COURTNET SOFTWARE LIMITED

💤Zombieactive
SC191263 · ltd · incorporated 1998-11-18
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.
Why now
Window steady · low confidence
Steady and stalled — no momentum either way. Needs an approach trigger.
What changed my view
Last 30 days

No material changes in the last 30 days.

Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value
—
Upgrade to see
Turnover
—
year to Sept 2025
Net worth
—
book net assets
Opportunity
75/100
Strong
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What this business does
Primary activity: Business and domestic software development
Sector: Information & communication
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

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: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: strategic trade sale (65/100).

Data confidence

Overall: medium (68/100)

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
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
Confirmed no charges registered
85
Directors & officers
4 officers (2 active, 4 linked, 1 with DOB)
75
Ownership & PSC
3 active PSC(s) of 3 total, 3 with control declared
90
Director network
Network not yet resolved
30
Filing history
71 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
60
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Key financials

1 year extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-09-30
Average employees100

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
0
filings
Last 90 days
0
filings
Last 180 days
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (22 events)Click to expand
  1. 2026-01-26
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-10-16
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  3. 2025-08-12
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2024-09-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2023-09-11
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2022-03-09
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2021-09-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2021-03-18
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  9. 2020-06-01
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2019-08-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2018-07-03
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2017-10-02
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2016-12-28
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  14. 2015-12-10
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2015-12-07
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  16. 1998-11-18
    🏢
    Company incorporated
    As COURTNET SOFTWARE LIMITED
  17. 1998-11-18
    ➕
    PETRIE, Gwendolen appointed
    secretary
  18. 1998-11-18
    ➕
    PETRIE, Alan James Alexander appointed
    director
  19. 1998-11-18
    ➕
    TEMPLE SECRETARIES LIMITED appointed
    corporate-nominee-secretary
  20. 1998-11-18
    ➖
    TEMPLE SECRETARIES LIMITED resigned
    corporate-nominee-secretary
  21. 1998-11-18
    ➕
    COMPANY DIRECTORS LIMITED appointed
    corporate-nominee-director
  22. 1998-11-18
    ➖
    COMPANY DIRECTORS LIMITED resigned
    corporate-nominee-director

Owner dependency

85/100
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.
  • +Long-tenure founder: Senior director has been in place 28 years — deep operational knowledge concentrated in one person.

Succession & seller-readiness

75/100
Likely off-market candidate

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

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • primary20+ year tenure: Director in role 28 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 28 years old and no new directors in the last 3 years — succession not yet being planned internally.
  • 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

3 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Wendy Strachan
Individual · British · DOB 01/1972 · age 54
25–50%
25–50%board control25-50% shares · 25-50% voting · board control06/04/2016
Alan Petrie
Individual · British · DOB 09/1974 · age 52
25–50%
25–50%board control25-50% shares · 25-50% voting · board control06/04/2016
Wendy Todd
Individual · British · DOB 08/1969 · age 57
25–50%
25–50%board control25-50% shares · 25-50% voting · board control06/04/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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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
Incorporated1998-11-18
Jurisdictionscotland
Primary SIC62012 — Business and domestic software development

Registered office

9 Limekilns
Pencaitland
East Lothian
EH34 5HF

Filing status

Accounts
Next due: 2027-06-30
Last made up to: 2025-09-30
Confirmation statement
Next due: 2026-12-02
Last: 2025-11-18

Officers (2 active · 2 resigned)

PETRIE, Gwendolen→
secretary · appointed 1998-11-18
View their other companies + combined net worth →
Active
PETRIE, Alan James Alexander→
director · ~52y · appointed 1998-11-18
View their other companies + combined net worth →
Active
TEMPLE SECRETARIES LIMITED→
corporate-nominee-secretary · appointed 1998-11-18 · resigned 1998-11-18
Resigned
COMPANY DIRECTORS LIMITED→
corporate-nominee-director · appointed 1998-11-18 · resigned 1998-11-18
Resigned

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

Recent filings (71 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2026-01-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-12-08
change-account-reference-date-company-previous-shortened
accounts · AA01
2025-10-16
accounts-with-accounts-type-micro-entity
accounts · AA
2025-08-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-11-18
accounts-with-accounts-type-micro-entity
accounts · AA
2024-09-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-22
accounts-with-accounts-type-micro-entity
accounts · AA
2023-09-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-21
accounts-with-accounts-type-micro-entity
accounts · AA
2022-03-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-11-22
accounts-with-accounts-type-micro-entity
accounts · AA
2021-09-27
change-account-reference-date-company-previous-shortened
accounts · AA01
2021-03-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-12-17
accounts-with-accounts-type-micro-entity
accounts · AA
2020-06-01