BUSINESS SYSTEMS GROUP HOLDINGS LIMITED

⚰️Wound downdissolved

02923809 · ltd · incorporated 1994-04-28

Investment thesis

Company dissolved — not a live target.

Why interesting: Historical record only; useful for precedent research.

Why risky: Not transactable.

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Feb 2023

Net worth

£7.36M

book net assets

Opportunity

42/100

Watch

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What this business does

Primary activity: Non-trading company

Sector: Professional, scientific & technical

Investor take

Pass (distressed without resilience)

Distressed dormant / non-trading — structural issues outweigh the discount.

Opportunity 42/100 (watch), bankability 52/100. Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: asset disposal / carve-out (30/100). Current lenders should be on monthly review.

🏦

Refinance opportunity

6 live charges · 4 lenders · oldest 31.6y

25/100

too messy

Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.

· Oldest live charge is 31.6 years old — likely at or near maturity.
· 4 lenders named — inter-creditor friction likely.
· Legal-friction score 50/100 (high).

Data confidence

Overall: high (84/100)

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

Lenders & charges

6 charges (6/6 with lender, 6/6 with type)

Directors & officers

28 officers (3 active, 28 linked, 22 with DOB)

Ownership & PSC

1 active PSC(s) of 1 total, 1 with control declared

Director network

15 connected companies via shared directors

Filing history

253 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

42/100Watch

PassWatchWorth a lookStrongExceptional

Not actionable now, but monitor — distressed, succession, or structural changes could flip this into a real opportunity.

Business quality

Concerning — overdue filings or status flags present.

Acquirability

Some acquirability indicators.

Risk profile

Multiple red flags — proceed with caution.

Signal strength

100

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared

Positive net assets

Net assets £7,360,533

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

£7.4m

~ YoY

Current Assets

£6.4m

~ YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2023-02-28	2022-02-28
Total assets	£7.36M	£7.36M
Current assets	£6.36M	£6.36M
Net assets	£7.36M	£7.36M

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

Recent activity

Last 30 days

filings

Last 90 days

filing

• 1 gazette

Last 180 days

filings

• 1 gazette
• 1 insolvency

Counts from Companies House filing history.

