ONTAX ACCOUNTANTS LTD

💤Zombieactive
SC483304 · ltd · incorporated 2014-07-31
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 Mar 2025
Net worth
£-2.6k
book net assets
Opportunity
74/100
Strong
🔔
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What this business does
Primary activity: Accounting and auditing activities
Sector: Professional, scientific & technical
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 74/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: distressed disposal / insolvency (65/100).

Data confidence

Overall: medium (78/100)

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
75
Lenders & charges
Confirmed no charges registered
85
Directors & officers
2 officers (1 active, 2 linked, 2 with DOB)
90
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
38 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
74/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
55
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Negative net assets
Liabilities exceed assets by £2,570

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
-£3k
↑ 94% YoY
Current Assets
£357
↓ 97% YoY
Current Liabilities
—
-£43k-£32k-£21k-£9k£2k£13kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2025-03-312024-03-31
Total assets£12.8k£-43.0k
Current assets£357£13.1k
Net assets£-2.6k£-43.0k

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
0
filings
Last 90 days
1
filing
  • • 1 confirmation-statement
Last 180 days
4
filings
  • • 2 confirmation-statement
  • • 1 accounts
  • • 1 officers
Counts from Companies House filing history.
Corporate timeline (20 events)Click to expand
  1. 2025-12-10
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-11-05
    📄
    change-person-director-company-with-change-date
    officers · CH01
  3. 2024-12-19
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2024-01-02
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2022-12-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2022-06-15
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  7. 2021-12-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2021-12-22
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  9. 2021-12-16
    📄
    accounts-amended-with-accounts-type-micro-entity
    accounts · AAMD
  10. 2021-10-08
    ➖
    NELLYER, Jason Richard resigned
    director
  11. 2021-10-08
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  12. 2021-10-08
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  13. 2021-10-08
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  14. 2021-09-04
    ➕
    MCHALE, Michael John appointed
    director
  15. 2021-09-04
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  16. 2021-06-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  17. 2021-04-12
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  18. 2020-12-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  19. 2014-07-31
    🏢
    Company incorporated
    As ONTAX ACCOUNTANTS LTD
  20. 2014-07-31
    ➕
    NELLYER, Jason Richard appointed
    director

Owner dependency

75/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.

Succession & seller-readiness

45/100
Moderate signal

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

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

Red flags

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Michael John Mchale
Individual · Scottish · DOB 07/1991 · age 35
75–100%
—75-100% shares08/10/2021
1 historic (ceased) PSC
  • Mr Jason Richard Nellyerceased 08/10/2021· significant influence

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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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
Incorporated2014-07-31
Jurisdictionscotland
Primary SIC69201 — Accounting and auditing activities

Registered office

Unit 4, Dewar House Carnegie Campus
Enterprise Way
Dunfermline
Fife
KY11 8PY
Scotland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-04-15
Last: 2026-04-01

Officers (1 active · 1 resigned)

MCHALE, Michael John→
director · ~35y · appointed 2021-09-04
View their other companies + combined net worth →
Active
NELLYER, Jason Richard→
director · ~55y · appointed 2014-07-31 · resigned 2021-10-08
Resigned

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

Recent filings (38 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2026-04-01
accounts-with-accounts-type-micro-entity
accounts · AA
2025-12-10
change-person-director-company-with-change-date
officers · CH01
2025-11-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-04
accounts-with-accounts-type-micro-entity
accounts · AA
2024-12-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-15
accounts-with-accounts-type-micro-entity
accounts · AA
2024-01-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-09-22
change-account-reference-date-company-previous-shortened
accounts · AA01
2022-06-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-22
change-account-reference-date-company-previous-shortened
accounts · AA01
2021-12-22
accounts-amended-with-accounts-type-micro-entity
accounts · AAMD
2021-12-16