TERMINUS 42 LIMITED
⚰️Wound downdissolved
00201671 · ltd · incorporated 1924-11-13
Investment thesis
Company dissolved — not a live target.
Why interesting: Historical record only; useful for precedent research.
Why risky: Not transactable.
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
59/100
Worth a look
What this business does
Primary activity: SIC 2222
Sector: Manufacturing
ALSO REGISTERED FOR
- 2223SIC 2223
Investor take
Pass (distressed without resilience)Distressed unclear — structural issues outweigh the discount.
Opportunity 59/100 (worth a look), bankability 47/100. High owner-dependency — earn-out structure likely required for clean transition. Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: Consolidate lender relationships. 10 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (45/100).
🏦
Refinance opportunity
11 live charges · 10 lenders · oldest 45.1y
25/100
too messy
Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.
- · Oldest live charge is 45.1 years old — likely at or near maturity.
- · 10 lenders named — inter-creditor friction likely.
- · Legal-friction score 55/100 (high).
Data confidence
Overall: low (53/100)Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.
Company profile
address, 2 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
11 charges (11/11 with lender, 11/11 with type)
90
Directors & officers
16 officers (5 active, 16 linked, 14 with DOB)
88
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
26 connected companies via shared directors
90
Filing history
148 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
59/100Worth a look
PassWatchWorth a lookStrongExceptional
Mixed signal. Worth opening the full target workup before deciding to pursue.
Business quality
20
Concerning — overdue filings or status flags present.
Acquirability
85
Strong succession / seller-readiness signals.
Risk profile
56
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 (65 events)Click to expand
- 2011-12-13📄gazette-dissolved-voluntarygazette · GAZ2(A)
- 2011-12-13🏁Company dissolved
- 2011-08-30📄gazette-notice-voluntarygazette · GAZ1(A)
- 2011-08-17📄dissolution-application-strike-off-companydissolution · DS01
- 2011-05-12✏️certificate-change-of-name-companychange-of-name · CERTNM
- 2011-05-12✏️change-of-name-noticechange-of-name · CONNOT
- 2010-10-20📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2010-02-06📄accounts-with-accounts-type-dormantaccounts · AA
- 2009-11-09📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2009-10-26📄change-person-secretary-company-with-change-dateofficers · CH03
- 2009-10-22📄change-person-director-company-with-change-dateofficers · CH01
- 2009-06-17📄accounts-with-made-up-dateaccounts · AA
- 2009-05-05📄legacyofficers · 288a
- 2009-04-30📄legacyofficers · 288b
- 2009-04-09➕JOHNSTON, Peter Douglas appointeddirector
- 2009-04-09➖TIMMINS, Richard Keith resigneddirector
- 2008-09-19📄legacyannual-return · 363a
- 2008-04-17📄accounts-with-made-up-dateaccounts · AA
- 2008-04-05📍legacyaddress · 287
- 2008-02-01📄legacyofficers · 288a
- 2008-01-07➕TIMMINS, Richard Keith appointeddirector
- 2007-10-25📄legacyannual-return · 363a
- 2007-09-03📄legacyofficers · 288b
- 2007-08-10➖JOHNSTON, Peter Douglas resigneddirector
- 2007-07-20📄accounts-with-made-up-dateaccounts · AA
- 2007-03-14📄resolutionresolution · RESOLUTIONS
- 2006-10-10📄legacyannual-return · 363a
- 2006-02-13📄accounts-with-accounts-type-fullaccounts · AA
- 2006-01-09📄legacyaccounts · 225
- 2006-01-03📄accounts-with-accounts-type-fullaccounts · AA
- 2004-10-28🔒Charge registered #11Lender: J.P. Morgan Europe Limited (Formerly Chase Manhattan International Limited) as Security Trusteefor Itself and the Other Secured Parties or Such Other Person as May from Time to Time Be Appointed Security Trustee
- 2004-10-28🔒Charge registered #10Lender: J.P. Morgan Europe Limited (Formerly Chase Manhattan International Limited) or Such Otherperson as May from Time to Time Be Appointed Security Agent and Trustee
- 2004-06-11➕GOODWIN, Alan appointedsecretary
- 2004-06-11➕GOODWIN, Alan James appointeddirector
- 2004-06-11➖BRIDGES, Clive resignedsecretary
- 2004-06-11➖BRIDGES, Clive resigneddirector
- 2002-09-30➖ROBERTSON, Malcolm Murray resigneddirector
- 2002-08-01➕HEARN, Catherine Ann appointeddirector
- 2002-08-01➕JOHNSTON, Peter Douglas appointeddirector
- 2002-01-28🔒Charge registered #9Lender: J.P.Morgan Europe Limited,as Security Trustee for the Secured Parties
- 2001-10-26🔒Charge registered #8Lender: Chase Manhattan International Limited (As Security Trustee for Itself and Investcorp Fundinglimited)
- 2001-09-20➖CONWAY, Andrew Ian resigneddirector
- 2001-09-17➖BROWN, Frederick James resigneddirector
- 2001-07-30➕HIBBERT, Barry Alan appointeddirector
- 2000-11-27➕ROBERTSON, Malcolm Murray appointeddirector
- 2000-11-16➕CONWAY, Andrew Ian appointeddirector
- 2000-08-01➖RUDSTON, Anthony resigneddirector
- 1998-06-26🔓Charge satisfied #6
- 1998-06-26🔓Charge satisfied #5
- 1998-06-26🔓Charge satisfied #3
Showing most recent 50 of 65 events
Owner dependency
65/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- -4 active directors: Broader management team in place — suggests transferable governance.
