ASW LIMITED

⚰️Wound downdissolved
02085586 · ltd · incorporated 1986-12-22
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
49/100
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What this business does
Primary activity: SIC 7415
Sector: Professional, scientific & technical
Investor take
Pass (distressed without resilience)
Distressed unclear — structural issues outweigh the discount.

Opportunity 49/100 (watch), bankability 32/100. Strong seller-intent signal (78/100, director aged 82). Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: Consolidate lender relationships. 7 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: asset disposal / carve-out (55/100). Current lenders should be on monthly review.

🏦

Refinance opportunity

7 live charges · 7 lenders · oldest 33.4y

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 33.4 years old — likely at or near maturity.
  • · 7 lenders named — inter-creditor friction likely.
  • · Legal-friction score 60/100 (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
7 charges (7/7 with lender, 7/7 with type)
90
Directors & officers
16 officers (3 active, 16 linked, 12 with DOB)
85
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
8 connected companies via shared directors
69
Filing history
134 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
49/100Watch
PassWatchWorth a lookStrongExceptional 

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

Business quality
0
Concerning — overdue filings or status flags present.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
46
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 (59 events)Click to expand
  1. 2012-02-18
    ⚠️
    gazette-dissolved-liquidation
    gazette · GAZ2
  2. 2012-02-18
    🏁
    Company dissolved
  3. 2011-01-12
    ⚠️
    liquidation-compulsory-defer-dissolution
    insolvency · L64.04
  4. 2010-11-18
    ⚠️
    liquidation-compulsory-return-final-meeting
    insolvency · 4.43
  5. 2007-09-28
    📄
    miscellaneous
    miscellaneous · MISC
  6. 2006-06-12
    📄
    miscellaneous
    miscellaneous · MISC
  7. 2006-06-12
    ⚠️
    legacy
    insolvency · 405(2)
  8. 2006-06-12
    ⚠️
    liquidation-receiver-abstract-of-receipts-and-payments
    insolvency · 3.6
  9. 2006-06-12
    ⚠️
    legacy
    insolvency · 405(2)
  10. 2006-06-12
    ⚠️
    liquidation-receiver-abstract-of-receipts-and-payments
    insolvency · 3.6
  11. 2006-06-12
    ⚠️
    legacy
    insolvency · 405(2)
  12. 2006-02-10
    ⚠️
    liquidation-receiver-abstract-of-receipts-and-payments
    insolvency · 3.6
  13. 2005-08-18
    ⚠️
    liquidation-receiver-abstract-of-receipts-and-payments
    insolvency · 3.6
  14. 2005-03-03
    ⚠️
    liquidation-receiver-abstract-of-receipts-and-payments
    insolvency · 3.6
  15. 2004-09-10
    ⚠️
    liquidation-receiver-abstract-of-receipts-and-payments
    insolvency · 3.6
  16. 2004-03-15
    ⚠️
    liquidation-receiver-abstract-of-receipts-and-payments
    insolvency · 3.6
  17. 2004-03-10
    ⚠️
    legacy
    insolvency · 405(2)
  18. 2004-03-10
    ⚠️
    legacy
    insolvency · 405(2)
  19. 2003-08-26
    ⚠️
    liquidation-receiver-abstract-of-receipts-and-payments
    insolvency · 3.6
  20. 2003-06-17
    ⚠️
    liquidation-compulsory-appointment-liquidator
    insolvency · 4.31
  21. 2003-06-05
    📍
    legacy
    address · 287
  22. 2003-05-01
    ⚠️
    liquidation-compulsory-winding-up-order
    insolvency · COCOMP
  23. 2003-04-18
    ⚠️
    liquidation-receiver-administrative-receivers-report
    insolvency · 3.10
  24. 2003-02-06
    ⚠️
    liquidation-receiver-statement-of-affairs
    insolvency · 3.3
  25. 2003-01-27
    ⚠️
    legacy
    insolvency · 405(1)
  26. 2002-10-29
    📄
    legacy
    officers · 288b
  27. 2002-08-30
    COURT, Justin Southworth resigned
    director
  28. 2002-07-31
    MACKENZIE, Graham Roche resigned
    director
  29. 2002-06-12
    🔒
    Charge registered #7
    Lender: Nederlandsche Credietverzekering Maatschappij N.V.(Including Its Successors)
  30. 2002-06-10
    🔒
    Charge registered #6
    Lender: Lloyds Tsb Bank PLC
  31. 2001-11-30
    SHEEHAN, Gerald resigned
    director
  32. 2001-03-31
    BAGNALL, William Evans resigned
    director
  33. 1999-09-01
    COURT, Justin Southworth appointed
    director
  34. 1999-07-30
    EVANS, Roger Hugh resigned
    director
  35. 1999-06-07
    TOWNSEND, Edward Charles resigned
    director
  36. 1999-01-31
    SOULAS, Alain resigned
    director
  37. 1999-01-25
    MACKENZIE, Graham Roche appointed
    director
  38. 1999-01-25
    🔒
    Charge registered #5
    Lender: Lloyds Bank Plcas Trustee for the Beneficiaries (The "Trustee")
  39. 1997-04-01
    BAGNALL, William Evans appointed
    director
  40. 1996-10-31
    BARTLETT, George Derek Wilson appointed
    secretary
  41. 1996-10-31
    BEESE, Robert Ian resigned
    secretary
  42. 1996-08-23
    COX, Alan George, Sir resigned
    director
  43. 1996-08-13
    JUDD, Robert Edward appointed
    director
  44. 1996-08-13
    SHEEHAN, Gerald appointed
    director
  45. 1996-08-13
    SOULAS, Alain appointed
    director
  46. 1996-06-07
    BARTLETT, George Derek Wilson appointed
    director
  47. 1996-06-03
    🔒
    Charge registered #4
    Lender: Lloyds Bank PLC as Trustee for the Beneficiaries (As Defined)
  48. 1996-02-02
    BEESE, Robert Ian appointed
    secretary
  49. 1996-02-02
    MCGOOKIN, Ann Elizabeth resigned
    secretary
  50. 1995-04-24
    EVANS, Roger Hugh appointed
    director
Showing most recent 50 of 59 events

Owner dependency

83/100
Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

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 30 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 82 — succession pressure is live.

