SOFTRITE LTD
🌳Matureactive
03394704 · ltd · incorporated 1997-06-27
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.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Aug 2025
Net worth
£-69.4k
book net assets
Opportunity
80/100
Exceptional
What this business does
Primary activity: Business and domestic software development
Sector: Information & communication
Investor take
Pass (distressed without resilience)Distressed active trading company — structural issues outweigh the discount.
Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (70/100, director aged 64). Share purchase looks the cleaner deal structure. Most likely exit: strategic trade sale (73/100).
Data confidence
Overall: medium (76/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
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
Confirmed no charges registered
85
Directors & officers
5 officers (3 active, 5 linked, 3 with DOB)
82
Ownership & PSC
3 active PSC(s) of 3 total, 3 with control declared
90
Director network
Network not yet resolved
30
Filing history
71 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
80/100Exceptional
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
90
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 105 (micro)Negative net assets
Liabilities exceed assets by £69,433
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
-£69k
↓ 16% YoY
Current Assets
£82
↓ 99% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 105 (micro)| Metric | 2025-08-31 | 2024-08-31 |
|---|---|---|
| Total assets | £-69.4k | £-59.8k |
| Current assets | £82 | £9.3k |
| Net assets | £-69.4k | £-59.8k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
1 signal 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
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (23 events)Click to expand
- 2025-10-27📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-12-03📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-10-16📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-11-03📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-03-31📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-11-05📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-11-26📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2018-10-22📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2017-11-03📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2017-06-28📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2017-06-28📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2016-10-24📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2016-06-27📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2015-10-23📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2015-07-07📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 1997-06-27🏢Company incorporatedAs SOFTRITE LTD
- 1997-06-27➕SMYTH, Helga appointedsecretary
- 1997-06-27➕SMYTH, Colin Michael appointeddirector
- 1997-06-27➕SMYTH, Helga appointeddirector
- 1997-06-27➕CHANCERY BUSINESS COMMUNICATIONS LIMITED appointedcorporate-nominee-secretary
- 1997-06-27➖CHANCERY BUSINESS COMMUNICATIONS LIMITED resignedcorporate-nominee-secretary
- 1997-06-27➕COWAN, Stanford Russell appointednominee-director
- 1997-06-27➖COWAN, Stanford Russell resignednominee-director
Owner dependency
84/100
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 29 years — deep operational knowledge concentrated in one person.
- +Senior director age: Director aged approximately 64 — approaching natural succession window.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
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 64. 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 29 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 29 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
3 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Colin Michael Smyth Individual · British · DOB 11/1962 · age 64 | 50–75% | — | 50-75% shares | 06/04/2016 |
Mr Colin Michael Smyth Individual · British · DOB 11/1962 · age 64 | 50–75% | 50–75% | board control50-75% shares · 50-75% voting · board control | 06/04/2016 |
Mrs Helga Smyth Individual · Hungarian · DOB 03/1969 · age 57 | 25–50% | 25–50% | board control25-50% shares · 25-50% voting · board control | 06/04/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
6 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
Incorporated1997-06-27
Jurisdictionengland-wales
Primary SIC62012 — Business and domestic software development
Registered office
14 Leland Place
Morpeth
Northumberland
NE61 2AN
Filing status
Accounts
Next due: 2027-05-31
Last made up to: 2025-08-31
Confirmation statement
Next due: 2026-07-02
Last: 2025-06-18
Officers (3 active · 2 resigned)
Active
SMYTH, Colin Michael→
Activedirector · ~64y · appointed 1997-06-27
View their other companies + combined net worth →
SMYTH, Helga→
Activedirector · ~57y · appointed 1997-06-27
View their other companies + combined net worth →
CHANCERY BUSINESS COMMUNICATIONS LIMITED→
Resignedcorporate-nominee-secretary · appointed 1997-06-27 · resigned 1997-06-27
COWAN, Stanford Russell→
Resignednominee-director · ~90y · appointed 1997-06-27 · resigned 1997-06-27
Click a director name to see their full track record across all companies.
Recent filings (71 total)
accounts-with-accounts-type-micro-entity
accounts · AA
2025-10-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-30
accounts-with-accounts-type-micro-entity
accounts · AA
2024-12-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-06-18
accounts-with-accounts-type-micro-entity
accounts · AA
2023-10-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-19
accounts-with-accounts-type-micro-entity
accounts · AA
2022-11-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-07-29
accounts-with-accounts-type-micro-entity
accounts · AA
2022-03-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-07-08
accounts-with-accounts-type-micro-entity
accounts · AA
2020-11-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-07-02
accounts-with-accounts-type-micro-entity
accounts · AA
2019-11-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-06-27
accounts-with-accounts-type-micro-entity
accounts · AA
2018-10-22