HELIXION LIMITED

⚰️Wound downdissolved

SC231368 · ltd · incorporated 2002-05-10

Investment thesis

Company dissolved — not a live target.

Why interesting: Historical record only; useful for precedent research.

Why risky: Not transactable.

Opportunity decay

approaching window · 12-months

Approaching a transaction window — refinance or sale event plausible in the next 12 months.

· Oldest live charge 18.6y old — refinance window within 12 months

🔒Estimated value

—

Upgrade to see

Turnover

—

not disclosed

Net worth

—

book net assets

Opportunity

50/100

Worth a look

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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 unclear — structural issues outweigh the discount.

Opportunity 50/100 (worth a look), bankability 55/100. Asset purchase likely safer than share purchase given structural signals. 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: share sale to pe / searcher (50/100). Current lenders should be on monthly review.

🏦

Refinance opportunity

2 live charges · oldest 18.6y

55/100

too messy

Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.

· Oldest live charge is 18.6 years old — likely at or near maturity.
· Single lender — cleanest path to refinance.
· Legal-friction score 45/100 (high).

Data confidence

Overall: low (51/100)

Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.

Company profile

address, 1 SIC codes, incorporation date

100

Financials

No iXBRL financials extracted

Lenders & charges

2 charges (2/2 with lender, 2/2 with type)

Directors & officers

12 officers (5 active, 12 linked, 8 with DOB)

Ownership & PSC

No PSCs filed (unusual — worth investigating)

Director network

10 connected companies via shared directors

Filing history

93 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

50/100Worth a look

PassWatchWorth a lookStrongExceptional

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality

Concerning — overdue filings or status flags present.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Multiple red flags — proceed with caution.

Signal strength

100

Good data coverage for analysis.

Recent activity

Last 30 days

filings

Last 90 days

filings

Last 180 days

filings

Counts from Companies House filing history.

Corporate timeline (49 events)Click to expand

2019-03-27
⚠️
gazette-dissolved-liquidation
gazette · GAZ2
2019-03-27
🏁
Company dissolved
2018-12-27
⚠️
liquidation-compulsory-return-of-final-meeting-scotland
insolvency · 4.17(Scot)
2017-05-31
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2017-05-30
⚠️
liquidation-compulsory-winding-up-order-scotland
insolvency · 4.2(Scot)
2017-05-26
⚠️
liquidation-compulsory-notice-winding-up-scotland
insolvency · CO4.2(Scot)
2017-05-09
⚠️
liquidation-compulsory-appointment-provisional-liquidator-scotland
insolvency · 4.9(Scot)
2016-06-20
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2016-05-13
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2016-05-13
📍
change-sail-address-company-with-old-address-new-address
address · AD02
2016-05-10
📄
termination-director-company-with-name-termination-date
officers · TM01
2016-05-06
➖
MICHIE, Neal resigned
director
2015-06-04
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2015-05-13
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2014-06-04
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2014-01-30
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2013-10-18
📄
appoint-person-director-company-with-name
officers · AP01
2013-06-03
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2013-06-03
📍
change-sail-address-company-with-old-address
address · AD02
2013-05-10
➕
STEWART, Linda Clark appointed
director
2013-02-18
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2013-02-06
📄
termination-director-company-with-name
officers · TM01
2012-10-29
📄
appoint-person-director-company-with-name
officers · AP01
2012-10-23
➖
STEWART, Neil Millar resigned
director
2012-10-10
📍
change-registered-office-address-company-with-date-old-address
address · AD01
2012-10-08
➕
BROWN, Robert Neil appointed
director
2012-09-27
📄
appoint-person-director-company-with-name
officers · AP01
2012-09-27
📄
appoint-person-director-company-with-name
officers · AP01
2012-09-27
📄
appoint-person-director-company-with-name
officers · AP01
2012-09-26
➕
BALATONI, Susan appointed
director
2012-09-26
➕
HARKINS, Steven appointed
director
2012-09-26
➕
MICHIE, Neal appointed
director
2012-09-14
📄
legacy
mortgage · MG03s
2012-09-14
🔓
Charge satisfied #1
2007-11-12
🔒
Charge registered #2
Lender: Hsbc Bank PLC
2007-09-21
🔒
Charge registered #1
Lender: Hsbc Bank PLC
2004-09-01
➕
BALATONI, Susan appointed
secretary
2004-08-31
➖
BLP SECRETARIES LIMITED resigned
corporate-nominee-secretary
2003-08-27
➖
STEWART, Linda Clark resigned
director
2003-08-27
➕
STEWART, Neil Millar appointed
director
2002-08-23
➖
WAITE, Gary resigned
director
2002-07-31
➕
STEWART, Linda Clark appointed
director
2002-07-31
➕
WAITE, Gary appointed
director
2002-07-31
➖
BLP CREATIONS LIMITED resigned
corporate-nominee-director
2002-07-31
➖
BLP FORMATIONS LIMITED resigned
corporate-nominee-director
2002-05-10
🏢
Company incorporated
As HELIXION LIMITED
2002-05-10
➕
BLP SECRETARIES LIMITED appointed
corporate-nominee-secretary
2002-05-10
➕
BLP CREATIONS LIMITED appointed
corporate-nominee-director
2002-05-10
➕
BLP FORMATIONS LIMITED appointed
corporate-nominee-director

Owner dependency

55/100

Moderate — manageable with handover

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

FACTORS

-4 active directors: Broader management team in place — suggests transferable governance.
+Founder age: Director aged approximately 71 — succession pressure is live.

Succession & seller-readiness

83/100

Likely off-market candidate

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

SIGNALS

primaryFounder aged 70+: Senior director is approximately 71 years old. Natural succession window is now.
secondary12+ year tenure: Director in role 14 years.
secondaryStable-but-static management: Company is 24 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

2 high ·

Company dissolved

high

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

Evidence: Dissolved on 2019-03-27

5 insolvency-related filings on record

high

Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.

Evidence: 2019-03-27: gazette-dissolved-liquidation; 2018-12-27: liquidation-compulsory-return-of-final-meeting-scotland

🔒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

10 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.

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Company details

Statusdissolved

Typeltd

Incorporated2002-05-10

Jurisdictionscotland

Primary SIC62012 — Business and domestic software development

Registered office

C/O Kpmg Llp Saltire Court

20 Castle Terrace

Edinburgh

Midlothian

EH1 2EG

Filing status

Accounts

Next due: —

Last made up to: 2015-09-30

Confirmation statement

Next due: —

Last: —