ALTIM SOFTWARE LIMITED
💤Zombieactive
03650121 · ltd · incorporated 1998-10-15
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 Oct 2024
Net worth
£66.0k
book net assets
Opportunity
79/100
Strong
What this business does
Primary activity: Security dealing on own account
Sector: Financial & insurance
Investor take
PursueStrong opportunity: active trading company with strong profile and bankable structure.
Opportunity 79/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 3 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (73/100).
🏦
Refinance opportunity
4 live charges · 2 lenders · oldest 24.1y
30/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 24.1 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (79/100)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
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
4 officers (1 active, 4 linked, 2 with DOB)
80
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
77 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 declaredPositive net assets
Net assets £66,021
Net assets shrinking
Down £42,750 YoY
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
£66k
↓ 39% YoY
Current Assets
£66k
↓ 39% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-10-31 | 2023-10-31 |
|---|---|---|
| Total assets | £66.0k | £108.8k |
| Current assets | £66.0k | £108.8k |
| Net assets | £66.0k | £108.8k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
Recent activity
Last 30 days
1
filing
- • 1 gazette
Last 90 days
2
filings
- • 1 gazette
- • 1 dissolution
Last 180 days
2
filings
- • 1 gazette
- • 1 dissolution
Counts from Companies House filing history.
Corporate timeline (29 events)Click to expand
- 2026-05-26📄gazette-notice-voluntarygazette · GAZ1(A)
- 2026-05-14📄dissolution-application-strike-off-companydissolution · DS01
- 2025-12-15📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-12-01📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2025-07-31📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2025-07-31📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2025-07-30➖CANNON, Christopher Martin resigneddirector
- 2025-07-30📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-07-24➕CANNON, Mark Joseph appointeddirector
- 2025-07-24📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-07-12📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-07-12📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-07-08📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-07-27📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-07-22📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-07-18📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2018-07-24📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2018-01-26📄mortgage-satisfy-charge-fullmortgage · MR04
- 2018-01-26🔓Charge satisfied #4
- 2010-10-05➖CANNON, Karen Mary resignedsecretary
- 2006-08-02🔒Charge registered #4Lender: Skipton Building Society
- 2002-06-04🔒Charge registered #3Lender: Capital Home Loans Limited
- 2002-05-10🔒Charge registered #2Lender: Capital Home Loans Limited
- 2002-04-26🔒Charge registered #1Lender: Capital Home Loans Limited
- 1998-10-15🏢Company incorporatedAs ALTIM SOFTWARE LIMITED
- 1998-10-15➕CANNON, Karen Mary appointedsecretary
- 1998-10-15➕SWIFT INCORPORATIONS LIMITED appointedcorporate-nominee-secretary
- 1998-10-15➖SWIFT INCORPORATIONS LIMITED resignedcorporate-nominee-secretary
- 1998-10-15➕CANNON, Christopher Martin appointeddirector
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
- +Sole director: Only one active director — all governance concentrated on one person.
- +Senior director age: Director aged approximately 64 — approaching natural succession window.
Succession & seller-readiness
65/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- primaryFounder aged 63+: Senior director is approximately 64. Approaching typical UK retirement age — succession thinking likely.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
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
1 active beneficial owner| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Mark Joseph Cannon Individual · British · DOB 03/1962 · age 64 | — | — | sig. influencesignificant influence | 24/07/2025 |
1 historic (ceased) PSC
- Mr Christopher Martin Cannonceased 15/12/2025· 75-100% shares
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
Active · Financial services · GL postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| ALL SILVA LTD→ 15994427 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| AMDV INVESTMENTS LIMITED→ 11002675 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| ANIDEA BUSINESS FINANCE LTD→ 16046140 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| ANNE FORRESTAL (HOLDINGS) LIMITED→ 13303600 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| AO MORTGAGES LIMITED→ 12328483 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| ARBOL INS SERVICES (UK) LTD→ 14791885 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| ARDENT GLOBAL RISKS HOLDINGS LIMITED→ 14314755 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| ARDENT GLOBAL RISKS LIMITED→ 14319313 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| ARGENT HOUSE WEALTH MANAGEMENT LIMITED→ 07066660 · est 2009 · no financials extracted | — | — | — | — | 16y | — | — |
| ARQUITIS FINANCIAL MANAGEMENT LIMITED→ 10202587 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| ARTCLAIMS LIMITED→ 11344928 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| ARTLES TRADES LTD→ 16289239 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
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
Incorporated1998-10-15
Jurisdictionengland-wales
Primary SIC64991 — Security dealing on own account
Registered office
27 Oaklands
Cirencester
GL7 1FA
England
Filing status
Accounts
Next due: 2026-07-31
Last made up to: 2024-10-31
Confirmation statement
Next due: 2026-10-29
Last: 2025-10-15
Officers (1 active · 3 resigned)
CANNON, Mark Joseph→
Activedirector · ~64y · appointed 2025-07-24
View their other companies + combined net worth →
CANNON, Karen Mary→
Resignedsecretary · appointed 1998-10-15 · resigned 2010-10-05
SWIFT INCORPORATIONS LIMITED→
Resignedcorporate-nominee-secretary · appointed 1998-10-15 · resigned 1998-10-15
CANNON, Christopher Martin→
Resigneddirector · ~63y · appointed 1998-10-15 · resigned 2025-07-30
Click a director name to see their full track record across all companies.
Mortgages & charges
4
Total charges
3
Outstanding
1
Active lenders
Status:Lender:4 of 4 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Skipton Building Society | A standard security which was presented for registration in scotland on the 06/09/2006 and | 1 property | 02/08/2006 | 26/01/2018 | |
| outstanding | Capital Home Loans Capital Home Loans Limited | Standard security which was presented for registration in scotland on 11TH july 2002 | 1 property | 04/06/2002 | — | |
| outstanding | Capital Home Loans Capital Home Loans Limited | Legal charge | 1 property | 10/05/2002 | — | |
| outstanding | Capital Home Loans Capital Home Loans Limited | Deed of charge | 1 property | 26/04/2002 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (77 total)
gazette-notice-voluntary
gazette · GAZ1(A)
2026-05-26
dissolution-application-strike-off-company
dissolution · DS01
2026-05-14
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-12-15
accounts-with-accounts-type-micro-entity
accounts · AA
2025-12-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-31
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2025-07-31
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-07-31
termination-director-company-with-name-termination-date
officers · TM01
2025-07-30
appoint-person-director-company-with-name-date
officers · AP01
2025-07-24
accounts-with-accounts-type-micro-entity
accounts · AA
2024-07-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-17
accounts-with-accounts-type-micro-entity
accounts · AA
2023-07-12
confirmation-statement-with-updates
confirmation-statement · CS01
2022-10-17
accounts-with-accounts-type-micro-entity
accounts · AA
2022-07-08