- +Long-tenure founder: Senior director has been in place 25 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 69 — succession pressure is live.
Succession & seller-readiness
80/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 63+: Senior director is approximately 69. Approaching typical UK retirement age — succession thinking likely.
- primary20+ year tenure: Director in role 25 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 101 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
1 high · 1 med · 1 lowCompany dissolved
highCompany has been dissolved — it no longer legally exists. Any diligence here is historical only.
Evidence: Dissolved on 2011-12-13
Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
7 live charges
lowHeavily leveraged with multiple live security positions — understand the capital structure before proceeding.
🔒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 AUTO REPAIRS LIMITED→ 02431107 · est 1989 · no financials extracted | — | — | — | — | 36y | — | — |
| 24HR ENGINEERS LTD→ 16675059 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| 33 RPM LIMITED→ 02944800 · est 1994 · no financials extracted | — | — | — | — | 31y | — | — |
| 3D TACT LTD→ 16596803 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| A1 SAFETY SOLUTIONS LTD→ 16789911 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| A5 FABRICATIONS LTD→ 15955911 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| AA ELECTRONICS LTD→ 17079765 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| AAA PROPERTY MAINTENANCE LIMITED→ 09292624 · est 2014 · no financials extracted | — | — | — | — | 11y | — | — |
| AAC TRANSPORT LTD→ 16972719 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| ABBOT PRINT LTD→ 01535133 · est 1980 · no financials extracted | — | — | — | — | 45y | — | — |
| ABDEX HOSE & COUPLINGS LIMITED→ 01611910 · est 1982 · no financials extracted | — | — | — | — | 44y | — | — |
| ACA-APEX LIMITED→ 03937909 · est 2000 · no financials extracted | — | — | — | — | 26y | — | — |
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
Statusdissolved
Typeltd
Incorporated1924-11-13
Jurisdictionengland-wales
Primary SIC2222 — SIC 2222
Registered office
1 Apex Business Centre
Boscombe Road
Dunstable
Bedfordshire
LU5 4SB
Filing status
Accounts
Next due: —
Last made up to: 2009-09-30
Confirmation statement
Next due: —
Last: —
Officers (0 active · 11 resigned)
Active
GOODWIN, Alan James→
Activedirector · ~60y · appointed 2004-06-11
View their other companies + combined net worth →
HEARN, Catherine Ann→
Activedirector · ~69y · appointed 2002-08-01
View their other companies + combined net worth →
HIBBERT, Barry Alan→
Activedirector · ~66y · appointed 2001-07-30
View their other companies + combined net worth →
JOHNSTON, Peter Douglas→
Activedirector · ~63y · appointed 2009-04-09
View their other companies + combined net worth →
BRIDGES, Clive→
Resignedsecretary · resigned 2004-06-11
BEDFORD, Allan John→
Resigneddirector · ~82y · appointed 1993-05-18 · resigned 1995-09-18
BRIDGES, Clive→
Resigneddirector · ~81y · resigned 2004-06-11
BROWN, Frederick James→
Resigneddirector · ~78y · resigned 2001-09-17
CONWAY, Andrew Ian→
Resigneddirector · ~80y · appointed 2000-11-16 · resigned 2001-09-20
HOLLORAN, Peter John→
Resigneddirector · ~82y · resigned 1996-06-14
JOHNSTON, Peter Douglas→
Resigneddirector · ~63y · appointed 2002-08-01 · resigned 2007-08-10
ROBERTSON, Malcolm Murray→
Resigneddirector · ~72y · appointed 2000-11-27 · resigned 2002-09-30
RUDSTON, Anthony→
Resigneddirector · ~85y · appointed 1996-06-17 · resigned 2000-08-01
TIMMINS, Richard Keith→
Resigneddirector · ~66y · appointed 2008-01-07 · resigned 2009-04-09
TURNER, Martin Brian→
Resigneddirector · ~69y · appointed 1996-06-01 · resigned 1998-04-01
Click a director name to see their full track record across all companies.
