ICON TECHNOLOGY SYSTEMS LIMITED

🌳Matureactive
07015082 · ltd · incorporated 2009-09-10
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.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
£-18.64M
book net assets
Opportunity
83/100
Exceptional
🔔
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What this business does
Primary activity: SIC 22290
Sector: Manufacturing
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 83/100 (exceptional), bankability 67/100. Strong seller-intent signal (63/100, director aged 69). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

3 live charges · 3 lenders · oldest 12.7y

35/100
too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

  • · Oldest live charge is 12.7 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: high (84/100)

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
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
10 officers (3 active, 10 linked, 8 with DOB)
86
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
22 connected companies via shared directors
90
Filing history
66 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
83/100Exceptional
PassWatchWorth a lookStrongExceptional 

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
85
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Negative net assets
Liabilities exceed assets by £18,642,815
Cash YoY
+231%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£5k
↑ 231% YoY
Net Worth
-£19m
~ YoY
Current Assets
£7.8m
↑ 1.5% YoY
Current Liabilities
—
-£19m-£13m-£8.0m-£2.7m£2.5m£7.8mDec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-12-312023-12-31
Total assets£-18.64M£-18.59M
Current assets£7.85M£7.74M
Cash£5.1k£1.5k
Debtors£7.84M£7.73M
Net assets£-18.64M£-18.59M

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

3 signals 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
0
filings
Counts from Companies House filing history.
Corporate timeline (37 events)Click to expand
  1. 2025-09-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-03-05
    📄
    resolution
    resolution · RESOLUTIONS
  3. 2025-01-22
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  4. 2024-12-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2024-09-23
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  6. 2023-09-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2022-09-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2021-09-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2020-09-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2019-09-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2018-07-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2018-06-04
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  13. 2018-05-31
    ➖
    CUPIT, David resigned
    director
  14. 2018-03-01
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  15. 2018-03-01
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  16. 2018-02-28
    ➖
    HORSMAN, Neil Richard resigned
    director
  17. 2017-09-15
    📄
    resolution
    resolution · RESOLUTIONS
  18. 2017-09-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  19. 2016-11-28
    ➖
    LEE, Matthew John resigned
    director
  20. 2016-07-29
    ➖
    CROOK, Andy resigned
    director
  21. 2015-12-04
    ➕
    CROOK, Andy appointed
    director
  22. 2015-01-21
    ➕
    LEE, Matthew John appointed
    director
  23. 2013-09-25
    ➕
    BRANNON, Andrew appointed
    director
  24. 2013-09-25
    🔒
    Charge registered #3
    Lender: Fiona Brannon
  25. 2013-09-25
    🔒
    Charge registered #2
    Lender: Pcn Properties LLP
  26. 2013-09-25
    🔒
    Charge registered #1
    Lender: Jcco 175 Limited
  27. 2010-08-06
    ➕
    HOLDEN, Philip appointed
    director
  28. 2010-08-06
    ➕
    MARSDEN, Christopher John appointed
    director
  29. 2010-08-06
    ➕
    HORSMAN, Neil Richard appointed
    director
  30. 2009-09-17
    ➖
    JC SECRETARIES LIMITED resigned
    corporate-secretary
  31. 2009-09-17
    ➖
    BLOOD, Michael James resigned
    director
  32. 2009-09-17
    ➕
    CUPIT, David appointed
    director
  33. 2009-09-17
    ➖
    JC DIRECTORS LIMITED resigned
    corporate-director
  34. 2009-09-10
    🏢
    Company incorporated
    As ICON TECHNOLOGY SYSTEMS LIMITED
  35. 2009-09-10
    ➕
    JC SECRETARIES LIMITED appointed
    corporate-secretary
  36. 2009-09-10
    ➕
    BLOOD, Michael James appointed
    director
  37. 2009-09-10
    ➕
    JC DIRECTORS LIMITED appointed
    corporate-director

Owner dependency

75/100
High — earn-out structure required

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

FACTORS
  • +Long-tenure founder: Senior director has been in place 16 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 69 — succession pressure is live.

Succession & seller-readiness

73/100
Strong succession signal

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

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 69. Approaching typical UK retirement age — succession thinking likely.
  • secondary12+ year tenure: Director in role 16 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

clean
No 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%
NameSharesVoting rightsNature of controlNotified
Mr Philip Holden
Individual · British · DOB 10/1965 · age 61
75–100%
75–100%board control75-100% shares · 75-100% voting · board control06/04/2016

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 →
🔒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
Incorporated2009-09-10
Jurisdictionengland-wales
Primary SIC22290 — SIC 22290

Registered office

A C Plastics
Wilson Road
Liverpool
L36 6AN
England

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-09-24
Last: 2025-09-10

Officers (3 active · 7 resigned)

BRANNON, Andrew→
director · ~66y · appointed 2013-09-25
View their other companies + combined net worth →
Active
HOLDEN, Philip→
director · ~61y · appointed 2010-08-06
View their other companies + combined net worth →
Active
MARSDEN, Christopher John→
director · ~69y · appointed 2010-08-06
View their other companies + combined net worth →
Active
JC SECRETARIES LIMITED→
corporate-secretary · appointed 2009-09-10 · resigned 2009-09-17
Resigned
BLOOD, Michael James→
director · ~58y · appointed 2009-09-10 · resigned 2009-09-17
Resigned
CROOK, Andy→
director · ~69y · appointed 2015-12-04 · resigned 2016-07-29
Resigned
CUPIT, David→
director · ~67y · appointed 2009-09-17 · resigned 2018-05-31
Resigned
HORSMAN, Neil Richard→
director · ~63y · appointed 2010-08-06 · resigned 2018-02-28
Resigned
LEE, Matthew John→
director · ~51y · appointed 2015-01-21 · resigned 2016-11-28
Resigned
JC DIRECTORS LIMITED→
corporate-director · appointed 2009-09-10 · resigned 2009-09-17
Resigned

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

Mortgages & charges

3
Total charges
3
Outstanding
3
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
outstanding
Fiona Brannon
A registered charge1 property25/09/2013—
outstanding
Pcn Properties
Pcn Properties LLP
A registered charge1 property25/09/2013—
outstanding
Jcco 175
Jcco 175 Limited
A registered charge1 property25/09/2013—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (66 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-16
resolution
resolution · RESOLUTIONS
2025-03-05
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-01-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-09-24
change-account-reference-date-company-previous-shortened
accounts · AA01
2024-09-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-09-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-09-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-09-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-09-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-09-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-09-24