BITWISE RT LIMITED

⚰️Wound downdissolved
SC303681 · ltd · incorporated 2006-06-09
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 19.8y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
64/100
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 64/100 (worth a look), bankability 75/100. Strong seller-intent signal (78/100, director aged 71). 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).

🏦

Refinance opportunity

1 live charge · oldest 19.8y

65/100
clean up first

Refinance viable after a tidy-up — address the highlighted items first.

  • · Oldest live charge is 19.8 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: low (52/100)

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
0
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
6 officers (3 active, 6 linked, 4 with DOB)
83
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
15 connected companies via shared directors
90
Filing history
33 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
64/100Worth 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
100
Good data coverage for analysis.

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 (36 events)Click to expand
  1. 2014-03-28
    📄
    gazette-dissolved-voluntary
    gazette · GAZ2(A)
  2. 2014-03-28
    🏁
    Company dissolved
  3. 2013-12-06
    📄
    gazette-notice-voluntary
    gazette · GAZ1(A)
  4. 2013-11-26
    📄
    dissolution-application-strike-off-company
    dissolution · DS01
  5. 2013-10-02
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2013-07-03
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  7. 2012-10-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2012-07-12
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  9. 2011-09-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2011-06-27
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  11. 2010-09-17
    📄
    accounts-with-accounts-type-full
    accounts · AA
  12. 2010-06-16
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  13. 2010-06-16
    📄
    change-corporate-secretary-company-with-change-date
    officers · CH04
  14. 2010-04-27
    📄
    termination-director-company-with-name
    officers · TM01
  15. 2010-04-27
    📄
    termination-director-company-with-name
    officers · TM01
  16. 2010-04-16
    ➖
    GRAHAM, Conrad Edward resigned
    director
  17. 2010-04-16
    ➖
    WRIGHT, Jeffrey Colin resigned
    director
  18. 2009-12-03
    📄
    accounts-with-accounts-type-full
    accounts · AA
  19. 2009-07-01
    📄
    legacy
    annual-return · 363a
  20. 2009-06-15
    📄
    resolution
    resolution · RESOLUTIONS
  21. 2008-12-01
    📄
    accounts-with-accounts-type-full
    accounts · AA
  22. 2008-06-19
    📄
    legacy
    annual-return · 363a
  23. 2007-10-25
    📄
    accounts-with-accounts-type-full
    accounts · AA
  24. 2007-09-25
    📄
    resolution
    resolution · RESOLUTIONS
  25. 2007-07-26
    📄
    legacy
    annual-return · 363a
  26. 2007-06-06
    📍
    legacy
    address · 287
  27. 2007-06-06
    📄
    legacy
    officers · 288c
  28. 2006-11-15
    📄
    legacy
    accounts · 225
  29. 2006-07-10
    🔒
    Charge registered #1
    Lender: The Governor and Company of the Bank of Scotland
  30. 2006-06-13
    ➕
    GRAHAM, Conrad Edward appointed
    director
  31. 2006-06-13
    ➕
    WRIGHT, Jeffrey Colin appointed
    director
  32. 2006-06-09
    🏢
    Company incorporated
    As BITWISE RT LIMITED
  33. 2006-06-09
    ➕
    CLARKE, John Bernard appointed
    director
  34. 2006-06-09
    ➕
    MCWHIRTER, Peter Craig appointed
    director
  35. 2006-06-09
    ➕
    OSWALDS OF EDINBURGH LIMITED appointed
    corporate-nominee-secretary
  36. 2006-06-09
    ➖
    OSWALDS OF EDINBURGH LIMITED resigned
    corporate-nominee-secretary

Owner dependency

83/100
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 20 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 71 — succession pressure is live.

Succession & seller-readiness

89/100
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.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondary12+ year tenure: Director in role 20 years.
  • secondaryStable-but-static management: Company is 20 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 2014-03-28

🔒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

8 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 →
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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.

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Company details

Statusdissolved
Typeltd
Incorporated2006-06-09
Jurisdictionscotland
Primary SIC62020 — Information technology consultancy activities

Registered office

Crescent House, Carnegie Campus
Dunfermline
Fife
KY11 8GR

Filing status

Accounts
Next due: —
Last made up to: 2012-12-31
Confirmation statement
Next due: —
Last: —

Officers (0 active · 3 resigned)

CCW SECRETARIES LIMITED→
corporate-secretary
View their other companies + combined net worth →
Active
CLARKE, John Bernard→
director · ~71y · appointed 2006-06-09
View their other companies + combined net worth →
Active
MCWHIRTER, Peter Craig→
director · ~63y · appointed 2006-06-09
View their other companies + combined net worth →
Active
OSWALDS OF EDINBURGH LIMITED→
corporate-nominee-secretary · appointed 2006-06-09 · resigned 2006-06-09
Resigned
GRAHAM, Conrad Edward→
director · ~59y · appointed 2006-06-13 · resigned 2010-04-16
Resigned
WRIGHT, Jeffrey Colin→
director · ~63y · appointed 2006-06-13 · resigned 2010-04-16
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 Governor and Company of the Bank of Scotland
Bond & floating charge1 property10/07/2006—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (33 total)

gazette-dissolved-voluntary
gazette · GAZ2(A)
2014-03-28
gazette-notice-voluntary
gazette · GAZ1(A)
2013-12-06
dissolution-application-strike-off-company
dissolution · DS01
2013-11-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2013-10-02
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2013-07-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2012-10-08
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2012-07-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2011-09-14
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2011-06-27
accounts-with-accounts-type-full
accounts · AA
2010-09-17
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2010-06-16
change-corporate-secretary-company-with-change-date
officers · CH04
2010-06-16
termination-director-company-with-name
officers · TM01
2010-04-27
termination-director-company-with-name
officers · TM01
2010-04-27
accounts-with-accounts-type-full
accounts · AA
2009-12-03