ORKNEYIT LIMITED

🌳Matureactive

SC359732 · ltd · incorporated 2009-05-15

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 May 2025

Net worth

£4.9k

book net assets

Opportunity

80/100

Exceptional

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What this business does

Primary activity: Business and domestic software development

Sector: Information & communication

ALSO REGISTERED FOR

82110Combined office administrative service activities

Investor take

Pursue

Asset-holding vehicle with a 67-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (83/100, director aged 67). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (73/100).

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, 2 SIC codes, incorporation date

100

Financials

2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed

Lenders & charges

Confirmed no charges registered

Directors & officers

2 officers (2 active, 2 linked, 2 with DOB)

Ownership & PSC

1 active PSC(s) of 1 total, 1 with control declared

Director network

Network not yet resolved

Filing history

36 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

80/100Exceptional

PassWatchWorth a lookStrongExceptional

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared

Positive net assets

Net assets £4,936

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

£5k

↑ 69% YoY

Current Assets

—

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2025-05-31	2024-05-31
Total assets	£4.9k	£2.9k
Net assets	£4.9k	£2.9k

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

Recent activity

Last 30 days

filings

• 1 officers
• 1 confirmation-statement

Last 90 days

filings

• 1 officers
• 1 confirmation-statement

Last 180 days

filings

• 1 officers
• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (18 events)Click to expand

2026-05-16
📄
appoint-person-director-company-with-name-date
officers · AP01
2026-05-10
➕
NEEDHAM, John Andrew appointed
director
2025-10-21
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2024-11-26
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2023-12-05
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2022-11-17
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2021-09-04
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2020-09-06
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2019-09-09
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2018-08-29
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2017-09-15
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2016-09-02
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2016-06-08
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2015-08-10
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2015-05-15
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2014-09-15
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2009-05-15
🏢
Company incorporated
As ORKNEYIT LIMITED
2009-05-15
➕
NEEDHAM, Krista Anne appointed
director

Owner dependency

96/100

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 17 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 67 — succession pressure is live.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
+No director turnover: Company is 17 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

primaryFounder aged 63+: Senior director is approximately 67. 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 17 years.
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

1 active beneficial owner · dominant holder ≥75%

Name	Shares	Voting rights	Nature of control	Notified
Mrs Krista Needham Individual · British · DOB 07/1968 · age 58	75–100%	—	75-100% shares	15/05/2016

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

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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.

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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.

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Company details

Statusactive

Typeltd

Incorporated2009-05-15

Jurisdictionscotland

Primary SIC62012 — Business and domestic software development

Registered office

Nona House The Trance

Off Front Road

St Margarets Hope

Orkney

KW17 2SL

Filing status

Accounts

Next due: 2027-02-28

Last made up to: 2025-05-31

Confirmation statement

Next due: 2027-05-29

Last: 2026-05-15

Officers (2 active · 0 resigned)

NEEDHAM, John Andrew→

director · ~67y · appointed 2026-05-10

View their other companies + combined net worth →

Active

NEEDHAM, Krista Anne→

director · ~58y · appointed 2009-05-15

View their other companies + combined net worth →

Active

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

Recent filings (36 total)

appoint-person-director-company-with-name-date

officers · AP01

2026-05-16

confirmation-statement-with-no-updates

confirmation-statement · CS01

2026-05-15