10T TECH UK LIMITED

💤Zombieactive
14064965 · ltd · incorporated 2022-04-25
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
🔒Estimated value
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Turnover
year to Mar 2025
Net worth
£-311.7k
book net assets
Opportunity
71/100
Strong
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What this business does
Primary activity: Business and domestic software development
Sector: Information & communication
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 71/100 (strong), bankability 70/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: strategic trade sale (65/100).

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
Confirmed no charges registered
85
Directors & officers
1 officers (1 active, 1 linked, 1 with DOB)
90
Ownership & PSC
2 active PSC(s) of 3 total, 3 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
11 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
71/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Negative net assets
Liabilities exceed assets by £311,709
Net assets shrinking
Down £420,126 YoY

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
-£312k
↓ 388% YoY
Current Assets
£4k
↓ 58% YoY
Current Liabilities
-£312k-£228k-£144k-£60k£24k£108kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-312024-03-31
Total assets£-311.7k£9.2k
Current assets£3.9k£9.2k
Net assets£-311.7k£108.4k

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

Recent activity

Last 30 days
2
filings
  • 1 persons-with-significant-control
  • 1 confirmation-statement
Last 90 days
2
filings
  • 1 persons-with-significant-control
  • 1 confirmation-statement
Last 180 days
4
filings
  • 2 persons-with-significant-control
  • 1 confirmation-statement
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (9 events)Click to expand
  1. 2026-04-21
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  2. 2025-12-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2025-11-11
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  4. 2024-12-18
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2024-02-05
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2022-11-27
    📄
    change-account-reference-date-company-current-shortened
    accounts · AA01
  7. 2022-04-25
    🏢
    Company incorporated
    As 10T TECH UK LIMITED
  8. 2022-04-25
    BARNES, Simon Andrew appointed
    director
  9. 2022-04-25
    📄
    incorporation-company
    incorporation · NEWINC

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
  • +Sole director: Only one active director — all governance concentrated on one person.

Succession & seller-readiness

45/100
Moderate signal

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

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

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

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Lennart Peter Fredric Liljestroem
Individual · Swedish · DOB 02/1973 · age 53
2550%
25-50% shares26/04/2022
Mr Simon Andrew Barnes
Individual · British · DOB 12/1975 · age 51
board controlboard control25/04/2022
1 historic (ceased) PSC
  • 10t Tech Holdings Limitedceased 11/11/2025· 75-100% shares · 75-100% 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.

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒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.

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Company details

Statusactive
Typeltd
Incorporated2022-04-25
Jurisdictionengland-wales
Primary SIC62012 — Business and domestic software development

Registered office

90 Deacon Road
Kingston Upon Thames
KT2 6LU
England

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-05-01
Last: 2026-04-17

Officers (1 active · 0 resigned)

BARNES, Simon Andrew
director · ~51y · appointed 2022-04-25
View their other companies + combined net worth →
Active

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

Recent filings (11 total)

notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2026-04-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-04-17
accounts-with-accounts-type-micro-entity
accounts · AA
2025-12-30
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-11-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-08
accounts-with-accounts-type-micro-entity
accounts · AA
2024-12-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-07
accounts-with-accounts-type-micro-entity
accounts · AA
2024-02-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-05
change-account-reference-date-company-current-shortened
accounts · AA01
2022-11-27
incorporation-company
incorporation · NEWINC
2022-04-25