PRECISION APPLICATIONS LIMITED
⚰️Wound downdissolved
02464204 · ltd · incorporated 1990-01-26
Investment thesis
Company dissolved — not a live target.
Why interesting: Historical record only; useful for precedent research.
Why risky: Not transactable.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
- · Oldest live charge 36.0y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
50/100
Worth a look
What this business does
Primary activity: SIC 26110
Sector: Manufacturing
Investor take
Pass (distressed without resilience)Distressed unclear — structural issues outweigh the discount.
Opportunity 50/100 (worth a look), bankability 60/100. Strong seller-intent signal (88/100, director aged 72). 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.
🏦
Refinance opportunity
4 live charges · 2 lenders · oldest 36.0y
50/100
clean up first
Refinance viable after a tidy-up — address the highlighted items first.
- · Oldest live charge is 36.0 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: low (48/100)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
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
9 officers (2 active, 9 linked, 6 with DOB)
83
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
1 connected companies via shared directors
48
Filing history
95 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
50/100Worth 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
80
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 (46 events)Click to expand
- 2022-11-09⚠️gazette-dissolved-liquidationgazette · GAZ2
- 2022-11-09🏁Company dissolved
- 2022-08-09⚠️liquidation-compulsory-return-final-meetinginsolvency · WU15
- 2022-01-24⚠️liquidation-compulsory-winding-up-progress-reportinsolvency · WU07
- 2021-01-21⚠️liquidation-compulsory-winding-up-progress-reportinsolvency · WU07
- 2020-01-27⚠️liquidation-compulsory-winding-up-progress-reportinsolvency · WU07
- 2019-02-04⚠️liquidation-compulsory-winding-up-progress-reportinsolvency · WU07
- 2018-08-30📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2018-01-31⚠️liquidation-compulsory-winding-up-progress-reportinsolvency · WU07
- 2017-01-27⚠️liquidation-miscellaneousinsolvency · LIQ MISC
- 2016-01-26⚠️liquidation-miscellaneousinsolvency · LIQ MISC
- 2015-02-11⚠️liquidation-disclaimer-noticeinsolvency · F10.2
- 2015-02-11⚠️liquidation-disclaimer-noticeinsolvency · F10.2
- 2014-12-29📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2014-12-11⚠️liquidation-compulsory-appointment-liquidatorinsolvency · 4.31
- 2014-11-27⚠️liquidation-compulsory-winding-up-orderinsolvency · COCOMP
- 2014-02-06📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2013-12-30📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2013-02-11📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2012-08-24📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2012-03-05📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2012-01-08📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2011-02-11📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2011-01-06📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2010-12-21📄change-account-reference-date-company-previous-shortenedaccounts · AA01
- 2010-07-01📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2009-09-15🔓Charge satisfied #4
- 2006-07-19➕BISHOP, Michele Elaine appointedsecretary
- 2006-07-19➖KNOTT, John resignedsecretary
- 1999-12-01➕MALYAN, Denise appointeddirector
- 1999-12-01➕KNOTT, John appointedsecretary
- 1999-11-30➖WOODWARD, Peter Neil resignedsecretary
- 1999-11-30➖BALL, Neil De Carli resigneddirector
- 1999-11-30➖HALLETT, Rodney Sheridan resigneddirector
- 1999-11-30➖WEST, Eric James resigneddirector
- 1999-11-30➖WOODWARD, Peter Neil resigneddirector
- 1998-11-05🔓Charge satisfied #3
- 1998-10-09➕BALL, Neil De Carli appointeddirector
- 1998-03-06🔒Charge registered #4Lender: Barclays Bank PLC
- 1996-12-11🔒Charge registered #3Lender: Midland Bank PLC
- 1995-09-14🔓Charge satisfied #2
- 1995-09-14🔓Charge satisfied #1
- 1994-12-22➖MURRELL, Dennis resigneddirector
- 1994-08-31🔒Charge registered #2Lender: Midland Bank PLC
- 1990-05-24🔒Charge registered #1Lender: Midland Bank PLC
- 1990-01-26🏢Company incorporatedAs PRECISION APPLICATIONS LIMITED
Owner dependency
100/100
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.
- +Long-tenure founder: Senior director has been in place 27 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 72 — succession pressure is live.
Succession & seller-readiness
100/100
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 72 years old. Natural succession window is now.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- primary20+ year tenure: Director in role 27 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 36 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 · 1 med ·Company dissolved
highCompany has been dissolved — it no longer legally exists. Any diligence here is historical only.
