00678361 LIMITED

⚰️Wound downliquidation
00678361 · ltd · incorporated 1960-12-20
Investment thesis
Company liquidation — not a live target.
Why interesting: Historical record only; useful for precedent research.
Why risky: Not transactable.
🔒Estimated value
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Turnover
not disclosed
Net worth
book net assets
Opportunity
35/100
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What this business does
Primary activity: SIC 4525
Sector: Wholesale & retail
Investor take
Pass (distressed without resilience)
Distressed low-transparency controlled group — structural issues outweigh the discount.

Opportunity 35/100 (watch), bankability 12/100. 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: 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

5 live charges · 3 lenders · oldest 55.2y

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 55.2 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Legal-friction score 55/100 (high).

Data confidence

Overall: low (47/100)

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
5 charges (5/5 with lender, 5/5 with type)
90
Directors & officers
5 officers (4 active, 5 linked, 4 with DOB)
86
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
Network not yet resolved
30
Filing history
72 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
35/100Watch
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
75
Strong succession / seller-readiness signals.
Risk profile
5
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 (35 events)Click to expand
  1. 2017-09-11
    📄
    restoration-order-of-court
    restoration · AC92
  2. 2012-10-30
    📄
    gazette-dissolved-compulsary
    gazette · GAZ2
  3. 2012-10-30
    🏁
    Company dissolved
  4. 2012-07-17
    📄
    gazette-notice-compulsary
    gazette · GAZ1
  5. 2011-10-19
    📄
    restoration-order-of-court
    restoration · AC92
  6. 2009-01-27
    📄
    gazette-dissolved-compulsary
    gazette · GAZ2
  7. 2008-10-14
    📄
    gazette-notice-compulsary
    gazette · GAZ1
  8. 2007-11-21
    📄
    court-order
    miscellaneous · OC-DV
  9. 2003-09-09
    ⚠️
    legacy
    insolvency · LIQ
  10. 2003-06-09
    ⚠️
    liquidation-voluntary-statement-of-receipts-and-payments
    insolvency · 4.68
  11. 2003-06-09
    ⚠️
    liquidation-voluntary-creditors-return-of-final-meeting
    insolvency · 4.72
  12. 2003-03-04
    ⚠️
    liquidation-voluntary-statement-of-receipts-and-payments
    insolvency · 4.68
  13. 2002-09-10
    ⚠️
    liquidation-voluntary-statement-of-receipts-and-payments
    insolvency · 4.68
  14. 2002-03-11
    ⚠️
    liquidation-voluntary-statement-of-receipts-and-payments
    insolvency · 4.68
  15. 2001-09-10
    ⚠️
    liquidation-voluntary-statement-of-receipts-and-payments
    insolvency · 4.68
  16. 2001-03-08
    ⚠️
    liquidation-voluntary-statement-of-receipts-and-payments
    insolvency · 4.68
  17. 2000-09-12
    ⚠️
    liquidation-voluntary-statement-of-receipts-and-payments
    insolvency · 4.68
  18. 2000-03-17
    ⚠️
    liquidation-voluntary-statement-of-receipts-and-payments
    insolvency · 4.68
  19. 1999-03-19
    ⚠️
    liquidation-voluntary-appointment-of-liquidator
    insolvency · 600
  20. 1999-03-19
    📄
    resolution
    resolution · RESOLUTIONS
  21. 1999-03-19
    ⚠️
    liquidation-voluntary-statement-of-affairs
    insolvency · 4.20
  22. 1999-03-16
    📍
    legacy
    address · 287
  23. 1999-02-03
    📄
    legacy
    officers · 288b
  24. 1999-01-15
    CORBET, John Stirling resigned
    director
  25. 1999-01-11
    📄
    legacy
    annual-return · 363s
  26. 1998-11-25
    📄
    legacy
    mortgage · 395
  27. 1998-11-12
    🔒
    Charge registered #5
    Lender: Clydesdale Bank Public Limited Company
  28. 1998-10-31
    📄
    accounts-with-accounts-type-full
    accounts · AA
  29. 1997-11-21
    🔒
    Charge registered #4
    Lender: Clydesdale Bank Public Limited Company
  30. 1994-03-02
    🔓
    Charge satisfied #2
  31. 1993-01-20
    🔓
    Charge satisfied #1
  32. 1992-10-14
    🔒
    Charge registered #3
    Lender: Clydesdale Bank Public Limited Company
  33. 1974-01-11
    🔒
    Charge registered #2
    Lender: Clydesdale Bank Limited
  34. 1971-02-08
    🔒
    Charge registered #1
    Lender: Lloyds Bank PLC
  35. 1960-12-20
    🏢
    Company incorporated
    As 00678361 LIMITED

