ULPIAN SYSTEMS LIMITED

🌳Matureactive
SC483484 · ltd · incorporated 2014-08-01
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 Jan 2025
Net worth
£62.8k
book net assets
Opportunity
78/100
Strong
🔔
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What this business does
Primary activity: Business and domestic software development
Sector: Information & communication
Investor take
Pursue
Asset-holding vehicle with a 70-year-old founder — textbook succession opportunity.

Opportunity 78/100 (strong), bankability 75/100. Strong seller-intent signal (63/100, director aged 70). Share purchase looks the cleaner deal structure. Most likely exit: strategic trade sale (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
20 officers (6 active, 20 linked, 16 with DOB)
86
Ownership & PSC
0 active PSC(s) of 2 total, 2 with control declared
90
Director network
4 connected companies via shared directors
57
Filing history
85 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
78/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £62,762

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
£63k
↑ 1814% YoY
Current Assets
£17k
↓ 14% YoY
Current Liabilities
£0£13k£25k£38k£50k£63kJan 2024Jan 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-01-312024-01-31
Total assets£12.3k£3.9k
Current assets£17.3k£20.0k
Net assets£62.8k£3.3k

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 (56 events)Click to expand
  1. 2025-10-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-10-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2024-02-01
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  4. 2024-01-31
    WHITE, Anthony John resigned
    director
  5. 2024-01-16
    📄
    capital-allotment-shares
    capital · SH01
  6. 2023-10-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2023-09-20
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  8. 2023-08-31
    PETERSEN, Philip Mark resigned
    director
  9. 2023-06-28
    📄
    capital-allotment-shares
    capital · SH01
  10. 2022-10-04
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2022-09-16
    📄
    capital-allotment-shares
    capital · SH01
  12. 2022-08-25
    📄
    second-filing-capital-allotment-shares
    capital · RP04SH01
  13. 2022-08-09
    📄
    change-person-director-company-with-change-date
    officers · CH01
  14. 2022-07-19
    📄
    notification-of-a-person-with-significant-control-statement
    persons-with-significant-control · PSC08
  15. 2022-07-19
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  16. 2022-06-24
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  17. 2022-06-16
    NICOL, Craig Orr appointed
    director
  18. 2022-05-10
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  19. 2022-05-09
    LAKE, Jonathan resigned
    director
  20. 2022-04-19
    📄
    second-filing-capital-allotment-shares
    capital · RP04SH01
  21. 2022-04-19
    📄
    resolution
    resolution · RESOLUTIONS
  22. 2022-04-18
    📄
    capital-allotment-shares
    capital · SH01
  23. 2022-02-03
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  24. 2022-02-03
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  25. 2022-01-25
    📄
    memorandum-articles
    incorporation · MA
  26. 2021-12-20
    THORNTONS LAW LLP appointed
    corporate-secretary
  27. 2021-12-08
    WHITE, Anthony John appointed
    director
  28. 2021-11-23
    MILLIGAN, Peter resigned
    director
  29. 2021-11-23
    MILLIGAN, Sarah Jane resigned
    director
  30. 2021-11-23
    PETERSEN, Philip Mark appointed
    director
  31. 2021-04-16
    BYERS, Andrew John resigned
    director
  32. 2021-04-16
    WADDELL, John Maclaren Ogilvie resigned
    director
  33. 2021-01-29
    DAVIDSON, Blair appointed
    secretary
  34. 2021-01-29
    LAKE, Jonathan resigned
    secretary
  35. 2021-01-29
    MILLIGAN, Sarah resigned
    secretary
  36. 2020-08-13
    BOGGS, Peter Lawson resigned
    director
  37. 2020-07-01
    BYERS, Andrew John appointed
    director
  38. 2020-07-01
    WADDELL, John Maclaren Ogilvie appointed
    director
  39. 2019-08-01
    YOUNG, Eric Macfie resigned
    director
  40. 2019-03-18
    NEVILLE-TOWLE, Richard Anthony appointed
    director
  41. 2019-03-18
    TAYLOR, Miranda Bryn resigned
    director
  42. 2017-12-05
    TAYLOR, Miranda Bryn appointed
    director
  43. 2017-11-27
    YOUNG, Eric Macfie appointed
    director
  44. 2017-06-27
    DAVIDSON, Blair appointed
    director
  45. 2017-06-27
    HENDERSON, Lisa Margaret resigned
    director
  46. 2017-03-09
    GAILEY, John resigned
    director
  47. 2016-09-29
    BOGGS, Peter Lawson appointed
    director
  48. 2015-09-17
    HENDERSON, Lisa Margaret appointed
    director
  49. 2015-09-04
    MILLIGAN, Sarah Jane appointed
    director
  50. 2014-08-01
    🏢
    Company incorporated
    As ULPIAN SYSTEMS LIMITED
Showing most recent 50 of 56 events

Owner dependency

55/100
Moderate — manageable with handover

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

FACTORS
  • -4 active directors: Broader management team in place — suggests transferable governance.
  • +Founder age: Director aged approximately 70 — succession pressure is live.

