INTERDRI LIMITED
Opportunity 50/100 (worth a look), bankability 42/100. Strong seller-intent signal (88/100, director aged 80). Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: asset disposal / carve-out (45/100). Current lenders should be on monthly review.
Refinance opportunity
3 live charges · 3 lenders · oldest 32.6y
Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.
- · Oldest live charge is 32.6 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Legal-friction score 55/100 (high).
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 (49 events)Click to expand
- 2011-02-16⚠️gazette-dissolved-liquidationgazette · GAZ2
- 2011-02-16🏁Company dissolved
- 2010-11-16⚠️liquidation-voluntary-creditors-return-of-final-meetinginsolvency · 4.72
- 2010-10-11⚠️liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-dateinsolvency · 4.68
- 2010-04-21⚠️liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-dateinsolvency · 4.68
- 2009-11-26⚠️liquidation-voluntary-leave-to-resign-liquidatorinsolvency · 4.35
- 2009-10-30⚠️liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-dateinsolvency · 4.68
- 2009-10-02⚠️liquidation-voluntary-appointment-of-liquidatorinsolvency · 600
- 2009-07-03⚠️liquidation-voluntary-appointment-of-liquidatorinsolvency · 600
- 2009-07-03⚠️liquidation-court-order-miscellaneousinsolvency · LIQ MISC OC
- 2009-07-03⚠️liquidation-voluntary-death-liquidatorinsolvency · 4.44
- 2008-10-11⚠️liquidation-voluntary-appointment-of-liquidatorinsolvency · 600
- 2008-10-11📄resolutionresolution · RESOLUTIONS
- 2008-10-11⚠️liquidation-voluntary-statement-of-affairs-with-form-attachedinsolvency · 4.20
- 2008-09-18📍legacyaddress · 287
- 2008-05-14📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2008-01-07📄legacyannual-return · 363a
- 2008-01-07📍legacyaddress · 353
- 2007-09-12📄legacycapital · 169
- 2007-05-30📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2006-11-15📄legacyannual-return · 363a
- 2006-09-12📄legacyofficers · 288a
- 2006-09-11➕STATON, Philip John appointedsecretary
- 2006-09-11➖MAINWARING, Valerie Ann resignedsecretary
- 2006-09-11📄legacyofficers · 288b
- 2006-08-01📄legacyofficers · 288b
- 2006-06-30➖HEMMINGS, Steven resigneddirector
- 2006-06-13📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2006-04-24📄legacyofficers · 288b
- 2006-04-20➖MASON, Terence James resigneddirector
- 2005-03-11➕MAINWARING, Valerie Ann appointedsecretary
- 2005-03-11➖MASON, Terence James resignedsecretary
- 2004-04-07🔓Charge satisfied #2
- 2004-04-06➕HEMMINGS, Steven appointeddirector
- 2004-02-06🔒Charge registered #3Lender: Barclays Bank PLC
- 2003-09-09➖BERRISFORD, Keith resigneddirector
- 2002-01-17🔓Charge satisfied #1
- 2001-12-14🔒Charge registered #2Lender: Hsbc Bank PLC
- 2000-02-09➕STATON, Philip John appointeddirector
- 1993-09-22🔒Charge registered #1Lender: The Co-Operative Bank PLC
- 1993-08-24➕HEMMINGS, Keith William appointeddirector
- 1993-08-24➖DAVENPORT, Nicholas Frederick resignedsecretary
- 1993-08-24➕MASON, Terence James appointedsecretary
- 1993-08-24➕BERRISFORD, Keith appointeddirector
- 1993-08-24➕MASON, Terence James appointeddirector
- 1993-08-24➖MILLER, Derek John resigneddirector
- 1992-11-11🏢Company incorporatedAs INTERDRI LIMITED
- 1992-11-11➕DAVENPORT, Nicholas Frederick appointedsecretary
- 1992-11-11➕MILLER, Derek John appointeddirector
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.
- +Long-tenure founder: Senior director has been in place 33 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 80 — succession pressure is live.
Succession & seller-readiness
Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
- primaryFounder aged 70+: Senior director is approximately 80 years old. Natural succession window is now.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- primary20+ year tenure: Director in role 33 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 33 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 · 1 med ·Company has been dissolved — it no longer legally exists. Any diligence here is historical only.
Evidence: Dissolved on 2011-02-16
Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2011-02-16: gazette-dissolved-liquidation; 2010-11-16: liquidation-voluntary-creditors-return-of-final-meeting
Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
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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 →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 (0 active · 7 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Barclays Barclays Bank PLC | Debenture | 1 property | 06/02/2004 | — | |
| satisfied | HSBC Hsbc Bank PLC | Debenture | 1 property | 14/12/2001 | 07/04/2004 | |
| satisfied | Co-operative Bank The Co-Operative Bank PLC | Mortgage debenture | 1 property | 22/09/1993 | 17/01/2002 |