R.A.Y (N.I.) LTD
Opportunity 76/100 (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: share sale to pe / searcher (73/100).
Data confidence
Overall: medium (78/100)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.
Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-08-31 | 2024-08-31 |
|---|---|---|
| Average employees | 2 | 300 |
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
- • 1 accounts
- • 1 capital
- • 1 accounts
- • 1 capital
- • 1 accounts
- • 1 capital
Corporate timeline (9 events)Click to expand
- 2026-05-19📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2026-05-15📄capital-allotment-sharescapital · SH01
- 2025-04-24📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-03-05📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-01-19📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-02-21📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-08-06🏢Company incorporatedAs R.A.Y (N.I.) LTD
- 2020-08-06➕MCCULLAGH, Thomas Martin appointeddirector
- 2020-08-06📄incorporation-companyincorporation · NEWINC
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Sole director: Only one active director — all governance concentrated on one person.
- +Senior director age: Director aged approximately 64 — approaching natural succession window.
- +No director turnover: Company is 6 years old with no director changes — suggests a very tight-knit founder team never broadened.
Succession & seller-readiness
Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.
- primaryFounder aged 63+: Senior director is approximately 64. Approaching typical UK retirement age — succession thinking likely.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
Red flags
cleanShareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Thomas Martin Mccullagh Individual · British · DOB 08/1962 · age 64 | 75–100% | 75–100% | 75-100% shares · 75-100% voting | 06/08/2020 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Similar companies
Active · Technology · BT postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| WELLINGTON COMPUTER SYSTEMS LIMITED→ NI016424 · est 1983 | £21.35M £15.25M–£27.46M | £10.31M | — | 5800 | 43y | 84 | 62y |
| BARCLAY DIGITAL SERVICES LTD→ NI624500 · est 2014 | £18.34M £13.10M–£23.57M | — | — | 74 | 12y | 83 | 59y |
| CATALYSTPAY LIMITED→ NI664786 · est 2019 | — | — | — | 0 | 6y | 87 | 41y |
| ALMAC CLINICAL TECHNOLOGIES LIMITED→ NI061202 · est 2006 · no financials extracted | — | — | — | — | 19y | 83 | 68y |
| BEHOLD THE LAMB LTD→ NI604077 · est 2010 | — | — | £185.1k | — | 15y | 83 | 65y |
| BIG MOUNTAIN PRODUCTIONS LIMITED→ NI053459 · est 2005 | — | — | — | 300 | 21y | 83 | 63y |
| BIZTECH SOFTWARE (NI) LTD→ NI064868 · est 2007 · no financials extracted | — | — | — | — | 19y | 83 | 62y |
| CEFA-SOFT LIMITED→ NI016111 · est 1982 | — | — | £206.7k | — | 43y | 83 | 64y |
| 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 |
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 →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 (1 active · 0 resigned)
Click a director name to see their full track record across all companies.