01174045 LIMITED

🌳Matureactive
01174045 · ltd · incorporated 1974-06-14
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
47/100
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What this business does
Primary activity: SIC 2852
Sector: Manufacturing
Investor take
Pass (distressed without resilience)
Distressed admin-neglect survivor — structural issues outweigh the discount.

Opportunity 47/100 (watch), bankability 12/100. Strong seller-intent signal (78/100, director aged 78). 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 (70/100). Current lenders should be on immediate intervention.

🏦

Refinance opportunity

11 live charges · 7 lenders · oldest 42.5y

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 42.5 years old — likely at or near maturity.
  • · 7 lenders named — inter-creditor friction likely.
  • · Legal-friction score 75/100 (specialist).

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
11 charges (11/11 with lender, 11/11 with type)
90
Directors & officers
16 officers (2 active, 16 linked, 12 with DOB)
85
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
4 connected companies via shared directors
57
Filing history
110 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
47/100Watch
PassWatchWorth a lookStrongExceptional 

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

Business quality
25
Concerning — overdue filings or status flags present.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
15
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 (66 events)Click to expand
  1. 2013-08-21
    📄
    restoration-order-of-court
    restoration · AC92
  2. 2013-01-22
    📄
    gazette-dissolved-compulsary
    gazette · GAZ2
  3. 2012-10-09
    📄
    gazette-notice-compulsary
    gazette · GAZ1
  4. 2010-09-22
    📄
    restoration-order-of-court
    restoration · AC92
  5. 2009-09-15
    📄
    gazette-dissolved-compulsary
    gazette · GAZ2
  6. 2009-05-26
    📄
    gazette-notice-compulsary
    gazette · GAZ1
  7. 2003-04-11
    📄
    restoration-order-of-court
    restoration · AC92
  8. 2001-07-17
    📄
    gazette-dissolved-compulsary
    gazette · GAZ2
  9. 2001-03-27
    📄
    gazette-notice-compulsary
    gazette · GAZ1
  10. 2000-11-08
    ⚠️
    liquidation-receiver-abstract-of-receipts-and-payments
    insolvency · 3.6
  11. 2000-11-08
    ⚠️
    legacy
    insolvency · 405(2)
  12. 1999-12-08
    ⚠️
    legacy
    insolvency · 405(2)
  13. 1999-11-23
    ⚠️
    liquidation-receiver-abstract-of-receipts-and-payments
    insolvency · 3.6
  14. 1998-12-10
    ⚠️
    liquidation-receiver-abstract-of-receipts-and-payments
    insolvency · 3.6
  15. 1998-02-13
    📄
    miscellaneous
    miscellaneous · MISC
  16. 1998-02-13
    ⚠️
    liquidation-receiver-administrative-receivers-report
    insolvency · 3.10
  17. 1997-12-16
    📄
    legacy
    officers · 288b
  18. 1997-11-28
    BREBNER, John Hugh Cameron resigned
    secretary
  19. 1997-11-26
    ⚠️
    legacy
    insolvency · 405(1)
  20. 1997-11-24
    📍
    legacy
    address · 287
  21. 1997-03-25
    📄
    legacy
    officers · 288b
  22. 1997-03-18
    SMITH, Terence resigned
    director
  23. 1997-02-02
    📄
    accounts-with-accounts-type-full
    accounts · AA
  24. 1996-10-24
    📄
    legacy
    annual-return · 363s
  25. 1996-08-12
    📄
    legacy
    officers · 288
  26. 1996-07-05
    WILBRAHAM, Philip Neville resigned
    director
  27. 1996-03-13
    📄
    legacy
    annual-return · 363s
  28. 1996-03-13
    📄
    legacy
    officers · 288
  29. 1995-12-04
    MACARTNEY, Melvyn John appointed
    director
  30. 1995-12-04
    SMITH, Terence appointed
    director
  31. 1995-10-04
    CORR, James Joseph resigned
    director
  32. 1995-07-19
    BALCAM, Robert Edward Schofield resigned
    secretary
  33. 1995-07-19
    BALCAM, Robert Edward Schofield resigned
    director
  34. 1995-07-19
    DITCHFIELD, Ian resigned
    director
  35. 1995-07-19
    SLAWSON, Andrew Paul resigned
    director
  36. 1995-06-23
    BREBNER, John Hugh Cameron appointed
    secretary
  37. 1995-01-12
    🔓
    Charge satisfied #8
  38. 1995-01-12
    🔓
    Charge satisfied #7
  39. 1995-01-12
    🔓
    Charge satisfied #6
  40. 1995-01-12
    🔓
    Charge satisfied #5
  41. 1994-11-18
    🔒
    Charge registered #11
    Lender: Midland Bank PLC
  42. 1994-11-18
    🔒
    Charge registered #10
    Lender: Midland Bank PLC
  43. 1994-10-13
    FREARSON, Richard resigned
    director
  44. 1994-04-06
    SLAWSON, Andrew Paul appointed
    director
  45. 1994-01-28
    🔓
    Charge satisfied #4
  46. 1994-01-28
    🔓
    Charge satisfied #1
  47. 1994-01-18
    PEACOCK, John resigned
    director
  48. 1993-12-22
    🔓
    Charge satisfied #3
  49. 1993-12-13
    BALCAM, Robert Edward Schofield appointed
    secretary
  50. 1993-12-13
    CORR, James Joseph resigned
    secretary
Showing most recent 50 of 66 events

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 30 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 78 — succession pressure is live.

