02112818 LIMITED
- 7499SIC 7499
Opportunity 61/100 (worth a look), bankability 27/100. Strong seller-intent signal (63/100, director aged 88). 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
5 live charges · 3 lenders · oldest 38.8y
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 38.8 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Legal-friction score 35/100 — workable, but lender will want more DD.
Data confidence
Overall: low (46/100)Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.
Mixed signal. Worth opening the full target workup before deciding to pursue.
Recent activity
Corporate timeline (32 events)Click to expand
- 2015-10-05📄restoration-order-of-courtrestoration · AC92
- 2002-05-28📄legacydissolution · 652a
- 2002-03-15📄legacyannual-return · 363s
- 2001-09-14📍legacyaddress · 287
- 2001-04-18📄legacyannual-return · 363s
- 2001-04-18📄legacyannual-return · 363(287)
- 2001-04-18📄legacyannual-return · 363(353)
- 2001-04-18📄legacyannual-return · 363(190)
- 2001-04-04📄accounts-with-accounts-type-fullaccounts · AA
- 2001-02-22📍legacyaddress · 287
- 2000-03-16📄accounts-with-accounts-type-smallaccounts · AA
- 2000-02-06📄legacyannual-return · 363s
- 2000-02-06📄legacyannual-return · 363(287)
- 1999-02-06📄legacyannual-return · 363s
- 1999-02-06📄legacyannual-return · 363(287)
- 1998-12-20📄accounts-with-accounts-type-smallaccounts · AA
- 1998-02-02📄accounts-with-accounts-type-smallaccounts · AA
- 1998-01-27📄legacyannual-return · 363s
- 1997-02-21📄accounts-with-accounts-type-smallaccounts · AA
- 1997-02-06📄legacyannual-return · 363s
- 1997-02-06📄legacyannual-return · 363(353)
- 1997-02-06📄legacyannual-return · 363(190)
- 1996-02-06📄legacyannual-return · 363s
- 1996-01-23📄accounts-with-accounts-type-smallaccounts · AA
- 1994-12-19📄accounts-with-accounts-type-smallaccounts · AA
- 1990-07-19🔓Charge satisfied #4
- 1989-12-22🔒Charge registered #5Lender: Barclays Bank PLC
- 1989-12-22🔒Charge registered #4Lender: Barclays Bank PLC
- 1987-12-03🔒Charge registered #3Lender: British Steel Corporation (Industry) Limited
- 1987-10-20🔒Charge registered #2Lender: Cleveland County Council
- 1987-07-20🔒Charge registered #1Lender: Barclays Bank PLC
- 1987-03-19🏢Company incorporatedAs 02112818 LIMITED
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Founder age: Director aged approximately 88 — succession pressure is live.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
- primaryFounder aged 70+: Senior director is approximately 88 years old. Natural succession window is now.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- secondaryStable-but-static management: Company is 39 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
2 high ·Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.
Evidence: Next due: 2002-04-30
Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.
Evidence: Next due: 2017-02-14
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11 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 (3 active · 0 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Barclays Barclays Bank PLC | Legal charge | 1 property | 22/12/1989 | — | |
| satisfied | Barclays Barclays Bank PLC | Legal charge | 1 property | 22/12/1989 | 19/07/1990 | |
| outstanding | British Steel Corporation (Industry) British Steel Corporation (Industry) Limited | Debenture | 1 property | 03/12/1987 | — | |
| outstanding | Cleveland County Council | Debenture | 1 property | 20/10/1987 | — | |
| outstanding | Barclays Barclays Bank PLC | Debenture | 1 property | 20/07/1987 | — |