VICAST LIMITED

💤Zombieactive

SC434394 · ltd · incorporated 2012-10-09

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 Dec 2022

Net worth

—

book net assets

Opportunity

61/100

Worth a look

🔒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

Pass (distressed without resilience)

Distressed admin-neglect survivor — structural issues outweigh the discount.

Opportunity 61/100 (worth a look), bankability 55/100. High owner-dependency — earn-out structure likely required for clean transition. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: share sale to pe / searcher (53/100). Current lenders should be on monthly review.

🏦

Refinance opportunity

1 live charge · oldest 10.1y

45/100

under pressure

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

· Oldest live charge is 10.1 years old — likely at or near maturity.
· Single lender — cleanest path to refinance.
· 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

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

Directors & officers

13 officers (1 active, 13 linked, 13 with DOB)

Ownership & PSC

2 active PSC(s) of 4 total, 4 with control declared

Director network

1 connected companies via shared directors

Filing history

99 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

61/100Worth a look

PassWatchWorth a lookStrongExceptional

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality

Concerning — overdue filings or status flags present.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Multiple red flags — proceed with caution.

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	2022-12-31	2021-12-31
Total assets	—	£65.2k
Current assets	—	£6.0k
Cash	—	£4.4k
Debtors	—	£1.6k
Net assets	—	£51.2k

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

Last 180 days

filings

Counts from Companies House filing history.

Corporate timeline (47 events)Click to expand

2024-02-09
📄
dissolution-voluntary-strike-off-suspended
dissolution · SOAS(A)
2024-01-30
📄
gazette-notice-voluntary
gazette · GAZ1(A)
2024-01-24
📄
dissolution-application-strike-off-company
dissolution · DS01
2024-01-23
➖
CURRIE, Allan resigned
director
2024-01-23
➖
ROBERTSON, Jack Thomas resigned
director
2024-01-23
📄
termination-director-company-with-name-termination-date
officers · TM01
2024-01-23
📄
termination-director-company-with-name-termination-date
officers · TM01
2024-01-16
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-11-23
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-11-23
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-11-23
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-09-28
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-06-16
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2021-06-16
📄
resolution
resolution · RESOLUTIONS
2021-06-16
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2021-06-15
📄
capital-allotment-shares
capital · SH01
2021-04-07
📄
accounts-amended-with-accounts-type-total-exemption-full
accounts · AAMD
2021-01-29
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-09-27
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-06-19
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-04-30
📄
appoint-person-director-company-with-name-date
officers · AP01
2018-04-24
➕
CURRIE, Allan appointed
director
2018-04-24
➖
FAIRCLIFF, Timothy Richard Quentin resigned
director
2017-09-28
➕
FAIRCLIFF, Timothy Richard Quentin appointed
director
2017-09-28
➖
GRANT, Michael Alistair resigned
director
2017-07-05
🔓
Charge satisfied #1
2017-06-27
➕
ROBERTSON, Jack Thomas appointed
director
2017-06-27
➖
YEATES, Damien resigned
director
2016-12-07
➖
MCCLELLAND, John Ferguson resigned
director
2016-04-07
🔒
Charge registered #1
Lender: Strategeyes Limited
2015-11-30
➖
MCINTYRE, Donald Charles resigned
director
2015-11-30
➕
YEATES, Damien appointed
director
2015-09-30
➕
GRANT, Michael Alistair appointed
director
2015-08-19
➖
GOURLAY, Jacqueline Elizabeth resigned
director
2015-08-19
➖
GRANT, Michael Alistair resigned
director
2015-08-19
➕
MCINTYRE, Donald Charles appointed
director
2014-09-22
➕
GRANT, Michael Alistair appointed
director
2014-09-19
➖
BAIN, Martin Edward resigned
director
2013-11-04
➖
YOUNG, Nicola resigned
director
2013-09-27
➕
GOURLAY, Jacqueline Elizabeth appointed
director
2013-03-29
➕
MCCLELLAND, John Ferguson appointed
director
2013-02-01
➕
MURRAY, Paul appointed
director
2012-10-17
➕
BAIN, Martin Edward appointed
director
2012-10-17
➖
WATSON, Peter Black resigned
director
2012-10-17
➕
YOUNG, Nicola appointed
director
2012-10-09
🏢
Company incorporated
As VICAST LIMITED
2012-10-09
➕
WATSON, Peter Black appointed
director

Owner dependency

83/100

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.
+Senior director age: Director aged approximately 62 — approaching natural succession window.

Succession & seller-readiness

63/100

Strong succession signal

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

SIGNALS

secondaryFounder aged 58+: Senior director is approximately 62. Early succession window.
primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
secondary12+ year tenure: Director in role 13 years.

