ROUTEWARE HOLDINGS LIMITED
🌳Matureactive
SC395396 · ltd · incorporated 2011-03-14
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.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2023
Net worth
£1.56M
book net assets
Opportunity
75/100
Strong
What this business does
Primary activity: Activities of other holding companies n.e.c.
Sector: Financial & insurance
Investor take
PursueAsset-holding vehicle with a 65-year-old founder — textbook succession opportunity.
Opportunity 75/100 (strong), bankability 77/100. Strong seller-intent signal (78/100, director aged 65). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (73/100).
🏦
Refinance opportunity
6 live charges · 3 lenders · oldest 7.2y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 7.2 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Legal-friction score 33/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (73/100)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
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
6 charges (6/6 with lender, 6/6 with type)
90
Directors & officers
14 officers (2 active, 14 linked, 14 with DOB)
90
Ownership & PSC
0 active PSC(s) of 3 total, 3 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
105 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation
Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.
Available from the Pro tier upwards.
See pricing →Opportunity Score
75/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
69
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £1,556,445
Key financials
1 year extracted from filed iXBRL accountsCash
£388
Net Worth
£1.6m
Current Assets
£1.4m
Current Liabilities
—
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2023-12-31 |
|---|---|
| Total assets | £1.56M |
| Current assets | £1.39M |
| Cash | £388 |
| Debtors | £1.39M |
| Net assets | £1.56M |
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
3
filings
- • 3 officers
Last 90 days
3
filings
- • 3 officers
Last 180 days
3
filings
- • 3 officers
Counts from Companies House filing history.
Corporate timeline (60 events)Click to expand
- 2026-04-14📄termination-director-company-with-name-termination-dateofficers · TM01
- 2026-04-14📄termination-director-company-with-name-termination-dateofficers · TM01
- 2026-04-09📄appoint-person-director-company-with-name-dateofficers · AP01
- 2026-03-28➕COLLINS, Jeremy appointeddirector
- 2025-10-08📄accounts-with-accounts-type-dormantaccounts · AA
- 2025-10-01➖RAFALOWSKI, Paul resigneddirector
- 2025-07-10➖FORSYTH, James Malcolm resigneddirector
- 2024-10-01📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-01-11📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-07-21📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-07-21📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-07-21📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-07-21📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-07-21📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-07-21📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-07-12➕DAHLTORP, Timothy John appointeddirector
- 2023-07-12➖CANO II, Ronald resigneddirector
- 2023-07-12➖JOHNSON, William resigneddirector
- 2023-07-12➖MALIK, Rajiv Neil resigneddirector
- 2023-07-12➖MALONE, Thomas Mark resigneddirector
- 2023-07-12➕RAFALOWSKI, Paul appointeddirector
- 2023-06-13📄change-person-director-company-with-change-dateofficers · CH01
- 2023-05-31✏️certificate-change-of-name-companychange-of-name · CERTNM
- 2022-09-29📄accounts-with-accounts-type-dormantaccounts · AA
- 2022-04-08📄appoint-person-director-company-with-name-dateofficers · AP01
- 2022-04-08📄appoint-person-director-company-with-name-dateofficers · AP01
- 2022-04-06➕FORSYTH, James Malcolm appointeddirector
- 2022-04-06➕MALONE, Thomas Mark appointeddirector
- 2022-03-04📄termination-director-company-with-name-termination-dateofficers · TM01
- 2022-03-04📄termination-director-company-with-name-termination-dateofficers · TM01
- 2022-03-03📄termination-director-company-with-name-termination-dateofficers · TM01
- 2022-03-03📄termination-director-company-with-name-termination-dateofficers · TM01
- 2022-02-28➕CANO II, Ronald appointeddirector
- 2022-02-28➖DAVIS, Stephen James resigneddirector
- 2022-02-28➖FORSYTH, James Malcolm resigneddirector
- 2022-02-28➕JOHNSON, William appointeddirector
- 2022-02-28➕MALIK, Rajiv Neil appointeddirector
- 2022-02-28➖MALONE, Thomas Mark resigneddirector
- 2022-02-28➖MCDONALD, Matthew Ian resigneddirector
- 2021-11-02🔓Charge satisfied #6
- 2021-11-02🔓Charge satisfied #5
- 2021-11-02🔓Charge satisfied #4
- 2021-11-02🔓Charge satisfied #3
- 2021-11-02🔓Charge satisfied #2
- 2020-04-06🔒Charge registered #6Lender: Fidus Investment Corporation
- 2020-04-06🔒Charge registered #5Lender: Fidus Investment Corporation
- 2020-04-06🔒Charge registered #4Lender: Fidus Investment Corporation
- 2020-04-06🔒Charge registered #3Lender: Fidus Investment Corporation
- 2020-03-10🔓Charge satisfied #1
- 2020-02-07🔒Charge registered #2Lender: Fidus Investment Corporation as Collateral Agent
Showing most recent 50 of 60 events
Owner dependency
73/100
High — earn-out structure requiredMaterial 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.
- +Founder age: Director aged approximately 65 — succession pressure is live.
Succession & seller-readiness
56/100
Strong succession signalMultiple 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.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
Red flags
2 med ·2 director resignations in last 12 months
mediumMultiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.
