CHLORIDE SAFETY SYSTEMS LIMITED

⚰️Wound downdissolved
02010174 · ltd · incorporated 1986-04-15
Investment thesis
Company dissolved — not a live target.
Why interesting: Historical record only; useful for precedent research.
Why risky: Not transactable.
🔒Estimated value
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Turnover
not disclosed
Net worth
book net assets
Opportunity
44/100
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What this business does
Primary activity: SIC 26301
Sector: Manufacturing
Investor take
Pass (distressed without resilience)
Distressed unclear — structural issues outweigh the discount.

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

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 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.

Company profile
address, 1 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
31 officers (1 active, 31 linked, 25 with DOB)
86
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
7 connected companies via shared directors
66
Filing history
188 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
44/100Watch
PassWatchWorth a lookStrongExceptional 

Not actionable now, but monitor — distressed, succession, or structural changes could flip this into a real opportunity.

Business quality
10
Concerning — overdue filings or status flags present.
Acquirability
55
Some acquirability indicators.
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 (92 events)Click to expand
  1. 2018-04-22
    ⚠️
    gazette-dissolved-liquidation
    gazette · GAZ2
  2. 2018-04-22
    🏁
    Company dissolved
  3. 2018-01-22
    ⚠️
    liquidation-voluntary-members-return-of-final-meeting
    insolvency · LIQ13
  4. 2017-12-20
    ⚠️
    liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date
    insolvency · LIQ03
  5. 2017-08-30
    ⚠️
    liquidation-voluntary-appointment-of-liquidator
    insolvency · 600
  6. 2017-08-30
    ⚠️
    liquidation-voluntary-removal-of-liquidator-by-court
    insolvency · LIQ10
  7. 2016-12-05
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  8. 2016-12-02
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  9. 2016-11-08
    ERKILIC, Mehmet appointed
    director
  10. 2016-11-08
    MOORE, Gordon resigned
    director
  11. 2016-10-17
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  12. 2016-10-14
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  13. 2016-10-07
    FRASER, Grant William resigned
    director
  14. 2016-10-07
    MOORE, Gordon appointed
    director
  15. 2016-09-28
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  16. 2016-09-26
    ⚠️
    liquidation-voluntary-appointment-of-liquidator
    insolvency · 600
  17. 2016-09-26
    📄
    resolution
    resolution · RESOLUTIONS
  18. 2016-08-18
    📄
    resolution
    resolution · RESOLUTIONS
  19. 2016-08-11
    📄
    capital-allotment-shares
    capital · SH01
  20. 2016-02-23
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  21. 2016-02-23
    📍
    move-registers-to-registered-office-company-with-new-address
    address · AD04
  22. 2016-02-01
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  23. 2016-01-29
    SISEC LIMITED resigned
    corporate-secretary
  24. 2015-12-14
    📄
    auditors-resignation-company
    auditors · AUD
  25. 2015-09-04
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  26. 2015-07-31
    LLOYD, Andrew Nigel resigned
    director
  27. 2015-05-15
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  28. 2015-05-14
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  29. 2015-04-27
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  30. 2015-02-03
    FRASER, Grant William appointed
    director
  31. 2015-02-03
    PROTHEROE, David Jason Lloyd resigned
    director
  32. 2015-02-02
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  33. 2014-02-20
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  34. 2014-02-05
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  35. 2013-06-01
    CARPENTER, Howard Frederick resigned
    director
  36. 2013-06-01
    LLOYD, Andrew Nigel appointed
    director
  37. 2010-08-02
    CARPENTER, Howard Frederick appointed
    director
  38. 2010-08-02
    RICHARDS, Allan resigned
    director
  39. 2008-06-30
    EPS SECRETARIES LIMITED resigned
    corporate-secretary
  40. 2008-06-30
    SISEC LIMITED appointed
    corporate-secretary
  41. 2005-07-31
    BURNINGHAM, Derek resigned
    director
  42. 2005-06-30
    VAN KULA III, George resigned
    secretary
  43. 2005-06-30
    EPS SECRETARIES LIMITED appointed
    corporate-secretary
  44. 2005-06-30
    DRAKESMITH, Nicholas Timon resigned
    director
  45. 2005-06-30
    PROTHEROE, David Jason Lloyd appointed
    director
  46. 2005-06-30
    RICHARDS, Allan appointed
    director
  47. 2005-03-31
    RICHARDSON, Karen resigned
    secretary
  48. 2005-03-31
    VAN KULA III, George appointed
    secretary
  49. 2004-06-29
    DELVE, Martin Christopher resigned
    director
  50. 2004-06-29
    DRAKESMITH, Nicholas Timon appointed
    director
Showing most recent 50 of 92 events

Owner dependency

75/100
High — earn-out structure required

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

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.

