DEVNACK LTD

🌿Early-stageactive

SC737354 · ltd · incorporated 2022-07-04

Investment thesis

Growth-phase business — story-led; valuation sensitive to momentum.

Why interesting: Trading is scaling; acquirers paying for trajectory get disproportionate leverage.

Why risky: Price often leads fundamentals; dependency on founder often high.

Why now

Window steady · low confidence

Stable recent picture — watch for any upcoming trigger event.

What changed my view

Last 30 days

No material changes in the last 30 days.

Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Jul 2025

Net worth

—

book net assets

Opportunity

70/100

Strong

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch

What this business does

Primary activity: Business and domestic software development

Sector: Information & communication

ALSO REGISTERED FOR

62020Information technology consultancy activities
62090Other information technology service activities

Investor take

Pursue

Strong opportunity: active trading company with strong profile and acceptable with review structure.

Opportunity 70/100 (strong), bankability 70/100. Share purchase looks the cleaner deal structure. 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

Lenders & charges

Confirmed no charges registered

Directors & officers

3 officers (2 active, 3 linked, 3 with DOB)

Ownership & PSC

2 active PSC(s) of 3 total, 3 with control declared

Director network

Network not yet resolved

Filing history

23 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

70/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Adequate — check latest filings for context.

Acquirability

Some acquirability indicators.

Risk profile

Few red flags.

Signal strength

Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

—

Current Assets

—

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2025-07-31	2024-07-31
Average employees	200	200

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

filings

Last 90 days

filings

• 3 officers
• 3 persons-with-significant-control
• 1 accounts

Last 180 days

filings

• 3 officers
• 3 persons-with-significant-control
• 1 accounts

Counts from Companies House filing history.

Corporate timeline (25 events)Click to expand

2026-04-17
📄
change-person-director-company-with-change-date
officers · CH01
2026-04-17
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-04-13
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-04-01
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2026-03-26
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-03-25
📄
change-person-director-company-with-change-date
officers · CH01
2026-03-25
📄
change-person-director-company-with-change-date
officers · CH01
2025-04-20
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2024-01-26
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2023-11-06
📄
termination-director-company-with-name-termination-date
officers · TM01
2023-11-01
➖
TARIQ, Jahanzeb resigned
director
2023-05-23
📄
appoint-person-director-company-with-name-date
officers · AP01
2023-05-23
📄
appoint-person-director-company-with-name-date
officers · AP01
2023-05-23
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-04-28
➕
IKHLAQ, Dawood appointed
director
2023-04-28
➕
RAZA, Malik Ahsan appointed
director
2023-04-28
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2023-04-28
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2023-04-27
📄
capital-allotment-shares
capital · SH01
2023-04-27
📄
capital-allotment-shares
capital · SH01
2022-10-31
📄
change-person-director-company-with-change-date
officers · CH01
2022-09-02
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-07-04
🏢
Company incorporated
As DEVNACK LTD
2022-07-04
➕
TARIQ, Jahanzeb appointed
director
2022-07-04
📄
incorporation-company
incorporation · NEWINC

Owner dependency

58/100

Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS

+Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.

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

clean

No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

2 active beneficial owners

Name	Shares	Voting rights	Nature of control	Notified
Mr Dawood Ikhlaq Individual · Pakistani · DOB 06/1994 · age 32	25–50%	—	25-50% shares	28/04/2023
Mr Malik Ahsan Raza Individual · Pakistani · DOB 11/1993 · age 33	25–50%	—	25-50% shares	28/04/2023

1 historic (ceased) PSC

Jahanzeb Tariqceased 28/04/2023· 75-100% shares · 75-100% voting · board control

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

Similar companies

Active · Technology · EH postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
SEEBYTE LIMITED→ SC194014 · est 1999	£6.84M £4.88M–£8.79M	£10.82M	—	8800	27y	92	61y
CANONGATE BOOKS LIMITED→ SC152259 · est 1994	£6.02M £4.30M–£7.74M	—	—	64	31y	85	65y
EXTRAORDINARY MANAGED SERVICES LIMITED→ SC214448 · est 2001 · no financials extracted	—	—	—	—	25y	83	58y
INFOGISTICS LIMITED→ SC208321 · est 2000	—	—	—	700	25y	83	60y
INTELLIGENT MOBILE LIMITED→ SC266060 · est 2004	—	—	—	—	22y	83	66y
MICROSYS SOLUTIONS LIMITED→ SC185715 · est 1998	—	—	£140.2k	—	28y	83	59y
NDI TECHNOLOGIES LTD.→ SC173002 · est 1997 · no financials extracted	—	—	—	—	29y	83	93y
NETWORK ROI LTD→ SC299422 · est 2006	—	—	£161.9k	—	20y	83	71y
NILE HQ LTD→ SC306908 · est 2006	—	—	—	40	19y	83	63y
NW SECURITY GROUP LIMITED→ SC177283 · est 1997	—	—	£742.8k	—	28y	83	69y
OCCUPANCY MARKETING LIMITED→ SC360835 · est 2009	—	—	£2.10M	—	17y	83	60y
OPTIMISE HOLDINGS LIMITED→ SC291827 · est 2005	—	—	—	300	20y	83	63y

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

Incorporated2022-07-04

Jurisdictionscotland

Primary SIC62012 — Business and domestic software development

Registered office

5 South Charlotte Street

Edinburgh

EH2 4AN

Scotland

Filing status

Accounts

Next due: 2027-04-30

Last made up to: 2025-07-31

Confirmation statement

Next due: 2026-05-12

Last: 2025-04-28

Officers (2 active · 1 resigned)

IKHLAQ, Dawood→

director · ~32y · appointed 2023-04-28

View their other companies + combined net worth →

Active

RAZA, Malik Ahsan→

director · ~33y · appointed 2023-04-28

View their other companies + combined net worth →

Active

TARIQ, Jahanzeb→

director · ~35y · appointed 2022-07-04 · resigned 2023-11-01

Resigned

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

Recent filings (23 total)

change-person-director-company-with-change-date

officers · CH01

2026-04-17

change-to-a-person-with-significant-control

persons-with-significant-control · PSC04

2026-04-17

change-to-a-person-with-significant-control

persons-with-significant-control · PSC04

2026-04-13

accounts-with-accounts-type-micro-entity

accounts · AA

2026-04-01

change-to-a-person-with-significant-control

persons-with-significant-control · PSC04

2026-03-26

change-person-director-company-with-change-date

officers · CH01

2026-03-25

change-person-director-company-with-change-date

officers · CH01

2026-03-25

confirmation-statement-with-no-updates

confirmation-statement · CS01

2025-05-09

accounts-with-accounts-type-micro-entity

accounts · AA

2025-04-20

confirmation-statement-with-no-updates

confirmation-statement · CS01

2024-05-01

accounts-with-accounts-type-micro-entity

accounts · AA

2024-01-26

termination-director-company-with-name-termination-date

officers · TM01

2023-11-06

confirmation-statement-with-updates

confirmation-statement · CS01

2023-07-10

appoint-person-director-company-with-name-date

officers · AP01

2023-05-23

appoint-person-director-company-with-name-date

officers · AP01

2023-05-23