PROSALT LIMITED
⚰️Wound downdissolved
02395362 · ltd · incorporated 1989-06-15
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
48/100
Watch
What this business does
Primary activity: Licenced restaurants
Sector: Accommodation & food service
Investor take
Pass (distressed without resilience)Distressed unclear — structural issues outweigh the discount.
Opportunity 48/100 (watch), bankability 32/100. Strong seller-intent signal (63/100, director aged 65). Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: Consolidate lender relationships. 11 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: asset disposal / carve-out (45/100). Current lenders should be on monthly review.
🏦
Refinance opportunity
17 live charges · 11 lenders · oldest 36.6y
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 36.6 years old — likely at or near maturity.
- · 11 lenders named — inter-creditor friction likely.
- · Legal-friction score 75/100 (specialist).
Data confidence
Overall: medium (60/100)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
17 charges (17/17 with lender, 17/17 with type)
90
Directors & officers
44 officers (2 active, 44 linked, 38 with DOB)
87
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
9 connected companies via shared directors
72
Filing history
308 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
48/100Watch
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
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 (133 events)Click to expand
- 2023-11-26⚠️gazette-dissolved-liquidationgazette · GAZ2
- 2023-11-26🏁Company dissolved
- 2023-08-26⚠️liquidation-voluntary-creditors-return-of-final-meetinginsolvency · LIQ14
- 2022-09-27⚠️liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-dateinsolvency · LIQ03
- 2021-10-06⚠️liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-dateinsolvency · LIQ03
- 2020-10-22⚠️liquidation-voluntary-statement-of-affairsinsolvency · LIQ02
- 2020-10-22⚠️liquidation-voluntary-appointment-of-liquidatorinsolvency · 600
- 2020-09-18⚠️liquidation-disclaimer-noticeinsolvency · NDISC
- 2020-09-14⚠️liquidation-disclaimer-noticeinsolvency · NDISC
- 2020-09-14⚠️liquidation-disclaimer-noticeinsolvency · NDISC
- 2020-09-14⚠️liquidation-disclaimer-noticeinsolvency · NDISC
- 2020-09-14⚠️liquidation-disclaimer-noticeinsolvency · NDISC
- 2020-09-14⚠️liquidation-disclaimer-noticeinsolvency · NDISC
- 2020-09-08📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2020-09-03📄resolutionresolution · RESOLUTIONS
- 2020-04-01📄resolutionresolution · RESOLUTIONS
- 2020-04-01📄mortgage-charge-part-both-with-charge-numbermortgage · MR05
- 2020-02-03📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2020-01-27🔒Charge registered #17Lender: Barclays Bank PLC
- 2019-12-23📄change-person-director-company-with-change-dateofficers · CH01
- 2019-11-18📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC05
- 2019-10-14📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2019-10-14🔒Charge registered #16Lender: Barclays Bank PLC
- 2019-10-05📄accounts-with-accounts-type-fullaccounts · AA
- 2019-09-06📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2019-09-06📄termination-director-company-with-name-termination-dateofficers · TM01
- 2019-09-06📄termination-director-company-with-name-termination-dateofficers · TM01
- 2019-09-06📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2019-08-30🔓Charge satisfied #15
- 2019-08-30🔓Charge satisfied #14
- 2019-08-23➕MILLS, Lorraine Olga appointedsecretary
- 2019-08-23➕LOW, James Andrew Derrik appointeddirector
- 2019-08-23➖CROWLEY, Thomas Edward resigneddirector
- 2019-08-23➖D'CRUZ, Simon Nicholas resigneddirector
- 2019-04-12🔓Charge satisfied #13
- 2018-08-14➖EDWARDS, Graham resigneddirector
- 2018-01-19➖FRANKLIN, William James resigneddirector
- 2018-01-04➕D'CRUZ, Simon Nicholas appointeddirector
- 2017-01-31➖GLANCY, Michael John resigneddirector
- 2016-12-16➕CROWLEY, Thomas Edward appointeddirector
- 2016-12-16➕FRANKLIN, William James appointeddirector
- 2016-12-16➖TEIXEIRA, Joaquim Rocha resigneddirector
- 2016-06-01➖PALMER, Christopher Stephen resignedsecretary
- 2016-02-02➕PALMER, Christopher Stephen appointedsecretary
- 2016-02-02➖TEIXEIRA, Joaquim Rocha resignedsecretary
- 2013-02-05🔒Charge registered #15Lender: National Westminster Bank PLC
- 2013-02-05🔒Charge registered #14Lender: National Westminster Bank PLC
- 2012-03-31➕EDWARDS, Graham appointeddirector
- 2012-03-31➕GLANCY, Michael John appointeddirector
- 2012-03-31➖KLAUBER, Peter Arthur resigneddirector
Showing most recent 50 of 133 events
Owner dependency
90/100
Critical — business is the founderThe 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.
