EAST LANCASHIRE BUSBUILDERS LIMITED

⚰️Wound downdissolved
02479869 · ltd · incorporated 1990-03-12
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 35.6y old — refinance window within 12 months
🔒Estimated value
—
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Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
48/100
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What this business does
Primary activity: SIC 99999
Sector: Extraterritorial bodies
Investor take
Pass (distressed without resilience)
Distressed unclear — structural issues outweigh the discount.

Opportunity 48/100 (watch), bankability 60/100. Strong seller-intent signal (60/100, director aged 63). 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

5 live charges · 2 lenders · oldest 35.6y

50/100
clean up first

Refinance viable after a tidy-up — address the highlighted items first.

  • · Oldest live charge is 35.6 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Legal-friction score 40/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (55/100)

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
5 charges (5/5 with lender, 5/5 with type)
90
Directors & officers
25 officers (2 active, 25 linked, 17 with DOB)
84
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
152 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 (78 events)Click to expand
  1. 2021-04-13
    ⚠️
    gazette-dissolved-liquidation
    gazette · GAZ2
  2. 2021-04-13
    🏁
    Company dissolved
  3. 2021-01-13
    ⚠️
    liquidation-voluntary-members-return-of-final-meeting
    insolvency · LIQ13
  4. 2020-12-17
    📄
    resolution
    resolution · RESOLUTIONS
  5. 2020-12-12
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  6. 2020-12-09
    ⚠️
    liquidation-voluntary-appointment-of-liquidator
    insolvency · 600
  7. 2020-12-09
    ⚠️
    liquidation-voluntary-declaration-of-solvency
    insolvency · LIQ01
  8. 2020-11-23
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  9. 2020-07-29
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  10. 2020-07-29
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  11. 2020-07-17
    ➕
    PALMER, Andrew Charles, Dr appointed
    director
  12. 2020-07-17
    ➖
    FICKLING, John Matthew resigned
    director
  13. 2020-01-02
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  14. 2019-10-02
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  15. 2019-09-05
    ➖
    BUTLER, Richard Damian resigned
    director
  16. 2018-12-10
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  17. 2018-12-06
    ➕
    BUTLER, Richard Damian appointed
    director
  18. 2018-09-30
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  19. 2017-10-06
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  20. 2016-09-20
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  21. 2016-05-04
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  22. 2016-01-07
    📍
    move-registers-to-sail-company-with-new-address
    address · AD03
  23. 2016-01-07
    📍
    change-sail-address-company-with-new-address
    address · AD02
  24. 2015-11-25
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  25. 2015-10-19
    ➖
    VASSALLO, Enrico resigned
    director
  26. 2015-07-03
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  27. 2015-04-30
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  28. 2014-04-17
    ➖
    NARASIMHAN, Ramesh resigned
    director
  29. 2013-09-05
    ➕
    VASSALLO, Enrico appointed
    director
  30. 2013-04-06
    ➕
    NARASIMHAN, Ramesh appointed
    director
  31. 2012-12-31
    ➖
    SUMNER, James Robert resigned
    director
  32. 2012-07-12
    ➕
    OAKWOOD CORPORATE SECRETARY LIMITED appointed
    corporate-secretary
  33. 2012-06-30
    ➖
    PHILLIPS, Peter Brian resigned
    secretary
  34. 2012-06-30
    ➖
    PHILLIPS, Peter Brian resigned
    director
  35. 2011-06-06
    ➕
    PHILLIPS, Peter Brian appointed
    secretary
  36. 2011-06-06
    ➕
    PHILLIPS, Peter Brian appointed
    director
  37. 2011-05-10
    ➖
    DUNN, Michael James resigned
    secretary
  38. 2011-05-10
    ➖
    DUNN, Michael James resigned
    director
  39. 2010-04-09
    ➕
    DUNN, Michael James appointed
    director
  40. 2009-06-01
    ➕
    SUMNER, James Robert appointed
    director
  41. 2008-12-22
    ➕
    FICKLING, John Matthew appointed
    director
  42. 2008-12-04
    ➖
    BRIAN, Andrew Peter resigned
    director
  43. 2008-07-14
    ➕
    DUNN, Michael James appointed
    secretary
  44. 2008-07-14
    ➖
    COBBETTS (SECRETARIAL) LIMITED resigned
    corporate-secretary
  45. 2007-09-04
    ➖
    KAUFMAN, Alan resigned
    secretary
  46. 2007-09-04
    ➕
    COBBETTS (SECRETARIAL) LIMITED appointed
    corporate-secretary
  47. 2007-09-04
    ➕
    BRIAN, Andrew Peter appointed
    director
  48. 2007-09-04
    ➖
    KILROY, Michael Kevin resigned
    director
  49. 2005-03-15
    🔓
    Charge satisfied #4
  50. 2005-01-17
    ➖
    HILTON, Philip resigned
    director
Showing most recent 50 of 78 events

Owner dependency

83/100
Critical — business is the founder

The 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.
  • +Senior director age: Director aged approximately 63 — approaching natural succession window.

Succession & seller-readiness

75/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 63. 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 36 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
high

Company has been dissolved — it no longer legally exists. Any diligence here is historical only.

