BELTEQ LIMITED

💤Zombieactive
SC487373 · ltd · incorporated 2014-09-24
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
£768.0k
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
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 78/100 (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: Cash flow review and working-capital discipline. Cash down -98% YoY — forensic review of receivables, stock turns, and creditor days. 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
1 officers (1 active, 1 linked, 1 with DOB)
90
Ownership & PSC
1 active PSC(s) of 4 total, 4 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
41 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 £768,007
Net assets shrinking
Down £39,282 YoY
Cash draining
Cash down 98% YoY
Cash YoY
-98%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£4k
↓ 98% YoY
Net Worth
£768k
↓ 4.9% YoY
Current Assets
£247k
↓ 55% YoY
Current Liabilities
£0£161k£323k£484k£646k£807kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-312024-03-31
Total assets£1.01M£1.04M
Current assets£247.1k£546.8k
Cash£3.9k£195.1k
Debtors£243.2k£351.7k
Net assets£768.0k£807.3k

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
0
filings
Last 180 days
2
filings
  • 1 accounts
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (21 events)Click to expand
  1. 2026-01-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-07-02
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  3. 2025-07-02
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  4. 2025-02-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2025-01-22
    📄
    change-person-director-company-with-change-date
    officers · CH01
  6. 2023-12-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2022-09-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2022-08-08
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  9. 2022-08-03
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  10. 2022-03-28
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  11. 2022-03-24
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  12. 2022-01-13
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  13. 2022-01-13
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  14. 2021-12-22
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  15. 2021-12-22
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  16. 2021-12-22
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  17. 2021-12-22
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  18. 2021-12-07
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  19. 2021-04-06
    📄
    change-account-reference-date-company-previous-extended
    accounts · AA01
  20. 2014-09-24
    🏢
    Company incorporated
    As BELTEQ LIMITED
  21. 2014-09-24
    CLARK, Rodrick Alexander appointed
    director

Owner dependency

88/100
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
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +Senior director age: Director aged approximately 63 — approaching natural succession window.
  • +No director turnover: Company is 12 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

70/100
Strong succession signal

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

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 63. Approaching typical UK retirement age — succession thinking likely.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • 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.)

Group structure

Btec Holdings Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Btec Holdings Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
BELTEQ LIMITED
This company · SC487373

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%
NameSharesVoting rightsNature of controlNotified
Btec Holdings Limited
Corporate entity
75100%
75–100%board control75-100% shares · 75-100% voting · board control12/01/2022
3 historic (ceased) PSCs
  • Mr Rodrick Alexander Clarkceased 12/01/2022· 75-100% shares · 75-100% voting · board control
  • Btec Holdings Limitedceased 16/12/2021· 75-100% shares · 75-100% voting · board control
  • Mr Rodrick Alexander Clarkceased 16/12/2021· 75-100% shares · 75-100% voting · board control

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

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
Incorporated2014-09-24
Jurisdictionscotland
Primary SIC62012 — Business and domestic software development

Registered office

134 Calton Road
Edinburgh
EH8 8JQ
Scotland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-02-01
Last: 2026-01-18

Officers (1 active · 0 resigned)

CLARK, Rodrick Alexander
director · ~63y · appointed 2014-09-24
View their other companies + combined net worth →
Active

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

Recent filings (41 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-01-26
confirmation-statement-with-updates
confirmation-statement · CS01
2026-01-19
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2025-07-02
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-07-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-02-20
confirmation-statement-with-updates
confirmation-statement · CS01
2025-01-22
change-person-director-company-with-change-date
officers · CH01
2025-01-22
confirmation-statement-with-updates
confirmation-statement · CS01
2024-01-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-06
confirmation-statement-with-updates
confirmation-statement · CS01
2023-01-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-09-21
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2022-08-08
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-08-03
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2022-03-28
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-03-24