TOWN & CITY POSTERS ADVERTISING LIMITED

⚰️Wound downdissolved
01624909 · ltd · incorporated 1982-03-26
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
52/100
Worth a look
🔔
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What this business does
Primary activity: Advertising agencies
Sector: Professional, scientific & technical
Investor take
Pass (distressed without resilience)
Distressed unclear — structural issues outweigh the discount.

Opportunity 52/100 (worth a look), bankability 52/100. Strong seller-intent signal (75/100, director aged 59). Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: Consolidate lender relationships. 5 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

5 live charges · 5 lenders · oldest 43.1y

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 43.1 years old — likely at or near maturity.
  • · 5 lenders named — inter-creditor friction likely.
  • · Legal-friction score 50/100 (high).

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
5 charges (5/5 with lender, 5/5 with type)
90
Directors & officers
23 officers (2 active, 23 linked, 16 with DOB)
84
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
16 connected companies via shared directors
90
Filing history
163 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
52/100Worth a look
PassWatchWorth a lookStrongExceptional 

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

Business quality
10
Concerning — overdue filings or status flags present.
Acquirability
85
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 (74 events)Click to expand
  1. 2024-03-12
    ⚠️
    gazette-dissolved-liquidation
    gazette · GAZ2
  2. 2024-03-12
    🏁
    Company dissolved
  3. 2023-12-12
    ⚠️
    liquidation-voluntary-members-return-of-final-meeting
    insolvency · LIQ13
  4. 2022-12-01
    ⚠️
    liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date
    insolvency · LIQ03
  5. 2022-05-12
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  6. 2021-10-29
    📍
    change-sail-address-company-with-new-address
    address · AD02
  7. 2021-10-13
    ⚠️
    liquidation-voluntary-declaration-of-solvency
    insolvency · LIQ01
  8. 2021-10-06
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  9. 2021-10-06
    ⚠️
    liquidation-voluntary-appointment-of-liquidator
    insolvency · 600
  10. 2021-10-06
    📄
    resolution
    resolution · RESOLUTIONS
  11. 2021-03-05
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  12. 2021-03-05
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  13. 2021-02-18
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  14. 2020-12-22
    📄
    legacy
    capital · SH20
  15. 2020-12-22
    📄
    capital-statement-capital-company-with-date-currency-figure
    capital · SH19
  16. 2020-12-22
    ⚠️
    legacy
    insolvency · CAP-SS
  17. 2020-12-22
    📄
    resolution
    resolution · RESOLUTIONS
  18. 2020-05-06
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  19. 2020-05-06
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  20. 2020-05-04
    ➕
    TOW, Adam Paul Raymond appointed
    director
  21. 2020-05-04
    ➖
    HOO, Byron Kee Chye resigned
    director
  22. 2019-10-03
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  23. 2018-10-03
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  24. 2018-01-11
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  25. 2017-01-20
    ➖
    ANDREWS, Nick resigned
    secretary
  26. 2017-01-20
    ➖
    ANDREWS, Nicholas James resigned
    director
  27. 2016-09-08
    ➕
    HOO, Byron Kee Chye appointed
    director
  28. 2016-08-25
    ➖
    BRENNAN, Suzanne Margaret resigned
    director
  29. 2016-02-03
    ➕
    BRENNAN, Suzanne Margaret appointed
    director
  30. 2012-04-05
    ➕
    ANDREWS, Nicholas James appointed
    director
  31. 2012-04-05
    ➖
    ATKINSON, Robert Nigel resigned
    director
  32. 2011-02-16
    ➕
    COCHRANE, Justin Malcolm Brian appointed
    director
  33. 2011-02-16
    ➖
    OLIVER, David Henry Maxwell resigned
    director
  34. 2008-03-10
    ➕
    ATKINSON, Robert Nigel appointed
    director
  35. 2008-03-10
    ➖
    BEVAN, Jonathan David resigned
    director
  36. 2006-04-10
    ➕
    BEVAN, Jonathan David appointed
    director
  37. 2006-04-10
    ➖
    FRANCE, Julie resigned
    director
  38. 2006-01-23
    ➕
    FRANCE, Julie appointed
    director
  39. 2006-01-23
    ➖
    SPRING, Stephanie resigned
    director
  40. 2005-12-19
    ➕
    ANDREWS, Nick appointed
    secretary
  41. 2005-12-19
    ➖
    EMENY, Selina Holliday resigned
    secretary
  42. 2000-12-01
    ➕
    EMENY, Selina Holliday appointed
    secretary
  43. 2000-12-01
    ➖
    MAUNDER, Timothy John resigned
    secretary
  44. 2000-11-10
    🔓
    Charge satisfied #5
  45. 2000-04-01
    ➕
    SPRING, Stephanie appointed
    director
  46. 2000-03-31
    ➖
    SMYTH, Peter Francis resigned
    director
  47. 2000-03-30
    ➖
    PATOFF, Jonathan Jack resigned
    director
  48. 1999-02-01
    ➕
    MAUNDER, Timothy John appointed
    secretary
  49. 1999-01-31
    ➖
    DAVIES, John Graeme resigned
    secretary
  50. 1998-09-30
    ➖
    TURNBULL, Brian Phipps resigned
    director
Showing most recent 50 of 74 events

Owner dependency

76/100
High — earn-out structure required

Material 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.
  • +Long-tenure founder: Senior director has been in place 15 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 59 — approaching natural succession window.

