IWISE2EBUSINESS LTD.

💤Zombieactive

SC380328 · ltd · incorporated 2010-06-15

Investment thesis

Zombie company — trading but stalled; unlikely mover.

Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.

Why risky: No growth signal; thin margin for error on price.

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Jun 2025

Net worth

—

book net assets

Opportunity

82/100

Exceptional

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch

What this business does

Primary activity: Business and domestic software development

Sector: Information & communication

Investor take

Pursue

Active trading company with a 70-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 85/100. Strong seller-intent signal (93/100, director aged 70). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 10.8y

30/100

under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

· Oldest live charge is 10.8 years old — likely at or near maturity.
· Two lenders — manageable, but coordination required.
· Distress signals active — lender appetite narrows.

Data confidence

Overall: high (80/100)

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

Lenders & charges

2 charges (2/2 with lender, 2/2 with type)

Directors & officers

5 officers (1 active, 5 linked, 4 with DOB)

Ownership & PSC

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

Director network

2 connected companies via shared directors

Filing history

67 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

82/100Exceptional

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

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	2025-06-30	2024-06-30

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

filing

• 1 mortgage

Last 90 days

filings

• 1 mortgage
• 1 accounts

Last 180 days

filings

• 1 mortgage
• 1 accounts
• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (32 events)Click to expand

2026-05-05
📄
mortgage-satisfy-charge-full
mortgage · MR04
2026-05-05
🔓
Charge satisfied #2
2026-03-30
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-06-03
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-01-20
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-01-20
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-08-13
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-08-13
📄
change-person-director-company-with-change-date
officers · CH01
2023-11-15
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-19
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-03-15
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-06-14
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-06-14
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2020-07-28
📄
termination-director-company-with-name-termination-date
officers · TM01
2020-06-23
📄
change-person-director-company-with-change-date
officers · CH01
2020-06-23
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2020-06-12
📄
change-person-director-company-with-change-date
officers · CH01
2020-06-12
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2020-06-12
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2020-05-04
➖
THOMAS, Beverley Ann, Mrs. resigned
director
2020-03-20
🔓
Charge satisfied #1
2020-03-18
🔒
Charge registered #2
Lender: Scottish Growth Scheme - Business Loans Scotland Debt Finance L.P.
2015-08-12
🔒
Charge registered #1
Lender: East of Scotland Investment Fund Limited
2010-07-20
➕
THOMAS, Martin Morgan appointed
director
2010-07-20
➕
THOMAS, Beverley Ann, Mrs. appointed
director
2010-06-15
🏢
Company incorporated
As IWISE2EBUSINESS LTD.
2010-06-15
➕
TRAINER, Peter appointed
secretary
2010-06-15
➖
TRAINER, Peter resigned
secretary
2010-06-15
➕
MCINTOSH, Susan appointed
director
2010-06-15
➖
MCINTOSH, Susan resigned
director
2010-06-15
➕
TRAINER, Peter appointed
director
2010-06-15
➖
TRAINER, Peter resigned
director

Owner dependency

100/100

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

+Sole director: Only one active director — all governance concentrated on one person.
+Long-tenure founder: Senior director has been in place 16 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 70 — succession pressure is live.

Succession & seller-readiness

98/100

Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS

primaryFounder aged 70+: Senior director is approximately 70 years old. Natural succession window is now.
primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
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

Name	Shares	Voting rights	Nature of control	Notified
Mr Martin Morgan Thomas Individual · British,Australian · DOB 11/1956 · age 70	25–50%	—	25-50% shares	06/04/2016

