01906302 LIMITED

🌳Matureactive

01906302 · ltd · incorporated 1985-04-18

Investment thesis

Looks cheap but ownership + security both unclear — probable value trap.

Why interesting: Headline metrics may be attractive.

Why risky: No PSC visibility combined with multiple live charges; transacting likely slow and expensive.

Opportunity decay

approaching window · 12-months

Approaching a transaction window — refinance or sale event plausible in the next 12 months.

· Oldest live charge 40.1y old — refinance window within 12 months

🔒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: Other construction installation

Sector: Construction

Investor take

Pass (distressed without resilience)

Distressed admin-neglect survivor — structural issues outweigh the discount.

Opportunity 51/100 (worth a look), bankability 25/100. High owner-dependency — earn-out structure likely required for clean transition. 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 (55/100). Current lenders should be on immediate intervention.

🏦

Refinance opportunity

2 live charges · oldest 40.1y

55/100

too messy

Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.

· Oldest live charge is 40.1 years old — likely at or near maturity.
· Single lender — cleanest path to refinance.
· Legal-friction score 45/100 (high).

Data confidence

Overall: low (47/100)

Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.

Company profile

address, 1 SIC codes, incorporation date

100

Financials

No iXBRL financials extracted

Lenders & charges

2 charges (2/2 with lender, 2/2 with type)

Directors & officers

8 officers (5 active, 8 linked, 7 with DOB)

Ownership & PSC

No PSCs filed (unusual — worth investigating)

Director network

Network not yet resolved

Filing history

92 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

51/100Worth a look

PassWatchWorth a lookStrongExceptional

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

Business quality

Concerning — overdue filings or status flags present.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Multiple red flags — proceed with caution.

Signal strength

100

Good data coverage for analysis.

Recent activity

Last 30 days

filings

Last 90 days

filings

Last 180 days

filings

Counts from Companies House filing history.

Corporate timeline (37 events)Click to expand

2018-05-10
📄
restoration-order-of-court
restoration · AC92
2018-05-10
✏️
certificate-change-of-name-company
change-of-name · CERTNM
2015-08-06
⚠️
gazette-dissolved-liquidation
gazette · GAZ2
2015-08-06
🏁
Company dissolved
2015-05-06
⚠️
liquidation-in-administration-move-to-dissolution-with-case-end-date
insolvency · 2.35B
2015-04-21
⚠️
liquidation-in-administration-progress-report-with-brought-down-date
insolvency · 2.24B
2014-10-13
⚠️
liquidation-in-administration-progress-report-with-brought-down-date
insolvency · 2.24B
2014-08-08
⚠️
liquidation-in-administration-appointment-of-replacement-additional-administrator
insolvency · 2.40B
2014-08-08
⚠️
liquidation-in-administration-vacation-of-office
insolvency · 2.39B
2014-05-01
⚠️
liquidation-in-administration-progress-report-with-brought-down-date
insolvency · 2.24B
2013-10-14
⚠️
liquidation-in-administration-extension-of-period
insolvency · 2.31B
2013-04-18
⚠️
liquidation-in-administration-extension-of-period
insolvency · 2.31B
2013-03-15
⚠️
liquidation-in-administration-statement-of-affairs-with-form-attached
insolvency · 2.16B
2012-11-21
⚠️
liquidation-in-administration-progress-report-with-brought-down-date
insolvency · 2.24B
2012-07-16
⚠️
liquidation-in-administration-result-creditors-meeting
insolvency · 2.23B
2012-05-21
⚠️
liquidation-in-administration-proposals
insolvency · 2.17B
2012-04-25
📍
change-registered-office-address-company-with-date-old-address
address · AD01
2012-04-23
⚠️
liquidation-in-administration-appointment-of-administrator
insolvency · 2.12B
2012-03-01
📄
termination-director-company-with-name
officers · TM01
2012-02-29
➖
OLIVER, David resigned
director
2012-01-20
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2011-12-13
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2011-05-19
📄
appoint-person-director-company-with-name
officers · AP01
2011-05-19
📄
change-person-director-company-with-change-date
officers · CH01
2011-04-01
➕
CRAIG, Michael William appointed
director
2010-12-21
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2010-11-24
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2009-12-09
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2009-07-31
➖
CRAIG, Wilfred resigned
director
2001-04-09
➕
THOMAS, David, Mr. appointed
director
2001-04-09
➕
CRAIG, Wilfred appointed
director
2001-04-09
➕
OLIVER, David appointed
director
2001-02-27
➖
CAFFREY, Paul resigned
director
1994-11-24
🔓
Charge satisfied #1
1994-08-08
🔒
Charge registered #2
Lender: National Westminster Bank PLC
1986-03-20
🔒
Charge registered #1
Lender: National Westminster Bank PLC
1985-04-18
🏢
Company incorporated
As 01906302 LIMITED

Owner dependency

73/100

High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS

-4 active directors: Broader management team in place — suggests transferable governance.
+Long-tenure founder: Senior director has been in place 25 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 87 — succession pressure is live.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

85/100

Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS

primaryFounder aged 70+: Senior director is approximately 87 years old. Natural succession window is now.
primary20+ year tenure: Director in role 25 years. Very long tenure is a classic succession signal.
secondaryStable-but-static management: Company is 41 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

3 high · 1 med ·

Accounts overdue

high

Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.

Evidence: Next due: 2013-04-30

Confirmation statement overdue

high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2016-12-13

14 insolvency-related filings on record

high

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

Evidence: 2015-08-06: gazette-dissolved-liquidation; 2015-05-06: liquidation-in-administration-move-to-dissolution-with-case-end-date

Has insolvency history

medium

Companies House flags prior insolvency events. Review the insolvency filings for context.

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Peers ranked by estimated value, then turnover, then opportunity score.See all →

🔒Tailored diligence questions

12 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.

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Company details

Statusactive

Typeltd

Incorporated1985-04-18

Jurisdictionengland-wales

Primary SIC43290 — Other construction installation

Registered office

Bulman House Regent Centre

Gosforth

Newcastle Upon Tyne

Tyne And Wear

NE3 3LS

Filing status

Accounts

Next due: 2013-04-30OVERDUE

Last made up to: 2011-07-31

Confirmation statement

Next due: 2016-12-13OVERDUE

Last: —