00968401 LIMITED

🌳Matureactive
00968401 · ltd · incorporated 1969-12-16
Investment thesis
Looks cheap but ownership + security both unclear — probable value trap.
Why interesting: Headline metrics may be attractive.
Why risky: No PSC visibility combined with multiple live charges; transacting likely slow and expensive.
🔒Estimated value
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Turnover
not disclosed
Net worth
book net assets
Opportunity
46/100
Watch
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What this business does
Primary activity: SIC 4525
Sector: Wholesale & retail
ALSO REGISTERED FOR
  • 4544SIC 4544
  • 7470SIC 7470
Investor take
Pass (distressed without resilience)
Distressed admin-neglect survivor — structural issues outweigh the discount.

Opportunity 46/100 (watch), bankability 2/100. 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 (80/100). Current lenders should be on immediate intervention.

🏦

Refinance opportunity

5 live charges · 4 lenders · oldest 49.7y

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

Data confidence

Overall: low (49/100)

Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.

Company profile
address, 3 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
11 officers (4 active, 11 linked, 8 with DOB)
85
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
4 connected companies via shared directors
57
Filing history
92 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
46/100Watch
PassWatchWorth a lookStrongExceptional 

Not actionable now, but monitor — distressed, succession, or structural changes could flip this into a real opportunity.

Business quality
15
Concerning — overdue filings or status flags present.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
20
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 (47 events)Click to expand
  1. 2018-04-12
    📄
    restoration-order-of-court
    restoration · AC92
  2. 2018-04-12
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  3. 2016-11-01
    📄
    gazette-dissolved-compulsory
    gazette · GAZ2
  4. 2016-11-01
    🏁
    Company dissolved
  5. 2016-04-07
    📄
    dissolved-compulsory-strike-off-suspended
    dissolution · DISS16(SOAS)
  6. 2014-11-12
    📄
    dissolved-compulsory-strike-off-suspended
    dissolution · DISS16(SOAS)
  7. 2014-07-29
    📄
    gazette-notice-voluntary
    gazette · GAZ1(A)
  8. 2014-01-08
    📄
    dissolved-compulsory-strike-off-suspended
    dissolution · DISS16(SOAS)
  9. 2013-11-12
    📄
    gazette-notice-compulsary
    gazette · GAZ1
  10. 2012-11-20
    📄
    dissolved-compulsory-strike-off-suspended
    dissolution · DISS16(SOAS)
  11. 2012-10-16
    📄
    gazette-notice-compulsary
    gazette · GAZ1
  12. 2012-01-13
    📄
    restoration-order-of-court
    restoration · AC92
  13. 2010-03-23
    📄
    gazette-dissolved-compulsary
    gazette · GAZ2
  14. 2009-12-08
    📄
    gazette-notice-compulsary
    gazette · GAZ1
  15. 2009-04-10
    📄
    dissolved-compulsory-strike-off-suspended
    dissolution · DISS16(SOAS)
  16. 2009-04-07
    📄
    gazette-notice-compulsary
    gazette · GAZ1
  17. 2008-03-29
    ⚠️
    liquidation-administration-administrators-abstracts-of-receipts-and-payments-with-brought-down-date
    insolvency · 2.15
  18. 2008-03-29
    ⚠️
    liquidation-administration-discharge-of-administration-order
    insolvency · 2.19
  19. 2007-12-17
    ⚠️
    liquidation-administration-administrators-abstracts-of-receipts-and-payments
    insolvency · 2.15
  20. 2007-08-22
    📍
    legacy
    address · 287
  21. 2007-06-02
    ⚠️
    liquidation-administration-administrators-abstracts-of-receipts-and-payments
    insolvency · 2.15
  22. 2006-12-13
    ⚠️
    liquidation-administration-administrators-abstracts-of-receipts-and-payments
    insolvency · 2.15
  23. 2006-06-06
    ⚠️
    liquidation-administration-administrators-abstracts-of-receipts-and-payments
    insolvency · 2.15
  24. 2005-12-20
    ⚠️
    liquidation-administration-administrators-abstracts-of-receipts-and-payments
    insolvency · 2.15
  25. 2005-06-16
    ⚠️
    liquidation-administration-administrators-abstracts-of-receipts-and-payments
    insolvency · 2.15
  26. 2004-12-20
    ⚠️
    liquidation-administration-administrators-abstracts-of-receipts-and-payments
    insolvency · 2.15
  27. 2003-04-17
    🔒
    Charge registered #5
    Lender: Lloyds Tsb Bank PLC
  28. 2001-03-16
    HOLLINGSHEAD, Stephan resigned
    director
  29. 2000-08-09
    MIDDLETON, Frank Harvey appointed
    director
  30. 2000-04-20
    BEESE, Michael I'Anson appointed
    secretary
  31. 2000-04-20
    BEESE, Mavis resigned
    secretary
  32. 2000-03-17
    HOLLINGSHEAD, Stephan appointed
    director
  33. 1999-06-08
    BEESE, Mavis appointed
    secretary
  34. 1999-06-08
    WHITAKER, Kenneth resigned
    secretary
  35. 1999-06-08
    WHITAKER, Kenneth resigned
    director
  36. 1998-10-01
    BEESE, Mavis resigned
    director
  37. 1998-08-28
    LEVICK, Julian Charles resigned
    director
  38. 1998-01-16
    HUNTER, Geoffrey Guy resigned
    director
  39. 1997-11-01
    BEESE, Michael I'Anson appointed
    director
  40. 1992-07-01
    HUNTER, Geoffrey Guy appointed
    director
  41. 1992-07-01
    WHITAKER, Kenneth appointed
    director
  42. 1992-04-01
    🔒
    Charge registered #4
    Lender: Colin Beese
  43. 1991-06-01
    WHITAKER, Kenneth appointed
    secretary
  44. 1983-06-17
    🔒
    Charge registered #3
    Lender: Lloyds Bank PLC
  45. 1981-11-18
    🔒
    Charge registered #2
    Lender: G. B. Gile
  46. 1976-08-09
    🔒
    Charge registered #1
    Lender: Lloyds Bank PLC
  47. 1969-12-16
    🏢
    Company incorporated
    As 00968401 LIMITED

