EXONAR LIMITED
📉Decliningactive
06439969 · ltd · incorporated 2007-11-28
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.
Why now
Window steady · low confidence
Stable recent picture — watch for any upcoming trigger event.
Opportunity decay
drifting distress · 6-months
Drifting toward distress — expect more negotiability in 3–6 months, but also more friction.
- · Lifecycle stage drifting downward
- · Currently "declining"
What changed my view
Last 30 days
No material changes in the last 30 days.
Last 90 days
No snapshot from 90 days ago — start tracking from today.
Last 180 days
No snapshot from 180 days ago — start tracking from today.
🔒Estimated value
—
Upgrade to see
Turnover
£459.5k
year to Dec 2024
Net worth
—
book net assets
Opportunity
75/100
Strong
What this business does
Primary activity: Business and domestic software development
Sector: Information & communication
ALSO REGISTERED FOR
- 62020Information technology consultancy activities
Investor take
PursueStrong opportunity: active trading company with strong profile and bankable structure.
Opportunity 75/100 (strong), bankability 77/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: strategic trade sale (65/100).
🏦
Refinance opportunity
1 live charge · oldest 11.7y
55/100
clean up first
Refinance viable after a tidy-up — address the highlighted items first.
- · Oldest live charge is 11.7 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Legal-friction score 30/100 — workable, but lender will want more DD.
- · Not currently profitable — coverage conversation is a harder sell.
Data confidence
Overall: medium (78/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Company profile
address, 2 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
23 officers (1 active, 23 linked, 17 with DOB)
85
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
156 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation
Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.
Available from the Pro tier upwards.
See pricing →Opportunity Score
75/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
55
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 102Loss-making
Loss before tax £59,783
Revenue decline
Turnover down 59% YoY
Turnover YoY
-59%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Turnover | £459.5k | £1.13M |
| Operating profit | £-59.8k | £-432.7k |
| Profit before tax | £-59.8k | £-438.9k |
| Average employees | 0 | 1500 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
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
Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
1
filing
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (69 events)Click to expand
- 2025-12-21📄accounts-with-accounts-type-fullaccounts · AA
- 2024-10-30📄accounts-with-accounts-type-fullaccounts · AA
- 2024-06-26📄gazette-filings-brought-up-to-dategazette · DISS40
- 2024-06-25📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-06-25📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-06-25📄gazette-notice-compulsorygazette · GAZ1
- 2024-02-01➖VIRANI, Alim resigneddirector
- 2024-01-12➖GRUJICIC, Sasha Aleksandar resigneddirector
- 2023-09-29📄accounts-with-accounts-type-smallaccounts · AA
- 2023-06-28📄gazette-filings-brought-up-to-dategazette · DISS40
- 2023-06-27📄gazette-notice-compulsorygazette · GAZ1
- 2023-06-20📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-06-20📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-06-20📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-06-20📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-05-30➕GARBER, Andre Ethan appointeddirector
- 2023-05-30➕GRUJICIC, Sasha Aleksandar appointeddirector
- 2023-05-30➖TROUSDELL, Daren Frederick Donald resigneddirector
- 2023-05-30➕VIRANI, Alim appointeddirector
- 2023-03-07📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-01-30➖REEVES, Danny Frederick resigneddirector
- 2022-09-12📄accounts-with-accounts-type-smallaccounts · AA
- 2022-07-13📄resolutionresolution · RESOLUTIONS
- 2022-07-13📄memorandum-articlesincorporation · MA
- 2022-07-13📄termination-director-company-with-name-termination-dateofficers · TM01
- 2022-07-13📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2022-07-12📄capital-variation-of-rights-attached-to-sharescapital · SH10
- 2022-07-11📄capital-name-of-class-of-sharescapital · SH08
- 2022-06-01➖ASPINALL, Michael Stuart resignedsecretary
- 2022-06-01➖ASPINALL, Michael Stuart resigneddirector
- 2022-03-25➖BYRNE, Patrick Michael resigneddirector
- 2022-03-25➖HIRSCH, Volker resigneddirector
- 2022-03-25➕TROUSDELL, Daren Frederick Donald appointeddirector
- 2021-11-15➖VEALE, Stuart Michael resigneddirector
- 2021-05-26➕HIRSCH, Volker appointeddirector
- 2021-05-26➖VAN SOMEREN, Alex Rupert resigneddirector
- 2020-02-28➖BARRETT, Adrian William resigneddirector
- 2020-02-28➕REEVES, Danny Frederick appointeddirector
- 2019-07-27➕ASPINALL, Michael Stuart appointedsecretary
- 2019-07-27➕ASPINALL, Michael Stuart appointeddirector
- 2019-07-15➖SMITH, Nicholas resignedsecretary
- 2019-07-15➖DAGGER, Robert resigneddirector
- 2019-07-15➕VEALE, Stuart Michael appointeddirector
- 2019-03-31➖BARRETT, Joanne Elizabeth resignedsecretary
- 2019-03-31➕SMITH, Nicholas appointedsecretary
- 2019-03-31➕DAGGER, Robert appointeddirector
- 2019-01-03➖ANTHONY, William Llewellyn resigneddirector
- 2019-01-03➖HIRST, Derrick Howard resigneddirector
- 2019-01-03➖STEWART, James resigneddirector
- 2018-12-24🔓Charge satisfied #1
Showing most recent 50 of 69 events
Owner dependency
75/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Sole director: Only one active director — all governance concentrated on one person.
