B.M. MAGNETICS (UK) LIMITED
⚰️Wound downdissolved
02328648 · ltd · incorporated 1988-12-15
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
51/100
Worth a look
What this business does
Primary activity: Non-specialised wholesale trade
Sector: Wholesale & retail
Investor take
Pass (distressed without resilience)Distressed unclear — structural issues outweigh the discount.
Opportunity 51/100 (worth a look), bankability 70/100. 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).
Data confidence
Overall: medium (55/100)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
Confirmed no charges registered
85
Directors & officers
7 officers (2 active, 7 linked, 4 with DOB)
81
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
93 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
51/100Worth 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
55
Some acquirability indicators.
Risk profile
49
Multiple red flags — proceed with caution.
Signal strength
90
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 (29 events)Click to expand
- 2024-11-05📄gazette-dissolved-voluntarygazette · GAZ2(A)
- 2024-11-05🏁Company dissolved
- 2024-08-20📄gazette-notice-voluntarygazette · GAZ1(A)
- 2024-08-13📄dissolution-application-strike-off-companydissolution · DS01
- 2024-06-03📄capital-statement-capital-company-with-date-currency-figurecapital · SH19
- 2024-05-21📄legacycapital · SH20
- 2024-05-21⚠️legacyinsolvency · CAP-SS
- 2024-05-21📄resolutionresolution · RESOLUTIONS
- 2024-02-29📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-05-02📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-02-23📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2023-02-23📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-02-13➖ARMSTRONG, Michael Thomas resigneddirector
- 2022-05-06📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-04-14📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-09-23📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-08-04📄appoint-person-director-company-with-name-dateofficers · AP01
- 2020-07-23➕ARMSTRONG, Mark Ian appointeddirector
- 2019-04-02📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2018-08-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2017-09-07📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2005-03-11➕ARMSTRONG, Petronella appointedsecretary
- 2005-03-11➖ARMSTRONG, Michael Thomas resignedsecretary
- 2004-10-20➖BAKKER, Gerarous Johanhus Amtomius resigneddirector
- 2002-01-01➖BAKKER, Gerardus Henricus resigneddirector
- 2002-01-01➕BAKKER, Gerarous Johanhus Amtomius appointeddirector
- 1994-08-12➖ARMSTRONG, Petronella Mary resignedsecretary
- 1994-08-11➕ARMSTRONG, Petronella Mary appointedsecretary
- 1988-12-15🏢Company incorporatedAs B.M. MAGNETICS (UK) LIMITED
Owner dependency
75/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Sole director: Only one active director — all governance concentrated on one person.
Succession & seller-readiness
55/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- secondaryStable-but-static management: Company is 37 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
2 high ·Company dissolved
highCompany has been dissolved — it no longer legally exists. Any diligence here is historical only.
Evidence: Dissolved on 2024-11-05
1 insolvency-related filing on record
highFilings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2024-05-21: legacy
Shareholders & ownership
1 active beneficial owner| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mrs Petronella Mary Armstrong Individual · British · DOB 09/1946 · age 80 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 06/04/2017 |
1 historic (ceased) PSC
- Mr Michael Thomas Armstrongceased 13/02/2023· 25-50% shares · 25-50% voting
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
Active · Wholesale & distribution · SN postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| 6M FAM LTD→ 13930021 · est 2022 · no financials extracted | — | — | — | — | 4y | — | — |
| A & E ELECTRICAL WHOLESALERS LIMITED→ 14493881 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| A & L TILES ONLINE LTD→ 14822993 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| A J WRIGHT (LIVERPOOL) LTD→ 07942195 · est 2012 · no financials extracted | — | — | — | — | 14y | — | — |
| A&D CLEANING SERVICES (SOUTH WEST) LTD→ 14917534 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| ACTIVE PLUMBING SUPPLIES (CALNE) LIMITED→ 07068920 · est 2009 · no financials extracted | — | — | — | — | 16y | — | — |
| ACTIVE PLUMBING SUPPLIES (CAM) LTD→ 15671683 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| ACTIVE PLUMBING SUPPLIES (CIRENCESTER) LIMITED→ 07233915 · est 2010 · no financials extracted | — | — | — | — | 15y | — | — |
| ACTIVE PLUMBING SUPPLIES (FARINGDON) LIMITED→ 08543269 · est 2013 · no financials extracted | — | — | — | — | 12y | — | — |
| ACTIVE PLUMBING SUPPLIES (MALMESBURY) LIMITED→ 07823010 · est 2011 · no financials extracted | — | — | — | — | 14y | — | — |
| ACTIVE PLUMBING SUPPLIES (MARLBOROUGH) LIMITED→ 12977201 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| ACTIVE PLUMBING SUPPLIES (PLYMOUTH) LIMITED→ 10967048 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
9 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
Incorporated1988-12-15
Jurisdictionengland-wales
Primary SIC46900 — Non-specialised wholesale trade
Registered office
Pennyfields Malmesbury Road
Leigh
Swindon
Wiltshire
SN6 6RA
Filing status
Accounts
Next due: —
Last made up to: 2023-12-31
Confirmation statement
Next due: —
Last: 2024-06-01
Officers (0 active · 5 resigned)
ARMSTRONG, Petronella→
Activesecretary · appointed 2005-03-11
View their other companies + combined net worth →
ARMSTRONG, Mark Ian→
Activedirector · ~56y · appointed 2020-07-23
View their other companies + combined net worth →
ARMSTRONG, Michael Thomas→
Resignedsecretary · resigned 2005-03-11
ARMSTRONG, Petronella Mary→
Resignedsecretary · appointed 1994-08-11 · resigned 1994-08-12
ARMSTRONG, Michael Thomas→
Resigneddirector · ~80y · resigned 2023-02-13
BAKKER, Gerardus Henricus→
Resigneddirector · ~87y · resigned 2002-01-01
BAKKER, Gerarous Johanhus Amtomius→
Resigneddirector · ~60y · appointed 2002-01-01 · resigned 2004-10-20
Click a director name to see their full track record across all companies.
Recent filings (93 total)
gazette-dissolved-voluntary
gazette · GAZ2(A)
2024-11-05
gazette-notice-voluntary
gazette · GAZ1(A)
2024-08-20
dissolution-application-strike-off-company
dissolution · DS01
2024-08-13
confirmation-statement-with-updates
confirmation-statement · CS01
2024-06-11
capital-statement-capital-company-with-date-currency-figure
capital · SH19
2024-06-03
legacy
capital · SH20
2024-05-21
legacy
insolvency · CAP-SS
2024-05-21
resolution
resolution · RESOLUTIONS
2024-05-21
accounts-with-accounts-type-micro-entity
accounts · AA
2024-02-29
confirmation-statement-with-updates
confirmation-statement · CS01
2023-06-01
accounts-with-accounts-type-micro-entity
accounts · AA
2023-05-02
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-02-23
termination-director-company-with-name-termination-date
officers · TM01
2023-02-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-06-01
accounts-with-accounts-type-micro-entity
accounts · AA
2022-05-06