2NABLE LTD

🏛️Establishedactive
12060897 · ltd · incorporated 2019-06-20
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
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Turnover
year to Mar 2025
Net worth
£-197.2k
book net assets
Opportunity
77/100
Strong
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What this business does
Primary activity: Business and domestic software development
Sector: Information & communication
ALSO REGISTERED FOR
  • 85590Other education n.e.c.
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 77/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -47% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (73/100).

Data confidence

Overall: high (80/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile
address, 2 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
2 officers (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
22 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
77/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
65
Adequate — check latest filings for context.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Negative net assets
Liabilities exceed assets by £197,203
Cash draining
Cash down 47% YoY
Cash YoY
-47%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£1k
↓ 47% YoY
Net Worth
-£197k
↓ 41% YoY
Current Assets
£4k
Current Liabilities
-£197k-£157k-£117k-£77k-£36k£4kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-03-312024-03-31
Total assets£1.2k
Current assets£3.7k
Cash£1.0k£2.0k
Debtors£2.7k
Net assets£-197.2k£-139.7k

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
1
filing
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (19 events)Click to expand
  1. 2025-12-04
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-06-03
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-12-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2022-12-14
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2022-06-30
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  6. 2022-02-03
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  7. 2022-02-03
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  8. 2022-01-09
    📄
    memorandum-articles
    incorporation · MA
  9. 2022-01-09
    📄
    capital-alter-shares-subdivision
    capital · SH02
  10. 2022-01-09
    📄
    resolution
    resolution · RESOLUTIONS
  11. 2022-01-09
    📄
    resolution
    resolution · RESOLUTIONS
  12. 2022-01-04
    📄
    capital-allotment-shares
    capital · SH01
  13. 2021-12-20
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  14. 2021-03-25
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  15. 2021-03-23
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  16. 2019-06-20
    🏢
    Company incorporated
    As 2NABLE LTD
  17. 2019-06-20
    HEDLEY, Bruce Haakon appointed
    director
  18. 2019-06-20
    HEDLEY, Stella Jane appointed
    director
  19. 2019-06-20
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

79/100
High — earn-out structure required

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

FACTORS
  • +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 7 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

46/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 60. Early succession window.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

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 Bruce Haakon Hedley
Individual · British · DOB 02/1967 · age 59
75100%
75–100%board control75-100% shares · 75-100% voting · board control20/06/2019
1 historic (ceased) PSC
  • Mrs Stella Jane Hedleyceased 23/12/2021· 25-50% shares · 25-50% voting · board control

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

6 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
Incorporated2019-06-20
Jurisdictionengland-wales
Primary SIC62012 — Business and domestic software development

Registered office

85 St. Georges Road
Cheltenham
GL50 3DU
England

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-07-02
Last: 2025-06-18

Officers (2 active · 0 resigned)

HEDLEY, Bruce Haakon
director · ~59y · appointed 2019-06-20
View their other companies + combined net worth →
Active
HEDLEY, Stella Jane
director · ~60y · appointed 2019-06-20
View their other companies + combined net worth →
Active

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

Recent filings (22 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-06-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-06-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-12
confirmation-statement-with-updates
confirmation-statement · CS01
2023-06-21
accounts-with-accounts-type-micro-entity
accounts · AA
2022-12-14
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-06-30
confirmation-statement-with-updates
confirmation-statement · CS01
2022-06-30
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-02-03
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2022-02-03
memorandum-articles
incorporation · MA
2022-01-09
capital-alter-shares-subdivision
capital · SH02
2022-01-09
resolution
resolution · RESOLUTIONS
2022-01-09
resolution
resolution · RESOLUTIONS
2022-01-09