PRG NETWORKS LTD
🏛️Establishedactive
SC591095 · ltd · incorporated 2018-03-12
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£263.7k
book net assets
Opportunity
72/100
Strong
What this business does
Primary activity: Wired telecommunications activities
Sector: Information & communication
ALSO REGISTERED FOR
- 61200Wireless telecommunications activities
Investor take
PursueStrong opportunity: asset-holding vehicle with strong profile and bankable structure.
Opportunity 72/100 (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 (65/100).
Data confidence
Overall: medium (78/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Company profile
address, 2 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
2 officers (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
19 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
72/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
65
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 102Positive net assets
Net assets £263,657
Cash YoY
+25%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£239k
↑ 25% YoY
Net Worth
£264k
↑ 22% YoY
Current Assets
£239k
↑ 25% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Total assets | £310.7k | £263.1k |
| Current assets | £238.5k | £190.9k |
| Cash | £238.5k | £190.9k |
| Debtors | £2 | £2 |
| Net assets | £263.7k | £216.1k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
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
Last 30 days
0
filings
Last 90 days
1
filing
- • 1 confirmation-statement
Last 180 days
1
filing
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (14 events)Click to expand
- 2025-06-20📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-07-11📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-07-13📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-07-08📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-07-09📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-06-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-06-30📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2020-06-30📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2019-08-29📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2019-05-07📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-03-12🏢Company incorporatedAs PRG NETWORKS LTD
- 2018-03-12➕GARDINER, Oliver appointeddirector
- 2018-03-12➕MILLIGAN, Craig appointeddirector
- 2018-03-12📄incorporation-companyincorporation · NEWINC
Owner dependency
63/100
High — earn-out structure requiredMaterial 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.
- +No director turnover: Company is 8 years old with no director changes — suggests a very tight-knit founder team never broadened.
Succession & seller-readiness
36/100
Weak signalLimited succession signal. Not a near-term off-market candidate.
SIGNALS
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
Red flags
cleanNo 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| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Oliver Gardiner Individual · British · DOB 07/1990 · age 36 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 12/03/2018 |
Mr Craig Milligan Individual · Scottish · DOB 07/1977 · age 49 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 12/03/2018 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Similar companies
Active · Technology · KA postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| J-LIKE LTD→ SC716616 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| MARU ICT LIMITED→ SC845959 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| MCINNES TECHNOLOGY LTD→ SC424566 · est 2012 · no financials extracted | — | — | — | — | 13y | — | — |
| MLT DIGITAL LIMITED→ SC297629 · est 2006 · no financials extracted | — | — | — | — | 20y | — | — |
| ONE VISION COMPUTING LIMITED→ SC114314 · est 1988 · no financials extracted | — | — | — | — | 37y | — | — |
| OUR PLANET OUR PEOPLE LTD→ SC744701 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| PRISM COMMUNICATIONS GROUP LIMITED→ SC555006 · est 2017 · no financials extracted | — | — | — | — | 9y | — | — |
| PULSE DIGITAL MEDIA LIMITED→ SC883548 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| REFLECTION FILMS LTD→ SC750777 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| REGULUS GROUP LTD→ SC876383 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| RENOVA LABS LTD→ SC790901 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| RIGHT2USE LIMITED→ SC228356 · est 2002 · no financials extracted | — | — | — | — | 24y | — | — |
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
Incorporated2018-03-12
Jurisdictionscotland
Primary SIC61100 — Wired telecommunications activities
Registered office
2 Aspen Way
Perceton
Irvine
KA11 2GQ
Scotland
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-03-25
Last: 2026-03-11
Officers (2 active · 0 resigned)
GARDINER, Oliver→
Activedirector · ~36y · appointed 2018-03-12
View their other companies + combined net worth →
MILLIGAN, Craig→
Activedirector · ~49y · appointed 2018-03-12
View their other companies + combined net worth →
Click a director name to see their full track record across all companies.
Recent filings (19 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-06-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-07-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-07-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-07-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-07-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-03-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-06-30
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2020-06-30
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2020-06-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-03-18