TERMINUS 2 LIMITED
⚰️Wound downdissolved
02290563 · ltd · incorporated 1988-08-26
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
52/100
Worth a look
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 52/100 (worth a look), bankability 52/100. Strong seller-intent signal (68/100, director aged 69). Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: Consolidate lender relationships. 18 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: asset disposal / carve-out (45/100). Current lenders should be on monthly review.
🏦
Refinance opportunity
22 live charges · 18 lenders · oldest 37.4y
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 37.4 years old — likely at or near maturity.
- · 18 lenders named — inter-creditor friction likely.
- · Legal-friction score 65/100 (specialist).
Data confidence
Overall: low (53/100)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
22 charges (22/22 with lender, 22/22 with type)
90
Directors & officers
32 officers (5 active, 32 linked, 29 with DOB)
88
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
26 connected companies via shared directors
90
Filing history
335 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
52/100Worth a look
PassWatchWorth a lookStrongExceptional
Mixed signal. Worth opening the full target workup before deciding to pursue.
Business quality
10
Concerning — overdue filings or status flags present.
Acquirability
85
Strong succession / seller-readiness signals.
Risk profile
41
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 (120 events)Click to expand
- 2012-07-10⚠️gazette-dissolved-liquidationgazette · GAZ2
- 2012-07-10🏁Company dissolved
- 2012-04-10⚠️liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-dateinsolvency · 4.68
- 2012-04-10⚠️liquidation-voluntary-creditors-return-of-final-meetinginsolvency · 4.72
- 2011-08-17⚠️liquidation-voluntary-appointment-of-liquidatorinsolvency · 600
- 2011-08-16⚠️liquidation-miscellaneousinsolvency · LIQ MISC
- 2011-08-01⚠️liquidation-in-administration-move-to-creditors-voluntary-liquidationinsolvency · 2.34B
- 2011-06-08⚠️liquidation-in-administration-proposalsinsolvency · 2.17B
- 2011-06-07⚠️liquidation-in-administration-result-creditors-meetinginsolvency · 2.23B
- 2011-05-18⚠️liquidation-in-administration-statement-of-affairs-with-form-attachedinsolvency · 2.16B
- 2011-05-11✏️certificate-change-of-name-companychange-of-name · CERTNM
- 2011-05-11✏️change-of-name-noticechange-of-name · CONNOT
- 2011-05-03📍change-registered-office-address-company-with-date-old-addressaddress · AD01
- 2011-04-28📄legacymortgage · MG02
- 2011-04-28📄legacymortgage · MG02
- 2011-04-28📄legacymortgage · MG02
- 2011-04-28⚠️liquidation-in-administration-appointment-of-administratorinsolvency · 2.12B
- 2011-04-21🔓Charge satisfied #22
- 2011-04-21🔓Charge satisfied #21
- 2011-04-21🔓Charge satisfied #20
- 2011-04-20📄legacymortgage · MG02
- 2011-04-20📄legacymortgage · MG02
- 2011-04-20📄legacymortgage · MG02
- 2011-04-20📄legacymortgage · MG02
- 2011-04-20📄legacymortgage · MG02
- 2011-04-20📄legacymortgage · MG02
- 2011-04-15🔓Charge satisfied #19
- 2011-04-15🔓Charge satisfied #18
- 2011-04-15🔓Charge satisfied #17
- 2011-04-15🔓Charge satisfied #16
- 2011-04-15🔓Charge satisfied #15
- 2011-04-15🔓Charge satisfied #14
- 2010-05-25📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2010-02-06📄accounts-with-accounts-type-fullaccounts · AA
- 2009-10-27📄change-person-secretary-company-with-change-dateofficers · CH03
- 2009-04-09➕JOHNSTON, Peter Douglas appointeddirector
- 2009-04-09➖TIMMINS, Richard Keith resigneddirector
- 2008-11-26🔒Charge registered #22Lender: J.P. Morgan Europe Limited as Agent and Trustee for the Benefit of the Lenders
- 2008-11-25🔒Charge registered #21Lender: J.P. Morgan Europe Limited as Agent and Trustee for the Benefit of the Lenders
- 2008-01-07➕TIMMINS, Richard Keith appointeddirector
- 2007-08-10➖JOHNSTON, Peter Douglas resigneddirector
- 2006-12-13🔒Charge registered #20Lender: J.P.Morgan Europe Limited for Itself and as Agent and Trustee for Each of the Secured Creditors
- 2006-09-27🔒Charge registered #19Lender: Lloyds Tsb Bank PLC
- 2006-01-01➖ASHFIELD, John George resigneddirector
- 2005-04-07🔓Charge satisfied #10
- 2005-04-07🔓Charge satisfied #1
