NOVAR PROPERTIES LIMITED

⚰️Wound downdissolved
02340596 · ltd · incorporated 1989-01-30
Investment thesis
Company dissolved — not a live target.
Why interesting: Historical record only; useful for precedent research.
Why risky: Not transactable.
🔒Estimated value
—
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Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
49/100
Watch
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What this business does
Primary activity: Non-trading company
Sector: Professional, scientific & technical
Investor take
Pass (distressed without resilience)
Distressed dormant / non-trading — structural issues outweigh the discount.

Opportunity 49/100 (watch), bankability 50/100. 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: 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). Current lenders should be on monthly review.

Data confidence

Overall: medium (59/100)

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
18 officers (1 active, 18 linked, 14 with DOB)
86
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
156 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
49/100Watch
PassWatchWorth a lookStrongExceptional 

Not actionable now, but monitor — distressed, succession, or structural changes could flip this into a real opportunity.

Business quality
10
Concerning — overdue filings or status flags present.
Acquirability
70
Strong succession / seller-readiness signals.
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 (51 events)Click to expand
  1. 2025-05-27
    ⚠️
    gazette-dissolved-liquidation
    gazette · GAZ2
  2. 2025-05-27
    🏁
    Company dissolved
  3. 2025-02-27
    ⚠️
    liquidation-voluntary-members-return-of-final-meeting
    insolvency · LIQ13
  4. 2024-01-08
    ⚠️
    liquidation-voluntary-declaration-of-solvency
    insolvency · LIQ01
  5. 2024-01-08
    ⚠️
    liquidation-voluntary-appointment-of-liquidator
    insolvency · 600
  6. 2024-01-08
    📄
    resolution
    resolution · RESOLUTIONS
  7. 2023-11-07
    📄
    capital-statement-capital-company-with-date-currency-figure
    capital · SH19
  8. 2023-11-07
    📄
    legacy
    capital · SH20
  9. 2023-11-07
    ⚠️
    legacy
    insolvency · CAP-SS
  10. 2023-11-07
    📄
    resolution
    resolution · RESOLUTIONS
  11. 2023-07-07
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  12. 2022-09-01
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  13. 2021-07-12
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  14. 2020-08-05
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  15. 2020-08-05
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  16. 2020-07-31
    ➕
    MOUNZEO, Lazare appointed
    director
  17. 2020-07-31
    ➖
    SARAF, Ashish Kumar resigned
    director
  18. 2020-04-27
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  19. 2019-04-24
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  20. 2018-04-11
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  21. 2017-11-21
    📍
    change-sail-address-company-with-old-address-new-address
    address · AD02
  22. 2017-02-13
    ➖
    MCCORMACK, Stuart Robert resigned
    director
  23. 2017-02-13
    ➕
    SARAF, Ashish Kumar appointed
    director
  24. 2016-10-07
    ➖
    FRASER, Grant William resigned
    director
  25. 2016-10-07
    ➕
    MCCORMACK, Stuart Robert appointed
    director
  26. 2016-01-29
    ➖
    SISEC LIMITED resigned
    corporate-secretary
  27. 2015-07-31
    ➖
    LLOYD, Andrew Nigel resigned
    director
  28. 2015-03-10
    ➕
    FRASER, Grant William appointed
    director
  29. 2015-03-10
    ➖
    PROTHEROE, David Jason Lloyd resigned
    director
  30. 2012-04-01
    ➖
    KHELLAFI, Hicham resigned
    director
  31. 2012-02-01
    ➕
    LLOYD, Andrew Nigel appointed
    director
  32. 2011-02-21
    ➕
    KHELLAFI, Hicham appointed
    director
  33. 2011-02-21
    ➖
    RICHARDS, Allan resigned
    director
  34. 2008-06-30
    ➖
    EPS SECRETARIES LIMITED resigned
    corporate-secretary
  35. 2008-06-30
    ➕
    SISEC LIMITED appointed
    corporate-secretary
  36. 2005-07-31
    ➖
    BURNINGHAM, Derek resigned
    director
  37. 2005-06-30
    ➖
    BURNINGHAM, Derek resigned
    secretary
  38. 2005-06-30
    ➕
    EPS SECRETARIES LIMITED appointed
    corporate-secretary
  39. 2005-06-30
    ➖
    HOLLAND, Anthony Edward resigned
    director
  40. 2005-06-30
    ➕
    PROTHEROE, David Jason Lloyd appointed
    director
  41. 2005-06-30
    ➕
    RICHARDS, Allan appointed
    director
  42. 2003-04-11
    ➖
    BHOWMIK, Chandan Kanti resigned
    secretary
  43. 2003-04-11
    ➖
    BHOWMIK, Chandan Kanti resigned
    director
  44. 1995-05-25
    ➕
    BHOWMIK, Chandan Kanti appointed
    director
  45. 1995-05-25
    ➕
    BURNINGHAM, Derek appointed
    director
  46. 1995-05-25
    ➖
    VINCENT, Michael resigned
    director
  47. 1995-02-01
    ➕
    BURNINGHAM, Derek appointed
    secretary
  48. 1994-03-29
    ➕
    HOLLAND, Anthony Edward appointed
    director
  49. 1993-12-06
    ➖
    CAMERON, Ewen resigned
    director
  50. 1993-03-01
    ➖
    ROE, Jeremy James resigned
    director
Showing most recent 50 of 51 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
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +Senior director age: Director aged approximately 59 — approaching natural succession window.

