24 SECURE SYSTEMS LTD
No material changes in the last 30 days.
No snapshot from 90 days ago — start tracking from today.
No snapshot from 180 days ago — start tracking from today.
Opportunity 70/100 (strong), bankability 65/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Deleverage or restructure. Leverage at 100% of assets — consider sale of non-core assets or equity injection. Most likely exit: share sale to pe / searcher (58/100).
Data confidence
Overall: medium (72/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredKey financials
1 year extracted from filed iXBRL accountsFinancials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-08-31 |
|---|---|
| Total assets | £293.1k |
| Current assets | £228.3k |
| Net assets | £102.1k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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
- • 2 officers
- • 2 persons-with-significant-control
- • 1 accounts
- • 2 officers
- • 2 persons-with-significant-control
- • 1 accounts
Corporate timeline (24 events)Click to expand
- 2026-05-29📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2026-05-17📄change-person-director-company-with-change-dateofficers · CH01
- 2026-05-15📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2026-05-15📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2026-05-15📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2026-05-15📄change-person-director-company-with-change-dateofficers · CH01
- 2025-12-01📄change-person-director-company-with-change-dateofficers · CH01
- 2025-12-01📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2025-11-30📄change-person-director-company-with-change-dateofficers · CH01
- 2025-11-30📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-11-30📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-07-31📄resolutionresolution · RESOLUTIONS
- 2025-07-31📄memorandum-articlesincorporation · MA
- 2025-05-23📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-05-23📄capital-allotment-sharescapital · SH01
- 2025-02-13📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-02-13📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2025-02-13📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-12-15➕PAPHITIS, Nicola appointeddirector
- 2024-11-03📄change-account-reference-date-company-current-shortenedaccounts · AA01
- 2024-11-03📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-09-16🏢Company incorporatedAs 24 SECURE SYSTEMS LTD
- 2024-09-16➕PAPHITIS, Jason Nicholas David appointeddirector
- 2024-09-16📄incorporation-companyincorporation · NEWINC
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.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
- +Young company: Only 1.8 years old — management layer unlikely to be developed.
Succession & seller-readiness
Limited succession signal. Not a near-term off-market candidate.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
Red flags
1 lowMultiple address changes in a short period can indicate operational instability or admin disorder.
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mrs Nicola Paphitis Individual · British · DOB 11/1988 · age 38 | 25–50% | — | 25-50% shares | 15/12/2024 |
Mr Jason Nicholas David Paphitis Individual · British · DOB 05/1986 · age 40 | 25–50% | 25–50% | board control25-50% shares · 25-50% voting · board control | 16/09/2024 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
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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 →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)
Click a director name to see their full track record across all companies.