- 2004-10-28🔒Charge registered #18Lender: J.P. Morgan Europe Limited (Formerly Chase Manhattan International Limited) as Security Trusteefor Itself and the Other Secured Parties or Such Other Person as May from Time to Time Be Appointed Security Trustee
- 2004-10-28🔒Charge registered #17Lender: J.P. Morgan Europe Limited (Formerly Chase Manhattan International Limited) or Such Otherperson as May from Time to Time Be Appointed Security Agent and Trustee
- 2004-06-11➕GOODWIN, Alan appointedsecretary
- 2004-06-11➕GOODWIN, Alan James appointeddirector
Showing most recent 50 of 120 events
Owner dependency
65/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- -4 active directors: Broader management team in place — suggests transferable governance.
- +Long-tenure founder: Senior director has been in place 25 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 69 — succession pressure is live.
Succession & seller-readiness
80/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 63+: Senior director is approximately 69. Approaching typical UK retirement age — succession thinking likely.
- primary20+ year tenure: Director in role 25 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.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
2 high · 1 med ·Company dissolved
highCompany has been dissolved — it no longer legally exists. Any diligence here is historical only.
Evidence: Dissolved on 2012-07-10
10 insolvency-related filings on record
highFilings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2012-07-10: gazette-dissolved-liquidation; 2012-04-10: liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date
Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
🔒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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| 1ST CITY VAN HIRE LIMITED→ 07472518 · est 2010 · no financials extracted | — | — | — | — | 15y | — | — |
| 23 LEGAL & CONSULTING LTD→ 15377935 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| 2612 RECRUITMENT LIMITED→ 14982761 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
10 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
Incorporated1988-08-26
Jurisdictionengland-wales
Primary SIC7415 — SIC 7415
Registered office
322 Midtown High Holborn
London
WC1V 7PB
Filing status
Accounts
Next due: —
Last made up to: 2009-09-30
Confirmation statement
Next due: —
Last: —
Officers (0 active · 27 resigned)
Active
GOODWIN, Alan James→
Activedirector · ~60y · appointed 2004-06-11
View their other companies + combined net worth →
HEARN, Catherine Ann→
Activedirector · ~69y · appointed 2002-08-01
View their other companies + combined net worth →
HIBBERT, Barry Alan→
Activedirector · ~66y · appointed 2001-07-30
View their other companies + combined net worth →
JOHNSTON, Peter Douglas→
Activedirector · ~63y · appointed 2009-04-09
View their other companies + combined net worth →
BRIDGES, Clive→
Resignedsecretary · appointed 1993-02-01 · resigned 2004-06-11
DELANEY, Martin Terence→
Resignedsecretary · resigned 1993-01-31
ALLEN, Leon Robert→
Resigneddirector · ~87y · appointed 1994-04-13 · resigned 1996-11-26
ASHFIELD, John George→
Resigneddirector · ~77y · appointed 1996-09-01 · resigned 2006-01-01
ASHFIELD, John George→
Resigneddirector · ~77y · resigned 1995-07-27
BRAMLEY, Christopher John→
Resigneddirector · ~82y · appointed 1995-09-26 · resigned 1998-06-30
BRIDGES, Clive→
Resigneddirector · ~81y · appointed 2001-07-30 · resigned 2004-06-11
BROOKS, Roderick Hilary→
Resigneddirector · ~72y · appointed 1992-06-02 · resigned 1998-06-19
BROWN, Frederick James→
Resigneddirector · ~78y · resigned 2001-09-17
BRYAN, Nicholas Martin→
Resigneddirector · ~73y · appointed 1998-06-19 · resigned 2002-09-12
CURRAN, Stephen William→
Resigneddirector · ~83y · resigned 1992-05-26
DOUGHTY, Nigel Edward→
Resigneddirector · ~69y · resigned 1996-01-03
GARRAWAY, Brian Pattison→
Resigneddirector · ~95y · appointed 1993-01-01 · resigned 1993-09-24
GARWOOD, Geoffrey William→
Resigneddirector · ~82y · appointed 1998-09-08 · resigned 2001-09-28
GARWOOD, Geoffrey William→
Resigneddirector · ~82y · resigned 1998-06-15
Click a director name to see their full track record across all companies.
