CORE TRADING LIMITED

⚰️Wound downdissolved
02069834 · ltd · incorporated 1986-11-03
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
63/100
Worth a look
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What this business does
Primary activity: SIC 19209
Sector: Manufacturing
Investor take
Pass (distressed without resilience)
Distressed unclear — structural issues outweigh the discount.

Opportunity 63/100 (worth a look), bankability 62/100. Strong seller-intent signal (65/100, director aged 60). Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

5 live charges · 3 lenders · oldest 26.9y

35/100
too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

  • · Oldest live charge is 26.9 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Legal-friction score 40/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (60/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, 1 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
5 charges (5/5 with lender, 5/5 with type)
90
Directors & officers
16 officers (3 active, 16 linked, 10 with DOB)
83
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
14 connected companies via shared directors
87
Filing history
130 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
63/100Worth a look
PassWatchWorth a lookStrongExceptional 

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

Business quality
30
Concerning — overdue filings or status flags present.
Acquirability
85
Strong succession / seller-readiness signals.
Risk profile
59
Some moderate concerns — review flags.
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 (56 events)Click to expand
  1. 2020-01-14
    📄
    gazette-dissolved-voluntary
    gazette · GAZ2(A)
  2. 2020-01-14
    🏁
    Company dissolved
  3. 2019-10-29
    📄
    gazette-notice-voluntary
    gazette · GAZ1(A)
  4. 2019-10-22
    📄
    dissolution-application-strike-off-company
    dissolution · DS01
  5. 2019-09-25
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  6. 2018-08-23
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  7. 2018-08-23
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  8. 2018-08-23
    🔓
    Charge satisfied #5
  9. 2018-08-23
    🔓
    Charge satisfied #4
  10. 2018-07-20
    📄
    change-person-director-company-with-change-date
    officers · CH01
  11. 2018-07-20
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  12. 2018-07-20
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  13. 2018-07-19
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  14. 2018-06-29
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  15. 2017-09-15
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  16. 2016-10-03
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  17. 2016-06-13
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  18. 2015-09-23
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  19. 2015-05-26
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  20. 2014-09-22
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  21. 2014-05-27
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  22. 2013-09-23
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  23. 2013-08-02
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  24. 2012-06-27
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  25. 2012-06-08
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  26. 2010-03-10
    ➕
    EVERITT, Steven David appointed
    director
  27. 2010-03-10
    ➖
    MARTIN, Philip James resigned
    director
  28. 2003-03-28
    ➕
    EVERITT, Steven David appointed
    secretary
  29. 2003-03-28
    ➖
    BURDOCK, Denis Andrew resigned
    secretary
  30. 2003-02-28
    ➖
    HARTLEY, David resigned
    director
  31. 2002-06-06
    🔒
    Charge registered #5
    Lender: Lloyds Tsb Commercial Finance Limited
  32. 2002-06-06
    🔒
    Charge registered #4
    Lender: Lloyds Tsb Commercial Finance Limited
  33. 2002-05-23
    ➕
    FROGSON, Darren Barber appointed
    director
  34. 2002-05-23
    ➕
    MARTIN, Philip James appointed
    director
  35. 2002-05-16
    🔓
    Charge satisfied #1
  36. 2001-10-01
    ➕
    BURDOCK, Denis Andrew appointed
    secretary
  37. 2001-10-01
    ➖
    FODEN, Kenneth Ernest resigned
    secretary
  38. 2000-12-14
    🔒
    Charge registered #3
    Lender: Lloyds Tsb Bank PLC
  39. 2000-11-30
    ➕
    FODEN, Kenneth Ernest appointed
    secretary
  40. 2000-11-30
    ➖
    UNSWORTH, Anthony Richard resigned
    secretary
  41. 2000-11-30
    ➖
    UNSWORTH, Anthony Richard resigned
    director
  42. 1999-08-09
    ➕
    HARTLEY, David appointed
    director
  43. 1999-08-09
    ➖
    MARTIN, Philip James resigned
    director
  44. 1999-08-09
    ➕
    UNSWORTH, Anthony Richard appointed
    director
  45. 1999-07-27
    🔒
    Charge registered #1
    Lender: Aib Group (UK) P.L.C.
  46. 1999-07-26
    ➖
    MCMULLAN, Maxwell resigned
    secretary
  47. 1999-07-26
    ➕
    UNSWORTH, Anthony Richard appointed
    secretary
  48. 1999-07-26
    ➖
    MCMULLAN, Maxwell resigned
    director
  49. 1999-07-26
    ➖
    MCMULLAN, Noel resigned
    director
  50. 1999-07-26
    ➖
    MCMULLEN, Malcolm Charles resigned
    director
Showing most recent 50 of 56 events

Owner dependency

76/100
High — earn-out structure required

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

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Long-tenure founder: Senior director has been in place 24 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 60 — approaching natural succession window.

