BANCHORY EXPLORATION LIMITED

⚰️Wound downdissolved
05503163 · ltd · incorporated 2005-07-08
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
52/100
Worth a look
🔔
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What this business does
Primary activity: SIC 1110
Sector: Manufacturing
Investor take
Pass (distressed without resilience)
Distressed unclear — structural issues outweigh the discount.

Opportunity 52/100 (worth a look), bankability 50/100. 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: Resolve: Company dissolved. Company has been dissolved — it no longer legally exists. Any diligence here is historical only. Most likely exit: strategic trade sale (53/100). Current lenders should be on monthly review.

Data confidence

Overall: low (52/100)

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
10 officers (4 active, 10 linked, 6 with DOB)
82
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
20 connected companies via shared directors
90
Filing history
54 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
52/100Worth a look
PassWatchWorth a lookStrongExceptional 

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality
10
Concerning — overdue filings or status flags present.
Acquirability
85
Strong succession / seller-readiness signals.
Risk profile
49
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
  1. 2012-10-12
    ⚠️
    gazette-dissolved-liquidation
    gazette · GAZ2
  2. 2012-10-12
    🏁
    Company dissolved
  3. 2012-07-12
    ⚠️
    liquidation-voluntary-members-return-of-final-meeting
    insolvency · 4.71
  4. 2012-05-01
    📄
    change-person-director-company-with-change-date
    officers · CH01
  5. 2012-03-09
    📍
    change-registered-office-address-company-with-date-old-address
    address · AD01
  6. 2012-02-16
    ⚠️
    liquidation-voluntary-appointment-of-liquidator
    insolvency · 600
  7. 2012-02-16
    📄
    resolution
    resolution · RESOLUTIONS
  8. 2012-02-16
    ⚠️
    liquidation-voluntary-declaration-of-solvency
    insolvency · 4.70
  9. 2011-07-14
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  10. 2011-06-16
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  11. 2010-10-05
    📄
    change-person-director-company-with-change-date
    officers · CH01
  12. 2010-10-05
    📄
    change-person-director-company-with-change-date
    officers · CH01
  13. 2010-10-05
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  14. 2010-09-23
    📄
    change-person-director-company-with-change-date
    officers · CH01
  15. 2010-09-10
    📄
    accounts-with-accounts-type-full
    accounts · AA
  16. 2010-07-09
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  17. 2009-10-01
    📄
    accounts-with-accounts-type-full
    accounts · AA
  18. 2009-07-16
    📄
    legacy
    annual-return · 363a
  19. 2009-07-16
    📍
    legacy
    address · 287
  20. 2009-07-16
    📄
    legacy
    officers · 288c
  21. 2009-07-16
    📄
    legacy
    officers · 288c
  22. 2008-11-03
    📄
    accounts-with-accounts-type-full
    accounts · AA
  23. 2008-07-25
    📄
    legacy
    annual-return · 363a
  24. 2008-07-25
    📍
    legacy
    address · 287
  25. 2008-07-24
    📄
    legacy
    officers · 288c
  26. 2008-05-19
    📄
    legacy
    accounts · 225
  27. 2008-02-08
    ➖
    BAIN, James David resigned
    director
  28. 2008-01-18
    ➖
    EVANS, Michael Howard resigned
    director
  29. 2007-12-11
    ➖
    WHYATT, Michael resigned
    director
  30. 2007-10-10
    ➕
    WOOD, Duncan Alexander appointed
    secretary
  31. 2007-10-10
    ➕
    BROWN, Janice Margaret appointed
    director
  32. 2007-10-10
    ➕
    THOMSON, Simon John appointed
    director
  33. 2007-10-10
    ➕
    WATTS, Michael John, Dr appointed
    director
  34. 2007-10-10
    ➖
    BAIN, James David resigned
    secretary
  35. 2005-08-30
    ➕
    BAIN, James David appointed
    secretary
  36. 2005-08-30
    ➖
    EPS SECRETARIES LIMITED resigned
    corporate-nominee-secretary
  37. 2005-08-30
    ➕
    BAIN, James David appointed
    director
  38. 2005-08-30
    ➕
    EVANS, Michael Howard appointed
    director
  39. 2005-08-30
    ➕
    WHYATT, Michael appointed
    director
  40. 2005-08-30
    ➖
    MIKJON LIMITED resigned
    corporate-nominee-director
  41. 2005-07-08
    🏢
    Company incorporated
    As BANCHORY EXPLORATION LIMITED
  42. 2005-07-08
    ➕
    EPS SECRETARIES LIMITED appointed
    corporate-nominee-secretary
  43. 2005-07-08
    ➕
    MIKJON LIMITED appointed
    corporate-nominee-director

