THEIA-NG LIMITED

⚰️Wound downdissolved
SC361671 · ltd · incorporated 2009-06-24
Investment thesis
Company dissolved — not a live target.
Why interesting: Historical record only; useful for precedent research.
Why risky: Not transactable.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2017
Net worth
£-770
book net assets
Opportunity
59/100
Worth a look
🔔
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What this business does
Primary activity: Other information technology service activities
Sector: Information & communication
Investor take
Pass (distressed without resilience)
Distressed unclear — structural issues outweigh the discount.

Opportunity 59/100 (worth a look), bankability 70/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: Company dissolved. Company has been dissolved — it no longer legally exists. Any diligence here is historical only. Most likely exit: strategic trade sale (65/100).

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, 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
6 officers (2 active, 6 linked, 4 with DOB)
83
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
38 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
59/100Worth a look
PassWatchWorth a lookStrongExceptional 

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality
30
Concerning — overdue filings or status flags present.
Acquirability
65
Some acquirability indicators.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Negative net assets
Liabilities exceed assets by £770
Cash YoY
+17%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£922
↑ 17% YoY
Net Worth
-£770
↑ 83% YoY
Current Assets
£1k
↑ 4.4% YoY
Current Liabilities
—
-£5k-£3k-£2k-£1k-£87£1kDec 2016Dec 2017

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2017-12-312016-12-31
Total assets£-770£709
Current assets£1.0k£979
Cash£922£787
Debtors£100£192
Net assets£-770£-4.5k

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
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (35 events)Click to expand
  1. 2019-07-30
    📄
    gazette-dissolved-voluntary
    gazette · GAZ2(A)
  2. 2019-07-30
    🏁
    Company dissolved
  3. 2019-05-14
    📄
    gazette-notice-voluntary
    gazette · GAZ1(A)
  4. 2019-05-07
    📄
    dissolution-application-strike-off-company
    dissolution · DS01
  5. 2018-09-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2017-09-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2017-07-21
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  8. 2017-07-21
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  9. 2016-09-28
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  10. 2016-07-21
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  11. 2015-09-01
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  12. 2015-07-21
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  13. 2014-09-25
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  14. 2014-07-25
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  15. 2013-10-17
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2013-09-04
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  17. 2013-01-22
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  18. 2012-12-21
    📄
    change-account-reference-date-company-current-shortened
    accounts · AA01
  19. 2012-09-05
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  20. 2012-04-30
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  21. 2011-09-05
    📄
    change-account-reference-date-company-previous-extended
    accounts · AA01
  22. 2011-07-07
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  23. 2011-03-02
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  24. 2010-11-08
    📄
    capital-allotment-shares
    capital · SH01
  25. 2010-10-18
    ➕
    NICOLSON, Neil John appointed
    director
  26. 2010-10-18
    ➕
    O'NEIL, Gary James appointed
    director
  27. 2010-10-18
    ➖
    GRAHAM SECRETARIES LIMITED resigned
    corporate-secretary
  28. 2010-10-18
    ➖
    ANDERSON, John Howard resigned
    director
  29. 2009-06-24
    🏢
    Company incorporated
    As THEIA-NG LIMITED
  30. 2009-06-24
    ➕
    BRIAN REID LTD. appointed
    corporate-secretary
  31. 2009-06-24
    ➖
    BRIAN REID LTD. resigned
    corporate-secretary
  32. 2009-06-24
    ➕
    GRAHAM SECRETARIES LIMITED appointed
    corporate-secretary
  33. 2009-06-24
    ➕
    ANDERSON, John Howard appointed
    director
  34. 2009-06-24
    ➕
    MABBOTT, Stephen George appointed
    director
  35. 2009-06-24
    ➖
    MABBOTT, Stephen George resigned
    director

Owner dependency

68/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

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 16 years — deep operational knowledge concentrated in one person.

Succession & seller-readiness

59/100
Strong succession signal

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

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondary12+ year tenure: Director in role 16 years.
  • secondaryStable-but-static management: Company is 17 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

1 high ·
Company dissolved
high

Company has been dissolved — it no longer legally exists. Any diligence here is historical only.

Evidence: Dissolved on 2019-07-30

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Neil John Nicolson
Individual · British · DOB 12/1977 · age 49
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016
Mr Gary James O'Neil
Individual · British · DOB 11/1980 · age 46
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016

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

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

Statusdissolved
Typeltd
Incorporated2009-06-24
Jurisdictionscotland
Primary SIC62090 — Other information technology service activities

Registered office

C/O Citypoint 2
25 Tyndrum Street
Glasgow
G4 0JY

Filing status

Accounts
Next due: —
Last made up to: 2017-12-31
Confirmation statement
Next due: —
Last: —

Officers (0 active · 4 resigned)

NICOLSON, Neil John→
director · ~49y · appointed 2010-10-18
View their other companies + combined net worth →
Active
O'NEIL, Gary James→
director · ~46y · appointed 2010-10-18
View their other companies + combined net worth →
Active
BRIAN REID LTD.→
corporate-secretary · appointed 2009-06-24 · resigned 2009-06-24
Resigned
GRAHAM SECRETARIES LIMITED→
corporate-secretary · appointed 2009-06-24 · resigned 2010-10-18
Resigned
ANDERSON, John Howard→
director · ~78y · appointed 2009-06-24 · resigned 2010-10-18
Resigned
MABBOTT, Stephen George→
director · ~76y · appointed 2009-06-24 · resigned 2009-06-24
Resigned

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

Recent filings (38 total)

gazette-dissolved-voluntary
gazette · GAZ2(A)
2019-07-30
gazette-notice-voluntary
gazette · GAZ1(A)
2019-05-14
dissolution-application-strike-off-company
dissolution · DS01
2019-05-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-09-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2018-08-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2017-09-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2017-07-21
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2017-07-21
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2017-07-21
accounts-with-accounts-type-total-exemption-small
accounts · AA
2016-09-28
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2016-07-21
accounts-with-accounts-type-total-exemption-small
accounts · AA
2015-09-01
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2015-07-21
accounts-with-accounts-type-total-exemption-small
accounts · AA
2014-09-25
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2014-07-25