LITHIUM SYSTEMS LIMITED

🌳Matureactive
SC255743 · ltd · incorporated 2003-09-10
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.
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
—
book net assets
Opportunity
83/100
Exceptional
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What this business does
Primary activity: Repair of machinery
Sector: Manufacturing
ALSO REGISTERED FOR
  • 62011Ready-made interactive leisure and entertainment software development
  • 62020Information technology consultancy activities
  • 62090Other information technology service activities
Investor take
Pursue
Strong opportunity: active trading company with exceptional profile and bankable structure.

Opportunity 83/100 (exceptional), bankability 80/100. 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. 1 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

1 live charge · oldest 19.4y

65/100
clean up first

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

  • · Oldest live charge is 19.4 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: high (80/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile
address, 4 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 (5 active, 8 linked, 4 with DOB)
80
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
5 connected companies via shared directors
60
Filing history
73 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
83/100Exceptional
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
85
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0Mar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-312024-03-31
Average employees17002300

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

🔒Filing-note intelligence

2 signals 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
0
filings
Counts from Companies House filing history.
Corporate timeline (28 events)Click to expand
  1. 2025-07-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-08-02
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-08-10
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-01-12
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  5. 2022-06-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2021-06-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2020-07-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2020-01-06
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  9. 2019-08-02
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2019-03-20
    📄
    change-account-reference-date-company-current-shortened
    accounts · AA01
  11. 2019-02-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2018-03-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2017-10-03
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  14. 2017-05-11
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2016-09-20
    📄
    change-person-director-company-with-change-date
    officers · CH01
  16. 2011-09-01
    ➕
    AITKENHEAD, Gayle appointed
    director
  17. 2011-09-01
    ➕
    FRANKLYN, Karen June appointed
    director
  18. 2006-11-22
    🔒
    Charge registered #1
    Lender: Clydesdale Bank Public Limited Company
  19. 2003-09-10
    🏢
    Company incorporated
    As LITHIUM SYSTEMS LIMITED
  20. 2003-09-10
    ➕
    FRANKLYN, Stephen appointed
    secretary
  21. 2003-09-10
    ➕
    AITKENHEAD, George Findlay appointed
    director
  22. 2003-09-10
    ➕
    FRANKLYN, Stephen appointed
    director
  23. 2003-09-10
    ➕
    PETER TRAINER COMPANY SECRETARIES LTD. appointed
    corporate-nominee-secretary
  24. 2003-09-10
    ➖
    PETER TRAINER COMPANY SECRETARIES LTD. resigned
    corporate-nominee-secretary
  25. 2003-09-10
    ➕
    PETER TRAINER COMPANY SECRETARIES LTD. appointed
    corporate-nominee-director
  26. 2003-09-10
    ➖
    PETER TRAINER COMPANY SECRETARIES LTD. resigned
    corporate-nominee-director
  27. 2003-09-10
    ➕
    PETER TRAINER CORPORATE SERVICES LTD. appointed
    corporate-nominee-director
  28. 2003-09-10
    ➖
    PETER TRAINER CORPORATE SERVICES LTD. resigned
    corporate-nominee-director

Owner dependency

66/100
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 23 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 63 — approaching natural succession window.
  • +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 63+: Senior director is approximately 63. Approaching typical UK retirement age — succession thinking likely.
  • primary20+ year tenure: Director in role 23 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 23 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 Stephen Franklyn
Individual · British · DOB 05/1964 · age 62
50–75%
—50-75% shares06/04/2016
Mr George Findlay Aitkenhead
Individual · British · DOB 02/1968 · age 58
25–50%
—25-50% shares06/04/2016

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 →

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

6 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
Incorporated2003-09-10
Jurisdictionscotland
Primary SIC33120 — Repair of machinery

Registered office

Unit 3-5 Carsebridge Court
Alloa
FK10 3LQ
Scotland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-09-24
Last: 2025-09-10

Officers (5 active · 3 resigned)

FRANKLYN, Stephen→
secretary · appointed 2003-09-10
View their other companies + combined net worth →
Active
AITKENHEAD, Gayle→
director · ~57y · appointed 2011-09-01
View their other companies + combined net worth →
Active
AITKENHEAD, George Findlay→
director · ~58y · appointed 2003-09-10
View their other companies + combined net worth →
Active
FRANKLYN, Karen June→
director · ~63y · appointed 2011-09-01
View their other companies + combined net worth →
Active
FRANKLYN, Stephen→
director · ~62y · appointed 2003-09-10
View their other companies + combined net worth →
Active
PETER TRAINER COMPANY SECRETARIES LTD.→
corporate-nominee-secretary · appointed 2003-09-10 · resigned 2003-09-10
Resigned
PETER TRAINER COMPANY SECRETARIES LTD.→
corporate-nominee-director · appointed 2003-09-10 · resigned 2003-09-10
Resigned
PETER TRAINER CORPORATE SERVICES LTD.→
corporate-nominee-director · appointed 2003-09-10 · resigned 2003-09-10
Resigned

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
Virgin Money
Clydesdale Bank Public Limited Company
Floating charge1 property22/11/2006—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (73 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-07-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-09-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-08-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-09-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-08-10
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-01-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-09-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-06-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-09-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-06-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-09-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-07-16
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2020-01-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-09-11