TCS HIGHWAYS LTD
- · Oldest live charge 32.2y old — refinance window within 12 months
Opportunity 59/100 (worth a look), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. 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 (58/100).
Refinance opportunity
1 live charge · oldest 32.2y
Refinance viable after a tidy-up — address the highlighted items first.
- · Oldest live charge is 32.2 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Legal-friction score 25/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (79/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Mixed signal. Worth opening the full target workup before deciding to pursue.
Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2017-12-31 | 2016-12-31 |
|---|
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
1 signal detected in this company's narrative notes — going-concern language, audit opinion, contingent liabilities, related-party transactions.
Available from the Pro tier upwards.
See pricing →Recent activity
Corporate timeline (40 events)Click to expand
- 2019-07-09📄gazette-dissolved-voluntarygazette · GAZ2(A)
- 2019-07-09🏁Company dissolved
- 2019-04-23📄gazette-notice-voluntarygazette · GAZ1(A)
- 2019-04-12📄dissolution-application-strike-off-companydissolution · DS01
- 2019-04-03📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2019-04-03📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2019-04-03📄termination-director-company-with-name-termination-dateofficers · TM01
- 2019-04-03📄termination-director-company-with-name-termination-dateofficers · TM01
- 2019-03-31➕BULLOCK, Adrian appointedsecretary
- 2019-03-31➖BULLOCK, Michael resignedsecretary
- 2019-03-31➖BULLOCK, Michael resigneddirector
- 2019-03-31➖BULLOCK, Nigel Robert resigneddirector
- 2018-09-27📄accounts-with-accounts-type-dormantaccounts · AA
- 2017-12-23📄gazette-filings-brought-up-to-dategazette · DISS40
- 2017-12-19📄gazette-notice-compulsorygazette · GAZ1
- 2017-09-29📄accounts-with-accounts-type-dormantaccounts · AA
- 2016-11-03📄change-person-secretary-company-with-change-dateofficers · CH03
- 2016-11-03📄change-person-director-company-with-change-dateofficers · CH01
- 2016-11-02📄change-person-director-company-with-change-dateofficers · CH01
- 2016-11-02📄change-person-director-company-with-change-dateofficers · CH01
- 2016-09-14📄accounts-with-accounts-type-dormantaccounts · AA
- 2016-06-03📄change-person-director-company-with-change-dateofficers · CH01
- 2015-11-20📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2015-08-21📄accounts-with-accounts-type-dormantaccounts · AA
- 2014-10-30📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2014-09-30📄accounts-with-accounts-type-dormantaccounts · AA
- 2013-10-08📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2001-01-01➕BULLOCK, Adrian appointeddirector
- 1999-02-02➕BULLOCK, Michael appointedsecretary
- 1999-02-02➖TALBOT, Esther Jeanette resignedsecretary
- 1998-03-25➕BULLOCK, Nigel Robert appointeddirector
- 1998-03-25➖TALBOT, John Edward resigneddirector
- 1995-02-10➖DRAPER, Stephen resigneddirector
- 1994-05-01➖BULLOCK, Michael resignedsecretary
- 1994-05-01➕TALBOT, Esther Jeanette appointedsecretary
- 1994-04-08🔒Charge registered #1Lender: National Westminster Bank PLC
- 1994-04-01➖BULLOCK, Carol resigneddirector
- 1994-01-01➕DRAPER, Stephen appointeddirector
- 1993-01-01➕TALBOT, John Edward appointeddirector
- 1987-11-24🏢Company incorporatedAs TCS HIGHWAYS LTD
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Sole director: Only one active director — all governance concentrated on one person.
- +Long-tenure founder: Senior director has been in place 25 years — deep operational knowledge concentrated in one person.
Succession & seller-readiness
Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- primary20+ year tenure: Director in role 25 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 has been dissolved — it no longer legally exists. Any diligence here is historical only.
Evidence: Dissolved on 2019-07-09
Group structure
Highway Care Group Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
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 |
|---|---|---|---|---|
Highway Care Group Limited Corporate entity | 75–100% | 75–100% | 75-100% shares · 75-100% voting · firm interest | 06/04/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
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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 →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
Registered office
Filing status
Officers (0 active · 8 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | National Westminster Bank National Westminster Bank PLC | Mortgage debenture | 1 property | 08/04/1994 | — |