EXORDIA SOFTWARE LIMITED
💤Zombieactive
SC184272 · ltd · incorporated 1998-03-26
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 Aug 2024
Net worth
£-105.2k
book net assets
Opportunity
75/100
Strong
What this business does
Primary activity: Business and domestic software development
Sector: Information & communication
Investor take
Pass (distressed without resilience)Distressed active trading company — structural issues outweigh the discount.
Opportunity 75/100 (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: Discharge stale live charges. 2 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: strategic trade sale (65/100).
🏦
Refinance opportunity
2 live charges · 2 lenders · oldest 27.7y
30/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 27.7 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (77/100)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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
8 officers (2 active, 8 linked, 5 with DOB)
83
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
80 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
75/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
55
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 105 (micro)Negative net assets
Liabilities exceed assets by £105,176
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
-£105k
↓ 4.5% YoY
Current Assets
£38k
↓ 5.5% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 105 (micro)| Metric | 2024-08-31 | 2023-08-31 |
|---|---|---|
| Total assets | £-105.2k | £36.2k |
| Current assets | £38.0k | £40.2k |
| Net assets | £-105.2k | £-100.6k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
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
Last 30 days
1
filing
- • 1 confirmation-statement
Last 90 days
1
filing
- • 1 confirmation-statement
Last 180 days
1
filing
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (32 events)Click to expand
- 2025-05-21📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-08-29📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-05-20📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2024-05-20📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-05-20📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2024-05-20📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-05-20📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2024-05-09➕BAIN, Susan Elizabeth appointedsecretary
- 2024-05-09➕BAIN, Susan Elizabeth appointeddirector
- 2024-05-09➖GILLINGHAM, Ian resignedsecretary
- 2024-05-09➖GILLINGHAM, Ian resigneddirector
- 2023-05-18📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-05-27📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-04-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-05-20📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-05-21📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2018-06-01📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2017-05-31📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2016-05-31📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2016-04-15➖BAIN, Susan Elizabeth resigneddirector
- 2007-03-16➕BAIN, Susan Elizabeth appointeddirector
- 2007-03-16➖SHANKLAND, John Angus Marlowe resigneddirector
- 1998-11-30🔒Charge registered #2Lender: South Ayrshire Council
- 1998-08-10🔒Charge registered #1Lender: The Governor and Company of the Bank of Scotland
- 1998-03-26🏢Company incorporatedAs EXORDIA SOFTWARE LIMITED
- 1998-03-26➕GILLINGHAM, Ian appointedsecretary
- 1998-03-26➕REID, Brian appointednominee-secretary
- 1998-03-26➖REID, Brian resignednominee-secretary
- 1998-03-26➕GILLINGHAM, Ian appointeddirector
- 1998-03-26➕MABBOTT, Stephen appointednominee-director
- 1998-03-26➖MABBOTT, Stephen resignednominee-director
- 1998-03-26➕SHANKLAND, John Angus Marlowe appointeddirector
Owner dependency
75/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Sole director: Only one active director — all governance concentrated on one person.
Succession & seller-readiness
45/100
Moderate signalSome succession indicators present. Worth watching; approach if sector/strategy fits.
SIGNALS
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
Red flags
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Shareholders & ownership
1 active beneficial owner| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mrs Susan Elizabeth Bain Individual · British · DOB 10/1974 · age 52 | 25–50% | — | 25-50% shares | 06/04/2016 |
1 historic (ceased) PSC
- Mr Ian Gillinghamceased 09/05/2024· 50-75% shares
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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| FULFILMENT PICTURES LTD→ SC652084 · est 2020 · no financials extracted | — | — | — | — | 6y | — | — |
| FUTURE CONNECTED FIBRE LTD→ SC807146 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
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| GARNOCK VALLEY MUSIC NETWORK CIC→ SC822488 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| GECO CONNECT LTD→ SC875028 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
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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
Incorporated1998-03-26
Jurisdictionscotland
Primary SIC62012 — Business and domestic software development
Registered office
4 Merkland Road
Ayr
Ayrshire
KA7 4UQ
Filing status
Accounts
Next due: 2026-05-31
Last made up to: 2024-08-31
Confirmation statement
Next due: 2027-04-09
Last: 2026-03-26
Officers (2 active · 6 resigned)
BAIN, Susan Elizabeth→
Activesecretary · appointed 2024-05-09
View their other companies + combined net worth →
BAIN, Susan Elizabeth→
Activedirector · ~52y · appointed 2024-05-09
View their other companies + combined net worth →
GILLINGHAM, Ian→
Resignedsecretary · appointed 1998-03-26 · resigned 2024-05-09
REID, Brian→
Resignednominee-secretary · appointed 1998-03-26 · resigned 1998-03-26
BAIN, Susan Elizabeth→
Resigneddirector · ~52y · appointed 2007-03-16 · resigned 2016-04-15
GILLINGHAM, Ian→
Resigneddirector · ~79y · appointed 1998-03-26 · resigned 2024-05-09
MABBOTT, Stephen→
Resignednominee-director · ~76y · appointed 1998-03-26 · resigned 1998-03-26
SHANKLAND, John Angus Marlowe→
Resigneddirector · ~82y · appointed 1998-03-26 · resigned 2007-03-16
Click a director name to see their full track record across all companies.
Mortgages & charges
2
Total charges
2
Outstanding
2
Active lenders
Status:Lender:2 of 2 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | South Ayrshire Council | Floating charge | 1 property | 30/11/1998 | — | |
| outstanding | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Floating charge | 1 property | 10/08/1998 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (80 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-04-09
accounts-with-accounts-type-micro-entity
accounts · AA
2025-05-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-08
accounts-with-accounts-type-micro-entity
accounts · AA
2024-08-29
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-05-20
termination-director-company-with-name-termination-date
officers · TM01
2024-05-20
termination-secretary-company-with-name-termination-date
officers · TM02
2024-05-20
appoint-person-director-company-with-name-date
officers · AP01
2024-05-20
appoint-person-secretary-company-with-name-date
officers · AP03
2024-05-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-02
accounts-with-accounts-type-micro-entity
accounts · AA
2023-05-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-04-02
accounts-with-accounts-type-micro-entity
accounts · AA
2022-05-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-04-06
accounts-with-accounts-type-micro-entity
accounts · AA
2021-04-30