Mortgages & charges
22
Total charges
0
Outstanding
0
Active lenders
Status:Lender:22 of 22 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | J.P. Morgan Europe as Agent and Trustee for the Benefit of the Lenders J.P. Morgan Europe Limited as Agent and Trustee for the Benefit of the Lenders | Security agreement | 1 property | 26/11/2008 | 21/04/2011 | |
| satisfied | J.P. Morgan Europe as Agent and Trustee for the Benefit of the Lenders J.P. Morgan Europe Limited as Agent and Trustee for the Benefit of the Lenders | Amendment agreement relating to the security agreement dated 13 december 2006 and | 1 property | 25/11/2008 | 21/04/2011 | |
| satisfied | J.P.Morgan Europe for Itself and as Agent and Trustee for Each of the Secured Creditors J.P.Morgan Europe Limited for Itself and as Agent and Trustee for Each of the Secured Creditors | Security agreement | 1 property | 13/12/2006 | 21/04/2011 | |
| satisfied | Lloyds Banking Group Lloyds Tsb Bank PLC | A deed of admission to an omnibus letter of set-off dated 19TH june 1998 | 1 property | 27/09/2006 | 15/04/2011 | |
| satisfied | J.P. Morgan Europe (Formerly Chase Manhattan International ) as Security Trusteefor Itself and the Other Secured Parties or Such Other Person as May from Time to Time Be Appointed Security Trustee J.P. Morgan Europe Limited (Formerly Chase Manhattan International Limited) as Security Trusteefor Itself and the Other Secured Parties or Such Other Person as May from Time to Time Be Appointed Security Trustee | Restated amendment to the supplemental deed to a composite guarantee and debenture dated 19 june 1998 and dated 4 september 1998 | 1 property | 28/10/2004 | 15/04/2011 | |
| satisfied | J.P. Morgan Europe (Formerly Chase Manhattan International ) or Such Otherperson as May from Time to Time Be Appointed Security Agent and Trustee J.P. Morgan Europe Limited (Formerly Chase Manhattan International Limited) or Such Otherperson as May from Time to Time Be Appointed Security Agent and Trustee | Restated amendment of and accession to the composite guarantee & debenture dated 19/06/98 | 1 property | 28/10/2004 | 15/04/2011 | |
| satisfied | J.P.Morgan Europe ,as Security Trustee for the Secured Parties J.P.Morgan Europe Limited,as Security Trustee for the Secured Parties | A composite guarantee and debenture between polestar,the polestar corporation PLC,certain subsidiaries of polestar and J.P.morgan europe limited | 6 properties | 28/01/2002 | 15/04/2011 | |
| satisfied | Chase Manhattan International (As Security Trustee for Itself and Investcorp Fundinglimited) Chase Manhattan International Limited (As Security Trustee for Itself and Investcorp Fundinglimited) | A composite guarantee and debenture between the chargor, the polestar corporation PLC, certain subsidiaries of the chargor and chase manhattan international limited | 1 property | 26/10/2001 | 15/04/2011 | |
| satisfied | Chase Manhattan International Chase Manhattan International Limited | Composite guarantee and debenture | 1 property | 19/06/1998 | 15/04/2011 | |
| satisfied | Chemical Investment Bank Limitedas Security Agent (As Defined Therein) | Composite guarantee and debenture | 1 property | 28/12/1995 | 26/06/1998 | |
