TRW SYSTEMS LIMITED
⚰️Wound downdissolved
00352824 · ltd · incorporated 1939-05-10
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
49/100
Watch
What this business does
Primary activity: SIC 29320
Sector: Manufacturing
Investor take
Pass (distressed without resilience)Distressed unclear — structural issues outweigh the discount.
Opportunity 49/100 (watch), bankability 52/100. Strong seller-intent signal (73/100, director aged 65). Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: Consolidate lender relationships. 8 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (38/100). Current lenders should be on monthly review.
🏦
Refinance opportunity
8 live charges · 8 lenders · oldest 24.5y
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 24.5 years old — likely at or near maturity.
- · 8 lenders named — inter-creditor friction likely.
- · Legal-friction score 50/100 (high).
Data confidence
Overall: medium (60/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Company profile
address, 1 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
8 charges (8/8 with lender, 8/8 with type)
90
Directors & officers
48 officers (2 active, 48 linked, 40 with DOB)
87
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
256 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
49/100Watch
PassWatchWorth a lookStrongExceptional
Not actionable now, but monitor — distressed, succession, or structural changes could flip this into a real opportunity.
Business quality
10
Concerning — overdue filings or status flags present.
Acquirability
75
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 (130 events)Click to expand
- 2024-10-04⚠️gazette-dissolved-liquidationgazette · GAZ2
- 2024-10-04🏁Company dissolved
- 2024-07-04⚠️liquidation-voluntary-members-return-of-final-meetinginsolvency · LIQ13
- 2023-08-05⚠️liquidation-voluntary-declaration-of-solvencyinsolvency · LIQ01
- 2023-07-19📄resolutionresolution · RESOLUTIONS
- 2023-07-19📄memorandum-articlesincorporation · MA
- 2023-07-13📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2023-07-13⚠️liquidation-voluntary-appointment-of-liquidatorinsolvency · 600
- 2023-07-13📄resolutionresolution · RESOLUTIONS
- 2023-07-12📄memorandum-articlesincorporation · MA
- 2023-07-12📄resolutionresolution · RESOLUTIONS
- 2023-07-03📄statement-of-companys-objectschange-of-constitution · CC04
- 2023-05-24📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-05-24📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-05-24🔓Charge satisfied #7
- 2023-05-24🔓Charge satisfied #3
- 2023-05-16📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-05-16🔓Charge satisfied #1
- 2023-04-05📄accounts-with-accounts-type-dormantaccounts · AA
- 2022-10-31📄appoint-person-director-company-with-name-dateofficers · AP01
- 2022-10-26➕PANASER, Bal appointeddirector
- 2022-10-18📄termination-director-company-with-name-termination-dateofficers · TM01
- 2022-10-14➖LAKIE, Peter Ross resigneddirector
- 2022-09-22📄accounts-with-accounts-type-fullaccounts · AA
- 2022-04-14➖MCQUEEN, Alastair Malcolm resigneddirector
- 2022-04-14📄termination-director-company-with-name-termination-dateofficers · TM01
- 2021-11-23➕LAKIE, Peter Ross appointeddirector
- 2021-11-23📄appoint-person-director-company-with-name-dateofficers · AP01
- 2021-11-09📄termination-director-company-with-name-termination-dateofficers · TM01
- 2021-11-04📄accounts-with-accounts-type-fullaccounts · AA
- 2021-10-30➖BRAITHWAITE, Julia Anne resigneddirector
- 2020-12-31➖SHATTOCK, Daniel Edward resigneddirector
- 2020-02-10🔓Charge satisfied #8
- 2020-02-10🔓Charge satisfied #6
- 2020-02-10🔓Charge satisfied #5
- 2020-02-10🔓Charge satisfied #4
- 2020-02-10🔓Charge satisfied #2
- 2020-02-03➖CHITTKA, Fritz resigneddirector
- 2020-02-03➖WAY, Michael John resigneddirector
- 2019-10-02➖PEGG, Jane resignedsecretary
- 2018-05-22➕BRAITHWAITE, Julia Anne appointeddirector
- 2018-03-31➖JANKOWSKI, Mark William resigneddirector
- 2017-09-04➕MCQUEEN, Alastair Malcolm appointeddirector
- 2017-08-31➖FURBER, Martin Christopher resigneddirector
- 2016-09-30➖GWOZDZ, Maciej Dominik resigneddirector
- 2015-09-30➕JANKOWSKI, Mark William appointeddirector
- 2015-09-30➖RAPIN, Peter Richard resigneddirector
- 2015-06-30➖LECHNER, Reinhard resigneddirector
- 2015-05-14➕CHITTKA, Fritz appointeddirector
- 2015-05-14➕SHATTOCK, Daniel Edward appointeddirector
Showing most recent 50 of 130 events
Owner dependency
73/100
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.