Succession & seller-readiness
55/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- secondaryStable-but-static management: Company is 19 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Group structure
Nowvertical Uk Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Nowvertical Uk Ltd
Corporate parent · holds 75-100% shares · board control
⬇
EXONAR LIMITED
This company · 06439969
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Nowvertical Uk Ltd Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 25/03/2022 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Similar companies
Active · Technology · PO postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| ADB SOFTWARE LIMITED→ 14012312 · est 2022 · no financials extracted | — | — | — | — | 4y | — | — |
| AERIAL TELEPHONES LIMITED→ 02979045 · est 1994 · no financials extracted | — | — | — | — | 31y | — | — |
| AGILE NETWORK SYSTEMS LIMITED→ 10211390 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| AI GROWTH ACCELERATOR LTD→ 16310708 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| AIVRSOFT LIMITED→ 16008098 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| AKL DIGITAL LIMITED→ 15891242 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| AKM TECHNOLOGIES LIMITED→ 04350970 · est 2002 · no financials extracted | — | — | — | — | 24y | — | — |
| ALL CLEARED SOLUTIONS LTD→ 16337449 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| ALL INCLUSIVE NETWORK LIMITED→ 12707791 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| ALPHA AERIALS LIMITED→ 10197908 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| ALPHA CENTAURI TECHNOLOGIES AND MEDIA SOLUTIONS LTD→ 12505027 · est 2020 · no financials extracted | — | — | — | — | 6y | — | — |
| ALPHA POINT IT LTD→ 13946295 · est 2022 · no financials extracted | — | — | — | — | 4y | — | — |
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
Incorporated2007-11-28
Jurisdictionengland-wales
Primary SIC62012 — Business and domestic software development
Registered office
C/O Azets Carnac Place
Cams Hall Estate
Fareham
Hampshire
PO16 8UY
United Kingdom
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-04-18
Last: 2026-04-04
Officers (1 active · 22 resigned)
GARBER, Andre Ethan→
Activedirector · ~39y · appointed 2023-05-30
View their other companies + combined net worth →
ASPINALL, Michael Stuart→
Resignedsecretary · appointed 2019-07-27 · resigned 2022-06-01
BARRETT, Joanne Elizabeth→
Resignedsecretary · appointed 2009-11-26 · resigned 2019-03-31
HILL, Marcus Stephen→
Resignedsecretary · appointed 2007-11-28 · resigned 2009-11-26
SMITH, Nicholas→
Resignedsecretary · appointed 2019-03-31 · resigned 2019-07-15
TEMPLE SECRETARIES LIMITED→
Resignedcorporate-nominee-secretary · appointed 2007-11-28 · resigned 2007-11-28
ANTHONY, William Llewellyn→
Resigneddirector · ~59y · appointed 2013-10-01 · resigned 2019-01-03
ASPINALL, Michael Stuart→
Resigneddirector · ~54y · appointed 2019-07-27 · resigned 2022-06-01
BARRETT, Adrian William→
Resigneddirector · ~53y · appointed 2007-11-28 · resigned 2020-02-28
BYRNE, Patrick Michael→
Resigneddirector · ~67y · appointed 2018-03-14 · resigned 2022-03-25
DAGGER, Robert→
Resigneddirector · ~37y · appointed 2019-03-31 · resigned 2019-07-15
GALES, David Robert→
Resigneddirector · ~74y · appointed 2013-11-01 · resigned 2017-09-30
GRUJICIC, Sasha Aleksandar→
Resigneddirector · ~47y · appointed 2023-05-30 · resigned 2024-01-12
HILL, Marcus Stephen→
Resigneddirector · ~54y · appointed 2007-11-28 · resigned 2008-06-26
HIRSCH, Volker→
Resigneddirector · ~58y · appointed 2021-05-26 · resigned 2022-03-25
HIRST, Derrick Howard→
Resigneddirector · ~78y · appointed 2013-06-12 · resigned 2019-01-03
REEVES, Danny Frederick→
Resigneddirector · ~56y · appointed 2020-02-28 · resigned 2023-01-30
STEWART, James→
Resigneddirector · ~66y · appointed 2015-08-03 · resigned 2019-01-03
TROUSDELL, Daren Frederick Donald→
Resigneddirector · ~47y · appointed 2022-03-25 · resigned 2023-05-30
VAN SOMEREN, Alex Rupert→
Resigneddirector · ~61y · appointed 2015-08-03 · resigned 2021-05-26
Click a director name to see their full track record across all companies.
Mortgages & charges
1
Total charges
0
Outstanding
0
Active lenders
Status:Lender:1 of 1 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | David Gales / Neil Brown / William Anthony / Laura Anthony | A registered charge | 1 property | 10/11/2014 | 24/12/2018 |
Recent filings (156 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-04-08
accounts-with-accounts-type-full
accounts · AA
2025-12-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-08
accounts-with-accounts-type-full
accounts · AA
2024-10-30
gazette-filings-brought-up-to-date
gazette · DISS40
2024-06-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-06-25
termination-director-company-with-name-termination-date
officers · TM01
2024-06-25
termination-director-company-with-name-termination-date
officers · TM01
2024-06-25
gazette-notice-compulsory
gazette · GAZ1
2024-06-25
accounts-with-accounts-type-small
accounts · AA
2023-09-29
gazette-filings-brought-up-to-date
gazette · DISS40
2023-06-28
gazette-notice-compulsory
gazette · GAZ1
2023-06-27
confirmation-statement-with-updates
confirmation-statement · CS01
2023-06-21
termination-director-company-with-name-termination-date
officers · TM01
2023-06-20
appoint-person-director-company-with-name-date
officers · AP01
2023-06-20