18IT UK LIMITED

💤Zombieactive
12223520 · ltd · incorporated 2019-09-24
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
Upgrade to see
Turnover
year to Sept 2024
Net worth
£-2.2k
book net assets
Opportunity
71/100
Strong
🔔
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What this business does
Primary activity: Information technology consultancy activities
Sector: Information & communication
ALSO REGISTERED FOR
  • 95110Repair of computers and peripheral equipment
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 71/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Deleverage or restructure. Leverage at 100% of assets — consider sale of non-core assets or equity injection. Most likely exit: strategic trade sale (65/100).

Data confidence

Overall: high (80/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile
address, 2 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
Confirmed no charges registered
85
Directors & officers
1 officers (1 active, 1 linked, 1 with DOB)
90
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
24 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
71/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
65
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Negative net assets
Liabilities exceed assets by £2,243
High leverage
Liabilities are 100% of total assets
Leverage
100%
Liabilities / Total assets

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
-£2k
Current Assets
£23k
Current Liabilities
-£2k£3k£8k£13k£18k£23kSept 2023Sept 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-09-302023-09-30
Total assets£23.9k
Current assets£22.9k
Net assets£-2.2k
Average employees100

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
3
filings
  • 2 persons-with-significant-control
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (19 events)Click to expand
  1. 2025-12-02
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  2. 2025-12-02
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  3. 2025-09-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2024-06-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2024-02-07
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  6. 2023-09-28
    📄
    change-person-director-company-with-change-date
    officers · CH01
  7. 2023-09-28
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  8. 2023-07-26
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2023-06-06
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  10. 2022-06-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2021-10-29
    📄
    change-person-director-company-with-change-date
    officers · CH01
  12. 2021-10-29
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  13. 2021-06-14
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  14. 2021-06-14
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  15. 2021-06-14
    📄
    change-person-director-company-with-change-date
    officers · CH01
  16. 2021-06-14
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  17. 2019-09-24
    🏢
    Company incorporated
    As 18IT UK LIMITED
  18. 2019-09-24
    CROKER, Paul Stuart appointed
    director
  19. 2019-09-24
    📄
    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.
  • +No director turnover: Company is 7 years old with no director changes — suggests a very tight-knit founder team never broadened.

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

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

Group structure

Lux Neon Investments Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Lux Neon Investments Ltd
Corporate parent · holds 75-100% shares
ultimate parent
18IT UK LIMITED
This company · 12223520

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
Lux Neon Investments Ltd
Corporate entity
75100%
75-100% shares29/10/2025
1 historic (ceased) PSC
  • Mr Paul Stuart Crokerceased 29/10/2025· 75-100% shares

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 →

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

8 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
Incorporated2019-09-24
Jurisdictionengland-wales
Primary SIC62020 — Information technology consultancy activities

Registered office

Henleaze Business Centre Harbury Road
Henleaze
Bristol
BS9 4PN
England

Filing status

Accounts
Next due: 2026-06-30
Last made up to: 2024-09-30
Confirmation statement
Next due: 2027-02-05
Last: 2026-01-22

Officers (1 active · 0 resigned)

CROKER, Paul Stuart
director · ~46y · appointed 2019-09-24
View their other companies + combined net worth →
Active

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

Recent filings (24 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2026-01-22
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2025-12-02
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-12-02
accounts-with-accounts-type-micro-entity
accounts · AA
2025-09-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-09-25
accounts-with-accounts-type-micro-entity
accounts · AA
2024-06-28
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-02-07
change-person-director-company-with-change-date
officers · CH01
2023-09-28
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-09-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-09-26
accounts-with-accounts-type-micro-entity
accounts · AA
2023-07-26
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-06-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-10-07
accounts-with-accounts-type-micro-entity
accounts · AA
2022-06-30