LYE SPENCER STEEL SERVICES LIMITED

⚰️Wound downdissolved
00734351 · ltd · incorporated 1962-09-04
Investment thesis
Company dissolved — 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
63/100
Worth a look
🔔
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What this business does
Primary activity: SIC 3110
Sector: Manufacturing
Investor take
Pass (distressed without resilience)
Distressed unclear — structural issues outweigh the discount.

Opportunity 63/100 (worth a look), bankability 70/100. Strong seller-intent signal (78/100, director aged 87). Share purchase looks the cleaner deal structure. 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: share sale to pe / searcher (65/100).

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
Confirmed no charges registered
85
Directors & officers
6 officers (3 active, 6 linked, 4 with DOB)
83
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
10 connected companies via shared directors
75
Filing history
5 filings
60
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
63/100Worth a look
PassWatchWorth a lookStrongExceptional 

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality
30
Concerning — overdue filings or status flags present.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
90
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 (13 events)Click to expand
  1. 2021-07-06
    📄
    gazette-dissolved-compulsory
    gazette · GAZ2
  2. 2021-07-06
    🏁
    Company dissolved
  3. 2021-04-20
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  4. 2019-03-15
    📄
    restoration-order-of-court
    restoration · AC92
  5. 1995-03-14
    SCANDRETT, Allison Leigh appointed
    secretary
  6. 1995-03-14
    LEANING, Keith resigned
    secretary
  7. 1995-02-20
    BRIGHT, Derek Norman appointed
    director
  8. 1995-02-20
    CAIN, William John appointed
    director
  9. 1995-02-20
    DUFFELL, Geoffrey Douglas resigned
    director
  10. 1995-02-20
    LEANING, Keith resigned
    director
  11. 1987-01-01
    📄
    selection-of-documents-registered-before-January-1987
    historical · PRE87
  12. 1962-09-04
    🏢
    Company incorporated
    As LYE SPENCER STEEL SERVICES LIMITED
  13. 1962-09-04
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

83/100
Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Long-tenure founder: Senior director has been in place 31 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 87 — succession pressure is live.

Succession & seller-readiness

96/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 87 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 31 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 64 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 ·
Company dissolved
high

Company has been dissolved — it no longer legally exists. Any diligence here is historical only.

Evidence: Dissolved on 2021-07-06

🔒Co-director network graph

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
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8 specific questions generated from this company's actual signals — liquidity, leverage, director age, charge count, red flags, age-of-company.

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Company details

Statusdissolved
Typeltd
Incorporated1962-09-04
Jurisdictionengland-wales
Primary SIC3110 — SIC 3110

Registered office

9 Albert Embankment
London
SE1 7SN

Filing status

Accounts
Next due:
Last made up to: 1995-04-01
Confirmation statement
Next due:
Last:

Officers (0 active · 3 resigned)

SCANDRETT, Allison Leigh
secretary · appointed 1995-03-14
View their other companies + combined net worth →
Active
BRIGHT, Derek Norman
director · ~87y · appointed 1995-02-20
View their other companies + combined net worth →
Active
CAIN, William John
director · ~87y · appointed 1995-02-20
View their other companies + combined net worth →
Active
LEANING, Keith
secretary · resigned 1995-03-14
Resigned
DUFFELL, Geoffrey Douglas
director · ~83y · resigned 1995-02-20
Resigned
LEANING, Keith
director · ~84y · resigned 1995-02-20
Resigned

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

Recent filings (5 total)

gazette-dissolved-compulsory
gazette · GAZ2
2021-07-06
gazette-notice-compulsory
gazette · GAZ1
2021-04-20
restoration-order-of-court
restoration · AC92
2019-03-15
selection-of-documents-registered-before-January-1987
historical · PRE87
1987-01-01
incorporation-company
incorporation · NEWINC
1962-09-04