FIRST ADDITION LIMITED
⚰️Wound downdissolved
02130258 · ltd · incorporated 1987-05-11
Investment thesis
Company dissolved — not a live target.
Why interesting: Historical record only; useful for precedent research.
Why risky: Not transactable.
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
63/100
Worth a look
What this business does
Primary activity: SIC 9305
Sector: Arts, entertainment & recreation
Investor take
Pass (distressed without resilience)Distressed unclear — structural issues outweigh the discount.
Opportunity 63/100 (worth a look), bankability 70/100. Strong seller-intent signal (78/100, director aged 83). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: Company dissolved. Company has been dissolved — it no longer legally exists. Any diligence here is historical only. Most likely exit: share sale to pe / searcher (65/100).
Data confidence
Overall: low (49/100)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
Confirmed no charges registered
85
Directors & officers
4 officers (3 active, 4 linked, 3 with DOB)
85
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
5 connected companies via shared directors
60
Filing history
65 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
80
Strong succession / seller-readiness signals.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
90
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 (29 events)Click to expand
- 2011-06-21📄gazette-dissolved-voluntarygazette · GAZ2(A)
- 2011-06-21🏁Company dissolved
- 2011-03-08📄gazette-notice-voluntarygazette · GAZ1(A)
- 2011-02-23📄dissolution-application-strike-off-companydissolution · DS01
- 2011-02-01📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2010-11-09📍change-registered-office-address-company-with-date-old-addressaddress · AD01
- 2010-02-18📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2010-02-18📄change-person-director-company-with-change-dateofficers · CH01
- 2010-02-01📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2009-03-03📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2009-02-26📄legacyannual-return · 363a
- 2008-02-29📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2008-02-18📄legacyannual-return · 363a
- 2007-03-08📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2007-02-14📄legacyannual-return · 363a
- 2006-03-03📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2006-02-28📄legacyannual-return · 363a
- 2005-02-23📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2005-02-14📄legacyannual-return · 363s
- 2004-02-20📄legacyannual-return · 363s
- 2004-02-18📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2003-03-05📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2003-02-24📄legacyannual-return · 363s
- 2002-02-15📄legacyannual-return · 363s
- 2001-11-13📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2001-02-15📄legacyannual-return · 363s
- 1998-04-29➕MCILWEE, Frank Edward appointeddirector
- 1998-04-29➖RANDALL, James Derek resigneddirector
- 1987-05-11🏢Company incorporatedAs FIRST ADDITION LIMITED
Owner dependency
83/100
Critical — business is the founderThe 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 28 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 83 — succession pressure is live.
Succession & seller-readiness
96/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 83 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 28 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
1 high ·Company dissolved
highCompany has been dissolved — it no longer legally exists. Any diligence here is historical only.
Evidence: Dissolved on 2011-06-21
🔒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 →Similar companies
Active · Leisure & entertainment · BN postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| 1 FORCE FITNESS LTD→ 15261583 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| 100UK LTD→ 10943276 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| 1066 GYMNASTICS→ 07295093 · est 2010 · no financials extracted | — | — | — | — | 15y | — | — |
| 121 VIRTUAL FITNESS LTD→ 12539018 · est 2020 · no financials extracted | — | — | — | — | 6y | — | — |
| 123 TOURING LIMITED→ 15063648 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| 13 ARTISTS LIMITED→ 07176591 · est 2010 · no financials extracted | — | — | — | — | 16y | — | — |
| 14FGB LIMITED→ 12726382 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| 1974 MUSIC LTD→ 07245116 · est 2010 · no financials extracted | — | — | — | — | 15y | — | — |
| 201 DANCE COMPANY LTD→ 10879761 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| 23 DEGREES ARTISTS LTD→ 14652132 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| 23 DEGREES MUSIC LIMITED→ 14218609 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| 23RD CENTURY LTD→ 13950261 · est 2022 · no financials extracted | — | — | — | — | 4y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
8 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
Incorporated1987-05-11
Jurisdictionengland-wales
Primary SIC9305 — SIC 9305
Registered office
Martlet House E1, Yeoman Gate
Yeoman Way
Worthing
West Sussex
BN13 3QZ
United Kingdom
Filing status
Accounts
Next due: —
Last made up to: 2010-04-30
Confirmation statement
Next due: —
Last: —
Officers (0 active · 1 resigned)
Active
MCILWEE, Frank Edward→
Activedirector · ~73y · appointed 1998-04-29
View their other companies + combined net worth →
Active
RANDALL, James Derek→
Resigneddirector · ~93y · resigned 1998-04-29
Click a director name to see their full track record across all companies.
Recent filings (65 total)
gazette-dissolved-voluntary
gazette · GAZ2(A)
2011-06-21
gazette-notice-voluntary
gazette · GAZ1(A)
2011-03-08
dissolution-application-strike-off-company
dissolution · DS01
2011-02-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2011-02-01
change-registered-office-address-company-with-date-old-address
address · AD01
2010-11-09
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2010-02-18
change-person-director-company-with-change-date
officers · CH01
2010-02-18
accounts-with-accounts-type-total-exemption-small
accounts · AA
2010-02-01
accounts-with-accounts-type-total-exemption-small
accounts · AA
2009-03-03
legacy
annual-return · 363a
2009-02-26
accounts-with-accounts-type-total-exemption-small
accounts · AA
2008-02-29
legacy
annual-return · 363a
2008-02-18
accounts-with-accounts-type-total-exemption-small
accounts · AA
2007-03-08
legacy
annual-return · 363a
2007-02-14
accounts-with-accounts-type-total-exemption-small
accounts · AA
2006-03-03