HANSAR FINANCE LIMITED

⚰️Wound downdissolved
02292152 · ltd · incorporated 1988-09-01
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
50/100
Worth a look
🔔
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What this business does
Primary activity: SIC 6523
Sector: Financial & insurance
Investor take
Pass (distressed without resilience)
Distressed unclear — structural issues outweigh the discount.

Opportunity 50/100 (worth a look), bankability 52/100. Strong seller-intent signal (88/100, director aged 70). Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: Consolidate lender relationships. 10 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

38 live charges · 7 lenders · oldest 36.0y

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 36.0 years old — likely at or near maturity.
  • · 7 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
38 charges (38/38 with lender, 38/38 with type)
90
Directors & officers
18 officers (3 active, 18 linked, 15 with DOB)
87
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
15 connected companies via shared directors
90
Filing history
193 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
50/100Worth 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
80
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 (132 events)Click to expand
  1. 2014-12-23
    ⚠️
    gazette-dissolved-liquidation
    gazette · GAZ2
  2. 2014-12-23
    🏁
    Company dissolved
  3. 2014-09-23
    ⚠️
    liquidation-voluntary-members-return-of-final-meeting
    insolvency · 4.71
  4. 2014-02-20
    ⚠️
    liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date
    insolvency · 4.68
  5. 2013-04-02
    ⚠️
    liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date
    insolvency · 4.68
  6. 2012-01-25
    ⚠️
    liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date
    insolvency · 4.68
  7. 2011-10-07
    LINSLEY, Scott resigned
    director
  8. 2011-10-07
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  9. 2011-01-07
    ⚠️
    liquidation-voluntary-appointment-of-liquidator
    insolvency · 600
  10. 2011-01-07
    📄
    resolution
    resolution · RESOLUTIONS
  11. 2011-01-07
    ⚠️
    liquidation-voluntary-declaration-of-solvency
    insolvency · 4.70
  12. 2011-01-06
    📍
    change-registered-office-address-company-with-date-old-address
    address · AD01
  13. 2010-12-06
    📄
    appoint-person-director-company-with-name
    officers · AP01
  14. 2010-10-04
    📄
    termination-director-company-with-name
    officers · TM01
  15. 2010-10-04
    📄
    termination-director-company-with-name
    officers · TM01
  16. 2010-10-04
    📄
    appoint-person-director-company-with-name
    officers · AP01
  17. 2010-10-04
    📄
    appoint-person-director-company-with-name
    officers · AP01
  18. 2010-10-01
    EVANS, Martin William resigned
    director
  19. 2010-10-01
    MORLEY, Colin Richard resigned
    director
  20. 2010-09-30
    COLES, Shaun Patrick appointed
    director
  21. 2010-09-30
    GREEN, David Martin appointed
    director
  22. 2010-09-30
    LINSLEY, Scott appointed
    director
  23. 2010-07-27
    📄
    legacy
    mortgage · MG02
  24. 2010-07-27
    📄
    legacy
    mortgage · MG02
  25. 2010-07-27
    📄
    legacy
    mortgage · MG02
  26. 2010-07-27
    📄
    legacy
    mortgage · MG02
  27. 2010-07-27
    📄
    legacy
    mortgage · MG02
  28. 2010-07-27
    📄
    legacy
    mortgage · MG02
  29. 2010-07-27
    📄
    legacy
    mortgage · MG02
  30. 2010-07-27
    📄
    legacy
    mortgage · MG02
  31. 2010-07-27
    📄
    legacy
    mortgage · MG02
  32. 2010-07-27
    📄
    legacy
    mortgage · MG02
  33. 2010-07-17
    🔓
    Charge satisfied #38
  34. 2010-07-17
    🔓
    Charge satisfied #37
  35. 2010-07-17
    🔓
    Charge satisfied #36
  36. 2010-07-17
    🔓
    Charge satisfied #35
  37. 2010-07-17
    🔓
    Charge satisfied #34
  38. 2010-07-17
    🔓
    Charge satisfied #33
  39. 2010-07-17
    🔓
    Charge satisfied #32
  40. 2010-07-17
    🔓
    Charge satisfied #31
  41. 2010-07-17
    🔓
    Charge satisfied #30
  42. 2010-07-17
    🔓
    Charge satisfied #29
  43. 2010-07-17
    🔓
    Charge satisfied #28
  44. 2010-07-17
    🔓
    Charge satisfied #27
  45. 2010-07-17
    🔓
    Charge satisfied #26
  46. 2010-07-17
    🔓
    Charge satisfied #25
  47. 2010-07-17
    🔓
    Charge satisfied #24
  48. 2010-07-17
    🔓
    Charge satisfied #23
  49. 2010-07-17
    🔓
    Charge satisfied #22
  50. 2010-07-17
    🔓
    Charge satisfied #21
Showing most recent 50 of 132 events

Owner dependency

83/100
Critical — business is the founder

The 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 16 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 70 — succession pressure is live.

