ASSETWARE LIMITED

💤Zombieactive
02144517 · ltd · incorporated 1987-07-03
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
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
£80.8k
book net assets
Opportunity
79/100
Strong
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What this business does
Primary activity: Business and domestic software development
Sector: Information & communication
Investor take
Pursue
Active trading company with a 66-year-old founder — textbook succession opportunity.

Opportunity 79/100 (strong), bankability 67/100. Strong seller-intent signal (68/100, director aged 66). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

3 live charges · 3 lenders · oldest 33.7y

15/100
under pressure

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

  • · Oldest live charge is 33.7 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: high (80/100)

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
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
8 officers (2 active, 8 linked, 5 with DOB)
83
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
4 connected companies via shared directors
57
Filing history
125 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
79/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £80,770
Net assets shrinking
Down £4,824 YoY

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£81k
↓ 5.6% YoY
Current Assets
£100k
↓ 2.0% YoY
Current Liabilities
—
£0£20k£41k£61k£82k£102kDec 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£86.2k£90.1k
Current assets£100.4k£102.5k
Net assets£80.8k£85.6k

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
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (31 events)Click to expand
  1. 2025-09-17
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-09-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2024-01-05
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  4. 2023-12-31
    ➖
    MORIARTY, Eleanor resigned
    director
  5. 2023-09-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2023-01-02
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  7. 2022-10-25
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2021-10-26
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2020-12-15
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2019-12-31
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  11. 2019-12-20
    ➕
    MORIARTY, Eleanor appointed
    director
  12. 2019-09-26
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2018-09-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  14. 2018-05-24
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  15. 2017-09-25
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  16. 2016-09-29
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  17. 2016-01-28
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  18. 2008-12-31
    ➖
    TUNESI, Gail Jeanette resigned
    director
  19. 2005-04-15
    🔒
    Charge registered #3
    Lender: Sopwell Properties Limited
  20. 2004-07-07
    🔒
    Charge registered #2
    Lender: The Royal Bank of Scotland PLC
  21. 2004-03-25
    🔓
    Charge satisfied #1
  22. 1998-07-31
    ➖
    BADIA, Carlo James resigned
    director
  23. 1998-04-22
    ➕
    TUNESI, Gail Jeanette appointed
    director
  24. 1993-11-01
    ➕
    MORIARTY, Stephen Daniel appointed
    secretary
  25. 1993-11-01
    ➖
    BADIA, Carlo James resigned
    secretary
  26. 1993-11-01
    ➕
    BADIA, Carlo James appointed
    director
  27. 1992-10-05
    🔒
    Charge registered #1
    Lender: Midland Bank PLC
  28. 1992-04-28
    ➕
    BADIA, Carlo James appointed
    secretary
  29. 1992-04-28
    ➖
    MORIARTY, Stephen Daniel resigned
    secretary
  30. 1992-04-28
    ➖
    GUTTMANN, Michael resigned
    director
  31. 1987-07-03
    🏢
    Company incorporated
    As ASSETWARE LIMITED

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 age: Director aged approximately 66 — succession pressure is live.

Succession & seller-readiness

75/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 66. Approaching typical UK retirement age — succession thinking likely.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondaryStable-but-static management: Company is 39 years old and no new directors in the last 3 years — succession not yet being planned internally.

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 Stephen Moriarty
Individual · British · DOB 01/1960 · age 66
75–100%
—75-100% shares07/04/2016

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

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
Incorporated1987-07-03
Jurisdictionengland-wales
Primary SIC62012 — Business and domestic software development

Registered office

Rivers Lodge
West Common
Harpenden
AL5 2JD
England

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-01-14
Last: 2025-12-31

Officers (2 active · 6 resigned)

MORIARTY, Stephen Daniel→
secretary · appointed 1993-11-01
View their other companies + combined net worth →
Active
MORIARTY, Stephen Daniel→
director · ~66y
View their other companies + combined net worth →
Active
BADIA, Carlo James→
secretary · appointed 1992-04-28 · resigned 1993-11-01
Resigned
MORIARTY, Stephen Daniel→
secretary · resigned 1992-04-28
Resigned
BADIA, Carlo James→
director · ~63y · appointed 1993-11-01 · resigned 1998-07-31
Resigned
GUTTMANN, Michael→
director · ~83y · resigned 1992-04-28
Resigned
MORIARTY, Eleanor→
director · ~28y · appointed 2019-12-20 · resigned 2023-12-31
Resigned
TUNESI, Gail Jeanette→
director · ~62y · appointed 1998-04-22 · resigned 2008-12-31
Resigned

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

Mortgages & charges

3
Total charges
2
Outstanding
2
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
outstanding
Sopwell Properties
Sopwell Properties Limited
Rent deposit deed1 property15/04/2005—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Debenture1 property07/07/2004—
satisfied
Midland Bank
Midland Bank PLC
Fixed and floating charge1 property05/10/199225/03/2004
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (125 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-13
accounts-with-accounts-type-micro-entity
accounts · AA
2025-09-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-13
accounts-with-accounts-type-micro-entity
accounts · AA
2024-09-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-05
termination-director-company-with-name-termination-date
officers · TM01
2024-01-05
accounts-with-accounts-type-micro-entity
accounts · AA
2023-09-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-01-02
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-01-02
accounts-with-accounts-type-micro-entity
accounts · AA
2022-10-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-01-18
accounts-with-accounts-type-micro-entity
accounts · AA
2021-10-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-01-13
accounts-with-accounts-type-micro-entity
accounts · AA
2020-12-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-12-31