00198709 LIMITED
Opportunity 35/100 (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
5 live charges · 3 lenders · oldest 47.2y
Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.
- · Oldest live charge is 47.2 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Legal-friction score 55/100 (high).
Data confidence
Overall: low (49/100)Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.
Not actionable now, but monitor — distressed, succession, or structural changes could flip this into a real opportunity.
Recent activity
Corporate timeline (48 events)Click to expand
- 2025-10-03⚠️order-of-court-restoration-previously-creditors-voluntary-liquidationinsolvency · REST-CVL
- 2025-10-03✏️certificate-change-of-name-companychange-of-name · CERTNM
- 2016-03-31⚠️gazette-dissolved-liquidationgazette · GAZ2
- 2015-12-31⚠️liquidation-voluntary-creditors-return-of-final-meetinginsolvency · 4.72
- 2013-11-26⚠️liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-dateinsolvency · 4.68
- 2012-11-30⚠️liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-dateinsolvency · 4.68
- 2012-06-14📍change-registered-office-address-company-with-date-old-addressaddress · AD01
- 2011-11-24⚠️liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-dateinsolvency · 4.68
- 2010-09-30⚠️liquidation-voluntary-statement-of-affairs-with-form-attachedinsolvency · 4.20
- 2010-09-30⚠️liquidation-voluntary-appointment-of-liquidatorinsolvency · 600
- 2010-09-30📄resolutionresolution · RESOLUTIONS
- 2010-09-20⚠️legacyinsolvency · LQ01
- 2010-09-14📍change-registered-office-address-company-with-date-old-addressaddress · AD01
- 2010-06-10📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2010-06-10📄change-person-director-company-with-change-dateofficers · CH01
- 2010-06-10📄change-person-director-company-with-change-dateofficers · CH01
- 2010-06-10📄change-person-director-company-with-change-dateofficers · CH01
- 2009-07-25📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2009-06-19📄legacyannual-return · 363a
- 2009-01-29📄legacyofficers · 288b
- 2009-01-28📄legacyofficers · 288a
- 2009-01-28📄legacyofficers · 288a
- 2009-01-28📄legacyofficers · 288a
- 2009-01-20➕MASON, Christopher William appointedsecretary
- 2009-01-20➕MASON, Sarah Catherine appointeddirector
- 2009-01-20➕MASON, Victoria Rachel appointeddirector
- 2009-01-15📄legacyannual-return · 363a
- 2008-11-28➖MASON, Suzanne Elizabeth resignedsecretary
- 2008-11-28➖MASON, Suzanne Elizabeth resigneddirector
- 2008-11-20📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2002-03-06🔓Charge satisfied #3
- 2002-03-06🔓Charge satisfied #2
- 2002-03-06🔓Charge satisfied #1
- 2002-03-04➕MASON, Christopher William appointeddirector
- 2002-03-04➖BOARDMAN, James William resignedsecretary
- 2002-03-04➕MASON, Christopher William appointedsecretary
- 2002-03-04➖MASON, Christopher William resignedsecretary
- 2002-03-04➕MASON, Suzanne Elizabeth appointedsecretary
- 2002-03-04➖BOARDMAN, Alan resigneddirector
- 2002-03-04➖BOARDMAN, James William resigneddirector
- 2002-03-04➕MASON, Suzanne Elizabeth appointeddirector
- 2002-03-04🔒Charge registered #5Lender: National Westminster Bank PLC
- 2002-03-04🔒Charge registered #4Lender: National Westminster Bank PLC
- 1998-09-29➖BOARDMAN, Horace resigneddirector
- 1981-10-27🔒Charge registered #3Lender: Williams & Glyn's Bank Limited
- 1979-02-26🔒Charge registered #2Lender: Williams & Glyns Bank LTD
- 1979-02-26🔒Charge registered #1Lender: Williams & Glyns Bank LTD
- 1924-06-18🏢Company incorporatedAs 00198709 LIMITED
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Long-tenure founder: Senior director has been in place 24 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 73 — succession pressure is live.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
- primaryFounder aged 70+: Senior director is approximately 73 years old. Natural succession window is now.
- primary20+ year tenure: Director in role 24 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 102 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
4 high · 2 med ·Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.
Evidence: Next due: 2010-12-31
Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.
Evidence: Next due: 2017-06-13
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: 2025-10-03: order-of-court-restoration-previously-creditors-voluntary-liquidation; 2016-03-31: gazette-dissolved-liquidation
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: 2025-10-03: 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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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 (4 active · 7 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | National Westminster Bank National Westminster Bank PLC | Legal charge | 3 properties | 04/03/2002 | — | |
| outstanding | National Westminster Bank National Westminster Bank PLC | Debenture | 1 property | 04/03/2002 | — | |
| satisfied | Williams & Glyn's Bank Williams & Glyn's Bank Limited | Debenture | 1 property | 27/10/1981 | 06/03/2002 | |
| satisfied | Williams & Glyns Bank Williams & Glyns Bank LTD | Legal charge | 2 properties | 26/02/1979 | 06/03/2002 | |
| satisfied | Williams & Glyns Bank Williams & Glyns Bank LTD | Legal charge | 1 property | 26/02/1979 | 06/03/2002 |