Succession & seller-readiness

89/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 70 years old. Natural succession window is now.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondary12+ year tenure: Director in role 16 years.
  • 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
high

Company has been dissolved — it no longer legally exists. Any diligence here is historical only.

Evidence: Dissolved on 2014-12-23

7 insolvency-related filings on record
high

Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.

Evidence: 2014-12-23: gazette-dissolved-liquidation; 2014-09-23: liquidation-voluntary-members-return-of-final-meeting

Charge satisfaction-then-recreation pattern
medium

Multiple 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 →

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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
Incorporated1988-09-01
Jurisdictionengland-wales
Primary SIC6523 — SIC 6523

Registered office

Griffins Tavistock House South
Tavistock Square
London
WC1H 9LG

Filing status

Accounts
Next due:
Last made up to: 2009-12-31
Confirmation statement
Next due:
Last:

Officers (0 active · 15 resigned)

HAWKER, Richard Allen
secretary · appointed 2006-03-31
View their other companies + combined net worth →
Active
COLES, Shaun Patrick
director · ~53y · appointed 2010-09-30
View their other companies + combined net worth →
Active
GREEN, David Martin
director · ~70y · appointed 2010-09-30
View their other companies + combined net worth →
Active
CROSS, Judith
secretary · resigned 2000-06-01
Resigned
SINCLAIR FORD, Ian Andrew
secretary · appointed 2000-06-01 · resigned 2006-03-31
Resigned
BLACKIE, Stephen Andrew
director · ~67y · appointed 2000-06-01 · resigned 2001-03-16
Resigned
CROSS, Judith
director · ~71y · resigned 2000-06-01
Resigned
CROSS, Terence Joseph
director · ~68y · resigned 2006-10-19
Resigned
DUFFY, Anthony Paul
director · ~65y · appointed 2000-11-29 · resigned 2001-03-02
Resigned
EVANS, Martin William
director · ~62y · appointed 2002-01-10 · resigned 2010-10-01
Resigned
JONES, Robert David
director · ~74y · appointed 2000-09-20 · resigned 2002-01-10
Resigned
LEE, Andrew Philip, Mr.
director · ~63y · appointed 2000-06-01 · resigned 2001-02-26
Resigned
LINSLEY, Scott
director · ~56y · appointed 2010-09-30 · resigned 2011-10-07
Resigned
MARKS, Norman
director · ~77y · appointed 2000-06-01 · resigned 2001-03-30
Resigned
MORLEY, Colin Richard
director · ~62y · appointed 2003-04-01 · resigned 2010-10-01
Resigned
SWANN, Andrew Blyth
director · ~74y · appointed 2001-03-30 · resigned 2007-03-31
Resigned
TELFORD, Ronald
director · ~83y · resigned 2010-01-11
Resigned
TOWERS, Robert Leslie
director · ~72y · appointed 2001-03-30 · resigned 2008-04-01
Resigned

Click a director name to see their full track record across all companies.

