THOUGHTPROCESS LIMITED

💤Zombieactive
SC333856 · ltd · incorporated 2007-11-13
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 Nov 2024
Net worth
£103.6k
book net assets
Opportunity
75/100
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: Business and domestic software development
Sector: Information & communication
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 75/100 (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 (76/100)

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
3 officers (2 active, 3 linked, 2 with DOB)
83
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
45 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
75/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
60
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Positive net assets
Net assets £103,596

Key financials

2 years extracted from filed iXBRL accounts
Cash
£87k
Net Worth
£104k
Current Assets
£111k
Current Liabilities
—
£0£22k£44k£67k£89k£111kNov 2023Nov 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-11-302023-11-30
Total assets£103.6k—
Current assets£111.0k—
Cash£87.1k—
Debtors£23.9k—
Net assets£103.6k—
Average employees—200

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

🔒Filing-note intelligence

2 signals 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 officers
Last 180 days
1
filing
  • • 1 officers
Counts from Companies House filing history.
Corporate timeline (20 events)Click to expand
  1. 2026-02-25
    📄
    change-person-director-company-with-change-date
    officers · CH01
  2. 2025-07-31
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  3. 2024-02-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-05-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2022-08-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2021-08-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2020-08-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2019-08-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2018-08-22
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2017-08-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2016-08-31
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  12. 2015-12-09
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  13. 2015-08-31
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  14. 2014-11-24
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  15. 2014-08-21
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2008-07-01
    ➖
    LATTO, Angela Kathryn resigned
    director
  17. 2007-11-13
    🏢
    Company incorporated
    As THOUGHTPROCESS LIMITED
  18. 2007-11-13
    ➕
    LATTO, Angela Kathryn appointed
    secretary
  19. 2007-11-13
    ➕
    LATTO, Keith Robert Alston appointed
    director
  20. 2007-11-13
    ➕
    LATTO, Angela Kathryn appointed
    director

Owner dependency

85/100
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
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +Long-tenure founder: Senior director has been in place 19 years — deep operational knowledge concentrated in one person.

Succession & seller-readiness

68/100
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.
  • 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.)

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Keith Robert Alston Latto
Individual · Scottish · DOB 02/1969 · age 57
25–50%
—25-50% shares06/04/2016
Mrs Angela Kathryn Latto
Individual · British · DOB 03/1973 · age 53
25–50%
—25-50% shares06/04/2016

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

Similar companies

Active · Technology · EH postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
THERAPY MADE SIMPLE LTD→
SC858283 · est 2025 · no financials extracted
———————
THIRD PLATFORM TECHNOLOGIES LTD→
SC629618 · est 2019 · no financials extracted
————6y——
THUS GROUP HOLDINGS LIMITED→
SC192666 · est 1999 · no financials extracted
————27y——
TIALIS ESSENTIAL IT PLC→
SC368538 · est 2009 · no financials extracted
————16y——
TIGRIS CONSULTING LIMITED→
SC427278 · est 2012 · no financials extracted
————13y——
TIXSKI LTD→
SC824048 · est 2024 · no financials extracted
————1y——
TMF TRADING LTD→
SC787839 · est 2023 · no financials extracted
————2y——
TNS SOFTWARE GROUP LTD→
SC767671 · est 2023 · no financials extracted
————2y——
TOM COOMBS CONSULTING LIMITED→
SC626249 · est 2019 · no financials extracted
————7y——
TOTALLYTEXTURES LIMITED→
SC325323 · est 2007 · no financials extracted
————18y——
TOTANO LIMITED→
SC563327 · est 2017 · no financials extracted
————9y——
TOURGUI LTD→
SC795245 · est 2024 · no financials extracted
————2y——
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
Incorporated2007-11-13
Jurisdictionscotland
Primary SIC62012 — Business and domestic software development

Registered office

3 Tranter Road
Aberlady
Longniddry
East Lothian
EH32 0UE

Filing status

Accounts
Next due: 2026-08-31
Last made up to: 2024-11-30
Confirmation statement
Next due: 2026-11-27
Last: 2025-11-13

Officers (2 active · 1 resigned)

LATTO, Angela Kathryn→
secretary · appointed 2007-11-13
View their other companies + combined net worth →
Active
LATTO, Keith Robert Alston→
director · ~57y · appointed 2007-11-13
View their other companies + combined net worth →
Active
LATTO, Angela Kathryn→
director · ~53y · appointed 2007-11-13 · resigned 2008-07-01
Resigned

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

Recent filings (45 total)

change-person-director-company-with-change-date
officers · CH01
2026-02-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-13
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-07-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-11-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-02-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-05-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-08-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-11-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-08-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-01-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-08-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-11-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-08-30