02228038 LIMITED
- 4531SIC 4531
- 4533SIC 4533
Opportunity 46/100 (watch), bankability 12/100. High owner-dependency — earn-out structure likely required for clean transition. Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: asset disposal / carve-out (70/100). Current lenders should be on immediate intervention.
Refinance opportunity
6 live charges · 3 lenders · oldest 37.8y
Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.
- · Oldest live charge is 37.8 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Legal-friction score 55/100 (high).
Data confidence
Overall: low (52/100)Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.
Not actionable now, but monitor — distressed, succession, or structural changes could flip this into a real opportunity.
Recent activity
Corporate timeline (49 events)Click to expand
- 2025-10-06📄restoration-order-of-courtrestoration · AC92
- 2025-10-06✏️certificate-change-of-name-companychange-of-name · CERTNM
- 2013-04-18⚠️gazette-dissolved-liquidationgazette · GAZ2
- 2013-01-18⚠️liquidation-in-administration-move-to-dissolution-with-case-end-dateinsolvency · 2.35B
- 2012-07-11⚠️liquidation-in-administration-progress-report-with-brought-down-dateinsolvency · 2.24B
- 2012-07-11⚠️liquidation-in-administration-extension-of-periodinsolvency · 2.31B
- 2012-02-09⚠️liquidation-in-administration-progress-report-with-brought-down-dateinsolvency · 2.24B
- 2012-01-06⚠️liquidation-in-administration-statement-of-affairs-with-form-attachedinsolvency · 2.16B
- 2011-11-08⚠️liquidation-in-administration-result-creditors-meetinginsolvency · 2.23B
- 2011-09-14⚠️liquidation-in-administration-proposalsinsolvency · 2.17B
- 2011-07-18📍change-registered-office-address-company-with-date-old-addressaddress · AD01
- 2011-07-18⚠️liquidation-in-administration-appointment-of-administratorinsolvency · 2.12B
- 2011-05-27📄legacymortgage · MG01
- 2011-05-26🔒Charge registered #6Lender: Bibby Financial Services Limited
- 2010-10-21📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2010-04-27📄accounts-with-accounts-type-fullaccounts · AA
- 2010-01-20📄appoint-person-director-company-with-nameofficers · AP01
- 2010-01-20📄appoint-person-director-company-with-nameofficers · AP01
- 2009-12-02📄change-person-director-company-with-change-dateofficers · CH01
- 2009-12-02📄change-person-director-company-with-change-dateofficers · CH01
- 2009-12-02📄change-person-secretary-company-with-change-dateofficers · CH03
- 2009-11-30➕SPENCER, Ryan Michael appointeddirector
- 2009-11-30➕WADKINS, Stephen appointeddirector
- 2009-10-19📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2009-09-16📄legacyofficers · 288b
- 2009-06-25➖ROBERTS, Keith resigneddirector
- 2009-03-16📄accounts-with-accounts-type-fullaccounts · AA
- 2008-10-20📄legacyannual-return · 363a
- 2008-10-20📄legacyofficers · 288c
- 2007-02-19➕STRONG, Allan appointedsecretary
- 2007-02-19➖STRONG, Cherrill resignedsecretary
- 2007-02-19➖STRONG, Cherrill resigneddirector
- 2003-03-07➖PRINGLE, Allan Francis resigneddirector
- 2003-03-07➕STRONG, Cherrill appointeddirector
- 2003-02-24➕MARTIN, Leonard David appointeddirector
- 2003-02-24➕ROBERTS, Keith appointeddirector
- 2002-02-14➖RAUFER, Leslie Kenneth resigneddirector
- 2000-10-24➖FOREMAN, David Keith resigneddirector
- 1996-04-18🔒Charge registered #5Lender: National Westminster Bank PLC
- 1995-02-12➖BROCKEN, Harold resigneddirector
- 1993-10-29➖MCNAMARA, John Andrew resigneddirector
- 1992-11-12🔓Charge satisfied #3
- 1992-11-12🔓Charge satisfied #2
- 1992-11-12🔓Charge satisfied #1
- 1992-02-27🔒Charge registered #4Lender: National Westminster Bank PLC
- 1991-01-25🔒Charge registered #3Lender: Barclays Bank PLC
- 1989-08-29🔒Charge registered #2Lender: Barclays Bank PLC
- 1988-07-07🔒Charge registered #1Lender: Barclays Bank PLC
- 1988-03-08🏢Company incorporatedAs 02228038 LIMITED
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- -4 active directors: Broader management team in place — suggests transferable governance.
- +Long-tenure founder: Senior director has been in place 23 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 75 — succession pressure is live.
Succession & seller-readiness
Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
- primaryFounder aged 70+: Senior director is approximately 75 years old. Natural succession window is now.
- primary20+ year tenure: Director in role 23 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 38 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
3 high · 3 med ·Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.
Evidence: Next due: 2011-01-31
Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.
Evidence: Next due: 2016-10-06
Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2013-04-18: gazette-dissolved-liquidation; 2013-01-18: liquidation-in-administration-move-to-dissolution-with-case-end-date
Companies House flags prior insolvency events. Review the insolvency filings for context.
Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Name changes can be benign (rebrand) but can also precede distress, phoenix activity, or buyer concealment.
Evidence: 2025-10-06: certificate-change-of-name-company
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 · Automotive · L postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| 16609625 LTD→ 16609625 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| 1ST CARSHOP 2000 LTD→ 17105001 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| 555 GARAGE SERVICES LIMITED→ 16323691 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| A & K MOTOR CLINIC LIMITED→ 07105782 · est 2009 · no financials extracted | — | — | — | — | 16y | — | — |
| A & L COMPONENTS LIMITED→ 04450273 · est 2002 · no financials extracted | — | — | — | — | 23y | — | — |
| A 2 Z CAR SALES LIVERPOOL LTD→ 13311028 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| A A TRANSPORTER LIMITED→ 13151569 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| A1 SERVICE AND REPAIRS LTD→ 12425091 · est 2020 · no financials extracted | — | — | — | — | 6y | — | — |
| AAH MOTORS LIMITED→ 11447453 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| ABAC TRANSPORT & TRADING LTD→ 00555517 · est 1955 · no financials extracted | — | — | — | — | 70y | — | — |
| ACCESS CAR REPAIRS LTD→ 11908498 · est 2019 · no financials extracted | — | — | — | — | 7y | — | — |
| ACCESS KEYS LTD→ 16394286 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
13 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 (5 active · 8 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Bibby Financial Services Bibby Financial Services Limited | Debenture | 1 property | 26/05/2011 | — | |
| outstanding | National Westminster Bank National Westminster Bank PLC | Legal mortgage | 1 property | 18/04/1996 | — | |
| outstanding | National Westminster Bank National Westminster Bank PLC | Mortgage debenture | 1 property | 27/02/1992 | — | |
| satisfied | Barclays Barclays Bank PLC | Legal charge | 1 property | 25/01/1991 | 12/11/1992 | |
| satisfied | Barclays Barclays Bank PLC | Debenture | 1 property | 29/08/1989 | 12/11/1992 | |
| satisfied | Barclays Barclays Bank PLC | Legal charge | 1 property | 07/07/1988 | 12/11/1992 |