1 historic (ceased) PSC

Ms. Beverley Ann Thomasceased 20/01/2025· 25-50% shares

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

Active · Technology · EH postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
IT SOLVERS (SCOTLAND) LIMITED→ SC384584 · est 2010 · no financials extracted	—	—	—	—	15y	—	—
IT500 LTD→ SC386803 · est 2010 · no financials extracted	—	—	—	—	15y	—	—
ITELLIGENTSIA LTD.→ SC314287 · est 2007 · no financials extracted	—	—	—	—	19y	—	—
ITEMP LIMITED→ SC294163 · est 2005 · no financials extracted	—	—	—	—	20y	—	—
ITOM LAB LIMITED→ SC802500 · est 2024 · no financials extracted	—	—	—	—	2y	—	—
IVVI ASSISTANT LTD→ SC700422 · est 2021 · no financials extracted	—	—	—	—	4y	—	—
IX DESIGN UK LTD→ SC547573 · est 2016 · no financials extracted	—	—	—	—	9y	—	—
IZEROTEK LIMITED→ SC793099 · est 2023 · no financials extracted	—	—	—	—	2y	—	—
IZERTIS PROJECTING LTD→ SC366858 · est 2009 · no financials extracted	—	—	—	—	16y	—	—
JA STATPROG LIMITED→ SC600058 · est 2018 · no financials extracted	—	—	—	—	7y	—	—
JACKIE DICKSON LTD→ SC582458 · est 2017 · no financials extracted	—	—	—	—	8y	—	—
JAG MEDIA LTD→ SC620659 · est 2019 · no financials extracted	—	—	—	—	7y	—	—

Peers ranked by estimated value, then turnover, then opportunity score.See all →

🔒Tailored diligence questions

8 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

Incorporated2010-06-15

Jurisdictionscotland

Primary SIC62012 — Business and domestic software development

Registered office

32a/9 Warrender Park Terrace 32a/9 Warrender Park Terrace

Edinburgh

Midlothian

EH9 1ED

Scotland

Filing status

Accounts

Next due: 2027-03-31

Last made up to: 2025-06-30

Confirmation statement

Next due: 2027-02-03

Last: 2026-01-20

Officers (1 active · 4 resigned)

THOMAS, Martin Morgan→

director · ~70y · appointed 2010-07-20

View their other companies + combined net worth →

Active

TRAINER, Peter→

secretary · appointed 2010-06-15 · resigned 2010-06-15

Resigned

MCINTOSH, Susan→

director · ~56y · appointed 2010-06-15 · resigned 2010-06-15

Resigned

THOMAS, Beverley Ann, Mrs.→

director · ~68y · appointed 2010-07-20 · resigned 2020-05-04

Resigned

TRAINER, Peter→

director · ~74y · appointed 2010-06-15 · resigned 2010-06-15

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:2 of 2 shown

			Type	Properties
	satisfied	Scottish Growth Scheme - Business Loans Scotland Debt Finance L.P.	A registered charge	—	18/03/2020	05/05/2026
	satisfied	East of Scotland Investment Fund East of Scotland Investment Fund Limited	A registered charge	—	12/08/2015	20/03/2020

Recent filings (67 total)

mortgage-satisfy-charge-full

mortgage · MR04

2026-05-05

accounts-with-accounts-type-total-exemption-full

accounts · AA

2026-03-30

confirmation-statement-with-no-updates

confirmation-statement · CS01

2026-01-22

accounts-with-accounts-type-total-exemption-full

accounts · AA

2025-06-03

confirmation-statement-with-updates

confirmation-statement · CS01

2025-01-21

cessation-of-a-person-with-significant-control

persons-with-significant-control · PSC07

2025-01-20

change-registered-office-address-company-with-date-old-address-new-address

address · AD01

2025-01-20

confirmation-statement-with-updates

confirmation-statement · CS01

2024-08-13

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

persons-with-significant-control · PSC04

2024-08-13

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

officers · CH01

2024-08-13

accounts-with-accounts-type-total-exemption-full

accounts · AA

2023-11-15

confirmation-statement-with-updates

confirmation-statement · CS01

2023-07-18

accounts-with-accounts-type-total-exemption-full

accounts · AA

2022-12-19

confirmation-statement-with-updates

confirmation-statement · CS01

2022-06-20

accounts-with-accounts-type-total-exemption-full

accounts · AA

2022-03-15