SMG IT LIMITED

💤Zombieactive

NI623528 · ltd · incorporated 2014-03-20

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

—

Upgrade to see

Turnover

—

year to Mar 2025

Net worth

—

book net assets

Opportunity

73/100

Strong

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What this business does

Primary activity: Information technology consultancy activities

Sector: Information & communication

Investor take

Pursue

Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 73/100 (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: 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: medium (69/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile

address, 1 SIC codes, incorporation date

100

Financials

1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed

Lenders & charges

Confirmed no charges registered

Directors & officers

2 officers (2 active, 2 linked, 1 with DOB)

Ownership & PSC

2 active PSC(s) of 2 total, 2 with control declared

Director network

Network not yet resolved

Filing history

29 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

73/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Active, clean filings, stable charge profile.

Acquirability

Some acquirability indicators.

Risk profile

Few red flags.

Signal strength

Good data coverage for analysis.

Key financials

1 year extracted from filed iXBRL accounts

Cash

—

Net Worth

—

Current Assets

—

Current Liabilities

—

Financials

Extracted from Companies House accounts · FRS 102

Metric	2025-03-31
Average employees	200

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

🔒Filing-note intelligence

2 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

filings

Last 90 days

filing

• 1 confirmation-statement

Last 180 days

filings

• 1 confirmation-statement
• 1 accounts

Counts from Companies House filing history.

Corporate timeline (18 events)Click to expand

2025-12-10
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-12-19
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-12-08
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-08-11
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-01-25
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-12-30
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-09-27
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-12-13
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2017-10-13
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2017-09-11
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2017-09-11
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2017-09-11
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2017-09-11
📄
change-person-director-company-with-change-date
officers · CH01
2017-09-11
📄
change-person-secretary-company-with-change-date
officers · CH03
2016-12-30
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2014-03-20
🏢
Company incorporated
As SMG IT LIMITED
2014-03-20
➕
MCGRATH, Joanne appointed
secretary
2014-03-20
➕
MCGRATH, Seamus appointed
director

Owner dependency

80/100

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

+Sole director: Only one active director — all governance concentrated on one person.
+No director turnover: Company is 12 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

58/100

Strong succession signal

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

SIGNALS

primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
secondary12+ year tenure: Director in role 12 years.
supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

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

Name	Shares	Voting rights	Nature of control	Notified
Mr Seamus Mcgrath Individual · Irish · DOB 09/1981 · age 45	50–75%	50–75%	50-75% shares · 50-75% voting	06/04/2016
Mrs Joanne Mcgrath Individual · Irish · DOB 09/1986 · age 40	25–50%	25–50%	25-50% shares · 25-50% voting	06/04/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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CLARITY TELECOM LIMITED→ NI038966 · est 2000 · no financials extracted	—	—	—	—	25y	83	65y
CONDUIX LTD→ NI071506 · est 2009 · no financials extracted	—	—	—	—	17y	83	61y
GCD TECHNOLOGIES LTD→ NI064747 · est 2007	—	—	—	-5500	19y	83	79y
HENDERSON TECHNOLOGY LIMITED→ NI072364 · est 2009 · no financials extracted	—	—	—	—	17y	83	64y

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

Incorporated2014-03-20

Jurisdictionnorthern-ireland

Primary SIC62020 — Information technology consultancy activities

Registered office

60 Ballydoolagh Road

Ballydoolagh

Enniskillen

Co. Fermanagh

BT74 4JZ

Northern Ireland

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-31

Confirmation statement

Next due: 2027-04-03

Last: 2026-03-20

Officers (2 active · 0 resigned)

MCGRATH, Joanne→

secretary · appointed 2014-03-20

View their other companies + combined net worth →

Active

MCGRATH, Seamus→

director · ~45y · appointed 2014-03-20

View their other companies + combined net worth →

Active

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