UK SEARCH NETWORK LIMITED

💤Zombieactive

SC271132 · ltd · incorporated 2004-07-26

Investment thesis

Zombie company — trading but stalled; unlikely mover.

Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.

Why risky: No growth signal; thin margin for error on price.

Why now

Window steady · low confidence

Steady and stalled — no momentum either way. Needs an approach trigger.

What changed my view

Last 30 days

No material changes in the last 30 days.

Last 90 days

No material changes in the last 90 days.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Aug 2025

Net worth

£-29.2k

book net assets

Opportunity

75/100

Strong

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What this business does

Primary activity: Other information technology service activities

Sector: Information & communication

Investor take

Pass (distressed without resilience)

Distressed active trading company — structural issues outweigh the discount.

Opportunity 75/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -94% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: strategic trade sale (65/100).

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

3 years of iXBRL accounts extracted + narrative notes parsed

Lenders & charges

Confirmed no charges registered

Directors & officers

5 officers (2 active, 5 linked, 2 with DOB)

Ownership & PSC

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

Director network

Network not yet resolved

Filing history

55 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

75/100Strong

PassWatchWorth a lookStrongExceptional

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality

Active, clean filings, stable charge profile.

Acquirability

Some acquirability indicators.

Risk profile

Few red flags.

Signal strength

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102

Negative net assets

Liabilities exceed assets by £29,214

Very low cash

Cash position: £42

Cash draining

Cash down 94% YoY

Cash YoY

-94%

Year on year

Key financials

3 years extracted from filed iXBRL accounts

Cash

£42

↓ 94% YoY

Net Worth

-£29k

↓ 10% YoY

Current Assets

£243

↓ 70% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102

Metric	2025-08-31	2024-08-31	2023-08-31
Total assets	£-29.2k	£-26.5k	£-24.4k
Current assets	£243	£800	£905
Cash	£42	£676	£793
Debtors	£201	£124	£112
Net assets	£-29.2k	£-26.5k	£-24.4k

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 (24 events)Click to expand

2026-05-15
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-05-22
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-05-17
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-05-22
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-05-27
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-05-27
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-05-18
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-05-28
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2019-05-21
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-05-29
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2017-05-26
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2016-05-26
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2015-09-03
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2015-05-30
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2014-08-28
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2012-04-30
➕
HALAI, Muslim appointed
secretary
2011-11-24
➖
DAVIES, Jean resigned
secretary
2005-07-27
➖
DAVIES, Andrew resigned
secretary
2005-07-27
➕
DAVIES, Jean appointed
secretary
2005-02-03
➖
KENNEDY, Graeme resigned
director
2004-07-26
🏢
Company incorporated
As UK SEARCH NETWORK LIMITED
2004-07-26
➕
DAVIES, Andrew appointed
director
2004-07-26
➕
DAVIES, Andrew appointed
secretary
2004-07-26
➕
KENNEDY, Graeme appointed
director

Owner dependency

85/100

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

+Sole director: Only one active director — all governance concentrated on one person.
+Long-tenure founder: Senior director has been in place 22 years — deep operational knowledge concentrated in one person.

Succession & seller-readiness

75/100

Likely off-market candidate

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

SIGNALS

primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
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

clean

No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%

Name	Shares	Voting rights	Nature of control	Notified
Mr Andrew Davies Individual · British · DOB 08/1973 · age 53	75–100%	—	75-100% shares	06/04/2016

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

Incorporated2004-07-26

Jurisdictionscotland

Primary SIC62090 — Other information technology service activities

Registered office

21 Forbes Place

Paisley

PA1 1UT

Scotland

Filing status

Accounts

Next due: 2027-05-31

Last made up to: 2025-08-31

Confirmation statement

Next due: 2026-08-09

Last: 2025-07-26

Officers (2 active · 3 resigned)

HALAI, Muslim→

secretary · appointed 2012-04-30

View their other companies + combined net worth →

Active

DAVIES, Andrew→

director · ~53y · appointed 2004-07-26

View their other companies + combined net worth →

Active

DAVIES, Andrew→

secretary · appointed 2004-07-26 · resigned 2005-07-27

Resigned

DAVIES, Jean→

secretary · appointed 2005-07-27 · resigned 2011-11-24

Resigned

KENNEDY, Graeme→

director · ~46y · appointed 2004-07-26 · resigned 2005-02-03

Resigned

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