10 SQUARE LIMITED

🌳Matureactive
09590828 · ltd · incorporated 2015-05-14
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.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 9.2y old — refinance window within 12 months
🔒Estimated value
Upgrade to see
Turnover
year to May 2024
Net worth
book net assets
Opportunity
69/100
Strong
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What this business does
Primary activity: Other information technology service activities
Sector: Information & communication
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 69/100 (strong), bankability 65/100. Strong seller-intent signal (63/100, director aged 65). Share purchase looks the cleaner deal structure. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: share sale to pe / searcher (53/100).

🏦

Refinance opportunity

1 live charge · oldest 9.2y

85/100
ready

Refinance conversation should be productive — structure clean and timing right.

  • · Oldest live charge is 9.2 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 15/100 — clean.

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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
2 officers (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
24 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
69/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
55
Adequate — check latest filings for context.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
Current Assets
Current Liabilities
£0£0£0£0£0£0May 2023May 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-05-312023-05-31
Average employees200

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

Recent activity

Last 30 days
1
filing
  • 1 gazette
Last 90 days
1
filing
  • 1 gazette
Last 180 days
1
filing
  • 1 gazette
Counts from Companies House filing history.
Corporate timeline (20 events)Click to expand
  1. 2026-04-28
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  2. 2025-03-18
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  3. 2024-07-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2024-05-15
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  5. 2023-02-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2022-02-25
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2021-11-04
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  8. 2021-11-04
    🔓
    Charge satisfied #1
  9. 2021-05-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2020-01-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2019-02-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2018-02-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2017-02-17
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  14. 2017-02-16
    🔒
    Charge registered #1
    Lender: Rbs Invoice Finance Limited
  15. 2017-02-13
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2016-06-27
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  17. 2015-05-14
    🏢
    Company incorporated
    As 10 SQUARE LIMITED
  18. 2015-05-14
    CONNER, Gary James appointed
    director
  19. 2015-05-14
    CONNER, Karen appointed
    director
  20. 2015-05-14
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

86/100
Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Founder age: Director aged approximately 65 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
  • +No director turnover: Company is 11 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

56/100
Strong succession signal

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

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 65. Approaching typical UK retirement age — succession thinking likely.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

Red flags

1 high ·
Accounts overdue
high

Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.

Evidence: Next due: 2026-02-28

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Gary James Conner
Individual · British · DOB 09/1961 · age 65
2550%
25–50%board control25-50% shares · 25-50% voting · board control06/04/2016
Karen Conner
Individual · British · DOB 07/1962 · age 64
2550%
25–50%board control25-50% shares · 25-50% 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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🔒Tailored diligence questions

9 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 →
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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.

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Company details

Statusactive
Typeltd
Incorporated2015-05-14
Jurisdictionengland-wales
Primary SIC62090 — Other information technology service activities

Registered office

12 Mayfield Road
Bramhall
Stockport
SK7 1JU
England

Filing status

Accounts
Next due: 2026-02-28OVERDUE
Last made up to: 2024-05-31
Confirmation statement
Next due: 2026-05-28
Last: 2025-05-14

Officers (2 active · 0 resigned)

CONNER, Gary James
director · ~65y · appointed 2015-05-14
View their other companies + combined net worth →
Active
CONNER, Karen
director · ~64y · appointed 2015-05-14
View their other companies + combined net worth →
Active

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

Mortgages & charges

1
Total charges
0
Outstanding
0
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
satisfied
NatWest Group
Rbs Invoice Finance Limited
A registered charge16/02/201704/11/2021

Recent filings (24 total)

gazette-notice-compulsory
gazette · GAZ1
2026-04-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-24
accounts-with-accounts-type-dormant
accounts · AA
2025-03-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-07-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-18
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-05-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-02-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-05-20
accounts-with-accounts-type-micro-entity
accounts · AA
2022-02-25
mortgage-satisfy-charge-full
mortgage · MR04
2021-11-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-05-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-05-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-05-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-01-23