0122634 PLC
Opportunity 49/100 (watch), bankability 27/100. Strong seller-intent signal (70/100, director aged 77). Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: asset disposal / carve-out (55/100). Current lenders should be on monthly review.
Refinance opportunity
9 live charges · 4 lenders · oldest 58.2y
Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.
- · Oldest live charge is 58.2 years old — likely at or near maturity.
- · 4 lenders named — inter-creditor friction likely.
- · Legal-friction score 60/100 (high).
Data confidence
Overall: low (49/100)Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.
Not actionable now, but monitor — distressed, succession, or structural changes could flip this into a real opportunity.
Recent activity
Corporate timeline (75 events)Click to expand
- 2012-05-01📄gazette-dissolved-compulsorygazette · GAZ2
- 2012-05-01🏁Company dissolved
- 2012-01-17📄gazette-notice-compulsorygazette · GAZ1
- 2010-09-13📄restoration-order-of-courtrestoration · AC92
- 2007-07-17📄gazette-dissolved-compulsorygazette · GAZ2
- 2007-04-03📄gazette-notice-compulsorygazette · GAZ1
- 2006-11-22⚠️liquidation-receiver-abstract-of-receipts-and-paymentsinsolvency · 3.6
- 2006-11-22⚠️liquidation-receiver-abstract-of-receipts-and-paymentsinsolvency · 3.6
- 2006-11-14⚠️legacyinsolvency · 405(2)
- 2006-11-14⚠️legacyinsolvency · 405(2)
- 2006-04-20⚠️liquidation-receiver-abstract-of-receipts-and-paymentsinsolvency · 3.6
- 2006-04-11⚠️liquidation-receiver-abstract-of-receipts-and-paymentsinsolvency · 3.6
- 2005-12-28⚠️legacyinsolvency · 405(2)
- 2005-04-18⚠️liquidation-receiver-abstract-of-receipts-and-paymentsinsolvency · 3.6
- 2005-04-18⚠️liquidation-receiver-abstract-of-receipts-and-paymentsinsolvency · 3.6
- 2005-04-07⚠️liquidation-receiver-abstract-of-receipts-and-paymentsinsolvency · 3.6
- 2004-10-25📄legacyofficers · 288b
- 2004-10-18➖MUGGLESTONE, Steven Robert resigneddirector
- 2004-08-05📍legacyaddress · 287
- 2004-03-30📄miscellaneousmiscellaneous · MISC
- 2004-03-30⚠️liquidation-receiver-administrative-receivers-reportinsolvency · 3.10
- 2004-02-27⚠️legacyinsolvency · 405(1)
- 2004-02-24📄legacyofficers · 288b
- 2004-02-24📄legacyofficers · 288b
- 2004-02-24📄legacyofficers · 288b
- 2004-02-19📍legacyaddress · 287
- 2004-02-14➖GORE, William Hornby resigneddirector
- 2004-02-12⚠️legacyinsolvency · 405(1)
- 2004-02-11➖HALL, Anthony John resigneddirector
- 2004-02-11➖WAGSTAFF, John Barry resigneddirector
- 2003-10-01➕GORE, William Hornby appointeddirector
- 2003-09-30➖PAGE, Adam Stoddart resigneddirector
- 2003-08-07➖KING, Jeremy resigneddirector
- 2003-08-07➕MUGGLESTONE, Steven Robert appointeddirector
- 2003-07-01➖STEVENSON, David Robert resigneddirector
- 2003-05-16➖PICKARD, Rodney David resigneddirector
- 2003-02-17➖DENNETT, Nigel Alexander resigneddirector
- 2003-02-17➕KING, Jeremy appointeddirector
- 2003-01-07🔒Charge registered #9Lender: Lloyds Tsb Bank PLC
- 2002-12-23🔒Charge registered #8Lender: First Leisure Trading Limited
- 2002-11-11➕MARLEY, Michael Joseph appointeddirector
- 2002-08-12🔒Charge registered #7Lender: First Leisure Trading Limited
- 2001-08-28➕PICKARD, Rodney David appointeddirector
- 2001-07-20🔒Charge registered #6Lender: Lloyds Tsb Bank PLC
- 2001-04-25➖MCGREGOR, William resigneddirector
- 2000-11-27➕MCGREGOR, William appointeddirector
- 2000-05-25➕DENNETT, Nigel Alexander appointeddirector
- 2000-05-25➕STEVENSON, David Robert appointeddirector
- 2000-04-01➕MARLEY, Michael Joseph appointedsecretary
- 2000-04-01➖TURNER, Patricia Ann resignedsecretary
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Long-tenure founder: Senior director has been in place 28 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 77 — succession pressure is live.
Succession & seller-readiness
Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
- primaryFounder aged 70+: Senior director is approximately 77 years old. Natural succession window is now.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- primary20+ year tenure: Director in role 28 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 114 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
2 high · 1 lowCompany has been dissolved — it no longer legally exists. Any diligence here is historical only.
Evidence: Dissolved on 2012-05-01
Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2006-11-22: liquidation-receiver-abstract-of-receipts-and-payments; 2006-11-22: liquidation-receiver-abstract-of-receipts-and-payments
Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
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11 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 (0 active · 21 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group Lloyds Tsb Bank PLC | Mortgage deed | 1 property | 07/01/2003 | — | |
| outstanding | First Leisure Trading First Leisure Trading Limited | Supplemental legal mortgage | 2 properties | 23/12/2002 | — | |
| outstanding | First Leisure Trading First Leisure Trading Limited | Debenture | 1 property | 12/08/2002 | — | |
| outstanding | Lloyds Banking Group Lloyds Tsb Bank PLC | Debenture deed | 1 property | 20/07/2001 | — | |
| outstanding | Lloyds Banking Group Lloyds Bank PLC | Mortgage | 1 property | 27/10/1994 | — | |
| outstanding | Lloyds Banking Group Lloyds Bank PLC | Mortgage | 1 property | 27/10/1994 | — | |
| outstanding | Lloyds Banking Group Lloyds Bank PLC | Single debenture | 1 property | 19/03/1990 | — | |
| outstanding | Lloyds Banking Group Lloyds Bank PLC | Single debenture | 1 property | 08/04/1974 | — | |
| satisfied | Sun Life Assurance Soc Sun Life Assurance Soc LTD | Mortgage | 1 property | 16/02/1968 | 05/01/1995 |