ABSOLUTE ACCOUNTING SOFTWARE LTD

🌳Matureactive
07122547 · ltd · incorporated 2010-01-12
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 Dec 2024
Net worth
£867.4k
book net assets
Opportunity
76/100
Strong
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What this business does
Primary activity: Other information technology service activities
Sector: Information & communication
Investor take
Special-situation opportunity
Distressed technology with salvageable qualities — special-situations priority.

Opportunity 76/100 (strong), bankability 75/100. Strong seller-intent signal (63/100, director aged 72). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: 1 insolvency-related filing on record. Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding. Most likely exit: strategic trade sale (73/100).

Data confidence

Overall: medium (79/100)

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
4 officers (3 active, 4 linked, 3 with DOB)
85
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
43 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
76/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
85
Strong succession / seller-readiness signals.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Positive net assets
Net assets £867,365
Cash YoY
+10%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£943k
↑ 9.6% YoY
Net Worth
£867k
↑ 5.8% YoY
Current Assets
£952k
↑ 10% YoY
Current Liabilities
—
£0£190k£381k£571k£762k£952kDec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-12-312023-12-31
Total assets£867.4k£819.8k
Current assets£952.0k£864.9k
Cash£943.4k£860.8k
Debtors£8.6k£4.1k
Net assets£867.4k£819.8k

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
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (21 events)Click to expand
  1. 2025-03-12
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  2. 2025-01-23
    📍
    change-sail-address-company-with-new-address
    address · AD02
  3. 2024-09-25
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  4. 2023-09-07
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  5. 2022-09-30
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  6. 2021-08-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2020-08-20
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  8. 2019-09-07
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  9. 2018-08-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2017-09-04
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2016-09-12
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  12. 2016-05-09
    📄
    legacy
    capital · SH20
  13. 2016-04-04
    📄
    capital-statement-capital-company-with-date-currency-figure
    capital · SH19
  14. 2016-04-04
    ⚠️
    legacy
    insolvency · CAP-SS
  15. 2016-04-04
    📄
    resolution
    resolution · RESOLUTIONS
  16. 2011-02-15
    ➖
    MOONEY, Claire Alison resigned
    secretary
  17. 2010-10-01
    ➕
    MOONEY, Claire Alison appointed
    secretary
  18. 2010-05-19
    ➕
    MOONEY, Giles Edward appointed
    director
  19. 2010-01-12
    🏢
    Company incorporated
    As ABSOLUTE ACCOUNTING SOFTWARE LTD
  20. 2010-01-12
    ➕
    GOOD, Timothy James appointed
    director
  21. 2010-01-12
    ➕
    SCARF, Camilla Coral appointed
    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 72 — succession pressure is live.

Succession & seller-readiness

83/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 72 years old. Natural succession window is now.
  • secondary12+ year tenure: Director in role 16 years.
  • secondaryStable-but-static management: Company is 16 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 high ·
1 insolvency-related filing on record
high

Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.

Evidence: 2016-04-04: legacy

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Timothy James Good
Individual · British · DOB 02/1954 · age 72
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016
Mrs Camilla Coral Scarf
Individual · British · DOB 06/1969 · age 57
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016

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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🔒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
Incorporated2010-01-12
Jurisdictionengland-wales
Primary SIC62090 — Other information technology service activities

Registered office

Commerce House
Telford Road
Bicester
Oxfordshire
OX26 4LD

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-01-26
Last: 2026-01-12

Officers (3 active · 1 resigned)

GOOD, Timothy James→
director · ~72y · appointed 2010-01-12
View their other companies + combined net worth →
Active
MOONEY, Giles Edward→
director · ~51y · appointed 2010-05-19
View their other companies + combined net worth →
Active
SCARF, Camilla Coral→
director · ~57y · appointed 2010-01-12
View their other companies + combined net worth →
Active
MOONEY, Claire Alison→
secretary · appointed 2010-10-01 · resigned 2011-02-15
Resigned

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

Recent filings (43 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-14
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-03-12
change-sail-address-company-with-new-address
address · AD02
2025-01-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-23
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-09-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-23
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-09-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-01-25
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-09-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-01-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-08-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-01-25
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2020-08-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-01-26
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2019-09-07