GALLIC SHIPPING LIMITED
⚰️Wound downdissolved
00293575 · ltd · incorporated 1934-10-31
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
50/100
Worth a look
What this business does
Primary activity: SIC 7415
Sector: Professional, scientific & technical
Investor take
Pass (distressed without resilience)Distressed unclear — structural issues outweigh the discount.
Opportunity 50/100 (worth a look), bankability 32/100. Strong seller-intent signal (78/100, director aged 81). Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: Consolidate lender relationships. 11 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: asset disposal / carve-out (45/100). Current lenders should be on monthly review.
🏦
Refinance opportunity
15 live charges · 9 lenders · oldest 50.1y
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 50.1 years old — likely at or near maturity.
- · 9 lenders named — inter-creditor friction likely.
- · Legal-friction score 75/100 (specialist).
Data confidence
Overall: low (50/100)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
15 charges (15/15 with lender, 15/15 with type)
90
Directors & officers
17 officers (3 active, 17 linked, 13 with DOB)
85
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
6 connected companies via shared directors
63
Filing history
117 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
50/100Worth 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
80
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 (76 events)Click to expand
- 2010-07-13⚠️gazette-dissolved-liquidationgazette · GAZ2
- 2010-07-13🏁Company dissolved
- 2010-04-13⚠️liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-dateinsolvency · 4.68
- 2010-04-13⚠️liquidation-voluntary-members-return-of-final-meetinginsolvency · 4.71
- 2010-02-02⚠️liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-dateinsolvency · 4.68
- 2009-02-08⚠️liquidation-voluntary-declaration-of-solvencyinsolvency · 4.70
- 2009-02-08⚠️liquidation-voluntary-appointment-of-liquidatorinsolvency · 600
- 2009-02-08📄resolutionresolution · RESOLUTIONS
- 2009-02-08📍legacyaddress · 287
- 2008-12-10📄legacyannual-return · 363a
- 2007-12-07📄legacyannual-return · 363a
- 2007-10-27📍legacyaddress · 287
- 2007-10-26📄accounts-with-accounts-type-fullaccounts · AA
- 2007-02-05📄legacyofficers · 288b
- 2007-02-01📄accounts-with-accounts-type-mediumaccounts · AA
- 2007-01-24➖GAULT, Christopher John Hamilton resigneddirector
- 2007-01-02📄legacyannual-return · 363a
- 2006-05-18📄legacyofficers · 288a
- 2006-04-27📄legacyofficers · 288b
- 2006-04-13➕GAULT, Jonathan James Leslie appointedsecretary
- 2006-04-13➖PATEL, Bihesh resignedsecretary
- 2006-01-05📄legacyannual-return · 363a
- 2005-12-22📄legacyofficers · 288c
- 2005-11-30📄accounts-with-accounts-type-fullaccounts · AA
- 2005-09-29📄legacymortgage · 403a
- 2005-09-29📄legacymortgage · 403a
- 2005-09-29📄legacymortgage · 403a
- 2005-09-29📄legacymortgage · 403a
- 2005-09-29📄legacymortgage · 403a
- 2005-09-29🔓Charge satisfied #14
- 2005-09-29🔓Charge satisfied #13
- 2005-09-29🔓Charge satisfied #12
- 2005-09-29🔓Charge satisfied #11
- 2005-09-29🔓Charge satisfied #7
- 2005-09-29🔓Charge satisfied #6
- 2005-09-29🔓Charge satisfied #5
- 2005-09-29🔓Charge satisfied #4
- 2005-09-29🔓Charge satisfied #3
- 2005-09-29🔓Charge satisfied #2
- 2005-09-29🔓Charge satisfied #1
- 2005-09-01🔒Charge registered #15Lender: Forty Eight Shelf (149) Limited
- 2004-07-08➖MILNER, Keith resignedsecretary
- 2004-07-08➕PATEL, Bihesh appointedsecretary
- 2004-03-02➕GAULT, Jonathan James Leslie appointeddirector
- 2003-12-05➖TRECHMAN, Gavin resigneddirector
- 2003-10-30➕MILNER, Keith appointedsecretary
- 2003-10-30➖SAVADIA, Nitin Devchand resignedsecretary
- 2003-10-30➖SAVADIA, Nitin Devchand resigneddirector
- 2003-10-17➖THORNTON, Adrian Heber resigneddirector
- 2003-09-24➖DE COURCY IRELAND, Jonathan Laurence Stanley resigneddirector
Showing most recent 50 of 76 events
Owner dependency
83/100
Critical — business is the founderThe business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
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 24 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 81 — succession pressure is live.