- +Founder age: Director aged approximately 65 — 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 65. Approaching typical UK retirement age — succession thinking likely.
- 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 · 1 med ·Company dissolved
highCompany has been dissolved — it no longer legally exists. Any diligence here is historical only.
Evidence: Dissolved on 2023-11-26
12 insolvency-related filings on record
highFilings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2023-11-26: gazette-dissolved-liquidation; 2023-08-26: liquidation-voluntary-creditors-return-of-final-meeting
Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
Hrfc Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Hrfc Limited
Corporate parent · holds 75-100% shares · board control
⬇
PROSALT LIMITED
This company · 02395362
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%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Hrfc Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 06/04/2016 |
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 →Similar companies
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|---|---|---|---|---|---|---|---|
| A BEST LODGE LIMITED→ 10175956 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
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| AL'S & SAL'S LTD→ 12294267 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| ALACARTESPICE LTD→ 14431028 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| ALADDIN SHAWARMA & ROTISSERIE LTD→ 15803057 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| ALFIES FISH BAR AND KEBAB LTD→ 17010434 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| ALINA CAGAN LIMITED→ 14561438 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| ALL THYME LIMITED→ 15555915 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| ALLWAY CAFE LTD→ 11747390 · est 2019 · no financials extracted | — | — | — | — | 7y | — | — |
| AMATUK→ 05159125 · est 2004 · no financials extracted | — | — | — | — | 21y | — | — |
| AMIS ESTATES LTD→ 15261058 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| AMM FOODIE LTD→ 16738797 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
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
Statusdissolved
Typeltd
Incorporated1989-06-15
Jurisdictionengland-wales
Primary SIC56101 — Licenced restaurants
Registered office
Montague Place, Quayside
Chatham Maritime
Chatham
Kent
ME4 4QU
Filing status
Accounts
Next due: —
Last made up to: 2018-12-30
Confirmation statement
Next due: —
Last: —
Officers (0 active · 42 resigned)
MILLS, Lorraine Olga→
Activesecretary · appointed 2019-08-23
View their other companies + combined net worth →
LOW, James Andrew Derrik→
Activedirector · ~65y · appointed 2019-08-23
View their other companies + combined net worth →
DAVIES, Jonathan Owen→
Resignedsecretary · appointed 2006-06-15 · resigned 2010-01-19
MASON, Timothy Charles→
Resignedsecretary · appointed 2001-01-15 · resigned 2006-06-15
PALMER, Christopher Stephen→
Resignedsecretary · appointed 2016-02-02 · resigned 2016-06-01
TAYLOR, Richard Mann→
Resignedsecretary · resigned 2001-01-31
TEIXEIRA, Joaquim Rocha→
Resignedsecretary · appointed 2011-10-20 · resigned 2016-02-02
BARNES, Michael John→
Resigneddirector · ~77y · resigned 2000-12-22
BISS, Adele→
Resigneddirector · ~82y · appointed 1995-09-01 · resigned 1999-11-17
BRITTON, Barry Reginald→
Resigneddirector · ~86y · resigned 1993-03-21
BROOK, Joel David→
Resigneddirector · ~69y · appointed 2006-06-15 · resigned 2010-01-19
BUCKLEY, Peter Richard→
Resigneddirector · ~81y · resigned 1992-11-18
COLLINS, Miles Eric→
Resigneddirector · ~60y · appointed 2006-10-17 · resigned 2010-01-19
COPNER, Christopher Charles James→
Resigneddirector · ~70y · appointed 2004-09-10 · resigned 2005-09-20
COPNER, Christopher Charles James→
Resigneddirector · ~70y · appointed 2001-01-15 · resigned 2004-09-06
CRITOPH, Stephen Mark Anthony→
Resigneddirector · ~66y · appointed 2000-08-08 · resigned 2003-03-04
CROSS, Garry Anthony→
Resigneddirector · ~65y · appointed 2004-05-06 · resigned 2008-01-17
CROWLEY, Thomas Edward→
Resigneddirector · ~53y · appointed 2016-12-16 · resigned 2019-08-23
D'CRUZ, Simon Nicholas→
Resigneddirector · ~51y · appointed 2018-01-04 · resigned 2019-08-23
DAVIES, Jonathan Owen→
Resigneddirector · ~64y · appointed 2006-10-17 · resigned 2010-01-19
Click a director name to see their full track record across all companies.
