ZONE ENGINEERING LIMITED
Opportunity 34/100 (pass), bankability 2/100. Strong seller-intent signal (63/100, director aged 73). Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: asset disposal / carve-out (90/100). Current lenders should be on immediate intervention.
Refinance opportunity
8 live charges · 3 lenders · oldest 46.0y
Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.
- · Oldest live charge is 46.0 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Legal-friction score 55/100 (high).
Data confidence
Overall: low (46/100)Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.
Clear signal to pass. Time better spent elsewhere unless you have a specific strategic angle.
Recent activity
Corporate timeline (38 events)Click to expand
- 1994-02-17⚠️liquidation-compulsory-winding-up-orderinsolvency · COCOMP
- 1993-04-21📄legacyannual-return · 363x
- 1992-09-29📄legacymortgage · 403a
- 1992-09-29📄legacymortgage · 403a
- 1992-09-29📄legacymortgage · 403a
- 1992-09-29🔓Charge satisfied #4
- 1992-09-29🔓Charge satisfied #3
- 1992-09-29🔓Charge satisfied #2
- 1992-07-16📄accounts-with-accounts-type-fullaccounts · AA
- 1992-05-14📄legacymortgage · 403a
- 1992-04-29📄legacyannual-return · 363x
- 1992-02-28📄legacymortgage · 403a
- 1992-02-28📄legacymortgage · 403a
- 1992-02-28📄legacymortgage · 403a
- 1992-02-28🔓Charge satisfied #1
- 1992-02-21📍legacyaddress · 287
- 1992-02-21📄legacyofficers · 288
- 1992-02-08📄legacymortgage · 403a
- 1991-11-19📄legacymortgage · 403a
- 1991-09-30📄accounts-with-accounts-type-fullaccounts · AA
- 1991-07-12📄legacyannual-return · 363a
- 1990-11-27📄legacymortgage · 395
- 1990-11-26🔒Charge registered #8Lender: Eagle Star Insurance Company Limited
- 1990-05-22📄legacyannual-return · 363
- 1990-04-19📄legacymortgage · 395
- 1990-04-12🔒Charge registered #7Lender: National Westminster Bank PLC
- 1990-04-11📄accounts-with-accounts-type-fullaccounts · AA
- 1990-02-12📄legacymortgage · 395
- 1990-02-08🔒Charge registered #6Lender: National Westminster Bank PLC
- 1989-10-02📄legacyannual-return · 363
- 1989-09-04📄accounts-with-accounts-type-fullaccounts · AA
- 1988-08-31📄legacymortgage · 395
- 1988-08-18🔒Charge registered #5Lender: Eagle Star Insurance Company Limited
- 1987-05-29🔒Charge registered #4Lender: Barclays Bank PLC
- 1986-04-25🔒Charge registered #3Lender: Barclays Bank PLC
- 1982-01-08🔒Charge registered #2Lender: Barclays Bank PLC
- 1980-06-19🔒Charge registered #1Lender: Barclays Bank PLC
- 1977-04-12🏢Company incorporatedAs ZONE ENGINEERING LIMITED
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Sole director: Only one active director — all governance concentrated on one person.
- +Founder age: Director aged approximately 73 — succession pressure is live.
- +No director turnover: Company is 49 years old with no director changes — suggests a very tight-knit founder team never broadened.
Succession & seller-readiness
Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
- primaryFounder aged 70+: Senior director is approximately 73 years old. Natural succession window is now.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- secondaryStable-but-static management: Company is 49 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
4 high · 1 med ·Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.
Evidence: Next due: 1997-03-31
Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.
Evidence: Next due: 2017-05-02
Company is actively being wound up. Not a going concern.
Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 1994-02-17: liquidation-compulsory-winding-up-order
Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
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14 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 (2 active · 0 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Eagle Star Insurance Company Eagle Star Insurance Company Limited | Mortgage & further charge | 1 property | 26/11/1990 | — | |
| outstanding | National Westminster Bank National Westminster Bank PLC | Legal mortgage | 1 property | 12/04/1990 | — | |
| outstanding | National Westminster Bank National Westminster Bank PLC | Debenture | 1 property | 08/02/1990 | — | |
| outstanding | Eagle Star Insurance Company Eagle Star Insurance Company Limited | Legal charge | 1 property | 18/08/1988 | — | |
| satisfied | Barclays Barclays Bank PLC | Legal charge | 1 property | 29/05/1987 | 29/09/1992 | |
| satisfied | Barclays Barclays Bank PLC | Corporate mortgage | 1 property | 25/04/1986 | 29/09/1992 | |
| satisfied | Barclays Barclays Bank PLC | Corporate mortgage | 1 property | 08/01/1982 | 29/09/1992 | |
| satisfied | Barclays Barclays Bank PLC | Debenture | 1 property | 19/06/1980 | 28/02/1992 |