08020242 LIMITED
- · Oldest live charge 11.4y old — refinance window within 12 months
Opportunity 35/100 (watch), bankability 30/100. 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
1 live charge · oldest 11.4y
Refinance viable after a tidy-up — address the highlighted items first.
- · Oldest live charge is 11.4 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Legal-friction score 35/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (73/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Not actionable now, but monitor — distressed, succession, or structural changes could flip this into a real opportunity.
Signals from accounts
Derived from iXBRL accounts · FRS 102Key financials
1 year extracted from filed iXBRL accountsFinancials
Extracted from Companies House accounts · FRS 102| Metric | 2022-01-31 |
|---|---|
| Total assets | £1.92M |
| Current assets | £1.98M |
| Cash | £71.3k |
| Debtors | £1.91M |
| Net assets | £1.85M |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
3 signals 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
Corporate timeline (24 events)Click to expand
- 2026-01-05⚠️liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-dateinsolvency · LIQ03
- 2024-11-09⚠️liquidation-voluntary-declaration-of-solvencyinsolvency · LIQ01
- 2024-11-09⚠️liquidation-voluntary-appointment-of-liquidatorinsolvency · 600
- 2024-11-09📄resolutionresolution · RESOLUTIONS
- 2024-11-05📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-10-24✏️certificate-change-of-name-companychange-of-name · CERTNM
- 2024-08-17📄gazette-filings-brought-up-to-dategazette · DISS40
- 2024-07-02📄gazette-notice-compulsorygazette · GAZ1
- 2024-01-15📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-01-15🔓Charge satisfied #1
- 2023-10-23📄change-account-reference-date-company-previous-extendedaccounts · AA01
- 2022-10-26📄accounts-with-accounts-type-groupaccounts · AA
- 2021-12-03📄accounts-with-accounts-type-groupaccounts · AA
- 2021-01-29📄accounts-with-accounts-type-groupaccounts · AA
- 2019-10-29📄accounts-with-accounts-type-groupaccounts · AA
- 2018-11-05📄accounts-with-accounts-type-groupaccounts · AA
- 2018-04-16📄notification-of-a-person-with-significant-control-statementpersons-with-significant-control · PSC08
- 2018-04-16📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2018-04-16📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2014-11-24🔒Charge registered #1Lender: Barclays Bank PLC
- 2012-04-04🏢Company incorporatedAs 08020242 LIMITED
- 2012-04-04➕RILEY, Michael John appointedsecretary
- 2012-04-04➕RILEY, Michael John appointeddirector
- 2012-04-04➕SANDERSON, Neil appointeddirector
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Senior director age: Director aged approximately 58 — approaching natural succession window.
Succession & seller-readiness
Some succession indicators present. Worth watching; approach if sector/strategy fits.
- secondaryFounder aged 58+: Senior director is approximately 58. Early succession window.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- secondary12+ year tenure: Director in role 14 years.
Red flags
4 high · 1 med ·Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.
Evidence: Next due: 2024-04-30
Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.
Evidence: Next due: 2025-04-18
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: 2026-01-05: liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date; 2024-11-09: liquidation-voluntary-declaration-of-solvency
Name changes can be benign (rebrand) but can also precede distress, phoenix activity, or buyer concealment.
Evidence: 2024-10-24: certificate-change-of-name-company
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
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11 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 (3 active · 0 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Barclays Barclays Bank PLC | A registered charge | — | 24/11/2014 | 15/01/2024 |