DRINKLINE LIMITED
⚰️Wound downdissolved
02447907 · ltd · incorporated 1989-11-30
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
54/100
Worth a look
What this business does
Primary activity: SIC 5139
Sector: Transportation & storage
Investor take
Pass (distressed without resilience)Distressed unclear — structural issues outweigh the discount.
Opportunity 54/100 (worth a look), bankability 32/100. 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: Consolidate lender relationships. 5 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
5 live charges · 5 lenders · oldest 35.4y
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 35.4 years old — likely at or near maturity.
- · 5 lenders named — inter-creditor friction likely.
- · Legal-friction score 55/100 (high).
Data confidence
Overall: low (50/100)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
5 charges (5/5 with lender, 5/5 with type)
90
Directors & officers
8 officers (5 active, 8 linked, 7 with DOB)
88
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
3 connected companies via shared directors
54
Filing history
52 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
54/100Worth a look
PassWatchWorth a lookStrongExceptional
Mixed signal. Worth opening the full target workup before deciding to pursue.
Business quality
10
Concerning — overdue filings or status flags present.
Acquirability
85
Strong succession / seller-readiness signals.
Risk profile
49
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 (40 events)Click to expand
- 2016-04-05📄gazette-dissolved-compulsorygazette · GAZ2
- 2016-04-05🏁Company dissolved
- 2016-01-19📄gazette-notice-compulsorygazette · GAZ1
- 1995-01-01📄selection-of-mortgage-documents-registered-before-January-1995historical · PRE95M
- 1994-05-17⚠️liquidation-receiver-abstract-of-receipts-and-paymentsinsolvency · 3.6
- 1994-03-10⚠️legacyinsolvency · 405(2)
- 1993-12-03⚠️liquidation-receiver-abstract-of-receipts-and-paymentsinsolvency · 3.6
- 1993-01-13⚠️liquidation-receiver-statement-of-affairsinsolvency · 3.3
- 1992-11-12⚠️legacyinsolvency · SPEC PEN
- 1992-11-12⚠️legacyinsolvency · 405(1)
- 1992-11-12⚠️legacyinsolvency · 405(1)
- 1992-11-12⚠️legacyinsolvency · SPEC PEN
- 1992-11-04⚠️legacyinsolvency · 405(1)
- 1992-11-03📍legacyaddress · 287
- 1992-07-27📄legacyannual-return · 363s
- 1992-01-06📄legacymortgage · 395
- 1992-01-02🔒Charge registered #5Lender: Bladwheat Limited
- 1991-11-26📄legacymortgage · 403a
- 1991-11-26🔓Charge satisfied #1
- 1991-11-06📄memorandum-articlesincorporation · MEM/ARTS
- 1991-10-18📄memorandum-articlesincorporation · MEM/ARTS
- 1991-10-18📄resolutionresolution · RESOLUTIONS
- 1991-10-18📄resolutionresolution · RESOLUTIONS
- 1991-10-18📄resolutionresolution · RESOLUTIONS
- 1991-10-18📄resolutionresolution · RESOLUTIONS
- 1991-10-18📄legacycapital · 88(2)R
- 1991-10-18📄legacycapital · 122
- 1991-10-18📄legacyaccounts · 225(1)
- 1991-09-30➕KETTELL, David Robert appointeddirector
- 1991-09-30➕LANE, David Howard appointeddirector
- 1991-09-30➖GODDARD, Brian resigneddirector
- 1991-09-30➖LINES, Marion Janet resigneddirector
- 1991-09-30➖WAITE, David Andrew resigneddirector
- 1991-09-30🔒Charge registered #4Lender: 3I Group PLC
- 1991-09-30🔒Charge registered #3Lender: Yorkshire Enterprise Limited
- 1991-09-30🔒Charge registered #2Lender: The Governor and the Company of the Bank of Scotland
- 1991-08-28➕LOCKE, David Richard appointeddirector
- 1991-08-28➕GODDARD, Brian appointeddirector
- 1991-01-21🔒Charge registered #1Lender: Lloyds Bank PLC
- 1989-11-30🏢Company incorporatedAs DRINKLINE LIMITED
Owner dependency
65/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- -4 active directors: Broader management team in place — suggests transferable governance.
