NEBULAR HOLDINGS LIMITED
🏛️Establishedactive
11319020 · ltd · incorporated 2018-04-19
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 Mar 2025
Net worth
£222.7k
book net assets
Opportunity
74/100
Strong
What this business does
Primary activity: Business and domestic software development
Sector: Information & communication
Investor take
PursueStrong opportunity: active trading company with strong profile and acceptable with review structure.
Opportunity 74/100 (strong), bankability 67/100. High owner-dependency — earn-out structure likely required for clean transition. 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: strategic trade sale (65/100).
🏦
Refinance opportunity
3 live charges · 3 lenders · oldest 7.3y
15/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 7.3 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Cashflow trend is negative — lender view likely cautious.
Data confidence
Overall: high (81/100)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
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
3 connected companies via shared directors
54
Filing history
36 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
74/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
65
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 102Positive net assets
Net assets £222,699
Net assets shrinking
Down £451,491 YoY
Cash draining
Cash down 68% YoY
Cash YoY
-68%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£142k
↓ 68% YoY
Net Worth
£223k
↓ 67% YoY
Current Assets
£361k
↓ 37% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Total assets | £442.9k | £920.6k |
| Current assets | £360.8k | £569.8k |
| Cash | £142.4k | £446.6k |
| Debtors | £218.5k | £123.2k |
| Net assets | £222.7k | £674.2k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
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
Last 30 days
0
filings
Last 90 days
4
filings
- • 3 mortgage
- • 1 confirmation-statement
Last 180 days
4
filings
- • 3 mortgage
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (25 events)Click to expand
- 2026-04-09📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2026-04-07📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2026-04-02🔒Charge registered #3Lender: Mark Anthony Albinson
- 2026-04-01🔒Charge registered #2Lender: Octopus Investments Limited
- 2026-03-24📄mortgage-satisfy-charge-fullmortgage · MR04
- 2026-03-24🔓Charge satisfied #1
- 2025-10-06📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-03-05📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-12-22📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-04-22📄memorandum-articlesincorporation · MA
- 2023-04-22📄resolutionresolution · RESOLUTIONS
- 2023-04-22📄capital-name-of-class-of-sharescapital · SH08
- 2023-04-22📄capital-name-of-class-of-sharescapital · SH08
- 2023-04-22📄capital-name-of-class-of-sharescapital · SH08
- 2023-04-22📄capital-name-of-class-of-sharescapital · SH08
- 2023-04-22📄capital-name-of-class-of-sharescapital · SH08
- 2022-12-23📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-03-01📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-02-03📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-12-23📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-11-14📄change-account-reference-date-company-previous-shortenedaccounts · AA01
- 2019-02-01🔒Charge registered #1Lender: National Westminster Bank PLC
- 2018-05-21➕HUGHES, Paul Andrew appointeddirector
- 2018-04-19🏢Company incorporatedAs NEBULAR HOLDINGS LIMITED
- 2018-04-19➕WOOD, David Stephen appointeddirector
Owner dependency
63/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +No director turnover: Company is 8 years old with no director changes — suggests a very tight-knit founder team never broadened.
Succession & seller-readiness
36/100
Weak signalLimited succession signal. Not a near-term off-market candidate.
SIGNALS
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
Red flags
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Paul Andrew Hughes Individual · British · DOB 03/1978 · age 48 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 21/05/2018 |
Mr David Stephen Wood Individual · British · DOB 09/1982 · age 44 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 19/04/2018 |
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 →Similar companies
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|---|---|---|---|---|---|---|---|
| A.I.C.G LTD→ 10003529 · est 2016 · no financials extracted | — | — | — | — | 10y | — | — |
| A4S CLOUD SOLUTIONS LIMITED→ 08255034 · est 2012 · no financials extracted | — | — | — | — | 13y | — | — |
| ADAPTSOFT LTD→ 07189309 · est 2010 · no financials extracted | — | — | — | — | 16y | — | — |
| ADHESION LTD→ 15557070 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| ADJUTANT SOFTWARE LTD→ 11618378 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| ADVANCED CELLULAR ENGINEERING LTD→ 13414035 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| ADVANCED MEDIA RESTORATION LIMITED→ 07882061 · est 2011 · no financials extracted | — | — | — | — | 14y | — | — |
| ADVENTURES BY MAIL (EUROPE) LIMITED→ 03031898 · est 1995 · no financials extracted | — | — | — | — | 31y | — | — |
| ADVISER PORTALS LTD→ 04956110 · est 2003 · no financials extracted | — | — | — | — | 22y | — | — |
| AELIUS AI LIMITED→ 15456875 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| AERODATA SOFTWARE LIMITED→ 07757856 · est 2011 · no financials extracted | — | — | — | — | 14y | — | — |
| AFFECT MEDIA LIMITED→ 10508599 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
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 →🔒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
Incorporated2018-04-19
Jurisdictionengland-wales
Primary SIC62012 — Business and domestic software development
Registered office
7 St. Petersgate
Stockport
SK1 1EB
England
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-05-02
Last: 2026-04-18
Officers (2 active · 0 resigned)
HUGHES, Paul Andrew→
Activedirector · ~48y · appointed 2018-05-21
View their other companies + combined net worth →
WOOD, David Stephen→
Activedirector · ~44y · appointed 2018-04-19
View their other companies + combined net worth →
Click a director name to see their full track record across all companies.
Mortgages & charges
3
Total charges
2
Outstanding
2
Active lenders
Status:Lender:3 of 3 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Mark Anthony Albinson | A registered charge | 1 property | 02/04/2026 | — | |
| outstanding | Octopus Investments Octopus Investments Limited | A registered charge | — | 01/04/2026 | — | |
| satisfied | National Westminster Bank National Westminster Bank PLC | A registered charge | 1 property | 01/02/2019 | 24/03/2026 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (36 total)
confirmation-statement-with-updates
confirmation-statement · CS01
2026-05-07
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-04-09
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-04-07
mortgage-satisfy-charge-full
mortgage · MR04
2026-03-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-10-06
confirmation-statement-with-updates
confirmation-statement · CS01
2025-05-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-03-05
confirmation-statement-with-updates
confirmation-statement · CS01
2024-05-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-22
confirmation-statement-with-updates
confirmation-statement · CS01
2023-05-12
memorandum-articles
incorporation · MA
2023-04-22
resolution
resolution · RESOLUTIONS
2023-04-22
capital-name-of-class-of-shares
capital · SH08
2023-04-22
capital-name-of-class-of-shares
capital · SH08
2023-04-22
capital-name-of-class-of-shares
capital · SH08
2023-04-22