00261908 LIMITED
⚰️Wound downliquidation
00261908 · ltd · incorporated 1932-01-14
Investment thesis
Company liquidation — 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
36/100
Watch
What this business does
Primary activity: SIC 2030
Sector: Manufacturing
Investor take
Pass (distressed without resilience)Distressed low-transparency controlled group — structural issues outweigh the discount.
Opportunity 36/100 (watch), bankability 2/100. Strong seller-intent signal (65/100, director aged 58). 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 (100/100). Current lenders should be on immediate intervention.
🏦
Refinance opportunity
12 live charges · 8 lenders · oldest 79.5y
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 79.5 years old — likely at or near maturity.
- · 8 lenders named — inter-creditor friction likely.
- · Legal-friction score 70/100 (specialist).
Data confidence
Overall: low (49/100)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
12 charges (12/12 with lender, 12/12 with type)
90
Directors & officers
9 officers (1 active, 9 linked, 7 with DOB)
86
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
1 connected companies via shared directors
48
Filing history
102 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
36/100Watch
PassWatchWorth a lookStrongExceptional
Not actionable now, but monitor — distressed, succession, or structural changes could flip this into a real opportunity.
Business quality
0
Concerning — overdue filings or status flags present.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
2
Multiple red flags — proceed with caution.
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 (57 events)Click to expand
- 2018-10-31📄restoration-order-of-courtrestoration · AC92
- 2015-09-15📄gazette-dissolved-compulsorygazette · GAZ2
- 2015-09-15🏁Company dissolved
- 2015-06-02📄gazette-notice-compulsorygazette · GAZ1
- 2014-07-22📄dissolved-compulsory-strike-off-suspendeddissolution · DISS16(SOAS)
- 2014-06-17📄gazette-notice-compulsarygazette · GAZ1
- 2013-09-09📄restoration-order-of-courtrestoration · AC92
- 2010-01-09⚠️gazette-dissolved-liquidationgazette · GAZ2
- 2009-10-09⚠️liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-dateinsolvency · 4.68
- 2009-10-09⚠️liquidation-voluntary-creditors-return-of-final-meetinginsolvency · 4.72
- 2009-05-16⚠️liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-dateinsolvency · 4.68
- 2008-11-18⚠️liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-dateinsolvency · 4.68
- 2008-05-29⚠️liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-dateinsolvency · 4.68
- 2007-11-12⚠️liquidation-voluntary-statement-of-receipts-and-paymentsinsolvency · 4.68
- 2006-11-06⚠️liquidation-in-administration-move-to-creditors-voluntary-liquidationinsolvency · 2.34B
- 2006-11-06⚠️liquidation-in-administration-progress-reportinsolvency · 2.24B
- 2006-07-19⚠️liquidation-cva-supervisors-abstract-of-receipts-payments-with-brought-down-dateinsolvency · 1.3
- 2006-05-17⚠️liquidation-in-administration-progress-reportinsolvency · 2.24B
- 2006-01-04⚠️liquidation-in-administration-result-creditors-meetinginsolvency · 2.23B
- 2005-12-15⚠️liquidation-in-administration-proposalsinsolvency · 2.17B
- 2005-10-26⚠️liquidation-in-administration-appointment-of-administratorinsolvency · 2.12B
- 2005-10-26📍legacyaddress · 287
- 2005-10-24📄legacyofficers · 288b
- 2005-10-24📄legacyofficers · 288b
- 2005-10-24📄legacyofficers · 288b
- 2005-10-24📄legacyofficers · 288b
- 2005-10-04🔓Charge satisfied #12
- 2005-09-11➖PORTER, Emma Sarah Louise resignedsecretary
- 2005-09-11➖MCSALLY, Ian resigneddirector
- 2005-09-11➖PORTER, John Brian resigneddirector
- 2005-09-11➖PORTER, Valerie resigneddirector
- 2005-09-05🔒Charge registered #12Lender: The Royal Bank of Scotland PLC
- 2005-08-09🔒Charge registered #11Lender: Technical & General Guarantee Company Limited
- 2004-07-07➖ANDERSON, Martin Barras resigneddirector
- 2004-05-20➕MCSALLY, Ian appointeddirector
- 2004-04-20➖PORTER, Valerie resignedsecretary
- 2004-03-06🔓Charge satisfied #4
- 2004-03-06🔓Charge satisfied #3
- 2004-03-01🔒Charge registered #10Lender: Bibby Asset Finance Limited
- 2004-03-01🔓Charge satisfied #5
- 2004-03-01🔓Charge satisfied #2
- 2004-03-01🔓Charge satisfied #1
- 2004-02-27🔒Charge registered #9Lender: Bibby Asset Finance Limited
- 2004-02-27🔒Charge registered #8Lender: Bibby Asset Finance Limited
- 2004-02-17🔓Charge satisfied #6
- 2004-02-04🔒Charge registered #7Lender: Bibby Factors Northeast Limited
- 2004-01-30➕PORTER, Emma Sarah Louise appointedsecretary
- 2003-09-15🔒Charge registered #6Lender: Peter Golding and Colin Robson
- 1997-12-11🔒Charge registered #5Lender: Midland Bank PLC
- 1997-07-01➕PORTER, Timothy John appointeddirector
Showing most recent 50 of 57 events
Owner dependency
93/100
Critical — business is the founderThe business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
FACTORS
- +Sole director: Only one active director — all governance concentrated on one person.
