BRIGHTWIRE TECHNOLOGY SERVICES LIMITED

🌳Matureactive
SC301621 · ltd · incorporated 2006-05-02
Investment thesis
Well-run mature business — low negotiation leverage; premium likely.
Why interesting: Textbook target; clean filings, stable trading.
Why risky: No pressure on seller; any deal likely at full price.
Opportunity decay
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
  • · Thesis: well-run, low negotiation leverage
🔒Estimated value
—
Upgrade to see
Turnover
—
year to May 2025
Net worth
£3.37M
book net assets
Opportunity
76/100
Strong
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What this business does
Primary activity: Business and domestic software development
Sector: Information & communication
ALSO REGISTERED FOR
  • 62020Information technology consultancy activities
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 76/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: strategic trade sale (73/100).

Data confidence

Overall: medium (76/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, 2 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
6 officers (3 active, 6 linked, 2 with DOB)
77
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
71 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
76/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
65
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 £3,369,615
Cash YoY
+9%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£3.4m
↑ 9.4% YoY
Net Worth
£3.4m
↑ 1.0% YoY
Current Assets
—
Current Liabilities
—
£0£682k£1.4m£2.0m£2.7m£3.4mMay 2024May 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-05-312024-05-31
Cash£3.41M£3.12M
Net assets£3.37M£3.33M

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
0
filings
Last 90 days
1
filing
  • • 1 accounts
Last 180 days
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (32 events)Click to expand
  1. 2026-02-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-05-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2025-02-27
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  4. 2024-03-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2023-05-11
    📄
    capital-alter-shares-subdivision
    capital · SH02
  6. 2023-05-11
    📄
    capital-variation-of-rights-attached-to-shares
    capital · SH10
  7. 2023-05-11
    📄
    memorandum-articles
    incorporation · MA
  8. 2023-05-11
    📄
    capital-name-of-class-of-shares
    capital · SH08
  9. 2023-05-10
    📄
    memorandum-articles
    incorporation · MA
  10. 2023-05-09
    📄
    resolution
    resolution · RESOLUTIONS
  11. 2023-03-01
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2022-09-09
    📄
    memorandum-articles
    incorporation · MA
  13. 2022-09-06
    📄
    memorandum-articles
    incorporation · MA
  14. 2022-09-06
    📄
    capital-variation-of-rights-attached-to-shares
    capital · SH10
  15. 2022-09-06
    📄
    capital-name-of-class-of-shares
    capital · SH08
  16. 2022-09-06
    📄
    capital-alter-shares-subdivision
    capital · SH02
  17. 2022-09-06
    📄
    resolution
    resolution · RESOLUTIONS
  18. 2022-09-06
    📄
    resolution
    resolution · RESOLUTIONS
  19. 2022-09-01
    📄
    capital-alter-shares-subdivision
    capital · SH02
  20. 2022-08-24
    📄
    memorandum-articles
    incorporation · MA
  21. 2022-08-24
    📄
    capital-name-of-class-of-shares
    capital · SH08
  22. 2022-08-24
    📄
    capital-variation-of-rights-attached-to-shares
    capital · SH10
  23. 2012-05-03
    ➖
    MILLAR, John resigned
    secretary
  24. 2009-10-01
    ➕
    MILLAR, Clare Elisabeth appointed
    secretary
  25. 2009-10-01
    ➕
    MILLAR, Clare Elisabeth appointed
    director
  26. 2009-01-01
    ➕
    MILLAR, John appointed
    secretary
  27. 2008-12-31
    ➖
    MILLAR, Clare Elisabeth resigned
    secretary
  28. 2006-05-31
    ➕
    MILLAR, Clare Elisabeth appointed
    secretary
  29. 2006-05-31
    ➖
    3RD OPTION (SECRETARIES) LIMITED resigned
    corporate-secretary
  30. 2006-05-02
    🏢
    Company incorporated
    As BRIGHTWIRE TECHNOLOGY SERVICES LIMITED
  31. 2006-05-02
    ➕
    MILLAR, Colin Charles appointed
    director
  32. 2006-05-02
    ➕
    3RD OPTION (SECRETARIES) LIMITED appointed
    corporate-secretary

Owner dependency

76/100
High — earn-out structure required

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

FACTORS
  • +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.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

59/100
Strong succession signal

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

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondary12+ year tenure: Director in role 20 years.
  • 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

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

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Colin Charles Millar
Individual · British · DOB 03/1972 · age 54
25–50%
—25-50% shares06/04/2016
Mrs Clare Elisabeth Millar
Individual · British · DOB 08/1975 · age 51
25–50%
—25-50% shares06/04/2016

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

6 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
Incorporated2006-05-02
Jurisdictionscotland
Primary SIC62012 — Business and domestic software development

Registered office

5 High Street
Peebles
EH45 8AG
Scotland

Filing status

Accounts
Next due: 2027-02-28
Last made up to: 2025-05-31
Confirmation statement
Next due: 2026-05-16
Last: 2025-05-02

Officers (3 active · 3 resigned)

MILLAR, Clare Elisabeth→
secretary · appointed 2009-10-01
View their other companies + combined net worth →
Active
MILLAR, Clare Elisabeth→
director · ~51y · appointed 2009-10-01
View their other companies + combined net worth →
Active
MILLAR, Colin Charles→
director · ~54y · appointed 2006-05-02
View their other companies + combined net worth →
Active
MILLAR, Clare Elisabeth→
secretary · appointed 2006-05-31 · resigned 2008-12-31
Resigned
MILLAR, John→
secretary · appointed 2009-01-01 · resigned 2012-05-03
Resigned
3RD OPTION (SECRETARIES) LIMITED→
corporate-secretary · appointed 2006-05-02 · resigned 2006-05-31
Resigned

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

Recent filings (71 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-02-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-05-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-12
change-account-reference-date-company-previous-shortened
accounts · AA01
2025-02-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-03-28
confirmation-statement-with-updates
confirmation-statement · CS01
2023-05-22
capital-alter-shares-subdivision
capital · SH02
2023-05-11
capital-variation-of-rights-attached-to-shares
capital · SH10
2023-05-11
memorandum-articles
incorporation · MA
2023-05-11
capital-name-of-class-of-shares
capital · SH08
2023-05-11
memorandum-articles
incorporation · MA
2023-05-10
resolution
resolution · RESOLUTIONS
2023-05-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-03-01
memorandum-articles
incorporation · MA
2022-09-09