STEELWAVE LTD
💤Zombieactive
SC288262 · ltd · incorporated 2005-07-29
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.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to May 2024
Net worth
£123
book net assets
Opportunity
80/100
Exceptional
What this business does
Primary activity: Other information technology service activities
Sector: Information & communication
Investor take
PursueAsset-holding vehicle with a 63-year-old founder — textbook succession opportunity.
Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (70/100, director aged 63). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (73/100).
Data confidence
Overall: medium (71/100)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
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
Confirmed no charges registered
85
Directors & officers
6 officers (2 active, 6 linked, 3 with DOB)
80
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
70 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
80/100Exceptional
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
80
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £123
Key financials
1 year extracted from filed iXBRL accountsCash
£10k
Net Worth
£123
Current Assets
£20k
Current Liabilities
—
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-05-31 |
|---|---|
| Total assets | £1.3k |
| Current assets | £20.3k |
| Cash | £9.6k |
| Debtors | £10.7k |
| Net assets | £123 |
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
1
filing
- • 1 officers
Last 90 days
1
filing
- • 1 officers
Last 180 days
1
filing
- • 1 officers
Counts from Companies House filing history.
Corporate timeline (29 events)Click to expand
- 2026-04-23📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-10-31➖HUNTER, Emma May resigneddirector
- 2025-08-21📄change-account-reference-date-company-current-extendedaccounts · AA01
- 2025-05-19📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-11-13📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-07-31📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2024-07-31📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2023-11-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-08-21📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-08-21📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-08-17➕HUNTER, Emma May appointeddirector
- 2023-08-17➖LENNOX, Kenneth resigneddirector
- 2023-07-20📄change-person-director-company-with-change-dateofficers · CH01
- 2023-07-20📄change-person-director-company-with-change-dateofficers · CH01
- 2023-07-20📄change-person-secretary-company-with-change-dateofficers · CH03
- 2023-02-13📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-01-20📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-01-18📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-02-05📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-07-22📄change-person-director-company-with-change-dateofficers · CH01
- 2019-07-22📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2005-09-20➖@UKPLC CLIENT SECRETARY LTD resignedcorporate-nominee-secretary
- 2005-07-30➕CAMERON, Craig appointedsecretary
- 2005-07-30➕CAMERON, Craig appointeddirector
- 2005-07-30➕LENNOX, Kenneth appointeddirector
- 2005-07-30➖@UKPLC CLIENT DIRECTOR LTD resignedcorporate-nominee-director
- 2005-07-29🏢Company incorporatedAs STEELWAVE LTD
- 2005-07-29➕@UKPLC CLIENT SECRETARY LTD appointedcorporate-nominee-secretary
- 2005-07-29➕@UKPLC CLIENT DIRECTOR LTD appointedcorporate-nominee-director
Owner dependency
93/100
Critical — business is the founderThe 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 21 years — deep operational knowledge concentrated in one person.
- +Senior director age: Director aged approximately 63 — approaching natural succession window.
Succession & seller-readiness
95/100
Likely off-market candidateStrong 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.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- primary20+ year tenure: Director in role 21 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 21 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
cleanNo 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 Craig Cameron Individual · British · DOB 12/1963 · age 63 | 75–100% | — | 75-100% shares | 29/07/2016 |
1 historic (ceased) PSC
- Mr Kenneth Lennoxceased 17/08/2023· 25-50% shares
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 · G postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| TICTOC FAMILY LIMITED→ SC198988 · est 1999 · no financials extracted | — | — | — | — | 26y | — | — |
| TIGER ASPECT SCOTLAND LIMITED→ SC205805 · est 2000 · no financials extracted | — | — | — | — | 26y | — | — |
| TIP2TAIL LTD→ SC542338 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| TIREE CONSULTING LIMITED→ SC316231 · est 2007 · no financials extracted | — | — | — | — | 19y | — | — |
| TLA SYSTEMS LIMITED→ SC182999 · est 1998 · no financials extracted | — | — | — | — | 28y | — | — |
| TOGFINDER LTD.→ SC858529 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| TOISC LIMITED→ SC433212 · est 2012 · no financials extracted | — | — | — | — | 13y | — | — |
| TOMORROW DESIGN LTD→ SC480335 · est 2014 · no financials extracted | — | — | — | — | 11y | — | — |
| TOMORROW HITS PUBLISHING LTD→ SC392922 · est 2011 · no financials extracted | — | — | — | — | 15y | — | — |
| TOP LODER EDITING LIMITED→ SC724168 · est 2022 · no financials extracted | — | — | — | — | 4y | — | — |
| TOP SHOT FILMS LTD→ SC737052 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| TOPFORTH LTD→ SC624637 · est 2019 · no financials extracted | — | — | — | — | 7y | — | — |
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
Incorporated2005-07-29
Jurisdictionscotland
Primary SIC62090 — Other information technology service activities
Registered office
Caledonia House
89 Seaward Street
Glasgow
G41 1HJ
Scotland
Filing status
Accounts
Next due: 2026-07-31
Last made up to: 2024-05-31
Confirmation statement
Next due: 2026-08-12
Last: 2025-07-29
Officers (2 active · 4 resigned)
Active
CAMERON, Craig→
Activedirector · ~63y · appointed 2005-07-30
View their other companies + combined net worth →
@UKPLC CLIENT SECRETARY LTD→
Resignedcorporate-nominee-secretary · appointed 2005-07-29 · resigned 2005-09-20
HUNTER, Emma May→
Resigneddirector · ~55y · appointed 2023-08-17 · resigned 2025-10-31
LENNOX, Kenneth→
Resigneddirector · ~70y · appointed 2005-07-30 · resigned 2023-08-17
@UKPLC CLIENT DIRECTOR LTD→
Resignedcorporate-nominee-director · appointed 2005-07-29 · resigned 2005-07-30
Click a director name to see their full track record across all companies.
Recent filings (70 total)
termination-director-company-with-name-termination-date
officers · TM01
2026-04-23
confirmation-statement-with-updates
confirmation-statement · CS01
2025-09-11
change-account-reference-date-company-current-extended
accounts · AA01
2025-08-21
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-05-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-11-13
confirmation-statement-with-updates
confirmation-statement · CS01
2024-07-31
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-07-31
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-07-31
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-11-28
appoint-person-director-company-with-name-date
officers · AP01
2023-08-21
termination-director-company-with-name-termination-date
officers · TM01
2023-08-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-07-31
change-person-director-company-with-change-date
officers · CH01
2023-07-20
change-person-director-company-with-change-date
officers · CH01
2023-07-20
change-person-secretary-company-with-change-date
officers · CH03
2023-07-20