Mortgages & charges
11
Total charges
7
Outstanding
6
Active lenders
Status:Lender:11 of 11 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | J.P. Morgan Europe (Formerly Chase Manhattan International ) as Security Trusteefor Itself and the Other Secured Parties or Such Other Person as May from Time to Time Be Appointed Security Trustee J.P. Morgan Europe Limited (Formerly Chase Manhattan International Limited) as Security Trusteefor Itself and the Other Secured Parties or Such Other Person as May from Time to Time Be Appointed Security Trustee | Restated amendment to the supplemental deed to a composite guarantee and debenture dated 19 june 1998 and dated 4 september 1998 | 1 property | 28/10/2004 | — | |
| outstanding | J.P. Morgan Europe (Formerly Chase Manhattan International ) or Such Otherperson as May from Time to Time Be Appointed Security Agent and Trustee J.P. Morgan Europe Limited (Formerly Chase Manhattan International Limited) or Such Otherperson as May from Time to Time Be Appointed Security Agent and Trustee | Restated amendment of and accession to the composite guarantee & debenture dated 19/06/98 | 1 property | 28/10/2004 | — | |
| outstanding | J.P.Morgan Europe ,as Security Trustee for the Secured Parties J.P.Morgan Europe Limited,as Security Trustee for the Secured Parties | A composite guarantee and debenture between polestar,the polestar corporation PLC,certain subsidiaries of polestar and J.P.morgan europe limited | 6 properties | 28/01/2002 | — | |
| outstanding | Chase Manhattan International (As Security Trustee for Itself and Investcorp Fundinglimited) Chase Manhattan International Limited (As Security Trustee for Itself and Investcorp Fundinglimited) | A composite guarantee and debenture between the chargor, the polestar corporation PLC, certain subsidiaries of the chargor and chase manhattan international limited | 1 property | 26/10/2001 | — | |
| outstanding | Chase Manhattan International Chase Manhattan International Limited | Composite guarantee and debenture | 1 property | 19/06/1998 | — | |
| satisfied | Chemical Investment Bank Limitedas Security Agent (As Defined Therein) | Composite guarantee and debenture | 1 property | 28/12/1995 | 26/06/1998 | |
| satisfied | Standard Chartered Bank Therein)as Agent and Trustee for the Lenders (As Defined | Supplemental deed | 1 property | 28/12/1995 | 26/06/1998 | |
| satisfied | The Governor and the Company of the Bank of Scotlandbank S as Definedas Agent and Trustee for the Bank and Overdraft | Composite guarantee & debenture | 1 property | 08/02/1989 | 22/01/1996 | |
| satisfied | Standard Chartered Bankin the Deed.as Agent and Trustee per the Lenders as Defined | Composite guarantee & debenture | 1 property | 08/02/1989 | 26/06/1998 | |
| outstanding | National Westminster Bank National Westminster Bank PLC | Mortgage debenture | 1 property | 30/04/1981 | — | |
| outstanding | National Westminster Bank National Westminster Bank PLC | Deed | 1 property | 02/03/1981 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (148 total)
gazette-dissolved-voluntary
gazette · GAZ2(A)
2011-12-13
gazette-notice-voluntary
gazette · GAZ1(A)
2011-08-30
dissolution-application-strike-off-company
dissolution · DS01
2011-08-17
certificate-change-of-name-company
change-of-name · CERTNM
2011-05-12
change-of-name-notice
change-of-name · CONNOT
2011-05-12
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2010-10-20
accounts-with-accounts-type-dormant
accounts · AA
2010-02-06
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2009-11-09
change-person-secretary-company-with-change-date
officers · CH03
2009-10-26
change-person-director-company-with-change-date
officers · CH01
2009-10-22
accounts-with-made-up-date
accounts · AA
2009-06-17
legacy
officers · 288a
2009-05-05
legacy
officers · 288b
2009-04-30
legacy
annual-return · 363a
2008-09-19
accounts-with-made-up-date
accounts · AA
2008-04-17