CAB GLASS (BORDON) LIMITED

⚰️Wound downliquidation
02367189 · ltd · incorporated 1989-03-31
Investment thesis
Company liquidation — not a live target.
Why interesting: Historical record only; useful for precedent research.
Why risky: Not transactable.
🔒Estimated value
Upgrade to see
Turnover
year to Dec 2018
Net worth
£23.5k
book net assets
Opportunity
30/100
Pass
🔔
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What this business does
Primary activity: SIC 33170
Sector: Manufacturing
Investor take
Pass (distressed without resilience)
Distressed low-transparency controlled group — structural issues outweigh the discount.

Opportunity 30/100 (pass), bankability 12/100. 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: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: asset disposal / carve-out (90/100). Current lenders should be on immediate intervention.

🏦

Refinance opportunity

3 live charges · 3 lenders · oldest 36.8y

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 36.8 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Legal-friction score 55/100 (high).

Data confidence

Overall: medium (71/100)

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
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
10 officers (2 active, 10 linked, 6 with DOB)
82
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
117 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
30/100Pass
PassWatchWorth a lookStrongExceptional 

Clear signal to pass. Time better spent elsewhere unless you have a specific strategic angle.

Business quality
0
Concerning — overdue filings or status flags present.
Acquirability
55
Some acquirability indicators.
Risk profile
5
Multiple red flags — proceed with caution.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Positive net assets
Net assets £23,495

Key financials

1 year extracted from filed iXBRL accounts
Cash
Net Worth
£23k
Current Assets
£123k
Current Liabilities

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2018-12-31
Total assets£23.5k
Current assets£122.8k
Net assets£23.5k

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

1 signal 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

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (41 events)Click to expand
  1. 2025-07-23
    ⚠️
    liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date
    insolvency · LIQ03
  2. 2024-10-08
    ⚠️
    liquidation-voluntary-appointment-of-liquidator
    insolvency · 600
  3. 2024-10-08
    ⚠️
    liquidation-voluntary-removal-of-liquidator-by-court
    insolvency · LIQ10
  4. 2024-07-17
    ⚠️
    liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date
    insolvency · LIQ03
  5. 2024-05-25
    ⚠️
    liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date
    insolvency · LIQ03
  6. 2024-05-07
    ⚠️
    liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date
    insolvency · LIQ03
  7. 2023-02-16
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  8. 2023-02-16
    ⚠️
    liquidation-voluntary-appointment-of-liquidator
    insolvency · 600
  9. 2023-02-16
    ⚠️
    liquidation-voluntary-resignation-liquidator
    insolvency · LIQ06
  10. 2021-06-07
    ⚠️
    liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date
    insolvency · LIQ03
  11. 2020-07-04
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  12. 2020-07-04
    🔓
    Charge satisfied #2
  13. 2020-06-04
    ⚠️
    liquidation-voluntary-appointment-of-liquidator
    insolvency · 600
  14. 2020-06-04
    📄
    resolution
    resolution · RESOLUTIONS
  15. 2020-06-04
    ⚠️
    liquidation-voluntary-statement-of-affairs
    insolvency · LIQ02
  16. 2020-04-30
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  17. 2019-05-13
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  18. 2019-03-14
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  19. 2019-03-14
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  20. 2018-07-29
    📄
    appoint-person-secretary-company-with-name-date
    officers · AP03
  21. 2018-07-29
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  22. 2018-07-20
    OWENS, Sarah Ruth appointed
    secretary
  23. 2018-07-20
    COX, Nigel resigned
    secretary
  24. 2018-03-06
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  25. 2017-09-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  26. 2017-01-14
    RAY, Eliott appointed
    director
  27. 2017-01-01
    COX, Nigel appointed
    secretary
  28. 2016-12-31
    PORTEOUS, Cheralene Michelle resigned
    secretary
  29. 2016-12-31
    PORTEOUS, Cheralene Michelle resigned
    director
  30. 2016-12-31
    PORTEOUS, Jack Richard Mark resigned
    director
  31. 2016-12-31
    PORTEOUS, Maria Elilojia resigned
    director
  32. 1996-03-29
    PORTEOUS, Cheralene Michelle appointed
    director
  33. 1993-05-28
    🔒
    Charge registered #3
    Lender: Lloyds Bank PLC,
  34. 1992-07-30
    🔓
    Charge satisfied #1
  35. 1992-07-22
    🔒
    Charge registered #2
    Lender: Lloyds Bank PLC
  36. 1992-06-30
    PORTEOUS, Cheralene Michelle appointed
    secretary
  37. 1992-06-30
    SCRIVEN, Gordon Thomas resigned
    secretary
  38. 1992-06-30
    FROST, Bryan resigned
    director
  39. 1992-06-30
    SCRIVEN, Gordon Thomas resigned
    director
  40. 1989-08-04
    🔒
    Charge registered #1
    Lender: Camter Holdings Limited
  41. 1989-03-31
    🏢
    Company incorporated
    As CAB GLASS (BORDON) LIMITED

