01299124 LIMITED
Opportunity 42/100 (watch), bankability 27/100. 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 (45/100). Current lenders should be on monthly review.
Refinance opportunity
9 live charges · 7 lenders · oldest 45.6y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 45.6 years old — likely at or near maturity.
- · 7 lenders named — inter-creditor friction likely.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (59/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Not actionable now, but monitor — distressed, succession, or structural changes could flip this into a real opportunity.
Recent activity
Corporate timeline (49 events)Click to expand
- 2025-01-13📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-01-10➖WILLIS, Mark Simon resigneddirector
- 2024-08-09📄restoration-order-of-courtrestoration · AC92
- 2024-08-09✏️certificate-change-of-name-companychange-of-name · CERTNM
- 2021-03-30📄gazette-dissolved-voluntarygazette · GAZ2(A)
- 2021-02-23📄legacycapital · SH20
- 2021-02-23📄capital-statement-capital-company-with-date-currency-figurecapital · SH19
- 2021-02-23⚠️legacyinsolvency · CAP-SS
- 2021-02-08📄resolutionresolution · RESOLUTIONS
- 2021-01-12📄gazette-notice-voluntarygazette · GAZ1(A)
- 2021-01-08📄accounts-with-accounts-type-dormantaccounts · AA
- 2020-12-31📄dissolution-application-strike-off-companydissolution · DS01
- 2020-12-10📄legacycapital · SH20
- 2020-12-10⚠️legacyinsolvency · CAP-SS
- 2019-10-10📄accounts-with-accounts-type-dormantaccounts · AA
- 2019-07-02📄termination-director-company-with-name-termination-dateofficers · TM01
- 2019-06-30➖HERBERT, Mark Philip resigneddirector
- 2019-04-15📄appoint-person-director-company-with-name-dateofficers · AP01
- 2019-04-08➕WILLIS, Mark Simon appointeddirector
- 2019-04-03📄appoint-person-director-company-with-name-dateofficers · AP01
- 2019-04-03📄termination-director-company-with-name-termination-dateofficers · TM01
- 2019-04-03📄termination-director-company-with-name-termination-dateofficers · TM01
- 2019-04-01➕HERBERT, Mark Philip appointeddirector
- 2019-03-31➖FINN, Trevor Garry resigneddirector
- 2019-03-31➖HOLDEN, Timothy Paul resigneddirector
- 2018-09-18📄accounts-with-accounts-type-dormantaccounts · AA
- 2017-09-28📄accounts-with-accounts-type-dormantaccounts · AA
- 2017-01-01➕MALONEY, Richard James appointedsecretary
- 2017-01-01➖SYKES, Hilary Claire resignedsecretary
- 2013-05-07🔓Charge satisfied #9
- 2009-12-11➕HOLDEN, Timothy Paul appointeddirector
- 2009-12-10➖FORSYTH, David Robertson resigneddirector
- 2009-05-13🔒Charge registered #9Lender: The Royal Bank of Scotland PLC as Agent and Trustee for the Secured Parties (The Override Agent)
- 1997-10-01➕FORSYTH, David Robertson appointeddirector
- 1997-10-01➖WHEELER, Ian resigneddirector
- 1997-01-04🔓Charge satisfied #7
- 1997-01-04🔓Charge satisfied #5
- 1995-09-12➖QUIGG, Kevin Barry resigneddirector
- 1994-12-05➖HIBBERT, David Anthony resignedsecretary
- 1994-12-05➕SYKES, Hilary Claire appointedsecretary
- 1987-05-21🔒Charge registered #8Lender: Lloyds Bank PLC
- 1987-04-15🔒Charge registered #7Lender: Psa Wholesale Limited.
- 1986-09-05🔒Charge registered #6Lender: Forward Trust Limited
- 1985-09-30🔒Charge registered #5Lender: Psa Wholesale Limited.
- 1985-09-30🔒Charge registered #4Lender: Psa Wholesale Limited.
- 1982-08-27🔒Charge registered #3Lender: United Dominions Trust Limited
- 1982-04-28🔒Charge registered #2Lender: United Dominions Trust Limited.
- 1980-09-03🔒Charge registered #1Lender: Barclays Bank PLC
- 1977-02-18🏢Company incorporatedAs 01299124 LIMITED
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Sole director: Only one active director — all governance concentrated on one person.
- +Founder name in company name: Company name contains director surname "LIMITED" — strong identity link between founder and business.
Succession & seller-readiness
Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- secondaryStable-but-static management: Company is 49 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
3 high · 2 med · 1 lowStatutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.
Evidence: Next due: 2021-09-30
Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.
Evidence: Next due: 2021-08-03
Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2021-02-23: legacy; 2020-12-10: legacy
Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Name changes can be benign (rebrand) but can also precede distress, phoenix activity, or buyer concealment.
Evidence: 2024-08-09: certificate-change-of-name-company
Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Group structure
Pendragon Motor Group Limited holds majority control (50-75%). Likely parent but not wholly-owned.
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
1 active beneficial owner| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Pendragon Motor Group Limited Corporate entity | — | 50–75% | 50-75% voting | 06/04/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
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12 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 →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
Registered office
Filing status
Officers (2 active · 9 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC as Agent and Trustee for the Secured Parties (The Override Agent) | A security agreement | 1 property | 13/05/2009 | 07/05/2013 | |
| outstanding | Lloyds Banking Group Lloyds Bank PLC | Single debenture | 1 property | 21/05/1987 | — | |
| satisfied | Psa Wholesale . Psa Wholesale Limited. | Deed | 1 property | 15/04/1987 | 04/01/1997 | |
| outstanding | Forward Trust Forward Trust Limited | Floating charge | 1 property | 05/09/1986 | — | |
| satisfied | Psa Wholesale . Psa Wholesale Limited. | Charge | 1 property | 30/09/1985 | 04/01/1997 | |
| outstanding | Psa Wholesale . Psa Wholesale Limited. | Deed. | 1 property | 30/09/1985 | — | |
| outstanding | United Dominions Trust United Dominions Trust Limited | Mortgage debenture | 1 property | 27/08/1982 | — | |
| outstanding | United Dominions Trust . United Dominions Trust Limited. | Mortgage debenture | 1 property | 28/04/1982 | — | |
| outstanding | Barclays Barclays Bank PLC | Guarantee & debenture | 1 property | 03/09/1980 | — |