02388656 LIMITED
⚰️Wound downliquidation
02388656 · ltd · incorporated 1989-05-24
Investment thesis
Company liquidation — not a live target.
Why interesting: Historical record only; useful for precedent research.
Why risky: Not transactable.
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
44/100
Watch
What this business does
Primary activity: SIC 3663
Sector: Water supply & waste
Investor take
Pass (distressed without resilience)Distressed unclear — structural issues outweigh the discount.
Opportunity 44/100 (watch), bankability 30/100. 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: distressed disposal / insolvency (65/100). Current lenders should be on immediate intervention.
Data confidence
Overall: low (45/100)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
Confirmed no charges registered
85
Directors & officers
25 officers (6 active, 25 linked, 22 with DOB)
88
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
Network not yet resolved
30
Filing history
6 filings
60
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
44/100Watch
PassWatchWorth a lookStrongExceptional
Not actionable now, but monitor — distressed, succession, or structural changes could flip this into a real opportunity.
Business quality
0
Concerning — overdue filings or status flags present.
Acquirability
85
Strong succession / seller-readiness signals.
Risk profile
31
Multiple red flags — proceed with caution.
Signal strength
90
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 (43 events)Click to expand
- 2017-11-29⚠️order-of-court-restoration-previously-members-voluntary-liquidationinsolvency · REST-MVL
- 2017-11-29✏️certificate-change-of-name-companychange-of-name · CERTNM
- 2002-01-03📍legacyaddress · 287
- 2001-11-30➖BAINES, Carl Stephen resigneddirector
- 2001-05-21➕SUZUKI, Takeshi appointeddirector
- 2001-05-21➕YUKUTAKE, Kenichi appointeddirector
- 2001-05-21➖ARASHI, Masahiko resigneddirector
- 2001-05-21➖MOROISHI, Tsutomu resigneddirector
- 2000-11-28➕BOURKE, Anthony John appointeddirector
- 2000-09-22➕BOURKE, Anthony John appointedsecretary
- 2000-09-22➖HURST, Clifford Graham resignedsecretary
- 2000-09-22➖HURST, Clifford Graham resigneddirector
- 2000-05-11➕BAINES, Carl Stephen appointeddirector
- 1999-05-27➖SPURLING, Julian Neville Guy resigneddirector
- 1998-12-11➕KASUYA, Mitsuaki appointeddirector
- 1998-12-11➕MOROISHI, Tsutomu appointeddirector
- 1998-12-11➖SATOMI, Yasuhiko resigneddirector
- 1998-03-31➖BOURKE, Anthony John resignedsecretary
- 1998-03-31➕HURST, Clifford Graham appointedsecretary
- 1998-03-31➖BOURKE, Anthony John resigneddirector
- 1998-03-13➕HURST, Clifford Graham appointeddirector
- 1998-01-31➖BRAZINGTON, Phillip Ernest resigneddirector
- 1997-11-25➕SPURLING, Julian Neville Guy appointeddirector
- 1997-01-17➕ASAOKA, Akira appointeddirector
- 1997-01-16➖BLAIR, Douglas Keith resigneddirector
- 1997-01-16➖KOBAYASHI, Akira resigneddirector
- 1997-01-16➖MABUCHI, Hideo resigneddirector
- 1997-01-16➖NONOYAMA, Toru resigneddirector
- 1996-10-16📍legacyaddress · 287
- 1995-07-03➕ARASHI, Masahiko appointeddirector
- 1995-07-03➖ISHII, Seigo resigneddirector
- 1995-07-03➖KAMEI, Michio resigneddirector
- 1995-07-03➕NONOYAMA, Toru appointeddirector
- 1995-07-03➕SATOMI, Yasuhiko appointeddirector
- 1995-04-27➖ASAI, Nobuyoshi resigneddirector
- 1995-01-19➕BLAIR, Douglas Keith appointeddirector
- 1995-01-19➖PETERSON, Monte resigneddirector
- 1995-01-01📄selection-of-documents-registered-before-January-1995historical · PRE95
- 1994-11-30➕ISHII, Seigo appointeddirector
- 1994-06-28➕ASAI, Nobuyoshi appointeddirector
- 1994-06-28➖YANO, Tetsuo resigneddirector
- 1990-03-21📍legacyaddress · 287
- 1989-05-24🏢Company incorporatedAs 02388656 LIMITED
Owner dependency
65/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- -5 active directors: Broader management team in place — suggests transferable governance.
