VET-TEC SYSTEMS LIMITED

⚰️Wound downdissolved

SC268176 · ltd · incorporated 2004-05-20

Investment thesis

Company dissolved — not a live target.

Why interesting: Historical record only; useful for precedent research.

Why risky: Not transactable.

🔒Estimated value

—

Upgrade to see

Turnover

—

not disclosed

Net worth

—

book net assets

Opportunity

64/100

Worth a look

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What this business does

Primary activity: Business and domestic software development

Sector: Information & communication

Investor take

Pass (distressed without resilience)

Distressed unclear — structural issues outweigh the discount.

Opportunity 64/100 (worth a look), bankability 70/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: Company dissolved. Company has been dissolved — it no longer legally exists. Any diligence here is historical only. Most likely exit: strategic trade sale (73/100).

Data confidence

Overall: medium (60/100)

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

No iXBRL financials extracted

Lenders & charges

Confirmed no charges registered

Directors & officers

9 officers (6 active, 9 linked, 6 with DOB)

Ownership & PSC

1 active PSC(s) of 1 total, 1 with control declared

Director network

23 connected companies via shared directors

Filing history

66 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

64/100Worth a look

PassWatchWorth a lookStrongExceptional

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality

Concerning — overdue filings or status flags present.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Some moderate concerns — review flags.

Signal strength

Good data coverage for analysis.

Recent activity

Last 30 days

filings

Last 90 days

filings

Last 180 days

filing

• 1 gazette

Counts from Companies House filing history.

Corporate timeline (31 events)Click to expand

2025-12-30
📄
gazette-dissolved-voluntary
gazette · GAZ2(A)
2025-12-30
🏁
Company dissolved
2025-10-14
📄
gazette-notice-voluntary
gazette · GAZ1(A)
2025-10-07
📄
dissolution-application-strike-off-company
dissolution · DS01
2025-09-13
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2024-09-21
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2024-01-23
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-09-27
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2022-09-29
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2022-06-01
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2021-09-28
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2020-12-28
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2020-10-19
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2020-10-17
📄
withdrawal-of-a-person-with-significant-control-statement
persons-with-significant-control · PSC09
2019-09-29
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2019-05-31
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2018-09-28
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2017-09-26
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2012-10-12
➕
HORNE, Christopher Neil appointed
director
2012-10-12
➖
CAMPBELL, James Mossman resigned
director
2004-05-20
🏢
Company incorporated
As VET-TEC SYSTEMS LIMITED
2004-05-20
➕
MCGIBBON, Alan John appointed
secretary
2004-05-20
➕
JOHNSTONE, Ian James appointed
director
2004-05-20
➕
MCGIBBON, Alan John appointed
director
2004-05-20
➕
SKELTON, Ann Rosemary appointed
director
2004-05-20
➕
SKELTON, Bruce appointed
director
2004-05-20
➕
BRIAN REID LTD. appointed
corporate-nominee-secretary
2004-05-20
➖
BRIAN REID LTD. resigned
corporate-nominee-secretary
2004-05-20
➕
CAMPBELL, James Mossman appointed
director
2004-05-20
➕
STEPHEN MABBOTT LTD. appointed
corporate-nominee-director
2004-05-20
➖
STEPHEN MABBOTT LTD. resigned
corporate-nominee-director

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

-5 active directors: Broader management team in place — suggests transferable governance.
+Long-tenure founder: Senior director has been in place 22 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 80 — succession pressure is live.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

90/100

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 80 years old. Natural succession window is now.
primary20+ year tenure: Director in role 22 years. Very long tenure is a classic succession signal.
secondaryStable-but-static management: Company is 22 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

1 high ·

Company dissolved

high

Company has been dissolved — it no longer legally exists. Any diligence here is historical only.

Evidence: Dissolved on 2025-12-30

Group structure

Prophet Titanium Llp holds 25-50% — a significant corporate investor but not a controlling parent.

🏛️

Prophet Titanium Llp

Corporate parent · holds 25-50% shares

significant stake

⬇

VET-TEC SYSTEMS LIMITED

This company · SC268176

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

1 active beneficial owner

Name	Shares	Voting rights	Nature of control	Notified
Prophet Titanium Llp Corporate entity	25–50%	25–50%	25-50% shares · 25-50% voting	12/10/2020

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

8 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.

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🔒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

Statusdissolved

Typeltd

Incorporated2004-05-20

Jurisdictionscotland

Primary SIC62012 — Business and domestic software development

Registered office

Braehead

108 Corsebar Road

Paisley

PA2 9PY

Scotland

Filing status

Accounts

Next due: —

Last made up to: 2024-12-31

Confirmation statement

Next due: —

Last: 2025-05-20