ELECTROTHERMAL LIMITED

⚰️Wound downdissolved
01686716 · ltd · incorporated 1982-12-14
Investment thesis
Company dissolved — not a live target.
Why interesting: Historical record only; useful for precedent research.
Why risky: Not transactable.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 42.5y old — refinance window within 12 months
🔒Estimated value
Upgrade to see
Turnover
not disclosed
Net worth
book net assets
Opportunity
56/100
Worth a look
🔔
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What this business does
Primary activity: Electrical installation
Sector: Construction
ALSO REGISTERED FOR
  • 74990Non-trading company
Investor take
Pass (distressed without resilience)
Distressed unclear — structural issues outweigh the discount.

Opportunity 56/100 (worth a look), bankability 80/100. Strong seller-intent signal (60/100, director aged 64). 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 (73/100).

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 42.5y

70/100
ready

Refinance conversation should be productive — structure clean and timing right.

  • · Oldest live charge is 42.5 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Legal-friction score 20/100 — clean.

Data confidence

Overall: low (51/100)

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

Company profile
address, 2 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
23 officers (2 active, 23 linked, 16 with DOB)
84
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
10 connected companies via shared directors
75
Filing history
151 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
56/100Worth 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
70
Strong succession / seller-readiness signals.
Risk profile
49
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 (71 events)Click to expand
  1. 2014-09-09
    📄
    gazette-dissolved-voluntary
    gazette · GAZ2(A)
  2. 2014-09-09
    🏁
    Company dissolved
  3. 2014-05-20
    📄
    gazette-notice-voluntary
    gazette · GAZ1(A)
  4. 2014-05-08
    📄
    dissolution-application-strike-off-company
    dissolution · DS01
  5. 2014-04-29
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  6. 2014-04-29
    📄
    resolution
    resolution · RESOLUTIONS
  7. 2014-04-16
    📄
    capital-statement-capital-company-with-date-currency-figure
    capital · SH19
  8. 2014-04-16
    ⚠️
    legacy
    insolvency · CAP-SS
  9. 2014-04-16
    📄
    resolution
    resolution · RESOLUTIONS
  10. 2014-04-16
    📄
    resolution
    resolution · RESOLUTIONS
  11. 2014-02-06
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  12. 2013-07-19
    📄
    termination-director-company-with-name
    officers · TM01
  13. 2013-06-30
    WORKMAN, David Miller resigned
    director
  14. 2013-06-27
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  15. 2013-02-06
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  16. 2012-10-04
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  17. 2012-02-06
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  18. 2012-01-26
    📍
    change-registered-office-address-company-with-date-old-address
    address · AD01
  19. 2011-12-13
    📄
    auditors-resignation-company
    auditors · AUD
  20. 2011-11-18
    📄
    miscellaneous
    miscellaneous · MISC
  21. 2011-11-18
    📄
    auditors-resignation-company
    auditors · AUD
  22. 2011-09-08
    📄
    appoint-person-secretary-company-with-name
    officers · AP03
  23. 2011-09-08
    📄
    appoint-person-director-company-with-name
    officers · AP01
  24. 2011-09-06
    📄
    termination-secretary-company-with-name
    officers · TM02
  25. 2011-08-31
    WATSON, Colin Carrick appointed
    secretary
  26. 2011-08-31
    WATSON, Colin Carrick appointed
    director
  27. 2011-08-31
    GLEN, Andrew Lundie resigned
    secretary
  28. 2011-07-27
    📍
    move-registers-to-sail-company
    address · AD03
  29. 2011-07-27
    📍
    change-sail-address-company
    address · AD02
  30. 2011-07-27
    📄
    change-person-director-company-with-change-date
    officers · CH01
  31. 2011-05-13
    CHISHOLM, Bruce resigned
    secretary
  32. 2011-05-13
    GLEN, Andrew Lundie appointed
    secretary
  33. 2011-05-13
    RAY, John William resigned
    director
  34. 2011-05-13
    WORKMAN, David Miller appointed
    director
  35. 2007-07-12
    🔓
    Charge satisfied #2
  36. 2005-09-09
    ELLIS, Richard John Muir resigned
    director
  37. 2003-10-21
    BRUCE, Andrew resigned
    director
  38. 2003-09-16
    ELLIS, Richard John Muir appointed
    director
  39. 2003-09-16
    RAY, John William appointed
    director
  40. 2003-05-21
    CHISHOLM, Bruce appointed
    secretary
  41. 2003-05-21
    FORBES, Robert Gordon resigned
    secretary
  42. 2003-05-21
    FORBES, Robert Gordon resigned
    director
  43. 2002-08-31
    CLARK, Alexander resigned
    director
  44. 2000-12-31
    BAIN, John Logie Cameron resigned
    secretary
  45. 2000-12-31
    FORBES, Robert Gordon appointed
    secretary
  46. 2000-12-31
    ASHFIELD, David John, Dr resigned
    director
  47. 2000-12-31
    BAIN, John Logie Cameron resigned
    director
  48. 2000-12-31
    BRUCE, Andrew appointed
    director
  49. 2000-12-31
    FORBES, Robert Gordon appointed
    director
  50. 2000-12-31
    MUNRO, Neil Macleod resigned
    director
Showing most recent 50 of 71 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
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +Senior director age: Director aged approximately 64 — approaching natural succession window.

