TV SQUARED LIMITED
🌳Matureactive
SC421072 · ltd · incorporated 2012-04-03
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
—
not disclosed
Net worth
—
book net assets
Opportunity
66/100
Strong
What this business does
Primary activity: Business and domestic software development
Sector: Information & communication
Investor take
Pass (distressed without resilience)Distressed active trading company — structural issues outweigh the discount.
Opportunity 66/100 (strong), bankability 77/100. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: strategic trade sale (73/100).
🏦
Refinance opportunity
6 live charges · 3 lenders · oldest 9.4y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 9.4 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Legal-friction score 30/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (57/100)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
No iXBRL financials extracted
0
Lenders & charges
6 charges (6/6 with lender, 6/6 with type)
90
Directors & officers
17 officers (3 active, 17 linked, 13 with DOB)
85
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
140 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
66/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
50
Some acquirability indicators.
Risk profile
59
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.
Recent activity
Last 30 days
0
filings
Last 90 days
1
filing
- • 1 confirmation-statement
Last 180 days
2
filings
- • 1 confirmation-statement
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (64 events)Click to expand
- 2025-12-29📄accounts-with-accounts-type-fullaccounts · AA
- 2025-04-14📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-04-14📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-04-10📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-04-09➕GALASSI, Nicholas John appointeddirector
- 2025-04-09➕WISE, William appointeddirector
- 2025-04-09➖CALLINI, Anthony resigneddirector
- 2024-10-04📄accounts-with-accounts-type-fullaccounts · AA
- 2024-06-20📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-06-20📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-06-19📄gazette-filings-brought-up-to-dategazette · DISS40
- 2024-06-18➕CALLINI, Anthony appointeddirector
- 2024-06-18➖CHALOZIN, Tal resigneddirector
- 2024-06-18📄gazette-notice-compulsorygazette · GAZ1
- 2024-02-06📄accounts-with-accounts-type-fullaccounts · AA
- 2022-09-30📄accounts-with-accounts-type-groupaccounts · AA
- 2022-08-30📄capital-statement-capital-company-with-date-currency-figurecapital · SH19
- 2022-08-30📄legacycapital · SH20
- 2022-08-30⚠️legacyinsolvency · CAP-SS
- 2022-08-30📄resolutionresolution · RESOLUTIONS
- 2022-08-18➕CHALOZIN, Tal appointeddirector
- 2022-08-18📄appoint-person-director-company-with-name-dateofficers · AP01
- 2022-07-20📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2022-07-20📄second-filing-capital-allotment-sharescapital · RP04SH01
- 2022-07-19📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2022-05-12📄mortgage-satisfy-charge-fullmortgage · MR04
- 2022-05-12🔓Charge satisfied #5
- 2022-05-12🔓Charge satisfied #4
- 2022-05-12🔓Charge satisfied #3
- 2022-05-12🔓Charge satisfied #1
- 2022-04-11🔓Charge satisfied #6
- 2022-02-28➕NETTER, Zvika appointeddirector
- 2022-02-28➖DAVIDSON, Paul Richmond resigneddirector
- 2022-02-28➖DORREN, Kevin Matthew resigneddirector
- 2022-02-28➖KERN, Peter resigneddirector
- 2022-02-28➖MCLELLAN, Colin Wilson resigneddirector
- 2022-02-28➖SMEATON, Calum John resigneddirector
- 2022-02-28➖VAN DER KUYL, Christiaan Richard David resigneddirector
- 2022-01-19➖COOK, Stephen Sands resignedsecretary
- 2021-11-03🔓Charge satisfied #2
- 2021-10-20🔒Charge registered #6Lender: West Coast Capital Assets Limited as Security Trustree
- 2021-09-21➕MCLELLAN, Colin Wilson appointeddirector
- 2021-06-07➖MCCOMB, Holly Juliet resigneddirector
- 2020-12-04🔒Charge registered #5Lender: The Royal Bank of Scotland PLC
- 2020-12-04🔒Charge registered #4Lender: The Royal Bank of Scotland PLC
- 2020-12-04🔒Charge registered #3Lender: The Royal Bank of Scotland PLC
- 2020-06-02➕COOK, Stephen Sands appointedsecretary
- 2020-06-02➖MCCOMB, Holly Juliet resignedsecretary
- 2020-02-06🔒Charge registered #2Lender: West Coast Capital Holdings Limited as Security Trustee
- 2017-03-10➕MCCOMB, Holly Juliet appointedsecretary
Showing most recent 50 of 64 events
Owner dependency
50/100
Moderate — manageable with handoverSome founder dependency, but not acute. A structured handover period should cover most risk.
Succession & seller-readiness
30/100
Weak signalLimited succession signal. Not a near-term off-market candidate.