Evidence: FORSYTH, James Malcolm resigned 2025-07-10; RAFALOWSKI, Paul resigned 2025-10-01
Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
🔒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 · Holding company · EH postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| RCI TRADINGCO 2 LIMITED→ SC731637 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| RETRO VENTURES HOLDING LTD→ SC838304 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| RIDG PROJECTS LTD→ SC605061 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| ROSS HUNTER (HOLDINGS) LIMITED→ SC547075 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| SAAFIR 03 LTD.→ SC490690 · est 2014 · no financials extracted | — | — | — | — | 11y | — | — |
| SAINT MAARTEN TITLE LIMITED→ SC260555 · est 2003 · no financials extracted | — | — | — | — | 22y | — | — |
| SARATA HOLDINGS LTD→ SC816216 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| SAVITRI HOLDINGS LIMITED→ SC705557 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| SAW AND TOOLING HOLDINGS LIMITED→ SC824242 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| SB ALBA LTD→ SC798298 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| SCARLETT LAND & DEVELOPMENT (HOLDINGS) LIMITED→ SC716637 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| SCHENCK PROCESS (HOLDINGS CHINA) LIMITED→ SC220926 · est 2001 · no financials extracted | — | — | — | — | 24y | — | — |
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
Incorporated2011-03-14
Jurisdictionscotland
Primary SIC64209 — Activities of other holding companies n.e.c.
Registered office
Q Court
3 Quality Street
Edinburgh
EH4 5BP
Scotland
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-06-12
Last: 2025-05-29
Officers (2 active · 12 resigned)
COLLINS, Jeremy→
Activedirector · ~43y · appointed 2026-03-28
View their other companies + combined net worth →
DAHLTORP, Timothy John→
Activedirector · ~65y · appointed 2023-07-12
View their other companies + combined net worth →
CANO II, Ronald→
Resigneddirector · ~34y · appointed 2022-02-28 · resigned 2023-07-12
DAVIS, Stephen James→
Resigneddirector · ~61y · appointed 2019-02-04 · resigned 2022-02-28
FORSYTH, James Malcolm→
Resigneddirector · ~61y · appointed 2022-04-06 · resigned 2025-07-10
FORSYTH, James Malcolm→
Resigneddirector · ~61y · appointed 2011-03-14 · resigned 2022-02-28
JOHNSON, William→
Resigneddirector · ~33y · appointed 2022-02-28 · resigned 2023-07-12
MALIK, Rajiv Neil→
Resigneddirector · ~55y · appointed 2022-02-28 · resigned 2023-07-12
MALONE, Thomas Mark→
Resigneddirector · ~71y · appointed 2022-04-06 · resigned 2023-07-12
MALONE, Thomas Mark→
Resigneddirector · ~71y · appointed 2019-02-04 · resigned 2022-02-28
MCDONALD, Matthew Ian→
Resigneddirector · ~44y · appointed 2019-02-04 · resigned 2022-02-28
RAFALOWSKI, Paul→
Resigneddirector · ~55y · appointed 2023-07-12 · resigned 2025-10-01
STRUTHERS, Alistair→
Resigneddirector · ~64y · appointed 2011-07-01 · resigned 2019-02-04
WILLIAMS, Stephen Mark→
Resigneddirector · ~62y · appointed 2011-03-14 · resigned 2019-02-04
Click a director name to see their full track record across all companies.
Mortgages & charges
6
Total charges
0
Outstanding
0
Active lenders
Status:Lender:6 of 6 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Fidus Investment Corporation | A registered charge | 1 property | 06/04/2020 | 02/11/2021 | |
| satisfied | Fidus Investment Corporation | A registered charge | 1 property | 06/04/2020 | 02/11/2021 | |
| satisfied | Fidus Investment Corporation | A registered charge | 1 property | 06/04/2020 | 02/11/2021 | |
| satisfied | Fidus Investment Corporation | A registered charge | 1 property | 06/04/2020 | 02/11/2021 | |
| satisfied | Fidus Investment Corporation as Collateral Agent | A registered charge | 1 property | 07/02/2020 | 02/11/2021 | |
| satisfied | Avidbank | A registered charge | — | 04/02/2019 | 10/03/2020 |
Recent filings (105 total)
termination-director-company-with-name-termination-date
officers · TM01
2026-04-14
termination-director-company-with-name-termination-date
officers · TM01
2026-04-14
appoint-person-director-company-with-name-date
officers · AP01
2026-04-09
accounts-with-accounts-type-dormant
accounts · AA
2025-10-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-10-01
confirmation-statement-with-updates
confirmation-statement · CS01
2024-07-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-01-11
termination-director-company-with-name-termination-date
officers · TM01
2023-07-21
termination-director-company-with-name-termination-date
officers · TM01
2023-07-21
termination-director-company-with-name-termination-date
officers · TM01
2023-07-21
termination-director-company-with-name-termination-date
officers · TM01
2023-07-21
appoint-person-director-company-with-name-date
officers · AP01
2023-07-21
appoint-person-director-company-with-name-date
officers · AP01
2023-07-21
confirmation-statement-with-updates
confirmation-statement · CS01
2023-06-13