| satisfied | Standard Chartered Bank Therein)as Agent and Trustee for the Lenders (As Defined | Supplemental deed | 1 property | 28/12/1995 | 26/06/1998 | |
| satisfied | First Britannia Mezzanine Capital B.V. | Assignment | 1 property | 30/09/1994 | 22/01/1996 | |
| satisfied | The Governor and Company of the Bank of Scotlandft Banks as Defined.as Agent & Trustee for the Banks and the Overdra | Composite guarantee & debenture | 1 property | 13/01/1990 | 08/06/1998 | |
| satisfied | The Governor and Company of the Bank of Scotlandas Agent and Trustee for the Banks (As Defined) | Composite guarantee & debenture | 1 property | 29/12/1989 | 08/06/1998 | |
| satisfied | The Governor and Company of the Bank of Scotlandas Agent and Trustee Forhe Banks (As Defined) | Composite guarantee & debenture | 1 property | 10/02/1989 | 08/06/1998 | |
| satisfied | The Governor and Company of the Bank of Scotlandas Agent and Trustee for the Banks (As Defined) | Composite guarantee & debenture | 1 property | 08/02/1989 | 08/06/1998 | |
| satisfied | Standard Chartered Bankas Defined)as Agent and Trustee for the Mezzanine Lenders ( | Composite guarantee & debenture | 1 property | 31/01/1989 | 26/06/1998 | |
| satisfied | The Governor and Company of the Bank of Scotlandas Agent and Trustee for the Banks (As Defined) | Composite guarantee & debenture | 1 property | 13/01/1989 | 07/04/2005 | |
| satisfied | The Governor and Company of the Bank of Scotlandas Agent and Trustee for the Banks (As Defined) | Composite guarantee & debenture | 1 property | 13/01/1989 | 08/06/1998 | |
| satisfied | Standard Chartered Banksas Agent and Trustee for the Mezzanine Lenders | Composite guarantee & debenture | 1 property | 13/01/1989 | 26/06/1998 | |
| satisfied | The Governor and Company of the Bank of Scotlandraft Bank.as Agent and Trustee for the Banks and the Overd | Composite guarantee & debenture | 1 property | 13/01/1989 | 22/01/1996 | |
| satisfied | Standard Chartered Bankas Agent and Trustee for the Lenders | Composite guarantee and debenture | 1 property | 13/01/1989 | 07/04/2005 |
Recent filings (335 total)
gazette-dissolved-liquidation
gazette · GAZ2
2012-07-10
liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date
insolvency · 4.68
2012-04-10
liquidation-voluntary-creditors-return-of-final-meeting
insolvency · 4.72
2012-04-10
liquidation-voluntary-appointment-of-liquidator
insolvency · 600
2011-08-17
liquidation-miscellaneous
insolvency · LIQ MISC
2011-08-16
liquidation-in-administration-move-to-creditors-voluntary-liquidation
insolvency · 2.34B
2011-08-01
liquidation-in-administration-proposals
insolvency · 2.17B
2011-06-08
liquidation-in-administration-result-creditors-meeting
insolvency · 2.23B
2011-06-07
liquidation-in-administration-statement-of-affairs-with-form-attached
insolvency · 2.16B
2011-05-18
certificate-change-of-name-company
change-of-name · CERTNM
2011-05-11
change-of-name-notice
change-of-name · CONNOT
2011-05-11
change-registered-office-address-company-with-date-old-address
address · AD01
2011-05-03
legacy
mortgage · MG02
2011-04-28
legacy
mortgage · MG02
2011-04-28
legacy
mortgage · MG02
2011-04-28