NITEO DEVELOPMENT LTD
Opportunity 72/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -61% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (58/100).
Data confidence
Overall: medium (79/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredKey financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-07-31 | 2023-07-31 |
|---|---|---|
| Total assets | £329.6k | £347.9k |
| Current assets | £350.9k | £384.1k |
| Cash | £105.9k | £271.8k |
| Debtors | £245.0k | £112.2k |
| Net assets | £329.6k | £345.2k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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
- • 1 officers
Corporate timeline (12 events)Click to expand
- 2025-11-18📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-11-09➖SMITH, Euan Mark Edward resigneddirector
- 2025-04-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-04-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-04-26📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-04-12📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-04-20📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-10-08➕SMITH, Euan Mark Edward appointeddirector
- 2019-10-08📄appoint-person-director-company-with-name-dateofficers · AP01
- 2019-07-30🏢Company incorporatedAs NITEO DEVELOPMENT LTD
- 2019-07-30➕SMITH, Fiona Lucy appointeddirector
- 2019-07-30📄incorporation-companyincorporation · NEWINC
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +Sole director: Only one active director — all governance concentrated on one person.
Succession & seller-readiness
Some succession indicators present. Worth watching; approach if sector/strategy fits.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
Red flags
cleanShareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mrs Fiona Lucy Smith Individual · British · DOB 05/1971 · age 55 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 30/07/2019 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
See pricing →Similar companies
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| ORCADIA ENGINEERING LIMITED→ SC768896 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| ORKNEY BUSINESS CONSULTANTS LTD→ SC675794 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| ORKNEY BUSINESS RING - LABOUR AGENCY LIMITED→ SC306037 · est 2006 · no financials extracted | — | — | — | — | 19y | — | — |
| ORKNEY INFLATABLES LTD→ SC622238 · est 2019 · no financials extracted | — | — | — | — | 7y | — | — |
| ORKNEY INSPECTIONS LTD→ SC859830 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
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 →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
Registered office
Filing status
Officers (1 active · 1 resigned)
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