CITY GOURMETS LIMITED
⚰️Wound downdissolved
02678052 · ltd · incorporated 1992-01-10
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
52/100
Worth a look
What this business does
Primary activity: SIC 1581
Sector: Manufacturing
ALSO REGISTERED FOR
- 5224SIC 5224
Investor take
Pass (distressed without resilience)Distressed unclear — structural issues outweigh the discount.
Opportunity 52/100 (worth a look), bankability 42/100. Strong seller-intent signal (65/100, director aged 62). Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: Consolidate lender relationships. 6 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
7 live charges · 6 lenders · oldest 33.3y
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 33.3 years old — likely at or near maturity.
- · 6 lenders named — inter-creditor friction likely.
- · Legal-friction score 60/100 (high).
Data confidence
Overall: low (51/100)Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.
Company profile
address, 2 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
7 charges (7/7 with lender, 7/7 with type)
90
Directors & officers
24 officers (3 active, 24 linked, 20 with DOB)
87
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
8 connected companies via shared directors
69
Filing history
131 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
52/100Worth 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
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 (77 events)Click to expand
- 2012-01-26📄bona-vacantia-companyrestoration · BONA
- 2011-10-12⚠️gazette-dissolved-liquidationgazette · GAZ2
- 2011-10-12🏁Company dissolved
- 2011-07-12⚠️liquidation-voluntary-creditors-return-of-final-meetinginsolvency · 4.72
- 2011-06-20⚠️liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-dateinsolvency · 4.68
- 2010-11-24⚠️liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-dateinsolvency · 4.68
- 2010-09-02⚠️liquidation-disclaimer-noticeinsolvency · F10.2
- 2010-05-26⚠️liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-dateinsolvency · 4.68
- 2009-05-14⚠️liquidation-in-administration-move-to-creditors-voluntary-liquidationinsolvency · 2.34B
- 2009-05-06⚠️liquidation-in-administration-result-creditors-meetinginsolvency · 2.23B
- 2008-11-12⚠️liquidation-in-administration-extension-of-periodinsolvency · 2.31B
- 2008-10-29⚠️liquidation-in-administration-extension-of-periodinsolvency · 2.31B
- 2008-10-24⚠️liquidation-in-administration-progress-report-with-brought-down-dateinsolvency · 2.24B
- 2008-10-18⚠️liquidation-in-administration-extension-of-periodinsolvency · 2.31B
- 2008-10-18⚠️liquidation-in-administration-progress-report-with-brought-down-dateinsolvency · 2.24B
- 2008-08-20⚠️liquidation-in-administration-appointment-of-replacement-additional-administratorinsolvency · 2.40B
- 2008-05-20⚠️liquidation-in-administration-progress-report-with-brought-down-dateinsolvency · 2.24B
- 2008-04-29⚠️liquidation-in-administration-extension-of-periodinsolvency · 2.31B
- 2007-11-29⚠️liquidation-in-administration-progress-reportinsolvency · 2.24B
- 2007-07-17⚠️liquidation-in-administration-proposalsinsolvency · 2.17B
- 2007-07-09⚠️liquidation-in-administration-statement-of-affairsinsolvency · 2.16B
- 2007-06-29⚠️liquidation-in-administration-proposalsinsolvency · 2.17B
- 2007-05-10📍legacyaddress · 287
- 2007-05-10⚠️liquidation-in-administration-appointment-of-administratorinsolvency · 2.12B
- 2007-01-15📄legacyannual-return · 363a
- 2007-01-15📄legacyofficers · 288c
- 2006-05-31➖MAYES, Colin Michael resigneddirector
- 2005-11-23🔒Charge registered #7Lender: Bull Ring No. 1 Limited and Bull Ring No. 2 Limited
- 2004-12-31➖HEATH, Simon Barrie resignedsecretary
- 2004-12-31➖HEATH, Simon Barrie resigneddirector
- 2004-11-11➕HUNTER, Graham George appointedsecretary
- 2004-11-11➕HUNTER, Graham George appointeddirector
- 2004-01-29➕GRIMBLEBY, Frazer appointeddirector
- 2003-11-29🔓Charge satisfied #5
- 2003-11-25➕HEATH, Simon Barrie appointedsecretary
- 2003-11-25➖LLOYD JONES, Gareth Victor resignedsecretary
- 2003-11-25➖BROACKES, Simon Nigel resigneddirector
- 2003-11-25➖CROMBLE HOLME, Cindy Lou resigneddirector
- 2003-11-25➕HEATH, Simon Barrie appointeddirector
- 2003-11-25➖HORROCKS, Mark Ian resigneddirector
- 2003-11-25➖LLOYD JONES, Gareth Victor resigneddirector
- 2003-11-25➕MAYES, Colin Michael appointeddirector
- 2003-11-25🔒Charge registered #6Lender: Barclays Bank PLC
- 2001-11-06➖TONKS, John resigneddirector
- 2001-10-05➖MACKENZIE-ANDREW, Victoria Jane resigneddirector
- 2001-09-01🔓Charge satisfied #4
- 2001-09-01🔓Charge satisfied #3
- 2001-09-01🔓Charge satisfied #2
- 2001-09-01🔓Charge satisfied #1
- 2001-01-25➕CROMBLE HOLME, Cindy Lou appointeddirector
Showing most recent 50 of 77 events
Owner dependency
76/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Long-tenure founder: Senior director has been in place 22 years — deep operational knowledge concentrated in one person.
- +Senior director age: Director aged approximately 62 — approaching natural succession window.
