SQUARE BLUE IT LTD

💤Zombieactive
SC289322 · ltd · incorporated 2005-08-23
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 Aug 2024
Net worth
£3.1k
book net assets
Opportunity
74/100
Strong
🔔
Follow this company (free)
Email alerts on filings, charges, director changes, gazette notices. No account needed.

Unsubscribe any time from any email. GDPR-respectful.

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch
What this business does
Primary activity: Other information technology service activities
Sector: Information & communication
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 74/100 (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: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: strategic trade sale (65/100).

Data confidence

Overall: medium (77/100)

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
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
Confirmed no charges registered
85
Directors & officers
7 officers (2 active, 7 linked, 5 with DOB)
84
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
60 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
74/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
55
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £3,101

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£3k
↑ 457% YoY
Current Assets
£28k
↑ 28% YoY
Current Liabilities
—
£0£6k£11k£17k£23k£28kAug 2023Aug 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-08-312023-08-31
Total assets£3.1k£2.5k
Current assets£28.2k£22.0k
Net assets£3.1k£557

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

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. 2025-08-01
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  2. 2025-05-23
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2024-05-16
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2023-05-25
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2022-05-23
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2021-05-18
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2020-05-18
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2019-05-24
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2018-12-01
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  10. 2018-11-30
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  11. 2018-11-13
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  12. 2018-05-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2017-05-31
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  14. 2016-05-26
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2015-09-17
    ➕
    RHYMER, Edward appointed
    director
  16. 2015-09-17
    ➖
    MIDDLETON, Kyle resigned
    director
  17. 2015-09-17
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  18. 2012-11-22
    ➕
    MIDDLETON, Kyle appointed
    director
  19. 2012-11-22
    ➖
    RUSELL, Gillian resigned
    director
  20. 2012-06-01
    ➖
    RHYMER, Edward resigned
    director
  21. 2012-06-01
    ➕
    RUSELL, Gillian appointed
    director
  22. 2006-09-01
    ➖
    RHYMER, Edward resigned
    secretary
  23. 2006-05-01
    ➕
    RUSSELL, Gillian appointed
    secretary
  24. 2006-05-01
    ➖
    MARSHALL, Lesley resigned
    director
  25. 2005-11-01
    ➕
    RHYMER, Edward appointed
    director
  26. 2005-08-23
    🏢
    Company incorporated
    As SQUARE BLUE IT LTD
  27. 2005-08-23
    ➕
    RHYMER, Edward appointed
    secretary
  28. 2005-08-23
    ➕
    MARSHALL, Lesley appointed
    director

Owner dependency

75/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.

Succession & seller-readiness

60/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

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

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%
NameSharesVoting rightsNature of controlNotified
Mr Edward Rhymer
Individual · United Kingdom · DOB 01/1971 · age 55
75–100%
—75-100% shares06/04/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

Similar companies

Active · Technology · G postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
BIP SOLUTIONS LIMITED→
SC086146 · est 1984
£10.24M
£7.31M–£13.17M
——13742y8379y
BLACKBAUD EUROPE LTD.→
SC212593 · est 2000
£3.33M
£2.38M–£4.28M
£23.77M—1200025y8464y
ALTIA SOLUTIONS LIMITED→
SC228451 · est 2002
£409.8k
£292.7k–£526.9k
£6.88M—024y8360y
ANGEL EYE MEDIA LIMITED→
SC268652 · est 2004
———50021y8361y
APERTA LIMITED→
SC136758 · est 1992
——£13.46M—34y8375y
CALEDONIA TV PRODUCTIONS LTD.→
SC141667 · est 1992
——£451.3k—33y8377y
CRAB APPLE FILMS LIMITED→
SC242643 · est 2003
———20023y8364y
CUE AND REVIEW RECORDING SERVICE LIMITED→
SC129748 · est 1991 · no financials extracted
————35y8378y
E-MAX SYSTEMS LIMITED→
SC189614 · est 1998
——£290.8k—27y8376y
ELASTIC CREATIVE LTD.→
SC203930 · est 2000
——£20.1k—26y8358y
EURITEC LIMITED→
SC132746 · est 1991
——£2.4k—34y8377y
EURO SYSTEMS (SCOTLAND) LIMITED→
SC360587 · est 2009 · no financials extracted
————16y8367y
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
Incorporated2005-08-23
Jurisdictionscotland
Primary SIC62090 — Other information technology service activities

Registered office

141 Hopepark Drive
Cumbernauld
Glasgow
G68 9FG
Scotland

Filing status

Accounts
Next due: 2026-05-31
Last made up to: 2024-08-31
Confirmation statement
Next due: 2026-08-30
Last: 2025-08-16

Officers (2 active · 5 resigned)

RUSSELL, Gillian→
secretary · appointed 2006-05-01
View their other companies + combined net worth →
Active
RHYMER, Edward→
director · ~55y · appointed 2015-09-17
View their other companies + combined net worth →
Active
RHYMER, Edward→
secretary · appointed 2005-08-23 · resigned 2006-09-01
Resigned
MARSHALL, Lesley→
director · ~50y · appointed 2005-08-23 · resigned 2006-05-01
Resigned
MIDDLETON, Kyle→
director · ~32y · appointed 2012-11-22 · resigned 2015-09-17
Resigned
RHYMER, Edward→
director · ~55y · appointed 2005-11-01 · resigned 2012-06-01
Resigned
RUSELL, Gillian→
director · ~56y · appointed 2012-06-01 · resigned 2012-11-22
Resigned

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

Recent filings (60 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-08-18
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-08-01
accounts-with-accounts-type-micro-entity
accounts · AA
2025-05-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-16
accounts-with-accounts-type-micro-entity
accounts · AA
2024-05-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-09-15
accounts-with-accounts-type-micro-entity
accounts · AA
2023-05-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-09-06
accounts-with-accounts-type-micro-entity
accounts · AA
2022-05-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-09-16
accounts-with-accounts-type-micro-entity
accounts · AA
2021-05-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-08-28
accounts-with-accounts-type-micro-entity
accounts · AA
2020-05-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-08-26
accounts-with-accounts-type-micro-entity
accounts · AA
2019-05-24