OBJECTIVE ASSOCIATES LIMITED

🌳Matureactive
SC233985 · ltd · incorporated 2002-07-10
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.
Why now
Window steady · high confidence
Thesis has shifted recently — watch for confirmation.
  • · Investment thesis: well_run_hard_buy → unclassified
  • · Hygiene score: 82 → 67
  • · Deal-killer verdict: clean → complicated
  • · Opportunity score: 83 → 73
What changed my view
Last 30 days

Picture worsened over the last 30 days — 3 negative signals vs 1 positive.

  • ·Investment thesis: well_run_hard_buy → unclassified
  • ↓Deal-killer verdict: clean → complicated
  • ↓Opportunity score: 83 → 73
  • ↓Hygiene score: 82 → 67
  • ↑PSC count: 2 → 3
Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value
—
Upgrade to see
Turnover
—
year to Sept 2024
Net worth
—
book net assets
Opportunity
73/100
Strong
🔔
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What this business does
Primary activity: Other information technology service activities
Sector: Information & communication
Investor take
Pursue
Strong opportunity: active trading company with strong profile and acceptable with review structure.

Opportunity 73/100 (strong), bankability 67/100. High owner-dependency — earn-out structure likely required for clean transition. 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 (58/100).

🏦

Refinance opportunity

3 live charges · 3 lenders · oldest 22.4y

35/100
too messy

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

  • · Oldest live charge is 22.4 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Legal-friction score 43/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (79/100)

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
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
11 officers (2 active, 11 linked, 7 with DOB)
83
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
121 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
73/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
55
Some acquirability indicators.
Risk profile
77
Few red flags.
Signal strength
100
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£0Sept 2023Sept 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-09-302023-09-30
Average employees500700

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
9
filings
  • • 6 officers
  • • 3 persons-with-significant-control
Last 90 days
9
filings
  • • 6 officers
  • • 3 persons-with-significant-control
Last 180 days
9
filings
  • • 6 officers
  • • 3 persons-with-significant-control
Counts from Companies House filing history.
Corporate timeline (44 events)Click to expand
  1. 2026-05-14
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  2. 2026-05-11
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  3. 2026-05-11
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  4. 2026-05-11
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  5. 2026-05-11
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  6. 2026-05-11
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  7. 2026-05-11
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  8. 2026-05-11
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  9. 2026-05-11
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  10. 2026-04-30
    ➕
    INGRAM, Claire Suzanne appointed
    director
  11. 2026-04-30
    ➕
    INGRAM, Keith John appointed
    director
  12. 2026-04-30
    ➖
    OGILVIE, Alexander resigned
    secretary
  13. 2026-04-30
    ➖
    INGRAM, Fraser Renny resigned
    director
  14. 2026-04-30
    ➖
    MORRIS, Steven Charles resigned
    director
  15. 2026-04-30
    ➖
    OGILVIE, Alexander resigned
    director
  16. 2025-06-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2024-06-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  18. 2023-08-29
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  19. 2023-08-29
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  20. 2023-08-29
    🔓
    Charge satisfied #3
  21. 2023-08-29
    🔓
    Charge satisfied #2
  22. 2023-08-24
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  23. 2023-06-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  24. 2022-06-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  25. 2021-11-22
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  26. 2021-05-04
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  27. 2018-01-12
    ➖
    GRANT, Simon resigned
    director
  28. 2016-06-08
    ➕
    GRANT, Simon appointed
    director
  29. 2013-07-02
    🔒
    Charge registered #3
    Lender: East of Scotland Investment Fund Limited
  30. 2013-05-21
    🔒
    Charge registered #2
    Lender: Bibby Factors Scotland Limited
  31. 2011-09-27
    ➕
    MORRIS, Steven Charles appointed
    director
  32. 2007-03-08
    ➖
    HADDOW, Alexander John resigned
    director
  33. 2004-09-09
    ➕
    INGRAM, Fraser Renny appointed
    director
  34. 2004-01-05
    🔒
    Charge registered #1
    Lender: Hsbc Bank PLC
  35. 2002-08-30
    ➕
    OGILVIE, Alexander appointed
    secretary
  36. 2002-08-30
    ➖
    MACLAY MURRAY & SPENS LLP resigned
    corporate-nominee-secretary
  37. 2002-08-30
    ➕
    HADDOW, Alexander John appointed
    director
  38. 2002-08-30
    ➕
    OGILVIE, Alexander appointed
    director
  39. 2002-08-30
    ➖
    VINDEX LIMITED resigned
    corporate-nominee-director
  40. 2002-08-30
    ➖
    VINDEX SERVICES LIMITED resigned
    corporate-nominee-director
  41. 2002-07-10
    🏢
    Company incorporated
    As OBJECTIVE ASSOCIATES LIMITED
  42. 2002-07-10
    ➕
    MACLAY MURRAY & SPENS LLP appointed
    corporate-nominee-secretary
  43. 2002-07-10
    ➕
    VINDEX LIMITED appointed
    corporate-nominee-director
  44. 2002-07-10
    ➕
    VINDEX SERVICES LIMITED appointed
    corporate-nominee-director

