WHITE CROSS LIMITED

⚰️Wound downdissolved
01537610 · ltd · incorporated 1981-01-08
Investment thesis
Company dissolved — not a live target.
Why interesting: Historical record only; useful for precedent research.
Why risky: Not transactable.
Why now
Window steady · high confidence
Thesis has shifted recently — watch for confirmation.
  • · Lifecycle stage: mature → wound-down
  • · Investment thesis: well_run_hard_buy → unclassified
  • · Company status: active → dissolved
  • · Opportunity score: 69 → 51
Opportunity decay
softening · 6-months
Softening — cumulative signals suggest this becomes more negotiable over the next 3–6 months.
  • · 5 recent signals weakening vs 0 strengthening
What changed my view
Last 30 days

Picture worsened over the last 30 days — 5 negative signals vs 0 positive.

  • Lifecycle stage: maturewound-down
  • ·Investment thesis: well_run_hard_buyunclassified
  • Company status: activedissolved
  • Deal-killer verdict: cleanhigh-friction
  • Opportunity score: 6951
  • +1 more
Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value
Upgrade to see
Turnover
not disclosed
Net worth
book net assets
Opportunity
51/100
Worth a look
🔔
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What this business does
Primary activity: SIC 99999
Sector: Extraterritorial bodies
Investor take
Pass (distressed without resilience)
Distressed unclear — structural issues outweigh the discount.

Opportunity 51/100 (worth a look), bankability 62/100. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (50/100).

🏦

Refinance opportunity

3 live charges · 3 lenders · oldest 54.4y

35/100
too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

  • · Oldest live charge is 54.4 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Legal-friction score 40/100 — 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.

Company profile
address, 1 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
22 officers (3 active, 22 linked, 14 with DOB)
83
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
17 connected companies via shared directors
90
Filing history
180 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
51/100Worth a look
PassWatchWorth a lookStrongExceptional 

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality
30
Concerning — overdue filings or status flags present.
Acquirability
50
Some acquirability indicators.
Risk profile
49
Multiple red flags — proceed with caution.
Signal strength
100
Good data coverage for analysis.

Recent activity

Last 30 days
1
filing
  • 1 gazette
Last 90 days
1
filing
  • 1 gazette
Last 180 days
8
filings
  • 2 gazette
  • 2 accounts
  • 2 other
Counts from Companies House filing history.
Corporate timeline (63 events)Click to expand
  1. 2026-05-12
    📄
    gazette-dissolved-voluntary
    gazette · GAZ2(A)
  2. 2026-05-12
    🏁
    Company dissolved
  3. 2026-02-24
    📄
    gazette-notice-voluntary
    gazette · GAZ1(A)
  4. 2026-02-13
    📄
    dissolution-application-strike-off-company
    dissolution · DS01
  5. 2026-01-04
    📄
    accounts-with-accounts-type-audit-exemption-subsiduary
    accounts · AA
  6. 2026-01-04
    📄
    legacy
    accounts · PARENT_ACC
  7. 2026-01-04
    📄
    legacy
    other · GUARANTEE2
  8. 2026-01-04
    📄
    legacy
    other · AGREEMENT2
  9. 2025-03-25
    📄
    legacy
    capital · SH20
  10. 2025-03-25
    📄
    capital-statement-capital-company-with-date-currency-figure
    capital · SH19
  11. 2025-03-25
    ⚠️
    legacy
    insolvency · CAP-SS
  12. 2025-03-25
    📄
    resolution
    resolution · RESOLUTIONS
  13. 2024-11-05
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  14. 2024-11-01
    ANGELL, Marc Anthony appointed
    director
  15. 2024-10-31
    JAMES, Paul Anthony resigned
    director
  16. 2024-10-31
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  17. 2024-10-17
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  18. 2024-01-07
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  19. 2023-10-04
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  20. 2023-10-04
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  21. 2023-09-19
    JAMES, Paul Anthony appointed
    director
  22. 2023-09-19
    BIFFA CORPORATE SERVICES LIMITED resigned
    corporate-director
  23. 2023-06-22
    PARSONS, Sarah appointed
    secretary
  24. 2023-06-22
    📄
    appoint-person-secretary-company-with-name-date
    officers · AP03
  25. 2023-04-14
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  26. 2023-03-31
    PIKE, Richard Neil resigned
    director
  27. 2022-12-23
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  28. 2018-09-28
    TOPHAM, Michael Robert Mason appointed
    director
  29. 2018-09-28
    PIKE, Richard Neil appointed
    director
  30. 2018-09-28
    WAKELIN, Ian Raymond resigned
    director
  31. 2017-06-14
    WAKELIN, Ian Raymond appointed
    director
  32. 2016-12-09
    WOODWARD, Keith resigned
    secretary
  33. 2016-12-09
    WOODWARD, Keith resigned
    director
  34. 2012-07-03
    ELLSON, Hilary Myra resigned
    secretary
  35. 2011-10-12
    BIFFA CORPORATE SERVICES LIMITED appointed
    corporate-director
  36. 2011-10-12
    HALES WASTE CONTROL LIMITED resigned
    corporate-director
  37. 2011-08-02
    PONE, Culdip Kelly Caur resigned
    director
  38. 2010-08-03
    JENNINGS, Paul Willis resigned
    director
  39. 2010-05-28
    HORBACH, Jan Andreas Leonardus resigned
    director
  40. 2010-02-12
    HORBACH, Jan Andreas Leonardus appointed
    director
  41. 2010-02-12
    JENNINGS, Paul Willis appointed
    director
  42. 2009-01-26
    PONE, Culdip Kelly Caur appointed
    director
  43. 2008-11-27
    LOWTH, Timothy Walter John resigned
    director
  44. 2008-11-27
    WOODWARD, Keith appointed
    director
  45. 2008-07-31
    CLARK, William Alexander Frank resigned
    secretary
  46. 2008-07-31
    ELLSON, Hilary Myra appointed
    secretary
  47. 2008-07-31
    WOODWARD, Keith appointed
    secretary
  48. 2008-03-31
    BETTINGTON, Martin John resigned
    director
  49. 2008-03-31
    HALES WASTE CONTROL LIMITED appointed
    corporate-director
  50. 2006-01-25
    🔓
    Charge satisfied #3
Showing most recent 50 of 63 events

Owner dependency

58/100
Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.

