KORALA ASSOCIATES LIMITED

🌳Matureactive

SC119617 · ltd · incorporated 1989-08-18

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

approaching window · 12-months

Approaching a transaction window — refinance or sale event plausible in the next 12 months.

· Oldest live charge 33.5y old — refinance window within 12 months

🔒Estimated value

—

Upgrade to see

Turnover

—

not disclosed

Net worth

—

book net assets

Opportunity

71/100

Strong

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What this business does

Primary activity: Information technology consultancy activities

Sector: Information & communication

Investor take

Pass (distressed without resilience)

Distressed active trading company — structural issues outweigh the discount.

Opportunity 71/100 (strong), bankability 85/100. Strong seller-intent signal (73/100, director aged 79). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: 1 insolvency-related filing on record. Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding. Most likely exit: strategic trade sale (73/100).

🏦

Refinance opportunity

6 live charges · 2 lenders · oldest 33.5y

70/100

ready

Refinance conversation should be productive — structure clean and timing right.

· Oldest live charge is 33.5 years old — likely at or near maturity.
· Two lenders — manageable, but coordination required.
· Legal-friction score 20/100 — clean.

Data confidence

Overall: medium (59/100)

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

No iXBRL financials extracted

Lenders & charges

6 charges (6/6 with lender, 6/6 with type)

Directors & officers

19 officers (5 active, 19 linked, 15 with DOB)

Ownership & PSC

1 active PSC(s) of 1 total, 1 with control declared

Director network

7 connected companies via shared directors

Filing history

225 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

71/100Strong

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.

Recent activity

Last 30 days

filings

Last 90 days

filings

• 2 capital
• 1 insolvency
• 1 resolution

Last 180 days

filings

• 2 capital
• 1 insolvency
• 1 resolution

Counts from Companies House filing history.

Corporate timeline (65 events)Click to expand

2026-04-21
📄
capital-statement-capital-company-with-date-currency-figure
capital · SH19
2026-04-21
📄
legacy
capital · SH20
2026-04-21
⚠️
legacy
insolvency · CAP-SS
2026-04-21
📄
resolution
resolution · RESOLUTIONS
2026-02-26
📄
accounts-with-accounts-type-group
accounts · AA
2025-09-18
📄
capital-variation-of-rights-attached-to-shares
capital · SH10
2025-09-05
📄
capital-variation-of-rights-attached-to-shares
capital · SH10
2025-09-04
📄
capital-name-of-class-of-shares
capital · SH08
2025-09-04
📄
change-person-director-company-with-change-date
officers · CH01
2025-09-04
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-06-25
📄
resolution
resolution · RESOLUTIONS
2025-06-24
📄
memorandum-articles
incorporation · MA
2025-06-13
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-05-30
➕
DOVE, David appointed
director
2025-05-15
📄
accounts-with-accounts-type-group
accounts · AA
2024-08-28
📄
legacy
accounts · PARENT_ACC
2024-08-05
📄
capital-allotment-shares
capital · SH01
2024-08-02
📄
notice-restriction-on-company-articles
change-of-constitution · CC01
2024-08-01
📄
memorandum-articles
incorporation · MA
2024-08-01
📄
resolution
resolution · RESOLUTIONS
2024-04-03
📄
accounts-with-accounts-type-group
accounts · AA
2023-06-21
📄
accounts-with-accounts-type-group
accounts · AA
2020-08-28
🔓
Charge satisfied #4
2020-04-23
➕
LOGAN, Cameron Reid appointed
director
2020-04-23
➕
MCKIBBIN, Margaret Aislinn appointed
director
2020-02-22
🔓
Charge satisfied #5
2020-02-22
🔓
Charge satisfied #6
2020-02-22
🔓
Charge satisfied #3
2020-02-22
🔓
Charge satisfied #2
2020-01-30
➖
BAKER, David Charles resigned
director
2020-01-30
➖
DENIS, Michel resigned
director
2020-01-30
➖
FEIK, Ulrich Oskar resigned
director
2020-01-30
➖
HENSLEY, Stephen Dale resigned
director
2020-01-30
➖
MCKIBBIN, Margaret Aislinn resigned
director
2020-01-30
➖
MEURK-HARVEY, Karin Fransiska Sook resigned
director
2020-01-30
➖
SANDS, Graeme James resigned
director
2017-06-06
🔒
Charge registered #5
Lender: Hsbc Bank PLC
2017-05-29
🔒
Charge registered #6
Lender: Hsbc Bank PLC
2017-05-29
🔒
Charge registered #4
Lender: Hsbc Bank PLC
2017-05-29
🔒
Charge registered #3
Lender: Hsbc Bank PLC
2016-12-08
➕
BRODIES SECRETARIAL SERVICES LIMITED appointed
corporate-secretary
2016-12-08
➖
PINSENT MASONS SECRETARIAL LIMITED resigned
corporate-secretary
2015-12-31
➖
ROBERTS, Malcolm John resigned
director
2014-12-03
➕
FEIK, Ulrich Oskar appointed
director
2014-10-14
➕
BAKER, David Charles appointed
director
2014-10-14
➕
MCKIBBIN, Margaret Aislinn appointed
director
2014-10-14
➕
MEURK-HARVEY, Karin Fransiska Sook appointed
director
2014-07-07
➖
KIRWAN, Francis Xavier resigned
director
2011-10-05
🔓
Charge satisfied #1
2010-11-05
🔒
Charge registered #2
Lender: Hsbc Bank PLC

Showing most recent 50 of 65 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 79 — succession pressure is live.

Succession & seller-readiness

60/100

Strong succession signal

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

SIGNALS

primaryFounder aged 70+: Senior director is approximately 79 years old. Natural succession window is now.

Red flags

1 high · 1 med ·

1 insolvency-related filing on record

high

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

Evidence: 2026-04-21: legacy

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 · dominant holder ≥75%

Name	Shares	Voting rights	Nature of control	Notified
Dr Aravinda Satyajit Athukorala Individual · French · DOB 06/1958 · age 68	75–100%	75–100%	board control75-100% shares · 75-100% voting · board control	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.

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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.

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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

Incorporated1989-08-18

Jurisdictionscotland

Primary SIC62020 — Information technology consultancy activities

Registered office

5 Logie Mill

Beaverbank Business Park

Edinburgh

EH7 4HG

United Kingdom

Filing status

Accounts

Next due: 2027-03-31

Last made up to: 2025-06-30

Confirmation statement

Next due: 2027-02-02

Last: 2026-01-19