LUCAS LIMITED
Opportunity 58/100 (worth a look), bankability 72/100. Strong seller-intent signal (75/100, director aged 64). Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (73/100).
Refinance opportunity
4 live charges · 4 lenders · oldest 23.2y
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 23.2 years old — likely at or near maturity.
- · 4 lenders named — inter-creditor friction likely.
- · Legal-friction score 30/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (61/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Mixed signal. Worth opening the full target workup before deciding to pursue.
Recent activity
Corporate timeline (78 events)Click to expand
- 2020-11-24📄gazette-dissolved-voluntarygazette · GAZ2(A)
- 2020-11-24🏁Company dissolved
- 2020-09-08📄gazette-notice-voluntarygazette · GAZ1(A)
- 2020-08-28📄dissolution-application-strike-off-companydissolution · DS01
- 2020-08-04📄capital-statement-capital-company-with-date-currency-figurecapital · SH19
- 2020-08-04📄legacycapital · SH20
- 2020-08-04📄resolutionresolution · RESOLUTIONS
- 2020-08-04⚠️legacyinsolvency · CAP-SS
- 2020-03-03📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2020-02-10📄mortgage-satisfy-charge-fullmortgage · MR04
- 2020-02-10📄mortgage-satisfy-charge-fullmortgage · MR04
- 2020-02-10📄mortgage-satisfy-charge-fullmortgage · MR04
- 2020-02-10📄mortgage-satisfy-charge-fullmortgage · MR04
- 2020-02-10🔓Charge satisfied #4
- 2020-02-10🔓Charge satisfied #3
- 2020-02-10🔓Charge satisfied #2
- 2020-02-10🔓Charge satisfied #1
- 2020-01-21📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC05
- 2019-10-28📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2019-10-02➖PEGG, Jane resignedsecretary
- 2019-09-20📄accounts-with-accounts-type-dormantaccounts · AA
- 2018-07-18📄accounts-with-accounts-type-dormantaccounts · AA
- 2017-09-06📄appoint-person-director-company-with-name-dateofficers · AP01
- 2017-09-04➕MCQUEEN, Alastair Malcolm appointeddirector
- 2017-09-04📄termination-director-company-with-name-termination-dateofficers · TM01
- 2017-09-04📄accounts-with-accounts-type-dormantaccounts · AA
- 2017-08-31➖FURBER, Martin Christopher resigneddirector
- 2016-10-05📄accounts-with-accounts-type-dormantaccounts · AA
- 2016-09-29📄change-person-director-company-with-change-dateofficers · CH01
- 2013-02-27🔒Charge registered #4Lender: Jpmorgan Chase Bank, N.A. as the Collateral Agent
- 2010-08-09➖ELMS, Barry Albert resigneddirector
- 2010-08-09➕FURBER, Martin Christopher appointeddirector
- 2010-01-12➕BATTERBEE, Stephen Mark appointeddirector
- 2009-12-31➖PLUMLEY, Graham Thomas resigneddirector
- 2008-10-31➖HALL, Melanie Jane resignedsecretary
- 2008-10-31➕PEGG, Jane appointedsecretary
- 2008-03-31➕ELMS, Barry Albert appointeddirector
- 2008-03-31➖NEOGY, Abhijit Robi resigneddirector
- 2007-08-07🔒Charge registered #3Lender: J P Morgan Chase Bank Na (The Collateral Agent)
- 2005-01-04🔒Charge registered #2Lender: Jp Morgan Chase Bank, N.A. (As the Collateral Agent)
- 2004-11-10➕HALL, Melanie Jane appointedsecretary
- 2004-11-10➖LAMBOURNE, Alan Robert resignedsecretary
- 2004-05-13➖GREGG, Rhona resignedsecretary
- 2004-05-13➕LAMBOURNE, Alan Robert appointedsecretary
- 2003-02-28🔒Charge registered #1Lender: Jp Morgan Chase Bank
- 2003-02-26➖WEIGAND, Kathleen A resignedsecretary
- 2003-02-26➖GOLDSTON, David Barry resigneddirector
- 2003-02-26➖VARGO, Ronald Paul resigneddirector
- 2003-01-06➕PLUMLEY, Graham Thomas appointeddirector
- 2001-01-30➕GREGG, Rhona appointedsecretary
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Long-tenure founder: Senior director has been in place 16 years — deep operational knowledge concentrated in one person.
- +Senior director age: Director aged approximately 64 — approaching natural succession window.
Succession & seller-readiness
Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
- primaryFounder aged 63+: Senior director is approximately 64. 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 16 years.
- secondaryStable-but-static management: Company is 60 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 has been dissolved — it no longer legally exists. Any diligence here is historical only.
Evidence: Dissolved on 2020-11-24
Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2020-08-04: legacy
Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
Zf International Uk Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
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 |
|---|---|---|---|---|
Zf International Uk 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.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
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8 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 · 24 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Jpmorgan Chase Bank, N.A. as the Collateral Agent | Security agreement | 1 property | 27/02/2013 | 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 | 1 property | 04/01/2005 | 10/02/2020 | |
| satisfied | Jp Morgan Chase Bank | Security agreement | 1 property | 28/02/2003 | 10/02/2020 |