Succession & seller-readiness

65/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 59. Early succession window.
  • 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
high

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

Evidence: Dissolved on 2025-05-27

5 insolvency-related filings on record
high

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

Evidence: 2025-05-27: gazette-dissolved-liquidation; 2025-02-27: liquidation-voluntary-members-return-of-final-meeting

Group structure

Novar Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Novar Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
⬇
NOVAR PROPERTIES LIMITED
This company · 02340596

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Novar Limited
Corporate entity
75–100%
75–100%board control75-100% shares · 75-100% voting · board control06/04/2016

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 →

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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
Incorporated1989-01-30
Jurisdictionengland-wales
Primary SIC74990 — Non-trading company

Registered office

Honeywell House
Skimped Hill Lane
Bracknell
Berks
RG12 1EB

Filing status

Accounts
Next due: —
Last made up to: 2022-12-31
Confirmation statement
Next due: —
Last: 2023-05-01

Officers (0 active · 17 resigned)

MOUNZEO, Lazare→
director · ~59y · appointed 2020-07-31
View their other companies + combined net worth →
Active
BHOWMIK, Chandan Kanti→
secretary · resigned 2003-04-11
Resigned
BURNINGHAM, Derek→
secretary · appointed 1995-02-01 · resigned 2005-06-30
Resigned
EPS SECRETARIES LIMITED→
corporate-secretary · appointed 2005-06-30 · resigned 2008-06-30
Resigned
SISEC LIMITED→
corporate-secretary · appointed 2008-06-30 · resigned 2016-01-29
Resigned
BHOWMIK, Chandan Kanti→
director · ~86y · appointed 1995-05-25 · resigned 2003-04-11
Resigned
BURNINGHAM, Derek→
director · ~76y · appointed 1995-05-25 · resigned 2005-07-31
Resigned
CAMERON, Ewen→
director · ~84y · resigned 1993-12-06
Resigned
FRASER, Grant William→
director · ~51y · appointed 2015-03-10 · resigned 2016-10-07
Resigned
HOLLAND, Anthony Edward→
director · ~76y · appointed 1994-03-29 · resigned 2005-06-30
Resigned
KHELLAFI, Hicham→
director · ~47y · appointed 2011-02-21 · resigned 2012-04-01
Resigned
LLOYD, Andrew Nigel→
director · ~71y · appointed 2012-02-01 · resigned 2015-07-31
Resigned
MCCORMACK, Stuart Robert→
director · ~47y · appointed 2016-10-07 · resigned 2017-02-13
Resigned
PROTHEROE, David Jason Lloyd→
director · ~74y · appointed 2005-06-30 · resigned 2015-03-10
Resigned
RICHARDS, Allan→
director · ~64y · appointed 2005-06-30 · resigned 2011-02-21
Resigned
ROE, Jeremy James→
director · ~79y · resigned 1993-03-01
Resigned
SARAF, Ashish Kumar→
director · ~47y · appointed 2017-02-13 · resigned 2020-07-31
Resigned
VINCENT, Michael→
director · ~70y · resigned 1995-05-25
Resigned

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

Recent filings (156 total)

gazette-dissolved-liquidation
gazette · GAZ2
2025-05-27
liquidation-voluntary-members-return-of-final-meeting
insolvency · LIQ13
2025-02-27
liquidation-voluntary-declaration-of-solvency
insolvency · LIQ01
2024-01-08
liquidation-voluntary-appointment-of-liquidator
insolvency · 600
2024-01-08
resolution
resolution · RESOLUTIONS
2024-01-08
capital-statement-capital-company-with-date-currency-figure
capital · SH19
2023-11-07
legacy
capital · SH20
2023-11-07
legacy
insolvency · CAP-SS
2023-11-07
resolution
resolution · RESOLUTIONS
2023-11-07
accounts-with-accounts-type-dormant
accounts · AA
2023-07-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-10
accounts-with-accounts-type-dormant
accounts · AA
2022-09-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-05-11
accounts-with-accounts-type-dormant
accounts · AA
2021-07-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-05-05