DELPHIX LIMITED

⚰️Wound downdissolved

SC297556 · ltd · incorporated 2006-02-22

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

63/100

Worth a look

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch

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 63/100 (worth a look), bankability 70/100. Strong seller-intent signal (78/100, director aged 77). 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: low (48/100)

Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.

Company profile

address, 1 SIC codes, incorporation date

100

Financials

No iXBRL financials extracted

Lenders & charges

Confirmed no charges registered

Directors & officers

5 officers (3 active, 5 linked, 2 with DOB)

Ownership & PSC

No PSCs filed (unusual — worth investigating)

Director network

6 connected companies via shared directors

Filing history

31 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

63/100Worth 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

filings

Counts from Companies House filing history.

Corporate timeline (34 events)Click to expand

2013-07-26
📄
gazette-dissolved-voluntary
gazette · GAZ2(A)
2013-07-26
🏁
Company dissolved
2013-04-05
📄
gazette-notice-voluntary
gazette · GAZ1(A)
2013-03-26
📄
dissolution-application-strike-off-company
dissolution · DS01
2013-03-04
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2012-12-08
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2012-02-24
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2011-04-29
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2011-02-22
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2010-12-07
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2010-02-23
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2010-01-18
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2009-02-25
📄
legacy
annual-return · 363a
2009-02-25
📄
legacy
officers · 288c
2008-09-09
📍
legacy
address · 287
2008-06-02
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2008-02-25
📄
legacy
annual-return · 363a
2007-04-20
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2007-04-20
📄
legacy
accounts · 225
2007-03-02
📄
legacy
annual-return · 363a
2006-07-10
📄
legacy
capital · 88(2)R
2006-07-05
📄
legacy
officers · 288a
2006-07-05
📄
legacy
capital · 122
2006-07-05
📄
resolution
resolution · RESOLUTIONS
2006-07-05
📄
resolution
resolution · RESOLUTIONS
2006-07-05
📄
resolution
resolution · RESOLUTIONS
2006-06-13
➕
KENNY, Paul Enda appointed
secretary
2006-06-13
➕
KENNY, Paul Enda appointed
director
2006-06-13
➖
MORTON FRASER SECRETARIES LIMITED resigned
corporate-nominee-secretary
2006-02-23
➕
THOMPSON, Henry Swift, Dr appointed
director
2006-02-23
➖
MORTON FRASER DIRECTORS LIMITED resigned
corporate-nominee-director
2006-02-22
🏢
Company incorporated
As DELPHIX LIMITED
2006-02-22
➕
MORTON FRASER SECRETARIES LIMITED appointed
corporate-nominee-secretary
2006-02-22
➕
MORTON FRASER DIRECTORS LIMITED appointed
corporate-nominee-director

Owner dependency

83/100

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

+Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
+Long-tenure founder: Senior director has been in place 20 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 77 — succession pressure is live.

Succession & seller-readiness

96/100

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 77 years old. Natural succession window is now.
secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
primary20+ year tenure: Director in role 20 years. Very long tenure is a classic succession signal.
secondaryStable-but-static management: Company is 20 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 2013-07-26

🔒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.

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

Statusdissolved

Typeltd

Incorporated2006-02-22

Jurisdictionscotland

Primary SIC62012 — Business and domestic software development

Registered office

Cavers Garden Farm

Denholm

Hawick

Roxburghshire

TD9 8LN

United Kingdom

Filing status

Accounts

Next due: —

Last made up to: 2012-03-31

Confirmation statement

Next due: —

Last: —

Officers (0 active · 2 resigned)

KENNY, Paul Enda→

secretary · appointed 2006-06-13

View their other companies + combined net worth →

Active

KENNY, Paul Enda→

director · ~77y · appointed 2006-06-13

View their other companies + combined net worth →

Active

THOMPSON, Henry Swift, Dr→

director · ~76y · appointed 2006-02-23

View their other companies + combined net worth →

Active

MORTON FRASER SECRETARIES LIMITED→

corporate-nominee-secretary · appointed 2006-02-22 · resigned 2006-06-13

Resigned

MORTON FRASER DIRECTORS LIMITED→

corporate-nominee-director · appointed 2006-02-22 · resigned 2006-02-23

Resigned

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

Recent filings (31 total)

gazette-dissolved-voluntary

gazette · GAZ2(A)

2013-07-26

gazette-notice-voluntary

gazette · GAZ1(A)

2013-04-05

dissolution-application-strike-off-company

dissolution · DS01

2013-03-26

annual-return-company-with-made-up-date-full-list-shareholders

annual-return · AR01

2013-03-04

accounts-with-accounts-type-total-exemption-small

accounts · AA

2012-12-08

annual-return-company-with-made-up-date-full-list-shareholders

annual-return · AR01

2012-02-24

accounts-with-accounts-type-total-exemption-small

accounts · AA

2011-04-29

annual-return-company-with-made-up-date-full-list-shareholders

annual-return · AR01

2011-02-22

accounts-with-accounts-type-total-exemption-small

accounts · AA

2010-12-07

annual-return-company-with-made-up-date-full-list-shareholders

annual-return · AR01

2010-02-23

accounts-with-accounts-type-total-exemption-small

accounts · AA

2010-01-18

legacy

annual-return · 363a

2009-02-25

legacy

officers · 288c

2009-02-25

legacy

address · 287

2008-09-09

accounts-with-accounts-type-total-exemption-small

accounts · AA

2008-06-02