WATSONS ALLOYS & METALS LIMITED
⚰️Wound downdissolved
02184300 · ltd · incorporated 1987-10-28
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: Non-trading company
Sector: Professional, scientific & technical
Investor take
Pass (distressed without resilience)Distressed dormant / non-trading — structural issues outweigh the discount.
Opportunity 63/100 (worth a look), bankability 72/100. Strong seller-intent signal (75/100, director aged 60). Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).
🏦
Refinance opportunity
4 live charges · 4 lenders · oldest 35.7y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 35.7 years old — likely at or near maturity.
- · 4 lenders named — inter-creditor friction likely.
- · Legal-friction score 30/100 — 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
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
15 officers (3 active, 15 linked, 12 with DOB)
86
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
11 connected companies via shared directors
78
Filing history
134 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 (51 events)Click to expand
- 2024-11-12📄gazette-dissolved-voluntarygazette · GAZ2(A)
- 2024-11-12🏁Company dissolved
- 2024-08-27📄gazette-notice-voluntarygazette · GAZ1(A)
- 2024-08-15📄dissolution-application-strike-off-companydissolution · DS01
- 2024-07-29📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-07-29📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-07-29🔓Charge satisfied #4
- 2024-07-29🔓Charge satisfied #3
- 2024-03-30📄accounts-with-accounts-type-dormantaccounts · AA
- 2024-03-27📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-03-27📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2024-03-27📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-03-27📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2024-03-20➕BRITTON, Liam appointedsecretary
- 2024-03-20➕BRITTON, Liam appointeddirector
- 2024-03-20➖GLOSSOP, William Francis Gilderoy resignedsecretary
- 2024-03-20➖GLOSSOP, William Francis Gilderoy resigneddirector
- 2023-03-10📄accounts-with-accounts-type-dormantaccounts · AA
- 2022-05-24📄accounts-with-accounts-type-dormantaccounts · AA
- 2021-09-28📄accounts-with-accounts-type-dormantaccounts · AA
- 2021-06-18📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC05
- 2020-02-18📄accounts-with-accounts-type-dormantaccounts · AA
- 2019-07-26📄change-person-director-company-with-change-dateofficers · CH01
- 2019-07-25📄change-person-director-company-with-change-dateofficers · CH01
- 2019-03-12📄accounts-with-accounts-type-dormantaccounts · AA
- 2019-01-18📄change-person-director-company-with-change-dateofficers · CH01
- 2014-02-17➕GLOSSOP, William Francis Gilderoy appointeddirector
- 2014-02-11➖CUNNINGHAM, John James resigneddirector
- 2006-03-31➕GLOSSOP, William Francis Gilderoy appointedsecretary
- 2006-03-30➖RASTRICK, Robert resignedsecretary
- 2004-12-31➕CUNNINGHAM, John James appointeddirector
- 2004-12-31➖HOWE, Ian Paul resigneddirector
- 2004-12-16➖GLOSSOP, William Francis Gilderoy resigneddirector
- 2002-02-20🔒Charge registered #4Lender: Hsbc Bank PLC
- 2000-02-28➖LEE, Micheal James resigneddirector
- 2000-02-28➖MIDGLEY, Mark Lee resigneddirector
- 1996-12-16➖WALTON, Shaun resigneddirector
- 1995-03-10🔓Charge satisfied #2
- 1994-07-01➖ROONEY, Stephen James resigneddirector
- 1994-07-01➕WALTON, Shaun appointeddirector
- 1994-05-19🔒Charge registered #3Lender: Midland Bank PLC,
- 1994-03-03➕GLOSSOP, William Francis Gilderoy appointeddirector
- 1993-11-26🔓Charge satisfied #1
- 1993-11-19🔒Charge registered #2Lender: The Royal Bank of Scotland PLC
- 1993-06-01➕CUNNINGHAM, Ian Andrew appointeddirector
- 1993-06-01➖CUNNINGHAM, John James resigneddirector
- 1993-06-01➕HOWE, Ian Paul appointeddirector
- 1993-06-01➕MIDGLEY, Mark Lee appointeddirector
- 1993-06-01➖RASTRICK, Robert resigneddirector
- 1990-09-27🔒Charge registered #1Lender: Midland Bank PLC
Showing most recent 50 of 51 events
Owner dependency
76/100
High — earn-out structure requiredMaterial 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 33 years — deep operational knowledge concentrated in one person.
