PROFESSIONAL TAX PRACTICE LIMITED
Opportunity 60/100 (worth a look), bankability 72/100. Strong seller-intent signal (60/100, director aged 62). Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (73/100).
Refinance opportunity
4 live charges · 4 lenders · oldest 19.6y
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 19.6 years old — likely at or near maturity.
- · 4 lenders named — inter-creditor friction likely.
- · Legal-friction score 30/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (61/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Mixed signal. Worth opening the full target workup before deciding to pursue.
Recent activity
Corporate timeline (85 events)Click to expand
- 2018-04-24📄gazette-dissolved-voluntarygazette · GAZ2(A)
- 2018-04-24🏁Company dissolved
- 2018-02-06📄gazette-notice-voluntarygazette · GAZ1(A)
- 2018-01-29📄dissolution-application-strike-off-companydissolution · DS01
- 2017-10-20📄mortgage-satisfy-charge-fullmortgage · MR04
- 2017-10-20🔓Charge satisfied #4
- 2017-02-07📄accounts-with-accounts-type-dormantaccounts · AA
- 2016-11-18📄appoint-person-director-company-with-name-dateofficers · AP01
- 2016-11-07➕MORTIMER-ZHIKA, Elona, Ms. appointeddirector
- 2016-10-12📄termination-director-company-with-name-termination-dateofficers · TM01
- 2016-09-28➖LEWIS, Mark Jonathan resigneddirector
- 2016-02-10📄accounts-with-accounts-type-fullaccounts · AA
- 2016-01-12➖ROBINSON, Phillip David resigneddirector
- 2016-01-12📄termination-director-company-with-name-termination-dateofficers · TM01
- 2015-12-07📄appoint-person-director-company-with-name-dateofficers · AP01
- 2015-12-01➕DADY, Kevin Peter appointeddirector
- 2015-12-01📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2015-09-07📄memorandum-articlesincorporation · MA
- 2015-09-07📄resolutionresolution · RESOLUTIONS
- 2015-09-03📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2015-08-21🔒Charge registered #4Lender: The Governor & Company of the Bank of Ireland
- 2015-02-03📄accounts-with-accounts-type-fullaccounts · AA
- 2014-11-28📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2014-02-06📄accounts-with-accounts-type-fullaccounts · AA
- 2014-01-31📄appoint-person-director-company-with-nameofficers · AP01
- 2014-01-31📄termination-director-company-with-nameofficers · TM01
- 2014-01-28➖DISCOMBE, Nicholas Sanders resigneddirector
- 2014-01-28➕LEWIS, Mark Jonathan appointeddirector
- 2013-11-19📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2013-10-01📄change-person-director-company-with-change-dateofficers · CH01
- 2013-07-25📄appoint-person-director-company-with-nameofficers · AP01
- 2013-07-25📄termination-director-company-with-nameofficers · TM01
- 2013-05-31➕DISCOMBE, Nicholas Sanders appointeddirector
- 2013-05-31➖MARNOCH, Alasdair resigneddirector
- 2012-07-24➖DISCOMBE, Nicholas Sanders resigneddirector
- 2012-07-24➕MARNOCH, Alasdair appointeddirector
- 2012-05-31➕DISCOMBE, Nicholas Sanders appointeddirector
- 2012-05-14➖ALI, Mansoor Anwar resigneddirector
- 2012-01-25🔓Charge satisfied #3
- 2011-12-21➖ROBERTS, Neal Anthony resignedsecretary
- 2011-12-21➕ALI, Mansoor Anwar appointeddirector
- 2011-12-21➖CROMPTON, Kerry Jane resigneddirector
- 2011-12-21➖ROBERTS, Neal Anthony resigneddirector
- 2011-12-21➕ROBINSON, Phillip David appointeddirector
- 2011-03-01➕CROMPTON, Kerry Jane appointeddirector
- 2011-03-01➖LEUW, Martin Philip resigneddirector
- 2010-12-08➖VELUSSI, Luca resigneddirector
- 2009-03-11➕ROBERTS, Neal Anthony appointedsecretary
- 2009-02-20➖CHALLINGER, Sara resignedsecretary
- 2008-03-14➕VELUSSI, Luca appointeddirector
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Senior director age: Director aged approximately 62 — approaching natural succession window.
Succession & seller-readiness
Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.
- secondaryFounder aged 58+: Senior director is approximately 62. Early succession window.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- 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
1 high · 1 med ·Company has been dissolved — it no longer legally exists. Any diligence here is historical only.
Evidence: Dissolved on 2018-04-24
Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
Iris Group Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
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%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Iris Group Limited Corporate entity | 75–100% | — | 75-100% shares | 06/04/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
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7 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 →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
Registered office
Filing status
Officers (0 active · 25 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | The Governor & Company of the Bank of Ireland | A registered charge | 1 property | 21/08/2015 | 20/10/2017 | |
| satisfied | Citibank N.A.,London as Security Trustee | Debenture | 1 property | 02/10/2007 | 25/01/2012 | |
| satisfied | Lloyds Banking Group Lloyds Tsb Bank PLC (The "Security Trustee") | Debenture | 1 property | 28/02/2007 | 16/10/2007 | |
| satisfied | Lloyds Banking Group Lloyds Tsb Bank PLC (The Security Trustee) | A deed of accession | 1 property | 30/10/2006 | 16/10/2007 |