00199624 LIMITED
🌳Matureactive
00199624 · ltd · incorporated 1924-07-30
Investment thesis
Looks cheap but ownership + security both unclear — probable value trap.
Why interesting: Headline metrics may be attractive.
Why risky: No PSC visibility combined with multiple live charges; transacting likely slow and expensive.
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
68/100
Strong
What this business does
Primary activity: SIC 7499
Sector: Professional, scientific & technical
Investor take
Pass (distressed without resilience)Distressed active trading company — structural issues outweigh the discount.
Opportunity 68/100 (strong), bankability 52/100. Strong seller-intent signal (65/100, director aged 86). Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: share sale to pe / searcher (45/100).
🏦
Refinance opportunity
6 live charges · 6 lenders · oldest 54.3y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 54.3 years old — likely at or near maturity.
- · 6 lenders named — inter-creditor friction likely.
- · Legal-friction score 25/100 — workable, but lender will want more DD.
Data confidence
Overall: low (50/100)Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.
Company profile
address, 1 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
6 charges (6/6 with lender, 6/6 with type)
90
Directors & officers
6 officers (3 active, 6 linked, 4 with DOB)
83
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
6 connected companies via shared directors
63
Filing history
63 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
68/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
55
Adequate — check latest filings for context.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
59
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.
Recent activity
Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (43 events)Click to expand
- 2018-07-06📄restoration-order-of-courtrestoration · AC92
- 2018-07-06✏️certificate-change-of-name-companychange-of-name · CERTNM
- 2002-11-12📄gazette-dissolved-voluntarygazette · GAZ2(A)
- 2002-08-17📄auditors-resignation-companyauditors · AUD
- 2002-07-30📄gazette-notice-voluntarygazette · GAZ1(A)
- 2002-06-19📄legacydissolution · 652a
- 2002-05-31📄legacyannual-return · 363s
- 2002-05-31📄legacyannual-return · 363(287)
- 2002-05-29📄accounts-with-accounts-type-fullaccounts · AA
- 2001-11-23📄legacymortgage · 403a
- 2001-11-23🔓Charge satisfied #6
- 2001-05-31📄legacyannual-return · 363s
- 2001-05-25📄accounts-with-accounts-type-fullaccounts · AA
- 2000-06-21📄legacyannual-return · 363s
- 2000-05-11📄accounts-with-accounts-type-fullaccounts · AA
- 1999-09-22✏️certificate-change-of-name-companychange-of-name · CERTNM
- 1999-06-16📄legacyannual-return · 363s
- 1999-05-12📄accounts-with-accounts-type-fullaccounts · AA
- 1998-12-07📄legacyofficers · 288b
- 1998-11-27➖MILES, Martin Hubert resigneddirector
- 1998-07-13📄legacyofficers · 288b
- 1998-07-02➖BAILEY, Peter resigneddirector
- 1998-06-01📄legacyannual-return · 363s
- 1998-06-01📄accounts-with-accounts-type-fullaccounts · AA
- 1997-06-05📄legacyannual-return · 363s
- 1997-06-05📄legacyannual-return · 363(190)
- 1997-05-27📄accounts-with-accounts-type-fullaccounts · AA
- 1997-04-25📄legacymortgage · 403a
- 1997-04-25🔓Charge satisfied #5
- 1997-04-25🔓Charge satisfied #1
- 1997-01-21🔒Charge registered #6Lender: Midland Bank PLC
- 1995-07-04🔓Charge satisfied #4
- 1995-07-04🔓Charge satisfied #3
- 1995-06-30➕GALLIMORE, David Andrew appointedsecretary
- 1995-06-30➖CORNES, William Henry resignedsecretary
- 1994-11-01➕MILES, Martin Hubert appointeddirector
- 1992-10-08🔓Charge satisfied #2
- 1992-03-13🔒Charge registered #5Lender: Barclays Bank PLC
- 1992-03-13🔒Charge registered #4Lender: David Stevens
- 1992-03-13🔒Charge registered #3Lender: Colin Stevens
- 1972-11-10🔒Charge registered #2Lender: Eagle Star Insurance Company LTD
- 1972-01-12🔒Charge registered #1Lender: Barclays Bank LTD
- 1924-07-30🏢Company incorporatedAs 00199624 LIMITED
Owner dependency
73/100
High — earn-out structure requiredMaterial 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.
- +Founder age: Director aged approximately 86 — succession pressure is live.
