1066 IT SOLUTIONS LIMITED
- 62090Other information technology service activities
Opportunity 36/100 (watch), bankability 20/100. High owner-dependency — earn-out structure likely required for clean transition. Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: distressed disposal / insolvency (65/100). Current lenders should be on immediate intervention.
Data confidence
Overall: medium (78/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Not actionable now, but monitor — distressed, succession, or structural changes could flip this into a real opportunity.
Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · UK GAAP| Metric | 2015-09-30 | 2014-09-30 |
|---|
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
2 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
Corporate timeline (27 events)Click to expand
- 2025-05-28⚠️liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-dateinsolvency · LIQ03
- 2024-05-16⚠️liquidation-voluntary-removal-of-liquidator-by-courtinsolvency · LIQ10
- 2024-05-14⚠️liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-dateinsolvency · LIQ03
- 2024-05-10⚠️liquidation-voluntary-appointment-of-liquidatorinsolvency · 600
- 2024-04-29📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2023-06-09⚠️liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-dateinsolvency · LIQ03
- 2022-09-21⚠️liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-dateinsolvency · LIQ03
- 2021-07-31📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2021-06-18⚠️liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-dateinsolvency · LIQ03
- 2020-06-29⚠️liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-dateinsolvency · LIQ03
- 2019-12-24⚠️liquidation-voluntary-appointment-of-liquidatorinsolvency · 600
- 2019-12-24⚠️liquidation-voluntary-removal-of-liquidator-by-courtinsolvency · LIQ10
- 2019-07-23⚠️liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-dateinsolvency · LIQ03
- 2018-07-03⚠️liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-dateinsolvency · LIQ03
- 2017-05-05📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2017-05-04⚠️liquidation-voluntary-statement-of-affairs-with-form-attachedinsolvency · 4.20
- 2017-05-04⚠️liquidation-voluntary-appointment-of-liquidatorinsolvency · 600
- 2017-05-04📄resolutionresolution · RESOLUTIONS
- 2017-01-30📄change-person-director-company-with-change-dateofficers · CH01
- 2017-01-30📄change-person-director-company-with-change-dateofficers · CH01
- 2016-06-30📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2016-06-29📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2015-09-30📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2015-06-29📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2011-10-17➕COSSON, Rachel Louise appointeddirector
- 2011-09-29🏢Company incorporatedAs 1066 IT SOLUTIONS LIMITED
- 2011-09-29➕COSSON, Timothy John appointeddirector
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Senior director age: Director aged approximately 60 — approaching natural succession window.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
- +No director turnover: Company is 15 years old with no director changes — suggests a very tight-knit founder team never broadened.
Succession & seller-readiness
Some succession indicators present. Worth watching; approach if sector/strategy fits.
- secondaryFounder aged 58+: Senior director is approximately 60. Early succession window.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- secondary12+ year tenure: Director in role 15 years.
Red flags
4 high ·Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.
Evidence: Next due: 2017-06-30
Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.
Evidence: Next due: 2017-10-13
Company is actively being wound up. Not a going concern.
Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2025-05-28: liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date; 2024-05-16: liquidation-voluntary-removal-of-liquidator-by-court
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mrs Rachel Louise Cosson Individual · British · DOB 11/1969 · age 57 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 06/04/2016 |
Mr Timothy John Cosson Individual · British · DOB 01/1966 · age 60 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 06/04/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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11 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 (2 active · 0 resigned)
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