EVOLVEIT TECH LTD

🌱Startupactive
SC812269 · ltd · incorporated 2024-05-31
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
🔒Estimated value
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Turnover
not disclosed
Net worth
book net assets
Opportunity
51/100
Worth a look
🔔
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What this business does
Primary activity: Repair of computers and peripheral equipment
Sector: Other service activities
Investor take
Pass (distressed without resilience)
Distressed admin-neglect survivor — structural issues outweigh the discount.

Opportunity 51/100 (worth a look), bankability 35/100. 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: share sale to pe / searcher (38/100). Current lenders should be on monthly review.

Data confidence

Overall: medium (58/100)

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
No iXBRL financials extracted
0
Lenders & charges
Confirmed no charges registered
85
Directors & officers
2 officers (1 active, 2 linked, 2 with DOB)
90
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
5 filings
60
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
51/100Worth a look
PassWatchWorth a lookStrongExceptional 

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

Business quality
35
Concerning — overdue filings or status flags present.
Acquirability
50
Some acquirability indicators.
Risk profile
49
Multiple red flags — proceed with caution.
Signal strength
90
Good data coverage for analysis.

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 (8 events)Click to expand
  1. 2025-02-06
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  2. 2025-02-06
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  3. 2025-02-06
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  4. 2025-01-21
    AFZAL, Amin resigned
    director
  5. 2024-05-31
    🏢
    Company incorporated
    As EVOLVEIT TECH LTD
  6. 2024-05-31
    ATIF, Muhammad appointed
    director
  7. 2024-05-31
    AFZAL, Amin appointed
    director
  8. 2024-05-31
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

80/100
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.
  • +Young company: Only 1.9 years old — management layer unlikely to be developed.

Succession & seller-readiness

45/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

Red flags

2 high ·
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: 2026-02-28

Confirmation statement overdue
high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2026-02-20

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr Muhammad Atif
Individual · British · DOB 12/1970 · age 56
2550%
25–50%board control25-50% shares · 25-50% voting · board control31/05/2024
1 historic (ceased) PSC
  • Mr Amin Afzalceased 21/01/2025· 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.

🔒Co-director network graph

Radial SVG graph showing every company connected via shared directors, colour-coded by status.

Available from the Pro tier upwards.

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

11 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.

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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.

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Company details

Statusactive
Typeltd
Incorporated2024-05-31
Jurisdictionscotland
Primary SIC95110 — Repair of computers and peripheral equipment

Registered office

31 Hallam Road
Stenhousemuir
Larbert
FK5 3BF
Scotland

Filing status

Accounts
Next due: 2026-02-28OVERDUE
Last made up to:
Confirmation statement
Next due: 2026-02-20OVERDUE
Last: 2025-02-06

Officers (1 active · 1 resigned)

ATIF, Muhammad
director · ~56y · appointed 2024-05-31
View their other companies + combined net worth →
Active
AFZAL, Amin
director · ~49y · appointed 2024-05-31 · resigned 2025-01-21
Resigned

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

Recent filings (5 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2025-02-06
termination-director-company-with-name-termination-date
officers · TM01
2025-02-06
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-02-06
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-02-06
incorporation-company
incorporation · NEWINC
2024-05-31