ABILITY IT SERVICES LTD

🌳Matureactive
06966482 · ltd · incorporated 2009-07-20
Investment thesis
Well-run mature business — low negotiation leverage; premium likely.
Why interesting: Textbook target; clean filings, stable trading.
Why risky: No pressure on seller; any deal likely at full price.
Opportunity decay
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
  • · Thesis: well-run, low negotiation leverage
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Jan 2025
Net worth
£73.2k
book net assets
Opportunity
75/100
Strong
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What this business does
Primary activity: Other information technology service activities
Sector: Information & communication
Investor take
Pursue
Strong 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. Most likely exit: strategic trade sale (65/100).

Data confidence

Overall: high (80/100)

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
75
Lenders & charges
Confirmed no charges registered
85
Directors & officers
6 officers (2 active, 6 linked, 6 with DOB)
90
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
57 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
65
Some acquirability indicators.
Risk profile
82
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £73,245
Cash YoY
-15%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£21k
↓ 15% YoY
Net Worth
£73k
~ YoY
Current Assets
£236k
↑ 18% YoY
Current Liabilities
—
£0£47k£94k£142k£189k£236kJan 2024Jan 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-01-312024-01-31
Total assets£133.4k£105.5k
Current assets£235.9k£200.1k
Cash£20.8k£24.3k
Debtors£185.8k£150.9k
Net assets£73.2k£72.8k

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
2
filings
  • • 1 confirmation-statement
  • • 1 officers
Last 90 days
4
filings
  • • 2 address
  • • 1 confirmation-statement
  • • 1 officers
Last 180 days
5
filings
  • • 2 confirmation-statement
  • • 2 address
  • • 1 officers
Counts from Companies House filing history.
Corporate timeline (27 events)Click to expand
  1. 2026-05-12
    ➖
    FORD, Simon Benjamin resigned
    director
  2. 2026-05-12
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  3. 2026-03-30
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  4. 2026-03-23
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  5. 2025-10-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2024-10-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2023-10-20
    📄
    change-person-director-company-with-change-date
    officers · CH01
  8. 2023-10-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2022-09-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2022-01-24
    ➕
    FORD, Simon Benjamin appointed
    director
  11. 2022-01-24
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  12. 2021-10-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2020-12-03
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2019-11-15
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  15. 2019-10-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2019-09-27
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  17. 2019-09-27
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  18. 2018-10-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  19. 2017-01-17
    ➖
    SMITH, Michael Patrick resigned
    director
  20. 2013-04-06
    ➕
    ATKIN, David Leonard appointed
    director
  21. 2013-01-17
    ➖
    GILL, Simon Martin resigned
    director
  22. 2009-07-20
    🏢
    Company incorporated
    As ABILITY IT SERVICES LTD
  23. 2009-07-20
    ➕
    O'GRADY, Michael Richard appointed
    director
  24. 2009-07-20
    ➕
    GILL, Simon Martin appointed
    director
  25. 2009-07-20
    ➕
    KAHAN, Barbara appointed
    director
  26. 2009-07-20
    ➖
    KAHAN, Barbara resigned
    director
  27. 2009-07-20
    ➕
    SMITH, Michael Patrick 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 17 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 17 years.
  • secondaryStable-but-static management: Company is 17 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 low
Multiple registered office changes
low

Multiple address changes in a short period can indicate operational instability or admin disorder.

Group structure

Rivercity Group Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Rivercity Group Limited
Corporate parent · holds 75-100% shares
ultimate parent
⬇
ABILITY IT SERVICES LTD
This company · 06966482

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%
NameSharesVoting rightsNature of controlNotified
Rivercity Group Limited
Corporate entity
75–100%
—75-100% shares27/02/2018
2 historic (ceased) PSCs
  • Mr Michael Richard O'Gradyceased 27/02/2019· 75-100% shares
  • Mr Michael Patrick Smithceased 07/04/2017· significant influence

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

6 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
Incorporated2009-07-20
Jurisdictionengland-wales
Primary SIC62090 — Other information technology service activities

Registered office

Strata House
300 Hawthorn Avenue
Hull
East Yorkshire
HU3 5LL
England

Filing status

Accounts
Next due: 2026-10-31
Last made up to: 2025-01-31
Confirmation statement
Next due: 2027-05-26
Last: 2026-05-12

Officers (2 active · 4 resigned)

ATKIN, David Leonard→
director · ~37y · appointed 2013-04-06
View their other companies + combined net worth →
Active
O'GRADY, Michael Richard→
director · ~53y · appointed 2009-07-20
View their other companies + combined net worth →
Active
FORD, Simon Benjamin→
director · ~42y · appointed 2022-01-24 · resigned 2026-05-12
Resigned
GILL, Simon Martin→
director · ~52y · appointed 2009-07-20 · resigned 2013-01-17
Resigned
KAHAN, Barbara→
director · ~95y · appointed 2009-07-20 · resigned 2009-07-20
Resigned
SMITH, Michael Patrick→
director · ~51y · appointed 2009-07-20 · resigned 2017-01-17
Resigned

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

Recent filings (57 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2026-05-12
termination-director-company-with-name-termination-date
officers · TM01
2026-05-12
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-03-30
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-03-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-10-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-10-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-14
change-person-director-company-with-change-date
officers · CH01
2023-10-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-10-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-02-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-09-30
confirmation-statement-with-updates
confirmation-statement · CS01
2022-01-24
appoint-person-director-company-with-name-date
officers · AP01
2022-01-24