02350852 LIMITED
- · Oldest live charge 23.6y old — refinance window within 12 months
Opportunity 37/100 (watch), bankability 20/100. Strong seller-intent signal (78/100, director aged 74). 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: distressed disposal / insolvency (65/100). Current lenders should be on immediate intervention.
Refinance opportunity
5 live charges · 2 lenders · oldest 23.6y
Refinance viable after a tidy-up — address the highlighted items first.
- · Oldest live charge is 23.6 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Legal-friction score 35/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (77/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Not actionable now, but monitor — distressed, succession, or structural changes could flip this into a real opportunity.
Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2021-03-31 | 2020-03-31 |
|---|---|---|
| Average employees | 1200 | 1200 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
2 signals detected in this company's narrative notes — going-concern language, audit opinion, contingent liabilities, related-party transactions.
Available from the Pro tier upwards.
See pricing →Recent activity
Corporate timeline (36 events)Click to expand
- 2025-07-29⚠️liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-dateinsolvency · LIQ03
- 2024-07-29⚠️liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-dateinsolvency · LIQ03
- 2023-08-01⚠️liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-dateinsolvency · LIQ03
- 2022-11-01✏️certificate-change-of-name-companychange-of-name · CERTNM
- 2022-11-01✏️change-of-name-noticechange-of-name · CONNOT
- 2022-10-28📄mortgage-charge-part-both-with-charge-numbermortgage · MR05
- 2022-10-28📄mortgage-charge-part-both-with-charge-numbermortgage · MR05
- 2022-06-08📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2022-06-01📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2022-05-30⚠️liquidation-voluntary-appointment-of-liquidatorinsolvency · 600
- 2022-05-30📄resolutionresolution · RESOLUTIONS
- 2022-05-30⚠️liquidation-voluntary-statement-of-affairsinsolvency · LIQ02
- 2021-12-17📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-02-18📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-09-03📄change-person-director-company-with-change-dateofficers · CH01
- 2020-09-03📄change-person-director-company-with-change-dateofficers · CH01
- 2020-09-03📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2020-09-03📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2020-09-03📄change-person-director-company-with-change-dateofficers · CH01
- 2020-09-03📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2020-09-03📄change-person-director-company-with-change-dateofficers · CH01
- 2020-09-03📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2019-11-20📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-07-10🔒Charge registered #5Lender: Aib Group (UK) P.L.C
- 2014-05-09🔒Charge registered #4Lender: Aib Group (UK) P.L.C.
- 2012-11-14🔓Charge satisfied #3
- 2012-11-14🔓Charge satisfied #2
- 2012-11-14🔓Charge satisfied #1
- 2007-11-22➕SALARIYA, Shirley appointeddirector
- 2004-04-21🔒Charge registered #3Lender: Aib Group (UK) P.L.C.
- 2004-04-21🔒Charge registered #2Lender: Aib Group (UK) P.L.C.
- 2002-09-16🔒Charge registered #1Lender: Aib Group (UK) P.L.C.
- 1997-07-01➕SALARIYA, Shirley appointedsecretary
- 1997-07-01➖SALARIYA, David Stewart resignedsecretary
- 1997-07-01➖WILLIS, Shirley resigneddirector
- 1989-02-22🏢Company incorporatedAs 02350852 LIMITED
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Long-tenure founder: Senior director has been in place 18 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 74 — succession pressure is live.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
- primaryFounder aged 70+: Senior director is approximately 74 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 18 years.
- 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
4 high · 1 med ·Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.
Evidence: Next due: 2022-12-31
Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.
Evidence: Next due: 2022-09-05
Company is actively being wound up. Not a going concern.
Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2025-07-29: liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date; 2024-07-29: liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date
Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr David Stewart Salariya Individual · British · DOB 07/1954 · age 72 | — | 50–75% | 50-75% voting | 22/08/2016 |
Mrs Shirley Salariya Individual · British · DOB 04/1952 · age 74 | — | 25–50% | 25-50% voting | 22/08/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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12 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 →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
Registered office
Filing status
Officers (3 active · 2 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Aib Group (UK) P.L.C | A registered charge | 1 property | 10/07/2018 | — | |
| outstanding | Aib Group (UK) P.L.C. | A registered charge | — | 09/05/2014 | — | |
| satisfied | Aib Group (UK) P.L.C. | Legal mortgage | 2 properties | 21/04/2004 | 14/11/2012 | |
| satisfied | Aib Group (UK) P.L.C. | Mortgage debenture | 1 property | 21/04/2004 | 14/11/2012 | |
| satisfied | Aib Group (UK) P.L.C. | Mortgage debenture | 1 property | 16/09/2002 | 14/11/2012 |