TERMINUS 40 LIMITED
🌳Matureactive
01690647 · ltd · incorporated 1983-01-12
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
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
61/100
Worth a look
What this business does
Primary activity: SIC 18129
Sector: Manufacturing
Investor take
Pass (distressed without resilience)Distressed admin-neglect survivor — structural issues outweigh the discount.
Opportunity 61/100 (worth a look), bankability 37/100. Strong seller-intent signal (88/100, director aged 66). 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 (45/100). Current lenders should be on monthly review.
🏦
Refinance opportunity
15 live charges · 14 lenders · oldest 43.1y
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 43.1 years old — likely at or near maturity.
- · 14 lenders named — inter-creditor friction likely.
- · Legal-friction score 55/100 (high).
Data confidence
Overall: low (53/100)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
15 charges (15/15 with lender, 15/15 with type)
90
Directors & officers
16 officers (3 active, 16 linked, 14 with DOB)
88
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
13 connected companies via shared directors
84
Filing history
172 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
61/100Worth a look
PassWatchWorth a lookStrongExceptional
Mixed signal. Worth opening the full target workup before deciding to pursue.
Business quality
45
Concerning — overdue filings or status flags present.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
41
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 (79 events)Click to expand
- 2015-11-03📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2015-10-15📄termination-director-company-with-name-termination-dateofficers · TM01
- 2015-10-09➖JOHNSTON, Peter Douglas resigneddirector
- 2014-10-22📄termination-director-company-with-name-termination-dateofficers · TM01
- 2014-10-16📄termination-director-company-with-name-termination-dateofficers · TM01
- 2014-10-08📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2014-08-21📄restoration-order-of-courtrestoration · AC92
- 2012-01-31📄gazette-dissolved-voluntarygazette · GAZ2(A)
- 2011-10-18📄gazette-notice-voluntarygazette · GAZ1(A)
- 2011-10-05📄dissolution-application-strike-off-companydissolution · DS01
- 2011-09-30➖HEARN, Catherine Ann resigneddirector
- 2011-07-01📄change-account-reference-date-company-previous-extendedaccounts · AA01
- 2011-05-12✏️certificate-change-of-name-companychange-of-name · CERTNM
- 2011-05-12✏️change-of-name-noticechange-of-name · CONNOT
- 2011-04-20📄legacymortgage · MG02
- 2011-04-20📄legacymortgage · MG02
- 2011-04-20📄legacymortgage · MG02
- 2011-04-20📄legacymortgage · MG02
- 2011-04-20📄legacymortgage · MG02
- 2011-04-20📄legacymortgage · MG02
- 2011-04-20📄legacymortgage · MG02
- 2011-04-15🔓Charge satisfied #15
- 2011-04-15🔓Charge satisfied #14
- 2011-04-15🔓Charge satisfied #13
- 2011-04-15🔓Charge satisfied #12
- 2011-04-15🔓Charge satisfied #11
- 2011-04-15🔓Charge satisfied #10
- 2011-04-15🔓Charge satisfied #6
- 2010-10-20📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2010-02-06📄accounts-with-accounts-type-dormantaccounts · AA
- 2009-11-09📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2009-10-27📄change-person-secretary-company-with-change-dateofficers · CH03
- 2009-10-22📄change-person-director-company-with-change-dateofficers · CH01
- 2009-06-17📄accounts-with-accounts-type-dormantaccounts · AA
- 2009-04-09➕JOHNSTON, Peter Douglas appointeddirector
- 2009-04-09➖TIMMINS, Richard Keith resigneddirector
- 2008-01-07➕TIMMINS, Richard Keith appointeddirector
- 2007-08-10➖JOHNSTON, Peter Douglas resigneddirector
- 2006-09-27🔒Charge registered #15Lender: Lloyds Tsb Bank PLC
- 2005-03-31➖PLAYFORD, Christopher David resigneddirector
- 2004-10-28🔒Charge registered #14Lender: J.P. Morgan Europe Limited (Formerly Chase Manhattan International Limited) as Security Trusteefor Itself and the Other Secured Parties or Such Other Person as May from Time to Time Be Appointed Security Trustee
- 2004-10-28🔒Charge registered #13Lender: J.P. Morgan Europe Limited (Formerly Chase Manhattan International Limited) or Such Otherperson as May from Time to Time Be Appointed Security Agent and Trustee
- 2004-06-11➕GOODWIN, Alan appointedsecretary
- 2004-06-11➕GOODWIN, Alan James appointeddirector
- 2004-06-11➖BRIDGES, Clive resignedsecretary
- 2004-06-11➖BRIDGES, Clive resigneddirector
- 2002-09-30➖ROBERTSON, Malcolm Murray resigneddirector
- 2002-08-01➕HEARN, Catherine Ann appointeddirector
- 2002-08-01➕JOHNSTON, Peter Douglas appointeddirector
- 2002-01-28🔒Charge registered #12Lender: J.P.Morgan Europe Limited,as Security Trustee for the Secured Parties
Showing most recent 50 of 79 events
Owner dependency
83/100
Critical — business is the founderThe 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 25 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 66 — succession pressure is live.
