LOGIC BUSINESS SYSTEMS LIMITED

🌳Matureactive
02059640 · ltd · incorporated 1986-09-29
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.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 36.2y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Jul 2025
Net worth
—
book net assets
Opportunity
78/100
Strong
🔔
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What this business does
Primary activity: Wholesale of computers, computer peripheral equipment and software
Sector: Wholesale & retail
Investor take
Pursue
Active trading company with a 71-year-old founder — textbook succession opportunity.

Opportunity 78/100 (strong), bankability 75/100. Strong seller-intent signal (73/100, director aged 71). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 1 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

5 live charges · 2 lenders · oldest 36.2y

50/100
clean up first

Refinance viable after a tidy-up — address the highlighted items first.

  • · Oldest live charge is 36.2 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Legal-friction score 25/100 — workable, but lender will want more DD.

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
5 charges (5/5 with lender, 5/5 with type)
90
Directors & officers
4 officers (4 active, 4 linked, 3 with DOB)
85
Ownership & PSC
3 active PSC(s) of 3 total, 3 with control declared
90
Director network
5 connected companies via shared directors
60
Filing history
110 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
78/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
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£0Jul 2024Jul 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-07-312024-07-31
Average employees141600

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

🔒Filing-note intelligence

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

Last 30 days
0
filings
Last 90 days
1
filing
  • • 1 accounts
Last 180 days
3
filings
  • • 1 accounts
  • • 1 confirmation-statement
  • • 1 persons-with-significant-control
Counts from Companies House filing history.
Corporate timeline (25 events)Click to expand
  1. 2026-04-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2026-03-25
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  3. 2025-04-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2024-04-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2023-04-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2023-03-29
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  7. 2023-03-29
    📄
    change-person-director-company-with-change-date
    officers · CH01
  8. 2023-03-29
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  9. 2022-04-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2021-04-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2020-04-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2019-04-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2018-04-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2017-03-22
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2016-05-05
    📄
    accounts-amended-with-accounts-type-total-exemption-small
    accounts · AAMD
  16. 2013-01-31
    🔓
    Charge satisfied #4
  17. 2013-01-31
    🔓
    Charge satisfied #3
  18. 2013-01-31
    🔓
    Charge satisfied #2
  19. 2013-01-31
    🔓
    Charge satisfied #1
  20. 2011-07-07
    🔒
    Charge registered #5
    Lender: Clydesdale Bank PLC
  21. 2010-07-27
    🔒
    Charge registered #4
    Lender: Barclays Bank PLC
  22. 2002-11-08
    🔒
    Charge registered #3
    Lender: Barclays Bank PLC
  23. 2001-07-04
    🔒
    Charge registered #2
    Lender: Barclays Bank PLC
  24. 1990-04-27
    🔒
    Charge registered #1
    Lender: Barclays Bank PLC
  25. 1986-09-29
    🏢
    Company incorporated
    As LOGIC BUSINESS SYSTEMS LIMITED

Owner dependency

65/100
High — earn-out structure required

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

FACTORS
  • +Founder age: Director aged approximately 71 — succession pressure is live.

Succession & seller-readiness

70/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 71 years old. Natural succession window is now.
  • secondaryStable-but-static management: Company is 40 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

1 med ·
Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Shareholders & ownership

3 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr John Michael Stashkiw
Individual · British · DOB 08/1959 · age 67
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016
Mr Neil Graham Johnston
Individual · British · DOB 09/1962 · age 64
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016
Mr Stephen Stanley Bestwick
Individual · British · DOB 01/1955 · age 71
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016

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

7 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
Incorporated1986-09-29
Jurisdictionengland-wales
Primary SIC46510 — Wholesale of computers, computer peripheral equipment and software

Registered office

Sterling House
3 Wavell Drive, Rosehill Industrial Estate,
Carlisle
Cumbria
CA1 2SA
United Kingdom

Filing status

Accounts
Next due: 2027-04-30
Last made up to: 2025-07-31
Confirmation statement
Next due: 2027-04-13
Last: 2026-03-30

Officers (4 active · 0 resigned)

STASHKIW, John Michael→
secretary
View their other companies + combined net worth →
Active
BESTWICK, Stephen Stanley→
director · ~71y
View their other companies + combined net worth →
Active
JOHNSTON, Neil Graham→
director · ~64y
View their other companies + combined net worth →
Active
STASHKIW, John Michael→
director · ~67y
View their other companies + combined net worth →
Active

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

Mortgages & charges

5
Total charges
1
Outstanding
1
Active lenders
Status:Lender:5 of 5 shown
TypeProperties
outstanding
Virgin Money
Clydesdale Bank PLC
Debenture1 property07/07/2011—
satisfied
Barclays
Barclays Bank PLC
Guarantee & debenture1 property27/07/201031/01/2013
satisfied
Barclays
Barclays Bank PLC
Legal charge1 property08/11/200231/01/2013
satisfied
Barclays
Barclays Bank PLC
Legal charge1 property04/07/200131/01/2013
satisfied
Barclays
Barclays Bank PLC
Legal charge1 property27/04/199031/01/2013
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (110 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-04-28
confirmation-statement-with-updates
confirmation-statement · CS01
2026-03-30
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-03-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-04-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-31
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-04-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-04-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-04-04
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-03-29
change-person-director-company-with-change-date
officers · CH01
2023-03-29
change-person-secretary-company-with-change-date
officers · CH03
2023-03-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-04-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-05-17