AETERNUM SOFTWARE LTD
Opportunity 78/100 (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: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (73/100).
Data confidence
Overall: high (80/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-01-30 | 2024-01-30 |
|---|---|---|
| Average employees | 200 | 200 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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
Corporate timeline (23 events)Click to expand
- 2025-10-27📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2025-09-08📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC05
- 2024-07-03➕MORRISON, Alaster Lawrie appointeddirector
- 2024-07-03➖NICCOL, Dennis resigneddirector
- 2024-07-03📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC05
- 2024-07-03📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2024-07-03📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-07-03📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-05-14📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-10-23📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-01-27📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-05-17📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2021-10-21📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-12-02📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-01-31📄resolutionresolution · RESOLUTIONS
- 2020-01-31✏️change-of-name-noticechange-of-name · CONNOT
- 2019-10-22📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-10-23📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-10-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-09-12➖NICCOL, Pamela Anne resigneddirector
- 2009-08-26🏢Company incorporatedAs AETERNUM SOFTWARE LTD
- 2009-08-26➕NICCOL, Dennis appointeddirector
- 2009-08-26➕NICCOL, Pamela Anne appointeddirector
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Sole director: Only one active director — all governance concentrated on one person.
- +Senior director age: Director aged approximately 60 — approaching natural succession window.
Succession & seller-readiness
Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.
- secondaryFounder aged 58+: Senior director is approximately 60. Early succession window.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
Red flags
cleanGroup structure
Driftwood Ventures Ltd. is the ultimate parent — holding 75%+ shares. This company sits inside their group.
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 |
|---|---|---|---|---|
Driftwood Ventures Ltd. Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 22/03/2017 |
2 historic (ceased) PSCs
- Mr Dennis Niccolceased 03/07/2024· 25-50% shares
- Mrs Pamela Anne Niccolceased 12/09/2017· 25-50% shares
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
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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.
See pricing →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
Registered office
Filing status
Officers (1 active · 2 resigned)
Click a director name to see their full track record across all companies.