E-MAX SYSTEMS LIMITED

🌳Matureactive

SC189614 · ltd · incorporated 1998-09-22

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 25.7y old — refinance window within 12 months

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Dec 2024

Net worth

£290.8k

book net assets

Opportunity

83/100

Exceptional

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What this business does

Primary activity: Business and domestic software development

Sector: Information & communication

Investor take

Pursue

Active trading company with a 76-year-old founder — textbook succession opportunity.

Opportunity 83/100 (exceptional), bankability 80/100. Strong seller-intent signal (63/100, director aged 76). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 1 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: strategic trade sale (73/100).

🏦

Refinance opportunity

1 live charge · oldest 25.7y

65/100

clean up first

Refinance viable after a tidy-up — address the highlighted items first.

· Oldest live charge is 25.7 years old — likely at or near maturity.
· Single lender — cleanest path to refinance.
· Legal-friction score 25/100 — workable, but lender will want more DD.

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

Lenders & charges

1 charges (1/1 with lender, 1/1 with type)

Directors & officers

13 officers (5 active, 13 linked, 10 with DOB)

Ownership & PSC

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

Director network

1 connected companies via shared directors

Filing history

88 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

83/100Exceptional

PassWatchWorth a lookStrongExceptional

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red 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 £290,814

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

£291k

~ YoY

Current Assets

£658k

↑ 29% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2024-12-31	2023-12-31
Total assets	£418.6k	£288.5k
Current assets	£658.5k	£510.3k
Net assets	£290.8k	£288.5k

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

Recent activity

Last 30 days

filings

Last 90 days

filings

Last 180 days

filing

• 1 accounts

Counts from Companies House filing history.

Corporate timeline (41 events)Click to expand

2025-12-31
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2025-08-19
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-10-29
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2024-02-16
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-12-13
📄
change-person-director-company-with-change-date
officers · CH01
2023-10-24
📄
appoint-person-director-company-with-name-date
officers · AP01
2023-10-24
📄
termination-director-company-with-name-termination-date
officers · TM01
2023-10-24
📄
termination-director-company-with-name-termination-date
officers · TM01
2023-10-18
➕
KERR, Carolyn Jane Catherine appointed
director
2023-10-18
➖
MCGLADDERY, Nick resigned
director
2023-10-18
➖
STEVENSON, Jon resigned
director
2022-08-31
📄
resolution
resolution · RESOLUTIONS
2022-08-31
📄
memorandum-articles
incorporation · MA
2022-08-25
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-04-14
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-02-03
📄
appoint-person-director-company-with-name-date
officers · AP01
2022-02-03
📄
appoint-person-director-company-with-name-date
officers · AP01
2022-02-03
📄
appoint-person-director-company-with-name-date
officers · AP01
2022-02-01
➕
WALKER, Fraser appointed
director
2022-02-01
➕
MCGLADDERY, Nick appointed
director
2022-02-01
➕
STEVENSON, Jon appointed
director
2021-12-03
➖
JOHNSTON, Robert resigned
director
2021-12-03
📄
termination-director-company-with-name-termination-date
officers · TM01
2021-09-03
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-03-23
➖
PRITCHARD, Jason resigned
director
2021-03-23
📄
termination-director-company-with-name-termination-date
officers · TM01
2019-09-18
➖
BADAK, Zeynel resigned
director
2019-02-08
➕
PRITCHARD, Jason appointed
director
2015-04-06
➕
BADAK, Zeynel appointed
director
2014-04-07
➕
JOHNSTON, Robert appointed
director
2011-09-22
➖
PRENTICE, James Graham resigned
director
2004-01-01
➕
PRENTICE, James Graham appointed
director
2000-09-19
🔒
Charge registered #1
Lender: The Governor and Company of the Bank of Scotland
1999-11-21
➕
FAZZI, Emilio Guiseppe appointed
secretary
1999-05-11
➕
KERR, Charles appointed
director
1999-05-11
➖
FAZZI, Eleanor resigned
secretary
1998-09-22
🏢
Company incorporated
As E-MAX SYSTEMS LIMITED
1998-09-22
➕
FAZZI, Emilio Guiseppe appointed
director
1998-09-22
➕
FAZZI, Eleanor appointed
secretary
1998-09-22
➕
OSWALDS OF EDINBURGH LIMITED appointed
corporate-nominee-secretary
1998-09-22
➖
OSWALDS OF EDINBURGH LIMITED resigned
corporate-nominee-secretary

Owner dependency

73/100

High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS

-4 active directors: Broader management team in place — suggests transferable governance.
+Long-tenure founder: Senior director has been in place 28 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 76 — succession pressure is live.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

80/100

Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS

primaryFounder aged 70+: Senior director is approximately 76 years old. Natural succession window is now.
primary20+ year tenure: Director in role 28 years. Very long tenure is a classic succession signal.
supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

clean

No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

2 active beneficial owners

Name	Shares	Voting rights	Nature of control	Notified
Mr Emilio Guiseppe Fazzi Individual · British · DOB 04/1950 · age 76	50–75%	—	50-75% shares	06/04/2016
Mr Charles Kerr Individual · British · DOB 11/1972 · age 54	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 · G postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
BIP SOLUTIONS LIMITED→ SC086146 · est 1984	£10.24M £7.31M–£13.17M	—	—	137	42y	83	79y
BLACKBAUD EUROPE LTD.→ SC212593 · est 2000	£3.33M £2.38M–£4.28M	£23.77M	—	12000	25y	84	64y
ALTIA SOLUTIONS LIMITED→ SC228451 · est 2002	£409.8k £292.7k–£526.9k	£6.88M	—	0	24y	83	60y
ANGEL EYE MEDIA LIMITED→ SC268652 · est 2004	—	—	—	500	21y	83	61y
APERTA LIMITED→ SC136758 · est 1992	—	—	£13.46M	—	34y	83	75y
CALEDONIA TV PRODUCTIONS LTD.→ SC141667 · est 1992	—	—	£451.3k	—	33y	83	77y
CRAB APPLE FILMS LIMITED→ SC242643 · est 2003	—	—	—	200	23y	83	64y
CUE AND REVIEW RECORDING SERVICE LIMITED→ SC129748 · est 1991 · no financials extracted	—	—	—	—	35y	83	78y
ELASTIC CREATIVE LTD.→ SC203930 · est 2000	—	—	£20.1k	—	26y	83	58y
EURITEC LIMITED→ SC132746 · est 1991	—	—	£2.4k	—	34y	83	77y
EURO SYSTEMS (SCOTLAND) LIMITED→ SC360587 · est 2009 · no financials extracted	—	—	—	—	16y	83	67y
GENIUS SOFTWARE SOLUTIONS LIMITED→ SC361801 · est 2009	—	—	—	34	16y	83	60y

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.

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Company details

Statusactive

Typeltd

Incorporated1998-09-22

Jurisdictionscotland

Primary SIC62012 — Business and domestic software development

Registered office

Suite 17 Arx House

9 James Watt Avenue

East Kilbride

G75 0QD

United Kingdom

Filing status

Accounts

Next due: 2026-09-30

Last made up to: 2024-12-31

Confirmation statement

Next due: 2026-10-31

Last: 2025-10-17