COMPUTER APPLICATION SERVICES LIMITED

🌳Matureactive

SC102278 · ltd · incorporated 1986-12-12

Investment thesis

Well-run mature business — low negotiation leverage; premium likely.

Why interesting: Textbook target; clean filings, stable trading.

Why risky: No pressure on seller; any deal likely at full price.

Opportunity decay

hardening · 12-months

Already tight — no obvious softening catalysts on the horizon.

· Thesis: well-run, low negotiation leverage

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Mar 2025

Net worth

£337.4k

book net assets

Opportunity

74/100

Strong

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What this business does

Primary activity: Business and domestic software development

Sector: Information & communication

ALSO REGISTERED FOR

62020Information technology consultancy activities

Investor take

Special-situation opportunity

Distressed technology with salvageable qualities — special-situations priority.

Opportunity 74/100 (strong), bankability 67/100. Strong seller-intent signal (63/100, director aged 68). Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: strategic trade sale (73/100).

🏦

Refinance opportunity

3 live charges · 3 lenders · oldest 28.7y

35/100

too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

· Oldest live charge is 28.7 years old — likely at or near maturity.
· 3 lenders named — inter-creditor friction likely.
· Legal-friction score 30/100 — workable, but lender will want more DD.

Data confidence

Overall: high (80/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile

address, 2 SIC codes, incorporation date

100

Financials

2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed

Lenders & charges

3 charges (3/3 with lender, 3/3 with type)

Directors & officers

20 officers (5 active, 20 linked, 16 with DOB)

Ownership & PSC

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

Director network

4 connected companies via shared directors

Filing history

175 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

74/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Some moderate concerns — review flags.

Signal strength

100

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared

Positive net assets

Net assets £337,386

Cash YoY

+30%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£307k

↑ 30% YoY

Net Worth

£337k

↑ 295% YoY

Current Assets

—

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2025-03-31	2024-03-31
Cash	£306.8k	£236.0k
Net assets	£337.4k	£85.4k

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

filings

Last 180 days

filings

Counts from Companies House filing history.

Corporate timeline (57 events)Click to expand

2025-10-10
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-10-10
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-08-06
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-08-01
➕
QUINN, Charles William appointed
director
2025-06-30
➖
RITCHIE, Ian Cleland resigned
director
2025-01-30
📄
resolution
resolution · RESOLUTIONS
2025-01-30
📄
memorandum-articles
incorporation · MA
2025-01-29
📄
capital-allotment-shares
capital · SH01
2024-11-18
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-11-27
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-08-23
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2023-06-30
📄
memorandum-articles
incorporation · MA
2023-06-29
📄
capital-statement-capital-company-with-date-currency-figure
capital · SH19
2023-06-29
📄
legacy
capital · SH20
2023-06-29
📄
legacy
capital · SH20
2023-06-29
📄
legacy
capital · SH20
2023-06-29
📄
legacy
capital · SH20
2023-06-29
📄
capital-name-of-class-of-shares
capital · SH08
2023-06-29
📄
capital-alter-shares-subdivision
capital · SH02
2023-06-29
⚠️
legacy
insolvency · CAP-SS
2023-06-29
⚠️
legacy
insolvency · CAP-SS
2023-06-29
⚠️
legacy
insolvency · CAP-SS
2023-06-29
⚠️
legacy
insolvency · CAP-SS
2023-06-29
📄
resolution
resolution · RESOLUTIONS
2020-11-13
🔒
Charge registered #3
Lender: Santander UK PLC
2019-10-01
➕
MACLACHLAN, Irma Maria appointed
director
2016-07-21
🔒
Charge registered #2
Lender: Capital for Colleagues PLC
2014-01-16
➕
ELLIS, Christian James appointed
director
2013-12-17
➖
WILSON, Adrienne Gray resigned
director
2013-10-16
➕
NAISMITH, Kenneth appointed
director
2013-10-16
➖
WELLS, David Haines resigned
director
2007-10-23
➖
SMALL, John Rankin, Professor resigned
director
2007-10-23
➕
WILSON, Adrienne Gray appointed
director
2006-04-07
🔓
Charge satisfied #1
2005-12-16
➕
RITCHIE, Ian Cleland appointed
director
2005-10-27
➖
HAY, Alastair James resigned
director
1997-08-27
🔒
Charge registered #1
Lender: The Royal Bank of Scotland PLC
1997-05-16
➕
LAXTON, Simon Peter John appointed
secretary
1997-05-16
➕
HAY, Alastair James appointed
director
1997-05-16
➕
SMALL, John Rankin, Professor appointed
director
1997-05-16
➕
WELLS, David Haines appointed
director
1997-05-15
➖
MURRAY, David Beattie resigned
secretary
1997-05-15
➖
SMALL, John Rankin, Professor resigned
director
1997-05-15
➖
WILSON, Peter Liddell, Dr resigned
director
1991-12-20
➖
DALTON, Ian George resigned
director
1991-12-20
➖
ROSS, Ian Grant resigned
director
1991-12-20
➕
SMALL, John Rankin, Professor appointed
director
1991-12-20
➕
WILSON, Peter Liddell, Dr appointed
director
1991-09-30
➖
LAING, Ian James resigned
secretary
1991-09-30
➕
MURRAY, David Beattie appointed
secretary

