APPLIED SEARCH TECHNOLOGY LIMITED

🌳Matureactive

05132359 · ltd · incorporated 2004-05-19

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 May 2025

Net worth

£-3.1k

book net assets

Opportunity

81/100

Exceptional

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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 81/100 (exceptional), bankability 75/100. Strong seller-intent signal (63/100, director aged 78). Share purchase looks the cleaner deal structure. Most likely exit: strategic trade sale (73/100).

Data confidence

Overall: high (81/100)

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

Confirmed no charges registered

Directors & officers

6 officers (3 active, 6 linked, 3 with DOB)

Ownership & PSC

3 active PSC(s) of 3 total, 3 with control declared

Director network

11 connected companies via shared directors

Filing history

59 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

81/100Exceptional

PassWatchWorth a lookStrongExceptional

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared

Negative net assets

Liabilities exceed assets by £3,111

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

-£3k

↓ 10% YoY

Current Assets

£360

↓ 1.6% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2025-05-31	2024-05-31
Total assets	£-19	£73
Current assets	£360	£366
Net assets	£-3.1k	£-2.8k

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

Recent activity

Last 30 days

filings

Last 90 days

filing

• 1 confirmation-statement

Last 180 days

filings

• 1 confirmation-statement
• 1 accounts

Counts from Companies House filing history.

Corporate timeline (25 events)Click to expand

2026-02-27
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2025-02-23
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2024-02-23
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2023-02-26
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2022-03-06
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2021-03-26
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2020-02-28
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2019-02-25
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2018-02-20
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2017-01-28
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2016-06-06
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2016-02-08
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2015-05-31
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2015-02-15
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2014-05-31
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2009-04-01
➖
PETROVSKA, Liljana, Dr resigned
secretary
2004-06-01
➕
BARTON, Jeffrey Alan, Dr appointed
director
2004-06-01
➕
HOLMES, Neville Eric appointed
director
2004-06-01
➕
LOVE, Douglas Malcolm, Dr appointed
director
2004-06-01
➕
PETROVSKA, Liljana, Dr appointed
secretary
2004-05-21
➖
WESTCO NOMINEES LIMITED resigned
corporate-secretary
2004-05-21
➖
WESTCO DIRECTORS LTD resigned
corporate-director
2004-05-19
🏢
Company incorporated
As APPLIED SEARCH TECHNOLOGY LIMITED
2004-05-19
➕
WESTCO NOMINEES LIMITED appointed
corporate-secretary
2004-05-19
➕
WESTCO DIRECTORS LTD appointed
corporate-director

Owner dependency

75/100

High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS

+Long-tenure founder: Senior director has been in place 22 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 78 — succession pressure is live.

Succession & seller-readiness

90/100

Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS

primaryFounder aged 70+: Senior director is approximately 78 years old. Natural succession window is now.
primary20+ year tenure: Director in role 22 years. Very long tenure is a classic succession signal.
secondaryStable-but-static management: Company is 22 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

clean

No 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
Dr Jeffrey Alan Barton Individual · British · DOB 05/1959 · age 67	25–50%	—	25-50% shares	06/04/2016
Dr Douglas Malcolm Love Individual · British · DOB 11/1948 · age 78	25–50%	—	25-50% shares	06/04/2016
Mr Neville Eric Holmes Individual · British · DOB 07/1957 · age 69	25–50%	—	25-50% shares	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

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.

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Company details

Statusactive

Typeltd

Incorporated2004-05-19

Jurisdictionengland-wales

Primary SIC62012 — Business and domestic software development

Registered office

41 Broadlands Rise

Lichfield

Staffordshire

WS14 9SF

Filing status

Accounts

Next due: 2027-02-28

Last made up to: 2025-05-31

Confirmation statement

Next due: 2027-05-28

Last: 2026-05-14

Officers (3 active · 3 resigned)

BARTON, Jeffrey Alan, Dr→

director · ~67y · appointed 2004-06-01

View their other companies + combined net worth →

Active

HOLMES, Neville Eric→

director · ~69y · appointed 2004-06-01

View their other companies + combined net worth →

Active

LOVE, Douglas Malcolm, Dr→

director · ~78y · appointed 2004-06-01

View their other companies + combined net worth →

Active

PETROVSKA, Liljana, Dr→

secretary · appointed 2004-06-01 · resigned 2009-04-01

Resigned

WESTCO NOMINEES LIMITED→

corporate-secretary · appointed 2004-05-19 · resigned 2004-05-21

Resigned

WESTCO DIRECTORS LTD→

corporate-director · appointed 2004-05-19 · resigned 2004-05-21

Resigned

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