ALBACORE SYSTEMS LIMITED
🌳Matureactive
02699515 · ltd · incorporated 1992-03-23
Investment thesis
Well-run mature business — low negotiation leverage; premium likely.
Why interesting: Textbook target; clean filings, stable trading.
Why risky: No pressure on seller; any deal likely at full price.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
- · Oldest live charge 14.7y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
—
book net assets
Opportunity
82/100
Exceptional
What this business does
Primary activity: Business and domestic software development
Sector: Information & communication
ALSO REGISTERED FOR
- 62020Information technology consultancy activities
- 62030Computer facilities management activities
- 62090Other information technology service activities
Investor take
PursueActive trading company with a 67-year-old founder — textbook succession opportunity.
Opportunity 82/100 (exceptional), bankability 85/100. Strong seller-intent signal (83/100, director aged 67). Share purchase looks the cleaner deal structure. Most likely exit: strategic trade sale (73/100).
🏦
Refinance opportunity
1 live charge · oldest 14.7y
85/100
ready
Refinance conversation should be productive — structure clean and timing right.
- · Oldest live charge is 14.7 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Legal-friction score 15/100 — clean.
Data confidence
Overall: medium (78/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Company profile
address, 4 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
5 officers (3 active, 5 linked, 2 with DOB)
78
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
79 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
82/100Exceptional
PassWatchWorth a lookStrongExceptional
Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Average employees | 2300 | 2300 |
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
1
filing
- • 1 confirmation-statement
Last 180 days
1
filing
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (25 events)Click to expand
- 2025-12-11📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-12-17📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-12-14📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-12-08📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-11-12📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-11-02📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-12-06📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-11-14📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-11-01📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-01-05📄mortgage-satisfy-charge-fullmortgage · MR04
- 2017-01-05🔓Charge satisfied #1
- 2016-10-10📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2016-03-23📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2015-06-16📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2015-03-23📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2014-10-27📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2011-10-17🔒Charge registered #1Lender: Timothy Jobling, Richard Michael Moyse
- 1992-03-23🏢Company incorporatedAs ALBACORE SYSTEMS LIMITED
- 1992-03-23➕PUNTIS, Andrew John appointedsecretary
- 1992-03-23➕ATKINSON, Clifford Gerald appointeddirector
- 1992-03-23➕PUNTIS, Andrew John appointeddirector
- 1992-03-23➕TEMPLE SECRETARIES LIMITED appointedcorporate-nominee-secretary
- 1992-03-23➖TEMPLE SECRETARIES LIMITED resignedcorporate-nominee-secretary
- 1992-03-23➕COMPANY DIRECTORS LIMITED appointedcorporate-nominee-director
- 1992-03-23➖COMPANY DIRECTORS LIMITED resignedcorporate-nominee-director
Owner dependency
83/100
Critical — business is the founderThe business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
FACTORS
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Long-tenure founder: Senior director has been in place 34 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 67 — succession pressure is live.
Succession & seller-readiness
86/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 63+: Senior director is approximately 67. Approaching typical UK retirement age — succession thinking likely.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- primary20+ year tenure: Director in role 34 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 34 years old and no new directors in the last 3 years — succession not yet being planned internally.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Clifford Gerald Atkinson Individual · British · DOB 11/1959 · age 67 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 23/03/2017 |
Mr Andrew John Puntis Individual · British · DOB 06/1965 · age 61 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 23/03/2017 |
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 →Similar companies
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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
Incorporated1992-03-23
Jurisdictionengland-wales
Primary SIC62012 — Business and domestic software development
Registered office
The Mill Yard Nursling Street
Nursling
Southampton
SO16 0AJ
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-04-06
Last: 2026-03-23
Officers (3 active · 2 resigned)
PUNTIS, Andrew John→
Activesecretary · appointed 1992-03-23
View their other companies + combined net worth →
ATKINSON, Clifford Gerald→
Activedirector · ~67y · appointed 1992-03-23
View their other companies + combined net worth →
PUNTIS, Andrew John→
Activedirector · ~61y · appointed 1992-03-23
View their other companies + combined net worth →
TEMPLE SECRETARIES LIMITED→
Resignedcorporate-nominee-secretary · appointed 1992-03-23 · resigned 1992-03-23
COMPANY DIRECTORS LIMITED→
Resignedcorporate-nominee-director · appointed 1992-03-23 · resigned 1992-03-23
Click a director name to see their full track record across all companies.
Mortgages & charges
1
Total charges
0
Outstanding
0
Active lenders
Status:Lender:1 of 1 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Timothy Jobling, Richard Michael Moyse | Rent deposit deed | 1 property | 17/10/2011 | 05/01/2017 |
Recent filings (79 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-31
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-11-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-03-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-11-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-03-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-12-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-04-03