REAL-WORLD RESEARCH LTD

🏛️Establishedactive
SC692707 · ltd · incorporated 2021-03-18
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
book net assets
Opportunity
69/100
Strong
🔔
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What this business does
Primary activity: Management consultancy activities other than financial management
Sector: Professional, scientific & technical
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 69/100 (strong), 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: share sale to pe / searcher (73/100).

Data confidence

Overall: high (81/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

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
3 officers (2 active, 3 linked, 3 with DOB)
90
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
8 connected companies via shared directors
69
Filing history
15 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
69/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
55
Adequate — check latest filings for context.
Acquirability
75
Strong succession / seller-readiness signals.
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£0Mar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-03-312024-03-31

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
1
filing
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (15 events)Click to expand
  1. 2025-12-17
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  2. 2025-03-19
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  3. 2024-12-31
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  4. 2024-11-07
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  5. 2024-10-25
    LORKOWSKI, Mark resigned
    director
  6. 2024-06-12
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  7. 2024-06-12
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  8. 2023-12-29
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  9. 2022-12-17
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  10. 2022-06-20
    📄
    capital-allotment-shares
    capital · SH01
  11. 2021-03-18
    🏢
    Company incorporated
    As REAL-WORLD RESEARCH LTD
  12. 2021-03-18
    ASHMAN, Ken appointed
    director
  13. 2021-03-18
    MCCULLY, Stuart, Dr appointed
    director
  14. 2021-03-18
    LORKOWSKI, Mark appointed
    director
  15. 2021-03-18
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

66/100
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.
  • +Senior director age: Director aged approximately 61 — approaching natural succession window.

Succession & seller-readiness

46/100
Moderate signal

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

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 61. Early succession window.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

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: 2026-03-20

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Dr Stuart Mccully
Individual · Scottish · DOB 02/1973 · age 53
5075%
50–75%board control50-75% shares · 50-75% voting · board control18/03/2021
2 historic (ceased) PSCs
  • Ken Ashmanceased 06/03/2025· 25-50% shares · 25-50% voting · board control
  • Mark Lorkowskiceased 18/03/2021· 25-50% shares · 25-50% voting · board control

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 →

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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
Incorporated2021-03-18
Jurisdictionscotland
Primary SIC70229 — Management consultancy activities other than financial management

Registered office

Kylen Craigdarroch Drive
Contin
Strathpeffer
IV14 9EL
Scotland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-03-20OVERDUE
Last: 2025-03-06

Officers (2 active · 1 resigned)

ASHMAN, Ken
director · ~61y · appointed 2021-03-18
View their other companies + combined net worth →
Active
MCCULLY, Stuart, Dr
director · ~53y · appointed 2021-03-18
View their other companies + combined net worth →
Active
LORKOWSKI, Mark
director · ~37y · appointed 2021-03-18 · resigned 2024-10-25
Resigned

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

Recent filings (15 total)

accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-12-17
confirmation-statement-with-updates
confirmation-statement · CS01
2025-03-19
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-03-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-19
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-12-31
termination-director-company-with-name-termination-date
officers · TM01
2024-11-07
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-06-12
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-06-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-15
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-12-29
confirmation-statement-with-updates
confirmation-statement · CS01
2023-02-02
accounts-with-accounts-type-dormant
accounts · AA
2022-12-17
capital-allotment-shares
capital · SH01
2022-06-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-17
incorporation-company
incorporation · NEWINC
2021-03-18