Succession & seller-readiness
81/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 63+: Senior director is approximately 66. Approaching typical UK retirement age — succession thinking likely.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- primary20+ year tenure: Director in role 25 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 43 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
2 high · 1 med ·Accounts overdue
highStatutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.
Evidence: Next due: 2011-12-30
Confirmation statement overdue
highAnnual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.
Evidence: Next due: 2016-09-28
Charge satisfaction-then-recreation pattern
mediumMultiple 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 →Similar companies
Active · Manufacturing · LU postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| 1ST AUTO REPAIRS LIMITED→ 02431107 · est 1989 · no financials extracted | — | — | — | — | 36y | — | — |
| 24HR ENGINEERS LTD→ 16675059 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| 33 RPM LIMITED→ 02944800 · est 1994 · no financials extracted | — | — | — | — | 31y | — | — |
| 3D TACT LTD→ 16596803 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| A1 SAFETY SOLUTIONS LTD→ 16789911 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| A5 FABRICATIONS LTD→ 15955911 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| AA ELECTRONICS LTD→ 17079765 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| AAA PROPERTY MAINTENANCE LIMITED→ 09292624 · est 2014 · no financials extracted | — | — | — | — | 11y | — | — |
| AAC TRANSPORT LTD→ 16972719 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| ABBOT PRINT LTD→ 01535133 · est 1980 · no financials extracted | — | — | — | — | 45y | — | — |
| ABDEX HOSE & COUPLINGS LIMITED→ 01611910 · est 1982 · no financials extracted | — | — | — | — | 44y | — | — |
| ACA-APEX LIMITED→ 03937909 · est 2000 · no financials extracted | — | — | — | — | 26y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
10 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
Incorporated1983-01-12
Jurisdictionengland-wales
Primary SIC18129 — SIC 18129
Registered office
1 Apex Business Centre
Boscombe Road
Dunstable
Bedfordshire
LU5 4SB
Filing status
Accounts
Next due: 2011-12-30OVERDUE
Last made up to: 2009-09-30
Confirmation statement
Next due: 2016-09-28OVERDUE
Last: —
Officers (3 active · 13 resigned)
Active
GOODWIN, Alan James→
Activedirector · ~60y · appointed 2004-06-11
View their other companies + combined net worth →
HIBBERT, Barry Alan→
Activedirector · ~66y · appointed 2001-07-30
View their other companies + combined net worth →
BRIDGES, Clive→
Resignedsecretary · resigned 2004-06-11
BRIDGES, Clive→
Resigneddirector · ~81y · resigned 2004-06-11
BROWN, Frederick James→
Resigneddirector · ~78y · resigned 2001-09-17
CALEY, Robert James→
Resigneddirector · ~73y · appointed 1997-10-01 · resigned 1999-02-12
HEARN, Catherine Ann→
Resigneddirector · ~69y · appointed 2002-08-01 · resigned 2011-09-30
HOLLORAN, Peter John→
Resigneddirector · ~82y · resigned 1996-06-14
JOHNSTON, Peter Douglas→
Resigneddirector · ~63y · appointed 2009-04-09 · resigned 2015-10-09
JOHNSTON, Peter Douglas→
Resigneddirector · ~63y · appointed 2002-08-01 · resigned 2007-08-10
PLAYFORD, Christopher David→
Resigneddirector · ~79y · appointed 2000-06-19 · resigned 2005-03-31
ROBERTSON, Malcolm Murray→
Resigneddirector · ~72y · appointed 2000-11-27 · resigned 2002-09-30
RUDSTON, Anthony→
Resigneddirector · ~85y · appointed 1996-06-17 · resigned 2000-08-01
TIMMINS, Richard Keith→
Resigneddirector · ~66y · appointed 2008-01-07 · resigned 2009-04-09
WINGFIELD, Gordon Frederick→
Resigneddirector · ~94y · resigned 1997-09-19
Click a director name to see their full track record across all companies.
