TERRASTAR GNSS LIMITED
🌳Matureactive
SC440089 · ltd · incorporated 2013-01-11
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
79/100
Strong
What this business does
Primary activity: Other telecommunications activities
Sector: Information & communication
Investor take
PursueStrong opportunity: active trading company with strong profile and bankable structure.
Opportunity 79/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: strategic trade sale (73/100).
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
Confirmed no charges registered
85
Directors & officers
7 officers (3 active, 7 linked, 6 with DOB)
87
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
44 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
79/100Strong
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
85
Few red flags.
Signal strength
90
Good data coverage for analysis.
Recent activity
Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
1
filing
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (28 events)Click to expand
- 2025-07-15📄accounts-with-accounts-type-fullaccounts · AA
- 2025-07-14📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2025-07-10➕MARTIN, Cecille appointedsecretary
- 2024-06-28📄accounts-with-accounts-type-fullaccounts · AA
- 2023-07-06📄accounts-with-accounts-type-fullaccounts · AA
- 2023-01-21📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2023-01-11📄change-person-director-company-with-change-dateofficers · CH01
- 2022-08-03📄appoint-person-director-company-with-name-dateofficers · AP01
- 2022-08-01➕MORTON, Grant George Wilson, Mr. appointeddirector
- 2022-08-01📄termination-director-company-with-name-termination-dateofficers · TM01
- 2022-07-31➖JOHNSON, Robert Martin resigneddirector
- 2022-05-13📄accounts-with-accounts-type-fullaccounts · AA
- 2021-05-17📄accounts-with-accounts-type-fullaccounts · AA
- 2021-01-06📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2020-07-13📄accounts-with-accounts-type-fullaccounts · AA
- 2019-06-06📄accounts-with-accounts-type-fullaccounts · AA
- 2018-04-20📄accounts-with-accounts-type-fullaccounts · AA
- 2017-06-28📄termination-director-company-with-name-termination-dateofficers · TM01
- 2017-06-28📄termination-director-company-with-name-termination-dateofficers · TM01
- 2017-06-08➖HUTCHINSON, Sally resigneddirector
- 2017-06-08➖MILNE, Philip Macdonell resigneddirector
- 2017-06-07➕TURNER, Richard Michael appointeddirector
- 2017-06-07➕JOHNSON, Robert Martin appointeddirector
- 2014-09-09➖STEEDMAN, Walter Russell resigneddirector
- 2013-01-11🏢Company incorporatedAs TERRASTAR GNSS LIMITED
- 2013-01-11➕HUTCHINSON, Sally appointeddirector
- 2013-01-11➕MILNE, Philip Macdonell appointeddirector
- 2013-01-11➕STEEDMAN, Walter Russell appointeddirector
Owner dependency
66/100
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.
- +Senior director age: Director aged approximately 61 — approaching natural succession window.
Succession & seller-readiness
46/100
Moderate signalSome succession indicators present. Worth watching; approach if sector/strategy fits.
SIGNALS
- secondaryFounder aged 58+: Senior director is approximately 61. Early succession window.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
Red flags
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Group structure
Veripos Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Veripos Limited
Corporate parent · holds 75-100% shares · board control
⬇
TERRASTAR GNSS LIMITED
This company · SC440089
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 |
|---|---|---|---|---|
Veripos Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 14/07/2016 |
1 historic (ceased) PSC
- Hexagon Positioning Intelligence Limitedceased 20/01/2023· 75-100% shares · 75-100% voting · board control · significant influence · firm interest
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
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|---|---|---|---|---|---|---|---|
| SURETEC SYSTEMS LIMITED→ SC258005 · est 2003 · no financials extracted | — | — | — | — | 22y | — | — |
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| TARIFFCOM LIMITED→ SC221516 · est 2001 · no financials extracted | — | — | — | — | 24y | — | — |
| TASK COMPUTER LOGIC LIMITED→ SC116862 · est 1989 · no financials extracted | — | — | — | — | 37y | — | — |
| TENDERS CONNECT LIMITED→ SC629624 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| TEXO TECHNOLOGIES LIMITED→ SC716321 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| THE EXODUS PREPPER LTD→ SC859497 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| THE IT REFUGE LIMITED→ SC397813 · est 2011 · no financials extracted | — | — | — | — | 15y | — | — |
| THE MAX COLLECTIVE LIMITED→ SC561364 · est 2017 · no financials extracted | — | — | — | — | 9y | — | — |
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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
6 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
Incorporated2013-01-11
Jurisdictionscotland
Primary SIC61900 — Other telecommunications activities
Registered office
Veripos House 1b Farburn Terrace
Dyce
Aberdeen
AB21 7DT
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-01-20
Last: 2026-01-06
Officers (3 active · 4 resigned)
Active
MORTON, Grant George Wilson, Mr.→
Activedirector · ~61y · appointed 2022-08-01
View their other companies + combined net worth →
TURNER, Richard Michael→
Activedirector · ~54y · appointed 2017-06-07
View their other companies + combined net worth →
HUTCHINSON, Sally→
Resigneddirector · ~61y · appointed 2013-01-11 · resigned 2017-06-08
JOHNSON, Robert Martin→
Resigneddirector · ~67y · appointed 2017-06-07 · resigned 2022-07-31
MILNE, Philip Macdonell→
Resigneddirector · ~78y · appointed 2013-01-11 · resigned 2017-06-08
STEEDMAN, Walter Russell→
Resigneddirector · ~64y · appointed 2013-01-11 · resigned 2014-09-09
Click a director name to see their full track record across all companies.
Recent filings (44 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-19
accounts-with-accounts-type-full
accounts · AA
2025-07-15
appoint-person-secretary-company-with-name-date
officers · AP03
2025-07-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-09
accounts-with-accounts-type-full
accounts · AA
2024-06-28
confirmation-statement-with-updates
confirmation-statement · CS01
2024-01-17
accounts-with-accounts-type-full
accounts · AA
2023-07-06
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-01-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-01-11
change-person-director-company-with-change-date
officers · CH01
2023-01-11
appoint-person-director-company-with-name-date
officers · AP01
2022-08-03
termination-director-company-with-name-termination-date
officers · TM01
2022-08-01
accounts-with-accounts-type-full
accounts · AA
2022-05-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-01-07
accounts-with-accounts-type-full
accounts · AA
2021-05-17