Corporate timeline (89 events)Click to expand

2026-04-21
⚠️
gazette-dissolved-liquidation
gazette · GAZ2
2026-04-21
🏁
Company dissolved
2026-01-21
⚠️
liquidation-voluntary-members-return-of-final-meeting
insolvency · LIQ13
2025-05-01
⚠️
liquidation-voluntary-appointment-of-liquidator
insolvency · 600
2025-05-01
⚠️
liquidation-voluntary-removal-of-liquidator-by-court
insolvency · LIQ10
2025-02-27
📍
move-registers-to-sail-company-with-new-address
address · AD03
2025-02-27
📍
change-sail-address-company-with-new-address
address · AD02
2025-02-26
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-02-26
📄
resolution
resolution · RESOLUTIONS
2025-02-26
⚠️
liquidation-voluntary-appointment-of-liquidator
insolvency · 600
2025-02-26
⚠️
liquidation-voluntary-declaration-of-solvency
insolvency · LIQ01
2023-11-06
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2023-07-05
➖
WILSON, Gordon James resigned
director
2023-07-05
📄
termination-director-company-with-name-termination-date
officers · TM01
2023-06-19
📄
appoint-person-director-company-with-name-date
officers · AP01
2023-06-19
📄
appoint-person-director-company-with-name-date
officers · AP01
2023-06-09
➕
DEWS, Stephen Eric appointed
director
2023-06-09
➕
WALSH, Simon David appointed
director
2023-02-16
📄
termination-director-company-with-name-termination-date
officers · TM01
2023-02-10
➖
KERR, Richard James resigned
director
2022-11-18
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2022-07-28
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2022-07-18
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-05-05
📄
appoint-person-secretary-company-with-name-date
officers · AP03
2022-05-05
📄
termination-secretary-company-with-name-termination-date
officers · TM02
2022-04-26
➕
ASPELL, Jayne Louise appointed
secretary
2022-04-26
➖
SHAW, Natalie Amanda resigned
secretary
2022-02-24
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2022-02-07
📄
termination-director-company-with-name-termination-date
officers · TM01
2022-02-01
➖
HICKS, Andrew William resigned
director
2022-02-01
➕
KERR, Richard James appointed
director
2019-10-11
🔓
Charge satisfied #6
2019-10-11
🔓
Charge satisfied #5
2018-10-01
➕
SHAW, Natalie Amanda appointed
secretary
2018-06-08
🔒
Charge registered #6
Lender: Morgan Stanley Senior Funding, Inc. as Security Agent
2015-12-17
➖
BOLIN, Bret Richard, Mr. resigned
director
2015-12-17
➕
HICKS, Andrew William appointed
director
2015-09-09
➖
GIBSON, Paul David resigned
director
2015-09-09
➕
WILSON, Gordon James appointed
director
2015-06-18
➕
BOLIN, Bret Richard, Mr. appointed
director
2015-06-18
🔒
Charge registered #5
Lender: Morgan Stanley Senior Funding, Inc as the Security Agent
2015-05-19
🔓
Charge satisfied #4
2015-05-18
➖
MURRIA, Vinodka resigned
director
2015-03-31
➖
FIRTH, Barbara Ann resigned
director
2013-03-20
🔓
Charge satisfied #3
2013-03-07
🔒
Charge registered #4
Lender: Hsbc Corporate Trustee Company (UK) Limited
2013-01-01
➕
GIBSON, Paul David appointed
director
2012-09-17
➖
WATTS, Mark Irvine John resigned
director
2011-07-22
➖
LOWE, Hilary Anne resigned
secretary
2011-04-30
➖
GERARD, Nicholas John resigned
director

Showing most recent 50 of 89 events

Owner dependency

58/100

Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS

+Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.

Succession & seller-readiness

36/100

Weak signal

Limited succession signal. Not a near-term off-market candidate.

SIGNALS

secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

Red flags

2 high · 1 med · 1 low

Company dissolved

high

Company has been dissolved — it no longer legally exists. Any diligence here is historical only.

Evidence: Dissolved on 2026-04-21

6 insolvency-related filings on record

high

Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.

Evidence: 2026-04-21: gazette-dissolved-liquidation; 2026-01-21: liquidation-voluntary-members-return-of-final-meeting

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.

Multiple registered office changes

low

Multiple address changes in a short period can indicate operational instability or admin disorder.

Group structure

Advanced Computer Software Group Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️

Advanced Computer Software Group Limited

Corporate parent · holds 75-100% shares · board control

ultimate parent

⬇

BUSINESS SYSTEMS GROUP HOLDINGS LIMITED

This company · 02923809

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
Advanced Computer Software 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.

🔒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

9 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

Statusdissolved

Typeltd

Incorporated1994-04-28

Jurisdictionengland-wales

Primary SIC74990 — Non-trading company

Registered office

1 More London Place

London

SE1 2AF

Filing status

Accounts

Next due: —

Last made up to: 2023-02-28

Confirmation statement

Next due: —

Last: 2024-04-28

Officers (0 active · 25 resigned)