Showing most recent 50 of 57 events

Owner dependency

55/100

Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS

-4 active directors: Broader management team in place — suggests transferable governance.
+Founder age: Director aged approximately 68 — succession pressure is live.

Succession & seller-readiness

63/100

Strong succession signal

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

SIGNALS

primaryFounder aged 63+: Senior director is approximately 68. Approaching typical UK retirement age — succession thinking likely.
secondary12+ year tenure: Director in role 13 years.
supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

1 high ·

4 insolvency-related filings on record

high

Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.

Evidence: 2023-06-29: legacy; 2023-06-29: legacy

Group structure

Capital For Colleagues Plc holds 25-50% — a significant corporate investor but not a controlling parent.

🏛️

Capital For Colleagues Plc

Corporate parent · holds 25-50% shares

significant stake

⬇

COMPUTER APPLICATION SERVICES LIMITED

This company · SC102278

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

2 active beneficial owners

Name	Shares	Voting rights	Nature of control	Notified
Capital For Colleagues Plc Corporate entity	25–50%	25–50%	25-50% shares · 25-50% voting	30/06/2023
Mr Kenneth Naismith Individual · British · DOB 10/1958 · age 68	25–50%	—	25-50% shares	06/04/2016

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 · Technology · EH postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
CURRENT HEALTH LIMITED→ SC481544 · est 2014 · no financials extracted	—	—	—	—	11y	—	—
DCODED LIMITED→ SC232523 · est 2002 · no financials extracted	—	—	—	—	23y	—	—
DEBASERS FILUMS LIMITED→ SC424324 · est 2012 · no financials extracted	—	—	—	—	13y	—	—
DEPARTMENT-E LTD→ SC329122 · est 2007 · no financials extracted	—	—	—	—	18y	—	—
DERE-STREET SERVICES LTD→ SC625633 · est 2019 · no financials extracted	—	—	—	—	7y	—	—
DEVNACK LTD→ SC737354 · est 2022 · no financials extracted	—	—	—	—	3y	—	—
DIABETES BY DESIGN LIMITED→ SC686552 · est 2021 · no financials extracted	—	—	—	—	5y	—	—
DIALEXY LTD→ SC465865 · est 2013 · no financials extracted	—	—	—	—	12y	—	—
DIGITAL BOUTIQUE LTD→ SC372724 · est 2010 · no financials extracted	—	—	—	—	16y	—	—
DIGITAL EDGE SOLUTIONS LTD→ SC519490 · est 2015 · no financials extracted	—	—	—	—	10y	—	—
DIGITAL EDINBURGH SERVICE LTD→ SC662062 · est 2020 · no financials extracted	—	—	—	—	5y	—	—
DIGITAL ESSENTIALS SERVICES LTD→ SC811874 · est 2024 · no financials extracted	—	—	—	—	1y	—	—

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

Incorporated1986-12-12

Jurisdictionscotland

Primary SIC62012 — Business and domestic software development

Registered office

3/2 Quantum Court

Heriot-Watt Research Park South

Edinburgh

Midlothian

EH14 4AP

Scotland

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-31

Confirmation statement

Next due: 2026-09-04

Last: 2025-08-21