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
  • +Long-tenure founder: Senior director has been in place 28 years — deep operational knowledge concentrated in one person.
  • +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

85/100
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 98 years old. Natural succession window is now.
  • primary20+ year tenure: Director in role 28 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 56 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

3 high · 1 med · 1 low
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: 2003-10-31

Confirmation statement overdue
high

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

Evidence: Next due: 2017-05-03

9 insolvency-related filings on record
high

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

Evidence: 2008-03-29: liquidation-administration-administrators-abstracts-of-receipts-and-payments-with-brought-down-date; 2008-03-29: liquidation-administration-discharge-of-administration-order

Has insolvency history
medium

Companies House flags prior insolvency events. Review the insolvency filings for context.

5 live charges
low

Heavily 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.

See pricing →

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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

Statusactive
Typeltd
Incorporated1969-12-16
Jurisdictionengland-wales
Primary SIC4525 — SIC 4525

Registered office

C/O Ernst & Young Llp
1 Bridgewater Place
Water Lane
Leeds
LS11 5QR

Filing status

Accounts
Next due: 2003-10-31OVERDUE
Last made up to:
Confirmation statement
Next due: 2017-05-03OVERDUE
Last:

Officers (4 active · 7 resigned)

BEESE, Michael I'Anson
secretary · appointed 2000-04-20
View their other companies + combined net worth →
Active
BEESE, Colin
director · ~98y
View their other companies + combined net worth →
Active
BEESE, Michael I'Anson
director · ~58y · appointed 1997-11-01
View their other companies + combined net worth →
Active
MIDDLETON, Frank Harvey
director · ~83y · appointed 2000-08-09
View their other companies + combined net worth →
Active
BEESE, Mavis
secretary · appointed 1999-06-08 · resigned 2000-04-20
Resigned
WHITAKER, Kenneth
secretary · appointed 1991-06-01 · resigned 1999-06-08
Resigned
BEESE, Mavis
director · ~87y · resigned 1998-10-01
Resigned
HOLLINGSHEAD, Stephan
director · ~65y · appointed 2000-03-17 · resigned 2001-03-16
Resigned
HUNTER, Geoffrey Guy
director · ~68y · appointed 1992-07-01 · resigned 1998-01-16
Resigned
LEVICK, Julian Charles
director · ~85y · resigned 1998-08-28
Resigned
WHITAKER, Kenneth
director · ~83y · appointed 1992-07-01 · resigned 1999-06-08
Resigned

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

Mortgages & charges

5
Total charges
5
Outstanding
3
Active lenders
Status:Lender:5 of 5 shown
TypeProperties
outstanding
Lloyds Banking Group
Lloyds Tsb Bank PLC
Mortgage of chattels1 property17/04/2003
outstanding
Colin Beese
Debenture1 property01/04/1992
outstanding
Lloyds Banking Group
Lloyds Bank PLC
Debenture1 property17/06/1983
outstanding
G. B. Gile
Debenture1 property18/11/1981
outstanding
Lloyds Banking Group
Lloyds Bank PLC
Debenture1 property09/08/1976
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (92 total)

restoration-order-of-court
restoration · AC92
2018-04-12
certificate-change-of-name-company
change-of-name · CERTNM
2018-04-12
gazette-dissolved-compulsory
gazette · GAZ2
2016-11-01
dissolved-compulsory-strike-off-suspended
dissolution · DISS16(SOAS)
2016-04-07
dissolved-compulsory-strike-off-suspended
dissolution · DISS16(SOAS)
2014-11-12
gazette-notice-voluntary
gazette · GAZ1(A)
2014-07-29
dissolved-compulsory-strike-off-suspended
dissolution · DISS16(SOAS)
2014-01-08
gazette-notice-compulsary
gazette · GAZ1
2013-11-12
dissolved-compulsory-strike-off-suspended
dissolution · DISS16(SOAS)
2012-11-20
gazette-notice-compulsary
gazette · GAZ1
2012-10-16
restoration-order-of-court
restoration · AC92
2012-01-13
gazette-dissolved-compulsary
gazette · GAZ2
2010-03-23
gazette-notice-compulsary
gazette · GAZ1
2009-12-08
dissolved-compulsory-strike-off-suspended
dissolution · DISS16(SOAS)
2009-04-10
gazette-notice-compulsary
gazette · GAZ1
2009-04-07