- +Founder age: Director aged approximately 65 — succession pressure is live.
Succession & seller-readiness
71/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- primaryFounder aged 63+: Senior director is approximately 65. Approaching typical UK retirement age — succession thinking likely.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- secondaryStable-but-static management: Company is 87 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 2024-10-04
4 insolvency-related filings on record
highFilings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2024-10-04: gazette-dissolved-liquidation; 2024-07-04: 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.
Group structure
Trw U.K. Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Trw U.K. Limited
Corporate parent · holds 75-100% shares · board control
⬇
TRW SYSTEMS LIMITED
This company · 00352824
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 |
|---|---|---|---|---|
Trw U.K. Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 06/04/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
🔒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 · Manufacturing · B postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| A.M.M.E. LIMITED→ 01603560 · est 1981 · no financials extracted | — | — | — | — | 44y | — | — |
| A.PERRY LTD→ 00363827 · est 1940 · no financials extracted | — | — | — | — | 85y | — | — |
| ALUCA UK LTD.→ 16552699 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| AM EXTRACTIONS & CANOPY VENTILATION LTD→ 16663426 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| AM TUTOR SERVICES LIMITED→ 05794350 · est 2006 · no financials extracted | — | — | — | — | 19y | — | — |
| AMPHENOL INVOTEC LIMITED→ 01994112 · est 1986 · no financials extracted | — | — | — | — | 40y | — | — |
| ANCIENTSOAPS LTD→ 16297701 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| ANCO CATALYSTS LIMITED→ 02209284 · est 1987 · no financials extracted | — | — | — | — | 38y | — | — |
| AND PRODUCTS LIMITED→ 11812551 · est 2019 · no financials extracted | — | — | — | — | 7y | — | — |
| ANDEL PLASTICS LIMITED→ 01227515 · est 1975 · no financials extracted | — | — | — | — | 50y | — | — |
| ANDERSON ENGINEERING LIMITED→ 06379914 · est 2007 · no financials extracted | — | — | — | — | 18y | — | — |
| ANDREWS & ELMES ENGINEERING LIMITED→ 01292074 · est 1976 · no financials extracted | — | — | — | — | 49y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
10 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
Incorporated1939-05-10
Jurisdictionengland-wales
Primary SIC29320 — SIC 29320
Registered office
C/O Begbies Traynor, 8th Floor
One Temple Row
Birmingham
B2 5LG
Filing status
Accounts
Next due: —
Last made up to: 2022-12-31
Confirmation statement
Next due: —
Last: 2024-04-30
Officers (0 active · 46 resigned)
BATTERBEE, Stephen Mark→
Activedirector · ~59y · appointed 2015-01-01
View their other companies + combined net worth →
PANASER, Bal→
Activedirector · ~65y · appointed 2022-10-26
View their other companies + combined net worth →
BALL, Richard→
Resignedsecretary · resigned 1992-07-31
DE FEO, Caterina→
Resignedsecretary · appointed 2000-05-15 · resigned 2000-12-15
FULTON, Robert Andrew→
Resignedsecretary · appointed 2000-12-15 · resigned 2001-01-30
GREGG, Rhona→
Resignedsecretary · appointed 2001-01-30 · resigned 2004-05-13
