UPSTREAM IT LIMITED
- · Thesis: well-run, low negotiation leverage
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 (65/100).
Data confidence
Overall: medium (78/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-10-31 | 2023-10-31 |
|---|
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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
- • 1 confirmation-statement
Corporate timeline (28 events)Click to expand
- 2025-03-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-04-05📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-10-11📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2023-07-04📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-06-25📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-03-22📍change-sail-address-company-with-old-address-new-addressaddress · AD02
- 2021-03-03📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-05-13📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-04-23📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-01-08📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2018-04-11📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2016-12-29📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2016-04-13📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2016-04-13📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2016-04-13📍change-sail-address-company-with-old-address-new-addressaddress · AD02
- 2014-03-18➖BROWN, John Derek resignedsecretary
- 2014-03-10➕DODD, William appointeddirector
- 2014-03-10➖DODD, Terrance William resigneddirector
- 2006-12-21➕BROWN, John Derek appointedsecretary
- 2006-12-21➖CCW SECRETARIES LIMITED resignedcorporate-secretary
- 2006-12-21➖DODD, William Mitchell resigneddirector
- 2006-10-31➕DODD, Terrance William appointeddirector
- 2006-10-27🏢Company incorporatedAs UPSTREAM IT LIMITED
- 2006-10-27➕COWAN, Steven Ronald appointeddirector
- 2006-10-27➕CCW SECRETARIES LIMITED appointedcorporate-secretary
- 2006-10-27➕OSWALDS OF EDINBURGH LIMITED appointedcorporate-nominee-secretary
- 2006-10-27➖OSWALDS OF EDINBURGH LIMITED resignedcorporate-nominee-secretary
- 2006-10-27➕DODD, William Mitchell appointeddirector
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +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.
Succession & seller-readiness
Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.
- 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
cleanShareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Steven Ronald Cowan Individual · British · DOB 03/1978 · age 48 | — | — | sig. influencesignificant influence | 01/10/2016 |
Mr William Dodd Individual · British · DOB 01/1969 · age 57 | — | — | sig. influencesignificant influence | 01/10/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
See pricing →Similar companies
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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 →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
Registered office
Filing status
Officers (2 active · 5 resigned)
Click a director name to see their full track record across all companies.