Evidence: Dissolved on 2022-11-09
13 insolvency-related filings on record
highFilings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2022-11-09: gazette-dissolved-liquidation; 2022-08-09: liquidation-compulsory-return-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.
🔒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
Active · Manufacturing · BS postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| A I STONE SERVICES LTD→ 15005202 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| A.J. GEORGE REFRIGERATION AND AIR CONDITIONING LIMITED→ 02503428 · est 1990 · no financials extracted | — | — | — | — | 35y | — | — |
| ACTUATED LIMITED→ 06648949 · est 2008 · no financials extracted | — | — | — | — | 17y | — | — |
| ADHESIVE DESIGN LIMITED→ 07202910 · est 2010 · no financials extracted | — | — | — | — | 16y | — | — |
| ADVANCED INDUSTRIAL SUPPLIES INC LTD→ 13774780 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| AEROSPIKE GAMES LTD→ 16582619 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| AESTHETIC DENTAL LABORATORY LIMITED→ 07413947 · est 2010 · no financials extracted | — | — | — | — | 15y | — | — |
| AEUK BATTERY PROJECT II LTD→ 14421795 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| AEUK BATTERY PROJECT III LTD→ 14431299 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| AEUK BATTERY PROJECT IV LTD→ 14431735 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| AFEL LTD→ 16551114 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| AG MACHINETECH LTD→ 15878323 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
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
Incorporated1990-01-26
Jurisdictionengland-wales
Primary SIC26110 — SIC 26110
Registered office
St James Court
St James Parade
Bristol
BS1 3LH
Filing status
Accounts
Next due: —
Last made up to: 2013-03-31
Confirmation statement
Next due: —
Last: —
Officers (0 active · 7 resigned)
BISHOP, Michele Elaine→
Activesecretary · appointed 2006-07-19
View their other companies + combined net worth →
MALYAN, Denise→
Activedirector · ~72y · appointed 1999-12-01
View their other companies + combined net worth →
KNOTT, John→
Resignedsecretary · appointed 1999-12-01 · resigned 2006-07-19
WOODWARD, Peter Neil→
Resignedsecretary · resigned 1999-11-30
BALL, Neil De Carli→
Resigneddirector · ~63y · appointed 1998-10-09 · resigned 1999-11-30
HALLETT, Rodney Sheridan→
Resigneddirector · ~80y · resigned 1999-11-30
MURRELL, Dennis→
Resigneddirector · ~85y · resigned 1994-12-22
WEST, Eric James→
Resigneddirector · ~79y · resigned 1999-11-30
WOODWARD, Peter Neil→
Resigneddirector · ~78y · resigned 1999-11-30
Click a director name to see their full track record across all companies.
Mortgages & charges
4
Total charges
0
Outstanding
0
Active lenders
Status:Lender:4 of 4 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Barclays Barclays Bank PLC | Guarantee & debenture | 1 property | 06/03/1998 | 15/09/2009 | |
| satisfied | Midland Bank Midland Bank PLC | Fixed and floating charge | 1 property | 11/12/1996 | 05/11/1998 | |
| satisfied | Midland Bank Midland Bank PLC | Charge | 2 properties | 31/08/1994 | 14/09/1995 | |
| satisfied | Midland Bank Midland Bank PLC | Fixed and floating charge | 1 property | 24/05/1990 | 14/09/1995 |
Recent filings (95 total)
gazette-dissolved-liquidation
gazette · GAZ2
2022-11-09
liquidation-compulsory-return-final-meeting
insolvency · WU15
2022-08-09
liquidation-compulsory-winding-up-progress-report
insolvency · WU07
2022-01-24
liquidation-compulsory-winding-up-progress-report
insolvency · WU07
2021-01-21
liquidation-compulsory-winding-up-progress-report
insolvency · WU07
2020-01-27
liquidation-compulsory-winding-up-progress-report
insolvency · WU07
2019-02-04
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2018-08-30
liquidation-compulsory-winding-up-progress-report
insolvency · WU07
2018-01-31
liquidation-miscellaneous
insolvency · LIQ MISC
2017-01-27
liquidation-miscellaneous
insolvency · LIQ MISC
2016-01-26
liquidation-disclaimer-notice
insolvency · F10.2
2015-02-11
liquidation-disclaimer-notice
insolvency · F10.2
2015-02-11
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2014-12-29
liquidation-compulsory-appointment-liquidator
insolvency · 4.31
2014-12-11
liquidation-compulsory-winding-up-order
insolvency · COCOMP
2014-11-27