ERC FRANKONA REINSURANCE (III) LIMITED
⚰️Wound downdissolved
00216723 · ltd · incorporated 1926-10-09
Investment thesis
Company dissolved — not a live target.
Why interesting: Historical record only; useful for precedent research.
Why risky: Not transactable.
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
52/100
Worth a look
What this business does
Primary activity: SIC 7499
Sector: Professional, scientific & technical
Investor take
Pass (distressed without resilience)Distressed unclear — structural issues outweigh the discount.
Opportunity 52/100 (worth a look), bankability 52/100. Strong seller-intent signal (75/100, director aged 63). Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (30/100). Current lenders should be on monthly review.
🏦
Refinance opportunity
3 live charges · 3 lenders · oldest 32.3y
25/100
too messy
Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.
- · Oldest live charge is 32.3 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Legal-friction score 50/100 (high).
Data confidence
Overall: low (52/100)Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.
Company profile
address, 1 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
37 officers (3 active, 37 linked, 30 with DOB)
86
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
11 connected companies via shared directors
78
Filing history
195 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
52/100Worth a look
PassWatchWorth a lookStrongExceptional
Mixed signal. Worth opening the full target workup before deciding to pursue.
Business quality
10
Concerning — overdue filings or status flags present.
Acquirability
85
Strong succession / seller-readiness signals.
Risk profile
41
Multiple red flags — proceed with caution.
Signal strength
100
Good data coverage for analysis.
Recent activity
Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (100 events)Click to expand
- 2015-04-23⚠️gazette-dissolved-liquidationgazette · GAZ2
- 2015-04-23🏁Company dissolved
- 2015-01-23⚠️liquidation-voluntary-members-return-of-final-meetinginsolvency · 4.71
- 2014-12-19⚠️liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-dateinsolvency · 4.68
- 2014-06-12⚠️liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-dateinsolvency · 4.68
- 2013-12-16⚠️liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-dateinsolvency · 4.68
- 2013-06-20⚠️liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-dateinsolvency · 4.68
- 2012-12-19⚠️liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-dateinsolvency · 4.68
- 2012-06-07⚠️liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-dateinsolvency · 4.68
- 2012-02-21⚠️liquidation-voluntary-appointment-of-liquidatorinsolvency · 600
- 2012-02-21⚠️liquidation-miscellaneousinsolvency · LIQ MISC
- 2012-02-21⚠️liquidation-voluntary-resignation-liquidatorinsolvency · 4.33
- 2011-12-16⚠️liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-dateinsolvency · 4.68
- 2011-06-15⚠️liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-dateinsolvency · 4.68
- 2011-02-28⚠️liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-dateinsolvency · 4.68
- 2011-02-28⚠️liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-dateinsolvency · 4.68
- 2009-12-07⚠️liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-dateinsolvency · 4.68
- 2008-12-09📍legacyaddress · 287
- 2008-12-09📄legacyofficers · 288a
- 2008-12-08⚠️liquidation-voluntary-appointment-of-liquidatorinsolvency · 600
- 2008-12-08⚠️liquidation-voluntary-declaration-of-solvencyinsolvency · 4.70
- 2008-12-08📄resolutionresolution · RESOLUTIONS
- 2008-12-01📄legacyofficers · 288b
- 2008-11-24➕TITCHENER, Alan John appointeddirector
- 2008-11-24➖CARROLL, Timothy Joseph resigneddirector
- 2008-08-13📄accounts-with-accounts-type-fullaccounts · AA
- 2008-05-09📄legacyannual-return · 363a
- 2008-05-08📄legacyofficers · 288b
