WEB SMARTLABS LIMITED

🌿Early-stageactive
SC777240 · ltd · incorporated 2023-07-28
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.
🔒Estimated value
Upgrade to see
Turnover
year to Jul 2024
Net worth
book net assets
Opportunity
60/100
Worth a look
🔔
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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 60/100 (worth a look), bankability 50/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: strategic trade sale (40/100).

Data confidence

Overall: medium (69/100)

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
3 officers (2 active, 3 linked, 2 with DOB)
83
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
13 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
60/100Worth a look
PassWatchWorth a lookStrongExceptional 

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality
45
Concerning — overdue filings or status flags present.
Acquirability
55
Some acquirability indicators.
Risk profile
64
Some moderate concerns — review flags.
Signal strength
90
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
Metric2024-07-31

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
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (16 events)Click to expand
  1. 2025-09-08
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  2. 2025-08-28
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  3. 2025-08-21
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  4. 2025-07-15
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  5. 2025-06-27
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  6. 2025-06-25
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  7. 2025-06-24
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  8. 2024-12-08
    TSETOURAS., :Ioannis: appointed
    director
  9. 2024-12-08
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  10. 2024-06-27
    IOANNIS TSETOURAS LTD appointed
    corporate-director
  11. 2024-06-27
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  12. 2024-06-27
    📄
    appoint-corporate-director-company-with-name-date
    officers · AP02
  13. 2024-06-26
    TSETOURAS., :Ioannis: resigned
    director
  14. 2023-07-28
    🏢
    Company incorporated
    As WEB SMARTLABS LIMITED
  15. 2023-07-28
    TSETOURAS., :Ioannis: appointed
    director
  16. 2023-07-28
    📄
    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 2.8 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

1 high · 1 low
Accounts overdue
high

Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.

Evidence: Next due: 2026-04-30

Multiple registered office changes
low

Multiple address changes in a short period can indicate operational instability or admin disorder.

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
:Ioannis: Tsetouras.
Individual · Greek · DOB 08/1970 · age 56
75100%
75–100%board control75-100% shares · 75-100% voting · board control28/07/2023

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
Incorporated2023-07-28
Jurisdictionscotland
Primary SIC62012 — Business and domestic software development

Registered office

Braeside Cottage
Banchory Devenick
Aberdeen
AB12 5XP
Scotland

Filing status

Accounts
Next due: 2026-04-30OVERDUE
Last made up to: 2024-07-31
Confirmation statement
Next due: 2026-08-09
Last: 2025-07-26

Officers (2 active · 1 resigned)

TSETOURAS., :Ioannis:
director · ~56y · appointed 2024-12-08
View their other companies + combined net worth →
Active
IOANNIS TSETOURAS LTD
corporate-director · appointed 2024-06-27
View their other companies + combined net worth →
Active
TSETOURAS., :Ioannis:
director · ~56y · appointed 2023-07-28 · resigned 2024-06-26
Resigned

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

Recent filings (13 total)

change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-09-08
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-08-28
gazette-filings-brought-up-to-date
gazette · DISS40
2025-08-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-08-20
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-07-15
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-06-27
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-06-25
gazette-notice-compulsory
gazette · GAZ1
2025-06-24
appoint-person-director-company-with-name-date
officers · AP01
2024-12-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-31
termination-director-company-with-name-termination-date
officers · TM01
2024-06-27
appoint-corporate-director-company-with-name-date
officers · AP02
2024-06-27
incorporation-company
incorporation · NEWINC
2023-07-28