00232646 LIMITED
Opportunity 37/100 (watch), bankability 12/100. Strong seller-intent signal (88/100, director aged 80). Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: asset disposal / carve-out (90/100). Current lenders should be on immediate intervention.
Refinance opportunity
7 live charges · 6 lenders · oldest 37.4y
Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.
- · Oldest live charge is 37.4 years old — likely at or near maturity.
- · 6 lenders named — inter-creditor friction likely.
- · Legal-friction score 55/100 (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 (56 events)Click to expand
- 2016-05-17📄restoration-order-of-courtrestoration · AC92
- 2012-05-22📄gazette-dissolved-compulsarygazette · GAZ2
- 2012-05-22🏁Company dissolved
- 2012-02-07📄gazette-notice-compulsarygazette · GAZ1
- 2011-11-03📄restoration-order-of-courtrestoration · AC92
- 1996-08-03⚠️legacyinsolvency · LIQ
- 1996-05-03⚠️liquidation-voluntary-members-return-of-final-meetinginsolvency · 4.71
- 1996-03-07📄miscellaneousmiscellaneous · MISC
- 1996-03-07⚠️liquidation-voluntary-appointment-of-liquidatorinsolvency · 600
- 1996-03-07📄resolutionresolution · RESOLUTIONS
- 1996-03-07⚠️liquidation-voluntary-declaration-of-solvencyinsolvency · 4.70
- 1996-01-09📄legacyofficers · 288
- 1996-01-02📍legacyaddress · 287
- 1995-12-27📄legacyofficers · 288
- 1995-12-27📄legacyofficers · 288
- 1995-12-27📄legacyofficers · 288
- 1995-12-08📄legacyannual-return · 363x
- 1995-12-06📄legacyofficers · 288
- 1995-12-06📄legacyofficers · 288
- 1995-11-27📄accounts-with-accounts-type-dormantaccounts · AA
- 1995-11-22➖BFL SECRETARIES LIMITED resignedcorporate-secretary
- 1995-11-22➖DUDLEY, John Basil resigneddirector
- 1995-11-22➖PORT, David Charles resigneddirector
- 1995-11-08➖MURRAY, Leslie Porter resigneddirector
- 1995-11-03➕HANDLEY, Peter appointedsecretary
- 1995-11-03➕HANDLEY, Peter appointeddirector
- 1995-11-03➕MARSHALL, Dennis appointeddirector
- 1995-08-30📄legacyaccounts · 225(2)
- 1995-08-08📄legacymortgage · 403a
- 1995-06-21📄legacymortgage · 403a
- 1995-06-21🔓Charge satisfied #7
- 1995-02-08📄legacyofficers · 288
- 1995-02-08📄legacyofficers · 288
- 1995-02-02📄accounts-with-accounts-type-dormantaccounts · AA
- 1995-01-03➕BFL SECRETARIES LIMITED appointedcorporate-secretary
- 1994-12-31➖WHITE, John resignedsecretary
- 1993-07-02➖BUTLER, Michael Howard resigneddirector
- 1993-06-02➖TAYLOR, Alan resigneddirector
- 1993-04-14🔓Charge satisfied #5
- 1993-04-14🔓Charge satisfied #4
- 1993-04-14🔓Charge satisfied #3
- 1993-04-14🔓Charge satisfied #1
- 1992-09-01➖SMITH, Terence resigneddirector
- 1992-07-31🔒Charge registered #7Lender: National Westminster Bank PLC
- 1992-03-23🔒Charge registered #6Lender: Samuel Montagu & Co. Limited (In Its Capacity as Trustee)
- 1992-03-20➕BUTLER, Michael Howard appointeddirector
- 1992-03-20➖EDWARDS, Malcolm John resigneddirector
- 1992-01-02➕SMITH, Terence appointeddirector
- 1991-12-20➖HALHEAD, Richard John resigneddirector
- 1989-07-19🔓Charge satisfied #2
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 30 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 80 — 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 80 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 30 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 98 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
4 high · 1 med ·Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.
Evidence: Next due: 1997-01-31
Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.
Evidence: Next due: 2016-11-19
Company is actively being wound up. Not a going concern.
Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 1996-08-03: legacy; 1996-05-03: liquidation-voluntary-members-return-of-final-meeting
Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
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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| 1 STEP AHEAD IMMIGRATION SERVICES LTD→ 15057653 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
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| 1ST CLASS RECRUITMENT LIMITED→ 09843469 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
| 20-20 OFF-SITE LIMITED→ 11590130 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| 215 DOMESTIC EXTENSIONS LTD→ 14413812 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| 21ST CENTURY LAW LIMITED→ 07989284 · est 2012 · no financials extracted | — | — | — | — | 14y | — | — |
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| 24/THREE CONSULTANTS LTD→ 13182179 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
12 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 (3 active · 10 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | National Westminster Bank National Westminster Bank PLC | Full mortgage debenture | 1 property | 31/07/1992 | 21/06/1995 | |
| outstanding | Samuel Montagu & Co. (In Its Capacity as Trustee) Samuel Montagu & Co. Limited (In Its Capacity as Trustee) | Collateral trust debenture | 1 property | 23/03/1992 | — | |
| satisfied | Kleinwort Benson (Inits Capacity as Trustee) Kleinwort Benson Limited(Inits Capacity as Trustee) | Trust debenture | 1 property | 14/07/1989 | 14/04/1993 | |
| satisfied | Same Details as Charge 2 | Debenture | 1 property | 05/12/1988 | 14/04/1993 | |
| satisfied | Same Details as Charge 2 | Debenture | 1 property | 05/12/1988 | 14/04/1993 | |
| satisfied | Kleinwort Benson as Trustee for the Agent and the Banks Kleinwort Benson LTD as Trustee for the Agent and the Banks | Debenture | 1 property | 05/12/1988 | 19/07/1989 | |
| satisfied | Bankers Trust International Bankers Trust International Limited | Debenture | 1 property | 05/12/1988 | 14/04/1993 |