VCODEX LIMITED

🌳Matureactive
SC316162 · ltd · incorporated 2007-02-08
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
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 11.0y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
—
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: Information technology consultancy activities
Sector: Information & communication
Investor take
Pursue
Active trading company with a 69-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 80/100. Strong seller-intent signal (83/100, director aged 69). Share purchase looks the cleaner deal structure. Most likely exit: strategic trade sale (73/100).

🏦

Refinance opportunity

1 live charge · oldest 11.0y

85/100
ready

Refinance conversation should be productive — structure clean and timing right.

  • · Oldest live charge is 11.0 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 15/100 — clean.

Data confidence

Overall: high (80/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
3 officers (3 active, 3 linked, 2 with DOB)
83
Ownership & PSC
1 active PSC(s) of 6 total, 6 with control declared
90
Director network
4 connected companies via shared directors
57
Filing history
65 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
82/100Exceptional
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
100
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0Mar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-03-312024-03-31
Average employees300400

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 gazette
Last 90 days
2
filings
  • • 1 gazette
  • • 1 dissolution
Last 180 days
4
filings
  • • 1 gazette
  • • 1 dissolution
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (20 events)Click to expand
  1. 2026-04-07
    📄
    gazette-notice-voluntary
    gazette · GAZ1(A)
  2. 2026-03-31
    📄
    dissolution-application-strike-off-company
    dissolution · DS01
  3. 2025-12-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2024-12-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2024-12-16
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  6. 2023-12-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2022-09-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2022-02-08
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  9. 2021-11-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2020-08-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2019-12-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2019-08-05
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  13. 2019-08-05
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  14. 2018-08-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2018-02-02
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  16. 2015-05-13
    🔒
    Charge registered #1
    Lender: Clydesdale Bank PLC
  17. 2007-02-08
    🏢
    Company incorporated
    As VCODEX LIMITED
  18. 2007-02-08
    ➕
    BALLANTYNE, Patricia appointed
    secretary
  19. 2007-02-08
    ➕
    BALLANTYNE, Patricia Helen appointed
    director
  20. 2007-02-08
    ➕
    RICHARDSON, Iain Edward, Professor appointed
    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 19 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 69 — succession pressure is live.

Succession & seller-readiness

79/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 69. Approaching typical UK retirement age — succession thinking likely.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondary12+ year tenure: Director in role 19 years.
  • secondaryStable-but-static management: Company is 19 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.)

Group structure

Vcodex Holdings (No.2) Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Vcodex Holdings (No.2) Limited
Corporate parent · holds 75-100% shares
ultimate parent
⬇
VCODEX LIMITED
This company · SC316162

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Vcodex Holdings (No.2) Limited
Corporate entity
75–100%
—75-100% shares15/11/2017
5 historic (ceased) PSCs
  • Vcodex Holdings Limitedceased 07/07/2017· 75-100% shares
  • Ms Patricia Helen Ballantyneceased 15/11/2017· 25-50% shares
  • Professor Iain Edward Richardsonceased 15/11/2017· 25-50% shares
  • Ms Patricia Helen Ballantyneceased 22/06/2017· 25-50% shares
  • Professor Iain Edward Richardsonceased 22/06/2017· 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 →

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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
Incorporated2007-02-08
Jurisdictionscotland
Primary SIC62020 — Information technology consultancy activities

Registered office

14 City Quay
Dundee
DD1 3JA
Scotland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-02-06
Last: 2026-01-23

Officers (3 active · 0 resigned)

BALLANTYNE, Patricia→
secretary · appointed 2007-02-08
View their other companies + combined net worth →
Active
BALLANTYNE, Patricia Helen→
director · ~69y · appointed 2007-02-08
View their other companies + combined net worth →
Active
RICHARDSON, Iain Edward, Professor→
director · ~58y · appointed 2007-02-08
View their other companies + combined net worth →
Active

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
Virgin Money
Clydesdale Bank PLC
A registered charge—13/05/2015—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (65 total)

gazette-notice-voluntary
gazette · GAZ1(A)
2026-04-07
dissolution-application-strike-off-company
dissolution · DS01
2026-03-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-19
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-12-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-02-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-09-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-02-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-02-08
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-02-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-11-12