SOURCING NETWORK SCOTLAND LTD
Opportunity 71/100 (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: Cash flow review and working-capital discipline. Cash down -74% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: distressed disposal / insolvency (65/100).
Data confidence
Overall: high (81/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Signals from accounts
Derived from iXBRL accounts · FRS 102Key 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 | 2025-04-30 | 2024-04-30 |
|---|---|---|
| Total assets | £-5.7k | £701 |
| Current assets | £5.9k | £9.5k |
| Cash | £2.5k | £9.5k |
| Debtors | £3.4k | — |
| Net assets | £-5.7k | £701 |
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
- • 2 persons-with-significant-control
- • 2 persons-with-significant-control
Corporate timeline (10 events)Click to expand
- 2026-02-25📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2026-02-25📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-06-12📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-05-13📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-04-03➖MORRISON, Matthew Robert resigneddirector
- 2024-07-19📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-04-05🏢Company incorporatedAs SOURCING NETWORK SCOTLAND LTD
- 2023-04-05➕SMART, David Edward appointeddirector
- 2023-04-05➕MORRISON, Matthew Robert appointeddirector
- 2023-04-05📄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
cleanShareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr David Edward Smart Individual · British · DOB 03/1990 · age 36 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 05/04/2023 |
1 historic (ceased) PSC
- Mr Matthew Robert Morrisonceased 03/04/2025· 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.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
See pricing →Similar companies
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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 →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)
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