Owner dependency

73/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Founder age: Director aged approximately 98 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

70/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 98 years old. Natural succession window is now.
  • secondaryStable-but-static management: Company is 65 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

4 high · 1 med ·
Accounts overdue
high

Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.

Evidence: Next due: 2002-10-31

Confirmation statement overdue
high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2017-01-14

Company in liquidation
high

Company is actively being wound up. Not a going concern.

12 insolvency-related filings on record
high

Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.

Evidence: 2003-09-09: legacy; 2003-06-09: liquidation-voluntary-statement-of-receipts-and-payments

Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

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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 →
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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.

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Company details

Statusliquidation
Typeltd
Incorporated1960-12-20
Jurisdictionengland-wales
Primary SIC4525 — SIC 4525

Registered office

Barringtons
570-572 Etruria Road
Newcastle
Staffordshire
ST5 0SU

Filing status

Accounts
Next due: 2002-10-31OVERDUE
Last made up to:
Confirmation statement
Next due: 2017-01-14OVERDUE
Last:

Officers (4 active · 1 resigned)

CORBET, Graeme Stirling
secretary
View their other companies + combined net worth →
Active
ARMITAGE, Robert Chalmers
director · ~98y
View their other companies + combined net worth →
Active
CORBET, Alan John
director · ~62y
View their other companies + combined net worth →
Active
CORBET, Graeme Stirling
director · ~61y
View their other companies + combined net worth →
Active
CORBET, John Stirling
director · ~90y · resigned 1999-01-15
Resigned

Click a director name to see their full track record across all companies.

Mortgages & charges

5
Total charges
3
Outstanding
1
Active lenders
Status:Lender:5 of 5 shown
TypeProperties
outstanding
Virgin Money
Clydesdale Bank Public Limited Company
Chattel mortgage1 property12/11/1998
outstanding
Virgin Money
Clydesdale Bank Public Limited Company
Legal charge1 property21/11/1997
outstanding
Virgin Money
Clydesdale Bank Public Limited Company
Debenture1 property14/10/1992
satisfied
Virgin Money
Clydesdale Bank Limited
Floating charge1 property11/01/197402/03/1994
satisfied
Lloyds Banking Group
Lloyds Bank PLC
Legal mortgage1 property08/02/197120/01/1993
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (72 total)

restoration-order-of-court
restoration · AC92
2017-09-11
gazette-dissolved-compulsary
gazette · GAZ2
2012-10-30
gazette-notice-compulsary
gazette · GAZ1
2012-07-17
restoration-order-of-court
restoration · AC92
2011-10-19
gazette-dissolved-compulsary
gazette · GAZ2
2009-01-27
gazette-notice-compulsary
gazette · GAZ1
2008-10-14
court-order
miscellaneous · OC-DV
2007-11-21
legacy
insolvency · LIQ
2003-09-09
liquidation-voluntary-statement-of-receipts-and-payments
insolvency · 4.68
2003-06-09
liquidation-voluntary-creditors-return-of-final-meeting
insolvency · 4.72
2003-06-09
liquidation-voluntary-statement-of-receipts-and-payments
insolvency · 4.68
2003-03-04
liquidation-voluntary-statement-of-receipts-and-payments
insolvency · 4.68
2002-09-10
liquidation-voluntary-statement-of-receipts-and-payments
insolvency · 4.68
2002-03-11
liquidation-voluntary-statement-of-receipts-and-payments
insolvency · 4.68
2001-09-10
liquidation-voluntary-statement-of-receipts-and-payments
insolvency · 4.68
2001-03-08