SOLUTIONS DEVELOPED LIMITED
💤Zombieactive
SC337953 · ltd · incorporated 2008-02-15
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 Mar 2025
Net worth
—
book net assets
Opportunity
82/100
Exceptional
What this business does
Primary activity: Information technology consultancy activities
Sector: Information & communication
Investor take
PursueActive trading company with a 68-year-old founder — textbook succession opportunity.
Opportunity 82/100 (exceptional), bankability 80/100. Strong seller-intent signal (83/100, director aged 68). 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: share sale to pe / searcher (73/100).
🏦
Refinance opportunity
1 live charge · oldest 11.2y
45/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 11.2 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (78/100)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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
4 officers (1 active, 4 linked, 3 with DOB)
85
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
50 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 accountsCash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Average employees | 400 | 400 |
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 confirmation-statement
Last 180 days
2
filings
- • 1 confirmation-statement
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (24 events)Click to expand
- 2025-12-22📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2024-12-09📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2024-03-19📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2024-03-19📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2024-03-19📄withdrawal-of-a-person-with-significant-control-statementpersons-with-significant-control · PSC09
- 2023-09-19📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-08-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-08-02📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-03-31📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-11-13📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-10-17📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2018-03-30➖WADDELL, Emma Theresa Catignani resigneddirector
- 2018-03-30📄termination-director-company-with-name-termination-dateofficers · TM01
- 2017-12-12📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2017-07-10➖CATIGNANI, Anna Maria resignedsecretary
- 2017-07-10📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2016-07-06📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2015-05-26➕WADDELL, Emma Theresa Catignani appointeddirector
- 2015-02-13🔒Charge registered #1Lender: Clydesdale Bank PLC
- 2014-09-08➖CATIGNANI WADDELL, Emma Theresa resigneddirector
- 2011-05-11➕CATIGNANI WADDELL, Emma Theresa appointeddirector
- 2008-02-15🏢Company incorporatedAs SOLUTIONS DEVELOPED LIMITED
- 2008-02-15➕CATIGNANI, Michael appointeddirector
- 2008-02-15➕CATIGNANI, Anna Maria appointedsecretary
Owner dependency
100/100
Critical — business is the founderThe 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 18 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 68 — succession pressure is live.
Succession & seller-readiness
88/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 63+: Senior director is approximately 68. Approaching typical UK retirement age — succession thinking likely.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- secondary12+ year tenure: Director in role 18 years.
- secondaryStable-but-static management: Company is 18 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
cleanNo 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| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Michael Remo Catignani Individual · British · DOB 02/1958 · age 68 | 50–75% | — | 50-75% shares | 16/02/2023 |
Mrs Anna Catignani Individual · British · DOB 07/1957 · age 69 | 25–50% | — | 25-50% shares | 16/02/2023 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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|---|---|---|---|---|---|---|---|
| LOCAL PUBLISHING (FIFE) LIMITED→ SC255564 · est 2003 · no financials extracted | — | — | — | — | 22y | — | — |
| MANUTECH CONSULTING LIMITED→ SC828220 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| OWLSOFT SOLUTIONS LIMITED→ SC544788 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| RAITH SOFTWARE LIMITED→ SC855772 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| REACTOR X LTD→ SC806801 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| ROCK THE BOAT MUSIC GROUP LTD→ SC664445 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| SEA SPIDER LIMITED→ SC600004 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| SIRIUS TV PRODUCTIONS LTD→ SC373530 · est 2010 · no financials extracted | — | — | — | — | 16y | — | — |
| SOFTWARE FOUNDATION LIMITED→ SC119270 · est 1989 · no financials extracted | — | — | — | — | 36y | — | — |
| SPPUG LTD→ SC766387 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| SQUARE GO FILM PRODUCTIONS LTD→ SC783331 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| SRS TELECOM LIMITED→ SC155323 · est 1995 · no financials extracted | — | — | — | — | 31y | — | — |
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
Statusactive
Typeltd
Incorporated2008-02-15
Jurisdictionscotland
Primary SIC62020 — Information technology consultancy activities
Registered office
11 Main Street
Thornton
KY1 4AF
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-03-01
Last: 2026-02-15
Officers (1 active · 3 resigned)
CATIGNANI, Michael→
Activedirector · ~68y · appointed 2008-02-15
View their other companies + combined net worth →
CATIGNANI, Anna Maria→
Resignedsecretary · appointed 2008-02-15 · resigned 2017-07-10
CATIGNANI WADDELL, Emma Theresa→
Resigneddirector · ~40y · appointed 2011-05-11 · resigned 2014-09-08
WADDELL, Emma Theresa Catignani→
Resigneddirector · ~40y · appointed 2015-05-26 · resigned 2018-03-30
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
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Virgin Money Clydesdale Bank PLC | A registered charge | — | 13/02/2015 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (50 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-02-23
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-12-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-05
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-12-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-19
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-03-19
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-03-19
withdrawal-of-a-person-with-significant-control-statement
persons-with-significant-control · PSC09
2024-03-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-04-27
accounts-with-accounts-type-micro-entity
accounts · AA
2022-08-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-02-17
accounts-with-accounts-type-micro-entity
accounts · AA
2021-08-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-04-21
accounts-with-accounts-type-micro-entity
accounts · AA
2021-03-31