ITIL WORKS LIMITED
🌳Matureactive
05382546 · ltd · incorporated 2005-03-04
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.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
- · Oldest live charge 15.9y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£1.91M
book net assets
Opportunity
68/100
Strong
What this business does
Primary activity: Information technology consultancy activities
Sector: Information & communication
Investor take
Special-situation opportunityDistressed technology with salvageable qualities — special-situations priority.
Opportunity 68/100 (strong), bankability 70/100. Biggest value-creation lever: Resolve: Confirmation statement overdue. Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal. Most likely exit: strategic trade sale (73/100).
🏦
Refinance opportunity
1 live charge · oldest 15.9y
65/100
clean up first
Refinance viable after a tidy-up — address the highlighted items first.
- · Oldest live charge is 15.9 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Legal-friction score 25/100 — workable, but lender will want more DD.
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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
7 officers (4 active, 7 linked, 4 with DOB)
81
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
60 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
68/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
60
Adequate — check latest filings for context.
Acquirability
60
Some acquirability indicators.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 102Positive net assets
Net assets £1,910,166
Cash YoY
+3%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£1.5m
↑ 2.6% YoY
Net Worth
£1.9m
↑ 7.0% YoY
Current Assets
£2.2m
↑ 5.7% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Total assets | £1.91M | £1.79M |
| Current assets | £2.20M | £2.09M |
| Cash | £1.48M | £1.45M |
| Debtors | £720.8k | £640.3k |
| Net assets | £1.91M | £1.79M |
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 officers
Last 90 days
1
filing
- • 1 officers
Last 180 days
2
filings
- • 2 officers
Counts from Companies House filing history.
Corporate timeline (28 events)Click to expand
- 2026-05-21📄change-person-director-company-with-change-dateofficers · CH01
- 2026-03-11📄change-person-director-company-with-change-dateofficers · CH01
- 2025-06-12📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2024-07-28📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2023-11-30📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-11-30📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-11-27➕SMITH, Laura appointeddirector
- 2023-11-27➕WILSON, Louise Anne appointeddirector
- 2023-11-20📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2022-06-25📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2021-07-05📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2021-03-30📄change-person-director-company-with-change-dateofficers · CH01
- 2020-07-31📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2019-12-07📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2018-12-28📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2018-12-14➖DANDRIDGE, David Paul resignedsecretary
- 2018-12-14📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2017-12-27📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2017-09-12📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2010-07-15🔒Charge registered #1Lender: Hsbc Bank PLC
- 2005-03-04🏢Company incorporatedAs ITIL WORKS LIMITED
- 2005-03-04➕SMITH, Martin Raymond appointeddirector
- 2005-03-04➕WILSON, Craig Munro appointeddirector
- 2005-03-04➕DANDRIDGE, David Paul appointedsecretary
- 2005-03-04➕VANTIS SECRETARIES LIMITED appointedcorporate-secretary
- 2005-03-04➖VANTIS SECRETARIES LIMITED resignedcorporate-secretary
- 2005-03-04➕VANTIS NOMINEES LIMITED appointedcorporate-director
- 2005-03-04➖VANTIS NOMINEES LIMITED resignedcorporate-director
Owner dependency
58/100
Moderate — manageable with handoverSome founder dependency, but not acute. A structured handover period should cover most risk.
FACTORS
- -4 active directors: Broader management team in place — suggests transferable governance.
- +Long-tenure founder: Senior director has been in place 21 years — deep operational knowledge concentrated in one person.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
45/100
Moderate signalSome succession indicators present. Worth watching; approach if sector/strategy fits.
SIGNALS
- primary20+ year tenure: Director in role 21 years. Very long tenure is a classic succession signal.
Red flags
1 high ·Confirmation statement overdue
highAnnual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.
Evidence: Next due: 2026-03-18
Shareholders & ownership
1 active beneficial owner| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Martin Raymond Smith Individual · British · DOB 08/1976 · age 50 | 25–50% | — | 25-50% shares | 04/03/2017 |
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
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|---|---|---|---|---|---|---|---|
| 1090MHZ SOLUTIONS LTD→ 15077636 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| 1ST TECH GROUP LIMITED→ 14001276 · est 2022 · no financials extracted | — | — | — | — | 4y | — | — |
| 2LIV4 LIMITED→ 06854468 · est 2009 · no financials extracted | — | — | — | — | 17y | — | — |
| 3 SEED SOLUTIONS LTD→ 08215542 · est 2012 · no financials extracted | — | — | — | — | 13y | — | — |
| 360 SAAS LIMITED→ 15297454 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| AAT SOLUTIONS LTD→ 16759868 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| ABUNDANCE PICTURES LTD→ 11406720 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| ACCORD CONSULTANTS LIMITED→ 13919974 · est 2022 · no financials extracted | — | — | — | — | 4y | — | — |
| ACCOUNTINGEDUCATION.COM LIMITED→ 03791305 · est 1999 · no financials extracted | — | — | — | — | 26y | — | — |
| ACUMEN TECHNOLOGY LIMITED→ 11417233 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| ADVAITHA LIMITED→ 15552243 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| ADVANCED HODL TECHNOLOGIES LTD.→ 10912402 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
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.
See pricing →Company details
Statusactive
Typeltd
Incorporated2005-03-04
Jurisdictionengland-wales
Primary SIC62020 — Information technology consultancy activities
Registered office
10 Cornmarket
Worcester
WR1 2DR
England
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-03-18OVERDUE
Last: 2025-03-04
Officers (4 active · 3 resigned)
SMITH, Laura→
Activedirector · ~51y · appointed 2023-11-27
View their other companies + combined net worth →
SMITH, Martin Raymond→
Activedirector · ~50y · appointed 2005-03-04
View their other companies + combined net worth →
WILSON, Craig Munro→
Activedirector · ~57y · appointed 2005-03-04
View their other companies + combined net worth →
WILSON, Louise Anne→
Activedirector · ~55y · appointed 2023-11-27
View their other companies + combined net worth →
DANDRIDGE, David Paul→
Resignedsecretary · appointed 2005-03-04 · resigned 2018-12-14
VANTIS SECRETARIES LIMITED→
Resignedcorporate-secretary · appointed 2005-03-04 · resigned 2005-03-04
VANTIS NOMINEES LIMITED→
Resignedcorporate-director · appointed 2005-03-04 · resigned 2005-03-04
Click a director name to see their full track record across all companies.
Mortgages & charges
1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | HSBC Hsbc Bank PLC | Debenture | 1 property | 15/07/2010 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (60 total)
change-person-director-company-with-change-date
officers · CH01
2026-05-21
change-person-director-company-with-change-date
officers · CH01
2026-03-11
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-06-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-08
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-07-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-09
appoint-person-director-company-with-name-date
officers · AP01
2023-11-30
appoint-person-director-company-with-name-date
officers · AP01
2023-11-30
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-11-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-08
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-06-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-05
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-07-05
change-person-director-company-with-change-date
officers · CH01
2021-03-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-03-05