02590685 LIMITED

⚰️Wound downliquidation
02590685 · ltd · incorporated 1991-03-12
Investment thesis
Company liquidation — not a live target.
Why interesting: Historical record only; useful for precedent research.
Why risky: Not transactable.
🔒Estimated value
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Turnover
not disclosed
Net worth
book net assets
Opportunity
43/100
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What this business does
Primary activity: SIC 6024
Sector: Information & communication
Investor take
Pass (distressed without resilience)
Distressed unclear — structural issues outweigh the discount.

Opportunity 43/100 (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 (44/100)

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
9 officers (4 active, 9 linked, 5 with DOB)
81
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
1 connected companies via shared directors
48
Filing history
2 filings — limited history
30
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
43/100Watch
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
80
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 (17 events)Click to expand
  1. 2018-01-23
    ⚠️
    order-of-court-restoration-previously-compulsory-liquidation
    insolvency · REST-COCOMP
  2. 2018-01-23
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  3. 1995-12-01
    JENNINGS, Patricia Ann appointed
    director
  4. 1995-11-16
    JENNINGS, Patricia Ann appointed
    secretary
  5. 1995-11-16
    JENNINGS, Kim Patricia resigned
    secretary
  6. 1995-11-16
    JENNINGS, Patricia Ann resigned
    director
  7. 1995-03-01
    JENNINGS, James appointed
    director
  8. 1993-09-30
    JENNINGS, Patricia Ann appointed
    director
  9. 1992-09-30
    DICKINSON, Gary Charles, Director resigned
    director
  10. 1991-04-22
    JENNINGS, Kim Patricia appointed
    director
  11. 1991-04-22
    JENNINGS, Kim Patricia appointed
    secretary
  12. 1991-04-22
    DICKINSON, Gary Charles, Director appointed
    director
  13. 1991-04-19
    LONDON LAW SECRETARIAL LIMITED resigned
    corporate-nominee-secretary
  14. 1991-04-19
    LONDON LAW SERVICES LIMITED resigned
    corporate-nominee-director
  15. 1991-03-12
    🏢
    Company incorporated
    As 02590685 LIMITED
  16. 1991-03-12
    LONDON LAW SECRETARIAL LIMITED appointed
    corporate-nominee-secretary
  17. 1991-03-12
    LONDON LAW SERVICES LIMITED appointed
    corporate-nominee-director

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
  • +Long-tenure founder: Senior director has been in place 35 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 79 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

85/100
Likely off-market candidate

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

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 79 years old. Natural succession window is now.
  • primary20+ year tenure: Director in role 35 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 35 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

3 high ·
Accounts overdue
high

Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.

Evidence: Next due: 1998-02-28

Company in liquidation
high

Company is actively being wound up. Not a going concern.

1 insolvency-related filing on record
high

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

Evidence: 2018-01-23: order-of-court-restoration-previously-compulsory-liquidation

🔒Co-director network graph

Radial SVG graph showing every company connected via shared directors, colour-coded by status.

Available from the Pro tier upwards.

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🔒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.

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🔒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.

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Company details

Statusliquidation
Typeltd
Incorporated1991-03-12
Jurisdictionengland-wales
Primary SIC6024 — SIC 6024

Registered office

Tile Street
Bury
BL9 5BR

Filing status

Accounts
Next due: 1998-02-28OVERDUE
Last made up to:
Confirmation statement
Next due:
Last:

Officers (4 active · 5 resigned)

JENNINGS, Patricia Ann
secretary · appointed 1995-11-16
View their other companies + combined net worth →
Active
JENNINGS, James
director · ~79y · appointed 1995-03-01
View their other companies + combined net worth →
Active
JENNINGS, Kim Patricia
director · ~60y · appointed 1991-04-22
View their other companies + combined net worth →
Active
JENNINGS, Patricia Ann
director · ~79y · appointed 1995-12-01
View their other companies + combined net worth →
Active
JENNINGS, Kim Patricia
secretary · appointed 1991-04-22 · resigned 1995-11-16
Resigned
LONDON LAW SECRETARIAL LIMITED
corporate-nominee-secretary · appointed 1991-03-12 · resigned 1991-04-19
Resigned
DICKINSON, Gary Charles, Director
director · ~73y · appointed 1991-04-22 · resigned 1992-09-30
Resigned
JENNINGS, Patricia Ann
director · ~79y · appointed 1993-09-30 · resigned 1995-11-16
Resigned
LONDON LAW SERVICES LIMITED
corporate-nominee-director · appointed 1991-03-12 · resigned 1991-04-19
Resigned

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

Recent filings (2 total)

order-of-court-restoration-previously-compulsory-liquidation
insolvency · REST-COCOMP
2018-01-23
certificate-change-of-name-company
change-of-name · CERTNM
2018-01-23