- +Long-tenure founder: Senior director has been in place 29 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 88 — succession pressure is live.
Succession & seller-readiness
85/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 88 years old. Natural succession window is now.
- primary20+ year tenure: Director in role 29 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 37 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
3 high ·Accounts overdue
highStatutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.
Evidence: Next due: 2002-10-31
Company in liquidation
highCompany is actively being wound up. Not a going concern.
1 insolvency-related filing on record
highFilings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2017-11-29: order-of-court-restoration-previously-members-voluntary-liquidation
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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
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 →🔒Advanced scoring suite
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See pricing →Company details
Statusliquidation
Typeltd
Incorporated1989-05-24
Jurisdictionengland-wales
Primary SIC3663 — SIC 3663
Registered office
New Garden House
78 Hatton Garden
London
EC1N 8JA
Filing status
Accounts
Next due: 2002-10-31OVERDUE
Last made up to: 2000-12-31
Confirmation statement
Next due: —
Last: —
Officers (6 active · 19 resigned)
BOURKE, Anthony John→
Activesecretary · appointed 2000-09-22
View their other companies + combined net worth →
ASAOKA, Akira→
Activedirector · ~80y · appointed 1997-01-17
View their other companies + combined net worth →
BOURKE, Anthony John→
Activedirector · ~82y · appointed 2000-11-28
View their other companies + combined net worth →
KASUYA, Mitsuaki→
Activedirector · ~82y · appointed 1998-12-11
View their other companies + combined net worth →
SUZUKI, Takeshi→
Activedirector · ~88y · appointed 2001-05-21
View their other companies + combined net worth →
YUKUTAKE, Kenichi→
Activedirector · ~86y · appointed 2001-05-21
View their other companies + combined net worth →
BOURKE, Anthony John→
Resignedsecretary · resigned 1998-03-31
HURST, Clifford Graham→
Resignedsecretary · appointed 1998-03-31 · resigned 2000-09-22
ARASHI, Masahiko→
Resigneddirector · ~90y · appointed 1995-07-03 · resigned 2001-05-21
ASAI, Nobuyoshi→
Resigneddirector · ~87y · appointed 1994-06-28 · resigned 1995-04-27
BAINES, Carl Stephen→
Resigneddirector · ~71y · appointed 2000-05-11 · resigned 2001-11-30
BLAIR, Douglas Keith→
Resigneddirector · ~76y · appointed 1995-01-19 · resigned 1997-01-16
BOURKE, Anthony John→
Resigneddirector · ~82y · resigned 1998-03-31
BRAZINGTON, Phillip Ernest→
Resigneddirector · ~81y · resigned 1998-01-31
HURST, Clifford Graham→
Resigneddirector · ~64y · appointed 1998-03-13 · resigned 2000-09-22
ISHII, Seigo→
Resigneddirector · ~96y · appointed 1994-11-30 · resigned 1995-07-03
KAMEI, Michio→
Resigneddirector · ~87y · resigned 1995-07-03
KOBAYASHI, Akira→
Resigneddirector · ~87y · resigned 1997-01-16
MABUCHI, Hideo→
Resigneddirector · ~106y · resigned 1997-01-16
MOROISHI, Tsutomu→
Resigneddirector · ~66y · appointed 1998-12-11 · resigned 2001-05-21
Click a director name to see their full track record across all companies.
Recent filings (6 total)
order-of-court-restoration-previously-members-voluntary-liquidation
insolvency · REST-MVL
2017-11-29
certificate-change-of-name-company
change-of-name · CERTNM
2017-11-29
legacy
address · 287
2002-01-03
legacy
address · 287
1996-10-16
selection-of-documents-registered-before-January-1995
historical · PRE95
1995-01-01
legacy
address · 287
1990-03-21