POLARE AI LIMITED

💤Zombieactive
SC766239 · ltd · incorporated 2023-04-17
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
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Turnover
year to Mar 2025
Net worth
£-76.5k
book net assets
Opportunity
75/100
Strong
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What this business does
Primary activity: Business and domestic software development
Sector: Information & communication
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 75/100 (strong), bankability 70/100. Strong seller-intent signal (60/100, director aged 80). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (73/100).

Data confidence

Overall: medium (67/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, 1 SIC codes, incorporation date
100
Financials
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
Confirmed no charges registered
85
Directors & officers
2 officers (2 active, 2 linked, 1 with DOB)
80
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
8 filings
60
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
75/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
Adequate — check latest filings for context.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Negative net assets
Liabilities exceed assets by £76,530

Key financials

1 year extracted from filed iXBRL accounts
Cash
£16k
Net Worth
-£77k
Current Assets
£28k
Current Liabilities

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-03-31
Total assets£-76.5k
Current assets£28.0k
Cash£16.3k
Debtors£2.3k
Net assets£-76.5k

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
1
filing
  • 1 confirmation-statement
Last 90 days
2
filings
  • 1 confirmation-statement
  • 1 accounts
Last 180 days
3
filings
  • 2 accounts
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (8 events)Click to expand
  1. 2026-04-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2026-01-27
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  3. 2025-01-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-05-03
    📄
    appoint-person-secretary-company-with-name-date
    officers · AP03
  5. 2023-04-28
    HUGHES, Gordon Alexander, Professor appointed
    secretary
  6. 2023-04-17
    🏢
    Company incorporated
    As POLARE AI LIMITED
  7. 2023-04-17
    HUGHES, Gordon Alexander, Professor appointed
    director
  8. 2023-04-17
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

90/100
Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +Founder age: Director aged approximately 80 — succession pressure is live.

Succession & seller-readiness

75/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 80 years old. Natural succession window is now.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

Red flags

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

Group structure

Economic And Statistical Services (Edinburgh) Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Economic And Statistical Services (Edinburgh) Ltd
Corporate parent · holds 75-100% shares · board control
ultimate parent
POLARE AI LIMITED
This company · SC766239

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Economic And Statistical Services (Edinburgh) Ltd
Corporate entity
75100%
75–100%board control75-100% shares · 75-100% voting · board control17/04/2023

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

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 →
🔒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
Incorporated2023-04-17
Jurisdictionscotland
Primary SIC62012 — Business and domestic software development

Registered office

Highfield
Stobo
Peebles
EH45 8NX
United Kingdom

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-04-30
Last: 2026-04-16

Officers (2 active · 0 resigned)

HUGHES, Gordon Alexander, Professor
secretary · appointed 2023-04-28
View their other companies + combined net worth →
Active
HUGHES, Gordon Alexander, Professor
director · ~80y · appointed 2023-04-17
View their other companies + combined net worth →
Active

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

Recent filings (8 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-04-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-04-17
change-account-reference-date-company-previous-shortened
accounts · AA01
2026-01-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-01-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-25
appoint-person-secretary-company-with-name-date
officers · AP03
2023-05-03
incorporation-company
incorporation · NEWINC
2023-04-17