NETINITIATIVE LIMITED

⚰️Wound downdissolved
05879610 · ltd · incorporated 2006-07-18
Investment thesis
Company dissolved — not a live target.
Why interesting: Historical record only; useful for precedent research.
Why risky: Not transactable.
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
59/100
Worth a look
🔔
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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 unclear — structural issues outweigh the discount.

Opportunity 59/100 (worth a look), bankability 70/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: Company dissolved. Company has been dissolved — it no longer legally exists. Any diligence here is historical only. Most likely exit: strategic trade sale (73/100).

Data confidence

Overall: medium (56/100)

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
No iXBRL financials extracted
0
Lenders & charges
Confirmed no charges registered
85
Directors & officers
5 officers (3 active, 5 linked, 3 with DOB)
82
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
46 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
59/100Worth a look
PassWatchWorth a lookStrongExceptional 

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality
30
Concerning — overdue filings or status flags present.
Acquirability
65
Some acquirability indicators.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
90
Good data coverage for analysis.

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 (29 events)Click to expand
  1. 2020-12-29
    📄
    gazette-dissolved-voluntary
    gazette · GAZ2(A)
  2. 2020-12-29
    🏁
    Company dissolved
  3. 2020-10-13
    📄
    gazette-notice-voluntary
    gazette · GAZ1(A)
  4. 2020-10-05
    📄
    dissolution-application-strike-off-company
    dissolution · DS01
  5. 2020-08-21
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2020-01-11
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2019-01-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2017-12-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2016-12-07
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  10. 2016-01-07
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  11. 2015-07-20
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  12. 2015-07-20
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  13. 2015-07-20
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  14. 2015-02-24
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  15. 2014-12-12
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2014-08-11
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  17. 2013-12-30
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  18. 2013-08-13
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  19. 2013-08-13
    📄
    change-person-director-company-with-change-date
    officers · CH01
  20. 2013-04-30
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  21. 2012-08-07
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  22. 2009-08-25
    ➕
    WILLS, David appointed
    secretary
  23. 2009-08-25
    ➖
    C H REGISTRARS LIMITED resigned
    corporate-secretary
  24. 2006-07-25
    ➕
    STABLES, John Adrian appointed
    director
  25. 2006-07-25
    ➕
    WILLS, Nicholas appointed
    director
  26. 2006-07-25
    ➖
    WILLS, David resigned
    director
  27. 2006-07-18
    🏢
    Company incorporated
    As NETINITIATIVE LIMITED
  28. 2006-07-18
    ➕
    C H REGISTRARS LIMITED appointed
    corporate-secretary
  29. 2006-07-18
    ➕
    WILLS, David appointed
    director

Owner dependency

68/100
High — earn-out structure required

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

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Long-tenure founder: Senior director has been in place 20 years — deep operational knowledge concentrated in one person.

Succession & seller-readiness

59/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondary12+ year tenure: Director in role 20 years.
  • secondaryStable-but-static management: Company is 20 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

1 high ·
Company dissolved
high

Company has been dissolved — it no longer legally exists. Any diligence here is historical only.

Evidence: Dissolved on 2020-12-29

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Nicholas Wills
Individual · British · DOB 05/1971 · age 55
25–50%
—25-50% shares06/07/2016
Mr John Stables
Individual · British · DOB 08/1971 · age 55
25–50%
—25-50% shares06/04/2016

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 →
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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.

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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

Statusdissolved
Typeltd
Incorporated2006-07-18
Jurisdictionengland-wales
Primary SIC62012 — Business and domestic software development

Registered office

55 Park View Drive North
Charvil
Reading
Berkshire
RG10 9QY

Filing status

Accounts
Next due: —
Last made up to: 2020-07-31
Confirmation statement
Next due: —
Last: —

Officers (0 active · 2 resigned)

WILLS, David→
secretary · appointed 2009-08-25
View their other companies + combined net worth →
Active
STABLES, John Adrian→
director · ~55y · appointed 2006-07-25
View their other companies + combined net worth →
Active
WILLS, Nicholas→
director · ~55y · appointed 2006-07-25
View their other companies + combined net worth →
Active
C H REGISTRARS LIMITED→
corporate-secretary · appointed 2006-07-18 · resigned 2009-08-25
Resigned
WILLS, David→
director · ~84y · appointed 2006-07-18 · resigned 2006-07-25
Resigned

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

Recent filings (46 total)

gazette-dissolved-voluntary
gazette · GAZ2(A)
2020-12-29
gazette-notice-voluntary
gazette · GAZ1(A)
2020-10-13
dissolution-application-strike-off-company
dissolution · DS01
2020-10-05
accounts-with-accounts-type-micro-entity
accounts · AA
2020-08-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-07-24
accounts-with-accounts-type-micro-entity
accounts · AA
2020-01-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-07-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-01-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2018-07-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2017-12-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2017-07-26
accounts-with-accounts-type-total-exemption-small
accounts · AA
2016-12-07
confirmation-statement-with-updates
confirmation-statement · CS01
2016-07-26
accounts-with-accounts-type-total-exemption-small
accounts · AA
2016-01-07
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2015-07-20