EXCHEQUER SOFTWARE LIMITED

⚰️Wound downdissolved
02494803 · ltd · incorporated 1990-04-23
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 33.5y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
51/100
Worth a look
🔔
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What this business does
Primary activity: Non-trading company
Sector: Professional, scientific & technical
Investor take
Pass (distressed without resilience)
Distressed dormant / non-trading — structural issues outweigh the discount.

Opportunity 51/100 (worth a look), bankability 60/100. 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: 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 (50/100). Current lenders should be on monthly review.

🏦

Refinance opportunity

1 live charge · oldest 33.5y

65/100
clean up first

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

  • · Oldest live charge is 33.5 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 40/100 — workable, but lender will want more DD.

Data confidence

Overall: low (53/100)

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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
15 officers (4 active, 15 linked, 12 with DOB)
86
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
17 connected companies via shared directors
90
Filing history
123 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
51/100Worth 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
75
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 (50 events)Click to expand
  1. 2014-11-05
    ⚠️
    gazette-dissolved-liquidation
    gazette · GAZ2
  2. 2014-11-05
    🏁
    Company dissolved
  3. 2014-08-05
    ⚠️
    liquidation-voluntary-members-return-of-final-meeting
    insolvency · 4.71
  4. 2014-02-07
    ⚠️
    liquidation-voluntary-declaration-of-solvency
    insolvency · 4.70
  5. 2014-02-07
    ⚠️
    liquidation-voluntary-appointment-of-liquidator
    insolvency · 600
  6. 2014-02-07
    📄
    resolution
    resolution · RESOLUTIONS
  7. 2013-08-07
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  8. 2013-05-01
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  9. 2013-04-19
    📄
    auditors-resignation-company
    auditors · AUD
  10. 2013-03-26
    📄
    appoint-person-director-company-with-name
    officers · AP01
  11. 2013-03-26
    📄
    appoint-person-secretary-company-with-name
    officers · AP03
  12. 2013-03-25
    📍
    change-registered-office-address-company-with-date-old-address
    address · AD01
  13. 2013-03-25
    📄
    appoint-person-director-company-with-name
    officers · AP01
  14. 2013-03-25
    📄
    appoint-person-director-company-with-name
    officers · AP01
  15. 2013-03-25
    📄
    termination-director-company-with-name
    officers · TM01
  16. 2013-03-25
    📄
    termination-director-company-with-name
    officers · TM01
  17. 2013-03-25
    📄
    termination-director-company-with-name
    officers · TM01
  18. 2013-03-22
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  19. 2013-03-07
    ➕
    WILLIAMS, Denise appointed
    secretary
  20. 2013-03-07
    ➕
    FIRTH, Barbara Ann appointed
    director
  21. 2013-03-07
    ➕
    GIBSON, Paul David appointed
    director
  22. 2013-03-07
    ➕
    MURRIA, Vinodka appointed
    director
  23. 2013-03-07
    ➖
    CROMPTON, Kerry Jane resigned
    director
  24. 2013-03-07
    ➖
    PREEDY, Richard Ian resigned
    director
  25. 2013-03-07
    ➖
    ROBERTS, Neal Anthony resigned
    director
  26. 2013-01-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  27. 2012-09-06
    📄
    change-person-director-company-with-change-date
    officers · CH01
  28. 2012-08-17
    📄
    appoint-person-director-company-with-name
    officers · AP01
  29. 2012-08-15
    ➕
    PREEDY, Richard Ian appointed
    director
  30. 2012-05-16
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  31. 2012-05-16
    📄
    change-person-director-company-with-change-date
    officers · CH01
  32. 2012-05-14
    📍
    change-registered-office-address-company-with-date-old-address
    address · AD01
  33. 2012-03-16
    📄
    resolution
    resolution · RESOLUTIONS
  34. 2011-12-20
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  35. 2011-12-01
    🔓
    Charge satisfied #1
  36. 2011-03-01
    ➕
    CROMPTON, Kerry Jane appointed
    director
  37. 2011-03-01
    ➖
    LEUW, Martin Philip resigned
    director
  38. 2009-02-27
    ➖
    WATTS, Richard George resigned
    secretary
  39. 2009-02-27
    ➖
    CLARK, Elizabeth Anne resigned
    director
  40. 2009-02-27
    ➕
    LEUW, Martin Philip appointed
    director
  41. 2009-02-27
    ➕
    ROBERTS, Neal Anthony appointed
    director
  42. 2009-02-27
    ➖
    WATTS, Richard George resigned
    director
  43. 2004-09-08
    ➖
    CLARK, Charles William resigned
    secretary
  44. 2004-09-08
    ➖
    CLARK, Charles William resigned
    director
  45. 2004-09-01
    ➕
    WATTS, Richard George appointed
    secretary
  46. 2004-09-01
    ➕
    WATTS, Richard George appointed
    director
  47. 1997-05-01
    ➖
    LEE, David Anthony resigned
    director
  48. 1997-05-01
    ➖
    LEE, Linda Margaret resigned
    director
  49. 1992-12-10
    🔒
    Charge registered #1
    Lender: Midland Bank PLC
  50. 1990-04-23
    🏢
    Company incorporated
    As EXCHEQUER SOFTWARE LIMITED

