 2024-05-01
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  25. 2024-05-01
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  26. 2023-09-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  27. 2023-05-01
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  28. 2023-02-01
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  29. 2023-01-05
    ➖
    MCBARRON, Kevin resigned
    director
  30. 2022-09-29
    📄
    appoint-person-secretary-company-with-name-date
    officers · AP03
  31. 2022-09-29
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  32. 2022-09-22
    ➕
    SERVICES LIMITED, Brodies Secretarial appointed
    secretary
  33. 2022-09-22
    ➖
    STRONACHS SECRETARIES LIMITED resigned
    corporate-secretary
  34. 2022-09-22
    ➖
    GRAY, Steven Christie resigned
    director
  35. 2022-06-09
    ➕
    COWIE, Simon Henry Dyer appointed
    director
  36. 2022-06-09
    ➕
    MCBARRON, Kevin appointed
    director
  37. 2020-10-22
    🔒
    Charge registered #1
    Lender: Sulmara Subsea Limited (SC606923)
  38. 2020-09-10
    ➕
    GRAY, Steven Christie appointed
    director
  39. 2020-09-10
    ➖
    MURRAY, John resigned
    director
  40. 2020-09-08
    ➖
    DONALD, Malcolm James Robert resigned
    director
  41. 2020-09-08
    ➖
    FORBES, Neil David resigned
    director
  42. 2020-09-08
    ➕
    MURRAY, John appointed
    director
  43. 2020-05-15
    🏢
    Company incorporated
    As ARATELLUS OFFSHORE LIMITED
  44. 2020-05-15
    ➕
    STRONACHS SECRETARIES LIMITED appointed
    corporate-secretary
  45. 2020-05-15
    ➕
    DONALD, Malcolm James Robert appointed
    director
  46. 2020-05-15
    ➕
    FORBES, Neil David appointed
    director

Owner dependency

58/100
Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.

Succession & seller-readiness

36/100
Weak signal

Limited succession signal. Not a near-term off-market candidate.

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

Red flags

1 med · 1 low
5 new charges in last 12 months
medium

Heavy recent charge activity can indicate refinancing pressure, aggressive leverage, or multiple lender rotation.

Evidence: 2026-04-03: A registered charge; 2026-04-03: A registered charge; 2026-04-03: A registered charge

5 live charges
low

Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.

Group structure

Aratellus Midco Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Aratellus Midco Limited
Corporate parent · holds 75-100% shares
ultimate parent
⬇
ARATELLUS OFFSHORE LIMITED
This company · SC661348

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Aratellus Midco Limited
Corporate entity
75–100%
75–100%75-100% shares · 75-100% voting30/04/2025
2 historic (ceased) PSCs
  • Sulmara Subsea Limitedceased 30/04/2025· 75-100% shares · 75-100% voting
  • Mr Steven Christie Grayceased 02/11/2020· 75-100% shares · 75-100% voting · board control

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

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
Incorporated2020-05-15
Jurisdictionscotland
Primary SIC82990 — Other business support service activities n.e.c.

Registered office

5 Carden Place
Aberdeen
AB10 1UT
Scotland

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-05-28
Last: 2025-05-14

Officers (2 active · 7 resigned)

COWIE, Simon Henry Dyer→
director · ~53y · appointed 2022-06-09
View their other companies + combined net worth →
Active
HARDIE, Christopher John→
director · ~39y · appointed 2025-06-02
View their other companies + combined net worth →
Active
SERVICES LIMITED, Brodies Secretarial→
secretary · appointed 2022-09-22 · resigned 2024-05-01
Resigned
STRONACHS SECRETARIES LIMITED→
corporate-secretary · appointed 2020-05-15 · resigned 2022-09-22
Resigned
DONALD, Malcolm James Robert→
director · ~48y · appointed 2020-05-15 · resigned 2020-09-08
Resigned
FORBES, Neil David→
director · ~56y · appointed 2020-05-15 · resigned 2020-09-08
Resigned
GRAY, Steven Christie→
director · ~54y · appointed 2020-09-10 · resigned 2022-09-22
Resigned
MCBARRON, Kevin→
director · ~57y · appointed 2022-06-09 · resigned 2023-01-05
Resigned
MURRAY, John→
director · ~55y · appointed 2020-09-08 · resigned 2020-09-10
Resigned

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

Mortgages & charges

6
Total charges
5
Outstanding
3
Active lenders
Status:Lender:6 of 6 shown
TypeProperties
outstanding
Infinity Ventures as Security Trustee
Infinity Ventures Limited as Security Trustee
A registered charge—03/04/2026—
outstanding
Infinity Ventures as Security Trustee
Infinity Ventures Limited as Security Trustee
A registered charge—03/04/2026—
outstanding
Infinity Ventures
Infinity Ventures Limited
A registered charge—03/04/2026—
outstanding
Harwood Private Capital U.K. L.P. Acting by Its General Partner Harwood Private Capital Gp
Harwood Private Capital U.K. L.P. Acting by Its General Partner Harwood Private Capital Gp LLP
A registered charge—30/04/2025—
outstanding
Harwood Private Capital U.K. L.P. Acting by Its General Partner Harwood Private Capital Gp
Harwood Private Capital U.K. L.P. Acting by Its General Partner Harwood Private Capital Gp LLP
A registered charge—30/04/2025—
satisfied
Sulmara Subsea (SC606923)
Sulmara Subsea Limited (SC606923)
A registered charge—22/10/202001/05/2025
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (45 total)

mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-04-14
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-04-14
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-04-14
accounts-with-accounts-type-small
accounts · AA
2025-09-11
appoint-person-director-company-with-name-date
officers · AP01
2025-06-02
confirmation-statement-with-updates
confirmation-statement · CS01
2025-05-14
memorandum-articles
incorporation · MA
2025-05-06
resolution
resolution · RESOLUTIONS
2025-05-06
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-05-06
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2025-05-02
withdrawal-of-a-person-with-significant-control-statement
persons-with-significant-control · PSC09
2025-05-02
notification-of-a-person-with-significant-control-statement
persons-with-significant-control · PSC08
2025-05-02
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-05-02
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-05-02
mortgage-satisfy-charge-full
mortgage · MR04
2025-05-01