Succession & seller-readiness

91/100
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 78 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 30 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 52 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

3 high · 2 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: 2003-01-31

Confirmation statement overdue
high

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

Evidence: Next due: 2016-10-26

7 insolvency-related filings on record
high

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

Evidence: 2000-11-08: liquidation-receiver-abstract-of-receipts-and-payments; 2000-11-08: legacy

Has insolvency history
medium

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

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.

🔒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
Incorporated1974-06-14
Jurisdictionengland-wales
Primary SIC2852 — SIC 2852

Registered office

C/O Grant Thornton
St Johns Centre
110 Albion Street
Leeds West Yorkshire
LS2 8LA

Filing status

Accounts
Next due: 2003-01-31OVERDUE
Last made up to:
Confirmation statement
Next due: 2016-10-26OVERDUE
Last:

Officers (2 active · 14 resigned)

BILLINGTON, David John
director · ~78y
View their other companies + combined net worth →
Active
MACARTNEY, Melvyn John
director · ~78y · appointed 1995-12-04
View their other companies + combined net worth →
Active
BALCAM, Robert Edward Schofield
secretary · appointed 1993-12-13 · resigned 1995-07-19
Resigned
BREBNER, John Hugh Cameron
secretary · appointed 1995-06-23 · resigned 1997-11-28
Resigned
CORR, James Joseph
secretary · appointed 1993-01-22 · resigned 1993-12-13
Resigned
HEROD, Brian
secretary · resigned 1993-01-22
Resigned
BALCAM, Robert Edward Schofield
director · ~74y · appointed 1993-12-13 · resigned 1995-07-19
Resigned
BRAMHILL, Brian
director · ~86y · resigned 1993-03-17
Resigned
CORR, James Joseph
director · ~73y · resigned 1995-10-04
Resigned
DITCHFIELD, Ian
director · ~74y · resigned 1995-07-19
Resigned
FREARSON, Richard
director · ~74y · resigned 1994-10-13
Resigned
PEACOCK, John
director · ~84y · resigned 1994-01-18
Resigned
POWNER, John Henry
director · ~89y · resigned 1993-06-16
Resigned
SLAWSON, Andrew Paul
director · ~68y · appointed 1994-04-06 · resigned 1995-07-19
Resigned
SMITH, Terence
director · ~77y · appointed 1995-12-04 · resigned 1997-03-18
Resigned
WILBRAHAM, Philip Neville
director · ~68y · resigned 1996-07-05
Resigned

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

Mortgages & charges

11
Total charges
3
Outstanding
2
Active lenders
Status:Lender:11 of 11 shown
TypeProperties
outstanding
Midland Bank
Midland Bank PLC
Legal charge1 property18/11/1994
outstanding
Midland Bank
Midland Bank PLC
Composite guarantee and debenture1 property18/11/1994
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Assignment1 property01/11/199312/01/1995
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Debenture1 property01/11/199312/01/1995
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Legal charge2 properties01/11/199312/01/1995
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Legal charge1 property01/11/199312/01/1995
satisfied
Henry Ansbacher & Co.
Henry Ansbacher & Co. Limited
Debenture1 property28/06/199110/12/1993
satisfied
Allied Irish Banks
Allied Irish Banks PLC
Charge over deposit1 property28/11/199028/01/1994
satisfied
Allied Irish Banks .
Allied Irish Banks PLC.
Mortgage debenture2 properties23/05/198822/12/1993
outstanding
National Westminster Bank
National Westminster Bank PLC
Legal mortgage2 properties30/11/1983
satisfied
Manufacturers Hanoven Industrial Finance
Manufacturers Hanoven Industrial Finance Limited
Assignment1 property31/10/198328/01/1994
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (110 total)

restoration-order-of-court
restoration · AC92
2013-08-21
gazette-dissolved-compulsary
gazette · GAZ2
2013-01-22
gazette-notice-compulsary
gazette · GAZ1
2012-10-09
restoration-order-of-court
restoration · AC92
2010-09-22
gazette-dissolved-compulsary
gazette · GAZ2
2009-09-15
gazette-notice-compulsary
gazette · GAZ1
2009-05-26
restoration-order-of-court
restoration · AC92
2003-04-11
gazette-dissolved-compulsary
gazette · GAZ2
2001-07-17
gazette-notice-compulsary
gazette · GAZ1
2001-03-27
liquidation-receiver-abstract-of-receipts-and-payments
insolvency · 3.6
2000-11-08
legacy
insolvency · 405(2)
2000-11-08
legacy
insolvency · 405(2)
1999-12-08
liquidation-receiver-abstract-of-receipts-and-payments
insolvency · 3.6
1999-11-23
liquidation-receiver-abstract-of-receipts-and-payments
insolvency · 3.6
1998-12-10
miscellaneous
miscellaneous · MISC
1998-02-13