MEGABYTE COMPUTER SERVICES LIMITED
Opportunity 37/100 (watch), bankability 20/100. High owner-dependency — earn-out structure likely required for clean transition. Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: distressed disposal / insolvency (85/100). Current lenders should be on immediate intervention.
Data confidence
Overall: medium (76/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Not actionable now, but monitor — distressed, succession, or structural changes could flip this into a real opportunity.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredKey financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2023-08-31 | 2022-08-31 |
|---|---|---|
| Total assets | £1.3k | — |
| Current assets | £5.8k | — |
| Cash | £260 | — |
| Net assets | £-9.5k | — |
| Average employees | — | 200 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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
Corporate timeline (31 events)Click to expand
- 2025-09-02⚠️liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-dateinsolvency · LIQ03
- 2024-09-09⚠️liquidation-voluntary-statement-of-affairsinsolvency · LIQ02
- 2024-09-02📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-09-02⚠️liquidation-voluntary-appointment-of-liquidatorinsolvency · 600
- 2024-09-02📄resolutionresolution · RESOLUTIONS
- 2024-05-23📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-02-22📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-02-14📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-04-29📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-03-31📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-05-02📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2018-05-22📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2017-05-17📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2016-06-03📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2016-05-26📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2016-01-27➖GORVETT, Paul William resignedsecretary
- 2003-03-03➕SALT, John Arthur appointeddirector
- 2003-03-03➕GORVETT, Paul William appointedsecretary
- 2003-03-03➖SALT, John Arthur resignedsecretary
- 2003-03-03➖GORUETT, Paul William resigneddirector
- 2002-01-01➕SALT, John Arthur appointedsecretary
- 2002-01-01➕GORUETT, Paul William appointeddirector
- 2002-01-01➖SALT, John Arthur resigneddirector
- 2001-08-29➖TIMMS, Heather Kay resignedsecretary
- 2001-05-01🏢Company incorporatedAs MEGABYTE COMPUTER SERVICES LIMITED
- 2001-05-01➕TIMMS, Heather Kay appointedsecretary
- 2001-05-01➕EAC (SECRETARIES) LIMITED appointedcorporate-nominee-secretary
- 2001-05-01➖EAC (SECRETARIES) LIMITED resignedcorporate-nominee-secretary
- 2001-05-01➕SALT, John Arthur appointeddirector
- 2001-05-01➕EAC (DIRECTORS) LIMITED appointedcorporate-nominee-director
- 2001-05-01➖EAC (DIRECTORS) LIMITED resignedcorporate-nominee-director
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Sole director: Only one active director — all governance concentrated on one person.
- +Long-tenure founder: Senior director has been in place 23 years — deep operational knowledge concentrated in one person.
- +Senior director age: Director aged approximately 60 — approaching natural succession window.
Succession & seller-readiness
Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
- secondaryFounder aged 58+: Senior director is approximately 60. Early succession window.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- primary20+ year tenure: Director in role 23 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 25 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
4 high ·Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.
Evidence: Next due: 2025-05-31
Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.
Evidence: Next due: 2025-05-23
Company is actively being wound up. Not a going concern.
Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2025-09-02: liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date; 2024-09-09: liquidation-voluntary-statement-of-affairs
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr John Arthur Salt Individual · British · DOB 10/1966 · age 60 | 75–100% | — | 75-100% shares | 11/10/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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12 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 →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
Registered office
Filing status
Officers (1 active · 7 resigned)
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