Red flags

2 high ·

Accounts overdue

high

Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.

Evidence: Next due: 2024-09-30

Confirmation statement overdue

high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2024-11-11

Group structure

Scottish Enterprise holds 25-50% — a significant corporate investor but not a controlling parent.

🏛️

Scottish Enterprise

Corporate parent

⬇

VICAST LIMITED

This company · SC434394

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

2 active beneficial owners

Name	Shares	Voting rights	Nature of control	Notified
Mr Stephen James Robertson Individual · British · DOB 03/1960 · age 66	25–50%	—	25-50% shares	14/06/2021
Scottish Enterprise Corporate entity	—	—	sig. influencesignificant influence	06/04/2016

2 historic (ceased) PSCs

Mr Martin Edward Bainceased 13/12/2017· significant influence
Ms Nicola Youngceased 20/11/2017· 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 →

Similar companies

Active · Technology · G postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
BIP SOLUTIONS LIMITED→ SC086146 · est 1984	£10.24M £7.31M–£13.17M	—	—	137	42y	83	79y
BLACKBAUD EUROPE LTD.→ SC212593 · est 2000	£3.33M £2.38M–£4.28M	£23.77M	—	12000	25y	84	64y
ALTIA SOLUTIONS LIMITED→ SC228451 · est 2002	£409.8k £292.7k–£526.9k	£6.88M	—	0	24y	83	60y
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

10 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

Incorporated2012-10-09

Jurisdictionscotland

Primary SIC62012 — Business and domestic software development

Registered office

C/O Paul Murray Flat 2

8 Kirklee Gate

Glasgow

G12 0SZ

Scotland

Filing status

Accounts

Next due: 2024-09-30OVERDUE

Last made up to: 2022-12-31

Confirmation statement

Next due: 2024-11-11OVERDUE

Last: 2023-10-28

Officers (1 active · 12 resigned)

MURRAY, Paul→

director · ~62y · appointed 2013-02-01

View their other companies + combined net worth →

Active

BAIN, Martin Edward→

director · ~58y · appointed 2012-10-17 · resigned 2014-09-19

Resigned

CURRIE, Allan→

director · ~62y · appointed 2018-04-24 · resigned 2024-01-23

Resigned

FAIRCLIFF, Timothy Richard Quentin→

director · ~59y · appointed 2017-09-28 · resigned 2018-04-24

Resigned

GOURLAY, Jacqueline Elizabeth→

director · ~57y · appointed 2013-09-27 · resigned 2015-08-19

Resigned

GRANT, Michael Alistair→

director · ~64y · appointed 2015-09-30 · resigned 2017-09-28

Resigned

GRANT, Michael Alistair→

director · ~64y · appointed 2014-09-22 · resigned 2015-08-19

Resigned

MCCLELLAND, John Ferguson→

director · ~81y · appointed 2013-03-29 · resigned 2016-12-07

Resigned

MCINTYRE, Donald Charles→

director · ~67y · appointed 2015-08-19 · resigned 2015-11-30

Resigned

ROBERTSON, Jack Thomas→

director · ~35y · appointed 2017-06-27 · resigned 2024-01-23

Resigned

WATSON, Peter Black→

director · ~72y · appointed 2012-10-09 · resigned 2012-10-17

Resigned

YEATES, Damien→

director · ~61y · appointed 2015-11-30 · resigned 2017-06-27

Resigned

YOUNG, Nicola→

director · ~61y · appointed 2012-10-17 · resigned 2013-11-04

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
	satisfied	Strategeyes Strategeyes Limited	A registered charge	—	07/04/2016	05/07/2017

Recent filings (99 total)

dissolution-voluntary-strike-off-suspended

dissolution · SOAS(A)

2024-02-09

gazette-notice-voluntary

gazette · GAZ1(A)

2024-01-30

dissolution-application-strike-off-company

dissolution · DS01

2024-01-24

termination-director-company-with-name-termination-date

officers · TM01

2024-01-23

termination-director-company-with-name-termination-date

officers · TM01

2024-01-23

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

accounts · AA

2024-01-16

confirmation-statement-with-no-updates

confirmation-statement · CS01

2024-01-15

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

address · AD01

2023-11-23

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

address · AD01

2023-11-23

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

accounts · AA

2022-11-23

confirmation-statement-with-no-updates

confirmation-statement · CS01

2022-11-04

confirmation-statement-with-updates

confirmation-statement · CS01

2021-11-19

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

accounts · AA

2021-09-28

notification-of-a-person-with-significant-control

persons-with-significant-control · PSC01

2021-06-16

resolution

resolution · RESOLUTIONS

2021-06-16