THETA COMPUTER SERVICES LIMITED
- 62020Information technology consultancy activities
- 62090Other information technology service activities
Opportunity 77/100 (strong), bankability 85/100. Strong seller-intent signal (78/100, director aged 82). 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).
Refinance opportunity
3 live charges · 2 lenders · oldest 43.5y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 43.5 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (79/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredKey financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Total assets | £-55.8k | — |
| Current assets | £10.3k | — |
| Cash | £7.1k | — |
| Debtors | £3.1k | — |
| Net assets | £-55.8k | — |
| Average employees | — | 0 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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
- • 1 confirmation-statement
Corporate timeline (29 events)Click to expand
- 2025-05-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-09-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-02-20📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-02-20📄legacyaccounts · PARENT_ACC
- 2024-02-20📄legacyother · GUARANTEE2
- 2024-02-20📄legacyother · AGREEMENT2
- 2024-02-09📄legacyother · AGREEMENT2
- 2024-02-09📄legacyother · GUARANTEE2
- 2023-10-25📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC05
- 2022-12-14📄legacyaccounts · PARENT_ACC
- 2022-12-14📄legacyother · GUARANTEE2
- 2022-12-14📄legacyother · AGREEMENT2
- 2022-10-01📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-12-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-12-29📄legacyaccounts · PARENT_ACC
- 2021-12-29📄legacyother · AGREEMENT2
- 2021-12-29📄legacyother · GUARANTEE2
- 2020-12-02📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2015-09-07🔓Charge satisfied #3
- 1997-11-13➕ARM SECRETARIES LIMITED appointedcorporate-secretary
- 1997-11-13➖ANSTISS, Eileen Margaret resignedsecretary
- 1993-10-29➕ANSTISS, Eileen Margaret appointedsecretary
- 1993-10-29➖DAUD, Mahomed Iqbal resignedsecretary
- 1992-06-25🔓Charge satisfied #1
- 1991-09-11🔒Charge registered #3Lender: Barclays Bank PLC
- 1990-08-17🔓Charge satisfied #2
- 1982-11-23🔒Charge registered #2Lender: Lloyds Bank LTD
- 1982-11-23🔒Charge registered #1Lender: Lloyds Bank LTD
- 1979-11-01🏢Company incorporatedAs THETA COMPUTER SERVICES LIMITED
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Sole director: Only one active director — all governance concentrated on one person.
- +Founder age: Director aged approximately 82 — succession pressure is live.
Succession & seller-readiness
Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
- primaryFounder aged 70+: Senior director is approximately 82 years old. Natural succession window is now.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- secondaryStable-but-static management: Company is 47 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
1 med ·Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
M & S Shipping Group Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
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%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
M & S Shipping Group Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 06/04/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
See pricing →Similar companies
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| 1 OF 1 BEAUTY LTD→ 16956481 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
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| 10 MILLION WOMEN LTD→ 12691529 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| 100 HUNDRED LTD→ 16071549 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| 118 COMMODITIES LTD→ 15502168 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| 12TOSIX LTD→ 14386138 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| 16-OCTETS LIMITED→ 13903642 · est 2022 · no financials extracted | — | — | — | — | 4y | — | — |
| 1FORALL - LONDON LTD→ 12052459 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| 22RETRO LTD→ 16494018 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| 22SOURCING LTD→ 16483661 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| 248 SHIPPING LTD→ 16652602 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| 24SEVEN LONDON LIMITED→ 16157688 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
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 →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
Registered office
Filing status
Officers (2 active · 2 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Barclays Barclays Bank PLC | Debenture | 1 property | 11/09/1991 | 07/09/2015 | |
| satisfied | Lloyds Banking Group Lloyds Bank LTD | Letter of set-off | 1 property | 23/11/1982 | 17/08/1990 | |
| satisfied | Lloyds Banking Group Lloyds Bank LTD | Debenture | 1 property | 23/11/1982 | 25/06/1992 |