THETA SYSTEMS LIMITED
⚰️Wound downdissolved
01302170 · ltd · incorporated 1977-03-10
Investment thesis
Company dissolved — not a live target.
Why interesting: Historical record only; useful for precedent research.
Why risky: Not transactable.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
- · Oldest live charge 35.5y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
59/100
Worth a look
What this business does
Primary activity: Non-trading company
Sector: Professional, scientific & technical
Investor take
Pass (distressed without resilience)Distressed dormant / non-trading — structural issues outweigh the discount.
Opportunity 59/100 (worth a look), bankability 80/100. Strong seller-intent signal (78/100, director aged 67). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: Company dissolved. Company has been dissolved — it no longer legally exists. Any diligence here is historical only. Most likely exit: share sale to pe / searcher (65/100).
🏦
Refinance opportunity
1 live charge · oldest 35.5y
85/100
ready
Refinance conversation should be productive — structure clean and timing right.
- · Oldest live charge is 35.5 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Legal-friction score 20/100 — clean.
Data confidence
Overall: medium (60/100)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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
20 officers (3 active, 20 linked, 10 with DOB)
80
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
16 connected companies via shared directors
90
Filing history
136 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
59/100Worth a look
PassWatchWorth a lookStrongExceptional
Mixed signal. Worth opening the full target workup before deciding to pursue.
Business quality
30
Concerning — overdue filings or status flags present.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
49
Multiple red flags — proceed with caution.
Signal strength
100
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 (60 events)Click to expand
- 2018-03-27📄gazette-dissolved-voluntarygazette · GAZ2(A)
- 2018-03-27🏁Company dissolved
- 2018-01-09📄gazette-notice-voluntarygazette · GAZ1(A)
- 2017-12-27📄dissolution-application-strike-off-companydissolution · DS01
- 2017-10-25📄legacycapital · SH20
- 2017-10-25📄capital-statement-capital-company-with-date-currency-figurecapital · SH19
- 2017-10-25⚠️legacyinsolvency · CAP-SS
- 2017-10-25📄resolutionresolution · RESOLUTIONS
- 2017-10-20📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2017-09-21📄accounts-with-accounts-type-dormantaccounts · AA
- 2017-03-31📄change-person-director-company-with-change-dateofficers · CH01
- 2017-03-31📄change-person-director-company-with-change-dateofficers · CH01
- 2017-03-31📄change-person-secretary-company-with-change-dateofficers · CH03
- 2016-08-02📄accounts-with-accounts-type-dormantaccounts · AA
- 2015-10-06📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2015-06-29📄accounts-with-accounts-type-dormantaccounts · AA
- 2015-01-05📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2015-01-05📄appoint-person-director-company-with-name-dateofficers · AP01
- 2015-01-05📄termination-director-company-with-name-termination-dateofficers · TM01
- 2015-01-05📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2015-01-01➕HENDERSON, Charles Alex appointedsecretary
- 2015-01-01➕HENDERSON, Charles Alex appointeddirector
- 2015-01-01➖HUMPHREYS, John Christopher resignedsecretary
- 2015-01-01➖HUMPHREYS, John Christopher resigneddirector
- 2014-10-08📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2014-08-18📄accounts-with-accounts-type-dormantaccounts · AA
- 2013-10-03📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2013-09-24📄accounts-with-accounts-type-dormantaccounts · AA
- 2008-03-31➕HUMPHREYS, John Christopher appointeddirector
- 2008-03-11➖BURR, Christopher John resigneddirector
- 2007-04-11➕MUIR, Derek William appointeddirector
- 2007-04-11➖GROVE, David Leslie resigneddirector
- 2007-02-28➖HAYHURST, Fred resignedsecretary
- 2007-02-28➖HAYHURST, Fred resignedsecretary
- 2007-02-28➕HUMPHREYS, John Christopher appointedsecretary
- 2007-01-08➕HAYHURST, Fred appointedsecretary
- 2007-01-08➖HUMPHREYS, John Christopher resignedsecretary
- 2006-10-27➕HAYHURST, Fred appointedsecretary
- 2006-10-27➖HUMPHREYS, John Christopher resignedsecretary
- 2006-03-06➕HUMPHREYS, John Christopher appointedsecretary
- 2005-07-05➖BURR, Christopher John resignedsecretary
- 2005-07-05➕HUMPHREYS, John Christopher appointedsecretary
- 2003-12-31➕BURR, Christopher John appointedsecretary
- 2003-12-31➖EVERETT, Howard Caile resignedsecretary
- 2003-12-31➖EVERETT, Howard Caile resigneddirector
- 2000-11-03➕EVERETT, Howard Caile appointedsecretary
- 2000-11-03➖FOXALL, Raymond resignedsecretary
- 2000-11-03➕EVERETT, Howard Caile appointeddirector
- 2000-11-03➕GROVE, David Leslie appointeddirector
- 2000-11-03➖MARSHALL, Howard Cleveley resigneddirector
Showing most recent 50 of 60 events
Owner dependency
83/100
Critical — business is the founderThe business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
FACTORS
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Long-tenure founder: Senior director has been in place 19 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 67 — succession pressure is live.
