IT CENTRAL (SCOTLAND) LIMITED
Opportunity 44/100 (watch), bankability 50/100. High owner-dependency — earn-out structure likely required for clean transition. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -85% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: distressed disposal / insolvency (85/100). Current lenders should be on monthly review.
Data confidence
Overall: medium (78/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Not actionable now, but monitor — distressed, succession, or structural changes could flip this into a real opportunity.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredKey financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-08-31 | 2024-08-31 |
|---|---|---|
| Total assets | £-212.6k | £-145.1k |
| Current assets | £1.2k | £4.1k |
| Cash | £284 | £1.9k |
| Debtors | £941 | £2.2k |
| Net assets | £-251.1k | £-189.9k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
2 signals 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
- • 1 address
- • 1 insolvency
- • 2 insolvency
- • 1 address
- • 1 accounts
- • 2 insolvency
- • 1 address
- • 1 accounts
Corporate timeline (18 events)Click to expand
- 2026-04-02📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2026-04-01⚠️liquidation-compulsory-notice-winding-up-order-court-scotlandinsolvency · WU01(Scot)
- 2026-03-17📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2026-03-16⚠️liquidation-appointment-of-provisional-liquidator-court-scotlandinsolvency · WU02(Scot)
- 2025-04-08📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-05-22📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-05-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-06-03📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-04-14📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2021-02-08📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-04-07📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-10-02📄change-person-director-company-with-change-dateofficers · CH01
- 2019-10-02📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2019-05-20📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-03-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-09-11📄change-person-director-company-with-change-dateofficers · CH01
- 2015-08-03🏢Company incorporatedAs IT CENTRAL (SCOTLAND) LIMITED
- 2015-08-03➕MIDLANE, Lee Elizabeth appointeddirector
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Sole director: Only one active director — all governance concentrated on one person.
- +No director turnover: Company is 11 years old with no director changes — suggests a very tight-knit founder team never broadened.
Succession & seller-readiness
Some succession indicators present. Worth watching; approach if sector/strategy fits.
- 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
2 high ·Company is actively being wound up. Not a going concern.
Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2026-04-01: liquidation-compulsory-notice-winding-up-order-court-scotland; 2026-03-16: liquidation-appointment-of-provisional-liquidator-court-scotland
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mrs Lee Elizabeth Midlane Individual · Scottish · DOB 02/1973 · age 53 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 02/08/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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10 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 →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
Registered office
Filing status
Officers (1 active · 0 resigned)
Click a director name to see their full track record across all companies.