Succession & seller-readiness
76/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 86 years old. Natural succession window is now.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- secondaryStable-but-static management: Company is 102 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
1 high · 1 med ·Accounts overdue
highStatutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.
Evidence: Next due: 2003-05-31
Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
🔒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 →Similar companies
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|---|---|---|---|---|---|---|---|
| 1ST ENGINEERING SERVICES LIMITED→ 16302653 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| 1ST4BOOKS LTD→ 08167417 · est 2012 · no financials extracted | — | — | — | — | 13y | — | — |
| 2.0 ARCH LTD→ 16607549 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| 212 RECRUITMENT CONSULTANTS LTD→ 10631677 · est 2017 · no financials extracted | — | — | — | — | 9y | — | — |
| 2411 GROUP LIMITED→ 11784978 · est 2019 · no financials extracted | — | — | — | — | 7y | — | — |
| 25 SEVEN TALENT SOLUTIONS LTD→ 14245166 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| 27M PROFESSIONAL SERVICES LTD→ 15871433 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| 293 CONSULT LTD→ 17109036 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| 2M ACCOUNTING SERVICES LTD→ 07402762 · est 2010 · no financials extracted | — | — | — | — | 15y | — | — |
| 3S MORTGAGES LTD→ 06248227 · est 2007 · no financials extracted | — | — | — | — | 18y | — | — |
| 4 PEAKS LIMITED→ 04187382 · est 2001 · no financials extracted | — | — | — | — | 25y | — | — |
| 4 WHEEL MOTION - CAR HIRE LTD→ 16237958 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
9 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
Incorporated1924-07-30
Jurisdictionengland-wales
Primary SIC7499 — SIC 7499
Registered office
C/O Avf Group Ltd
Dixon Street
Wolverhampton
WV2 2BX
Filing status
Accounts
Next due: 2003-05-31OVERDUE
Last made up to: 2001-07-31
Confirmation statement
Next due: —
Last: —
Officers (3 active · 3 resigned)
GALLIMORE, David Andrew→
Activesecretary · appointed 1995-06-30
View their other companies + combined net worth →
Active
KRAUSHAR, Christopher Arthur Anthony→
Activedirector · ~86y
View their other companies + combined net worth →
CORNES, William Henry→
Resignedsecretary · resigned 1995-06-30
BAILEY, Peter→
Resigneddirector · ~93y · resigned 1998-07-02
MILES, Martin Hubert→
Resigneddirector · ~75y · appointed 1994-11-01 · resigned 1998-11-27
Click a director name to see their full track record across all companies.
Mortgages & charges
6
Total charges
0
Outstanding
0
Active lenders
Status:Lender:6 of 6 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Midland Bank Midland Bank PLC | Fixed and floating charge | 1 property | 21/01/1997 | 23/11/2001 | |
| satisfied | Barclays Barclays Bank PLC | Legal charge | 1 property | 13/03/1992 | 25/04/1997 | |
| satisfied | David Stevens | Guarantee and debenture | 1 property | 13/03/1992 | 04/07/1995 | |
| satisfied | Colin Stevens | Guarantee and debenture | 1 property | 13/03/1992 | 04/07/1995 | |
| satisfied | Eagle Star Insurance Company Eagle Star Insurance Company LTD | Mortgage | 1 property | 10/11/1972 | 08/10/1992 | |
| satisfied | Barclays Barclays Bank LTD | Debenture | 1 property | 12/01/1972 | 25/04/1997 |
Recent filings (63 total)
restoration-order-of-court
restoration · AC92
2018-07-06
certificate-change-of-name-company
change-of-name · CERTNM
2018-07-06
gazette-dissolved-voluntary
gazette · GAZ2(A)
2002-11-12
auditors-resignation-company
auditors · AUD
2002-08-17
gazette-notice-voluntary
gazette · GAZ1(A)
2002-07-30
legacy
dissolution · 652a
2002-06-19
legacy
annual-return · 363s
2002-05-31
legacy
annual-return · 363(287)
2002-05-31
accounts-with-accounts-type-full
accounts · AA
2002-05-29
legacy
mortgage · 403a
2001-11-23
legacy
annual-return · 363s
2001-05-31
accounts-with-accounts-type-full
accounts · AA
2001-05-25
legacy
annual-return · 363s
2000-06-21
accounts-with-accounts-type-full
accounts · AA
2000-05-11
certificate-change-of-name-company
change-of-name · CERTNM
1999-09-22