ASPELL, Jayne Louise→

secretary · appointed 2022-04-26

View their other companies + combined net worth →

Active

DEWS, Stephen Eric→

director · ~51y · appointed 2023-06-09

View their other companies + combined net worth →

Active

WALSH, Simon David→

director · ~55y · appointed 2023-06-09

View their other companies + combined net worth →

Active

BISHOP, Caroline Frances→

secretary · appointed 2000-05-23 · resigned 2007-09-03

Resigned

GERARD, Nicholas John→

secretary · appointed 1994-08-30 · resigned 2000-05-23

Resigned

LOWE, Hilary Anne→

secretary · appointed 2007-09-03 · resigned 2011-07-22

Resigned

SHAW, Natalie Amanda→

secretary · appointed 2018-10-01 · resigned 2022-04-26

Resigned

PAILEX CORPORATE SERVICES LIMITED→

corporate-secretary · appointed 1994-04-28 · resigned 1994-08-30

Resigned

ATKINSON, Mark→

director · ~76y · appointed 2000-05-23 · resigned 2001-09-03

Resigned

BOLIN, Bret Richard, Mr.→

director · ~58y · appointed 2015-06-18 · resigned 2015-12-17

Resigned

BRASHER, Richard William Peter→

director · ~65y · appointed 2000-06-08 · resigned 2004-06-18

Resigned

BUCKINGHAM, Natalie→

director · ~65y · appointed 1994-09-22 · resigned 2000-05-23

Resigned

BUCKINGHAM, Philip John→

director · ~73y · appointed 1994-08-30 · resigned 2000-05-23

Resigned

COLEMAN, Malcolm Jerry→

director · ~88y · appointed 2000-06-08 · resigned 2002-06-14

Resigned

FIRTH, Barbara Ann→

director · ~74y · appointed 2009-09-01 · resigned 2015-03-31

Resigned

GERARD, Nicholas John→

director · ~67y · appointed 1994-08-30 · resigned 2011-04-30

Resigned

GERARD, Sharon Anne→

director · ~66y · appointed 1994-09-22 · resigned 2000-05-23

Resigned

GIBSON, Paul David→

director · ~62y · appointed 2013-01-01 · resigned 2015-09-09

Resigned

HICKS, Andrew William→

director · ~51y · appointed 2015-12-17 · resigned 2022-02-01

Resigned

KEENAN, Roger Louis→

director · ~62y · appointed 2003-07-01 · resigned 2008-02-07

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:6 of 6 shown

		Type	Properties
satisfied	Morgan Stanley Senior Funding, . as Security Agent Morgan Stanley Senior Funding, Inc. as Security Agent	A registered charge	1 property	08/06/2018	11/10/2019
satisfied	Morgan Stanley Senior Funding, as the Security Agent Morgan Stanley Senior Funding, Inc as the Security Agent	A registered charge	1 property	18/06/2015	11/10/2019
satisfied	HSBC Hsbc Corporate Trustee Company (UK) Limited	Debenture	1 property	07/03/2013	19/05/2015
satisfied	HSBC Hsbc Corporate Trustee Company (UK) Limited	Debenture	1 property	11/02/2010	20/03/2013
satisfied	Barclays Barclays Bank PLC	Assignment	1 property	05/10/1994	07/06/2000
satisfied	Barclays Barclays Bank PLC	Legal charge	1 property	05/10/1994	07/06/2000

Recent filings (253 total)

gazette-dissolved-liquidation

gazette · GAZ2

2026-04-21

liquidation-voluntary-members-return-of-final-meeting

insolvency · LIQ13

2026-01-21

liquidation-voluntary-appointment-of-liquidator

insolvency · 600

2025-05-01

liquidation-voluntary-removal-of-liquidator-by-court

insolvency · LIQ10

2025-05-01

move-registers-to-sail-company-with-new-address

address · AD03

2025-02-27

change-sail-address-company-with-new-address

address · AD02

2025-02-27

change-registered-office-address-company-with-date-old-address-new-address

address · AD01

2025-02-26

resolution

resolution · RESOLUTIONS

2025-02-26

liquidation-voluntary-appointment-of-liquidator

insolvency · 600

2025-02-26

liquidation-voluntary-declaration-of-solvency

insolvency · LIQ01

2025-02-26

confirmation-statement-with-no-updates

confirmation-statement · CS01

2024-05-02

accounts-with-accounts-type-micro-entity

accounts · AA

2023-11-06

termination-director-company-with-name-termination-date

officers · TM01

2023-07-05

appoint-person-director-company-with-name-date

officers · AP01

2023-06-19

appoint-person-director-company-with-name-date

officers · AP01

2023-06-19