Evidence: Dissolved on 2021-04-13

4 insolvency-related filings on record
high

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

Evidence: 2021-04-13: gazette-dissolved-liquidation; 2021-01-13: liquidation-voluntary-members-return-of-final-meeting

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.

Group structure

Optare Uk Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Optare Uk Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
⬇
EAST LANCASHIRE BUSBUILDERS LIMITED
This company · 02479869

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%
NameSharesVoting rightsNature of controlNotified
Optare Uk Limited
Corporate entity
75–100%
75–100%board control75-100% shares · 75-100% voting · board control06/04/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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

10 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
Incorporated1990-03-12
Jurisdictionengland-wales
Primary SIC99999 — SIC 99999

Registered office

58 Hugh Street
London
SW1V 4ER

Filing status

Accounts
Next due: —
Last made up to: 2020-03-31
Confirmation statement
Next due: —
Last: —

Officers (0 active · 23 resigned)

OAKWOOD CORPORATE SECRETARY LIMITED→
corporate-secretary · appointed 2012-07-12
View their other companies + combined net worth →
Active
PALMER, Andrew Charles, Dr→
director · ~63y · appointed 2020-07-17
View their other companies + combined net worth →
Active
DUNN, Michael James→
secretary · appointed 2008-07-14 · resigned 2011-05-10
Resigned
KAUFMAN, Alan→
secretary · appointed 2003-12-22 · resigned 2007-09-04
Resigned
LIGHTBURN, Trevor→
secretary · appointed 1993-11-16 · resigned 1996-09-30
Resigned
PHILLIPS, Peter Brian→
secretary · appointed 2011-06-06 · resigned 2012-06-30
Resigned
WATT, Gordon George→
secretary · resigned 1993-11-16
Resigned
WESTALL, Derek Graham→
secretary · appointed 1996-09-30 · resigned 2003-12-22
Resigned
COBBETTS (SECRETARIAL) LIMITED→
corporate-secretary · appointed 2007-09-04 · resigned 2008-07-14
Resigned
BRIAN, Andrew Peter→
director · ~61y · appointed 2007-09-04 · resigned 2008-12-04
Resigned
BUTLER, Richard Damian→
director · ~58y · appointed 2018-12-06 · resigned 2019-09-05
Resigned
CLARKE, Christopher William→
director · ~82y · appointed 1993-11-16 · resigned 2002-08-16
Resigned
DUNN, Michael James→
director · ~61y · appointed 2010-04-09 · resigned 2011-05-10
Resigned
FICKLING, John Matthew→
director · ~75y · appointed 2008-12-22 · resigned 2020-07-17
Resigned
HILTON, Philip→
director · ~81y · appointed 1993-11-16 · resigned 2005-01-17
Resigned
KILROY, Michael Kevin→
director · ~75y · appointed 1998-06-04 · resigned 2007-09-04
Resigned
LIGHTBURN, Trevor→
director · ~75y · appointed 1993-11-16 · resigned 1996-09-30
Resigned
MARTIN, David Robert→
director · ~75y · appointed 1993-11-16 · resigned 1996-08-01
Resigned
NARASIMHAN, Ramesh→
director · ~55y · appointed 2013-04-06 · resigned 2014-04-17
Resigned
PHILLIPS, Peter Brian→
director · ~66y · appointed 2011-06-06 · resigned 2012-06-30
Resigned

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

Mortgages & charges

5
Total charges
0
Outstanding
0
Active lenders
Status:Lender:5 of 5 shown
TypeProperties
satisfied
Midland Bank
Midland Bank PLC
Legal charge1 property22/09/199408/01/1999
satisfied
National Westminster Bank
National Westminster Bank PLC
Mortgage debenture1 property08/07/199415/03/2005
satisfied
Midland Bank
Midland Bank PLC
Charge3 properties11/10/199113/01/1994
satisfied
Midland Bank
Midland Bank PLC
Legal charge1 property05/06/199120/01/1999
satisfied
Midland Bank
Midland Bank PLC
Fixed and floating charge1 property29/10/199013/01/1994

Recent filings (152 total)

gazette-dissolved-liquidation
gazette · GAZ2
2021-04-13
liquidation-voluntary-members-return-of-final-meeting
insolvency · LIQ13
2021-01-13
resolution
resolution · RESOLUTIONS
2020-12-17
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2020-12-12
liquidation-voluntary-appointment-of-liquidator
insolvency · 600
2020-12-09
liquidation-voluntary-declaration-of-solvency
insolvency · LIQ01
2020-12-09
accounts-with-accounts-type-dormant
accounts · AA
2020-11-23
appoint-person-director-company-with-name-date
officers · AP01
2020-07-29
termination-director-company-with-name-termination-date
officers · TM01
2020-07-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-04-08
accounts-with-accounts-type-dormant
accounts · AA
2020-01-02
termination-director-company-with-name-termination-date
officers · TM01
2019-10-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-04-25
appoint-person-director-company-with-name-date
officers · AP01
2018-12-10
accounts-with-accounts-type-dormant
accounts · AA
2018-09-30