DAVID HANNAH BLACKSMITH & FOUNDRY SERVICES LTD

💤Zombieactive
SC746575 · ltd · incorporated 2022-10-06
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
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Turnover
year to Oct 2023
Net worth
£126
book net assets
Opportunity
60/100
Worth a look
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What this business does
Primary activity: Manufacture of metal structures and parts of structures
Sector: Manufacturing
Investor take
Special-situation opportunity
Distressed manufacturing with salvageable qualities — special-situations priority.

Opportunity 60/100 (worth a look), bankability 50/100. 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: medium (71/100)

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
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
Confirmed no charges registered
85
Directors & officers
1 officers (1 active, 1 linked, 1 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
7 filings
60
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
60/100Worth a look
PassWatchWorth a lookStrongExceptional 

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

Business quality
45
Concerning — overdue filings or status flags present.
Acquirability
50
Some acquirability indicators.
Risk profile
67
Some moderate concerns — review 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 £126

Key financials

1 year extracted from filed iXBRL accounts
Cash
Net Worth
£126
Current Assets
£20k
Current Liabilities

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2023-10-31
Total assets£26.9k
Current assets£20.4k
Net assets£126

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

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 (6 events)Click to expand
  1. 2025-10-18
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  2. 2025-09-30
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  3. 2024-06-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2022-10-06
    🏢
    Company incorporated
    As DAVID HANNAH BLACKSMITH & FOUNDRY SERVICES LTD
  5. 2022-10-06
    HANNAH, David appointed
    director
  6. 2022-10-06
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

90/100
Critical — business is the founder

The 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.
  • +Founder name in company name: Company name contains director surname "HANNAH" — strong identity link between founder and business.

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: 2025-07-31

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr David Hannah
Individual · British · DOB 11/1969 · age 57
75100%
75–100%board control75-100% shares · 75-100% voting · board control06/10/2022

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.

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

10 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.

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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.

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Company details

Statusactive
Typeltd
Incorporated2022-10-06
Jurisdictionscotland
Primary SIC25110 — Manufacture of metal structures and parts of structures

Registered office

19 Glencairn Street
Stevenston
KA20 3BE
Scotland

Filing status

Accounts
Next due: 2025-07-31OVERDUE
Last made up to: 2023-10-31
Confirmation statement
Next due: 2026-10-19
Last: 2025-10-05

Officers (1 active · 0 resigned)

HANNAH, David
director · ~57y · appointed 2022-10-06
View their other companies + combined net worth →
Active

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

Recent filings (7 total)

gazette-filings-brought-up-to-date
gazette · DISS40
2025-10-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-17
gazette-notice-compulsory
gazette · GAZ1
2025-09-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-16
accounts-with-accounts-type-micro-entity
accounts · AA
2024-06-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-25
incorporation-company
incorporation · NEWINC
2022-10-06