- 2008-04-01➕TITCHENER, Alan John appointedsecretary
- 2008-03-31➖LEWIS, Sarah resignedsecretary
- 2008-01-01➕LEWIS, Sarah appointedsecretary
- 2007-12-21➖POOLE, Tracey Anne resignedsecretary
- 2007-06-27➕LYONS, Michael Patrick appointeddirector
- 2007-05-31➖BOUSFIELD, Clare Jane resigneddirector
- 2006-10-26🔓Charge satisfied #3
- 2006-08-08➕BOUSFIELD, Clare Jane appointeddirector
- 2006-07-31➖HAYWARD, Duncan Leigh resigneddirector
- 2006-06-21➕HAYWARD, Duncan Leigh appointeddirector
- 2006-06-12➖DEMARTIN, Paolo resigneddirector
- 2006-05-11🔓Charge satisfied #2
- 2006-01-19🔓Charge satisfied #1
- 2004-10-25➕DEMARTIN, Paolo appointeddirector
- 2004-10-01➖BROWN, Eamon Stanley resigneddirector
- 2004-09-22➕CARROLL, Timothy Joseph appointeddirector
- 2004-07-09➖O'DONNELL, Ciaran resigneddirector
- 2003-10-31➕O'DONNELL, Ciaran appointeddirector
- 2003-08-31➖SADOLIN, Annette resigneddirector
- 2003-07-31➖CAMPBELL, Glen resigneddirector
- 2002-10-01➖FINK, Bernhard Christof resigneddirector
- 2002-06-28➖CARROLL, Timothy Joseph resigneddirector
Showing most recent 50 of 100 events
Owner dependency
76/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Long-tenure founder: Senior director has been in place 19 years — deep operational knowledge concentrated in one person.
- +Senior director age: Director aged approximately 63 — approaching natural succession window.
Succession & seller-readiness
79/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 63+: Senior director is approximately 63. Approaching typical UK retirement age — succession thinking likely.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- secondary12+ year tenure: Director in role 19 years.
- secondaryStable-but-static management: Company is 100 years old and no new directors in the last 3 years — succession not yet being planned internally.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
2 high · 1 med ·Company dissolved
highCompany has been dissolved — it no longer legally exists. Any diligence here is historical only.
Evidence: Dissolved on 2015-04-23
18 insolvency-related filings on record
highFilings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2015-04-23: gazette-dissolved-liquidation; 2015-01-23: liquidation-voluntary-members-return-of-final-meeting
Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
🔒Co-director network graph
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
See pricing →Similar companies
Active · Professional services · EC postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| ACCELERATED SEATING LIMITED→ 15768799 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| ACCELERATINGCFO LTD→ 14016002 · est 2022 · no financials extracted | — | — | — | — | 4y | — | — |
| ACCELL LTD→ 11870098 · est 2019 · no financials extracted | — | — | — | — | 7y | — | — |
| ACCENTURE (UK) LIMITED→ 04757301 · est 2003 · no financials extracted | — | — | — | — | 22y | — | — |
| ACCESS CAPITAL MARKETS LIMITED→ 09082759 · est 2014 · no financials extracted | — | — | — | — | 11y | — | — |
| ACCET PRO LTD→ 16488312 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| ACCIDENT & EMERGENCY AGENCY LIMITED→ 05927852 · est 2006 · no financials extracted | — | — | — | — | 19y | — | — |
| ACCLIVITY ADVISORS LTD→ 11807045 · est 2019 · no financials extracted | — | — | — | — | 7y | — | — |
| ACCLY TAX & ACCOUNTING LTD→ 16768423 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| ACCOFF SOLUTIONS LTD→ 10388143 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| ACCOMMODATE CONSULTING LTD→ 16213142 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| ACCORD ASSOCIATES LTD→ 11946522 · est 2019 · no financials extracted | — | — | — | — | 7y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
9 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 →🔒Advanced scoring suite
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
