NESS RECOVERIES 10 LIMITED
- 5540SIC 5540
Opportunity 45/100 (watch), bankability 50/100. Strong seller-intent signal (63/100, director aged 51). Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: Resolve: Company dissolved. Company has been dissolved — it no longer legally exists. Any diligence here is historical only. Most likely exit: refinance and hold (35/100). Current lenders should be on monthly review.
Refinance opportunity
6 live charges · 2 lenders · oldest 28.4y
Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.
- · Oldest live charge is 28.4 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Legal-friction score 50/100 (high).
Data confidence
Overall: low (51/100)Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.
Not actionable now, but monitor — distressed, succession, or structural changes could flip this into a real opportunity.
Recent activity
Corporate timeline (76 events)Click to expand
- 2010-11-09⚠️gazette-dissolved-liquidationgazette · GAZ2
- 2010-11-09🏁Company dissolved
- 2010-08-09⚠️liquidation-in-administration-move-to-dissolution-with-case-end-dateinsolvency · 2.35B
- 2010-03-10⚠️liquidation-in-administration-progress-report-with-brought-down-dateinsolvency · 2.24B
- 2010-02-02⚠️liquidation-in-administration-statement-of-affairs-with-form-attachedinsolvency · 2.16B
- 2010-01-19📄resolutionresolution · RESOLUTIONS
- 2009-12-30✏️change-of-name-noticechange-of-name · CONNOT
- 2009-09-30⚠️liquidation-in-administration-proposalsinsolvency · 2.17B
- 2009-08-27⚠️liquidation-in-administration-appointment-of-administratorinsolvency · 2.12B
- 2009-08-11📄legacyofficers · 288b
- 2009-08-10📍legacyaddress · 287
- 2009-08-04➖WILLIAMSON, Charles resigneddirector
- 2009-05-16📄accounts-with-made-up-dateaccounts · AA
- 2009-02-20📍legacyaddress · 287
- 2008-12-15📄legacyannual-return · 363a
- 2008-10-31📄legacyofficers · 288a
- 2008-10-31📄legacyofficers · 288b
- 2008-10-20➖JONES, Mark Vincent resigneddirector
- 2008-10-20➕WILLIAMSON, Charles appointeddirector
- 2008-09-23📍legacyaddress · 287
- 2008-09-01📄legacyofficers · 288b
- 2008-08-29➖BELL, Craig Anthony resigneddirector
- 2008-08-26📍legacyaddress · 287
- 2008-08-26📄legacyofficers · 288b
- 2008-08-26📄legacyofficers · 288a
- 2008-08-26📄legacyofficers · 288a
- 2008-07-28➕ARTHUR, Wayne Anthony appointedsecretary
- 2008-07-28➕ARTHUR, Wayne Anthony appointeddirector
- 2008-07-28➖BELL, Craig Anthony resignedsecretary
- 2008-05-02📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2007-11-15📄legacyofficers · 288a
- 2007-11-13📄legacyannual-return · 363a
- 2007-07-06📄legacymortgage · 403a
- 2007-07-06🔓Charge satisfied #6
- 2007-07-06🔓Charge satisfied #5
- 2006-10-18➕JONES, Mark Vincent appointeddirector
- 2006-10-18➖ROWLINSON, Colin resigneddirector
- 2005-08-19➖RANKIN, Allan resigneddirector
- 2005-08-19➕ROWLINSON, Colin appointeddirector
- 2005-08-19➖SENIOR, Robert Fraser resigneddirector
- 2004-06-15➖PITHER, Jon Peter resigneddirector
- 2002-10-02➖ATKINSON, Keith Andrew resignedsecretary
- 2002-10-02➕BELL, Craig Anthony appointedsecretary
- 2002-10-02➕BELL, Craig Anthony appointeddirector
- 2000-11-15➖BARANY, David resigneddirector
- 2000-11-15➖MORGAN, David resigneddirector
- 2000-04-10🔓Charge satisfied #3
- 2000-04-10🔓Charge satisfied #2
- 2000-04-10🔓Charge satisfied #1
- 2000-03-27🔒Charge registered #6Lender: National Westminster Bank PLC
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Sole director: Only one active director — all governance concentrated on one person.
- +Long-tenure founder: Senior director has been in place 18 years — deep operational knowledge concentrated in one person.
Succession & seller-readiness
Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- secondary12+ year tenure: Director in role 18 years.
- secondaryStable-but-static management: Company is 29 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 2010-11-09
Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2010-11-09: gazette-dissolved-liquidation; 2010-08-09: liquidation-in-administration-move-to-dissolution-with-case-end-date
Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
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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 · 18 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | National Westminster Bank National Westminster Bank PLC | Legal mortgage | 1 property | 27/03/2000 | 06/07/2007 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Legal mortgage | 1 property | 27/03/2000 | 06/07/2007 | |
| outstanding | National Westminster Bank National Westminster Bank PLC | Mortgage debenture | 1 property | 27/03/2000 | — | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Debenture | 1 property | 05/05/1998 | 10/04/2000 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Legal charge | 1 property | 05/05/1998 | 10/04/2000 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Legal charge | 1 property | 12/12/1997 | 10/04/2000 |