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.

Why now

Window steady · low confidence

Stable recent picture — watch for any upcoming trigger event.

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 Dec 2024

Net worth

£6.5k

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

Special-situation opportunity

Distressed technology with salvageable qualities — special-situations priority.

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: high (82/100)

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

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

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.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared

Positive net assets

Net assets £6,454

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

£6k

↑ 36% YoY

Current Assets

£3k

↓ 45% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2024-12-31	2023-12-31
Total assets	£6.5k	£4.8k
Current assets	£2.7k	£4.9k
Net assets	£6.5k	£4.8k

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

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 →

Similar companies

Active · Technology · PA postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
JACK MACDONALD & CO LIMITED→ SC259171 · est 2003	£538.6k £384.7k–£692.5k	£154.8k	—	200	22y	87	66y
E-DIESELS LIMITED→ SC200254 · est 1999	£127.0k £90.7k–£163.3k	—	—	0	26y	81	63y
ARGYLL FM LIMITED→ SC160070 · est 1995	—	—	—	500	30y	83	77y
HYDE PARK SOLUTIONS LIMITED→ SC336107 · est 2008	—	—	—	11	18y	83	68y
MJD SYSTEMS LTD.→ SC243351 · est 2003	—	—	£594.6k	—	23y	83	64y
ALHAMBRA FILMS LIMITED→ SC157768 · est 1995	—	—	£20.2k	—	31y	82	64y
FABSCOTS LIMITED→ SC367729 · est 2009	—	—	£2.7k	—	16y	82	67y
INTERIM MANAGEMENT PROGRAMMES LIMITED→ SC192609 · est 1999	—	—	£109.6k	—	27y	82	64y
ISYS COMPUTER SERVICES LIMITED→ SC152595 · est 1994	—	—	—	700	31y	82	70y
MINDGENIUS LTD.→ SC312478 · est 2006	—	—	—	200	19y	82	66y
MURRO BROTHERS LIMITED→ SC031284 · est 1954	—	—	£146.7k	—	72y	82	71y
CELTIC MUSIC RADIO LIMITED→ SC271561 · est 2004	—	—	£2.1k	—	21y	81	80y

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.

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

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