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.

Why now

Window steady · low confidence

Steady and stalled — no momentum either way. Needs an approach trigger.

What changed my view

Last 30 days

No material changes in the last 30 days.

Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒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

Lenders & charges

Confirmed no charges registered

Directors & officers

1 officers (1 active, 1 linked, 1 with DOB)

Ownership & PSC

1 active PSC(s) of 4 total, 4 with control declared

Director network

3 connected companies via shared directors

Filing history

41 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

78/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

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

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2025-03-31	2024-03-31
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

filings

Last 90 days

filings

Last 180 days

filings

• 1 accounts
• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (21 events)Click to expand

2026-01-26
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-07-02
📄
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
2025-02-20
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-01-22
📄
change-person-director-company-with-change-date
officers · CH01
2023-12-06
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-09-21
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-08-08
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2022-08-03
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-03-28
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2022-03-24
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-01-13
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2022-01-13
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2021-12-22
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2021-12-22
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2021-12-22
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2021-12-22
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2021-12-07
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-04-06
📄
change-account-reference-date-company-previous-extended
accounts · AA01
2014-09-24
🏢
Company incorporated
As BELTEQ LIMITED
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%

Name	Shares	Voting rights	Nature of control	Notified
Btec Holdings Limited Corporate entity	75–100%	75–100%	board control75-100% shares · 75-100% voting · board control	12/01/2022

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 →

Similar companies

Active · Technology · EH postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
SEEBYTE LIMITED→ SC194014 · est 1999	£6.84M £4.88M–£8.79M	£10.82M	—	8800	27y	92	61y
CANONGATE BOOKS LIMITED→ SC152259 · est 1994	£6.02M £4.30M–£7.74M	—	—	64	31y	85	65y
EXTRAORDINARY MANAGED SERVICES LIMITED→ SC214448 · est 2001 · no financials extracted	—	—	—	—	25y	83	58y
INFOGISTICS LIMITED→ SC208321 · est 2000	—	—	—	700	26y	83	60y
INTELLIGENT MOBILE LIMITED→ SC266060 · est 2004	—	—	—	—	22y	83	66y
MICROSYS SOLUTIONS LIMITED→ SC185715 · est 1998	—	—	£140.2k	—	28y	83	59y
NDI TECHNOLOGIES LTD.→ SC173002 · est 1997 · no financials extracted	—	—	—	—	29y	83	93y
NETWORK ROI LTD→ SC299422 · est 2006	—	—	£161.9k	—	20y	83	71y
NILE HQ LTD→ SC306908 · est 2006	—	—	—	40	19y	83	63y
NW SECURITY GROUP LIMITED→ SC177283 · est 1997	—	—	£753.2k	—	28y	83	69y
OCCUPANCY MARKETING LIMITED→ SC360835 · est 2009	—	—	£2.10M	—	17y	83	60y
OPTIMISE HOLDINGS LIMITED→ SC291827 · est 2005	—	—	—	300	20y	83	63y

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