Succession & seller-readiness
79/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 63+: Senior director is approximately 67. Approaching typical UK retirement age — succession thinking likely.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- secondary12+ year tenure: Director in role 19 years.
- secondaryStable-but-static management: Company is 49 years old and no new directors in the last 3 years — succession not yet being planned internally.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
2 high ·Company dissolved
highCompany has been dissolved — it no longer legally exists. Any diligence here is historical only.
Evidence: Dissolved on 2018-03-27
1 insolvency-related filing on record
highFilings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2017-10-25: legacy
Group structure
Alsipi Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Alsipi Limited
Corporate parent · holds 75-100% shares · board control
⬇
THETA SYSTEMS LIMITED
This company · 01302170
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 |
|---|---|---|---|---|
Alsipi Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 06/04/2016 |
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
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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
Statusdissolved
Typeltd
Incorporated1977-03-10
Jurisdictionengland-wales
Primary SIC74990 — Non-trading company
Registered office
Westhaven House, Arleston Way
Shirley
Solihull
West Midlands
B90 4LH
Filing status
Accounts
Next due: —
Last made up to: 2016-12-31
Confirmation statement
Next due: —
Last: —
Officers (0 active · 17 resigned)
HENDERSON, Charles Alex→
Activesecretary · appointed 2015-01-01
View their other companies + combined net worth →
HENDERSON, Charles Alex→
Activedirector · ~67y · appointed 2015-01-01
View their other companies + combined net worth →
MUIR, Derek William→
Activedirector · ~66y · appointed 2007-04-11
View their other companies + combined net worth →
BURR, Christopher John→
Resignedsecretary · appointed 2003-12-31 · resigned 2005-07-05
EVERETT, Howard Caile→
Resignedsecretary · appointed 2000-11-03 · resigned 2003-12-31
FOXALL, Raymond→
Resignedsecretary · appointed 1999-07-29 · resigned 2000-11-03
HAYHURST, Fred→
Resignedsecretary · appointed 2007-01-08 · resigned 2007-02-28
HAYHURST, Fred→
Resignedsecretary · appointed 2006-10-27 · resigned 2007-02-28
HUMPHREYS, John Christopher→
Resignedsecretary · appointed 2007-02-28 · resigned 2015-01-01
HUMPHREYS, John Christopher→
Resignedsecretary · appointed 2006-03-06 · resigned 2006-10-27
HUMPHREYS, John Christopher→
Resignedsecretary · appointed 2005-07-05 · resigned 2007-01-08
SHORROCK, Susan Gillian→
Resignedsecretary · resigned 1999-07-29
BURR, Christopher John→
Resigneddirector · ~77y · appointed 1999-07-29 · resigned 2008-03-11
EVERETT, Howard Caile→
Resigneddirector · ~82y · appointed 2000-11-03 · resigned 2003-12-31
GROVE, David Leslie→
Resigneddirector · ~78y · appointed 2000-11-03 · resigned 2007-04-11
HUMPHREYS, John Christopher→
Resigneddirector · ~74y · appointed 2008-03-31 · resigned 2015-01-01
MARSHALL, Howard Cleveley→
Resigneddirector · ~83y · appointed 1999-07-29 · resigned 2000-11-03
MORGAN, Neil Anthony→
Resigneddirector · ~65y · resigned 1999-07-29
SHORROCK, Raymond Selwyn→
Resigneddirector · ~86y · resigned 1999-07-29
SHORROCK, Susan Gillian→
Resigneddirector · ~84y · resigned 1999-07-29
Click a director name to see their full track record across all companies.
Mortgages & charges
1
Total charges
0
Outstanding
0
Active lenders
Status:Lender:1 of 1 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Midland Bank Midland Bank PLC | Fixed and floating charge | 1 property | 31/10/1990 | 18/01/2000 |
Recent filings (136 total)
gazette-dissolved-voluntary
gazette · GAZ2(A)
2018-03-27
gazette-notice-voluntary
gazette · GAZ1(A)
2018-01-09
dissolution-application-strike-off-company
dissolution · DS01
2017-12-27
legacy
capital · SH20
2017-10-25
capital-statement-capital-company-with-date-currency-figure
capital · SH19
2017-10-25
legacy
insolvency · CAP-SS
2017-10-25
resolution
resolution · RESOLUTIONS
2017-10-25
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2017-10-20
confirmation-statement-with-updates
confirmation-statement · CS01
2017-10-20
accounts-with-accounts-type-dormant
accounts · AA
2017-09-21
change-person-director-company-with-change-date
officers · CH01
2017-03-31
change-person-director-company-with-change-date
officers · CH01
2017-03-31
change-person-secretary-company-with-change-date
officers · CH03
2017-03-31
confirmation-statement-with-updates
confirmation-statement · CS01
2016-10-10
accounts-with-accounts-type-dormant
accounts · AA
2016-08-02