- +Long-tenure founder: Senior director has been in place 35 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 88 — succession pressure is live.
Succession & seller-readiness
90/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 88 years old. Natural succession window is now.
- primary20+ year tenure: Director in role 35 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.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
2 high ·Company dissolved
highCompany has been dissolved — it no longer legally exists. Any diligence here is historical only.
Evidence: Dissolved on 2016-04-05
9 insolvency-related filings on record
highFilings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 1994-05-17: liquidation-receiver-abstract-of-receipts-and-payments; 1994-03-10: legacy
🔒Co-director network graph
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
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| ANGLOEUROPEAN EXPRESS LIMITED→ 14600713 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
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| AQ LOGISTICS LIMITED→ 02737122 · est 1992 · no financials extracted | — | — | — | — | 33y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
11 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
Incorporated1989-11-30
Jurisdictionengland-wales
Primary SIC5139 — SIC 5139
Registered office
Parj House
Park Square West
Leeds
LS1 2PS
Filing status
Accounts
Next due: —
Last made up to: 1990-10-31
Confirmation statement
Next due: —
Last: —
Officers (0 active · 3 resigned)
Active
KETTELL, David Robert→
Activedirector · ~68y · appointed 1991-09-30
View their other companies + combined net worth →
LANE, David Howard→
Activedirector · ~88y · appointed 1991-09-30
View their other companies + combined net worth →
Active
LOCKE, David Richard→
Activedirector · ~72y · appointed 1991-08-28
View their other companies + combined net worth →
GODDARD, Brian→
Resigneddirector · ~72y · appointed 1991-08-28 · resigned 1991-09-30
LINES, Marion Janet→
Resigneddirector · ~70y · resigned 1991-09-30
WAITE, David Andrew→
Resigneddirector · ~63y · resigned 1991-09-30
Click a director name to see their full track record across all companies.
Mortgages & charges
5
Total charges
4
Outstanding
4
Active lenders
Status:Lender:5 of 5 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Bladwheat Bladwheat Limited | Rent deposit deed | 1 property | 02/01/1992 | — | |
| outstanding | 3I Group 3I Group PLC | Debenture | 1 property | 30/09/1991 | — | |
| outstanding | Yorkshire Enterprise Yorkshire Enterprise Limited | Debenture | 1 property | 30/09/1991 | — | |
| outstanding | Lloyds Banking Group The Governor and the Company of the Bank of Scotland | Debenture | 1 property | 30/09/1991 | — | |
| satisfied | Lloyds Banking Group Lloyds Bank PLC | Debenture | 1 property | 21/01/1991 | 26/11/1991 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (52 total)
gazette-dissolved-compulsory
gazette · GAZ2
2016-04-05
gazette-notice-compulsory
gazette · GAZ1
2016-01-19
selection-of-mortgage-documents-registered-before-January-1995
historical · PRE95M
1995-01-01
liquidation-receiver-abstract-of-receipts-and-payments
insolvency · 3.6
1994-05-17
legacy
insolvency · 405(2)
1994-03-10
liquidation-receiver-abstract-of-receipts-and-payments
insolvency · 3.6
1993-12-03
liquidation-receiver-statement-of-affairs
insolvency · 3.3
1993-01-13
legacy
insolvency · SPEC PEN
1992-11-12
legacy
insolvency · 405(1)
1992-11-12
legacy
insolvency · 405(1)
1992-11-12
legacy
insolvency · SPEC PEN
1992-11-12
legacy
insolvency · 405(1)
1992-11-04
legacy
address · 287
1992-11-03
legacy
annual-return · 363s
1992-07-27
legacy
mortgage · 395
1992-01-06