TERMINUS 61 LIMITED
🌳Matureactive
02336822 · ltd · incorporated 1989-01-19
Investment thesis
Looks cheap but ownership + security both unclear — probable value trap.
Why interesting: Headline metrics may be attractive.
Why risky: No PSC visibility combined with multiple live charges; transacting likely slow and expensive.
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
62/100
Worth a look
What this business does
Primary activity: SIC 2222
Sector: Manufacturing
Investor take
Pass (distressed without resilience)Distressed admin-neglect survivor — structural issues outweigh the discount.
Opportunity 62/100 (worth a look), bankability 47/100. Strong seller-intent signal (68/100, director aged 66). 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: share sale to pe / searcher (45/100). Current lenders should be on monthly review.
🏦
Refinance opportunity
8 live charges · 7 lenders · oldest 27.7y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 27.7 years old — likely at or near maturity.
- · 7 lenders named — inter-creditor friction likely.
- · Legal-friction score 30/100 — workable, but lender will want more DD.
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
8 charges (8/8 with lender, 8/8 with type)
90
Directors & officers
35 officers (4 active, 35 linked, 31 with DOB)
88
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
22 connected companies via shared directors
90
Filing history
173 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
62/100Worth a look
PassWatchWorth a lookStrongExceptional
Mixed signal. Worth opening the full target workup before deciding to pursue.
Business quality
45
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 (100 events)Click to expand
- 2025-10-01📄termination-director-company-with-name-termination-dateofficers · TM01
- 2017-05-10📄restoration-order-of-courtrestoration · AC92
- 2016-05-25📄bona-vacantia-companyrestoration · BONA
- 2012-01-31📄gazette-dissolved-voluntarygazette · GAZ2(A)
- 2012-01-31🏁Company dissolved
- 2011-10-18📄gazette-notice-voluntarygazette · GAZ1(A)
- 2011-10-05📄dissolution-application-strike-off-companydissolution · DS01
- 2011-09-30➖HEARN, Catherine Ann resigneddirector
- 2011-07-13📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2011-06-29📄change-account-reference-date-company-previous-extendedaccounts · AA01
- 2011-05-12✏️certificate-change-of-name-companychange-of-name · CERTNM
- 2011-05-12✏️change-of-name-noticechange-of-name · CONNOT
- 2011-04-28📄legacymortgage · MG02
- 2011-04-28📄legacymortgage · MG02
- 2011-04-28📄legacymortgage · MG02
- 2011-04-28📄legacymortgage · MG02
- 2011-04-21🔓Charge satisfied #8
- 2011-04-21🔓Charge satisfied #7
- 2011-04-21🔓Charge satisfied #6
- 2011-04-21🔓Charge satisfied #5
- 2011-04-20📄legacymortgage · MG02
- 2011-04-19📄legacymortgage · MG02
- 2011-04-19📄legacymortgage · MG02
- 2011-04-19📄legacymortgage · MG02
- 2011-04-15🔓Charge satisfied #4
- 2011-04-15🔓Charge satisfied #3
- 2011-04-15🔓Charge satisfied #2
- 2011-04-15🔓Charge satisfied #1
- 2010-06-11📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2010-02-06📄accounts-with-accounts-type-dormantaccounts · AA
- 2009-10-27📄change-person-secretary-company-with-change-dateofficers · CH03
- 2009-10-22📄change-person-director-company-with-change-dateofficers · CH01
- 2009-06-17📄accounts-with-accounts-type-dormantaccounts · AA
- 2009-06-11📄legacyannual-return · 363a
- 2009-05-01📄legacyofficers · 288a
- 2009-04-09➕JOHNSTON, Peter Douglas appointeddirector
- 2009-04-09➖TIMMINS, Richard Keith resigneddirector
- 2008-11-26🔒Charge registered #8Lender: J.P. Morgan Europe Limited as Agent and Trustee for the Benefit of the Lenders
- 2008-11-25🔒Charge registered #7Lender: J.P. Morgan Europe Limited as Agent and Trustee for the Benefit of the Lenders
- 2008-03-19➖CONWAY, Andrew Ian resigneddirector
- 2008-01-07➕TIMMINS, Richard Keith appointeddirector
- 2007-08-10➖JOHNSTON, Peter Douglas resigneddirector
- 2007-04-07➖GIBSON, Iain Charles resigneddirector
- 2007-03-09🔒Charge registered #6Lender: J.P. Morgan Europe Limited (In Its Capacity as Security Agent)
- 2006-12-13🔒Charge registered #5Lender: J.P.Morgan Europe Limited for Itself and as Agent and Trustee for Each of the Secured Creditors
- 2005-06-07➕GIBSON, Iain Charles appointeddirector
- 2005-06-07➖YENDOLE, David John resigneddirector
- 2004-10-28🔒Charge registered #4Lender: 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
- 2004-06-11➕GOODWIN, Alan appointedsecretary
- 2004-06-11➕GOODWIN, Alan James appointeddirector
Showing most recent 50 of 100 events
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
- +Long-tenure founder: Senior director has been in place 25 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 66 — succession pressure is live.