Owner dependency

75/100
High — earn-out structure required

Material 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 signal

Multiple 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

4 high · 1 med ·
Accounts overdue
high

Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.

Evidence: Next due: 2020-12-31

Confirmation statement overdue
high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2021-04-25

Company in liquidation
high

Company is actively being wound up. Not a going concern.

11 insolvency-related filings on record
high

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

Evidence: 2025-07-23: liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date; 2024-10-08: liquidation-voluntary-appointment-of-liquidator

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.

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Eliott Ray
Individual · British · DOB 09/1983 · age 43
75100%
75-100% shares02/01/2017
1 historic (ceased) PSC
  • Mr John Rayceased 02/01/2017· 75-100% shares · 75-100% 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 →

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

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 →
🔒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

Statusliquidation
Typeltd
Incorporated1989-03-31
Jurisdictionengland-wales
Primary SIC33170 — SIC 33170

Registered office

Bizspace, Steel House Plot 4300, Solent Business Park
Whiteley
Fareham
Hampshire
PO15 7FP

Filing status

Accounts
Next due: 2020-12-31OVERDUE
Last made up to: 2018-12-31
Confirmation statement
Next due: 2021-04-25OVERDUE
Last: 2020-03-14

Officers (2 active · 8 resigned)

OWENS, Sarah Ruth
secretary · appointed 2018-07-20
View their other companies + combined net worth →
Active
RAY, Eliott
director · ~43y · appointed 2017-01-14
View their other companies + combined net worth →
Active
COX, Nigel
secretary · appointed 2017-01-01 · resigned 2018-07-20
Resigned
PORTEOUS, Cheralene Michelle
secretary · appointed 1992-06-30 · resigned 2016-12-31
Resigned
SCRIVEN, Gordon Thomas
secretary · resigned 1992-06-30
Resigned
FROST, Bryan
director · ~92y · resigned 1992-06-30
Resigned
PORTEOUS, Cheralene Michelle
director · ~57y · appointed 1996-03-29 · resigned 2016-12-31
Resigned
PORTEOUS, Jack Richard Mark
director · ~84y · resigned 2016-12-31
Resigned
PORTEOUS, Maria Elilojia
director · ~79y · resigned 2016-12-31
Resigned
SCRIVEN, Gordon Thomas
director · ~98y · resigned 1992-06-30
Resigned

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

Mortgages & charges

3
Total charges
1
Outstanding
1
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
outstanding
Lloyds Banking Group
Lloyds Bank PLC,
Mortgage1 property28/05/1993
satisfied
Lloyds Banking Group
Lloyds Bank PLC
Single debenture1 property22/07/199204/07/2020
satisfied
Camter Holdings
Camter Holdings Limited
Debenture1 property04/08/198930/07/1992
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (117 total)

liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date
insolvency · LIQ03
2025-07-23
liquidation-voluntary-appointment-of-liquidator
insolvency · 600
2024-10-08
liquidation-voluntary-removal-of-liquidator-by-court
insolvency · LIQ10
2024-10-08
liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date
insolvency · LIQ03
2024-07-17
liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date
insolvency · LIQ03
2024-05-25
liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date
insolvency · LIQ03
2024-05-07
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-02-16
liquidation-voluntary-appointment-of-liquidator
insolvency · 600
2023-02-16
liquidation-voluntary-resignation-liquidator
insolvency · LIQ06
2023-02-16
liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date
insolvency · LIQ03
2021-06-07
mortgage-satisfy-charge-full
mortgage · MR04
2020-07-04
liquidation-voluntary-appointment-of-liquidator
insolvency · 600
2020-06-04
resolution
resolution · RESOLUTIONS
2020-06-04
liquidation-voluntary-statement-of-affairs
insolvency · LIQ02
2020-06-04
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2020-04-30