Succession & seller-readiness

65/100
Strong succession signal

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

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 70 years old. Natural succession window is now.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

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

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
Incorporated2014-08-01
Jurisdictionscotland
Primary SIC62012 — Business and domestic software development

Registered office

6 Atholl Crescent
Perth
PH1 5JN
Scotland

Filing status

Accounts
Next due: 2026-10-31
Last made up to: 2025-01-31
Confirmation statement
Next due: 2026-07-20
Last: 2025-07-06

Officers (6 active · 14 resigned)

DAVIDSON, Blair
secretary · appointed 2021-01-29
View their other companies + combined net worth →
Active
THORNTONS LAW LLP
corporate-secretary · appointed 2021-12-20
View their other companies + combined net worth →
Active
DAVIDSON, Blair
director · ~59y · appointed 2017-06-27
View their other companies + combined net worth →
Active
JUTRZENKA, Charles Eric
director · ~45y · appointed 2014-08-01
View their other companies + combined net worth →
Active
NEVILLE-TOWLE, Richard Anthony
director · ~70y · appointed 2019-03-18
View their other companies + combined net worth →
Active
NICOL, Craig Orr
director · ~55y · appointed 2022-06-16
View their other companies + combined net worth →
Active
LAKE, Jonathan
secretary · appointed 2014-08-01 · resigned 2021-01-29
Resigned
MILLIGAN, Sarah
secretary · appointed 2014-08-01 · resigned 2021-01-29
Resigned
BOGGS, Peter Lawson
director · ~78y · appointed 2016-09-29 · resigned 2020-08-13
Resigned
BYERS, Andrew John
director · ~58y · appointed 2020-07-01 · resigned 2021-04-16
Resigned
GAILEY, John
director · ~68y · appointed 2014-08-01 · resigned 2017-03-09
Resigned
HENDERSON, Lisa Margaret
director · ~57y · appointed 2015-09-17 · resigned 2017-06-27
Resigned
LAKE, Jonathan
director · ~59y · appointed 2014-08-01 · resigned 2022-05-09
Resigned
MILLIGAN, Peter
director · ~61y · appointed 2014-08-01 · resigned 2021-11-23
Resigned
MILLIGAN, Sarah Jane
director · ~58y · appointed 2015-09-04 · resigned 2021-11-23
Resigned
PETERSEN, Philip Mark
director · ~64y · appointed 2021-11-23 · resigned 2023-08-31
Resigned
TAYLOR, Miranda Bryn
director · ~42y · appointed 2017-12-05 · resigned 2019-03-18
Resigned
WADDELL, John Maclaren Ogilvie
director · ~70y · appointed 2020-07-01 · resigned 2021-04-16
Resigned
WHITE, Anthony John
director · ~68y · appointed 2021-12-08 · resigned 2024-01-31
Resigned
YOUNG, Eric Macfie
director · ~71y · appointed 2017-11-27 · resigned 2019-08-01
Resigned

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

Recent filings (85 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2025-10-27
confirmation-statement-with-updates
confirmation-statement · CS01
2025-07-14
accounts-with-accounts-type-micro-entity
accounts · AA
2024-10-31
confirmation-statement-with-updates
confirmation-statement · CS01
2024-08-08
termination-director-company-with-name-termination-date
officers · TM01
2024-02-01
capital-allotment-shares
capital · SH01
2024-01-16
accounts-with-accounts-type-micro-entity
accounts · AA
2023-10-30
termination-director-company-with-name-termination-date
officers · TM01
2023-09-20
confirmation-statement-with-updates
confirmation-statement · CS01
2023-07-10
capital-allotment-shares
capital · SH01
2023-06-28
accounts-with-accounts-type-micro-entity
accounts · AA
2022-10-04
capital-allotment-shares
capital · SH01
2022-09-16
second-filing-capital-allotment-shares
capital · RP04SH01
2022-08-25
change-person-director-company-with-change-date
officers · CH01
2022-08-09
confirmation-statement-with-updates
confirmation-statement · CS01
2022-07-20