RUNIKA LTD.

🌳Matureactive
SC447678 · ltd · incorporated 2013-04-15
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 Apr 2025
Net worth
—
book net assets
Opportunity
69/100
Strong
🔔
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What this business does
Primary activity: Non-trading company
Sector: Professional, scientific & technical
Investor take
Pass (distressed without resilience)
Distressed dormant / non-trading — structural issues outweigh the discount.

Opportunity 69/100 (strong), bankability 65/100. Strong seller-intent signal (63/100, director aged 67). Biggest value-creation lever: Resolve: Confirmation statement overdue. Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal. Most likely exit: share sale to pe / searcher (73/100).

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
75
Lenders & charges
Confirmed no charges registered
85
Directors & officers
7 officers (2 active, 7 linked, 7 with DOB)
90
Ownership & PSC
2 active PSC(s) of 4 total, 4 with control declared
90
Director network
4 connected companies via shared directors
57
Filing history
43 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
69/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
60
Adequate — check latest filings for context.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
90
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0Apr 2024Apr 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-04-302024-04-30

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

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (30 events)Click to expand
  1. 2025-05-21
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  2. 2024-05-14
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  3. 2023-12-21
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  4. 2023-08-09
    ➕
    HUSSAIN, Gulnargas appointed
    director
  5. 2023-08-09
    ➖
    HARRIS, Elizabeth Gibson resigned
    director
  6. 2023-08-09
    ➖
    HARRIS, Ian Colquhoun resigned
    director
  7. 2023-08-09
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  8. 2023-08-09
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  9. 2023-08-09
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  10. 2023-08-09
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  11. 2023-08-09
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  12. 2023-08-09
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  13. 2023-08-09
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  14. 2023-05-02
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  15. 2022-10-31
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  16. 2021-09-09
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  17. 2020-10-30
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  18. 2019-11-27
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  19. 2018-06-06
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  20. 2018-01-04
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  21. 2015-10-02
    ➖
    AKGUN, Bethan Sarah resigned
    director
  22. 2015-10-02
    ➖
    AKGUN, Markos resigned
    director
  23. 2015-08-11
    ➕
    HUSSAIN, Farooq appointed
    director
  24. 2015-08-11
    ➕
    HARRIS, Elizabeth Gibson appointed
    director
  25. 2015-08-11
    ➕
    HARRIS, Ian Colquhoun appointed
    director
  26. 2013-07-14
    ➖
    MYCKO, Ian resigned
    director
  27. 2013-04-15
    🏢
    Company incorporated
    As RUNIKA LTD.
  28. 2013-04-15
    ➕
    AKGUN, Bethan Sarah appointed
    director
  29. 2013-04-15
    ➕
    AKGUN, Markos appointed
    director
  30. 2013-04-15
    ➕
    MYCKO, Ian appointed
    director

Owner dependency

81/100
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
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Founder age: Director aged approximately 67 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

56/100
Strong succession signal

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

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 67. Approaching typical UK retirement age — succession thinking likely.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

Red flags

1 high ·
Confirmation statement overdue
high

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

Evidence: Next due: 2026-04-29

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Farooq Hussain
Individual · British · DOB 10/1959 · age 67
25–50%
—25-50% shares09/08/2023
Mrs Gulnargas Hussain
Individual · British · DOB 04/1966 · age 60
25–50%
—25-50% shares09/08/2023
2 historic (ceased) PSCs
  • Mr Ian Colquhoun Harrisceased 09/08/2023· 25-50% shares
  • Mrs Elizabeth Gibson Harrisceased 09/08/2023· 25-50% shares

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 →

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

8 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
Incorporated2013-04-15
Jurisdictionscotland
Primary SIC74990 — Non-trading company

Registered office

6 Drum Brae South
Edinburgh
EH12 8SJ
Scotland

Filing status

Accounts
Next due: 2027-01-31
Last made up to: 2025-04-30
Confirmation statement
Next due: 2026-04-29OVERDUE
Last: 2025-04-15

Officers (2 active · 5 resigned)

HUSSAIN, Farooq→
director · ~67y · appointed 2015-08-11
View their other companies + combined net worth →
Active
HUSSAIN, Gulnargas→
director · ~60y · appointed 2023-08-09
View their other companies + combined net worth →
Active
AKGUN, Bethan Sarah→
director · ~46y · appointed 2013-04-15 · resigned 2015-10-02
Resigned
AKGUN, Markos→
director · ~52y · appointed 2013-04-15 · resigned 2015-10-02
Resigned
HARRIS, Elizabeth Gibson→
director · ~73y · appointed 2015-08-11 · resigned 2023-08-09
Resigned
HARRIS, Ian Colquhoun→
director · ~76y · appointed 2015-08-11 · resigned 2023-08-09
Resigned
MYCKO, Ian→
director · ~71y · appointed 2013-04-15 · resigned 2013-07-14
Resigned

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

Recent filings (43 total)

accounts-with-accounts-type-dormant
accounts · AA
2025-05-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-21
accounts-with-accounts-type-dormant
accounts · AA
2024-05-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-14
appoint-person-director-company-with-name-date
officers · AP01
2023-12-21
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-08-09
termination-director-company-with-name-termination-date
officers · TM01
2023-08-09
termination-director-company-with-name-termination-date
officers · TM01
2023-08-09
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2023-08-09
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-08-09
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2023-08-09
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-08-09
accounts-with-accounts-type-dormant
accounts · AA
2023-05-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-04-20
accounts-with-accounts-type-dormant
accounts · AA
2022-10-31