BORE STEEL LIMITED
- · Oldest live charge 38.6y old — refinance window within 12 months
Opportunity 48/100 (watch), bankability 60/100. 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: Resolve: Company dissolved. Company has been dissolved — it no longer legally exists. Any diligence here is historical only. Most likely exit: strategic trade sale (45/100). Current lenders should be on monthly review.
Refinance opportunity
1 live charge · oldest 38.6y
Refinance viable after a tidy-up — address the highlighted items first.
- · Oldest live charge is 38.6 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Legal-friction score 35/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (59/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Not actionable now, but monitor — distressed, succession, or structural changes could flip this into a real opportunity.
Recent activity
Corporate timeline (41 events)Click to expand
- 2021-09-04⚠️gazette-dissolved-liquidationgazette · GAZ2
- 2021-09-04🏁Company dissolved
- 2021-08-12📄termination-director-company-with-name-termination-dateofficers · TM01
- 2021-07-31➖GIDWANI, Sharone Vanessa resigneddirector
- 2021-06-04⚠️liquidation-voluntary-members-return-of-final-meetinginsolvency · LIQ13
- 2021-04-14📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2021-04-13📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC05
- 2021-04-13📄change-corporate-director-company-with-change-dateofficers · CH02
- 2021-01-08⚠️liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-dateinsolvency · LIQ03
- 2019-10-11⚠️liquidation-voluntary-declaration-of-solvencyinsolvency · LIQ01
- 2019-10-08⚠️liquidation-voluntary-appointment-of-liquidatorinsolvency · 600
- 2019-10-08📄resolutionresolution · RESOLUTIONS
- 2019-01-04📄accounts-with-accounts-type-fullaccounts · AA
- 2018-03-22📄legacycapital · SH20
- 2018-03-22📄capital-statement-capital-company-with-date-currency-figurecapital · SH19
- 2018-03-22⚠️legacyinsolvency · CAP-SS
- 2018-03-22📄resolutionresolution · RESOLUTIONS
- 2017-11-02📄accounts-with-accounts-type-dormantaccounts · AA
- 2016-11-04📄accounts-with-accounts-type-dormantaccounts · AA
- 2015-09-17📄accounts-with-accounts-type-dormantaccounts · AA
- 2015-08-12📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2014-10-08➖ROBINSON, Theresa Valerie resignedsecretary
- 2014-10-08📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2014-08-28📄accounts-with-accounts-type-dormantaccounts · AA
- 2012-12-01➕GIDWANI, Sharone Vanessa appointeddirector
- 2012-12-01➖SCANDRETT, Allison Leigh resigneddirector
- 2009-02-11➕ROBINSON, Theresa Valerie appointedsecretary
- 2009-02-11➖SCANDRETT, Allison Leigh resignedsecretary
- 2009-02-11➕SCANDRETT, Allison Leigh appointeddirector
- 1999-02-01➕BRITISH STEEL DIRECTORS (NOMINEES) LIMITED appointedcorporate-director
- 1999-02-01➖BRIGHT, Derek Norman resigneddirector
- 1999-02-01➖CAIN, William John resigneddirector
- 1996-08-10🔓Charge satisfied #1
- 1995-03-14➖CLIFFORD, John David resignedsecretary
- 1995-03-14➕SCANDRETT, Allison Leigh appointedsecretary
- 1995-02-20➕BRIGHT, Derek Norman appointeddirector
- 1995-02-20➕CAIN, William John appointeddirector
- 1995-02-20➖DODD, Harry James William resigneddirector
- 1995-02-20➖DUFFELL, Geoffrey Douglas resigneddirector
- 1987-10-01🔒Charge registered #1Lender: First National Bank of Boston
- 1941-11-10🏢Company incorporatedAs BORE STEEL LIMITED
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Sole director: Only one active director — all governance concentrated on one person.
- +Founder name in company name: Company name contains director surname "LIMITED" — strong identity link between founder and business.
- +Long-tenure founder: Senior director has been in place 27 years — deep operational knowledge concentrated in one person.
Succession & seller-readiness
Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- primary20+ year tenure: Director in role 27 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 84 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 ·Company has been dissolved — it no longer legally exists. Any diligence here is historical only.
Evidence: Dissolved on 2021-09-04
Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2021-09-04: gazette-dissolved-liquidation; 2021-06-04: liquidation-voluntary-members-return-of-final-meeting
Group structure
Bore Samson Group Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Bore Samson Group Limited Corporate entity | 75–100% | — | 75-100% shares | 06/04/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
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10 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 · 9 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | First National Bank of Boston | Debenture | 1 property | 01/10/1987 | 10/08/1996 |