TASK COMPUTER LOGIC LIMITED

💤Zombieactive
SC116862 · ltd · incorporated 1989-03-16
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
77/100
Strong
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What this business does
Primary activity: Other information technology service activities
Sector: Information & communication
Investor take
Pursue
Active trading company with a 61-year-old founder — textbook succession opportunity.

Opportunity 77/100 (strong), bankability 85/100. Strong seller-intent signal (65/100, director aged 61). 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).

🏦

Refinance opportunity

5 live charges · 2 lenders · oldest 35.8y

30/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 35.8 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (79/100)

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
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
5 charges (5/5 with lender, 5/5 with type)
90
Directors & officers
6 officers (2 active, 6 linked, 3 with DOB)
80
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
105 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
77/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0Mar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-03-312024-03-31
Average employees500500

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

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (33 events)Click to expand
  1. 2025-09-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-11-13
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  3. 2023-12-13
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  4. 2022-12-05
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  5. 2022-01-11
    📄
    capital-cancellation-shares
    capital · SH06
  6. 2022-01-11
    📄
    capital-return-purchase-own-shares
    capital · SH03
  7. 2021-12-03
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  8. 2021-12-03
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  9. 2021-11-30
    ➖
    OSBORNE, Shona Mary resigned
    director
  10. 2021-11-24
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  11. 2021-05-14
    ➕
    GILLESPIE, Vicky appointed
    secretary
  12. 2021-05-14
    ➖
    OSBORNE, Shona Mary resigned
    secretary
  13. 2021-05-14
    📄
    appoint-person-secretary-company-with-name-date
    officers · AP03
  14. 2021-05-14
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  15. 2020-08-31
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  16. 2019-11-22
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  17. 2018-10-12
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  18. 2017-08-28
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  19. 2016-11-02
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  20. 2009-07-15
    🔓
    Charge satisfied #2
  21. 2008-10-16
    🔓
    Charge satisfied #6
  22. 2008-10-16
    🔓
    Charge satisfied #4
  23. 2005-02-22
    ➖
    MILLER, David resigned
    director
  24. 1994-03-30
    🔒
    Charge registered #6
    Lender: The Royal Bank of Scotland PLC
  25. 1992-08-21
    🔓
    Charge satisfied #3
  26. 1992-07-20
    ➖
    FRASER, William Thomson resigned
    secretary
  27. 1992-07-20
    ➕
    OSBORNE, Shona Mary appointed
    secretary
  28. 1992-04-14
    🔓
    Charge satisfied #1
  29. 1992-03-25
    🔒
    Charge registered #4
    Lender: The Royal Bank of Scotland PLC
  30. 1992-03-25
    🔒
    Charge registered #3
    Lender: The Royal Bank of Scotland PLC
  31. 1992-03-25
    🔒
    Charge registered #2
    Lender: The Royal Bank of Scotland PLC
  32. 1990-08-01
    🔒
    Charge registered #1
    Lender: Clydesdale Bank Public Limited Company
  33. 1989-03-16
    🏢
    Company incorporated
    As TASK COMPUTER LOGIC LIMITED

Owner dependency

83/100
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.
  • +Senior director age: Director aged approximately 61 — approaching natural succession window.

Succession & seller-readiness

65/100
Strong succession signal

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

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 61. Early succession window.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondaryStable-but-static management: Company is 37 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

1 med ·
Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr Martin Alexander Gillespie
Individual · United Kingdom · DOB 01/1965 · age 61
50–75%
—50-75% shares06/04/2016
1 historic (ceased) PSC
  • Mrs Shona Mary Osborneceased 30/11/2021· 25-50% shares

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 →

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———417y8372y
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——£1.9k—40y8363y
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————21y8365y
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————30y8379y
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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
Incorporated1989-03-16
Jurisdictionscotland
Primary SIC62090 — Other information technology service activities

Registered office

Glenmore House Summer Place
Dyce
Aberdeen
AB21 7EJ

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-08-08
Last: 2025-07-25

Officers (2 active · 4 resigned)

GILLESPIE, Vicky→
secretary · appointed 2021-05-14
View their other companies + combined net worth →
Active
GILLESPIE, Martin Alexander→
director · ~61y
View their other companies + combined net worth →
Active
FRASER, William Thomson→
secretary · resigned 1992-07-20
Resigned
OSBORNE, Shona Mary→
secretary · appointed 1992-07-20 · resigned 2021-05-14
Resigned
MILLER, David→
director · ~68y · resigned 2005-02-22
Resigned
OSBORNE, Shona Mary→
director · ~65y · resigned 2021-11-30
Resigned

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

Mortgages & charges

5
Total charges
0
Outstanding
0
Active lenders
Status:Lender:5 of 5 shown
TypeProperties
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security2 properties30/03/199416/10/2008
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security2 properties25/03/199216/10/2008
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property25/03/199221/08/1992
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Floating charge1 property25/03/199215/07/2009
satisfied
Virgin Money
Clydesdale Bank Public Limited Company
Floating charge1 property01/08/199014/04/1992

Recent filings (105 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-08-07
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-11-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-26
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-12-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-07-27
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-12-05
confirmation-statement-with-updates
confirmation-statement · CS01
2022-07-26
capital-cancellation-shares
capital · SH06
2022-01-11
capital-return-purchase-own-shares
capital · SH03
2022-01-11
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2021-12-03
termination-director-company-with-name-termination-date
officers · TM01
2021-12-03
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-11-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-07-26
appoint-person-secretary-company-with-name-date
officers · AP03
2021-05-14