CITY CASINOS LIMITED
Opportunity 63/100 (worth a look), bankability 70/100. Strong seller-intent signal (78/100, director aged 73). Share purchase looks the cleaner deal structure. 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 (65/100).
Data confidence
Overall: low (52/100)Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.
Mixed signal. Worth opening the full target workup before deciding to pursue.
Recent activity
Corporate timeline (42 events)Click to expand
- 2012-10-30📄gazette-dissolved-voluntarygazette · GAZ2(A)
- 2012-10-30🏁Company dissolved
- 2012-07-17📄gazette-notice-voluntarygazette · GAZ1(A)
- 2012-07-06📄dissolution-application-strike-off-companydissolution · DS01
- 2012-01-30📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2011-09-15📄accounts-with-accounts-type-dormantaccounts · AA
- 2011-02-23📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2010-10-13📄accounts-with-accounts-type-dormantaccounts · AA
- 2010-02-17📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2010-02-17📄change-person-director-company-with-change-dateofficers · CH01
- 2010-02-17📄change-person-director-company-with-change-dateofficers · CH01
- 2010-02-17📄change-person-secretary-company-with-change-dateofficers · CH03
- 2009-12-01📄accounts-with-accounts-type-dormantaccounts · AA
- 2009-02-09📄legacyannual-return · 363a
- 2009-02-09📍legacyaddress · 353
- 2008-11-04📄accounts-with-made-up-dateaccounts · AA
- 2008-01-25📄legacyannual-return · 363a
- 2008-01-08📄accounts-with-made-up-dateaccounts · AA
- 2007-02-07📄legacyannual-return · 363a
- 2006-11-28📄accounts-with-made-up-dateaccounts · AA
- 2006-01-26📄legacyannual-return · 363a
- 2006-01-11📄accounts-with-made-up-dateaccounts · AA
- 2005-03-23📄accounts-with-made-up-dateaccounts · AA
- 2005-02-09📄legacyannual-return · 363s
- 2004-11-10📄legacyofficers · 288a
- 2004-11-10📄legacyofficers · 288b
- 2004-10-22➕HEMMINGS, Craig John appointeddirector
- 2004-10-22➖HEMMINGS, Trevor James resigneddirector
- 1998-12-11➖KENT-LEMON, Nigel William resigneddirector
- 1994-12-21➕KAY, John Clement appointeddirector
- 1994-09-22➕KAY, John Clement appointedsecretary
- 1994-09-22➖SIMMONDS, Gordon Graham resignedsecretary
- 1994-01-25➖GRAVITAS COMPANY SECRETARIAL SERVICES LIMITED resignedcorporate-nominee-secretary
- 1993-11-15➕SIMMONDS, Gordon Graham appointedsecretary
- 1993-11-15➕HEMMINGS, Trevor James appointeddirector
- 1993-11-15➖JACKSON, Nigel Spencer resigneddirector
- 1993-11-15➖JOHNS, Michael Stephen Mackelcan resignednominee-director
- 1993-11-15➕KENT-LEMON, Nigel William appointeddirector
- 1993-01-25🏢Company incorporatedAs CITY CASINOS LIMITED
- 1993-01-25➕GRAVITAS COMPANY SECRETARIAL SERVICES LIMITED appointedcorporate-nominee-secretary
- 1993-01-25➕JACKSON, Nigel Spencer appointeddirector
- 1993-01-25➕JOHNS, Michael Stephen Mackelcan appointednominee-director
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Long-tenure founder: Senior director has been in place 31 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 73 — succession pressure is live.
Succession & seller-readiness
Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
- primaryFounder aged 70+: Senior director is approximately 73 years old. Natural succession window is now.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- primary20+ year tenure: Director in role 31 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 33 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 ·Company has been dissolved — it no longer legally exists. Any diligence here is historical only.
Evidence: Dissolved on 2012-10-30
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
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8 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
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Filing status
Officers (0 active · 6 resigned)
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