IRIAM LIMITED

⚰️Wound downdissolved
SC192936 · ltd · incorporated 1999-01-28
Investment thesis
Company dissolved — not a live target.
Why interesting: Historical record only; useful for precedent research.
Why risky: Not transactable.
🔒Estimated value
—
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Turnover
—
year to Jan 2025
Net worth
—
book net assets
Opportunity
63/100
Worth a look
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What this business does
Primary activity: Information technology consultancy activities
Sector: Information & communication
Investor take
Pass (distressed without resilience)
Distressed unclear — structural issues outweigh the discount.

Opportunity 63/100 (worth a look), bankability 70/100. Strong seller-intent signal (65/100, director aged 58). 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: strategic trade sale (73/100).

Data confidence

Overall: medium (76/100)

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
Confirmed no charges registered
85
Directors & officers
5 officers (3 active, 5 linked, 3 with DOB)
82
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
70 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
63/100Worth 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
67
Some moderate concerns — review flags.
Signal strength
90
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0Jan 2024Jan 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-01-312024-01-31

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
0
filings
Counts from Companies House filing history.
Corporate timeline (25 events)Click to expand
  1. 2025-08-05
    📄
    gazette-dissolved-voluntary
    gazette · GAZ2(A)
  2. 2025-08-05
    🏁
    Company dissolved
  3. 2025-05-20
    📄
    gazette-notice-voluntary
    gazette · GAZ1(A)
  4. 2025-05-12
    📄
    dissolution-application-strike-off-company
    dissolution · DS01
  5. 2025-03-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2024-02-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2023-02-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2023-01-19
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  9. 2022-05-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2021-03-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2020-04-02
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2019-05-07
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2018-03-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  14. 2017-08-01
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  15. 2017-07-31
    ➕
    BLACK, Mairi appointed
    director
  16. 2017-07-24
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  17. 2016-08-22
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  18. 2016-01-21
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  19. 1999-01-28
    🏢
    Company incorporated
    As IRIAM LIMITED
  20. 1999-01-28
    ➕
    BLACK, Mairi appointed
    secretary
  21. 1999-01-28
    ➕
    BLACK, Philip appointed
    director
  22. 1999-01-28
    ➕
    REID, Brian appointed
    nominee-secretary
  23. 1999-01-28
    ➖
    REID, Brian resigned
    nominee-secretary
  24. 1999-01-28
    ➕
    MABBOTT, Stephen appointed
    nominee-director
  25. 1999-01-28
    ➖
    MABBOTT, Stephen resigned
    nominee-director

Owner dependency

84/100
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
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Long-tenure founder: Senior director has been in place 27 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 58 — approaching natural succession window.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

76/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 58. Early succession window.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 27 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 27 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 high ·
Company dissolved
high

Company has been dissolved — it no longer legally exists. Any diligence here is historical only.

Evidence: Dissolved on 2025-08-05

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr Philip Black
Individual · British · DOB 01/1968 · age 58
50–75%
—50-75% shares01/07/2016

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

Statusdissolved
Typeltd
Incorporated1999-01-28
Jurisdictionscotland
Primary SIC62020 — Information technology consultancy activities

Registered office

26 26
Gosford Park, Longniddry, Uk
Aberlady
East Lothian
EH32 0DD
United Kingdom

Filing status

Accounts
Next due: —
Last made up to: 2025-01-31
Confirmation statement
Next due: —
Last: 2025-01-18

Officers (0 active · 2 resigned)

BLACK, Mairi→
secretary · appointed 1999-01-28
View their other companies + combined net worth →
Active
BLACK, Mairi→
director · ~55y · appointed 2017-07-31
View their other companies + combined net worth →
Active
BLACK, Philip→
director · ~58y · appointed 1999-01-28
View their other companies + combined net worth →
Active
REID, Brian→
nominee-secretary · appointed 1999-01-28 · resigned 1999-01-28
Resigned
MABBOTT, Stephen→
nominee-director · ~76y · appointed 1999-01-28 · resigned 1999-01-28
Resigned

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

Recent filings (70 total)

gazette-dissolved-voluntary
gazette · GAZ2(A)
2025-08-05
gazette-notice-voluntary
gazette · GAZ1(A)
2025-05-20
dissolution-application-strike-off-company
dissolution · DS01
2025-05-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-03-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-02-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-02-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-01-19
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-01-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-05-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-01-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-03-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-01-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-04-02