DALLAS CIGARETTE COMPANY LIMITED
- · Oldest live charge 42.1y old — refinance window within 12 months
Opportunity 53/100 (worth a look), bankability 55/100. Strong seller-intent signal (65/100, director aged 59). Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: Resolve: Company dissolved. Company has been dissolved — it no longer legally exists. Any diligence here is historical only. Most likely exit: share sale to pe / searcher (30/100). Current lenders should be on monthly review.
Refinance opportunity
1 live charge · oldest 42.1y
Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.
- · Oldest live charge is 42.1 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Legal-friction score 50/100 (high).
Data confidence
Overall: low (53/100)Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.
Mixed signal. Worth opening the full target workup before deciding to pursue.
Recent activity
Corporate timeline (56 events)Click to expand
- 2015-09-15⚠️gazette-dissolved-liquidationgazette · GAZ2
- 2015-09-15🏁Company dissolved
- 2015-06-15⚠️liquidation-voluntary-members-return-of-final-meetinginsolvency · 4.71
- 2014-08-11📄change-person-director-company-with-change-dateofficers · CH01
- 2014-08-07⚠️liquidation-voluntary-appointment-of-liquidatorinsolvency · 600
- 2014-07-29⚠️liquidation-voluntary-declaration-of-solvencyinsolvency · 4.70
- 2014-07-18📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2014-07-17📄resolutionresolution · RESOLUTIONS
- 2014-02-24📄appoint-person-secretary-company-with-nameofficers · AP03
- 2014-02-20📄accounts-with-accounts-type-dormantaccounts · AA
- 2014-02-14➕GRIFFITHS, Ann Elizabeth appointedsecretary
- 2013-10-29📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2013-06-06📄accounts-with-accounts-type-dormantaccounts · AA
- 2013-05-14📄termination-director-company-with-nameofficers · TM01
- 2013-05-14📄termination-secretary-company-with-nameofficers · TM02
- 2013-05-03➖CORDESCHI, Richard resignedsecretary
- 2013-05-03➖CORDESCHI, Richard resigneddirector
- 2012-11-30➕CORDESCHI, Richard appointedsecretary
- 2012-11-30📄appoint-person-secretary-company-with-nameofficers · AP03
- 2012-11-22➖RISECRETARIES LIMITED resignedcorporate-secretary
- 2012-11-22📄termination-secretary-company-with-nameofficers · TM02
- 2012-11-05📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2012-03-27📄accounts-with-accounts-type-dormantaccounts · AA
- 2011-10-19📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2011-10-19📄change-person-director-company-with-change-dateofficers · CH01
- 2011-10-19📍move-registers-to-registered-office-companyaddress · AD04
- 2011-05-19📄accounts-with-accounts-type-dormantaccounts · AA
- 2011-02-07➕DALE, Steven Glyn appointeddirector
- 2011-02-07➖CASEY, Robert James resigneddirector
- 2011-02-07➕CORDESCHI, Richard appointeddirector
- 2011-02-07➖STEYN, Charl Erasmus resigneddirector
- 2011-02-07📄termination-director-company-with-nameofficers · TM01
- 2011-02-07📄termination-director-company-with-nameofficers · TM01
- 2011-02-07📄appoint-person-director-company-with-nameofficers · AP01
- 2011-02-07📄appoint-person-director-company-with-nameofficers · AP01
- 2004-12-20➖POWELL, Christopher David resigneddirector
- 2002-08-30➖SALTER, Donald Neil Fred resigneddirector
- 2002-08-29➕CASEY, Robert James appointeddirector
- 2002-08-29➕POWELL, Christopher David appointeddirector
- 2002-08-29➕STEYN, Charl Erasmus appointeddirector
- 2002-03-28➖HENDERSHOT, Michael Lee resigneddirector
- 2000-11-30➖COOK, Philip Michael resigneddirector
- 1999-07-30➖KUZMINSKI, Witold Mieczyslaw resigneddirector
- 1999-07-26➕COOK, Philip Michael appointeddirector
- 1999-07-26➕HENDERSHOT, Michael Lee appointeddirector
- 1999-07-26➕SALTER, Donald Neil Fred appointeddirector
- 1998-04-06➕KUZMINSKI, Witold Mieczyslaw appointeddirector
- 1994-03-28➕RIDIRECTORS LIMITED appointedcorporate-director
- 1994-03-28➖RADBURN, John Alfred resignedsecretary
- 1994-03-28➕RISECRETARIES LIMITED appointedcorporate-secretary
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Founder name in company name: Company name contains director surname "LIMITED" — strong identity link between founder and business.
- +Long-tenure founder: Senior director has been in place 32 years — deep operational knowledge concentrated in one person.
- +Senior director age: Director aged approximately 59 — approaching natural succession window.
Succession & seller-readiness
Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
- secondaryFounder aged 58+: Senior director is approximately 59. Early succession window.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- primary20+ year tenure: Director in role 32 years. Very long tenure is a classic succession signal.
- 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 ·Company has been dissolved — it no longer legally exists. Any diligence here is historical only.
Evidence: Dissolved on 2015-09-15
Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2015-09-15: gazette-dissolved-liquidation; 2015-06-15: liquidation-voluntary-members-return-of-final-meeting
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
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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 →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 · 15 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Midland Bank Midland Bank PLC | Charge | 1 property | 17/05/1984 | — |