INTELLIGENT HOME SYSTEMS LTD

🌳Matureactive

SC232306 · ltd · incorporated 2002-05-31

Investment thesis

Established operating company — standard diligence applies, no dominant angle.

Why interesting: Live, filing, normal profile.

Why risky: No standout signals in either direction.

🔒Estimated value

—

Upgrade to see

Turnover

—

year to May 2025

Net worth

£-117.9k

book net assets

Opportunity

80/100

Exceptional

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What this business does

Primary activity: Electrical installation

Sector: Construction

Investor take

Pass (distressed without resilience)

Distressed active trading company — structural issues outweigh the discount.

Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (83/100, director aged 68). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

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

Lenders & charges

Confirmed no charges registered

Directors & officers

4 officers (3 active, 4 linked, 3 with DOB)

Ownership & PSC

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

Director network

Network not yet resolved

Filing history

64 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

80/100Exceptional

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

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)

Negative net assets

Liabilities exceed assets by £117,937

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

-£118k

↓ 16% YoY

Current Assets

£4k

↓ 31% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)

Metric	2025-05-31	2024-05-31
Total assets	£-117.9k	£-101.3k
Current assets	£3.6k	£5.2k
Net assets	£-117.9k	£-101.3k

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

filings

Last 90 days

filing

• 1 accounts

Last 180 days

filing

• 1 accounts

Counts from Companies House filing history.

Corporate timeline (22 events)Click to expand

2026-02-24
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2025-02-20
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2024-02-28
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2023-02-07
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2022-02-27
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2021-03-05
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2020-09-22
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2020-09-22
📄
change-person-secretary-company-with-change-date
officers · CH03
2020-09-22
📄
change-person-director-company-with-change-date
officers · CH01
2020-09-22
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2020-09-22
📄
change-person-director-company-with-change-date
officers · CH01
2020-09-22
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2020-02-10
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2019-02-28
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2018-01-26
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2017-02-28
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2008-05-30
➖
TAIT, George resigned
director
2007-06-01
➕
TAIT, George appointed
director
2002-06-01
➕
SMITH, Sandra Elizabeth Ann appointed
director
2002-05-31
🏢
Company incorporated
As INTELLIGENT HOME SYSTEMS LTD
2002-05-31
➕
SMITH, Sandra Elizabeth Ann appointed
secretary
2002-05-31
➕
SMITH, Ewan Philip appointed
director

Owner dependency

91/100

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 68 — succession pressure is live.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

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 68. 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

Name	Shares	Voting rights	Nature of control	Notified
Mr Ewan Smith Individual · British · DOB 04/1960 · age 66	25–50%	25–50%	25-50% shares · 25-50% voting	31/05/2017
Mrs Sandra Elizabeth Ann Smith Individual · British · DOB 01/1958 · age 68	25–50%	25–50%	25-50% shares · 25-50% voting	31/05/2017

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

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JGPS (SCOTLAND) LTD→ SC627072 · est 2019 · no financials extracted	—	—	—	—	7y	—	—
JJEM PLUMBING LTD→ SC623296 · est 2019 · no financials extracted	—	—	—	—	7y	—	—
JM FLOORING TAYSIDE LTD.→ SC398385 · est 2011 · no financials extracted	—	—	—	—	14y	—	—
JOHN CARMICHAEL & SON LTD→ SC481518 · est 2014 · no financials extracted	—	—	—	—	11y	—	—
JONNYEV SPECIALIST RENDER LTD→ SC566113 · est 2017 · no financials extracted	—	—	—	—	8y	—	—
JRM ROUGHCASTING LTD→ SC838723 · est 2025 · no financials extracted	—	—	—	—	1y	—	—

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

Incorporated2002-05-31

Jurisdictionscotland

Primary SIC43210 — Electrical installation

Registered office

Tarkwa

3 Broomfield Road

Montrose

Angus

DD10 8SZ

Scotland

Filing status

Accounts

Next due: 2027-02-28

Last made up to: 2025-05-31

Confirmation statement

Next due: 2026-06-14

Last: 2025-05-31

Officers (3 active · 1 resigned)

SMITH, Sandra Elizabeth Ann→

secretary · appointed 2002-05-31

View their other companies + combined net worth →

Active

SMITH, Ewan Philip→

director · ~66y · appointed 2002-05-31

View their other companies + combined net worth →

Active

SMITH, Sandra Elizabeth Ann→

director · ~68y · appointed 2002-06-01

View their other companies + combined net worth →

Active

TAIT, George→

director · ~51y · appointed 2007-06-01 · resigned 2008-05-30

Resigned

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