UNDERWATER CUTTING SOLUTIONS LTD
⚰️Wound downdissolved
05031272 · ltd · incorporated 2004-02-02
Investment thesis
Company dissolved — 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
43/100
Watch
What this business does
Primary activity: SIC 28990
Sector: Manufacturing
Investor take
Pass (distressed without resilience)Distressed unclear — structural issues outweigh the discount.
Opportunity 43/100 (watch), bankability 52/100. 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: share sale to pe / searcher (43/100). Current lenders should be on monthly review.
🏦
Refinance opportunity
5 live charges · 3 lenders · oldest 14.0y
25/100
too messy
Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.
- · Oldest live charge is 14.0 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Legal-friction score 45/100 (high).
Data confidence
Overall: medium (61/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Company profile
address, 1 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
5 charges (5/5 with lender, 5/5 with type)
90
Directors & officers
13 officers (2 active, 13 linked, 9 with DOB)
84
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
15 connected companies via shared directors
90
Filing history
125 filings on record
85
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
10
Concerning — overdue filings or status flags present.
Acquirability
50
Some acquirability indicators.
Risk profile
41
Multiple red flags — proceed with caution.
Signal strength
100
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 (58 events)Click to expand
- 2025-03-19⚠️gazette-dissolved-liquidationgazette · GAZ2
- 2025-03-19🏁Company dissolved
- 2024-12-19⚠️liquidation-voluntary-members-return-of-final-meetinginsolvency · LIQ13
- 2024-10-05📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-10-05⚠️liquidation-voluntary-declaration-of-solvencyinsolvency · LIQ01
- 2024-10-05⚠️liquidation-voluntary-appointment-of-liquidatorinsolvency · 600
- 2024-10-05📄resolutionresolution · RESOLUTIONS
- 2024-09-25📄capital-statement-capital-company-with-date-currency-figurecapital · SH19
- 2024-09-25📄legacycapital · SH20
- 2024-09-25⚠️legacyinsolvency · CAP-SS
- 2024-09-25📄resolutionresolution · RESOLUTIONS
- 2024-04-29📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-04-29🔓Charge satisfied #5
- 2024-02-05📄change-person-director-company-with-change-dateofficers · CH01
- 2023-07-11📄accounts-with-accounts-type-audit-exemption-subsiduaryaccounts · AA
- 2023-07-11📄legacyaccounts · PARENT_ACC
- 2023-07-11📄legacyother · AGREEMENT2
- 2023-07-11📄legacyother · GUARANTEE2
- 2023-04-18📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-04-18🔓Charge satisfied #4
- 2023-04-11📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-04-05🔒Charge registered #5Lender: Hsbc Corporate Trustee Company (UK) Limited as Security Agent
- 2022-09-12📄accounts-with-accounts-type-audit-exemption-subsiduaryaccounts · AA
- 2022-09-12📄legacyaccounts · PARENT_ACC
- 2022-09-09📄legacyother · AGREEMENT2
- 2022-09-09📄legacyother · GUARANTEE2
- 2021-12-09➖CONNOLLY, Joseph Adam resigneddirector
- 2021-11-29🔓Charge satisfied #3
- 2021-11-23🔒Charge registered #4Lender: Hsbc Corporate Trustee Company (UK) Limited as Security Agent
- 2021-03-18➖HEHIR, Richard Andrew resignedsecretary
- 2021-03-18➖HEHIR, Richard Andrew resigneddirector
- 2021-03-05➕STEWART, Ingrid appointeddirector
- 2019-09-05🔒Charge registered #3Lender: Hsbc Corporate Trustee Company (UK) Limited (as Security Agent)
- 2019-09-04➕PIRIE, Allan William appointeddirector
- 2019-09-04➕HEHIR, Richard Andrew appointedsecretary
- 2019-09-04➖WRAITH, Ronald resignedsecretary
- 2019-09-04➕CONNOLLY, Joseph Adam appointeddirector
- 2019-09-04➕HEHIR, Richard Andrew appointeddirector
- 2019-09-04➖WRAITH, Ronald resigneddirector
- 2019-07-22🔓Charge satisfied #2
- 2019-07-22🔓Charge satisfied #1
- 2015-03-09➖WRAITH, John Robert resigneddirector
- 2013-06-28🔒Charge registered #2Lender: The Royal Bank of Scotland PLC
- 2012-04-05🔒Charge registered #1Lender: The Royal Bank of Scotland PLC
- 2008-02-01➖MILLUM, Colin George resigneddirector
- 2008-02-01➖WRAITH, Robert Charles resigneddirector
- 2004-12-18➖STEWART, Alexader resigneddirector
- 2004-12-10➕MILLUM, Colin George appointeddirector
- 2004-12-10➕WRAITH, Robert Charles appointeddirector
- 2004-02-04➕WRAITH, Ronald appointedsecretary
Showing most recent 50 of 58 events
Owner dependency
58/100
Moderate — manageable with handoverSome founder dependency, but not acute. A structured handover period should cover most risk.
FACTORS
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
Succession & seller-readiness
46/100
Moderate signalSome succession indicators present. Worth watching; approach if sector/strategy fits.
SIGNALS
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- secondaryStable-but-static management: Company is 22 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
2 high · 1 med ·Company dissolved
highCompany has been dissolved — it no longer legally exists. Any diligence here is historical only.
