TULLITEC LIMITED

🌳Matureactive
SC345151 · ltd · incorporated 2008-07-01
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 Jul 2025
Net worth
—
book net assets
Opportunity
80/100
Exceptional
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What this business does
Primary activity: Other information technology service activities
Sector: Information & communication
Investor take
Pursue
Active trading company with a 60-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (70/100, director aged 60). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (73/100).

Data confidence

Overall: medium (79/100)

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
2 officers (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
40 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
80/100Exceptional
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
90
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£0Jul 2024Jul 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-07-312024-07-31
Average employees4400

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 accounts
Last 90 days
1
filing
  • • 1 accounts
Last 180 days
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (18 events)Click to expand
  1. 2026-04-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-05-08
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  3. 2025-05-08
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  4. 2025-04-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2024-04-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2023-04-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2022-04-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2021-04-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2020-04-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2019-04-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2018-04-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2017-06-12
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  13. 2017-04-20
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  14. 2016-05-03
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2015-07-06
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  16. 2008-07-01
    🏢
    Company incorporated
    As TULLITEC LIMITED
  17. 2008-07-01
    ➕
    DUNDEE, George Frederick appointed
    director
  18. 2008-07-01
    ➕
    DUNDEE, Joan Macdonald appointed
    director

Owner dependency

89/100
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 18 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 60 — approaching natural succession window.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
  • +No director turnover: Company is 18 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

69/100
Strong succession signal

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

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 60. Early succession window.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • 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

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
Mrs Joan Macdonald Dundee
Individual · British · DOB 04/1967 · age 59
25–50%
25–50%board control25-50% shares · 25-50% voting · board control08/05/2025
Mr George Frederick Dundee
Individual · British · DOB 08/1966 · age 60
25–50%
25–50%board control25-50% shares · 25-50% voting · board control · firm interest01/07/2016

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

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.

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Company details

Statusactive
Typeltd
Incorporated2008-07-01
Jurisdictionscotland
Primary SIC62090 — Other information technology service activities

Registered office

Henderson Loggie, The Vision Building
20 Greenmarket
Dundee
Tayside
DD1 4QB
Scotland

Filing status

Accounts
Next due: 2027-04-30
Last made up to: 2025-07-31
Confirmation statement
Next due: 2026-07-15
Last: 2025-07-01

Officers (2 active · 0 resigned)

DUNDEE, George Frederick→
director · ~60y · appointed 2008-07-01
View their other companies + combined net worth →
Active
DUNDEE, Joan Macdonald→
director · ~59y · appointed 2008-07-01
View their other companies + combined net worth →
Active

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

Recent filings (40 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-04-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-15
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2025-05-08
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-05-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-04-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-04-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-07-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-04-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-07-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-04-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-07-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-04-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-07-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-04-30