Succession & seller-readiness

36/100
Weak signal

Limited succession signal. Not a near-term off-market candidate.

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

Red flags

2 high ·
Company dissolved
high

Company has been dissolved — it no longer legally exists. Any diligence here is historical only.

Evidence: Dissolved on 2026-05-12

1 insolvency-related filing on record
high

Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.

Evidence: 2025-03-25: legacy

Group structure

Biffa Corporate Holdings Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Biffa Corporate Holdings Ltd
Corporate parent · holds 75-100% shares
ultimate parent
WHITE CROSS LIMITED
This company · 01537610

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%
NameSharesVoting rightsNature of controlNotified
Biffa Corporate Holdings Ltd
Corporate entity
75100%
75–100%75-100% shares · 75-100% voting06/04/2016

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 →

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

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 →
🔒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
Incorporated1981-01-08
Jurisdictionengland-wales
Primary SIC99999 — SIC 99999

Registered office

Coronation Road
Cressex
High Wycombe
Bucks.
HP12 3TZ

Filing status

Accounts
Next due:
Last made up to: 2025-03-31
Confirmation statement
Next due:
Last: 2026-01-05

Officers (0 active · 19 resigned)

PARSONS, Sarah
secretary · appointed 2023-06-22
View their other companies + combined net worth →
Active
ANGELL, Marc Anthony
director · ~46y · appointed 2024-11-01
View their other companies + combined net worth →
Active
TOPHAM, Michael Robert Mason
director · ~54y · appointed 2018-09-28
View their other companies + combined net worth →
Active
BELLHOUSE, Donald Geoffrey
secretary · resigned 1997-09-19
Resigned
CLARK, William Alexander Frank
secretary · appointed 1998-02-20 · resigned 2008-07-31
Resigned
ELLSON, Hilary Myra
secretary · appointed 2008-07-31 · resigned 2012-07-03
Resigned
HIDE, Susan Gaynor
secretary · appointed 1997-09-19 · resigned 1998-02-20
Resigned
WOODWARD, Keith
secretary · appointed 2008-07-31 · resigned 2016-12-09
Resigned
BELLAK, John George
director · ~96y · resigned 1994-03-31
Resigned
BELLHOUSE, Donald Geoffrey
director · ~94y · resigned 1997-09-19
Resigned
BETTINGTON, Martin John
director · ~74y · resigned 2008-03-31
Resigned
HORBACH, Jan Andreas Leonardus
director · ~64y · appointed 2010-02-12 · resigned 2010-05-28
Resigned
JAMES, Paul Anthony
director · ~59y · appointed 2023-09-19 · resigned 2024-10-31
Resigned
JENNINGS, Paul Willis
director · ~69y · appointed 2010-02-12 · resigned 2010-08-03
Resigned
LOWTH, Timothy Walter John
director · ~67y · appointed 2001-08-20 · resigned 2008-11-27
Resigned
PAUL, Roderick Sayers
director · ~91y · resigned 1995-04-30
Resigned
PIKE, Richard Neil
director · ~57y · appointed 2018-09-28 · resigned 2023-03-31
Resigned
PONE, Culdip Kelly Caur
director · ~56y · appointed 2009-01-26 · resigned 2011-08-02
Resigned
WAKELIN, Ian Raymond
director · ~63y · appointed 2017-06-14 · resigned 2018-09-28
Resigned
WOODWARD, Keith
director · ~72y · appointed 2008-11-27 · resigned 2016-12-09
Resigned

Click a director name to see their full track record across all companies.

Mortgages & charges

3
Total charges
1
Outstanding
1
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
satisfied
Barclays
Barclays Bank PLC
Debenture1 property02/11/198420/04/1993
outstanding
Lloyds Banking Group
Lloyds Bank PLC
Letter of set-off1 property11/02/1983
satisfied
Eagle Star Insurance Company
Eagle Star Insurance Company Limited
Mortgage pursuant to an order of court dated 22/10/861 property22/12/197125/01/2006
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (180 total)

gazette-dissolved-voluntary
gazette · GAZ2(A)
2026-05-12
gazette-notice-voluntary
gazette · GAZ1(A)
2026-02-24
dissolution-application-strike-off-company
dissolution · DS01
2026-02-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-19
accounts-with-accounts-type-audit-exemption-subsiduary
accounts · AA
2026-01-04
legacy
accounts · PARENT_ACC
2026-01-04
legacy
other · GUARANTEE2
2026-01-04
legacy
other · AGREEMENT2
2026-01-04
legacy
capital · SH20
2025-03-25
capital-statement-capital-company-with-date-currency-figure
capital · SH19
2025-03-25
legacy
insolvency · CAP-SS
2025-03-25
resolution
resolution · RESOLUTIONS
2025-03-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-06
appoint-person-director-company-with-name-date
officers · AP01
2024-11-05
termination-director-company-with-name-termination-date
officers · TM01
2024-10-31