IGTL TECHNOLOGY LTD

🌳Matureactive
SC378560 · ltd · incorporated 2010-05-14
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 Sept 2025
Net worth
£394.5k
book net assets
Opportunity
81/100
Exceptional
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What this business does
Primary activity: Other research and experimental development on natural sciences and engineering
Sector: Professional, scientific & technical
Investor take
Pursue
Asset-holding vehicle with a 65-year-old founder — textbook succession opportunity.

Opportunity 81/100 (exceptional), bankability 75/100. Strong seller-intent signal (63/100, director aged 65). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

Data confidence

Overall: high (81/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

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
8 officers (3 active, 8 linked, 6 with DOB)
85
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
65 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
81/100Exceptional
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
85
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £394,528
Cash YoY
-1%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£194k
~ YoY
Net Worth
£395k
↑ 30% YoY
Current Assets
£351k
↑ 28% YoY
Current Liabilities
—
£0£79k£158k£237k£316k£395kSept 2024Sept 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-09-302024-09-30
Total assets£394.5k£303.6k
Current assets£351.3k£275.4k
Cash£193.7k£195.4k
Debtors£157.6k£80.0k
Net assets£394.5k£303.6k

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
0
filings
Last 90 days
1
filing
  • • 1 accounts
Last 180 days
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (31 events)Click to expand
  1. 2026-03-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-06-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-05-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-10-17
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  5. 2023-10-17
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  6. 2023-08-18
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  7. 2023-08-06
    ➖
    OSWALD, Peter John resigned
    director
  8. 2023-06-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2023-04-18
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  10. 2022-10-25
    ➖
    INFINITY SECRETARIES LIMITED resigned
    corporate-secretary
  11. 2022-10-25
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  12. 2022-09-05
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  13. 2022-09-05
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  14. 2022-09-05
    📄
    capital-allotment-shares
    capital · SH01
  15. 2022-09-02
    ➕
    LOWE, Patrick Allen appointed
    director
  16. 2022-09-02
    ➖
    STACHAN, Wayne resigned
    director
  17. 2022-08-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  18. 2022-05-24
    📄
    capital-alter-shares-subdivision
    capital · SH02
  19. 2021-06-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  20. 2020-07-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  21. 2019-05-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  22. 2012-02-28
    ➕
    STACHAN, Wayne appointed
    director
  23. 2011-08-31
    ➖
    HALL MORRICE SECRETARIES LIMITED resigned
    corporate-secretary
  24. 2011-08-31
    ➕
    INFINITY SECRETARIES LIMITED appointed
    corporate-secretary
  25. 2010-08-24
    ➕
    HYMAN, Richard John appointed
    director
  26. 2010-08-24
    ➕
    LEASK, Robert Alexander appointed
    director
  27. 2010-08-24
    ➖
    COWIE, Simon Henry Dyer resigned
    director
  28. 2010-08-24
    ➕
    OSWALD, Peter John appointed
    director
  29. 2010-05-14
    🏢
    Company incorporated
    As IGTL TECHNOLOGY LTD
  30. 2010-05-14
    ➕
    HALL MORRICE SECRETARIES LIMITED appointed
    corporate-secretary
  31. 2010-05-14
    ➕
    COWIE, Simon Henry Dyer appointed
    director

Owner dependency

75/100
High — earn-out structure required

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

FACTORS
  • +Long-tenure founder: Senior director has been in place 16 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 65 — succession pressure is live.

Succession & seller-readiness

73/100
Strong succession signal

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

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 65. Approaching typical UK retirement age — succession thinking likely.
  • secondary12+ year tenure: Director in role 16 years.
  • secondaryStable-but-static management: Company is 16 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

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr Richard John Hyman
Individual · British · DOB 03/1961 · age 65
25–50%
—25-50% shares06/04/2016
2 historic (ceased) PSCs
  • Mr Peter John Oswaldceased 06/08/2023· 25-50% shares
  • Mr Wayne Wishart Fraser Strachanceased 02/09/2022· significant influence

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

Statusactive
Typeltd
Incorporated2010-05-14
Jurisdictionscotland
Primary SIC72190 — Other research and experimental development on natural sciences and engineering

Registered office

4 Broad Street
Kirkwall
KW15 1NX
Scotland

Filing status

Accounts
Next due: 2027-06-30
Last made up to: 2025-09-30
Confirmation statement
Next due: 2026-06-03
Last: 2025-05-20

Officers (3 active · 5 resigned)

HYMAN, Richard John→
director · ~65y · appointed 2010-08-24
View their other companies + combined net worth →
Active
LEASK, Robert Alexander→
director · ~61y · appointed 2010-08-24
View their other companies + combined net worth →
Active
LOWE, Patrick Allen→
director · ~64y · appointed 2022-09-02
View their other companies + combined net worth →
Active
HALL MORRICE SECRETARIES LIMITED→
corporate-secretary · appointed 2010-05-14 · resigned 2011-08-31
Resigned
INFINITY SECRETARIES LIMITED→
corporate-secretary · appointed 2011-08-31 · resigned 2022-10-25
Resigned
COWIE, Simon Henry Dyer→
director · ~53y · appointed 2010-05-14 · resigned 2010-08-24
Resigned
OSWALD, Peter John→
director · ~69y · appointed 2010-08-24 · resigned 2023-08-06
Resigned
STACHAN, Wayne→
director · ~53y · appointed 2012-02-28 · resigned 2022-09-02
Resigned

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

Recent filings (65 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-03-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-06-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-05-29
confirmation-statement-with-updates
confirmation-statement · CS01
2024-05-20
termination-director-company-with-name-termination-date
officers · TM01
2023-10-17
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-10-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-08-18
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-08-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-06-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-15
termination-secretary-company-with-name-termination-date
officers · TM02
2023-04-18
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-10-25
appoint-person-director-company-with-name-date
officers · AP01
2022-09-05
termination-director-company-with-name-termination-date
officers · TM01
2022-09-05