WORX24 RETAIL LTD

💤Zombieactive
SC170568 · ltd · incorporated 1996-12-12
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 Dec 2025
Net worth
£23.0k
book net assets
Opportunity
69/100
Strong
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What this business does
Primary activity: Information technology consultancy activities
Sector: Information & communication
Investor take
Special-situation opportunity
Distressed technology with salvageable qualities — special-situations priority.

Opportunity 69/100 (strong), bankability 80/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: No active directors on record. Company is active but has no current directors in the register. This is unusual and should be investigated. Most likely exit: strategic trade sale (65/100).

🏦

Refinance opportunity

1 live charge · oldest 23.2y

45/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 23.2 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (78/100)

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
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
11 officers (0 active, 11 linked, 8 with DOB)
85
Ownership & PSC
1 active PSC(s) of 4 total, 4 with control declared
90
Director network
Network not yet resolved
30
Filing history
90 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
69/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
50
Some acquirability indicators.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £22,960

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£23k
↑ 30% YoY
Current Assets
£28k
↑ 57% YoY
Current Liabilities
—
£0£6k£11k£17k£22k£28kDec 2024Dec 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-12-312024-12-31
Total assets£23.0k£17.7k
Current assets£27.8k£17.7k
Net assets£23.0k£17.7k

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

Recent activity

Last 30 days
0
filings
Last 90 days
1
filing
  • • 1 accounts
Last 180 days
4
filings
  • • 1 accounts
  • • 1 confirmation-statement
  • • 1 officers
Counts from Companies House filing history.
Corporate timeline (41 events)Click to expand
  1. 2026-03-22
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-12-22
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  3. 2025-12-22
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  4. 2025-12-12
    ➖
    WILKIE, James resigned
    director
  5. 2025-09-06
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2024-09-07
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2023-09-26
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2022-09-22
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2021-08-17
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2020-10-14
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2020-03-27
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  12. 2019-11-12
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  13. 2019-11-12
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  14. 2019-11-12
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  15. 2019-11-12
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  16. 2019-11-12
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  17. 2019-10-31
    ➖
    KERR, Angus Watson resigned
    director
  18. 2019-10-31
    ➖
    KERR, Duncan Hamish Edward resigned
    director
  19. 2019-10-31
    ➕
    WILKIE, James appointed
    director
  20. 2019-09-25
    📄
    resolution
    resolution · RESOLUTIONS
  21. 2019-09-12
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  22. 2018-05-01
    ➕
    KERR, Angus Watson appointed
    director
  23. 2018-03-23
    ➖
    WALLACE, Alistair resigned
    director
  24. 2014-12-31
    ➕
    KERR, Duncan Hamish Edward appointed
    director
  25. 2014-12-01
    ➖
    KERR, Angus Watson resigned
    director
  26. 2014-12-01
    ➕
    WALLACE, Alistair appointed
    director
  27. 2013-12-31
    ➖
    PCSG EDINBURGH LTD resigned
    corporate-director
  28. 2013-08-31
    ➖
    CHARLTON, John resigned
    director
  29. 2013-08-31
    ➕
    KERR, Angus Watson appointed
    director
  30. 2012-02-01
    ➕
    CHARLTON, John appointed
    director
  31. 2011-12-01
    ➖
    KERR, Maureen resigned
    secretary
  32. 2011-12-01
    ➖
    KERR, Angus Watson resigned
    director
  33. 2011-12-01
    ➕
    PCSG EDINBURGH LTD appointed
    corporate-director
  34. 2010-01-01
    ➖
    SHEARER, Brian Alexander resigned
    director
  35. 2003-02-15
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  36. 2001-01-01
    ➖
    KERR, Angus Watson resigned
    secretary
  37. 2001-01-01
    ➕
    KERR, Maureen appointed
    secretary
  38. 1996-12-12
    🏢
    Company incorporated
    As WORX24 RETAIL LTD
  39. 1996-12-12
    ➕
    KERR, Angus Watson appointed
    secretary
  40. 1996-12-12
    ➕
    KERR, Angus Watson appointed
    director
  41. 1996-12-12
    ➕
    SHEARER, Brian Alexander appointed
    director

Owner dependency

50/100
Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

Succession & seller-readiness

40/100
Moderate signal

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

SIGNALS
  • secondaryStable-but-static management: Company is 29 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

1 high ·
No active directors on record
high

Company is active but has no current directors in the register. This is unusual and should be investigated.

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Angus Watson Kerr
Individual · British · DOB 10/1965 · age 61
75–100%
—75-100% shares01/01/2020
3 historic (ceased) PSCs
  • Mr James Wilkieceased 12/12/2025· significant influence
  • Mr Angus Watson Kerrceased 30/10/2019· 75-100% shares
  • Mr Duncan Kerrceased 01/12/2018· 75-100% shares · 75-100% voting

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

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
Incorporated1996-12-12
Jurisdictionscotland
Primary SIC62020 — Information technology consultancy activities

Registered office

45 Tantallon Gardens
Murieston
Livingston
West Lothian
EH54 9AT

Filing status

Accounts
Next due: 2027-09-30
Last made up to: 2025-12-31
Confirmation statement
Next due: 2026-12-26
Last: 2025-12-12

Officers (0 active · 11 resigned)

KERR, Angus Watson→
secretary · appointed 1996-12-12 · resigned 2001-01-01
Resigned
KERR, Maureen→
secretary · appointed 2001-01-01 · resigned 2011-12-01
Resigned
CHARLTON, John→
director · ~74y · appointed 2012-02-01 · resigned 2013-08-31
Resigned
KERR, Angus Watson→
director · ~61y · appointed 2018-05-01 · resigned 2019-10-31
Resigned
KERR, Angus Watson→
director · ~61y · appointed 2013-08-31 · resigned 2014-12-01
Resigned
KERR, Angus Watson→
director · ~61y · appointed 1996-12-12 · resigned 2011-12-01
Resigned
KERR, Duncan Hamish Edward→
director · ~59y · appointed 2014-12-31 · resigned 2019-10-31
Resigned
SHEARER, Brian Alexander→
director · ~59y · appointed 1996-12-12 · resigned 2010-01-01
Resigned
WALLACE, Alistair→
director · ~60y · appointed 2014-12-01 · resigned 2018-03-23
Resigned
WILKIE, James→
director · ~61y · appointed 2019-10-31 · resigned 2025-12-12
Resigned
PCSG EDINBURGH LTD→
corporate-director · appointed 2011-12-01 · resigned 2013-12-31
Resigned

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property15/02/2003—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (90 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2026-03-22
confirmation-statement-with-updates
confirmation-statement · CS01
2025-12-22
termination-director-company-with-name-termination-date
officers · TM01
2025-12-22
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-12-22
accounts-with-accounts-type-micro-entity
accounts · AA
2025-09-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-14
accounts-with-accounts-type-micro-entity
accounts · AA
2024-09-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-12-14
accounts-with-accounts-type-micro-entity
accounts · AA
2023-09-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-12-14
accounts-with-accounts-type-micro-entity
accounts · AA
2022-09-22
confirmation-statement-with-updates
confirmation-statement · CS01
2021-12-14
accounts-with-accounts-type-micro-entity
accounts · AA
2021-08-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-12-14
accounts-with-accounts-type-micro-entity
accounts · AA
2020-10-14