HOWARTH TIMBER ENGINEERING LIMITED
Opportunity 50/100 (worth a look), bankability 50/100. Strong seller-intent signal (63/100, director aged 71). 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
2 live charges · 2 lenders · oldest 22.4y
Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.
- · Oldest live charge is 22.4 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · 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 (52 events)Click to expand
- 2016-07-14⚠️gazette-dissolved-liquidationgazette · GAZ2
- 2016-07-14🏁Company dissolved
- 2016-04-14⚠️liquidation-voluntary-creditors-return-of-final-meetinginsolvency · 4.72
- 2015-05-11📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2015-04-23⚠️liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-dateinsolvency · 4.68
- 2015-03-02⚠️liquidation-voluntary-cease-to-act-as-liquidatorinsolvency · 4.40
- 2015-03-02⚠️liquidation-voluntary-appointment-of-liquidatorinsolvency · 600
- 2014-03-06⚠️liquidation-voluntary-statement-of-affairs-with-form-attachedinsolvency · 4.20
- 2014-03-06📄resolutionresolution · RESOLUTIONS
- 2014-02-20⚠️liquidation-voluntary-appointment-of-liquidatorinsolvency · 600
- 2014-01-30➖HOWARTH, Deborah Jane resigneddirector
- 2014-01-30➖HOWARTH, Julie Ann resigneddirector
- 2014-01-30➖NETHERTON-SINCLAIR, Jason David resigneddirector
- 2014-01-30📄termination-director-company-with-nameofficers · TM01
- 2014-01-30📄termination-director-company-with-nameofficers · TM01
- 2014-01-30📄termination-director-company-with-nameofficers · TM01
- 2013-12-20📄accounts-with-accounts-type-fullaccounts · AA
- 2013-08-23➖O'NEILL, Raymond Anthony resigneddirector
- 2013-08-23➖PROVAN, James Leadbetter resigneddirector
- 2013-08-23📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2013-08-23📄termination-director-company-with-nameofficers · TM01
- 2013-08-23📄termination-director-company-with-nameofficers · TM01
- 2012-12-19📄accounts-with-accounts-type-fullaccounts · AA
- 2012-08-01📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2012-01-13➕NETHERTON-SINCLAIR, Jason David appointeddirector
- 2012-01-13➖PRIME, Giles resigneddirector
- 2012-01-13➕PROVAN, James Leadbetter appointeddirector
- 2012-01-13📄appoint-person-director-company-with-nameofficers · AP01
- 2012-01-13📄appoint-person-director-company-with-nameofficers · AP01
- 2012-01-13📄termination-director-company-with-nameofficers · TM01
- 2012-01-09➖EVANS, John Macfadyen resigneddirector
- 2012-01-09📄termination-director-company-with-nameofficers · TM01
- 2011-12-16📄accounts-with-accounts-type-fullaccounts · AA
- 2011-08-16📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2010-12-23📄accounts-with-accounts-type-fullaccounts · AA
- 2010-10-19➖BEREZANSKIJ, Antony resigneddirector
- 2010-03-31➖SMITH, Roger resigneddirector
- 2010-03-16➕EVANS, John Macfadyen appointeddirector
- 2010-03-16➕HOWARTH, Deborah Jane appointeddirector
- 2010-03-16➕HOWARTH, Julie Ann appointeddirector
- 2010-03-16➕O'NEILL, Raymond Anthony appointeddirector
- 2009-09-07🔒Charge registered #2Lender: Hsbc Bank PLC
- 2007-09-28➖ROBINSON, Edward Cooper resigneddirector
- 2007-09-03➕PRIME, Giles appointeddirector
- 2007-04-02➕BEREZANSKIJ, Antony appointeddirector
- 2007-04-02➕ROBINSON, Edward Cooper appointeddirector
- 2007-04-02➕SMITH, Roger appointeddirector
- 2004-02-10🔒Charge registered #1Lender: Hsbc Asset Finance (UK) Limited & Hsbc Equipment Finance (UK) Limited
- 2002-11-20➕HOWARTH, Nicholas David appointedsecretary
- 2002-09-20➖HOWARTH, Dorothy Elizabeth Benson resignedsecretary
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 "HOWARTH" — strong identity link between founder and business.
- +Founder age: Director aged approximately 71 — succession pressure is live.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
- primaryFounder aged 70+: Senior director is approximately 71 years old. Natural succession window is now.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- secondaryStable-but-static management: Company is 43 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
2 high ·Company has been dissolved — it no longer legally exists. Any diligence here is historical only.
Evidence: Dissolved on 2016-07-14
Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2016-07-14: gazette-dissolved-liquidation; 2016-04-14: liquidation-voluntary-creditors-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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10 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 · 12 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | HSBC Hsbc Bank PLC | Debenture | 1 property | 07/09/2009 | — | |
| outstanding | HSBC Hsbc Asset Finance (UK) Limited & Hsbc Equipment Finance (UK) Limited | Chattels mortgage | 1 property | 10/02/2004 | — |