Succession & seller-readiness
76/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- secondaryFounder aged 58+: Senior director is approximately 62. Early succession window.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- primary20+ year tenure: Director in role 22 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 34 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 2011-10-12
21 insolvency-related filings on record
highFilings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2011-10-12: gazette-dissolved-liquidation; 2011-07-12: 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.
🔒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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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
9 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
Incorporated1992-01-10
Jurisdictionengland-wales
Primary SIC1581 — SIC 1581
Registered office
Rsm Robson Rhodes Llp
30 Finsbury Square
London
EC2P 2YU
Filing status
Accounts
Next due: —
Last made up to: 2005-03-27
Confirmation statement
Next due: —
Last: —
Officers (0 active · 21 resigned)
HUNTER, Graham George→
Activesecretary · appointed 2004-11-11
View their other companies + combined net worth →
GRIMBLEBY, Frazer→
Activedirector · ~53y · appointed 2004-01-29
View their other companies + combined net worth →
HUNTER, Graham George→
Activedirector · ~62y · appointed 2004-11-11
View their other companies + combined net worth →
HEATH, Simon Barrie→
Resignedsecretary · appointed 2003-11-25 · resigned 2004-12-31
LLOYD JONES, Gareth Victor→
Resignedsecretary · appointed 1995-09-29 · resigned 2003-11-25
ABOGADO CUSTODIANS LIMITED→
Resignedcorporate-nominee-secretary · resigned 1995-09-29
ADAMU, Alhaji Hassan→
Resigneddirector · ~86y · resigned 1995-09-29
BONMARCHAND, Jean Jacques→
Resigneddirector · ~82y · resigned 1995-09-29
BROACKES, Simon Nigel→
Resigneddirector · ~60y · appointed 1995-09-29 · resigned 2003-11-25
COSTAGLIOLA, Laurent→
Resigneddirector · ~89y · appointed 1995-01-23 · resigned 1995-09-29
CROMBLE HOLME, Cindy Lou→
Resigneddirector · ~61y · appointed 2001-01-25 · resigned 2003-11-25
DOUGLAS, Judith Ann→
Resigneddirector · ~60y · appointed 1998-01-15 · resigned 1999-03-12
HEATH, Simon Barrie→
Resigneddirector · ~71y · appointed 2003-11-25 · resigned 2004-12-31
HORROCKS, Mark Ian→
Resigneddirector · ~64y · appointed 1996-04-14 · resigned 2003-11-25
KILBY, Brendan Peter→
Resigneddirector · ~70y · appointed 1998-01-15 · resigned 2001-01-01
LLOYD JONES, Gareth Victor→
Resigneddirector · ~60y · appointed 1995-09-29 · resigned 2003-11-25
MACKENZIE-ANDREW, Victoria Jane→
Resigneddirector · ~56y · appointed 2000-05-23 · resigned 2001-10-05
MARTINSEN, Rolf Sten→
Resigneddirector · ~91y · resigned 1995-09-29
MAYES, Colin Michael→
Resigneddirector · ~71y · appointed 2003-11-25 · resigned 2006-05-31
MENDES, Carlos→
Resigneddirector · ~56y · appointed 1997-06-09 · resigned 1998-01-30
Click a director name to see their full track record across all companies.
Mortgages & charges
7
Total charges
2
Outstanding
2
Active lenders
Status:Lender:7 of 7 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Bull Ring No. 1 and Bull Ring No. 2 Bull Ring No. 1 Limited and Bull Ring No. 2 Limited | Rent security deposit deed | 1 property | 23/11/2005 | — | |
| outstanding | Barclays Barclays Bank PLC | Guarantee & debenture | 1 property | 25/11/2003 | — | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Mortgage debenture | 1 property | 09/02/2000 | 29/11/2003 | |
| satisfied | International Property Developers S.A. | Rent deposit charge | 1 property | 09/10/1996 | 01/09/2001 | |
| satisfied | W H Smith W H Smith Limited | Deed | 1 property | 30/11/1995 | 01/09/2001 | |
| satisfied | London Trust Bank London Trust Bank PLC | Revolving fixed charge over deposit | 1 property | 17/02/1993 | 01/09/2001 | |
| satisfied | London Trust Bank London Trust Bank PLC | Debenture agreement | 1 property | 17/02/1993 | 01/09/2001 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (131 total)
bona-vacantia-company
restoration · BONA
2012-01-26
gazette-dissolved-liquidation
gazette · GAZ2
2011-10-12
liquidation-voluntary-creditors-return-of-final-meeting
insolvency · 4.72
2011-07-12
liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date
insolvency · 4.68
2011-06-20
liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date
insolvency · 4.68
2010-11-24
liquidation-disclaimer-notice
insolvency · F10.2
2010-09-02
liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date
insolvency · 4.68
2010-05-26
liquidation-in-administration-move-to-creditors-voluntary-liquidation
insolvency · 2.34B
2009-05-14
liquidation-in-administration-result-creditors-meeting
insolvency · 2.23B
2009-05-06
liquidation-in-administration-extension-of-period
insolvency · 2.31B
2008-11-12
liquidation-in-administration-extension-of-period
insolvency · 2.31B
2008-10-29
liquidation-in-administration-progress-report-with-brought-down-date
insolvency · 2.24B
2008-10-24
liquidation-in-administration-extension-of-period
insolvency · 2.31B
2008-10-18
liquidation-in-administration-progress-report-with-brought-down-date
insolvency · 2.24B
2008-10-18
liquidation-in-administration-appointment-of-replacement-additional-administrator
insolvency · 2.40B
2008-08-20