SYSTAL TECHNOLOGY SOLUTIONS LIMITED
- · Lifecycle stage drifting downward
- · Currently "declining"
Opportunity 78/100 (strong), bankability 67/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: strategic trade sale (73/100).
Refinance opportunity
7 live charges · 3 lenders · oldest 17.7y
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 17.7 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Legal-friction score 25/100 — workable, but lender will want more DD.
- · Not currently profitable — coverage conversation is a harder sell.
Data confidence
Overall: high (81/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.
Available from the Pro tier upwards.
See pricing →Solid opportunity signal. Worth a dedicated memo and management meeting.
Signals from accounts
Derived from iXBRL accounts · FRS 102Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Turnover | £43.89M | £69.94M |
| Gross profit | £13.83M | £13.50M |
| Operating profit | £1.32M | £1.25M |
| Profit before tax | £-548.1k | £-1.06M |
| Average employees | 27400 | 31600 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
3 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
Corporate timeline (44 events)Click to expand
- 2025-10-23📄mortgage-alter-floating-charge-with-numbermortgage · 466(Scot)
- 2025-10-21📄mortgage-alter-floating-charge-with-numbermortgage · 466(Scot)
- 2025-10-21📄mortgage-alter-floating-charge-with-numbermortgage · 466(Scot)
- 2025-09-30📄accounts-with-accounts-type-fullaccounts · AA
- 2025-09-25📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-09-25📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-09-25📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-09-25📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-09-25🔓Charge satisfied #2
- 2025-09-23📄mortgage-charge-whole-release-with-charge-numbermortgage · MR05
- 2025-09-23🔒Charge registered #6Lender: Hsbc UK Bank PLC
- 2025-09-23🔒Charge registered #5Lender: Hsbc UK Bank PLC
- 2025-09-22🔒Charge registered #7Lender: Hsbc Invoice Finance (UK) Limited
- 2024-09-12📄accounts-with-accounts-type-fullaccounts · AA
- 2023-09-29📄accounts-with-accounts-type-fullaccounts · AA
- 2023-05-23📄termination-director-company-with-name-termination-dateofficers · TM01
- 2022-09-30📄accounts-with-accounts-type-fullaccounts · AA
- 2021-12-31➖TAYLOR, Scott Allan resigneddirector
- 2021-08-26📄accounts-with-accounts-type-fullaccounts · AA
- 2021-05-21📄appoint-person-director-company-with-name-dateofficers · AP01
- 2021-05-21📄termination-director-company-with-name-termination-dateofficers · TM01
- 2021-03-03➕TAYLOR, Scott Allan appointeddirector
- 2021-03-02➖ANDERSON, John Howard resigneddirector
- 2020-07-22📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2020-07-22📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2020-07-22📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2018-06-19🔓Charge satisfied #1
- 2018-05-11🔓Charge satisfied #4
- 2018-05-11🔓Charge satisfied #3
- 2016-06-09➕ANDERSON, John Howard appointeddirector
- 2016-06-09➖RATTRAY, Craig Alexander resigneddirector
- 2015-01-07➕RATTRAY, Craig Alexander appointeddirector
- 2014-01-01➕CUMMING, Douglas appointeddirector
- 2013-09-20🔒Charge registered #4Lender: Clydesdale Bank PLC
- 2013-08-19🔒Charge registered #3Lender: Clydesdale Bank PLC
- 2012-03-06🔒Charge registered #2Lender: Clydesdale Bank PLC
- 2008-10-01🔒Charge registered #1Lender: Clydesdale Bank PLC
- 2008-08-18➖SHARKEY, Mike resignedsecretary
- 2008-08-18➖SHARKEY, Mike resigneddirector
- 2008-07-08🏢Company incorporatedAs SYSTAL TECHNOLOGY SOLUTIONS LIMITED
- 2008-07-08➕NICOLSON, Neil John appointeddirector
- 2008-07-08➕O'NEIL, Gary James appointeddirector
- 2008-07-08➕SHARKEY, Mike appointedsecretary
- 2008-07-08➕SHARKEY, Mike appointeddirector
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +Long-tenure founder: Senior director has been in place 18 years — deep operational knowledge concentrated in one person.
- +Senior director age: Director aged approximately 59 — approaching natural succession window.
Succession & seller-readiness
Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.
- secondaryFounder aged 58+: Senior director is approximately 59. Early succession window.
- 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
2 med ·Heavy recent charge activity can indicate refinancing pressure, aggressive leverage, or multiple lender rotation.
Evidence: 2025-09-23: A registered charge; 2025-09-23: A registered charge; 2025-09-22: A registered charge
Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
Systal Holdings Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
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%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Systal Holdings Limited Corporate entity | 75–100% | — | 75-100% shares | 01/07/2020 |
3 historic (ceased) PSCs
- Mr Douglas Cummingceased 01/07/2020· 25-50% shares · 25-50% voting
- Mr Neil John Nicolsonceased 01/07/2020· 25-50% shares · 25-50% voting
- Mr Gary James O'Neilceased 01/07/2020· 25-50% shares · 25-50% voting
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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9 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 (3 active · 5 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | HSBC Hsbc UK Bank PLC | A registered charge | — | 23/09/2025 | — | |
| outstanding | HSBC Hsbc UK Bank PLC | A registered charge | — | 23/09/2025 | — | |
| outstanding | HSBC Hsbc Invoice Finance (UK) Limited | A registered charge | — | 22/09/2025 | — | |
| satisfied | Virgin Money Clydesdale Bank PLC | A registered charge | 1 property | 20/09/2013 | 11/05/2018 | |
| satisfied | Virgin Money Clydesdale Bank PLC | A registered charge | 1 property | 19/08/2013 | 11/05/2018 | |
| satisfied | Virgin Money Clydesdale Bank PLC | Floating charge | 1 property | 06/03/2012 | 25/09/2025 | |
| satisfied | Virgin Money Clydesdale Bank PLC | Floating charge | 1 property | 01/10/2008 | 19/06/2018 |