SHORTBREAD VENTURES LTD

💤Zombieactive
SC655292 · ltd · incorporated 2020-02-21
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.
🔒Estimated value
Upgrade to see
Turnover
year to Feb 2026
Net worth
book net assets
Opportunity
64/100
Worth a look
🔔
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What this business does
Primary activity: Business and domestic software development
Sector: Information & communication
ALSO REGISTERED FOR
  • 85510Sports and recreation education
  • 85600Educational support services
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 64/100 (worth a look), bankability 65/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: Confirmation statement overdue. Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal. 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, 3 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 (1 active, 2 linked, 2 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 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
64/100Worth a look
PassWatchWorth a lookStrongExceptional 

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

Business quality
55
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.

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
Current Assets
Current Liabilities
£0£0£0£0£0£0Feb 2025Feb 2026

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2026-02-282025-02-28

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
2
filings
  • 1 gazette
  • 1 dissolution
Last 90 days
3
filings
  • 1 gazette
  • 1 dissolution
  • 1 accounts
Last 180 days
3
filings
  • 1 gazette
  • 1 dissolution
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (19 events)Click to expand
  1. 2026-05-12
    📄
    gazette-notice-voluntary
    gazette · GAZ1(A)
  2. 2026-05-02
    📄
    dissolution-application-strike-off-company
    dissolution · DS01
  3. 2026-03-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2025-10-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2024-11-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2024-08-07
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  7. 2024-08-01
    HIGGINS, Peter Anthony resigned
    director
  8. 2023-04-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2023-04-03
    HIGGINS, Peter Anthony appointed
    director
  10. 2023-04-03
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  11. 2022-12-07
    📄
    change-person-director-company-with-change-date
    officers · CH01
  12. 2022-11-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2022-07-06
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  14. 2022-06-22
    📄
    accounts-amended-with-accounts-type-micro-entity
    accounts · AAMD
  15. 2021-11-16
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  16. 2020-03-11
    📄
    change-person-director-company-with-change-date
    officers · CH01
  17. 2020-02-21
    🏢
    Company incorporated
    As SHORTBREAD VENTURES LTD
  18. 2020-02-21
    SCHWAAR, Lauren Elizabeth appointed
    director
  19. 2020-02-21
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

75/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.

Succession & seller-readiness

45/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

Red flags

1 high ·
Confirmation statement overdue
high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2026-03-03

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Miss Lauren Elizabeth Schwaar
Individual · American · DOB 06/1991 · age 35
75100%
75–100%board control75-100% shares · 75-100% voting · board control21/02/2020

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

8 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
Incorporated2020-02-21
Jurisdictionscotland
Primary SIC62012 — Business and domestic software development

Registered office

5 South Charlotte Street
Edinburgh
EH2 4AN
Scotland

Filing status

Accounts
Next due: 2027-11-30
Last made up to: 2026-02-28
Confirmation statement
Next due: 2026-03-03OVERDUE
Last: 2025-02-17

Officers (1 active · 1 resigned)

SCHWAAR, Lauren Elizabeth
director · ~35y · appointed 2020-02-21
View their other companies + combined net worth →
Active
HIGGINS, Peter Anthony
director · ~61y · appointed 2023-04-03 · resigned 2024-08-01
Resigned

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

Recent filings (20 total)

gazette-notice-voluntary
gazette · GAZ1(A)
2026-05-12
dissolution-application-strike-off-company
dissolution · DS01
2026-05-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-03-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-10-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-11-26
termination-director-company-with-name-termination-date
officers · TM01
2024-08-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-04-13
appoint-person-director-company-with-name-date
officers · AP01
2023-04-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-02-22
change-person-director-company-with-change-date
officers · CH01
2022-12-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-11-16
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-07-06
accounts-amended-with-accounts-type-micro-entity
accounts · AAMD
2022-06-22