Succession & seller-readiness

69/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 59. Early succession window.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondary12+ year tenure: Director in role 15 years.
  • secondaryStable-but-static management: Company is 44 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
high

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

Evidence: Dissolved on 2024-03-12

6 insolvency-related filings on record
high

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

Evidence: 2024-03-12: gazette-dissolved-liquidation; 2023-12-12: liquidation-voluntary-members-return-of-final-meeting

Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Group structure

Clear Channel Overseas Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Clear Channel Overseas Limited
Corporate parent · holds 75-100% shares
ultimate parent
⬇
TOWN & CITY POSTERS ADVERTISING LIMITED
This company · 01624909

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
Clear Channel Overseas Limited
Corporate entity
75–100%
—75-100% shares03/03/2021
2 historic (ceased) PSCs
  • Tracemotion Limitedceased 11/01/2018· 75-100% shares
  • Clear Channel Uk Limitedceased 03/03/2021· 75-100% shares

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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🔒Tailored diligence questions

9 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
Incorporated1982-03-26
Jurisdictionengland-wales
Primary SIC73110 — Advertising agencies

Registered office

C/O Mazars Llp, 30
Old Bailey
London
EC4M 7AU

Filing status

Accounts
Next due: —
Last made up to: 2019-12-31
Confirmation statement
Next due: —
Last: —

Officers (0 active · 21 resigned)

COCHRANE, Justin Malcolm Brian→
director · ~54y · appointed 2011-02-16
View their other companies + combined net worth →
Active
TOW, Adam Paul Raymond→
director · ~59y · appointed 2020-05-04
View their other companies + combined net worth →
Active
ANDREWS, Nick→
secretary · appointed 2005-12-19 · resigned 2017-01-20
Resigned
DAVIES, John Graeme→
secretary · appointed 1998-05-15 · resigned 1999-01-31
Resigned
EMENY, Selina Holliday→
secretary · appointed 2000-12-01 · resigned 2005-12-19
Resigned
MAUNDER, Timothy John→
secretary · appointed 1999-02-01 · resigned 2000-12-01
Resigned
PATOFF, David→
secretary · appointed 1994-03-21 · resigned 1998-05-14
Resigned
PATOFF, Heather→
secretary · resigned 1994-03-21
Resigned
PATOFF, Jonathan Jack→
secretary · appointed 1998-05-14 · resigned 1998-05-15
Resigned
ANDREWS, Nicholas James→
director · ~53y · appointed 2012-04-05 · resigned 2017-01-20
Resigned
ATKINSON, Robert Nigel→
director · ~63y · appointed 2008-03-10 · resigned 2012-04-05
Resigned
BEVAN, Jonathan David→
director · ~55y · appointed 2006-04-10 · resigned 2008-03-10
Resigned
BRENNAN, Suzanne Margaret→
director · ~57y · appointed 2016-02-03 · resigned 2016-08-25
Resigned
FRANCE, Julie→
director · ~69y · appointed 2006-01-23 · resigned 2006-04-10
Resigned
HOO, Byron Kee Chye→
director · ~56y · appointed 2016-09-08 · resigned 2020-05-04
Resigned
OLIVER, David Henry Maxwell→
director · ~65y · appointed 1998-05-15 · resigned 2011-02-16
Resigned
PATOFF, Avril Bernice→
director · ~90y · resigned 1998-05-14
Resigned
PATOFF, David→
director · ~65y · appointed 1996-01-10 · resigned 1998-05-14
Resigned
PATOFF, Heather Rachelle→
director · ~71y · appointed 1994-04-15 · resigned 1998-05-15
Resigned
PATOFF, Jonathan Jack→
director · ~69y · resigned 2000-03-30
Resigned

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

Mortgages & charges

5
Total charges
0
Outstanding
0
Active lenders
Status:Lender:5 of 5 shown
TypeProperties
satisfied
National Westminster Bank
National Westminster Bank PLC
Mortgage debenture1 property10/09/199710/11/2000
satisfied
Lloyds Banking Group
Lloyds Bank PLC
Single debenture1 property10/10/199524/09/1997
satisfied
Credit Lyonnais Bank Nederland Nv.
Debenture1 property07/08/199002/02/1996
satisfied
Henry Patoff.
Debenture1 property27/07/198318/04/1994
satisfied
Algemene Bank Nederland Nv
Debenture1 property16/05/198318/04/1994

Recent filings (163 total)

gazette-dissolved-liquidation
gazette · GAZ2
2024-03-12
liquidation-voluntary-members-return-of-final-meeting
insolvency · LIQ13
2023-12-12
liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date
insolvency · LIQ03
2022-12-01
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-05-12
change-sail-address-company-with-new-address
address · AD02
2021-10-29
liquidation-voluntary-declaration-of-solvency
insolvency · LIQ01
2021-10-13
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2021-10-06
liquidation-voluntary-appointment-of-liquidator
insolvency · 600
2021-10-06
resolution
resolution · RESOLUTIONS
2021-10-06
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2021-03-05
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2021-03-05
accounts-with-accounts-type-dormant
accounts · AA
2021-02-18
confirmation-statement-with-updates
confirmation-statement · CS01
2021-01-13
legacy
capital · SH20
2020-12-22
capital-statement-capital-company-with-date-currency-figure
capital · SH19
2020-12-22