EDGEVENTURE LTD

🚨Distressedactive
SC600881 · ltd · incorporated 2018-06-25
Investment thesis
Distressed but structurally messy — likely a value trap without major surgery.
Why interesting: Headline may look cheap; sector may be recovering.
Why risky: Critical deal-killers in ownership or security; closing cost and post-deal clean-up likely to dominate.
🔒Estimated value
Upgrade to see
Turnover
year to Jun 2024
Net worth
£-67.0k
book net assets
Opportunity
62/100
Worth a look
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What this business does
Primary activity: Business and domestic software development
Sector: Information & communication
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 62/100 (worth a look), bankability 55/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. 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 monthly review.

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, 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
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
20 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
62/100Worth a look
PassWatchWorth a lookStrongExceptional 

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality
50
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Negative net assets
Liabilities exceed assets by £67,039
High leverage
Liabilities are 100% of total assets
Leverage
100%
Liabilities / Total assets

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
-£67k
~ YoY
Current Assets
£3k
↑ 30% YoY
Current Liabilities
-£68k-£53k-£39k-£25k-£11k£3kJun 2023Jun 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-06-302023-06-30
Total assets£4.0k£3.3k
Current assets£3.0k£2.3k
Net assets£-67.0k£-67.5k

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
0
filings
Counts from Companies House filing history.
Corporate timeline (16 events)Click to expand
  1. 2025-04-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-04-03
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2023-04-08
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2022-05-05
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  5. 2022-04-20
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2021-03-04
    📄
    capital-allotment-shares
    capital · SH01
  7. 2021-01-20
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  8. 2021-01-20
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  9. 2021-01-20
    📄
    capital-allotment-shares
    capital · SH01
  10. 2021-01-20
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  11. 2021-01-15
    MIRANDA, David appointed
    director
  12. 2020-08-13
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2020-03-09
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  14. 2018-06-25
    🏢
    Company incorporated
    As EDGEVENTURE LTD
  15. 2018-06-25
    SMILLIE, Paul Anthony appointed
    director
  16. 2018-06-25
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

63/100
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.
  • +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 signal

Limited 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

1 high ·
Accounts overdue
high

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

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Paul Anthony Smillie
Individual · Scottish · DOB 03/1982 · age 44
5075%
50–75%board control50-75% shares · 50-75% voting · board control25/06/2018
Mr David Miranda
Individual · British · DOB 11/1984 · age 42
2550%
25–50%board control25-50% shares · 25-50% voting · board control18/01/2021

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

9 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
Incorporated2018-06-25
Jurisdictionscotland
Primary SIC62012 — Business and domestic software development

Registered office

27 Lauriston Street
Edinburgh
EH3 9DQ
United Kingdom

Filing status

Accounts
Next due: 2026-03-31OVERDUE
Last made up to: 2024-06-30
Confirmation statement
Next due: 2026-07-08
Last: 2025-06-24

Officers (2 active · 0 resigned)

MIRANDA, David
director · ~42y · appointed 2021-01-15
View their other companies + combined net worth →
Active
SMILLIE, Paul Anthony
director · ~44y · appointed 2018-06-25
View their other companies + combined net worth →
Active

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

Recent filings (20 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-08-05
accounts-with-accounts-type-micro-entity
accounts · AA
2025-04-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-02
accounts-with-accounts-type-micro-entity
accounts · AA
2024-04-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-07-14
accounts-with-accounts-type-micro-entity
accounts · AA
2023-04-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-06-24
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-05-05
accounts-with-accounts-type-micro-entity
accounts · AA
2022-04-20
confirmation-statement-with-updates
confirmation-statement · CS01
2021-08-03
capital-allotment-shares
capital · SH01
2021-03-04
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2021-01-20
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2021-01-20
capital-allotment-shares
capital · SH01
2021-01-20
appoint-person-director-company-with-name-date
officers · AP01
2021-01-20