INNOVATION CENTRE - ORKNEY LTD
Opportunity 65/100 (strong), bankability 70/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: 1 insolvency-related filing on record. Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding. Most likely exit: share sale to pe / searcher (58/100).
Data confidence
Overall: high (82/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-01-31 | 2024-01-31 |
|---|---|---|
| Average employees | 0 | 0 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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
- • 1 persons-with-significant-control
- • 1 persons-with-significant-control
- • 1 confirmation-statement
Corporate timeline (24 events)Click to expand
- 2026-02-06📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-09-08📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-10-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-10-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-10-28📄accounts-with-accounts-type-dormantaccounts · AA
- 2022-09-12📄change-person-director-company-with-change-dateofficers · CH01
- 2022-04-25📄termination-director-company-with-name-termination-dateofficers · TM01
- 2022-04-25📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2022-04-25📄appoint-person-director-company-with-name-dateofficers · AP01
- 2022-04-22➕FOULIS, Lisa appointeddirector
- 2022-04-22➖JOHNSTON, Barry, Dr resigneddirector
- 2022-04-12📄capital-name-of-class-of-sharescapital · SH08
- 2022-04-12📄memorandum-articlesincorporation · MA
- 2022-04-12📄resolutionresolution · RESOLUTIONS
- 2022-04-12📄resolutionresolution · RESOLUTIONS
- 2022-04-12📄capital-statement-capital-company-with-date-currency-figurecapital · SH19
- 2022-04-12📄legacycapital · SH20
- 2022-04-12⚠️legacyinsolvency · CAP-SS
- 2022-04-12📄resolutionresolution · RESOLUTIONS
- 2022-04-12📄capital-allotment-sharescapital · SH01
- 2021-12-07🏢Company incorporatedAs INNOVATION CENTRE - ORKNEY LTD
- 2021-12-07➕JOHNSTON, Barry, Dr appointeddirector
- 2021-12-07📄change-account-reference-date-company-current-shortenedaccounts · AA01
- 2021-12-07📄incorporation-companyincorporation · NEWINC
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +Sole director: Only one active director — all governance concentrated on one person.
Succession & seller-readiness
Some succession indicators present. Worth watching; approach if sector/strategy fits.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
Red flags
1 high ·Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2022-04-12: legacy
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Dr Barry Johnston Individual · British · DOB 09/1977 · age 49 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 07/12/2021 |
1 historic (ceased) PSC
- Miss Lisa Foulisceased 06/02/2026· significant influence
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
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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 →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 (1 active · 1 resigned)
Click a director name to see their full track record across all companies.