Mortgages & charges

38
Total charges
0
Outstanding
0
Active lenders
Status:Lender:38 of 38 shown
TypeProperties
satisfied
Royscot Trust
Royscot Trust PLC
Supplementary schedule executed pursuant to a master agreement dated 12TH july 19961 property14/03/200017/07/2010
satisfied
Virgin Money
Yorkshire Bank PLC
Supplemental charge and assignment of sub-agreements1 property03/09/199917/07/2010
satisfied
Virgin Money
Yorkshire Bank PLC
Charge and assignment of sub-agreements1 property06/07/199917/07/2010
satisfied
Co-operative Bank
The Co-Operative Bank PLC
Legal charge (under a block discounting agreement dated 6TH april 1999)1 property06/04/199917/07/2010
satisfied
Virgin Money
Yorkshire Bank PLC
Supplemental charge and assignment of sub-agreements1 property19/01/199917/07/2010
satisfied
Royscot Trust
Royscot Trust PLC
Supplementary schedule pursuant to a master agreement dated 12TH july 19961 property13/01/199917/07/2010
satisfied
Virgin Money
Yorkshire Bank PLC
Charge and assignment of sub-agreements1 property24/11/199817/07/2010
satisfied
Virgin Money
Yorkshire Bank PLC
Charge and assignment of sub-agreements1 property23/10/199817/07/2010
satisfied
Royscot Trust
Royscot Trust PLC
Supplementary schedule executed pursuant to a master agreement dated 12TH july 19961 property18/08/199817/07/2010
satisfied
Royscot Trust
Royscot Trust PLC
Supplementary schedule executed pursuant to a master agreement dated 12TH july 19961 property12/06/199817/07/2010
satisfied
Royscot Trust
Royscot Trust PLC
Supplementary schedule (executed pursuant to a master agreement dated 12 july 1996)1 property04/06/199817/07/2010
satisfied
Royscot Trust
Royscot Trust PLC
Supplementary schedule executed pursuant to a master agreement dated 12 july 19961 property24/04/199817/07/2010
satisfied
Royscot Trust
Royscot Trust PLC
Supplementary schedule executed pursuant to a master agreement dated 12TH july 19961 property09/04/199817/07/2010
satisfied
Royscot Trust
Royscot Trust PLC
Supplementary schedule executed pursuant to a master agrement dated 12TH july 19961 property03/03/199817/07/2010
satisfied
Royscot Trust
Royscot Trust PLC
Supplementary schedule executed pursuant to a master agreement dated 12TH july 19961 property02/12/199717/07/2010
satisfied
National Westminster Bank
National Westminster Bank PLC
Charge1 property21/11/199717/07/2010
satisfied
Virgin Money
Yorkshire Bank PLC
Charge and assignment of sub-agreements1 property10/09/199717/07/2010
satisfied
Royscot Trust
Royscot Trust PLC
Supplementary schedule executed pursuant to a master agreement dated 12TH july 19961 property14/05/199717/07/2010
satisfied
Royscot Trust
Royscot Trust PLC
Supplementary schedule1 property09/04/199717/07/2010
satisfied
Royscot Trust
Royscot Trust PLC
Supplementary schedule1 property14/02/199717/07/2010
satisfied
Royscot Trust
Royscot Trust PLC
Supplementary schedule (pursuant to a master agreement dated 12 july 1996)1 property22/01/199717/07/2010
satisfied
Royscot Trust
Royscot Trust PLC
Supplemental schedule executed pursuant to a master agreement1 property07/01/199717/07/2010
satisfied
Royscot Trust
Royscot Trust PLC
Supplementary schedule executed pursuant to a master agreement dated 12TH july 19961 property03/01/199717/07/2010
satisfied
National Westminster Bank
National Westminster Bank PLC
Charge1 property18/11/199617/07/2010
satisfied
Royscot Trust
Royscot Trust PLC
Supplementary schedule executed pursuant to a master agreement dated 12TH july 1996 (as defined)1 property12/11/199617/07/2010
satisfied
Royscot Trust
Royscot Trust PLC
Supplementary schedule executed pursuant to a master agreement dated 12TH july 19961 property24/10/199617/07/2010
satisfied
Royscot Trust
Royscot Trust PLC
Supplementary schedule1 property08/10/199617/07/2010
satisfied
Royscot Trust
Royscot Trust PLC
Supplementary schedule1 property08/10/199617/07/2010
satisfied
Royscot Trust
Royscot Trust PLC
Supplementary schedule executed pursuant to a master agreement dated 12TH july 19961 property23/09/199617/07/2010
satisfied
Royscot Trust
Royscot Trust PLC
Supplementary schedule executed pursuant to a master agreement dated 12TH july 1996 and issued by the company1 property20/09/199617/07/2010
satisfied
Singer & Friedlander Leasing
Singer & Friedlander Leasing Limited
Master block discounting agreement1 property19/09/199617/07/2010
satisfied
Royscot Trust
Royscot Trust PLC
Supplementary schedule1 property23/08/199617/07/2010
satisfied
Royscot Trust
Royscot Trust PLC
Supplementary schedule1 property20/08/199617/07/2010
satisfied
Royscot Industrial Leasing / Royscot Trust / Royscot Commercial Leasing / Royscot Leasing / Royscot Spa Leasing
Royscot Industrial Leasing Limited / Royscot Trust PLC / Royscot Commercial Leasing Limited / Royscot Leasing Limited / Royscot Spa Leasing Limited
Master agreement1 property12/07/199617/07/2010
satisfied
Virgin Money
Yorkshire Bank PLC
Block discount master agreement1 property03/11/199513/08/1998
satisfied
Hitachi Credit (U.K.) .
Hitachi Credit (U.K.) PLC.
Block discounting agreement.1 property13/03/199517/07/2010
satisfied
National Westminster Bank
National Westminster Bank PLC
Legal mortgage1 property01/07/199431/05/2000
satisfied
National Westminster Bank
National Westminster Bank PLC
Mortgage debenture1 property13/06/199017/07/2010

Recent filings (193 total)

gazette-dissolved-liquidation
gazette · GAZ2
2014-12-23
liquidation-voluntary-members-return-of-final-meeting
insolvency · 4.71
2014-09-23
liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date
insolvency · 4.68
2014-02-20
liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date
insolvency · 4.68
2013-04-02
liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date
insolvency · 4.68
2012-01-25
termination-director-company-with-name-termination-date
officers · TM01
2011-10-07
liquidation-voluntary-appointment-of-liquidator
insolvency · 600
2011-01-07
resolution
resolution · RESOLUTIONS
2011-01-07
liquidation-voluntary-declaration-of-solvency
insolvency · 4.70
2011-01-07
change-registered-office-address-company-with-date-old-address
address · AD01
2011-01-06
appoint-person-director-company-with-name
officers · AP01
2010-12-06
termination-director-company-with-name
officers · TM01
2010-10-04
termination-director-company-with-name
officers · TM01
2010-10-04
appoint-person-director-company-with-name
officers · AP01
2010-10-04
appoint-person-director-company-with-name
officers · AP01
2010-10-04