NEWKEYLETS LIMITED

💤Zombieactive

SC581711 · ltd · incorporated 2017-11-16

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 Nov 2024

Net worth

£-35.4k

book net assets

Opportunity

76/100

Strong

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch

What this business does

Primary activity: Other information technology service activities

Sector: Information & communication

ALSO REGISTERED FOR

63990Other information service activities n.e.c.
68320Management of real estate on a fee or contract basis

Investor take

Pass (distressed without resilience)

Distressed active trading company — structural issues outweigh the discount.

Opportunity 76/100 (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: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (73/100).

Data confidence

Overall: medium (79/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile

address, 3 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

2 officers (2 active, 2 linked, 1 with DOB)

Ownership & PSC

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

Director network

4 connected companies via shared directors

Filing history

23 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

76/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Adequate — check latest filings for context.

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

Negative net assets

Liabilities exceed assets by £35,431

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

-£35k

↑ 43% YoY

Current Assets

£46k

↓ 19% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2024-11-30	2023-11-30
Total assets	£33.7k	£35.1k
Current assets	£45.9k	£56.6k
Net assets	£-35.4k	£-61.9k

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

Recent activity

Last 30 days

filings

Last 90 days

filings

Last 180 days

filing

• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (18 events)Click to expand

2025-09-06
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2025-06-10
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-06-30
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2023-08-30
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-08-30
📄
change-person-director-company-with-change-date
officers · CH01
2023-08-29
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2022-08-24
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2021-12-10
📄
change-person-director-company-with-change-date
officers · CH01
2021-12-10
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2021-09-29
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2020-10-26
📄
change-person-director-company-with-change-date
officers · CH01
2020-10-26
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2020-09-04
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2019-07-29
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2017-11-16
🏢
Company incorporated
As NEWKEYLETS LIMITED
2017-11-16
➕
SMITH, Andrew appointed
secretary
2017-11-16
➕
SMITH, Andrew appointed
director
2017-11-16
📄
incorporation-company
incorporation · NEWINC

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 58 — approaching natural succession window.
+No director turnover: Company is 9 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

55/100

Strong succession signal

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

SIGNALS

secondaryFounder aged 58+: Senior director is approximately 58. Early succession window.
primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

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

1 active beneficial owner · dominant holder ≥75%

Name	Shares	Voting rights	Nature of control	Notified
Mr Andrew Smith Individual · British · DOB 09/1968 · age 58	75–100%	—	75-100% shares	16/11/2017

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

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Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
PING NETWORK SOLUTIONS LIMITED→ SC365069 · est 2009	£9.93M £7.10M–£12.77M	£25.49M	—	10300	16y	85	74y
ALPHATEC SOFTWARE LIMITED→ SC164246 · est 1996	—	—	£754.0k	—	30y	83	70y
ASSET GUARDIAN SOLUTIONS LIMITED→ SC375944 · est 2010	—	—	—	1300	16y	83	65y
HIPER LIMITED→ SC181696 · est 1997	—	—	£167.9k	—	28y	83	61y
LOCAL PLANET SOLUTIONS LIMITED→ SC169179 · est 1996	—	—	£73.9k	—	29y	83	61y
INTELLIGENT STORAGE SOLUTIONS LTD.→ SC257862 · est 2003	—	—	£120.7k	—	22y	82	61y
M2 TECHNICAL SERVICES LIMITED→ SC130107 · est 1991	—	—	£23.5k	—	35y	82	65y
TARUS LIMITED→ SC188881 · est 1998	—	—	£144.8k	—	27y	82	59y
CAMWICK LIMITED→ SC316020 · est 2007	—	—	£6.7k	—	19y	81	64y
COATBRIDGE CITIZENS ADVICE BUREAU→ SC194748 · est 1999 · no financials extracted	—	—	—	—	27y	81	85y
INDUSTRIAL SOFTWARE SOLUTIONS LIMITED→ SC196584 · est 1999	—	—	£285.2k	—	26y	81	61y
ORR CONSULTING LIMITED→ SC393158 · est 2011	—	—	£20.2k	—	15y	81	58y

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

Incorporated2017-11-16

Jurisdictionscotland

Primary SIC62090 — Other information technology service activities

Registered office

6 Sneddon Avenue

Wishaw

ML2 8DX

Scotland

Filing status

Accounts

Next due: 2026-08-31

Last made up to: 2024-11-30

Confirmation statement

Next due: 2026-11-29

Last: 2025-11-15

Officers (2 active · 0 resigned)

SMITH, Andrew→

secretary · appointed 2017-11-16

View their other companies + combined net worth →

Active

SMITH, Andrew→

director · ~58y · appointed 2017-11-16

View their other companies + combined net worth →

Active

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

Recent filings (23 total)

confirmation-statement-with-updates

confirmation-statement · CS01

2025-12-22

accounts-with-accounts-type-micro-entity

accounts · AA

2025-09-06

change-registered-office-address-company-with-date-old-address-new-address

address · AD01

2025-06-10

confirmation-statement-with-no-updates

confirmation-statement · CS01

2025-01-06

accounts-with-accounts-type-micro-entity

accounts · AA

2024-06-30

confirmation-statement-with-no-updates

confirmation-statement · CS01

2023-12-21

change-to-a-person-with-significant-control

persons-with-significant-control · PSC04

2023-08-30

change-person-director-company-with-change-date

officers · CH01

2023-08-30

accounts-with-accounts-type-micro-entity

accounts · AA

2023-08-29

confirmation-statement-with-no-updates

confirmation-statement · CS01

2022-12-23

accounts-with-accounts-type-micro-entity

accounts · AA

2022-08-24

change-person-director-company-with-change-date

officers · CH01

2021-12-10

change-to-a-person-with-significant-control

persons-with-significant-control · PSC04

2021-12-10

confirmation-statement-with-no-updates

confirmation-statement · CS01

2021-12-10

accounts-with-accounts-type-micro-entity

accounts · AA

2021-09-29