Statusdissolved
Typeltd
Incorporated1926-10-09
Jurisdictionengland-wales
Primary SIC7499 — SIC 7499
Registered office
30 Finsbury Square
London
EC2P 2YU
Filing status
Accounts
Next due: —
Last made up to: 2007-12-31
Confirmation statement
Next due: —
Last: —
Officers (0 active · 34 resigned)
TITCHENER, Alan John→
Activesecretary · appointed 2008-04-01
View their other companies + combined net worth →
LYONS, Michael Patrick→
Activedirector · ~63y · appointed 2007-06-27
View their other companies + combined net worth →
TITCHENER, Alan John→
Activedirector · ~61y · appointed 2008-11-24
View their other companies + combined net worth →
BARTON, Peter Patrick→
Resignedsecretary · appointed 1994-09-01 · resigned 1999-08-12
HALSE, Patricia→
Resignedsecretary · appointed 1999-08-12 · resigned 2001-04-27
LANCASTER, David Arthur→
Resignedsecretary · appointed 1993-07-19 · resigned 1994-09-01
LEWIS, Sarah→
Resignedsecretary · appointed 2008-01-01 · resigned 2008-03-31
POOLE, Tracey Anne→
Resignedsecretary · appointed 2001-04-27 · resigned 2007-12-21
WILTSHIRE, James Anthony→
Resignedsecretary · resigned 1993-07-19
BLACKEBY, Peter George→
Resigneddirector · ~77y · appointed 1998-07-09 · resigned 1999-08-28
BOUSFIELD, Clare Jane→
Resigneddirector · ~58y · appointed 2006-08-08 · resigned 2007-05-31
BROWN, Eamon Stanley→
Resigneddirector · ~70y · appointed 2002-06-12 · resigned 2004-10-01
CAMPBELL, Glen→
Resigneddirector · ~60y · appointed 2002-02-22 · resigned 2003-07-31
CARROLL, Timothy Joseph→
Resigneddirector · ~71y · appointed 2004-09-22 · resigned 2008-11-24
CARROLL, Timothy Joseph→
Resigneddirector · ~71y · appointed 1999-03-26 · resigned 2002-06-28
COATES, Clive Frederick→
Resigneddirector · ~82y · resigned 1999-03-04
CONNELLY, John Matthew→
Resigneddirector · ~84y · appointed 1999-03-04 · resigned 2001-04-02
DEMARTIN, Paolo→
Resigneddirector · ~57y · appointed 2004-10-25 · resigned 2006-06-12
DOWLING, John Patrick→
Resigneddirector · ~82y · appointed 1993-07-12 · resigned 1994-02-11
FINK, Bernhard Christof→
Resigneddirector · ~77y · appointed 1999-03-04 · resigned 2002-10-01
Click a director name to see their full track record across all companies.
Mortgages & charges
3
Total charges
0
Outstanding
0
Active lenders
Status:Lender:3 of 3 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Citibank, N.A. | A security agreement | 1 property | 20/11/1998 | 26/10/2006 | |
| satisfied | Citibank Na. | Deposit agreement | 1 property | 16/05/1994 | 11/05/2006 | |
| satisfied | Citibank,N.A. | A security agreement | 1 property | 04/03/1994 | 19/01/2006 |
Recent filings (195 total)
gazette-dissolved-liquidation
gazette · GAZ2
2015-04-23
liquidation-voluntary-members-return-of-final-meeting
insolvency · 4.71
2015-01-23
liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date
insolvency · 4.68
2014-12-19
liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date
insolvency · 4.68
2014-06-12
liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date
insolvency · 4.68
2013-12-16
liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date
insolvency · 4.68
2013-06-20
liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date
insolvency · 4.68
2012-12-19
liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date
insolvency · 4.68
2012-06-07
liquidation-voluntary-appointment-of-liquidator
insolvency · 600
2012-02-21
liquidation-miscellaneous
insolvency · LIQ MISC
2012-02-21
liquidation-voluntary-resignation-liquidator
insolvency · 4.33
2012-02-21
liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date
insolvency · 4.68
2011-12-16
liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date
insolvency · 4.68
2011-06-15
liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date
insolvency · 4.68
2011-02-28
liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date
insolvency · 4.68
2011-02-28