Owner dependency

65/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Founder age: Director aged approximately 74 — succession pressure is live.

Succession & seller-readiness

83/100
Likely off-market candidate

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

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 74 years old. Natural succession window is now.
  • secondary12+ year tenure: Director in role 13 years.
  • 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 ·
Company dissolved
high

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

Evidence: Dissolved on 2014-11-05

4 insolvency-related filings on record
high

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

Evidence: 2014-11-05: gazette-dissolved-liquidation; 2014-08-05: liquidation-voluntary-members-return-of-final-meeting

🔒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

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
Incorporated1990-04-23
Jurisdictionengland-wales
Primary SIC74990 — Non-trading company

Registered office

Munro House
Portsmouth Road
Cobham
Surrey
KT11 1TF

Filing status

Accounts
Next due: —
Last made up to: 2013-02-28
Confirmation statement
Next due: —
Last: —

Officers (0 active · 11 resigned)

WILLIAMS, Denise→
secretary · appointed 2013-03-07
View their other companies + combined net worth →
Active
FIRTH, Barbara Ann→
director · ~74y · appointed 2013-03-07
View their other companies + combined net worth →
Active
GIBSON, Paul David→
director · ~62y · appointed 2013-03-07
View their other companies + combined net worth →
Active
MURRIA, Vinodka→
director · ~64y · appointed 2013-03-07
View their other companies + combined net worth →
Active
CLARK, Charles William→
secretary · resigned 2004-09-08
Resigned
WATTS, Richard George→
secretary · appointed 2004-09-01 · resigned 2009-02-27
Resigned
CLARK, Charles William→
director · ~77y · resigned 2004-09-08
Resigned
CLARK, Elizabeth Anne→
director · ~83y · resigned 2009-02-27
Resigned
CROMPTON, Kerry Jane→
director · ~56y · appointed 2011-03-01 · resigned 2013-03-07
Resigned
LEE, David Anthony→
director · ~80y · resigned 1997-05-01
Resigned
LEE, Linda Margaret→
director · ~81y · resigned 1997-05-01
Resigned
LEUW, Martin Philip→
director · ~64y · appointed 2009-02-27 · resigned 2011-03-01
Resigned
PREEDY, Richard Ian→
director · ~56y · appointed 2012-08-15 · resigned 2013-03-07
Resigned
ROBERTS, Neal Anthony→
director · ~68y · appointed 2009-02-27 · resigned 2013-03-07
Resigned
WATTS, Richard George→
director · ~62y · appointed 2004-09-01 · resigned 2009-02-27
Resigned

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

Mortgages & charges

1
Total charges
0
Outstanding
0
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
satisfied
Midland Bank
Midland Bank PLC
Fixed and floating charge1 property10/12/199201/12/2011

Recent filings (123 total)

gazette-dissolved-liquidation
gazette · GAZ2
2014-11-05
liquidation-voluntary-members-return-of-final-meeting
insolvency · 4.71
2014-08-05
liquidation-voluntary-declaration-of-solvency
insolvency · 4.70
2014-02-07
liquidation-voluntary-appointment-of-liquidator
insolvency · 600
2014-02-07
resolution
resolution · RESOLUTIONS
2014-02-07
accounts-with-accounts-type-dormant
accounts · AA
2013-08-07
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2013-05-01
auditors-resignation-company
auditors · AUD
2013-04-19
appoint-person-director-company-with-name
officers · AP01
2013-03-26
appoint-person-secretary-company-with-name
officers · AP03
2013-03-26
change-registered-office-address-company-with-date-old-address
address · AD01
2013-03-25
appoint-person-director-company-with-name
officers · AP01
2013-03-25
appoint-person-director-company-with-name
officers · AP01
2013-03-25
termination-director-company-with-name
officers · TM01
2013-03-25
termination-director-company-with-name
officers · TM01
2013-03-25