Owner dependency

75/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Long-tenure founder: Senior director has been in place 19 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 71 — succession pressure is live.

Succession & seller-readiness

83/100
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 71 years old. Natural succession window is now.
  • secondary12+ year tenure: Director in role 19 years.
  • secondaryStable-but-static management: Company is 21 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 ·
Company dissolved
high

Company has been dissolved — it no longer legally exists. Any diligence here is historical only.

Evidence: Dissolved on 2012-10-12

4 insolvency-related filings on record
high

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

Evidence: 2012-10-12: gazette-dissolved-liquidation; 2012-07-12: liquidation-voluntary-members-return-of-final-meeting

🔒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 →

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

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 →
🔒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
Incorporated2005-07-08
Jurisdictionengland-wales
Primary SIC1110 — SIC 1110

Registered office

9th Floor Bond Court
Leeds
LS1 2JZ

Filing status

Accounts
Next due: —
Last made up to: 2010-12-31
Confirmation statement
Next due: —
Last: —

Officers (0 active · 6 resigned)

WOOD, Duncan Alexander→
secretary · appointed 2007-10-10
View their other companies + combined net worth →
Active
BROWN, Janice Margaret→
director · ~71y · appointed 2007-10-10
View their other companies + combined net worth →
Active
THOMSON, Simon John→
director · ~61y · appointed 2007-10-10
View their other companies + combined net worth →
Active
WATTS, Michael John, Dr→
director · ~70y · appointed 2007-10-10
View their other companies + combined net worth →
Active
BAIN, James David→
secretary · appointed 2005-08-30 · resigned 2007-10-10
Resigned
EPS SECRETARIES LIMITED→
corporate-nominee-secretary · appointed 2005-07-08 · resigned 2005-08-30
Resigned
BAIN, James David→
director · ~75y · appointed 2005-08-30 · resigned 2008-02-08
Resigned
EVANS, Michael Howard→
director · ~67y · appointed 2005-08-30 · resigned 2008-01-18
Resigned
WHYATT, Michael→
director · ~68y · appointed 2005-08-30 · resigned 2007-12-11
Resigned
MIKJON LIMITED→
corporate-nominee-director · appointed 2005-07-08 · resigned 2005-08-30
Resigned

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

Recent filings (54 total)

gazette-dissolved-liquidation
gazette · GAZ2
2012-10-12
liquidation-voluntary-members-return-of-final-meeting
insolvency · 4.71
2012-07-12
change-person-director-company-with-change-date
officers · CH01
2012-05-01
change-registered-office-address-company-with-date-old-address
address · AD01
2012-03-09
liquidation-voluntary-appointment-of-liquidator
insolvency · 600
2012-02-16
resolution
resolution · RESOLUTIONS
2012-02-16
liquidation-voluntary-declaration-of-solvency
insolvency · 4.70
2012-02-16
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2011-07-14
accounts-with-accounts-type-dormant
accounts · AA
2011-06-16
change-person-director-company-with-change-date
officers · CH01
2010-10-05
change-person-director-company-with-change-date
officers · CH01
2010-10-05
change-person-secretary-company-with-change-date
officers · CH03
2010-10-05
change-person-director-company-with-change-date
officers · CH01
2010-09-23
accounts-with-accounts-type-full
accounts · AA
2010-09-10
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2010-07-09