Succession & seller-readiness

88/100
Likely off-market candidate

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

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 64. Approaching typical UK retirement age — succession thinking likely.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondary12+ year tenure: Director in role 15 years.
  • secondaryStable-but-static management: Company is 43 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

2 high ·
Company dissolved
high

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

Evidence: Dissolved on 2014-09-09

1 insolvency-related filing on record
high

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

Evidence: 2014-04-16: legacy

🔒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

9 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.

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Company details

Statusdissolved
Typeltd
Incorporated1982-12-14
Jurisdictionengland-wales
Primary SIC43210 — Electrical installation

Registered office

Dundas & Wilson Llp Northwest Wing, Bush House
Aldwych
London
WC2B 4EZ

Filing status

Accounts
Next due:
Last made up to: 2013-12-31
Confirmation statement
Next due:
Last:

Officers (0 active · 21 resigned)

WATSON, Colin Carrick
secretary · appointed 2011-08-31
View their other companies + combined net worth →
Active
WATSON, Colin Carrick
director · ~64y · appointed 2011-08-31
View their other companies + combined net worth →
Active
BAIN, John Logie Cameron
secretary · appointed 1999-02-01 · resigned 2000-12-31
Resigned
CHISHOLM, Bruce
secretary · appointed 2003-05-21 · resigned 2011-05-13
Resigned
CHISHOLM, Bruce
secretary · resigned 1996-03-14
Resigned
FORBES, Robert Gordon
secretary · appointed 2000-12-31 · resigned 2003-05-21
Resigned
GLEN, Andrew Lundie
secretary · appointed 2011-05-13 · resigned 2011-08-31
Resigned
LEDINGHAM CHALMERS
corporate-secretary · appointed 1996-03-14 · resigned 1999-02-01
Resigned
ASHFIELD, David John, Dr
director · ~71y · appointed 1996-03-14 · resigned 2000-12-31
Resigned
BAIN, John Logie Cameron
director · ~71y · appointed 1996-03-14 · resigned 2000-12-31
Resigned
BRUCE, Andrew
director · ~68y · appointed 2000-12-31 · resigned 2003-10-21
Resigned
CLARK, Alexander
director · ~76y · appointed 1996-03-14 · resigned 2002-08-31
Resigned
DRUMMOND, Robert Sommerville
director · ~71y · resigned 1992-08-31
Resigned
ELLIS, Richard John Muir
director · ~81y · appointed 2003-09-16 · resigned 2005-09-09
Resigned
FORBES, Robert Gordon
director · ~67y · appointed 2000-12-31 · resigned 2003-05-21
Resigned
GRANT, Leslie John
director · ~87y · appointed 1996-05-21 · resigned 2000-11-03
Resigned
GRANT, Leslie John
director · ~87y · resigned 1996-03-08
Resigned
MUNRO, Neil Macleod
director · ~78y · appointed 1996-03-14 · resigned 2000-12-31
Resigned
OLIVE, Ian David
director · ~84y · appointed 1996-03-14 · resigned 1999-08-20
Resigned
RAY, John William
director · ~78y · appointed 2003-09-16 · resigned 2011-05-13
Resigned

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

Mortgages & charges

2
Total charges
0
Outstanding
0
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Debenture1 property12/05/199312/07/2007
satisfied
The Royal Bank at Scotland .
The Royal Bank at Scotland PLC.
Debenture1 property02/11/198321/05/1993

Recent filings (151 total)

gazette-dissolved-voluntary
gazette · GAZ2(A)
2014-09-09
gazette-notice-voluntary
gazette · GAZ1(A)
2014-05-20
dissolution-application-strike-off-company
dissolution · DS01
2014-05-08
accounts-with-accounts-type-dormant
accounts · AA
2014-04-29
resolution
resolution · RESOLUTIONS
2014-04-29
capital-statement-capital-company-with-date-currency-figure
capital · SH19
2014-04-16
legacy
insolvency · CAP-SS
2014-04-16
resolution
resolution · RESOLUTIONS
2014-04-16
resolution
resolution · RESOLUTIONS
2014-04-16
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2014-02-06
termination-director-company-with-name
officers · TM01
2013-07-19
accounts-with-accounts-type-dormant
accounts · AA
2013-06-27
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2013-02-06
accounts-with-accounts-type-dormant
accounts · AA
2012-10-04
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2012-02-06