INOV8 SYSTEMS LIMITED
🏛️Establishedactive
NI638705 · ltd · incorporated 2016-05-26
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 Dec 2024
Net worth
—
book net assets
Opportunity
72/100
Strong
What this business does
Primary activity: SIC 26512
Sector: Manufacturing
Investor take
PursueStrong opportunity: active trading company with strong profile and acceptable with review structure.
Opportunity 72/100 (strong), bankability 57/100. 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. 6 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).
🏦
Refinance opportunity
9 live charges · 5 lenders · oldest 6.5y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 6.5 years old — likely at or near maturity.
- · 5 lenders named — inter-creditor friction likely.
- · Legal-friction score 25/100 — workable, but lender will want more DD.
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
9 charges (9/9 with lender, 9/9 with type)
90
Directors & officers
6 officers (6 active, 6 linked, 6 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
46 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
72/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
55
Adequate — check latest filings for context.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
74
Few red flags.
Signal strength
100
Good data coverage for analysis.
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Average employees | 19 | 1900 |
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 mortgage
Counts from Companies House filing history.
Corporate timeline (38 events)Click to expand
- 2025-12-05📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-12-04🔒Charge registered #9Lender: Ifni -Debt LP
- 2025-09-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-08-28📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-08-27📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-08-27📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-08-27🔓Charge satisfied #4
- 2025-08-27🔓Charge satisfied #3
- 2025-08-20🔒Charge registered #8Lender: The Governor and Company of the Bank of Ireland
- 2025-06-06📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2025-01-14📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-01-13🔒Charge registered #7Lender: Growth Finance Fund General Partner Limited in Its Capacity as General Partner for and on Behalf of Growth Finance Fund LP
- 2024-09-23📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-03-01📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-03-01📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-02-27🔒Charge registered #6Lender: Growth Finance Fund General Partner Limited in Its Capacity as General Partner for and on Behalf of Growth Finance Fund LP
- 2024-02-27🔒Charge registered #5Lender: Growth Finance Fund General Partner Limited in Its Capacity as General Partner for and on Behalf of Growth Finance Fund LP
- 2023-10-18📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-10-16🔒Charge registered #4Lender: Hsbc UK Bank PLC
- 2023-10-09📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-10-04📄memorandum-articlesincorporation · MA
- 2022-10-04📄resolutionresolution · RESOLUTIONS
- 2022-10-04📄capital-name-of-class-of-sharescapital · SH08
- 2022-10-03📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-09-29📄capital-allotment-sharescapital · SH01
- 2021-11-17📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2021-11-08🔒Charge registered #3Lender: Hsbc UK Bank PLC
- 2021-06-10📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-08-12📄appoint-person-director-company-with-name-dateofficers · AP01
- 2020-06-01➕ACHESON, Pamela appointeddirector
- 2020-06-01➕COOKE, Gerard appointeddirector
- 2019-11-15🔒Charge registered #2Lender: Growth Finance Fund General Partner Limited
- 2019-11-15🔒Charge registered #1Lender: Growth Finance Fund General Partner Limited
- 2017-06-01➕ACHESON, Alfred Raymond appointeddirector
- 2017-06-01➕MCSTAY, Daniel, Dr appointeddirector
- 2016-05-26🏢Company incorporatedAs INOV8 SYSTEMS LIMITED
- 2016-05-26➕THABETH, Khalid appointeddirector
- 2016-05-26➕THABETH, Patricia Frances 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
- -6 active directors: Broader management team in place — suggests transferable governance.
- +Founder age: Director aged approximately 75 — succession pressure is live.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
60/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 75 years old. Natural succession window is now.
