0161 LETTINGS LIMITED
Opportunity 33/100 (pass), bankability 10/100. 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.
Refinance opportunity
6 live charges · 2 lenders · oldest 18.6y
Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.
- · Oldest live charge is 18.6 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Legal-friction score 45/100 (high).
Data confidence
Overall: low (45/100)Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.
Clear signal to pass. Time better spent elsewhere unless you have a specific strategic angle.
Recent activity
Corporate timeline (40 events)Click to expand
- 2013-09-30⚠️liquidation-voluntary-statement-of-affairsinsolvency · 4.20
- 2013-09-27📄restoration-order-of-courtrestoration · AC92
- 2012-07-11⚠️gazette-dissolved-liquidationgazette · GAZ2
- 2012-04-11⚠️liquidation-voluntary-creditors-return-of-final-meetinginsolvency · 4.72
- 2011-12-21⚠️liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-dateinsolvency · 4.68
- 2010-11-16⚠️liquidation-voluntary-appointment-of-liquidatorinsolvency · 600
- 2010-11-16📄resolutionresolution · RESOLUTIONS
- 2010-11-16⚠️liquidation-voluntary-statement-of-affairs-with-form-attachedinsolvency · 4.20
- 2010-10-19📍change-registered-office-address-company-with-date-old-addressaddress · AD01
- 2010-05-19📄gazette-filings-brought-up-to-dategazette · DISS40
- 2010-05-18📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2010-05-04📄gazette-notice-compulsarygazette · GAZ1
- 2009-11-25📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2009-08-21📄gazette-filings-brought-up-to-dategazette · DISS40
- 2009-08-20📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2009-06-30📄gazette-notice-compulsarygazette · GAZ1
- 2009-04-08📄gazette-filings-brought-up-to-dategazette · DISS40
- 2009-04-07📄legacyannual-return · 363a
- 2009-03-24📄gazette-notice-compulsarygazette · GAZ1
- 2008-03-07📄legacymortgage · 395
- 2008-02-22🔒Charge registered #6Lender: Tahoe Finance Limited
- 2007-10-16📄legacymortgage · 395
- 2007-10-16📄legacymortgage · 395
- 2007-10-16📄legacymortgage · 395
- 2007-10-12📄legacymortgage · 395
- 2007-10-12📄legacyofficers · 288a
- 2007-10-09🔒Charge registered #1Lender: Tahoe Finance (Manchester) Limited
- 2007-09-28🔒Charge registered #4Lender: Tahoe Finance (Manchester) Limited
- 2007-09-28🔒Charge registered #3Lender: Tahoe Finance (Manchester) Limited
- 2007-09-26🔒Charge registered #5Lender: Tahoe Finance (Manchester) Limited
- 2007-09-25🔒Charge registered #2Lender: Tahoe Finance Limited
- 2007-09-22➕ARBOUR, Christine Lesley appointedsecretary
- 2007-09-22➖SIMPER, Thomas Anthony resignedsecretary
- 2007-04-12🏢Company incorporatedAs 0161 LETTINGS LIMITED
- 2007-04-12➕ARBOUR, Andrew Mark appointeddirector
- 2007-04-12➕SIMPER, Thomas Anthony appointedsecretary
- 2007-04-12➕SAME-DAY COMPANY SERVICES LIMITED appointedcorporate-nominee-secretary
- 2007-04-12➖SAME-DAY COMPANY SERVICES LIMITED resignedcorporate-nominee-secretary
- 2007-04-12➕WILDMAN & BATTELL LIMITED appointedcorporate-nominee-director
- 2007-04-12➖WILDMAN & BATTELL LIMITED resignedcorporate-nominee-director
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 19 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 19 years.
- secondaryStable-but-static management: Company is 19 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
4 high · 1 lowStatutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.
Evidence: Next due: 2010-01-31
Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.
Evidence: Next due: 2017-04-26
Company is actively being wound up. Not a going concern.
Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2013-09-30: liquidation-voluntary-statement-of-affairs; 2012-07-11: gazette-dissolved-liquidation
Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.
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13 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 (2 active · 3 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Tahoe Finance Tahoe Finance Limited | Legal charge | 1 property | 22/02/2008 | — | |
| outstanding | Tahoe Finance (Manchester) Tahoe Finance (Manchester) Limited | Legal charge | 1 property | 09/10/2007 | — | |
| outstanding | Tahoe Finance (Manchester) Tahoe Finance (Manchester) Limited | Legal charge | 1 property | 28/09/2007 | — | |
| outstanding | Tahoe Finance (Manchester) Tahoe Finance (Manchester) Limited | Debenture | 1 property | 28/09/2007 | — | |
| outstanding | Tahoe Finance (Manchester) Tahoe Finance (Manchester) Limited | Legal charge | 1 property | 26/09/2007 | — | |
| outstanding | Tahoe Finance Tahoe Finance Limited | Debenture | 1 property | 25/09/2007 | — |