HALL, Melanie Jane→
Resignedsecretary · appointed 2004-11-10 · resigned 2008-10-31
HOWELL, William Ernest David→
Resignedsecretary · appointed 1992-08-01 · resigned 2000-05-15
LAMBOURNE, Alan Robert→
Resignedsecretary · appointed 2004-05-13 · resigned 2004-11-10
PEGG, Jane→
Resignedsecretary · appointed 2008-10-31 · resigned 2019-10-02
ALMOND, Paul Martin→
Resigneddirector · ~71y · appointed 2003-03-13 · resigned 2012-12-31
BALL, Richard→
Resigneddirector · ~82y · resigned 1992-07-31
BARNES, Scott Martin→
Resigneddirector · ~78y · appointed 1995-08-16 · resigned 2000-01-18
BASSETT, Anthony→
Resigneddirector · ~78y · appointed 2010-01-20 · resigned 2014-12-31
BLANKENSTEIN, Bernd, Doctor→
Resigneddirector · ~88y · appointed 1996-06-10 · resigned 1998-08-04
BRAITHWAITE, Julia Anne→
Resigneddirector · ~59y · appointed 2018-05-22 · resigned 2021-10-30
BULLOCK, Frederick Harry→
Resigneddirector · ~78y · appointed 2001-03-20 · resigned 2003-02-24
CHITTKA, Fritz→
Resigneddirector · ~67y · appointed 2015-05-14 · resigned 2020-02-03
DEGEN, Michael Gunther→
Resigneddirector · ~69y · appointed 2010-08-09 · resigned 2014-11-07
ELMS, Barry Albert→
Resigneddirector · ~73y · appointed 2007-12-07 · resigned 2010-08-09
Click a director name to see their full track record across all companies.
Mortgages & charges
8
Total charges
0
Outstanding
0
Active lenders
Status:Lender:8 of 8 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Jpmorgan Chase Bank, N.A. as the Collateral Agent | Security agreement | 1 property | 27/02/2013 | 10/02/2020 | |
| satisfied | Barclays Barclays Bank PLC | Fixed charge on non- vesting debts and non- vesting debts | 1 property | 23/04/2008 | 24/05/2023 | |
| satisfied | Jp Morgan Chase Bank, N.A. (The Collateral Agent) | Supplemental legal mortgage | 1 property | 30/10/2007 | 10/02/2020 | |
| satisfied | J P Morgan Chase Bank Na (The Collateral Agent) | Security agreement | 1 property | 07/08/2007 | 10/02/2020 | |
| satisfied | Jp Morgan Chase Bank, N.A. (As the Collateral Agent) | Security agreement | 4 properties | 04/01/2005 | 10/02/2020 | |
| satisfied | Barclays Barclays Bank PLC (The Security Holder) | Fixed charge on non-vesting debts | 1 property | 05/11/2004 | 24/05/2023 | |
| satisfied | Jp Morgan Chase Bank | Security agreement | 3 properties | 28/02/2003 | 10/02/2020 | |
| satisfied | Kenley Press Kenley Press Limited | Rent deposit deed | 1 property | 04/02/2002 | 16/05/2023 |
Recent filings (256 total)
gazette-dissolved-liquidation
gazette · GAZ2
2024-10-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-22
liquidation-voluntary-members-return-of-final-meeting
insolvency · LIQ13
2024-07-04
liquidation-voluntary-declaration-of-solvency
insolvency · LIQ01
2023-08-05
resolution
resolution · RESOLUTIONS
2023-07-19
memorandum-articles
incorporation · MA
2023-07-19
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-07-13
liquidation-voluntary-appointment-of-liquidator
insolvency · 600
2023-07-13
resolution
resolution · RESOLUTIONS
2023-07-13
memorandum-articles
incorporation · MA
2023-07-12
resolution
resolution · RESOLUTIONS
2023-07-12
statement-of-companys-objects
change-of-constitution · CC04
2023-07-03
mortgage-satisfy-charge-full
mortgage · MR04
2023-05-24
mortgage-satisfy-charge-full
mortgage · MR04
2023-05-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-16