Red flags
1 med · 1 lowCharge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
7 live charges
lowHeavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Khalid Thabeth Individual · British · DOB 11/1962 · age 64 | 25–50% | 25–50% | board control25-50% shares · 25-50% voting · board control | 26/05/2016 |
Mrs Patricia Frances Thabeth Individual · British · DOB 07/1964 · age 62 | 25–50% | 25–50% | board control25-50% shares · 25-50% voting · board control | 26/05/2016 |
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
Active · Manufacturing · BT postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| GORTREAGH PRINTING LIMITED→ NI651951 · est 2018 · no financials extracted | — | — | — | — | 8y | — | — |
| GRAFIQUE LIMITED→ NI720303 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| HUTCHINSON GROUP HOLDINGS (NI) LTD→ NI624624 · est 2014 · no financials extracted | — | — | — | — | 11y | — | — |
| HYDROGEN GREEN POWER LTD→ NI647471 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| IAN NEWELL BOAT BUILDING & REPAIR LIMITED→ NI049149 · est 2003 · no financials extracted | — | — | — | — | 22y | — | — |
| IMRIE ENGINEERING LTD→ NI046464 · est 2003 · no financials extracted | — | — | — | — | 22y | — | — |
| INNOVATION TECHNOLOGIES (IRELAND) LTD→ NI033526 · est 1998 · no financials extracted | — | — | — | — | 28y | — | — |
| INNOVATIVE CONTAINER SOLUTIONS LTD→ NI725346 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| INSPIRE FLAVOURS LTD→ NI641649 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| INTEGRASPEC TRADING LIMITED→ NI603503 · est 2010 · no financials extracted | — | — | — | — | 15y | — | — |
| INTEGRATED TIMBER SOLUTIONS LIMITED→ NI057896 · est 2006 · no financials extracted | — | — | — | — | 20y | — | — |
| IRISH ROAD MOTORS LIMITED→ R0000336 · est 1920 · no financials extracted | — | — | — | — | 105y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
9 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
Incorporated2016-05-26
Jurisdictionnorthern-ireland
Primary SIC26512 — SIC 26512
Registered office
6 Edgewater Road
Belfast
BT3 9JQ
Northern Ireland
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-06-08
Last: 2025-05-25
Officers (6 active · 0 resigned)
ACHESON, Alfred Raymond→
Activedirector · ~75y · appointed 2017-06-01
View their other companies + combined net worth →
ACHESON, Pamela→
Activedirector · ~74y · appointed 2020-06-01
View their other companies + combined net worth →
COOKE, Gerard→
Activedirector · ~60y · appointed 2020-06-01
View their other companies + combined net worth →
MCSTAY, Daniel, Dr→
Activedirector · ~64y · appointed 2017-06-01
View their other companies + combined net worth →
THABETH, Khalid→
Activedirector · ~64y · appointed 2016-05-26
View their other companies + combined net worth →
THABETH, Patricia Frances→
Activedirector · ~62y · appointed 2016-05-26
View their other companies + combined net worth →
Click a director name to see their full track record across all companies.
Mortgages & charges
9
Total charges
7
Outstanding
4
Active lenders
Status:Lender:9 of 9 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Ifni -Debt LP | A registered charge | — | 04/12/2025 | — | |
| outstanding | The Governor and Company of the Bank of Ireland | A registered charge | 1 property | 20/08/2025 | — | |
| outstanding | Growth Finance Fund General Partner in Its Capacity as General Partner for and on Behalf of Growth Finance Fund LP Growth Finance Fund General Partner Limited in Its Capacity as General Partner for and on Behalf of Growth Finance Fund LP | A registered charge | — | 13/01/2025 | — | |
| outstanding | Growth Finance Fund General Partner in Its Capacity as General Partner for and on Behalf of Growth Finance Fund LP Growth Finance Fund General Partner Limited in Its Capacity as General Partner for and on Behalf of Growth Finance Fund LP | A registered charge | — | 27/02/2024 | — | |
| outstanding | Growth Finance Fund General Partner in Its Capacity as General Partner for and on Behalf of Growth Finance Fund LP Growth Finance Fund General Partner Limited in Its Capacity as General Partner for and on Behalf of Growth Finance Fund LP | A registered charge | — | 27/02/2024 | — | |
| satisfied | HSBC Hsbc UK Bank PLC | A registered charge | 1 property | 16/10/2023 | 27/08/2025 | |
| satisfied | HSBC Hsbc UK Bank PLC | A registered charge | 1 property | 08/11/2021 | 27/08/2025 | |
| outstanding | Growth Finance Fund General Partner / Growth Finance Fund LP Growth Finance Fund General Partner Limited / Growth Finance Fund LP | A registered charge | — | 15/11/2019 | — | |
| outstanding | Growth Finance Fund General Partner / Growth Finance Fund LP Growth Finance Fund General Partner Limited / Growth Finance Fund LP | A registered charge | — | 15/11/2019 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (46 total)
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-12-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-29
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-08-28
mortgage-satisfy-charge-full
mortgage · MR04
2025-08-27
mortgage-satisfy-charge-full
mortgage · MR04
2025-08-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-06
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2025-06-06
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-01-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-06-07
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-03-01
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-03-01
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-10-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-10-09
confirmation-statement-with-updates
confirmation-statement · CS01
2023-06-08