NOVAR (TWYFORDS) LIMITED
Opportunity 36/100 (watch), bankability 7/100. 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: asset disposal / carve-out (90/100). Current lenders should be on immediate intervention.
Refinance opportunity
3 live charges · 3 lenders · oldest 40.7y
Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.
- · Oldest live charge is 40.7 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Legal-friction score 60/100 (high).
Data confidence
Overall: medium (60/100)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.
Recent activity
- • 1 insolvency
Corporate timeline (54 events)Click to expand
- 2026-03-03⚠️liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-dateinsolvency · LIQ03
- 2025-01-20⚠️liquidation-voluntary-declaration-of-solvencyinsolvency · LIQ01
- 2025-01-20📄resolutionresolution · RESOLUTIONS
- 2025-01-13⚠️liquidation-voluntary-appointment-of-liquidatorinsolvency · 600
- 2023-11-07📄capital-statement-capital-company-with-date-currency-figurecapital · SH19
- 2023-11-07📄legacycapital · SH20
- 2023-11-07⚠️legacyinsolvency · CAP-SS
- 2023-11-07📄resolutionresolution · RESOLUTIONS
- 2023-07-06📄accounts-with-accounts-type-dormantaccounts · AA
- 2022-09-02📄accounts-with-accounts-type-dormantaccounts · AA
- 2021-06-24📄accounts-with-accounts-type-dormantaccounts · AA
- 2020-08-05📄termination-director-company-with-name-termination-dateofficers · TM01
- 2020-08-05📄appoint-person-director-company-with-name-dateofficers · AP01
- 2020-07-31➕MOUNZEO, Lazare appointeddirector
- 2020-07-31➖SARAF, Ashish Kumar resigneddirector
- 2020-05-29📄accounts-with-accounts-type-dormantaccounts · AA
- 2019-05-02📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2019-05-02📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2019-04-18📄accounts-with-accounts-type-dormantaccounts · AA
- 2017-02-13➖MCCORMACK, Stuart Robert resigneddirector
- 2017-02-13➕SARAF, Ashish Kumar appointeddirector
- 2016-10-07➖FRASER, Grant William resigneddirector
- 2016-10-07➕MCCORMACK, Stuart Robert appointeddirector
- 2016-01-29➖SISEC LIMITED resignedcorporate-secretary
- 2015-07-31➖LLOYD, Andrew Nigel resigneddirector
- 2015-02-03➕FRASER, Grant William appointeddirector
- 2015-02-03➖PROTHEROE, David Jason Lloyd resigneddirector
- 2013-06-01➖CARPENTER, Howard Frederick resigneddirector
- 2013-06-01➕LLOYD, Andrew Nigel appointeddirector
- 2010-08-02➕CARPENTER, Howard Frederick appointeddirector
- 2010-08-02➖RICHARDS, Allan resigneddirector
- 2008-06-30➖EPS SECRETARIES LIMITED resignedcorporate-secretary
- 2008-06-30➕SISEC LIMITED appointedcorporate-secretary
- 2005-09-30➖BURNINGHAM, Derek resigneddirector
- 2005-09-01➖BURNINGHAM, Derek resignedsecretary
- 2005-09-01➕EPS SECRETARIES LIMITED appointedcorporate-secretary
- 2005-06-30➖HOLLAND, Anthony Edward resigneddirector
- 2005-06-30➕PROTHEROE, David Jason Lloyd appointeddirector
- 2005-06-30➕RICHARDS, Allan appointeddirector
- 2003-04-11➕BURNINGHAM, Derek appointedsecretary
- 2003-04-11➖RICHARDSON, Karen resignedsecretary
- 2001-04-11➖YATES, Geoffrey Michael resigneddirector
- 1998-12-30➖WHEELER, Simon Crane resigneddirector
- 1998-05-19➕BURNINGHAM, Derek appointeddirector
- 1998-05-19➖WALKER, Timothy resigneddirector
- 1998-05-19➕WHEELER, Simon Crane appointeddirector
- 1994-06-01➖MONKS, Terence John resigneddirector
- 1994-05-31➕HOLLAND, Anthony Edward appointeddirector
- 1994-02-22➕RICHARDSON, Karen appointedsecretary
- 1993-12-06➖CAMERON, Ewen resignedsecretary
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.
- +Senior director age: Director aged approximately 59 — approaching natural succession window.
Succession & seller-readiness
Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.
- secondaryFounder aged 58+: Senior director is approximately 59. Early succession window.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- secondaryStable-but-static management: Company is 130 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
4 high ·Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.
Evidence: Next due: 2024-12-31
Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.
Evidence: Next due: 2025-05-15
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: 2026-03-03: liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date; 2025-01-20: liquidation-voluntary-declaration-of-solvency
Group structure
Novar Holdings Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
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 |
|---|---|---|---|---|
Novar Holdings Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 17/10/2018 |
1 historic (ceased) PSC
- Novar Building Products Limitedceased 17/10/2018· 75-100% shares · 75-100% voting · board control
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
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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 (1 active · 18 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | The Banksas Chargees See Doc Dated 24.11.86 for Further Details. | Composit guarantee & debenture | 1 property | 24/11/1986 | — | |
| outstanding | The Trustees of the General Electric Pansion Trust | Composite guarantee & debenture | 1 property | 23/10/1985 | — | |
| outstanding | The Bankssee Doc 203 for Further Details | Composite guarantee & debenture | 1 property | 23/10/1985 | — |