00338579 LIMITED
Opportunity 48/100 (watch), bankability 42/100. Strong seller-intent signal (63/100, director aged 86). Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: Consolidate lender relationships. 4 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
7 live charges · 4 lenders · oldest 68.2y
Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.
- · Oldest live charge is 68.2 years old — likely at or near maturity.
- · 4 lenders named — inter-creditor friction likely.
- · Legal-friction score 55/100 (high).
Data confidence
Overall: low (47/100)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 (44 events)Click to expand
- 2014-01-07📄gazette-dissolved-compulsorygazette · GAZ2
- 2014-01-07🏁Company dissolved
- 2013-09-24📄gazette-notice-compulsorygazette · GAZ1
- 2010-11-04📄restoration-order-of-courtrestoration · AC92
- 2006-10-31📄gazette-dissolved-compulsorygazette · GAZ2
- 2006-07-18📄gazette-notice-compulsorygazette · GAZ1
- 2006-03-03⚠️liquidation-receiver-abstract-of-receipts-and-paymentsinsolvency · 3.6
- 2006-03-03⚠️legacyinsolvency · 405(2)
- 2005-03-30⚠️liquidation-receiver-abstract-of-receipts-and-paymentsinsolvency · 3.6
- 2004-04-05⚠️liquidation-receiver-abstract-of-receipts-and-paymentsinsolvency · 3.6
- 2003-04-22⚠️liquidation-receiver-abstract-of-receipts-and-paymentsinsolvency · 3.6
- 2002-03-28⚠️liquidation-receiver-abstract-of-receipts-and-paymentsinsolvency · 3.6
- 2001-07-04📄legacyofficers · 288b
- 2001-06-19➖BODE, Cedric Charles resigneddirector
- 2001-06-12⚠️liquidation-receiver-statement-of-affairsinsolvency · 3.3
- 2001-06-01⚠️liquidation-receiver-administrative-receivers-reportinsolvency · 3.10
- 2001-04-05⚠️legacyinsolvency · 405(1)
- 2001-04-02📍legacyaddress · 287
- 2001-01-11📄legacyannual-return · 363s
- 2001-01-11📄legacyannual-return · 363(288)
- 2000-10-31📄accounts-with-accounts-type-fullaccounts · AA
- 2000-07-14📄legacyofficers · 288b
- 2000-07-10➖BODE, Carl Ferdinand resigneddirector
- 2000-03-31📄legacyofficers · 288a
- 2000-03-31📄legacyofficers · 288b
- 2000-03-24➕LORD, Julian appointedsecretary
- 2000-03-24➖BELFIELD, John Edwin resignedsecretary
- 2000-02-14📄legacyannual-return · 363s
- 1999-07-06📄accounts-with-accounts-type-fullaccounts · AA
- 1999-03-09📄legacyannual-return · 363s
- 1998-09-05🔓Charge satisfied #4
- 1998-02-13🔓Charge satisfied #3
- 1998-02-13🔓Charge satisfied #1
- 1998-02-06🔓Charge satisfied #2
- 1997-04-22🔒Charge registered #7Lender: National Westminster Bank PLC
- 1997-04-08🔒Charge registered #6Lender: National Westminster Bank PLC
- 1997-04-08🔒Charge registered #5Lender: National Westminster Bank PLC
- 1993-08-08➖BODE, Marjorie resigneddirector
- 1991-12-04➖BODE, Eric resigneddirector
- 1991-03-21🔒Charge registered #4Lender: Barclays Bank PLC
- 1983-03-16🔒Charge registered #3Lender: Barclays Bank PLC
- 1974-08-13🔒Charge registered #2Lender: Barclays Bank LTD
- 1958-04-22🔒Charge registered #1Lender: Martins Bank LTD
- 1938-03-30🏢Company incorporatedAs 00338579 LIMITED
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Founder age: Director aged approximately 86 — 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 86 years old. Natural succession window is now.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- secondaryStable-but-static management: Company is 88 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
2 high · 1 med ·Company has been dissolved — it no longer legally exists. Any diligence here is historical only.
Evidence: Dissolved on 2014-01-07
Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2006-03-03: liquidation-receiver-abstract-of-receipts-and-payments; 2006-03-03: legacy
Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
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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 (0 active · 5 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 | Mortgage debenture | 1 property | 22/04/1997 | — | |
| outstanding | National Westminster Bank National Westminster Bank PLC | Legal mortgage | 2 properties | 08/04/1997 | — | |
| outstanding | National Westminster Bank National Westminster Bank PLC | Legal mortgage | 1 property | 08/04/1997 | — | |
| satisfied | Barclays Barclays Bank PLC | Legal charge | 1 property | 21/03/1991 | 05/09/1998 | |
| satisfied | Barclays Barclays Bank PLC | Debenture | 1 property | 16/03/1983 | 13/02/1998 | |
| satisfied | Barclays Barclays Bank LTD | Legal charge | 1 property | 13/08/1974 | 06/02/1998 | |
| satisfied | Martins Bank Martins Bank LTD | Debenture | 1 property | 22/04/1958 | 13/02/1998 |