ALBASOFT LIMITED

🌳Matureactive
SC231024 · ltd · incorporated 2002-05-01
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 19.4y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£89.5k
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: Other information technology service activities
Sector: Information & communication
Investor take
Pursue
Asset-holding vehicle with a 66-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 85/100. Strong seller-intent signal (83/100, director aged 66). Share purchase looks the cleaner deal structure. Most likely exit: strategic trade sale (73/100).

🏦

Refinance opportunity

1 live charge · oldest 19.4y

85/100
ready

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

  • · Oldest live charge is 19.4 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 15/100 — clean.

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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
8 officers (3 active, 8 linked, 4 with DOB)
80
Ownership & PSC
2 active PSC(s) of 3 total, 3 with control declared
90
Director network
Network not yet resolved
30
Filing history
76 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
82/100Exceptional
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Positive net assets
Net assets £89,493
Net assets shrinking
Down £46,456 YoY
Cash YoY
+104%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£157k
↑ 104% YoY
Net Worth
£89k
↓ 34% YoY
Current Assets
£182k
↓ 40% YoY
Current Liabilities
—
£0£61k£122k£183k£244k£304kMar 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
Total assets£89.5k£135.9k
Current assets£181.6k£304.4k
Cash£157.2k£76.9k
Debtors£24.4k£227.5k
Net assets£89.5k£135.9k

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 (33 events)Click to expand
  1. 2025-12-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-03-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-03-28
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  4. 2024-03-28
    📄
    appoint-person-secretary-company-with-name-date
    officers · AP03
  5. 2024-03-28
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  6. 2024-03-28
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  7. 2024-03-28
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  8. 2023-12-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2023-05-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2023-04-01
    ➕
    SWEENEY, Margaret appointed
    secretary
  11. 2023-03-31
    ➖
    MACKAY, Eileen Margaret resigned
    secretary
  12. 2023-03-27
    📄
    change-account-reference-date-company-current-shortened
    accounts · AA01
  13. 2023-03-01
    ➕
    MACKENZIE, Michelle appointed
    director
  14. 2022-05-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2021-10-21
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  16. 2021-10-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2021-08-17
    📄
    dissolved-compulsory-strike-off-suspended
    dissolution · DISS16(SOAS)
  18. 2021-07-27
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  19. 2020-02-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  20. 2019-02-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  21. 2013-09-04
    🔓
    Charge satisfied #1
  22. 2010-04-30
    ➖
    KELLY, Peter resigned
    director
  23. 2010-04-30
    ➖
    MACKAY, Eileen Margaret resigned
    director
  24. 2006-11-24
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  25. 2006-10-01
    ➕
    KELLY, Peter appointed
    director
  26. 2003-06-01
    ➕
    MACKAY, Eileen Margaret appointed
    director
  27. 2002-05-01
    🏢
    Company incorporated
    As ALBASOFT LIMITED
  28. 2002-05-01
    ➕
    KELLY, David appointed
    director
  29. 2002-05-01
    ➕
    MACKAY, Eileen Margaret appointed
    secretary
  30. 2002-05-01
    ➕
    OSWALDS OF EDINBURGH LIMITED appointed
    corporate-nominee-secretary
  31. 2002-05-01
    ➖
    OSWALDS OF EDINBURGH LIMITED resigned
    corporate-nominee-secretary
  32. 2002-05-01
    ➕
    JORDANS (SCOTLAND) LIMITED appointed
    corporate-nominee-director
  33. 2002-05-01
    ➖
    JORDANS (SCOTLAND) LIMITED resigned
    corporate-nominee-director

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
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Long-tenure founder: Senior director has been in place 24 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 66 — succession pressure is live.

Succession & seller-readiness

86/100
Likely off-market candidate

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

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 66. Approaching typical UK retirement age — succession thinking likely.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 24 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 24 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

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr David Kelly
Individual · Scottish · DOB 06/1960 · age 66
25–50%
—25-50% shares01/06/2016
Miss Michelle Ann Mackenzie
Individual · British · DOB 01/1971 · age 55
25–50%
—25-50% shares01/06/2016
1 historic (ceased) PSC
  • Mrs Eileen Margaret Kellyceased 31/03/2023· 25-50% shares

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
Incorporated2002-05-01
Jurisdictionscotland
Primary SIC62090 — Other information technology service activities

Registered office

56a Culcabock Avenue
Inverness
IV2 3RQ
Scotland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-05-15
Last: 2025-05-01

Officers (3 active · 5 resigned)

SWEENEY, Margaret→
secretary · appointed 2023-04-01
View their other companies + combined net worth →
Active
KELLY, David→
director · ~66y · appointed 2002-05-01
View their other companies + combined net worth →
Active
MACKENZIE, Michelle→
director · ~55y · appointed 2023-03-01
View their other companies + combined net worth →
Active
MACKAY, Eileen Margaret→
secretary · appointed 2002-05-01 · resigned 2023-03-31
Resigned
OSWALDS OF EDINBURGH LIMITED→
corporate-nominee-secretary · appointed 2002-05-01 · resigned 2002-05-01
Resigned
KELLY, Peter→
director · ~53y · appointed 2006-10-01 · resigned 2010-04-30
Resigned
MACKAY, Eileen Margaret→
director · ~67y · appointed 2003-06-01 · resigned 2010-04-30
Resigned
JORDANS (SCOTLAND) LIMITED→
corporate-nominee-director · appointed 2002-05-01 · resigned 2002-05-01
Resigned

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

Mortgages & charges

1
Total charges
0
Outstanding
0
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property24/11/200604/09/2013

Recent filings (76 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-03-31
confirmation-statement-with-updates
confirmation-statement · CS01
2024-05-30
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-03-28
appoint-person-secretary-company-with-name-date
officers · AP03
2024-03-28
appoint-person-director-company-with-name-date
officers · AP01
2024-03-28
termination-secretary-company-with-name-termination-date
officers · TM02
2024-03-28
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-03-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-05-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-12
change-account-reference-date-company-current-shortened
accounts · AA01
2023-03-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-05-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-05-01