CHLORIDE SAFETY SYSTEMS LIMITED
Opportunity 44/100 (watch), bankability 52/100. 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: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: refinance and hold (35/100). Current lenders should be on monthly review.
Refinance opportunity
4 live charges · 3 lenders · oldest 38.7y
Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.
- · Oldest live charge is 38.7 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Legal-friction score 50/100 (high).
Data confidence
Overall: low (51/100)Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.
Not actionable now, but monitor — distressed, succession, or structural changes could flip this into a real opportunity.
Recent activity
Corporate timeline (92 events)Click to expand
- 2018-04-22⚠️gazette-dissolved-liquidationgazette · GAZ2
- 2018-04-22🏁Company dissolved
- 2018-01-22⚠️liquidation-voluntary-members-return-of-final-meetinginsolvency · LIQ13
- 2017-12-20⚠️liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-dateinsolvency · LIQ03
- 2017-08-30⚠️liquidation-voluntary-appointment-of-liquidatorinsolvency · 600
- 2017-08-30⚠️liquidation-voluntary-removal-of-liquidator-by-courtinsolvency · LIQ10
- 2016-12-05📄termination-director-company-with-name-termination-dateofficers · TM01
- 2016-12-02📄appoint-person-director-company-with-name-dateofficers · AP01
- 2016-11-08➕ERKILIC, Mehmet appointeddirector
- 2016-11-08➖MOORE, Gordon resigneddirector
- 2016-10-17📄termination-director-company-with-name-termination-dateofficers · TM01
- 2016-10-14📄appoint-person-director-company-with-name-dateofficers · AP01
- 2016-10-07➖FRASER, Grant William resigneddirector
- 2016-10-07➕MOORE, Gordon appointeddirector
- 2016-09-28📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2016-09-26⚠️liquidation-voluntary-appointment-of-liquidatorinsolvency · 600
- 2016-09-26📄resolutionresolution · RESOLUTIONS
- 2016-08-18📄resolutionresolution · RESOLUTIONS
- 2016-08-11📄capital-allotment-sharescapital · SH01
- 2016-02-23📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2016-02-23📍move-registers-to-registered-office-company-with-new-addressaddress · AD04
- 2016-02-01📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2016-01-29➖SISEC LIMITED resignedcorporate-secretary
- 2015-12-14📄auditors-resignation-companyauditors · AUD
- 2015-09-04📄termination-director-company-with-name-termination-dateofficers · TM01
- 2015-07-31➖LLOYD, Andrew Nigel resigneddirector
- 2015-05-15📄appoint-person-director-company-with-name-dateofficers · AP01
- 2015-05-14📄accounts-with-accounts-type-dormantaccounts · AA
- 2015-04-27📄termination-director-company-with-name-termination-dateofficers · TM01
- 2015-02-03➕FRASER, Grant William appointeddirector
- 2015-02-03➖PROTHEROE, David Jason Lloyd resigneddirector
- 2015-02-02📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2014-02-20📄accounts-with-accounts-type-dormantaccounts · AA
- 2014-02-05📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2013-06-01➖CARPENTER, Howard Frederick resigneddirector
- 2013-06-01➕LLOYD, Andrew Nigel appointeddirector
- 2010-08-02➕CARPENTER, Howard Frederick appointeddirector
- 2010-08-02➖RICHARDS, Allan resigneddirector
- 2008-06-30➖EPS SECRETARIES LIMITED resignedcorporate-secretary
- 2008-06-30➕SISEC LIMITED appointedcorporate-secretary
- 2005-07-31➖BURNINGHAM, Derek resigneddirector
- 2005-06-30➖VAN KULA III, George resignedsecretary
- 2005-06-30➕EPS SECRETARIES LIMITED appointedcorporate-secretary
- 2005-06-30➖DRAKESMITH, Nicholas Timon resigneddirector
- 2005-06-30➕PROTHEROE, David Jason Lloyd appointeddirector
- 2005-06-30➕RICHARDS, Allan appointeddirector
- 2005-03-31➖RICHARDSON, Karen resignedsecretary
- 2005-03-31➕VAN KULA III, George appointedsecretary
- 2004-06-29➖DELVE, Martin Christopher resigneddirector
- 2004-06-29➕DRAKESMITH, Nicholas Timon appointeddirector
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +Sole director: Only one active director — all governance concentrated on one person.
Succession & seller-readiness
Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- secondaryStable-but-static management: Company is 40 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
2 high · 1 med ·Company has been dissolved — it no longer legally exists. Any diligence here is historical only.
Evidence: Dissolved on 2018-04-22
Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2018-04-22: gazette-dissolved-liquidation; 2018-01-22: liquidation-voluntary-members-return-of-final-meeting
Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
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 · 30 resigned)
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Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Midland Bank Midland Bank PLC | Fixed and floating charge | 1 property | 22/12/1994 | 22/03/1996 | |
| satisfied | Hill Samuel Bank Hill Samuel Bank Limited | Fixed and floating charge | 1 property | 19/12/1994 | 22/03/1996 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Legal mortgage | 1 property | 24/01/1988 | 23/03/1995 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Mortgage debenture | 1 property | 04/09/1987 | 23/03/1995 |