Succession & seller-readiness

96/100
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 82 years old. Natural succession window is now.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 30 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 39 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

2 high · 1 low
Company dissolved
high

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

Evidence: Dissolved on 2012-02-18

21 insolvency-related filings on record
high

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

Evidence: 2012-02-18: gazette-dissolved-liquidation; 2011-01-12: liquidation-compulsory-defer-dissolution

7 live charges
low

Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.

🔒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

11 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
Incorporated1986-12-22
Jurisdictionengland-wales
Primary SIC7415 — SIC 7415

Registered office

Grant Thornton
11-13 Penhill Road
Cardiff
CF11 9UP

Filing status

Accounts
Next due:
Last made up to:
Confirmation statement
Next due:
Last:

Officers (0 active · 13 resigned)

BARTLETT, George Derek Wilson
secretary · appointed 1996-10-31
View their other companies + combined net worth →
Active
BARTLETT, George Derek Wilson
director · ~78y · appointed 1996-06-07
View their other companies + combined net worth →
Active
JUDD, Robert Edward
director · ~82y · appointed 1996-08-13
View their other companies + combined net worth →
Active
BARTLETT, George Derek Wilson
secretary · resigned 1994-03-21
Resigned
BEESE, Robert Ian
secretary · appointed 1996-02-02 · resigned 1996-10-31
Resigned
MCGOOKIN, Ann Elizabeth
secretary · appointed 1994-03-21 · resigned 1996-02-02
Resigned
BAGNALL, William Evans
director · ~84y · appointed 1997-04-01 · resigned 2001-03-31
Resigned
COURT, Justin Southworth
director · ~77y · appointed 1999-09-01 · resigned 2002-08-30
Resigned
COX, Alan George, Sir
director · ~90y · resigned 1996-08-23
Resigned
EVANS, Roger Hugh
director · ~82y · appointed 1995-04-24 · resigned 1999-07-30
Resigned
MACKENZIE, Graham Roche
director · ~82y · appointed 1999-01-25 · resigned 2002-07-31
Resigned
RICH, Paul Michael
director · ~87y · resigned 1995-04-24
Resigned
SHEEHAN, Gerald
director · ~76y · appointed 1996-08-13 · resigned 2001-11-30
Resigned
SOULAS, Alain
director · ~83y · appointed 1996-08-13 · resigned 1999-01-31
Resigned
TOWNSEND, Edward Charles
director · ~84y · appointed 1993-09-01 · resigned 1999-06-07
Resigned
TRACY, Christopher Anthony Wingfield
director · ~82y · resigned 1995-04-24
Resigned

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

Mortgages & charges

7
Total charges
7
Outstanding
2
Active lenders
Status:Lender:7 of 7 shown
TypeProperties
outstanding
Nederlandsche Credietverzekering Maatschappij N.V.(Including Its Successors)
Debenture2 properties12/06/2002
outstanding
Lloyds Banking Group
Lloyds Tsb Bank PLC
A supplemental debenture1 property10/06/2002
outstanding
Lloyds Banking Group
Lloyds Bank Plcas Trustee for the Beneficiaries (The "Trustee")
Debenture1 property25/01/1999
outstanding
Lloyds Banking Group
Lloyds Bank PLC as Trustee for the Beneficiaries (As Defined)
Supplemental debenture1 property03/06/1996
outstanding
Lloyds Banking Group
Lloyds Bank Plcas Trustee for the Beneficiaries
Amendment and restatement1 property19/10/1994
outstanding
Lloyds Banking Group
Lloyds Bank Plcas Trustee
Deed of amendment1 property19/10/1994
outstanding
Lloyds Banking Group
Lloyds Bank PLC(As Trustee for the Beneficiaries)
Debenture1 property27/01/1993
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (134 total)

gazette-dissolved-liquidation
gazette · GAZ2
2012-02-18
liquidation-compulsory-defer-dissolution
insolvency · L64.04
2011-01-12
liquidation-compulsory-return-final-meeting
insolvency · 4.43
2010-11-18
miscellaneous
miscellaneous · MISC
2007-09-28
miscellaneous
miscellaneous · MISC
2006-06-12
legacy
insolvency · 405(2)
2006-06-12
liquidation-receiver-abstract-of-receipts-and-payments
insolvency · 3.6
2006-06-12
legacy
insolvency · 405(2)
2006-06-12
liquidation-receiver-abstract-of-receipts-and-payments
insolvency · 3.6
2006-06-12
legacy
insolvency · 405(2)
2006-06-12
liquidation-receiver-abstract-of-receipts-and-payments
insolvency · 3.6
2006-02-10
liquidation-receiver-abstract-of-receipts-and-payments
insolvency · 3.6
2005-08-18
liquidation-receiver-abstract-of-receipts-and-payments
insolvency · 3.6
2005-03-03
liquidation-receiver-abstract-of-receipts-and-payments
insolvency · 3.6
2004-09-10
liquidation-receiver-abstract-of-receipts-and-payments
insolvency · 3.6
2004-03-15