CORDNET LIMITED

🌳Matureactive
SC495009 · ltd · incorporated 2015-01-13
Investment thesis
Well-run mature business — low negotiation leverage; premium likely.
Why interesting: Textbook target; clean filings, stable trading.
Why risky: No pressure on seller; any deal likely at full price.
Opportunity decay
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
  • · Thesis: well-run, low negotiation leverage
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£13.2k
book net assets
Opportunity
79/100
Strong
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What this business does
Primary activity: Information technology consultancy activities
Sector: Information & communication
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 79/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: strategic trade sale (73/100).

Data confidence

Overall: medium (77/100)

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
4 officers (3 active, 4 linked, 3 with DOB)
85
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
31 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
79/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
75
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 · FRS 105 (micro)
Positive net assets
Net assets £13,186

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£13k
↑ 73% YoY
Current Assets
£35k
↑ 13% YoY
Current Liabilities
—
£0£7k£14k£21k£28k£35kMar 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£28.2k£30.1k
Current assets£35.1k£31.0k
Net assets£13.2k£7.6k

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
4
filings
  • • 2 persons-with-significant-control
  • • 1 accounts
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (21 events)Click to expand
  1. 2026-01-20
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2026-01-12
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  3. 2026-01-12
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  4. 2024-12-20
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2023-12-20
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2023-01-09
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2022-01-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2021-01-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2019-10-30
    ➕
    GOLD, Allen Richard appointed
    director
  10. 2019-10-30
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  11. 2019-10-30
    📄
    change-account-reference-date-company-current-extended
    accounts · AA01
  12. 2019-10-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2018-10-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  14. 2018-01-24
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  15. 2018-01-23
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  16. 2018-01-09
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  17. 2015-04-01
    ➕
    GOLD, Kathryn Ann appointed
    secretary
  18. 2015-04-01
    ➕
    GOLD, Kathryn Ann appointed
    director
  19. 2015-04-01
    ➖
    GOLD, Allen Richard resigned
    director
  20. 2015-01-13
    🏢
    Company incorporated
    As CORDNET LIMITED
  21. 2015-01-13
    ➕
    GOLD, Allen Richard appointed
    director

Owner dependency

74/100
High — earn-out structure required

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

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Senior director age: Director aged approximately 64 — approaching natural succession window.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

61/100
Strong succession signal

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

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 64. Approaching typical UK retirement age — succession thinking likely.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • 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.)

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mrs Kathryn Ann Gold
Individual · British · DOB 05/1965 · age 61
25–50%
25–50%board control25-50% shares · 25-50% voting · board control09/01/2021
Mr Allen Richard Gold
Individual · British · DOB 09/1962 · age 64
25–50%
25–50%board control25-50% shares · 25-50% voting · board control01/09/2016

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

6 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
Incorporated2015-01-13
Jurisdictionscotland
Primary SIC62020 — Information technology consultancy activities

Registered office

1 Forkneuk Road
Uphall
Broxburn
West Lothian
EH52 6BL

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-01-23
Last: 2026-01-09

Officers (3 active · 1 resigned)

GOLD, Kathryn Ann→
secretary · appointed 2015-04-01
View their other companies + combined net worth →
Active
GOLD, Allen Richard→
director · ~64y · appointed 2019-10-30
View their other companies + combined net worth →
Active
GOLD, Kathryn Ann→
director · ~61y · appointed 2015-04-01
View their other companies + combined net worth →
Active
GOLD, Allen Richard→
director · ~64y · appointed 2015-01-13 · resigned 2015-04-01
Resigned

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

Recent filings (31 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2026-01-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-15
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2026-01-12
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-01-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-17
accounts-with-accounts-type-micro-entity
accounts · AA
2024-12-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-10
accounts-with-accounts-type-micro-entity
accounts · AA
2023-12-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-02-03
accounts-with-accounts-type-micro-entity
accounts · AA
2023-01-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-02-11
accounts-with-accounts-type-micro-entity
accounts · AA
2022-01-31
confirmation-statement-with-updates
confirmation-statement · CS01
2021-01-29
accounts-with-accounts-type-micro-entity
accounts · AA
2021-01-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-01-09