ALTERNATE IT SOLUTIONS LIMITED
💤Zombieactive
06692181 · ltd · incorporated 2008-09-09
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Sept 2024
Net worth
£1.9k
book net assets
Opportunity
75/100
Strong
What this business does
Primary activity: Information technology consultancy activities
Sector: Information & communication
Investor take
PursueStrong opportunity: asset-holding vehicle with strong profile and bankable structure.
Opportunity 75/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -52% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: strategic trade sale (65/100).
Data confidence
Overall: medium (76/100)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
Confirmed no charges registered
85
Directors & officers
3 officers (2 active, 3 linked, 2 with DOB)
83
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
38 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
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
60
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 102Positive net assets
Net assets £1,908
Net assets shrinking
Down £1,930 YoY
Cash draining
Cash down 52% YoY
Cash YoY
-52%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£2k
↓ 52% YoY
Net Worth
£2k
↓ 50% YoY
Current Assets
£2k
↓ 50% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2024-09-30 | 2023-09-30 |
|---|---|---|
| Total assets | £1.9k | £3.8k |
| Current assets | £1.9k | £3.8k |
| Cash | £1.8k | £3.7k |
| Debtors | £100 | £100 |
| Net assets | £1.9k | £3.8k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
Recent activity
Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (20 events)Click to expand
- 2025-06-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-06-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-06-24📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-06-24📄accounts-with-accounts-type-dormantaccounts · AA
- 2023-06-23➖OJIKUTU, Oyinade Oluwatoni resigneddirector
- 2022-07-05📄accounts-with-accounts-type-dormantaccounts · AA
- 2021-06-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-06-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-06-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-07-03📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-06-30📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2016-06-29📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2016-03-07📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2015-11-01📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2015-06-30📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2014-10-06📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2011-04-01➕OJIKUTU, Oyinade Oluwatoni appointeddirector
- 2008-09-09🏢Company incorporatedAs ALTERNATE IT SOLUTIONS LIMITED
- 2008-09-09➕OJO, Ayodele appointedsecretary
- 2008-09-09➕OJO, Afolabi appointeddirector
Owner dependency
85/100
Critical — business is the founderThe business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
FACTORS
- +Sole director: Only one active director — all governance concentrated on one person.
- +Long-tenure founder: Senior director has been in place 18 years — deep operational knowledge concentrated in one person.
Succession & seller-readiness
68/100
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.
- secondary12+ year tenure: Director in role 18 years.
- secondaryStable-but-static management: Company is 18 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
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Afolabi Ojo Individual · British · DOB 05/1978 · age 48 | 75–100% | 75–100% | board controlsig. influence75-100% shares · 75-100% voting · board control · significant influence · trust interest · firm interest | 09/09/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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| AM IN DIGITAL (UK) LTD→ 15855236 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| AMAAD DIGITAL LIMITED→ 14954265 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| AMABLE MARTEN LTD→ 12561557 · est 2020 · no financials extracted | — | — | — | — | 6y | — | — |
| AMJAD TECH LTD→ 15049730 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| AMONRA IT LTD→ 08291897 · est 2012 · no financials extracted | — | — | — | — | 13y | — | — |
| AMS QA LIMITED→ 07734217 · est 2011 · no financials extracted | — | — | — | — | 14y | — | — |
| ANAXION SUPPORT SERVICES LIMITED→ 12792809 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| ANDREW MERCHANT LTD→ 12353439 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| ANDREWENNY CONSULTING LTD→ 09641852 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
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
Incorporated2008-09-09
Jurisdictionengland-wales
Primary SIC62020 — Information technology consultancy activities
Registered office
Bent Hill 25 Church Road
Shaw
Oldham
OL2 7AT
England
Filing status
Accounts
Next due: 2026-06-30
Last made up to: 2024-09-30
Confirmation statement
Next due: 2026-09-23
Last: 2025-09-09
Officers (2 active · 1 resigned)
Active
OJO, Afolabi→
Activedirector · ~48y · appointed 2008-09-09
View their other companies + combined net worth →
OJIKUTU, Oyinade Oluwatoni→
Resigneddirector · ~45y · appointed 2011-04-01 · resigned 2023-06-23
Click a director name to see their full track record across all companies.
Recent filings (38 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-06-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-09-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-06-30
confirmation-statement-with-updates
confirmation-statement · CS01
2023-09-21
termination-director-company-with-name-termination-date
officers · TM01
2023-06-24
accounts-with-accounts-type-dormant
accounts · AA
2023-06-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-09-28
accounts-with-accounts-type-dormant
accounts · AA
2022-07-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-09-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-06-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-09-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-06-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-09-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-06-30