BITWISE LIMITED

🌳Matureactive

SC107588 · ltd · incorporated 1987-11-13

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

—

Upgrade to see

Turnover

—

year to Dec 2024

Net worth

—

book net assets

Opportunity

78/100

Strong

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What this business does

Primary activity: Information technology consultancy activities

Sector: Information & communication

Investor take

Pursue

Conservative operator with a 69-year-old founder — textbook succession opportunity.

Opportunity 78/100 (strong), bankability 67/100. Strong seller-intent signal (73/100, director aged 69). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (77/100).

🏦

Refinance opportunity

4 live charges · 3 lenders · oldest 32.9y

35/100

too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

· Oldest live charge is 32.9 years old — likely at or near maturity.
· 3 lenders named — inter-creditor friction likely.
· Legal-friction score 40/100 — workable, but lender will want more DD.

Data confidence

Overall: high (83/100)

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

Company profile

address, 1 SIC codes, incorporation date

100

Financials

2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed

Lenders & charges

4 charges (4/4 with lender, 4/4 with type)

Directors & officers

18 officers (6 active, 18 linked, 14 with DOB)

Ownership & PSC

1 active PSC(s) of 4 total, 4 with control declared

Director network

14 connected companies via shared directors

Filing history

147 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

🔒Estimated company valuation

Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.

Available from the Pro tier upwards.

See pricing →

Opportunity Score

78/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102

Profitable

Profit before tax £1,564,088

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

—

Current Assets

—

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102

Metric	2024-12-31	2023-12-31
Profit before tax	£1.56M	£1.61M
Average employees	400	7500

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

🔒Filing-note intelligence

2 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

filing

• 1 persons-with-significant-control

Last 90 days

filing

• 1 persons-with-significant-control

Last 180 days

filings

• 1 persons-with-significant-control
• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (52 events)Click to expand

2026-03-26
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-07-31
📄
accounts-with-accounts-type-full
accounts · AA
2024-07-05
📄
accounts-with-accounts-type-full
accounts · AA
2023-08-23
📄
accounts-with-accounts-type-full
accounts · AA
2023-01-09
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2022-12-16
📄
change-person-director-company-with-change-date
officers · CH01
2022-12-09
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2022-04-25
📄
accounts-with-accounts-type-small
accounts · AA
2022-01-20
📄
termination-director-company-with-name-termination-date
officers · TM01
2022-01-20
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2022-01-18
➖
SHARP, Grant William James resigned
director
2021-11-25
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2021-07-29
➖
CLARKE, John Bernard resigned
director
2021-07-29
📄
termination-director-company-with-name-termination-date
officers · TM01
2021-07-02
📄
appoint-person-director-company-with-name-date
officers · AP01
2021-06-30
📄
appoint-person-director-company-with-name-date
officers · AP01
2021-06-30
📄
appoint-person-director-company-with-name-date
officers · AP01
2021-06-30
📄
appoint-person-director-company-with-name-date
officers · AP01
2021-06-25
➕
BRYMER, Stewart, Prof appointed
director
2021-06-25
➕
O'DONNELL, Kathryn Margaret appointed
director
2021-06-25
➕
WALLS, Thomas, Dr appointed
director
2021-06-25
➕
SHARP, Grant William James appointed
director
2021-05-28
📄
accounts-with-accounts-type-small
accounts · AA
2020-09-01
📄
accounts-with-accounts-type-small
accounts · AA
2020-02-21
➕
O'DONNELL, Kathryn Margaret appointed
secretary
2020-02-21
➖
CCW SECRETARIES LIMITED resigned
corporate-secretary
2015-02-01
➕
MCWHIRTER, Ann appointed
director
2013-12-31
➖
SMEATON, Alexander Gary resigned
director
2012-01-21
🔓
Charge satisfied #3
2011-10-06
🔓
Charge satisfied #2
2011-04-13
🔒
Charge registered #4
Lender: Clydesdale Bank PLC
2005-01-28
➖
SINGLETON, Andrew Douglas resigned
director
2002-04-03
🔓
Charge satisfied #1
2002-02-04
🔒
Charge registered #3
Lender: The Governor and Company of the Bank of Scotland
2001-11-01
➕
CLARKE, John Bernard appointed
director
2001-10-31
➖
MCWHIRTER, Ann resigned
director
2001-10-09
🔒
Charge registered #2
Lender: The Governor and Company of the Bank of Scotland
2000-12-19
➕
SMEATON, Alexander Gary appointed
director
1999-12-10
➖
FINANCIAL TACTICS ACCOUNTS LTD resigned
corporate-secretary
1999-06-21
➖
SINGLETON, Andrew Douglas resigned
secretary
1999-06-21
➕
CCW SECRETARIES LIMITED appointed
corporate-secretary
1998-11-16
➕
FINANCIAL TACTICS ACCOUNTS LTD appointed
corporate-secretary
1997-10-31
➖
SMEATON, Alexander Gary resigned
director
1995-09-30
➖
FREW, Andrew John, Dr resigned
director
1994-12-16
➖
DUNCAN, Fergus Ion resigned
director
1993-06-04
🔒
Charge registered #1
Lender: Clydesdale Bank Public Limited Company
1992-08-30
➕
DUNCAN, Fergus Ion appointed
director
1992-08-30
➕
FREW, Andrew John, Dr appointed
director
1992-08-30
➕
SINGLETON, Andrew Douglas appointed
director
1992-08-30
➕
SMEATON, Alexander Gary appointed
director

Showing most recent 50 of 52 events

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

-5 active directors: Broader management team in place — suggests transferable governance.
+Founder age: Director aged approximately 69 — succession pressure is live.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

65/100

Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS

primaryFounder aged 63+: Senior director is approximately 69. Approaching typical UK retirement age — succession thinking likely.
secondaryStable-but-static management: Company is 38 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

1 med ·

Charge satisfaction-then-recreation pattern

medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%

Name	Shares	Voting rights	Nature of control	Notified
Mr Peter Craig Mcwhirter Individual · British · DOB 04/1963 · age 63	75–100%	75–100%	board controlsig. influence75-100% shares · 75-100% voting · board control · significant influence · trust interest	06/04/2016

3 historic (ceased) PSCs

Bitwise Group B.V.ceased 01/01/2022· 75-100% shares · 75-100% voting
Bitwise Group Bvceased 20/12/2022· 75-100% shares · 75-100% voting
Mr Peter Craig Mcwhirterceased 19/12/2019· 75-100% shares · 75-100% voting

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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GIALINK LIMITED→ SC299987 · est 2006 · no financials extracted	—	—	—	—	20y	—	—
GOSHEN CONSULT LTD→ SC484978 · est 2014 · no financials extracted	—	—	—	—	11y	—	—
GOVBIZ LIMITED→ SC363757 · est 2009 · no financials extracted	—	—	—	—	16y	—	—
GPMS MEDIA LTD→ SC720527 · est 2022 · no financials extracted	—	—	—	—	4y	—	—

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

Incorporated1987-11-13

Jurisdictionscotland

Primary SIC62020 — Information technology consultancy activities

Registered office

Crescent House, Carnegie Campus

Dunfermline

Fife

KY11 8GR

Filing status

Accounts

Next due: 2026-09-30

Last made up to: 2024-12-31

Confirmation statement

Next due: 2026-12-27

Last: 2025-12-13