R3 IOT LIMITED
Opportunity 34/100 (pass), bankability 35/100. Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: distressed disposal / insolvency (65/100). Current lenders should be on immediate intervention.
Refinance opportunity
1 live charge · oldest 1.2y
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Newest facility, 1.2 years old — likely still in initial term.
- · Single lender — cleanest path to refinance.
- · Legal-friction score 43/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (78/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Clear signal to pass. Time better spent elsewhere unless you have a specific strategic angle.
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 | 2024-06-30 | 2023-06-30 |
|---|---|---|
| Cash | £1.49M | £37.8k |
| Net assets | £2.41M | £717.8k |
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 insolvency
- • 1 insolvency
- • 2 insolvency
Corporate timeline (39 events)Click to expand
- 2026-06-09⚠️liquidation-in-administration-extension-of-period-scotlandinsolvency · AM19(Scot)
- 2026-01-06⚠️liquidation-in-administration-progress-report-scotlandinsolvency · AM10(Scot)
- 2025-09-18📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-09-18📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-09-18📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-09-18📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-09-08➖CANNON, Allan John Gavin resigneddirector
- 2025-09-08➖JOHNSON, Ryan resigneddirector
- 2025-09-08➖QUILLIEN, Kevin Alexandre resigneddirector
- 2025-09-08➖SCRIVENER, Clive Gerald resigneddirector
- 2025-09-01⚠️liquidation-in-administration-notice-deemed-approval-of-proposals-scotlandinsolvency · AM06(Scot)
- 2025-08-28⚠️liquidation-in-administration-statement-of-affairs-with-form-attached-scotlandinsolvency · AM02(Scot)
- 2025-08-20⚠️liquidation-in-administration-notice-administrators-proposals-scotlandinsolvency · AM03(Scot)
- 2025-06-26⚠️liquidation-in-administration-appointment-of-administrator-scotlandinsolvency · AM01(Scot)
- 2025-06-25📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2025-04-17📄resolutionresolution · RESOLUTIONS
- 2025-04-17📄memorandum-articlesincorporation · MA
- 2025-04-07📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-03-31🔒Charge registered #1Lender: Scottish National Investment Bank PLC
- 2025-03-20📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-03-07📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2025-03-06📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-03-06📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2024-06-05📄capital-allotment-sharescapital · SH01
- 2024-06-05📄resolutionresolution · RESOLUTIONS
- 2024-02-09📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-11-24📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2023-11-24📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2023-07-25➖ANDERSON, Chad Clark resigneddirector
- 2023-07-25➕SCRIVENER, Clive Gerald appointeddirector
- 2023-02-13➕JOHNSON, Ryan appointeddirector
- 2023-02-13➖MURRAY, Stephen resigneddirector
- 2023-02-13➖SAMUEL, Craig Andrew resigneddirector
- 2021-07-14➕ANDERSON, Chad Clark appointeddirector
- 2021-07-14➕MURRAY, Stephen appointeddirector
- 2021-07-14➕SAMUEL, Craig Andrew appointeddirector
- 2018-06-18🏢Company incorporatedAs R3 IOT LIMITED
- 2018-06-18➕CANNON, Allan John Gavin appointeddirector
- 2018-06-18➕QUILLIEN, Kevin Alexandre appointeddirector
Owner dependency
Some founder dependency, but not acute. A structured handover period should cover most risk.
Succession & seller-readiness
Limited succession signal. Not a near-term off-market candidate.
Red flags
3 high · 1 med ·Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.
Evidence: Next due: 2026-03-31
Company is in a formal insolvency or administration process. Treat accordingly.
Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2026-06-09: liquidation-in-administration-extension-of-period-scotland; 2026-01-06: liquidation-in-administration-progress-report-scotland
Multiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.
Evidence: CANNON, Allan John Gavin resigned 2025-09-08; JOHNSON, Ryan resigned 2025-09-08; QUILLIEN, Kevin Alexandre resigned 2025-09-08
Group structure
Scottish Investments Limited holds 25-50% — a significant corporate investor but not a controlling parent.
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
1 active beneficial owner| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Scottish Investments Limited Corporate entity | 25–50% | 25–50% | board control25-50% shares · 25-50% voting · board control | 03/06/2024 |
2 historic (ceased) PSCs
- Mr Allan John Gavin Cannonceased 03/06/2024· 25-50% shares · 25-50% voting
- Mr Kevin Alexandre Quillienceased 03/06/2024· 25-50% shares · 25-50% voting
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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11 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 (0 active · 7 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Scottish National Investment Bank Scottish National Investment Bank PLC | A registered charge | — | 31/03/2025 | — |