SWIPII LABS LTD

⚰️Wound downdissolved

SC437576 · ltd · incorporated 2012-11-26

Investment thesis

Company dissolved — not a live target.

Why interesting: Historical record only; useful for precedent research.

Why risky: Not transactable.

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Jul 2020

Net worth

—

book net assets

Opportunity

44/100

Watch

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What this business does

Primary activity: Business and domestic software development

Sector: Information & communication

Investor take

Pass (distressed without resilience)

Distressed unclear — structural issues outweigh the discount.

Opportunity 44/100 (watch), bankability 50/100. Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: Resolve: Company dissolved. Company has been dissolved — it no longer legally exists. Any diligence here is historical only. Most likely exit: strategic trade sale (55/100). Current lenders should be on monthly review.

Data confidence

Overall: medium (71/100)

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

Confirmed no charges registered

Directors & officers

7 officers (2 active, 7 linked, 6 with DOB)

Ownership & PSC

No PSCs filed (unusual — worth investigating)

Director network

2 connected companies via shared directors

Filing history

73 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

44/100Watch

PassWatchWorth a lookStrongExceptional

Not actionable now, but monitor — distressed, succession, or structural changes could flip this into a real opportunity.

Business quality

Concerning — overdue filings or status flags present.

Acquirability

Some acquirability indicators.

Risk profile

Multiple red flags — proceed with caution.

Signal strength

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 · FRS 102

Metric	2020-07-31	2019-07-31
Average employees	2100	2100

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

1 signal 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

filing

• 1 gazette

Counts from Companies House filing history.

Corporate timeline (37 events)Click to expand

2026-02-12
⚠️
gazette-dissolved-liquidation
gazette · GAZ2
2026-02-12
🏁
Company dissolved
2025-11-12
⚠️
liquidation-compulsory-return-final-meeting-court-scotland
insolvency · WU15(Scot)
2021-11-26
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2021-11-26
⚠️
liquidation-compulsory-notice-winding-up-order-court-scotland
insolvency · WU01(Scot)
2021-11-08
⚠️
liquidation-appointment-of-provisional-liquidator-court-scotland
insolvency · WU02(Scot)
2021-08-03
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2021-06-17
📄
memorandum-articles
incorporation · MA
2021-06-16
📄
capital-allotment-shares
capital · SH01
2021-06-16
📄
resolution
resolution · RESOLUTIONS
2021-03-29
📄
resolution
resolution · RESOLUTIONS
2021-03-23
📄
capital-allotment-shares
capital · SH01
2021-03-18
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-02-25
📄
capital-allotment-shares
capital · SH01
2021-02-16
📄
memorandum-articles
incorporation · MA
2021-02-16
📄
resolution
resolution · RESOLUTIONS
2020-10-14
📄
resolution
resolution · RESOLUTIONS
2020-04-28
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-02-03
📄
resolution
resolution · RESOLUTIONS
2020-01-29
📄
capital-allotment-shares
capital · SH01
2020-01-17
📄
capital-cancellation-shares
capital · SH06
2020-01-17
📄
resolution
resolution · RESOLUTIONS
2020-01-17
📄
capital-return-purchase-own-shares
capital · SH03
2019-11-25
📄
termination-director-company-with-name-termination-date
officers · TM01
2019-08-31
➖
SHARMA, Chitresh Kumar resigned
director
2019-01-23
➖
SOMERVILLE, Ronald Whitelaw resigned
director
2018-09-01
➕
LOGAN, Mark appointed
director
2018-03-31
➖
SOMERVILLE, Ronald resigned
secretary
2017-01-19
➖
FARQUHAR, David Graeme resigned
director
2015-04-02
➕
FARQUHAR, David Graeme appointed
director
2014-02-17
➕
SOMERVILLE, Ronald appointed
secretary
2013-07-10
➕
SOMERVILLE, Ronald Whitelaw appointed
director
2013-01-31
➕
SCHENA, Louis Martin appointed
director
2013-01-31
➖
DEANE, David William resigned
director
2013-01-31
➕
SHARMA, Chitresh Kumar appointed
director
2012-11-26
🏢
Company incorporated
As SWIPII LABS LTD
2012-11-26
➕
DEANE, David William appointed
director

Owner dependency

58/100

Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS

+Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.

Succession & seller-readiness

49/100

Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS

secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
secondary12+ year tenure: Director in role 13 years.
supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

2 high ·

Company dissolved

high

Company has been dissolved — it no longer legally exists. Any diligence here is historical only.

Evidence: Dissolved on 2026-02-12

4 insolvency-related filings on record

high

Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.

Evidence: 2026-02-12: gazette-dissolved-liquidation; 2025-11-12: liquidation-compulsory-return-final-meeting-court-scotland

🔒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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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

9 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

Statusdissolved

Typeltd

Incorporated2012-11-26

Jurisdictionscotland

Primary SIC62012 — Business and domestic software development

Registered office

227 West George Street

Glasgow

G2 2ND

Filing status

Accounts

Next due: —

Last made up to: 2020-07-31

Confirmation statement

Next due: —

Last: 2020-11-26

Officers (0 active · 5 resigned)

LOGAN, Mark→

director · ~57y · appointed 2018-09-01

View their other companies + combined net worth →

Active

SCHENA, Louis Martin→

director · ~37y · appointed 2013-01-31

View their other companies + combined net worth →

Active

SOMERVILLE, Ronald→

secretary · appointed 2014-02-17 · resigned 2018-03-31

Resigned

DEANE, David William→

director · ~62y · appointed 2012-11-26 · resigned 2013-01-31

Resigned

FARQUHAR, David Graeme→

director · ~68y · appointed 2015-04-02 · resigned 2017-01-19

Resigned

SHARMA, Chitresh Kumar→

director · ~36y · appointed 2013-01-31 · resigned 2019-08-31

Resigned

SOMERVILLE, Ronald Whitelaw→

director · ~69y · appointed 2013-07-10 · resigned 2019-01-23

Resigned

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

Recent filings (73 total)

gazette-dissolved-liquidation

gazette · GAZ2

2026-02-12

liquidation-compulsory-return-final-meeting-court-scotland

insolvency · WU15(Scot)

2025-11-12

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

address · AD01

2021-11-26

liquidation-compulsory-notice-winding-up-order-court-scotland

insolvency · WU01(Scot)

2021-11-26

liquidation-appointment-of-provisional-liquidator-court-scotland

insolvency · WU02(Scot)

2021-11-08

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

address · AD01

2021-08-03

memorandum-articles

incorporation · MA

2021-06-17

capital-allotment-shares

capital · SH01

2021-06-16

resolution

resolution · RESOLUTIONS

2021-06-16

resolution

resolution · RESOLUTIONS

2021-03-29

capital-allotment-shares

capital · SH01

2021-03-23

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

accounts · AA

2021-03-18

capital-allotment-shares

capital · SH01

2021-02-25

memorandum-articles

incorporation · MA

2021-02-16

resolution

resolution · RESOLUTIONS

2021-02-16