Red flags
1 high · 1 med ·1 insolvency-related filing on record
highFilings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2022-08-30: legacy
Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
Innovid Corp is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Innovid Corp
Corporate parent · holds 75-100% shares · board control
⬇
TV SQUARED LIMITED
This company · SC421072
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Innovid Corp Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 06/02/2022 |
2 historic (ceased) PSCs
- West Coast Capital Assets Limitedceased 06/02/2022· 25-50% shares · 25-50% voting
- West Coast Capital Holdings Limitedceased 25/11/2019· 25-50% shares · 25-50% voting
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 |
|---|---|---|---|---|---|---|---|
| SEEBYTE LIMITED→ SC194014 · est 1999 | £6.84M £4.88M–£8.79M | £10.82M | — | 8800 | 27y | 92 | 61y |
| CANONGATE BOOKS LIMITED→ SC152259 · est 1994 | £6.02M £4.30M–£7.74M | — | — | 64 | 31y | 85 | 65y |
| EXTRAORDINARY MANAGED SERVICES LIMITED→ SC214448 · est 2001 · no financials extracted | — | — | — | — | 25y | 83 | 58y |
| INFOGISTICS LIMITED→ SC208321 · est 2000 | — | — | — | 700 | 25y | 83 | 60y |
| INTELLIGENT MOBILE LIMITED→ SC266060 · est 2004 | — | — | — | — | 22y | 83 | 66y |
| MICROSYS SOLUTIONS LIMITED→ SC185715 · est 1998 | — | — | £140.2k | — | 28y | 83 | 59y |
| NDI TECHNOLOGIES LTD.→ SC173002 · est 1997 · no financials extracted | — | — | — | — | 29y | 83 | 93y |
| NETWORK ROI LTD→ SC299422 · est 2006 | — | — | £161.9k | — | 20y | 83 | 71y |
| NILE HQ LTD→ SC306908 · est 2006 | — | — | — | 40 | 19y | 83 | 63y |
| OCCUPANCY MARKETING LIMITED→ SC360835 · est 2009 | — | — | £2.10M | — | 16y | 83 | 60y |
| OPTIMISE HOLDINGS LIMITED→ SC291827 · est 2005 | — | — | — | 300 | 20y | 83 | 63y |
| OPTIMISE SOLUTIONS LIMITED→ SC119824 · est 1989 | — | — | — | 100 | 36y | 83 | 63y |
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
Incorporated2012-04-03
Jurisdictionscotland
Primary SIC62012 — Business and domestic software development
Registered office
Wework
80 George Street
Edinburgh
EH2 3BU
Scotland
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-04-13
Last: 2026-03-30
Officers (3 active · 14 resigned)
GALASSI, Nicholas John→
Activedirector · ~53y · appointed 2025-04-09
View their other companies + combined net worth →
NETTER, Zvika→
Activedirector · ~54y · appointed 2022-02-28
View their other companies + combined net worth →
WISE, William→
Activedirector · ~54y · appointed 2025-04-09
View their other companies + combined net worth →
COOK, Stephen Sands→
Resignedsecretary · appointed 2020-06-02 · resigned 2022-01-19
GARRIGAN, Rosemary→
Resignedsecretary · appointed 2013-03-14 · resigned 2013-12-06
MCCOMB, Holly Juliet→
Resignedsecretary · appointed 2017-03-10 · resigned 2020-06-02
SAYWOOD, Joan Carol→
Resignedsecretary · appointed 2013-12-06 · resigned 2017-03-10
CALLINI, Anthony→
Resigneddirector · ~55y · appointed 2024-06-18 · resigned 2025-04-09
CHALOZIN, Tal→
Resigneddirector · ~45y · appointed 2022-08-18 · resigned 2024-06-18
DAVIDSON, Paul Richmond→
Resigneddirector · ~61y · appointed 2016-04-28 · resigned 2022-02-28
DORREN, Kevin Matthew→
Resigneddirector · ~58y · appointed 2015-04-10 · resigned 2022-02-28
KERN, Peter→
Resigneddirector · ~59y · appointed 2015-04-10 · resigned 2022-02-28
MCCOMB, Holly Juliet→
Resigneddirector · ~51y · appointed 2016-09-19 · resigned 2021-06-07
MCLELLAN, Colin Wilson→
Resigneddirector · ~44y · appointed 2021-09-21 · resigned 2022-02-28
SAYWOOD, Joan Carol→
Resigneddirector · ~70y · appointed 2015-04-10 · resigned 2017-03-10
SMEATON, Calum John→
Resigneddirector · ~58y · appointed 2012-04-03 · resigned 2022-02-28
VAN DER KUYL, Christiaan Richard David→
Resigneddirector · ~57y · appointed 2015-04-10 · resigned 2022-02-28
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 | West Coast Capital Assets as Security Trustree West Coast Capital Assets Limited as Security Trustree | A registered charge | — | 20/10/2021 | 11/04/2022 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | A registered charge | — | 04/12/2020 | 12/05/2022 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | A registered charge | 1 property | 04/12/2020 | 12/05/2022 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | A registered charge | — | 04/12/2020 | 12/05/2022 | |
| satisfied | West Coast Capital Holdings as Security Trustee West Coast Capital Holdings Limited as Security Trustee | A registered charge | 1 property | 06/02/2020 | 03/11/2021 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | A registered charge | — | 05/01/2017 | 12/05/2022 |
Recent filings (140 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-31
accounts-with-accounts-type-full
accounts · AA
2025-12-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-14
appoint-person-director-company-with-name-date
officers · AP01
2025-04-14
appoint-person-director-company-with-name-date
officers · AP01
2025-04-14
termination-director-company-with-name-termination-date
officers · TM01
2025-04-10
accounts-with-accounts-type-full
accounts · AA
2024-10-04
termination-director-company-with-name-termination-date
officers · TM01
2024-06-20
appoint-person-director-company-with-name-date
officers · AP01
2024-06-20
gazette-filings-brought-up-to-date
gazette · DISS40
2024-06-19
gazette-notice-compulsory
gazette · GAZ1
2024-06-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-06-13
accounts-with-accounts-type-full
accounts · AA
2024-02-06
confirmation-statement-with-updates
confirmation-statement · CS01
2023-04-14
accounts-with-accounts-type-group
accounts · AA
2022-09-30