LAYER SYSTEMS LIMITED

🌳Matureactive

SC379219 · ltd · incorporated 2010-05-26

Investment thesis

Established operating company — standard diligence applies, no dominant angle.

Why interesting: Live, filing, normal profile.

Why risky: No standout signals in either direction.

Opportunity decay

approaching window · 12-months

Approaching a transaction window — refinance or sale event plausible in the next 12 months.

· Oldest live charge 5.9y old — refinance window within 12 months

🔒Estimated value

—

Upgrade to see

Turnover

—

year to May 2025

Net worth

—

book net assets

Opportunity

78/100

Strong

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What this business does

Primary activity: Business and domestic software development

Sector: Information & communication

Investor take

Pursue

Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 78/100 (strong), bankability 80/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: strategic trade sale (65/100).

🏦

Refinance opportunity

1 live charge · oldest 5.9y

85/100

ready

Refinance conversation should be productive — structure clean and timing right.

· Oldest live charge is 5.9 years old — likely at or near maturity.
· Single lender — cleanest path to refinance.
· Legal-friction score 15/100 — clean.

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

Lenders & charges

1 charges (1/1 with lender, 1/1 with type)

Directors & officers

7 officers (2 active, 7 linked, 5 with DOB)

Ownership & PSC

2 active PSC(s) of 2 total, 2 with control declared

Director network

1 connected companies via shared directors

Filing history

51 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

78/100Strong

PassWatchWorth a lookStrongExceptional

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality

Active, clean filings, stable charge profile.

Acquirability

Some acquirability indicators.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

—

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

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

filings

Last 90 days

filings

• 2 officers
• 1 persons-with-significant-control

Last 180 days

filings

• 2 officers
• 1 persons-with-significant-control
• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (30 events)Click to expand

2026-03-13
📄
change-person-director-company-with-change-date
officers · CH01
2026-03-13
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-03-13
📄
change-person-director-company-with-change-date
officers · CH01
2025-09-09
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-11
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-07-21
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-09-26
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-02-21
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-05-31
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-08-04
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2020-07-24
📄
capital-allotment-shares
capital · SH01
2020-07-23
📄
resolution
resolution · RESOLUTIONS
2020-07-17
🔒
Charge registered #1
Lender: Scottish Enterprise
2019-10-21
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-02-07
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-02-04
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2018-02-28
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2013-05-01
➖
COMISKEY, Martin resigned
director
2013-05-01
➖
LIVINGSTONE, John Howie resigned
director
2011-02-28
➖
SHELF SECRETARY LIMITED resigned
corporate-secretary
2011-01-18
➕
KEWNEY, Nicholas appointed
director
2011-01-18
➖
BEVERIDGE, David Brannigan resigned
director
2011-01-18
➕
COMISKEY, Martin appointed
director
2011-01-18
➕
LIVINGSTONE, John Howie appointed
director
2011-01-18
➖
SHELF DIRECTOR LIMITED resigned
corporate-director
2010-07-21
➕
LIVINGSTONE, Michelle appointed
director
2010-05-26
🏢
Company incorporated
As LAYER SYSTEMS LIMITED
2010-05-26
➕
SHELF SECRETARY LIMITED appointed
corporate-secretary
2010-05-26
➕
BEVERIDGE, David Brannigan appointed
director
2010-05-26
➕
SHELF DIRECTOR LIMITED appointed
corporate-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 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

2 active beneficial owners

Name	Shares	Voting rights	Nature of control	Notified
Miss Michelle Livingstone Individual · British · DOB 10/1978 · age 48	—	—	sig. influencesignificant influence	06/04/2016
Mr Nicholas Kewney Individual · British · DOB 08/1982 · age 44	—	—	sig. influencesignificant influence	06/04/2016

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 →

Similar companies

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BIP SOLUTIONS LIMITED→ SC086146 · est 1984	£10.24M £7.31M–£13.17M	—	—	137	42y	83	79y
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ANGEL EYE MEDIA LIMITED→ SC268652 · est 2004	—	—	—	500	21y	83	61y
APERTA LIMITED→ SC136758 · est 1992	—	—	£13.46M	—	34y	83	75y
CALEDONIA TV PRODUCTIONS LTD.→ SC141667 · est 1992	—	—	£451.3k	—	33y	83	77y
CRAB APPLE FILMS LIMITED→ SC242643 · est 2003	—	—	—	200	23y	83	64y
CUE AND REVIEW RECORDING SERVICE LIMITED→ SC129748 · est 1991 · no financials extracted	—	—	—	—	35y	83	78y
E-MAX SYSTEMS LIMITED→ SC189614 · est 1998	—	—	£290.8k	—	27y	83	76y
ELASTIC CREATIVE LTD.→ SC203930 · est 2000	—	—	£20.1k	—	26y	83	58y
EURITEC LIMITED→ SC132746 · est 1991	—	—	£2.4k	—	34y	83	77y
EURO SYSTEMS (SCOTLAND) LIMITED→ SC360587 · est 2009 · no financials extracted	—	—	—	—	16y	83	67y

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.

See pricing →

Company details

Statusactive

Typeltd

Incorporated2010-05-26

Jurisdictionscotland

Primary SIC62012 — Business and domestic software development

Registered office

16 Mcphater Street

Ground Floor, Orient Building

Glasgow

G4 0HW

Scotland

Filing status

Accounts

Next due: 2027-02-28

Last made up to: 2025-05-31

Confirmation statement

Next due: 2027-02-12

Last: 2026-01-29

Officers (2 active · 5 resigned)

KEWNEY, Nicholas→

director · ~44y · appointed 2011-01-18

View their other companies + combined net worth →

Active

LIVINGSTONE, Michelle→

director · ~48y · appointed 2010-07-21

View their other companies + combined net worth →

Active

SHELF SECRETARY LIMITED→

corporate-secretary · appointed 2010-05-26 · resigned 2011-02-28

Resigned

BEVERIDGE, David Brannigan→

director · ~52y · appointed 2010-05-26 · resigned 2011-01-18

Resigned

COMISKEY, Martin→

director · ~53y · appointed 2011-01-18 · resigned 2013-05-01

Resigned

LIVINGSTONE, John Howie→

director · ~69y · appointed 2011-01-18 · resigned 2013-05-01

Resigned

SHELF DIRECTOR LIMITED→

corporate-director · appointed 2010-05-26 · resigned 2011-01-18

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:1 of 1 shown

			Type	Properties
	outstanding	Scottish Enterprise	A registered charge	—	17/07/2020	—

Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (51 total)

change-person-director-company-with-change-date

officers · CH01

2026-03-13

change-to-a-person-with-significant-control

persons-with-significant-control · PSC04

2026-03-13

change-person-director-company-with-change-date

officers · CH01

2026-03-13

confirmation-statement-with-no-updates

confirmation-statement · CS01

2026-02-12