Evidence: Dissolved on 2025-03-19
5 insolvency-related filings on record
highFilings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2025-03-19: gazette-dissolved-liquidation; 2024-12-19: liquidation-voluntary-members-return-of-final-meeting
Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
Ashtead Technology Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Ashtead Technology Limited
Corporate parent · holds 75-100% shares
⬇
UNDERWATER CUTTING SOLUTIONS LTD
This company · 05031272
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Ashtead Technology Limited Corporate entity | 75–100% | 75–100% | 75-100% shares · 75-100% voting · firm interest | 04/09/2019 |
1 historic (ceased) PSC
- Mr Ronald Wraithceased 04/09/2019· 50-75% shares · 50-75% voting · board control
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
🔒Co-director network graph
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
See pricing →Similar companies
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|---|---|---|---|---|---|---|---|
| 0CYBERTECH LTD→ 16811826 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| 1. OSNABRUCKER STROMSERVICE AGENTUR LIMITED→ 06977683 · est 2009 · no financials extracted | — | — | — | — | 16y | — | — |
| 1336 LIMITED→ 10887251 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| 13STAR CONSULTING LTD→ 15711263 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| 14SIX8 LIMITED→ 11568860 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| 16474729 LTD→ 16474729 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| 16836744 LIMITED→ 16836744 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| 1979 LONDON LTD→ 16964268 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| 1ST QUALITY FABRICATION & ENGINEERING LTD→ 07928974 · est 2012 · no financials extracted | — | — | — | — | 14y | — | — |
| 1VSN LTD→ 16565558 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| 1WAY MOTION LTD→ 16667586 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| 25 REPAIR CENTRE LIMITED→ 06372641 · est 2007 · no financials extracted | — | — | — | — | 18y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
9 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
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
Statusdissolved
Typeltd
Incorporated2004-02-02
Jurisdictionengland-wales
Primary SIC28990 — SIC 28990
Registered office
10 Fleet Place
London
EC4M 7RB
Filing status
Accounts
Next due: —
Last made up to: 2022-12-31
Confirmation statement
Next due: —
Last: 2024-02-02
Officers (0 active · 11 resigned)
PIRIE, Allan William→
Activedirector · ~53y · appointed 2019-09-04
View their other companies + combined net worth →
STEWART, Ingrid→
Activedirector · ~52y · appointed 2021-03-05
View their other companies + combined net worth →
HEHIR, Richard Andrew→
Resignedsecretary · appointed 2019-09-04 · resigned 2021-03-18
WRAITH, Ronald→
Resignedsecretary · appointed 2004-02-04 · resigned 2019-09-04
@UKPLC CLIENT SECRETARY LTD→
Resignedcorporate-nominee-secretary · appointed 2004-02-02 · resigned 2004-02-04
CONNOLLY, Joseph Adam→
Resigneddirector · ~48y · appointed 2019-09-04 · resigned 2021-12-09
HEHIR, Richard Andrew→
Resigneddirector · ~43y · appointed 2019-09-04 · resigned 2021-03-18
MILLUM, Colin George→
Resigneddirector · ~69y · appointed 2004-12-10 · resigned 2008-02-01
STEWART, Alexader→
Resigneddirector · ~67y · appointed 2004-02-04 · resigned 2004-12-18
WRAITH, John Robert→
Resigneddirector · ~86y · appointed 2004-02-04 · resigned 2015-03-09
WRAITH, Robert Charles→
Resigneddirector · ~66y · appointed 2004-12-10 · resigned 2008-02-01
WRAITH, Ronald→
Resigneddirector · ~65y · appointed 2004-02-04 · resigned 2019-09-04
@UKPLC CLIENT DIRECTOR LTD→
Resignedcorporate-nominee-director · appointed 2004-02-02 · resigned 2004-02-04
Click a director name to see their full track record across all companies.
Mortgages & charges
5
Total charges
0
Outstanding
0
Active lenders
Status:Lender:5 of 5 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | HSBC Hsbc Corporate Trustee Company (UK) Limited as Security Agent | A registered charge | — | 05/04/2023 | 29/04/2024 | |
| satisfied | HSBC Hsbc Corporate Trustee Company (UK) Limited as Security Agent | A registered charge | — | 23/11/2021 | 18/04/2023 | |
| satisfied | HSBC Hsbc Corporate Trustee Company (UK) Limited (as Security Agent) | A registered charge | — | 05/09/2019 | 29/11/2021 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | A registered charge | 1 property | 28/06/2013 | 22/07/2019 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Debenture | 1 property | 05/04/2012 | 22/07/2019 |
Recent filings (125 total)
gazette-dissolved-liquidation
gazette · GAZ2
2025-03-19
liquidation-voluntary-members-return-of-final-meeting
insolvency · LIQ13
2024-12-19
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-10-05
liquidation-voluntary-declaration-of-solvency
insolvency · LIQ01
2024-10-05
liquidation-voluntary-appointment-of-liquidator
insolvency · 600
2024-10-05
resolution
resolution · RESOLUTIONS
2024-10-05
capital-statement-capital-company-with-date-currency-figure
capital · SH19
2024-09-25
legacy
capital · SH20
2024-09-25
legacy
insolvency · CAP-SS
2024-09-25
resolution
resolution · RESOLUTIONS
2024-09-25
mortgage-satisfy-charge-full
mortgage · MR04
2024-04-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-05
change-person-director-company-with-change-date
officers · CH01
2024-02-05
accounts-with-accounts-type-audit-exemption-subsiduary
accounts · AA
2023-07-11
legacy
accounts · PARENT_ACC
2023-07-11