- +Long-tenure founder: Senior director has been in place 29 years — deep operational knowledge concentrated in one person.
- +Senior director age: Director aged approximately 58 — approaching natural succession window.
Succession & seller-readiness
80/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- secondaryFounder aged 58+: Senior director is approximately 58. Early succession window.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- primary20+ year tenure: Director in role 29 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 94 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
4 high · 1 med · 1 lowAccounts overdue
highStatutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.
Evidence: Next due: 2005-12-28
Confirmation statement overdue
highAnnual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.
Evidence: Next due: 2016-11-07
Company in liquidation
highCompany is actively being wound up. Not a going concern.
14 insolvency-related filings on record
highFilings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2010-01-09: gazette-dissolved-liquidation; 2009-10-09: liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date
Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
5 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.
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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
13 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
Statusliquidation
Typeltd
Incorporated1932-01-14
Jurisdictionengland-wales
Primary SIC2030 — SIC 2030
Registered office
Tenon House
Ferryboat Lane
Sunderland
SR5 3JN
Filing status
Accounts
Next due: 2005-12-28OVERDUE
Last made up to: 2004-02-29
Confirmation statement
Next due: 2016-11-07OVERDUE
Last: —
Officers (1 active · 8 resigned)
PORTER, Timothy John→
Activedirector · ~58y · appointed 1997-07-01
View their other companies + combined net worth →
PORTER, Emma Sarah Louise→
Resignedsecretary · appointed 2004-01-30 · resigned 2005-09-11
PORTER, Valerie→
Resignedsecretary · resigned 2004-04-20
ANDERSON, Frank→
Resigneddirector · ~97y · resigned 1997-03-05
ANDERSON, Martin Barras→
Resigneddirector · ~66y · resigned 2004-07-07
ANDERSON, Rachel Harrison→
Resigneddirector · ~95y · resigned 1992-06-30
MCSALLY, Ian→
Resigneddirector · ~57y · appointed 2004-05-20 · resigned 2005-09-11
PORTER, John Brian→
Resigneddirector · ~90y · resigned 2005-09-11
PORTER, Valerie→
Resigneddirector · ~85y · resigned 2005-09-11
Click a director name to see their full track record across all companies.
Mortgages & charges
12
Total charges
5
Outstanding
2
Active lenders
Status:Lender:12 of 12 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Debenture | 1 property | 05/09/2005 | 04/10/2005 | |
| outstanding | Technical & General Guarantee Company Technical & General Guarantee Company Limited | Charge over cash deposit | 1 property | 09/08/2005 | — | |
| outstanding | Bibby Financial Services Bibby Asset Finance Limited | All assets debenture | 1 property | 01/03/2004 | — | |
| outstanding | Bibby Financial Services Bibby Asset Finance Limited | All assets debenture | 1 property | 27/02/2004 | — | |
| outstanding | Bibby Financial Services Bibby Asset Finance Limited | Chattel mortgage | 1 property | 27/02/2004 | — | |
| outstanding | Bibby Financial Services Bibby Factors Northeast Limited | Debenture | 1 property | 04/02/2004 | — | |
| satisfied | Peter Golding and Colin Robson | Legal charge | 1 property | 15/09/2003 | 17/02/2004 | |
| satisfied | Midland Bank Midland Bank PLC | Debenture | 1 property | 11/12/1997 | 01/03/2004 | |
| satisfied | Griffin Factors Griffin Factors Limited | Floating charge | 1 property | 03/10/1994 | 06/03/2004 | |
| satisfied | Griffin Factors Griffin Factors Limited | Fixed equitable charge | 1 property | 03/10/1994 | 06/03/2004 | |
| satisfied | Midland Bank Midland Bank PLC | Charge | 1 property | 24/08/1990 | 01/03/2004 | |
| satisfied | Midland Bank Midland Bank LTD | Mortgage & charge. | 1 property | 07/10/1946 | 01/03/2004 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (102 total)
restoration-order-of-court
restoration · AC92
2018-10-31
gazette-dissolved-compulsory
gazette · GAZ2
2015-09-15
gazette-notice-compulsory
gazette · GAZ1
2015-06-02
dissolved-compulsory-strike-off-suspended
dissolution · DISS16(SOAS)
2014-07-22
gazette-notice-compulsary
gazette · GAZ1
2014-06-17
restoration-order-of-court
restoration · AC92
2013-09-09
gazette-dissolved-liquidation
gazette · GAZ2
2010-01-09
liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date
insolvency · 4.68
2009-10-09
liquidation-voluntary-creditors-return-of-final-meeting
insolvency · 4.72
2009-10-09
liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date
insolvency · 4.68
2009-05-16
liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date
insolvency · 4.68
2008-11-18
liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date
insolvency · 4.68
2008-05-29
liquidation-voluntary-statement-of-receipts-and-payments
insolvency · 4.68
2007-11-12
liquidation-in-administration-move-to-creditors-voluntary-liquidation
insolvency · 2.34B
2006-11-06
liquidation-in-administration-progress-report
insolvency · 2.24B
2006-11-06