DFSYSTEMS LTD.

🌳Matureactive
SC210008 · ltd · incorporated 2000-08-15
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 Jul 2024
Net worth
£-8.4k
book net assets
Opportunity
81/100
Exceptional
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What this business does
Primary activity: Business and domestic software development
Sector: Information & communication
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 81/100 (exceptional), bankability 75/100. Strong seller-intent signal (70/100, director aged 62). Share purchase looks the cleaner deal structure. 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
8 officers (3 active, 8 linked, 5 with DOB)
83
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
75 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
81/100Exceptional
PassWatchWorth a lookStrongExceptional 

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
85
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Negative net assets
Liabilities exceed assets by £8,398

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
-£8k
~ YoY
Current Assets
£11k
~ YoY
Current Liabilities
—
-£8k-£4k-£446£4k£8k£11kJul 2023Jul 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2024-07-312023-07-31
Total assets£-8.4k£-8.4k
Current assets£11.5k£11.4k
Net assets£-8.4k£-8.4k

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 (29 events)Click to expand
  1. 2025-04-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-09-02
    📄
    change-person-director-company-with-change-date
    officers · CH01
  3. 2024-09-02
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  4. 2024-04-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2024-01-22
    📄
    change-person-director-company-with-change-date
    officers · CH01
  6. 2024-01-19
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  7. 2023-04-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2022-08-02
    📄
    change-person-director-company-with-change-date
    officers · CH01
  9. 2022-04-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2021-04-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2020-07-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2019-04-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2018-04-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  14. 2017-04-28
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2016-04-29
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2004-01-31
    ➕
    ALEXANDER, Andrew appointed
    secretary
  17. 2004-01-31
    ➖
    PATERSON, Neil William resigned
    secretary
  18. 2003-06-30
    ➕
    REID, David appointed
    director
  19. 2002-06-06
    ➖
    MARTIN, Christopher resigned
    director
  20. 2002-06-06
    ➖
    REID, David John resigned
    director
  21. 2002-02-28
    ➖
    HORGAN, Kevin resigned
    director
  22. 2000-08-15
    🏢
    Company incorporated
    As DFSYSTEMS LTD.
  23. 2000-08-15
    ➕
    ALEXANDER, Andrew appointed
    director
  24. 2000-08-15
    ➕
    PATERSON, Neil William appointed
    secretary
  25. 2000-08-15
    ➕
    IGP CORPORATE NOMINEES LTD appointed
    corporate-nominee-secretary
  26. 2000-08-15
    ➖
    IGP CORPORATE NOMINEES LTD resigned
    corporate-nominee-secretary
  27. 2000-08-15
    ➕
    HORGAN, Kevin appointed
    director
  28. 2000-08-15
    ➕
    MARTIN, Christopher appointed
    director
  29. 2000-08-15
    ➕
    REID, David John appointed
    director

Owner dependency

76/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Long-tenure founder: Senior director has been in place 26 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 62 — approaching natural succession window.

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 62. Early succession window.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 26 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 26 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

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

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr David Reid
Individual · British · DOB 12/1965 · age 61
25–50%
—25-50% shares30/07/2016
Mr Andrew Alexander
Individual · British · DOB 07/1967 · age 59
25–50%
—25-50% shares30/07/2016

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

6 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
Incorporated2000-08-15
Jurisdictionscotland
Primary SIC62012 — Business and domestic software development

Registered office

40/42 Brantwood Avenue
Dundee
Tayside
DD3 6EW

Filing status

Accounts
Next due: 2026-04-30
Last made up to: 2024-07-31
Confirmation statement
Next due: 2026-08-03
Last: 2025-07-20

Officers (3 active · 5 resigned)

ALEXANDER, Andrew→
secretary · appointed 2004-01-31
View their other companies + combined net worth →
Active
ALEXANDER, Andrew→
director · ~59y · appointed 2000-08-15
View their other companies + combined net worth →
Active
REID, David→
director · ~62y · appointed 2003-06-30
View their other companies + combined net worth →
Active
PATERSON, Neil William→
secretary · appointed 2000-08-15 · resigned 2004-01-31
Resigned
IGP CORPORATE NOMINEES LTD→
corporate-nominee-secretary · appointed 2000-08-15 · resigned 2000-08-15
Resigned
HORGAN, Kevin→
director · ~52y · appointed 2000-08-15 · resigned 2002-02-28
Resigned
MARTIN, Christopher→
director · ~57y · appointed 2000-08-15 · resigned 2002-06-06
Resigned
REID, David John→
director · ~61y · appointed 2000-08-15 · resigned 2002-06-06
Resigned

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

Recent filings (75 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-20
accounts-with-accounts-type-micro-entity
accounts · AA
2025-04-29
change-person-director-company-with-change-date
officers · CH01
2024-09-02
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-09-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-07
accounts-with-accounts-type-micro-entity
accounts · AA
2024-04-30
change-person-director-company-with-change-date
officers · CH01
2024-01-22
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-01-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-08-01
accounts-with-accounts-type-micro-entity
accounts · AA
2023-04-28
change-person-director-company-with-change-date
officers · CH01
2022-08-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-08-02
accounts-with-accounts-type-micro-entity
accounts · AA
2022-04-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-08-12
accounts-with-accounts-type-micro-entity
accounts · AA
2021-04-30