Succession & seller-readiness

55/100
Strong succession signal

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

SIGNALS
  • 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 dissolved
high

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

Evidence: Dissolved on 2018-04-22

6 insolvency-related filings on record
high

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

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.

🔒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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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

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 →
🔒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
Incorporated1986-04-15
Jurisdictionengland-wales
Primary SIC26301 — SIC 26301

Registered office

1 More London Place
London
SE1 2AF
United Kingdom

Filing status

Accounts
Next due:
Last made up to: 2014-12-31
Confirmation statement
Next due:
Last:

Officers (0 active · 30 resigned)

ERKILIC, Mehmet
director · ~52y · appointed 2016-11-08
View their other companies + combined net worth →
Active
CLAPHAM, Colin Richard
secretary · appointed 1994-12-14 · resigned 2000-12-15
Resigned
KEEGAN, Susan Mary Patricia
secretary · resigned 2000-12-15
Resigned
RICHARDSON, Karen
secretary · appointed 2000-12-15 · resigned 2005-03-31
Resigned
VAN KULA III, George
secretary · appointed 2005-03-31 · resigned 2005-06-30
Resigned
EPS SECRETARIES LIMITED
corporate-secretary · appointed 2005-06-30 · resigned 2008-06-30
Resigned
SISEC LIMITED
corporate-secretary · appointed 2008-06-30 · resigned 2016-01-29
Resigned
BRAY, Ian Alexander
director · ~73y · appointed 1994-12-14 · resigned 2000-03-31
Resigned
BURNINGHAM, Derek
director · ~76y · appointed 2001-10-31 · resigned 2005-07-31
Resigned
CARPENTER, Howard Frederick
director · ~65y · appointed 2010-08-02 · resigned 2013-06-01
Resigned
CHADWICK, James John
director · ~80y · resigned 1998-10-15
Resigned
DELVE, Martin Christopher
director · ~59y · appointed 2003-07-31 · resigned 2004-06-29
Resigned
DRAKESMITH, Nicholas Timon
director · ~61y · appointed 2004-06-29 · resigned 2005-06-30
Resigned
FRASER, Grant William
director · ~51y · appointed 2015-02-03 · resigned 2016-10-07
Resigned
HODGKINSON, Keith Harry
director · ~83y · appointed 1994-12-14 · resigned 2000-03-31
Resigned
HOWSON, David William
director · ~70y · appointed 1995-03-01 · resigned 2000-03-31
Resigned
JONES, Timothy Charles
director · ~63y · appointed 2002-02-22 · resigned 2003-07-31
Resigned
KEEGAN, Susan Mary Patricia
director · ~73y · resigned 2000-03-31
Resigned
LLOYD, Andrew Nigel
director · ~71y · appointed 2013-06-01 · resigned 2015-07-31
Resigned
LOWE, Andrew John
director · ~75y · appointed 2000-04-03 · resigned 2000-12-15
Resigned

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

Mortgages & charges

4
Total charges
0
Outstanding
0
Active lenders
Status:Lender:4 of 4 shown
TypeProperties
satisfied
Midland Bank
Midland Bank PLC
Fixed and floating charge1 property22/12/199422/03/1996
satisfied
Hill Samuel Bank
Hill Samuel Bank Limited
Fixed and floating charge1 property19/12/199422/03/1996
satisfied
National Westminster Bank
National Westminster Bank PLC
Legal mortgage1 property24/01/198823/03/1995
satisfied
National Westminster Bank
National Westminster Bank PLC
Mortgage debenture1 property04/09/198723/03/1995

Recent filings (188 total)

gazette-dissolved-liquidation
gazette · GAZ2
2018-04-22
liquidation-voluntary-members-return-of-final-meeting
insolvency · LIQ13
2018-01-22
liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date
insolvency · LIQ03
2017-12-20
liquidation-voluntary-appointment-of-liquidator
insolvency · 600
2017-08-30
liquidation-voluntary-removal-of-liquidator-by-court
insolvency · LIQ10
2017-08-30
termination-director-company-with-name-termination-date
officers · TM01
2016-12-05
appoint-person-director-company-with-name-date
officers · AP01
2016-12-02
termination-director-company-with-name-termination-date
officers · TM01
2016-10-17
appoint-person-director-company-with-name-date
officers · AP01
2016-10-14
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2016-09-28
liquidation-voluntary-appointment-of-liquidator
insolvency · 600
2016-09-26
resolution
resolution · RESOLUTIONS
2016-09-26
resolution
resolution · RESOLUTIONS
2016-08-18
capital-allotment-shares
capital · SH01
2016-08-11
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2016-02-23