LILLIETEK LIMITED

🌿Early-stageactive

SC775981 · ltd · incorporated 2023-07-17

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 Mar 2025

Net worth

—

book net assets

Opportunity

72/100

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

Investor take

Pursue

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

Opportunity 72/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: strategic trade sale (65/100).

🏦

Refinance opportunity

1 live charge · oldest 1.4y

50/100

clean up first

Refinance viable after a tidy-up — address the highlighted items first.

· Newest facility, 1.4 years old — likely still in initial term.
· Single lender — cleanest path to refinance.
· Legal-friction score 23/100 — clean.

Data confidence

Overall: medium (73/100)

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

Lenders & charges

1 charges (1/1 with lender, 1/1 with type)

Directors & officers

6 officers (2 active, 6 linked, 5 with DOB)

Ownership & PSC

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

Director network

5 connected companies via shared directors

Filing history

25 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

72/100Strong

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

100

Good data coverage for analysis.

Key financials

1 year extracted from filed iXBRL accounts

Cash

—

Net Worth

—

Current Assets

—

Current Liabilities

—

Financials

Extracted from Companies House accounts · FRS 102

Metric	2025-03-31
Average employees	2

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

4 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

filings

Last 90 days

filings

Last 180 days

filings

• 2 officers

Counts from Companies House filing history.

Corporate timeline (35 events)Click to expand

2026-03-25
➕
DESMOUTIER, Thomas appointed
director
2026-03-25
➖
LINDSAY, Alasdair resigned
director
2026-03-25
📄
termination-director-company-with-name-termination-date
officers · TM01
2026-03-25
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-10-28
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-10-28
📄
change-account-reference-date-company-previous-extended
accounts · AA01
2025-09-11
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-02-13
📄
resolution
resolution · RESOLUTIONS
2025-02-12
📄
memorandum-articles
incorporation · MA
2025-01-23
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-01-22
🔒
Charge registered #1
Lender: Santander UK PLC as Security Trustee for Each of Itself and Each Secured Party
2025-01-10
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2025-01-09
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-01-09
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-01-09
📄
termination-secretary-company-with-name-termination-date
officers · TM02
2025-01-09
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-01-09
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-01-09
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-01-07
➕
HERZIG, Catherine Jane appointed
director
2025-01-07
➖
BLAIR, Heather resigned
secretary
2025-01-07
➖
HEYWOOD, Timothy Coote resigned
director
2025-01-07
➕
LINDSAY, Alasdair appointed
director
2025-01-07
➖
WILLEY, George Justin resigned
director
2024-06-14
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2024-02-02
➕
BLAIR, Heather appointed
secretary
2024-02-02
📄
appoint-person-secretary-company-with-name-date
officers · AP03
2024-01-09
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-01-08
➕
HEYWOOD, Timothy Coote appointed
director
2023-08-29
📄
memorandum-articles
incorporation · MA
2023-08-29
📄
resolution
resolution · RESOLUTIONS
2023-08-29
📄
resolution
resolution · RESOLUTIONS
2023-07-28
📄
change-account-reference-date-company-current-shortened
accounts · AA01
2023-07-17
🏢
Company incorporated
As LILLIETEK LIMITED
2023-07-17
➕
WILLEY, George Justin appointed
director
2023-07-17
📄
incorporation-company
incorporation · NEWINC

Owner dependency

63/100

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.
+Young company: Only 3.0 years old — management layer unlikely to be developed.

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.)

Group structure

Radical Systems (Uk) Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️

Radical Systems (Uk) Limited

Corporate parent · holds 75-100% shares · board control

ultimate parent

⬇

LILLIETEK LIMITED

This company · SC775981

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%

Name	Shares	Voting rights	Nature of control	Notified
Radical Systems (Uk) Limited Corporate entity	75–100%	75–100%	board control75-100% shares · 75-100% voting · board control	07/01/2025

1 historic (ceased) PSC

Iqx Limitedceased 07/01/2025· 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.

🔒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 →

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	26y	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

Incorporated2023-07-17

Jurisdictionscotland

Primary SIC62012 — Business and domestic software development

Registered office

Exchange Tower 3rd Floor

19 Canning Street

Edinburgh

EH3 8EG

Scotland

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-31

Confirmation statement

Next due: 2026-07-16

Last: 2025-07-02

Officers (2 active · 4 resigned)

DESMOUTIER, Thomas→

director · ~35y · appointed 2026-03-25

View their other companies + combined net worth →

Active

HERZIG, Catherine Jane→

director · ~57y · appointed 2025-01-07

View their other companies + combined net worth →

Active

BLAIR, Heather→

secretary · appointed 2024-02-02 · resigned 2025-01-07

Resigned

HEYWOOD, Timothy Coote→

director · ~63y · appointed 2024-01-08 · resigned 2025-01-07

Resigned

LINDSAY, Alasdair→

director · ~49y · appointed 2025-01-07 · resigned 2026-03-25

Resigned

WILLEY, George Justin→

director · ~63y · appointed 2023-07-17 · resigned 2025-01-07

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:1 of 1 shown

			Type	Properties
	outstanding	Santander Santander UK PLC as Security Trustee for Each of Itself and Each Secured Party	A registered charge	1 property	22/01/2025	—

Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (25 total)

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

officers · TM01

2026-03-25

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

officers · AP01

2026-03-25

accounts-with-accounts-type-total-exemption-full

accounts · AA

2025-10-28

change-account-reference-date-company-previous-extended

accounts · AA01

2025-10-28

change-registered-office-address-company-with-date-old-address-new-address

address · AD01

2025-09-11

confirmation-statement-with-updates

confirmation-statement · CS01

2025-07-03

resolution

resolution · RESOLUTIONS

2025-02-13

memorandum-articles

incorporation · MA

2025-02-12

mortgage-create-with-deed-with-charge-number-charge-creation-date

mortgage · MR01

2025-01-23

notification-of-a-person-with-significant-control

persons-with-significant-control · PSC02

2025-01-10

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

officers · TM01

2025-01-09

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

officers · TM01

2025-01-09

termination-secretary-company-with-name-termination-date

officers · TM02

2025-01-09

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

officers · AP01

2025-01-09

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

officers · AP01

2025-01-09