Owner dependency

66/100
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.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

36/100
Weak signal

Limited succession signal. Not a near-term off-market candidate.

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

Red flags

1 med ·
4 director resignations in last 12 months
medium

Multiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.

Evidence: OGILVIE, Alexander resigned 2026-04-30; INGRAM, Fraser Renny resigned 2026-04-30; MORRIS, Steven Charles resigned 2026-04-30

Group structure

H T S (Scotland) is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
H T S (Scotland)
Corporate parent · holds 75-100% shares · board control
ultimate parent
⬇
OBJECTIVE ASSOCIATES LIMITED
This company · SC233985

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
H T S (Scotland)
Corporate entity
75–100%
75–100%board control75-100% shares · 75-100% voting · board control30/04/2026
2 historic (ceased) PSCs
  • Mr Fraser Renny Ingramceased 30/04/2026· significant influence · firm interest
  • Alex Ogilvieceased 30/04/2026· 25-50% shares · 25-50% 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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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
Incorporated2002-07-10
Jurisdictionscotland
Primary SIC62090 — Other information technology service activities

Registered office

Macfarlane Gray House
Castlecraig Business Park
Stirling
FK7 7WT
Scotland

Filing status

Accounts
Next due: 2026-06-30
Last made up to: 2024-09-30
Confirmation statement
Next due: 2026-12-06
Last: 2025-11-22

Officers (2 active · 9 resigned)

INGRAM, Claire Suzanne→
director · ~48y · appointed 2026-04-30
View their other companies + combined net worth →
Active
INGRAM, Keith John→
director · ~54y · appointed 2026-04-30
View their other companies + combined net worth →
Active
OGILVIE, Alexander→
secretary · appointed 2002-08-30 · resigned 2026-04-30
Resigned
MACLAY MURRAY & SPENS LLP→
corporate-nominee-secretary · appointed 2002-07-10 · resigned 2002-08-30
Resigned
GRANT, Simon→
director · ~56y · appointed 2016-06-08 · resigned 2018-01-12
Resigned
HADDOW, Alexander John→
director · ~67y · appointed 2002-08-30 · resigned 2007-03-08
Resigned
INGRAM, Fraser Renny→
director · ~51y · appointed 2004-09-09 · resigned 2026-04-30
Resigned
MORRIS, Steven Charles→
director · ~64y · appointed 2011-09-27 · resigned 2026-04-30
Resigned
OGILVIE, Alexander→
director · ~65y · appointed 2002-08-30 · resigned 2026-04-30
Resigned
VINDEX LIMITED→
corporate-nominee-director · appointed 2002-07-10 · resigned 2002-08-30
Resigned
VINDEX SERVICES LIMITED→
corporate-nominee-director · appointed 2002-07-10 · resigned 2002-08-30
Resigned

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

Mortgages & charges

3
Total charges
1
Outstanding
1
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
satisfied
East of Scotland Investment Fund
East of Scotland Investment Fund Limited
A registered charge1 property02/07/201329/08/2023
satisfied
Bibby Financial Services
Bibby Factors Scotland Limited
A registered charge1 property21/05/201329/08/2023
outstanding
HSBC
Hsbc Bank PLC
Floating charge1 property05/01/2004—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (121 total)

appoint-person-director-company-with-name-date
officers · AP01
2026-05-14
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2026-05-11
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2026-05-11
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2026-05-11
termination-director-company-with-name-termination-date
officers · TM01
2026-05-11
termination-director-company-with-name-termination-date
officers · TM01
2026-05-11
termination-director-company-with-name-termination-date
officers · TM01
2026-05-11
termination-secretary-company-with-name-termination-date
officers · TM02
2026-05-11
appoint-person-director-company-with-name-date
officers · AP01
2026-05-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-06-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-06-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-27
mortgage-satisfy-charge-full
mortgage · MR04
2023-08-29