BASED APPS LTD

🌿Early-stageactive
SC775767 · ltd · incorporated 2023-07-14
Investment thesis
Growth-phase business — story-led; valuation sensitive to momentum.
Why interesting: Trading is scaling; acquirers paying for trajectory get disproportionate leverage.
Why risky: Price often leads fundamentals; dependency on founder often high.
🔒Estimated value
Upgrade to see
Turnover
year to Jul 2025
Net worth
book net assets
Opportunity
71/100
Strong
🔔
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What this business does
Primary activity: Wholesale of computers, computer peripheral equipment and software
Sector: Wholesale & retail
ALSO REGISTERED FOR
  • 62012Business and domestic software development
  • 62020Information technology consultancy activities
Investor take
Pursue
Strong opportunity: active trading company 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. Most likely exit: share sale to pe / searcher (58/100).

Data confidence

Overall: medium (77/100)

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

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
Confirmed no charges registered
85
Directors & officers
3 officers (2 active, 3 linked, 1 with DOB)
77
Ownership & PSC
2 active PSC(s) of 4 total, 4 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
15 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.

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
Current Assets
Current Liabilities
£0£0£0£0£0£0Jul 2024Jul 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-07-312024-07-31
Average employees00

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
1
filing
  • 1 accounts
Last 90 days
1
filing
  • 1 accounts
Last 180 days
1
filing
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (18 events)Click to expand
  1. 2026-04-01
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-10-14
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  3. 2025-10-14
    📄
    change-person-director-company-with-change-date
    officers · CH01
  4. 2025-10-14
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  5. 2025-10-14
    📄
    change-person-director-company-with-change-date
    officers · CH01
  6. 2025-10-14
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  7. 2025-10-14
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  8. 2025-07-17
    LITREEV, Aleksandr resigned
    secretary
  9. 2025-05-06
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  10. 2025-05-04
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  11. 2025-05-04
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC03
  12. 2025-05-04
    📄
    appoint-corporate-director-company-with-name-date
    officers · AP02
  13. 2025-05-04
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  14. 2025-05-01
    NORDIC DAPPS INC. appointed
    corporate-director
  15. 2023-07-14
    🏢
    Company incorporated
    As BASED APPS LTD
  16. 2023-07-14
    LITREEV, Aleksandr appointed
    director
  17. 2023-07-14
    LITREEV, Aleksandr appointed
    secretary
  18. 2023-07-14
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

63/100
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.
  • +Young company: Only 2.8 years old — management layer unlikely to be developed.

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

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

Group structure

Nordic Dapps Inc. is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Nordic Dapps Inc.
Corporate parent · holds 75-100% shares
ultimate parent
BASED APPS LTD
This company · SC775767

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

Shareholders & ownership

2 active beneficial owners · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Aleksandr Litreev
Individual · Russian · DOB 04/1996 · age 30
75100%
75–100%board control75-100% shares · 75-100% voting · board control17/07/2025
Nordic Dapps Inc.
Corporate entity
75100%
75–100%75-100% shares · 75-100% voting01/05/2025
2 historic (ceased) PSCs
  • Nordic Dapps Inc.ceased 17/07/2025· 75-100% shares · 75-100% voting
  • Mr. Aleksandr Litreevceased 01/05/2025· 75-100% shares · 75-100% 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

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
Incorporated2023-07-14
Jurisdictionscotland
Primary SIC46510 — Wholesale of computers, computer peripheral equipment and software

Registered office

5 South Charlotte Street
Edinburgh
EH2 4AN
Scotland

Filing status

Accounts
Next due: 2027-04-30
Last made up to: 2025-07-31
Confirmation statement
Next due: 2026-05-18
Last: 2025-05-04

Officers (2 active · 1 resigned)

LITREEV, Aleksandr
director · ~30y · appointed 2023-07-14
View their other companies + combined net worth →
Active
NORDIC DAPPS INC.
corporate-director · appointed 2025-05-01
View their other companies + combined net worth →
Active
LITREEV, Aleksandr
secretary · appointed 2023-07-14 · resigned 2025-07-17
Resigned

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

Recent filings (15 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2026-04-01
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-10-14
change-person-director-company-with-change-date
officers · CH01
2025-10-14
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2025-10-14
change-person-director-company-with-change-date
officers · CH01
2025-10-14
termination-secretary-company-with-name-termination-date
officers · TM02
2025-10-14
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-10-14
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2025-05-06
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-05-04
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC03
2025-05-04
confirmation-statement-with-updates
confirmation-statement · CS01
2025-05-04
appoint-corporate-director-company-with-name-date
officers · AP02
2025-05-04
accounts-with-accounts-type-micro-entity
accounts · AA
2025-05-04
confirmation-statement-with-updates
confirmation-statement · CS01
2024-08-01
incorporation-company
incorporation · NEWINC
2023-07-14