LAC TRANSITION LIMITED
Opportunity 62/100 (worth a look), bankability 30/100. Strong seller-intent signal (78/100, director aged 102). 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: share sale to pe / searcher (30/100). Current lenders should be on monthly review.
Data confidence
Overall: low (47/100)Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.
Mixed signal. Worth opening the full target workup before deciding to pursue.
Recent activity
Corporate timeline (24 events)Click to expand
- 2016-11-15📄restoration-order-of-courtrestoration · AC92
- 2001-08-03➖LEWIS, Raymond David resigneddirector
- 2001-08-02➕GOODMAN, Charles appointeddirector
- 1999-04-16➖EHLERS, Jeffrey Hale resigneddirector
- 1998-05-08➖REID, Alan John resignedsecretary
- 1998-05-08➖REID, Alan John resigneddirector
- 1998-05-07➕PRENTICE, Hamish Murray appointedsecretary
- 1998-05-07➕PRENTICE, Hamish Murray appointeddirector
- 1997-10-28➕LEWIS, Raymond David appointeddirector
- 1997-10-28➖POTTS, Stephen Reginald resigneddirector
- 1997-08-04➖PRENTICE, Hamish Murray resigneddirector
- 1997-07-31➖PRENTICE, Hamish Murray resignedsecretary
- 1997-07-31➕REID, Alan John appointedsecretary
- 1997-07-31➕REID, Alan John appointeddirector
- 1997-04-22➕EHLERS, Jeffrey Hale appointeddirector
- 1995-04-27➖MCLAUGHLIN, Daniel Nelson resigneddirector
- 1994-07-15➕POTTS, Stephen Reginald appointeddirector
- 1993-08-04➖DAN, George Stephen resigneddirector
- 1993-08-04➕MCLAUGHLIN, Daniel Nelson appointeddirector
- 1987-01-01📄selection-of-documents-registered-before-January-1987historical · PRE87
- 1986-02-05📄miscellaneousmiscellaneous · MISC
- 1977-05-30📄miscellaneousmiscellaneous · MISC
- 1966-03-28🏢Company incorporatedAs LAC TRANSITION LIMITED
- 1966-03-28📄incorporation-companyincorporation · NEWINC
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 28 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 102 — 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 102 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 28 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 60 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
1 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: 2003-10-31
Companies House flags prior insolvency events. Review the insolvency filings for context.
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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.
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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.
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Filing status
Officers (3 active · 9 resigned)
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