CATONIC LTD

💤Zombieactive
SC753599 · ltd · incorporated 2022-12-21
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
🔒Estimated value
Upgrade to see
Turnover
year to Dec 2024
Net worth
£8.6k
book net assets
Opportunity
71/100
Strong
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What this business does
Primary activity: Electrical installation
Sector: Construction
ALSO REGISTERED FOR
  • 61200Wireless telecommunications activities
  • 71129Other engineering activities
  • 71200Technical testing and analysis
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and acceptable with review structure.

Opportunity 71/100 (strong), bankability 70/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (58/100).

Data confidence

Overall: medium (78/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, 4 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
Confirmed no charges registered
85
Directors & officers
2 officers (2 active, 2 linked, 1 with DOB)
80
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
11 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
71/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £8,552

Key financials

2 years extracted from filed iXBRL accounts
Cash
£5k
Net Worth
£9k
Current Assets
£9k
Current Liabilities
£0£2k£4k£5k£7k£9kDec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-12-312023-12-31
Total assets£10.2k
Current assets£9.1k
Cash£4.6k
Debtors£4.5k
Net assets£8.6k

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

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

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
1
filing
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (11 events)Click to expand
  1. 2025-09-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-01-17
    ARMSTRONG, Tammy appointed
    secretary
  3. 2025-01-17
    📄
    appoint-person-secretary-company-with-name-date
    officers · AP03
  4. 2025-01-16
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  5. 2024-09-06
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  6. 2022-12-30
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  7. 2022-12-30
    📄
    change-person-director-company-with-change-date
    officers · CH01
  8. 2022-12-30
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  9. 2022-12-21
    🏢
    Company incorporated
    As CATONIC LTD
  10. 2022-12-21
    SIMPSON, Jake Thomas appointed
    director
  11. 2022-12-21
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

75/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.

Succession & seller-readiness

45/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

Red flags

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Jake Thomas Simpson
Individual · British · DOB 07/2002 · age 24
75100%
75–100%board control75-100% shares · 75-100% voting · board control21/12/2022

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

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 →
🔒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
Incorporated2022-12-21
Jurisdictionscotland
Primary SIC43210 — Electrical installation

Registered office

Campbell House The Crichton Royal Grounds
Bankend Road
Dumfries
Dumfries & Galloway
DG1 4UQ
Scotland

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-12-27
Last: 2025-12-13

Officers (2 active · 0 resigned)

ARMSTRONG, Tammy
secretary · appointed 2025-01-17
View their other companies + combined net worth →
Active
SIMPSON, Jake Thomas
director · ~24y · appointed 2022-12-21
View their other companies + combined net worth →
Active

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

Recent filings (11 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-12-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-16
appoint-person-secretary-company-with-name-date
officers · AP03
2025-01-17
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-01-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-27
accounts-with-accounts-type-dormant
accounts · AA
2024-09-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-12-13
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-12-30
change-person-director-company-with-change-date
officers · CH01
2022-12-30
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-12-30
incorporation-company
incorporation · NEWINC
2022-12-21