Succession & seller-readiness

76/100
Likely off-market candidate

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

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 60. Early succession window.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 24 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 40 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

1 high · 1 med ·
Company dissolved
high

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

Evidence: Dissolved on 2020-01-14

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.

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Darren Barber Frogson
Individual · British · DOB 10/1966 · age 60
75–100%
—75-100% shares06/04/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

🔒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

7 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
Incorporated1986-11-03
Jurisdictionengland-wales
Primary SIC19209 — SIC 19209

Registered office

Exol Lubricants Limited
All Saints Road
Darlaston
West Midlands
WS10 9LL
United Kingdom

Filing status

Accounts
Next due: —
Last made up to: 2017-12-31
Confirmation statement
Next due: —
Last: —

Officers (0 active · 13 resigned)

EVERITT, Steven David→
secretary · appointed 2003-03-28
View their other companies + combined net worth →
Active
EVERITT, Steven David→
director · ~59y · appointed 2010-03-10
View their other companies + combined net worth →
Active
FROGSON, Darren Barber→
director · ~60y · appointed 2002-05-23
View their other companies + combined net worth →
Active
BURDOCK, Denis Andrew→
secretary · appointed 2001-10-01 · resigned 2003-03-28
Resigned
FODEN, Kenneth Ernest→
secretary · appointed 2000-11-30 · resigned 2001-10-01
Resigned
IRWIN, Michael John→
secretary · resigned 1995-08-24
Resigned
MCMULLAN, Maxwell→
secretary · appointed 1995-08-24 · resigned 1999-07-26
Resigned
UNSWORTH, Anthony Richard→
secretary · appointed 1999-07-26 · resigned 2000-11-30
Resigned
HARTLEY, David→
director · ~80y · appointed 1999-08-09 · resigned 2003-02-28
Resigned
HARTLEY, David→
director · ~80y · resigned 1995-02-22
Resigned
MARTIN, Philip James→
director · ~74y · appointed 2002-05-23 · resigned 2010-03-10
Resigned
MARTIN, Philip James→
director · ~74y · appointed 1999-06-27 · resigned 1999-08-09
Resigned
MCMULLAN, Maxwell→
director · ~83y · resigned 1999-07-26
Resigned
MCMULLAN, Noel→
director · ~82y · resigned 1999-07-26
Resigned
MCMULLEN, Malcolm Charles→
director · ~75y · resigned 1999-07-26
Resigned
UNSWORTH, Anthony Richard→
director · ~77y · appointed 1999-08-09 · resigned 2000-11-30
Resigned

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

Mortgages & charges

5
Total charges
2
Outstanding
1
Active lenders
Status:Lender:5 of 5 shown
TypeProperties
satisfied
Lloyds Banking Group
Lloyds Tsb Commercial Finance Limited
Chattel mortgage (the "deed")1 property06/06/200223/08/2018
satisfied
Lloyds Banking Group
Lloyds Tsb Commercial Finance Limited
Debenture1 property06/06/200223/08/2018
outstanding
Lloyds Banking Group
Lloyds Tsb Bank PLC
Debenture1 property14/12/2000—
satisfied
Aib Group (UK) P.L.C.
Mortgage debenture1 property27/07/199916/05/2002
outstanding
Lloyds Banking Group
Lloyds Tsb Commercial Finance Limited
All assets debenture1 property26/07/1999—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (130 total)

gazette-dissolved-voluntary
gazette · GAZ2(A)
2020-01-14
gazette-notice-voluntary
gazette · GAZ1(A)
2019-10-29
dissolution-application-strike-off-company
dissolution · DS01
2019-10-22
change-account-reference-date-company-previous-shortened
accounts · AA01
2019-09-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-05-28
mortgage-satisfy-charge-full
mortgage · MR04
2018-08-23
mortgage-satisfy-charge-full
mortgage · MR04
2018-08-23
change-person-director-company-with-change-date
officers · CH01
2018-07-20
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2018-07-20
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2018-07-20
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2018-07-19
accounts-with-accounts-type-dormant
accounts · AA
2018-06-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2018-05-29
accounts-with-accounts-type-dormant
accounts · AA
2017-09-15
confirmation-statement-with-updates
confirmation-statement · CS01
2017-05-31