- +Senior director age: Director aged approximately 60 — approaching natural succession window.
Succession & seller-readiness
66/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
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 33 years. Very long tenure is a classic succession signal.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
1 high · 1 med ·Company dissolved
highCompany has been dissolved — it no longer legally exists. Any diligence here is historical only.
Evidence: Dissolved on 2024-11-12
Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
Tennant Metallurgical Group Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Tennant Metallurgical Group Ltd
Corporate parent · holds 75-100% shares · board control
⬇
WATSONS ALLOYS & METALS LIMITED
This company · 02184300
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Tennant Metallurgical Group Ltd Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 30/05/2017 |
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 →Similar companies
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|---|---|---|---|---|---|---|---|
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| AAMERAH HOLDING LTD→ 16801688 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
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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
Incorporated1987-10-28
Jurisdictionengland-wales
Primary SIC74990 — Non-trading company
Registered office
C/O Tennant Metallurgical Group Ltd Dunston Innovation Centre
Dunston Road
Chesterfield
Derbyshire
S41 8NG
United Kingdom
Filing status
Accounts
Next due: —
Last made up to: 2023-12-31
Confirmation statement
Next due: —
Last: 2024-05-30
Officers (0 active · 12 resigned)
Active
BRITTON, Liam→
Activedirector · ~40y · appointed 2024-03-20
View their other companies + combined net worth →
CUNNINGHAM, Ian Andrew→
Activedirector · ~60y · appointed 1993-06-01
View their other companies + combined net worth →
GLOSSOP, William Francis Gilderoy→
Resignedsecretary · appointed 2006-03-31 · resigned 2024-03-20
RASTRICK, Robert→
Resignedsecretary · resigned 2006-03-30
CUNNINGHAM, John James→
Resigneddirector · ~86y · appointed 2004-12-31 · resigned 2014-02-11
CUNNINGHAM, John James→
Resigneddirector · ~86y · resigned 1993-06-01
GLOSSOP, William Francis Gilderoy→
Resigneddirector · ~60y · appointed 2014-02-17 · resigned 2024-03-20
GLOSSOP, William Francis Gilderoy→
Resigneddirector · ~60y · appointed 1994-03-03 · resigned 2004-12-16
HOWE, Ian Paul→
Resigneddirector · ~63y · appointed 1993-06-01 · resigned 2004-12-31
LEE, Micheal James→
Resigneddirector · ~81y · resigned 2000-02-28
MIDGLEY, Mark Lee→
Resigneddirector · ~70y · appointed 1993-06-01 · resigned 2000-02-28
RASTRICK, Robert→
Resigneddirector · ~75y · resigned 1993-06-01
ROONEY, Stephen James→
Resigneddirector · ~72y · resigned 1994-07-01
WALTON, Shaun→
Resigneddirector · ~60y · appointed 1994-07-01 · resigned 1996-12-16
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
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | HSBC Hsbc Bank PLC | Debenture | 1 property | 20/02/2002 | 29/07/2024 | |
| satisfied | Midland Bank , Midland Bank PLC, | Fixed and floating charge. | 1 property | 19/05/1994 | 29/07/2024 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Debenture | 1 property | 19/11/1993 | 10/03/1995 | |
| satisfied | Midland Bank Midland Bank PLC | Fixed and floating charge | 1 property | 27/09/1990 | 26/11/1993 |
Recent filings (134 total)
gazette-dissolved-voluntary
gazette · GAZ2(A)
2024-11-12
gazette-notice-voluntary
gazette · GAZ1(A)
2024-08-27
dissolution-application-strike-off-company
dissolution · DS01
2024-08-15
mortgage-satisfy-charge-full
mortgage · MR04
2024-07-29
mortgage-satisfy-charge-full
mortgage · MR04
2024-07-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-06-04
accounts-with-accounts-type-dormant
accounts · AA
2024-03-30
appoint-person-director-company-with-name-date
officers · AP01
2024-03-27
appoint-person-secretary-company-with-name-date
officers · AP03
2024-03-27
termination-director-company-with-name-termination-date
officers · TM01
2024-03-27
termination-secretary-company-with-name-termination-date
officers · TM02
2024-03-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-12
accounts-with-accounts-type-dormant
accounts · AA
2023-03-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-07-04
accounts-with-accounts-type-dormant
accounts · AA
2022-05-24