Succession & seller-readiness
75/100
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 66. 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 37 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
2 high · 1 med ·Accounts overdue
highStatutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.
Evidence: Next due: 2011-12-30
Confirmation statement overdue
highAnnual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.
Evidence: Next due: 2017-06-13
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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|---|---|---|---|---|---|---|---|
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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
Statusactive
Typeltd
Incorporated1989-01-19
Jurisdictionengland-wales
Primary SIC2222 — SIC 2222
Registered office
1 Apex Business Centre
Boscombe Road
Dunstable
Bedfordshire
LU5 4SB
Filing status
Accounts
Next due: 2011-12-30OVERDUE
Last made up to: 2009-09-30
Confirmation statement
Next due: 2017-06-13OVERDUE
Last: —
Officers (4 active · 31 resigned)
Active
GOODWIN, Alan James→
Activedirector · ~60y · appointed 2004-06-11
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 →
ALDREN, Stephen→
Resignedsecretary · resigned 1998-08-03
BRIDGES, Clive→
Resignedsecretary · appointed 1999-02-01 · resigned 2004-06-11
STRAW, David John→
Resignedsecretary · appointed 1998-08-03 · resigned 1999-02-01
ALDREN, Stephen→
Resigneddirector · ~74y · resigned 2000-11-17
BRIDGES, Clive→
Resigneddirector · ~81y · appointed 1998-09-18 · resigned 2004-06-11
BROWN, Frederick James→
Resigneddirector · ~78y · appointed 1998-09-18 · resigned 2001-09-17
BURN, David Frederick→
Resigneddirector · ~91y · resigned 1996-04-01
CAVE, David William→
Resigneddirector · ~94y · resigned 1997-07-19
CLARK, Stephen John→
Resigneddirector · ~70y · appointed 1998-03-02 · resigned 2000-03-31
CLARK, Stephen John→
Resigneddirector · ~70y · appointed 1995-01-04 · resigned 1996-05-17
CONWAY, Andrew Ian→
Resigneddirector · ~80y · appointed 2001-09-17 · resigned 2008-03-19
GIBSON, Iain Charles→
Resigneddirector · ~61y · appointed 2005-06-07 · resigned 2007-04-07
GREY, Richard Kenneth→
Resigneddirector · ~85y · resigned 2000-11-16
HEARN, Catherine Ann→
Resigneddirector · ~69y · appointed 2002-08-01 · resigned 2011-09-30
JOHNSTON, Peter Douglas→
Resigneddirector · ~63y · appointed 2002-08-01 · resigned 2007-08-10
MAUGHAN, Colin→
Resigneddirector · ~91y · resigned 1995-01-04
Click a director name to see their full track record across all companies.
Mortgages & charges
8
Total charges
0
Outstanding
0
Active lenders
Status:Lender:8 of 8 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 (In Its Capacity as Security Agent) J.P. Morgan Europe Limited (In Its Capacity as Security Agent) | Supplemental security agreement | 1 property | 09/03/2007 | 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 | 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 ,as Security Trstee for the Secured Parties J.P.Morgan Europe Limited,as Security Trstee 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 (As Security Agent and Trustee for the Secured Parties) Chase Manhattan International Limited(As Security Agent and Trustee for the Secured Parties) | Supplemental deed (supplemental to a composite guarantee & debenture dated 19 june 1998) | 1 property | 04/09/1998 | 15/04/2011 |
Recent filings (173 total)
termination-director-company-with-name-termination-date
officers · TM01
2025-10-01
restoration-order-of-court
restoration · AC92
2017-05-10
bona-vacantia-company
restoration · BONA
2016-05-25
gazette-dissolved-voluntary
gazette · GAZ2(A)
2012-01-31
gazette-notice-voluntary
gazette · GAZ1(A)
2011-10-18
dissolution-application-strike-off-company
dissolution · DS01
2011-10-05
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2011-07-13
change-account-reference-date-company-previous-extended
accounts · AA01
2011-06-29
certificate-change-of-name-company
change-of-name · CERTNM
2011-05-12
change-of-name-notice
change-of-name · CONNOT
2011-05-12
legacy
mortgage · MG02
2011-04-28
legacy
mortgage · MG02
2011-04-28
legacy
mortgage · MG02
2011-04-28
legacy
mortgage · MG02
2011-04-28
legacy
mortgage · MG02
2011-04-20