Succession & seller-readiness
96/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 81 years old. Natural succession window is now.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- primary20+ year tenure: Director in role 24 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 92 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 2010-07-13
6 insolvency-related filings on record
highFilings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2010-07-13: gazette-dissolved-liquidation; 2010-04-13: liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date
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 · RG postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| 10TEN LTD→ 15752573 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| 10X COACH LTD→ 15074850 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| 12ADVANCE LTD→ 15828654 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| 134 LABS LIMITED→ 16914513 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| 180 BUSINESS SOLUTIONS LTD→ 12743615 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| 21ST CENTURY AV LTD→ 03700669 · est 1999 · no financials extracted | — | — | — | — | 27y | — | — |
| 272BIO LIMITED→ 12062536 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| 3 MADS UK LIMITED→ 16611741 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| 3D AVIONICS LTD→ 10571234 · est 2017 · no financials extracted | — | — | — | — | 9y | — | — |
| 3FOLD PRAXIS LTD→ 14231999 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| 3P GLOBAL SERVICES LTD→ 10054422 · est 2016 · no financials extracted | — | — | — | — | 10y | — | — |
| 3RD VISION BUSINESS CONSULTANCY UK LTD→ 12014593 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
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 →🔒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
Incorporated1934-10-31
Jurisdictionengland-wales
Primary SIC7415 — SIC 7415
Registered office
Aquarium
1-7 King Street
Reading
Berkshire
RG12 7GJ
Filing status
Accounts
Next due: —
Last made up to: 2007-03-31
Confirmation statement
Next due: —
Last: —
Officers (0 active · 14 resigned)
GAULT, Jonathan James Leslie→
Activesecretary · appointed 2006-04-13
View their other companies + combined net worth →
FAIRHURST, George Trevor St John→
Activedirector · ~80y · appointed 2002-10-16
View their other companies + combined net worth →
GAULT, Jonathan James Leslie→
Activedirector · ~81y · appointed 2004-03-02
View their other companies + combined net worth →
MILNER, Keith→
Resignedsecretary · appointed 2003-10-30 · resigned 2004-07-08
PATEL, Bihesh→
Resignedsecretary · appointed 2004-07-08 · resigned 2006-04-13
SAVADIA, Nitin Devchand→
Resignedsecretary · resigned 2003-10-30
BROWN, James David Denholm→
Resigneddirector · ~94y · resigned 2002-11-11
DE COURCY IRELAND, Jonathan Laurence Stanley→
Resigneddirector · ~67y · appointed 2002-01-24 · resigned 2003-09-24
FRANKLIN, Jonathan Michael→
Resigneddirector · ~84y · appointed 1994-06-24 · resigned 2000-12-22
GAULT, Christopher John Hamilton→
Resigneddirector · ~88y · resigned 2007-01-24
GAULT, David Hamilton→
Resigneddirector · ~98y · resigned 2003-03-26
GAULT, Simon Angus Graham Leslie→
Resigneddirector · ~83y · resigned 2003-09-01
SAVADIA, Nitin Devchand→
Resigneddirector · ~72y · appointed 1991-12-06 · resigned 2003-10-30
TATTERSALL, John Richard→
Resigneddirector · ~97y · resigned 1995-06-30
THORNTON, Adrian Heber→
Resigneddirector · ~89y · resigned 2003-10-17
THORNTON, Margaret Marion Gwendolen→
Resigneddirector · ~121y · resigned 1997-10-01
TRECHMAN, Gavin→
Resigneddirector · ~84y · appointed 1998-12-04 · resigned 2003-12-05
Click a director name to see their full track record across all companies.
Mortgages & charges
15
Total charges
4
Outstanding
2
Active lenders
Status:Lender:15 of 15 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Forty Eight Shelf (149) Forty Eight Shelf (149) Limited | Charge over shares | 2 properties | 01/09/2005 | — | |
| satisfied | The British Linen Bank The British Linen Bank Limited | Bank account charge | 1 property | 12/03/1998 | 29/09/2005 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Counter indemnity of customer incorporating a legal charge over cash | 1 property | 07/07/1997 | 29/09/2005 | |
| satisfied | Guiness Mahon and Co Guiness Mahon and Co LTD | Charge | 1 property | 01/03/1991 | 29/09/2005 | |
| satisfied | Scandinavian Bank Group Scandinavian Bank Group PLC | Pledge agreement | 1 property | 23/09/1988 | 29/09/2005 | |
| outstanding | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Mortgage | 1 property | 13/05/1985 | — | |
| outstanding | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Deed of covenant | 1 property | 13/05/1985 | — | |
| outstanding | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Statutory mortgage | 1 property | 23/11/1983 | — | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Deed of covenants | 1 property | 17/11/1983 | 29/09/2005 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Financial agreement | 1 property | 17/11/1976 | 29/09/2005 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Financial agreement | 1 property | 17/11/1976 | 29/09/2005 | |
| satisfied | Nationale-Nederlander Scheepshypotheek Bank N.V. / Scheepshypotheek Bank Nederland N.V. | Deed of covenant | 1 property | 11/06/1976 | 29/09/2005 | |
| satisfied | Nationale-Nederlander Scheepshypotheek Bank N.V. / Scheepshypotheek Bank Nederland N. V. | Statutory mortgage | 1 property | 11/06/1976 | 29/09/2005 | |
| satisfied | Schupshypsiheek Bank Nedereland N.V.See Doc for Detaisl | Deed of covenant | 1 property | 02/04/1976 | 29/09/2005 | |
| satisfied | Schupshypsiheek Bank Nederland N.V.See Doc for Details | Statutory mortgage | 1 property | 02/04/1976 | 29/09/2005 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (117 total)
gazette-dissolved-liquidation
gazette · GAZ2
2010-07-13
liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date
insolvency · 4.68
2010-04-13
liquidation-voluntary-members-return-of-final-meeting
insolvency · 4.71
2010-04-13
liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date
insolvency · 4.68
2010-02-02
liquidation-voluntary-declaration-of-solvency
insolvency · 4.70
2009-02-08
liquidation-voluntary-appointment-of-liquidator
insolvency · 600
2009-02-08
resolution
resolution · RESOLUTIONS
2009-02-08
legacy
address · 287
2009-02-08
legacy
annual-return · 363a
2008-12-10
legacy
annual-return · 363a
2007-12-07
legacy
address · 287
2007-10-27
accounts-with-accounts-type-full
accounts · AA
2007-10-26
legacy
officers · 288b
2007-02-05
accounts-with-accounts-type-medium
accounts · AA
2007-02-01
legacy
annual-return · 363a
2007-01-02