06562942 LTD
Opportunity 30/100 (pass), bankability 22/100. 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 (80/100). Current lenders should be on immediate intervention.
Refinance opportunity
4 live charges · 4 lenders · oldest 13.8y
Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.
- · Oldest live charge is 13.8 years old — likely at or near maturity.
- · 4 lenders named — inter-creditor friction likely.
- · Legal-friction score 45/100 (high).
Data confidence
Overall: medium (70/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Clear signal to pass. Time better spent elsewhere unless you have a specific strategic angle.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredKey financials
1 year extracted from filed iXBRL accountsFinancials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2022-12-31 |
|---|---|
| Total assets | £474.2k |
| Current assets | £2.23M |
| Cash | £314.4k |
| Debtors | £1.92M |
| Net assets | £384.7k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
1 signal detected in this company's narrative notes — going-concern language, audit opinion, contingent liabilities, related-party transactions.
Available from the Pro tier upwards.
See pricing →Recent activity
- • 1 insolvency
- • 1 insolvency
- • 1 insolvency
Corporate timeline (35 events)Click to expand
- 2026-04-09⚠️liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-dateinsolvency · LIQ03
- 2025-01-30📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2025-01-30⚠️liquidation-voluntary-statement-of-affairsinsolvency · LIQ02
- 2025-01-30⚠️liquidation-voluntary-appointment-of-liquidatorinsolvency · 600
- 2025-01-30📄resolutionresolution · RESOLUTIONS
- 2024-12-04📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-12-04📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-12-04🔓Charge satisfied #4
- 2024-12-04🔓Charge satisfied #3
- 2024-11-26📄change-person-director-company-with-change-dateofficers · CH01
- 2024-11-25✏️certificate-change-of-name-companychange-of-name · CERTNM
- 2024-10-24📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-10-23📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2024-10-03➖SMITH, Nicola Jane resignedsecretary
- 2024-10-03📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-09-04📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-09-03📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-09-03📄change-person-director-company-with-change-dateofficers · CH01
- 2024-09-03📄change-person-secretary-company-with-change-dateofficers · CH03
- 2024-07-06📄gazette-filings-brought-up-to-dategazette · DISS40
- 2024-07-02📄gazette-notice-compulsorygazette · GAZ1
- 2023-09-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-05-09📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2022-05-09📄change-person-secretary-company-with-change-dateofficers · CH03
- 2021-12-30🔒Charge registered #4Lender: Marketfinance Limited
- 2018-12-24🔓Charge satisfied #1
- 2016-07-14🔒Charge registered #3Lender: Hsbc Bank PLC
- 2015-07-10🔓Charge satisfied #2
- 2013-11-25➖HOPKINS, Carl resigneddirector
- 2012-12-24🔒Charge registered #2Lender: Working Capital Partners LTD
- 2012-06-19🔒Charge registered #1Lender: Lindab Limited
- 2012-06-01➕HOPKINS, Carl appointeddirector
- 2008-04-11🏢Company incorporatedAs 06562942 LTD
- 2008-04-11➕SMITH, Stephen Alexander appointeddirector
- 2008-04-11➕SMITH, Nicola Jane appointedsecretary
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 18 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
4 high · 2 med · 1 lowStatutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.
Evidence: Next due: 2024-09-30
Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.
Evidence: Next due: 2025-11-06
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: 2026-04-09: liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date; 2025-01-30: liquidation-voluntary-statement-of-affairs
Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Name changes can be benign (rebrand) but can also precede distress, phoenix activity, or buyer concealment.
Evidence: 2024-11-25: certificate-change-of-name-company
Multiple address changes in a short period can indicate operational instability or admin disorder.
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Steve Alexander Smith Individual · British · DOB 06/1970 · age 56 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 09/04/2017 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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12 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 (1 active · 2 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Marketfinance Marketfinance Limited | A registered charge | — | 30/12/2021 | 04/12/2024 | |
| satisfied | HSBC Hsbc Bank PLC | A registered charge | 1 property | 14/07/2016 | 04/12/2024 | |
| satisfied | Working Capital Partners Working Capital Partners LTD | Debenture | 1 property | 24/12/2012 | 10/07/2015 | |
| satisfied | Lindab Lindab Limited | Rent deposit deed | 1 property | 19/06/2012 | 24/12/2018 |