Mortgages & charges
15
Total charges
1
Outstanding
1
Active lenders
Status:Lender:15 of 15 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Lloyds Banking Group Lloyds Tsb Bank PLC | A deed of admission to an omnibus letter of set-off dated 19TH june 1998 | 1 property | 27/09/2006 | 15/04/2011 | |
| satisfied | J.P. Morgan Europe (Formerly Chase Manhattan International ) as Security Trusteefor Itself and the Other Secured Parties or Such Other Person as May from Time to Time Be Appointed Security Trustee J.P. Morgan Europe Limited (Formerly Chase Manhattan International Limited) as Security Trusteefor Itself and the Other Secured Parties or Such Other Person as May from Time to Time Be Appointed Security Trustee | Restated amendment to the supplemental deed to a composite guarantee and debenture dated 19 june 1998 and dated 4 september 1998 | 1 property | 28/10/2004 | 15/04/2011 | |
| satisfied | J.P. Morgan Europe (Formerly Chase Manhattan International ) or Such Otherperson as May from Time to Time Be Appointed Security Agent and Trustee J.P. Morgan Europe Limited (Formerly Chase Manhattan International Limited) or Such Otherperson as May from Time to Time Be Appointed Security Agent and Trustee | Restated amendment of and accession to the composite guarantee & debenture dated 19/06/98 | 1 property | 28/10/2004 | 15/04/2011 | |
| satisfied | J.P.Morgan Europe ,as Security Trustee for the Secured Parties J.P.Morgan Europe Limited,as Security Trustee for the Secured Parties | A composite guarantee and debenture between polestar,the polestar corporation PLC,certain subsidiaries of polestar and J.P.morgan europe limited | 6 properties | 28/01/2002 | 15/04/2011 | |
| satisfied | Chase Manhattan International (As Security Trustee for Itself and Investcorp Fundinglimited) Chase Manhattan International Limited (As Security Trustee for Itself and Investcorp Fundinglimited) | A composite guarantee and debenture between the chargor, the polestar corporation PLC, certain subsidiaries of the chargor and chase manhattan international limited | 1 property | 26/10/2001 | 15/04/2011 | |
| satisfied | Chase Manhattan International Chase Manhattan International Limited | Composite guarantee and debenture | 1 property | 19/06/1998 | 15/04/2011 | |
| satisfied | Chemical Investment Bank Limitedas Security Agent (As Defined Therein) | Composite guarantee and debenture | 1 property | 28/12/1995 | 29/09/1998 | |
| satisfied | Standard Chartered Bank Therein)as Agent and Trustee for the Lenders (As Defined | Supplemental deed | 1 property | 28/12/1995 | 26/06/1998 | |
| satisfied | The Governor and the Company of the Bank of Scotlandthe Overdraft Bankas Agent and Security Trustee for the Banks And | Composite guarantee and debenture | 1 property | 08/02/1989 | 08/06/1998 | |
| satisfied | Standard Chartered Banklendersas Agent and Security Trustee for the Mezzanine | Composite guarantee and debenture | 1 property | 08/02/1989 | 15/04/2011 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland Bank as Defined.as Agent and Trustee for the Banks and Overdraft | Composite guarantee & debenture | 1 property | 08/02/1989 | 22/01/1996 | |
| satisfied | Standard Chartered Bankin the Deed.as Agent and Trustee for the Lenders as Defined | Composite guarantee & debenture | 1 property | 08/02/1989 | 26/06/1998 | |
| outstanding | Hill Samuel & Co Hill Samuel & Co LTD | Letter of set-off | 1 property | 18/01/1985 | — | |
| satisfied | Trushelfco (No 719) . Trushelfco (No 719) LTD. | Debenture | 1 property | 29/11/1984 | 17/01/1989 | |
| satisfied | Hill Samuel & Co Hill Samuel & Co LTD | Debenture | 1 property | 03/03/1983 | 15/12/1988 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (172 total)
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2015-11-03
termination-director-company-with-name-termination-date
officers · TM01
2015-10-15
termination-director-company-with-name-termination-date
officers · TM01
2014-10-22
termination-director-company-with-name-termination-date
officers · TM01
2014-10-16
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2014-10-08
restoration-order-of-court
restoration · AC92
2014-08-21
gazette-dissolved-voluntary
gazette · GAZ2(A)
2012-01-31
gazette-notice-voluntary
gazette · GAZ1(A)
2011-10-18
dissolution-application-strike-off-company
dissolution · DS01
2011-10-05
change-account-reference-date-company-previous-extended
accounts · AA01
2011-07-01
certificate-change-of-name-company
change-of-name · CERTNM
2011-05-12
change-of-name-notice
change-of-name · CONNOT
2011-05-12
legacy
mortgage · MG02
2011-04-20
legacy
mortgage · MG02
2011-04-20
legacy
mortgage · MG02
2011-04-20