GREENSPACE LIVE LIMITED

🌳Matureactive
SC350359 · ltd · incorporated 2008-10-24
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.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 13.8y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£61.1k
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: Business and domestic software development
Sector: Information & communication
ALSO REGISTERED FOR
  • 71200Technical testing and analysis
  • 74901Environmental consulting activities
Investor take
Pursue
Active trading company with a 75-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 80/100. Strong seller-intent signal (83/100, director aged 75). Share purchase looks the cleaner deal structure. Most likely exit: strategic trade sale (73/100).

🏦

Refinance opportunity

1 live charge · oldest 13.8y

85/100
ready

Refinance conversation should be productive — structure clean and timing right.

  • · Oldest live charge is 13.8 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 15/100 — clean.

Data confidence

Overall: high (80/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile
address, 3 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
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
3 active PSC(s) of 3 total, 3 with control declared
90
Director network
5 connected companies via shared directors
60
Filing history
53 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
82/100Exceptional
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
80
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £61,094
Net assets shrinking
Down £4,611 YoY

Key financials

2 years extracted from filed iXBRL accounts
Cash
£3k
Net Worth
£61k
↓ 7.0% YoY
Current Assets
£30k
↓ 33% YoY
Current Liabilities
—
£0£13k£26k£39k£53k£66kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-312024-03-31
Total assets£81.1k£85.7k
Current assets£30.3k£45.2k
Cash£3.4k—
Debtors£23.8k£36.5k
Net assets£61.1k£65.7k

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
0
filings
Last 90 days
0
filings
Last 180 days
2
filings
  • • 1 accounts
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (26 events)Click to expand
  1. 2025-12-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-12-02
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-12-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2022-12-09
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2021-12-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2020-11-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2020-09-08
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  8. 2020-09-07
    ➖
    MACMILLAN, Iain resigned
    director
  9. 2019-12-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2018-11-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2017-12-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2017-09-23
    📄
    appoint-person-secretary-company-with-name-date
    officers · AP03
  13. 2017-09-23
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  14. 2017-06-29
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  15. 2017-03-08
    ➕
    MACRITCHIE, Donald appointed
    secretary
  16. 2017-03-08
    ➖
    FINLAYSON, Neil, Mr. resigned
    secretary
  17. 2017-03-08
    ➖
    FINLAYSON, Neil, Mr. resigned
    director
  18. 2016-11-25
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  19. 2015-12-22
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  20. 2012-06-20
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  21. 2010-03-08
    ➕
    GREEN, David Ross appointed
    director
  22. 2010-03-08
    ➕
    MACMILLAN, Iain appointed
    director
  23. 2008-10-24
    🏢
    Company incorporated
    As GREENSPACE LIVE LIMITED
  24. 2008-10-24
    ➕
    MACRITCHIE, Donald appointed
    director
  25. 2008-10-24
    ➕
    FINLAYSON, Neil, Mr. appointed
    secretary
  26. 2008-10-24
    ➕
    FINLAYSON, Neil, Mr. appointed
    director

Owner dependency

98/100
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.
  • +Founder name in company name: Company name contains director surname "GREEN" — strong identity link between founder and business.
  • +Long-tenure founder: Senior director has been in place 17 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 75 — 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 75 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 17 years.
  • secondaryStable-but-static management: Company is 17 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.)

Group structure

Lews Castle College holds 25-50% — a significant corporate investor but not a controlling parent.

🏛️
Lews Castle College
Corporate parent · holds 25-50% shares
significant stake
⬇
GREENSPACE LIVE LIMITED
This company · SC350359

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

Shareholders & ownership

3 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Donald Macritchie
Individual · British · DOB 01/1952 · age 74
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016
Mr Neil Finlayson
Individual · British · DOB 10/1959 · age 67
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016
Lews Castle College
Corporate entity
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016

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

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

Statusactive
Typeltd
Incorporated2008-10-24
Jurisdictionscotland
Primary SIC62012 — Business and domestic software development

Registered office

Creative Industries And Media Centre
56 Seaforth Road
Stornoway
Isle Of Lewis
HS1 2SD

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-10-14
Last: 2025-09-30

Officers (3 active · 3 resigned)

MACRITCHIE, Donald→
secretary · appointed 2017-03-08
View their other companies + combined net worth →
Active
GREEN, David Ross→
director · ~75y · appointed 2010-03-08
View their other companies + combined net worth →
Active
MACRITCHIE, Donald→
director · ~74y · appointed 2008-10-24
View their other companies + combined net worth →
Active
FINLAYSON, Neil, Mr.→
secretary · appointed 2008-10-24 · resigned 2017-03-08
Resigned
FINLAYSON, Neil, Mr.→
director · ~67y · appointed 2008-10-24 · resigned 2017-03-08
Resigned
MACMILLAN, Iain→
director · ~66y · appointed 2010-03-08 · resigned 2020-09-07
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 Royal Bank of Scotland PLC
Floating charge1 property20/06/2012—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (53 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-10-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-10-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-11-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-11-03
termination-director-company-with-name-termination-date
officers · TM01
2020-09-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-12-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-10-24