Mortgages & charges
17
Total charges
4
Outstanding
3
Active lenders
Status:Lender:17 of 17 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Barclays Barclays Bank PLC | A registered charge | — | 27/01/2020 | — | |
| outstanding | Barclays Barclays Bank PLC | A registered charge | 1 property | 14/10/2019 | — | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Legal charge | 1 property | 05/02/2013 | 30/08/2019 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Debenture | 1 property | 05/02/2013 | 30/08/2019 | |
| satisfied | Stratford City Developments as Trustee for and on Behalf of Stratford City Shopping Centre (No.1) Partnership Stratford City Developments Limited as Trustee for and on Behalf of Stratford City Shopping Centre (No.1) Limited Partnership | Rent deposit deed | 1 property | 18/07/2011 | 12/04/2019 | |
| outstanding | Henderson UK Om (LP2) (Gp) , Henderson UK Om (LP2) Henderson UK Om (LP2) (Gp) Limited, Henderson UK Om (LP2) Limited | Trust deed | 1 property | 23/07/2010 | — | |
| outstanding | Boparan Ventures Boparan Ventures Limited | Composite guarantee and debenture | 1 property | 20/01/2010 | — | |
| satisfied | Mizuho Corporate Bank, . Mizuho Corporate Bank, LTD. | Debenture | 1 property | 17/12/2009 | 22/01/2010 | |
| satisfied | Mizuho Corporation Bank, (In Its Capacity as Security Agent for the Beneficiaries) Mizuho Corporation Bank, LTD (In Its Capacity as Security Agent for the Beneficiaries) | Deed of accession and charge to a principal deed | 1 property | 13/10/2006 | 22/01/2010 | |
| satisfied | Treasure World Treasure World Limited | Legal charge | 3 properties | 17/06/2002 | 25/02/2003 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Legal charge | 1 property | 11/08/1993 | 27/10/2010 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Legal charge | 1 property | 11/08/1993 | 27/10/2010 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Debenture | 1 property | 27/03/1992 | 27/10/2010 | |
| satisfied | Chemical Bank | Composite guarantee & debenture | 1 property | 03/11/1989 | 29/06/1990 | |
| satisfied | Chemical Bank | Composite guarantee and debenture | 1 property | 03/11/1989 | 29/06/1990 | |
| satisfied | Chemical Bank | Composite guarantee & debenture | 1 property | 03/11/1989 | 29/06/1990 | |
| satisfied | Associated Fisheries Associated Fisheries PLC | Composite guarantee & debenture | 1 property | 03/11/1989 | 29/06/1990 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (308 total)
gazette-dissolved-liquidation
gazette · GAZ2
2023-11-26
liquidation-voluntary-creditors-return-of-final-meeting
insolvency · LIQ14
2023-08-26
liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date
insolvency · LIQ03
2022-09-27
liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date
insolvency · LIQ03
2021-10-06
liquidation-voluntary-statement-of-affairs
insolvency · LIQ02
2020-10-22
liquidation-voluntary-appointment-of-liquidator
insolvency · 600
2020-10-22
liquidation-disclaimer-notice
insolvency · NDISC
2020-09-18
liquidation-disclaimer-notice
insolvency · NDISC
2020-09-14
liquidation-disclaimer-notice
insolvency · NDISC
2020-09-14
liquidation-disclaimer-notice
insolvency · NDISC
2020-09-14
liquidation-disclaimer-notice
insolvency · NDISC
2020-09-14
liquidation-disclaimer-notice
insolvency · NDISC
2020-09-14
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2020-09-08
resolution
resolution · RESOLUTIONS
2020-09-03
resolution
resolution · RESOLUTIONS
2020-04-01