LASSTON LIMITED
⚰️Wound downdissolved
02785674 · ltd · incorporated 1993-02-01
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
62/100
Worth a look
What this business does
Primary activity: Hotels and similar accommodation
Sector: Accommodation & food service
Investor take
Pass (distressed without resilience)Distressed unclear — structural issues outweigh the discount.
Opportunity 62/100 (worth a look), bankability 62/100. Strong seller-intent signal (88/100, director aged 87). 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 (65/100).
🏦
Refinance opportunity
5 live charges · 4 lenders · oldest 30.1y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 30.1 years old — likely at or near maturity.
- · 4 lenders named — inter-creditor friction likely.
- · Legal-friction score 35/100 — workable, but lender will want more DD.
Data confidence
Overall: low (49/100)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
5 charges (5/5 with lender, 5/5 with type)
90
Directors & officers
6 officers (3 active, 6 linked, 3 with DOB)
80
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
4 connected companies via shared directors
57
Filing history
73 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
62/100Worth a look
PassWatchWorth a lookStrongExceptional
Mixed signal. Worth opening the full target workup before deciding to pursue.
Business quality
30
Concerning — overdue filings or status flags present.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
59
Some moderate concerns — review flags.
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 (45 events)Click to expand
- 2014-09-30📄gazette-dissolved-compulsarygazette · GAZ2
- 2014-09-30🏁Company dissolved
- 2014-06-17📄gazette-notice-voluntarygazette · GAZ1(A)
- 2013-12-04📄dissolved-compulsory-strike-off-suspendeddissolution · DISS16(SOAS)
- 2013-10-08📄gazette-notice-compulsarygazette · GAZ1
- 2013-03-19📄dissolved-compulsory-strike-off-suspendeddissolution · DISS16(SOAS)
- 2013-01-15📄gazette-notice-compulsarygazette · GAZ1
- 2012-09-03📄legacymortgage · MG02
- 2012-08-24🔓Charge satisfied #5
- 2012-04-28📄gazette-filings-brought-up-to-dategazette · DISS40
- 2012-04-27📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2012-02-11📄dissolved-compulsory-strike-off-suspendeddissolution · DISS16(SOAS)
- 2012-01-31📄gazette-notice-compulsarygazette · GAZ1
- 2011-06-08📄gazette-filings-brought-up-to-dategazette · DISS40
- 2011-06-07📄gazette-notice-compulsarygazette · GAZ1
- 2011-06-01📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2011-06-01📍change-registered-office-address-company-with-date-old-addressaddress · AD01
- 2010-12-10📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2010-04-10📄gazette-filings-brought-up-to-dategazette · DISS40
- 2010-04-07📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2010-04-07📄change-person-director-company-with-change-dateofficers · CH01
- 2010-04-07📄change-person-director-company-with-change-dateofficers · CH01
- 2010-03-09📄gazette-notice-compulsarygazette · GAZ1
- 2009-06-30📄legacyannual-return · 363a
- 2009-05-26📄legacymortgage · 403a
- 2009-05-21🔓Charge satisfied #3
- 2009-05-19📄gazette-filings-brought-up-to-dategazette · DISS40
- 2009-05-16📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2001-11-08🔒Charge registered #5Lender: National Westminster Bank PLC
- 2001-11-08🔒Charge registered #4Lender: National Westminster Bank PLC
- 2000-11-20🔓Charge satisfied #2
- 2000-11-20🔓Charge satisfied #1
- 2000-07-14🔒Charge registered #3Lender: Lloyds Tsb Bank PLC
- 1998-01-28➕WESTWATER, Margaret appointedsecretary
- 1998-01-28➖WESTWATER, Janet resignedsecretary
- 1997-08-16🔒Charge registered #2Lender: Clydesdale Bank PLC
- 1996-04-09🔒Charge registered #1Lender: Allied Irish Banks Plcas Trustee for Itself and Aib Finance Limited
- 1993-12-13➕WESTWATER, Alan Crawford appointeddirector
- 1993-04-08➕WESTWATER, Margaret appointeddirector
- 1993-04-08➖CHARLTON, Peggy Kathleen resignedsecretary
- 1993-04-08➕WESTWATER, Janet appointedsecretary
- 1993-04-08➖COWAN, Stanford Russell resignednominee-director
- 1993-02-01🏢Company incorporatedAs LASSTON LIMITED
- 1993-02-01➕CHARLTON, Peggy Kathleen appointedsecretary
- 1993-02-01➕COWAN, Stanford Russell appointednominee-director
Owner dependency
91/100
Critical — business is the founderThe business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
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 33 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 87 — succession pressure is live.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
96/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 87 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 33 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 · 1 med ·Company dissolved
highCompany has been dissolved — it no longer legally exists. Any diligence here is historical only.
Evidence: Dissolved on 2014-09-30
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.
See pricing →Similar companies
Active · Hospitality · SR postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| AARYAN CHIPPY LTD→ 16181451 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| ACROPOLIS STREET FOOD (STACK S) LTD→ 12360738 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| AFOMATO (NE) LTD→ 16117881 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| AHMED SPICE PETERLEE LTD→ 16188498 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| AJ'S CATERING LIMITED→ 07195901 · est 2010 · no financials extracted | — | — | — | — | 16y | — | — |
| ALIZAS GROUP LTD→ 16233245 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| ALPHA TRADERS (NE) LTD→ 16901493 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| ALTIKULAC SUNDERLAND LTD→ 12426022 · est 2020 · no financials extracted | — | — | — | — | 6y | — | — |
| AMIGO ROKER LTD→ 14158545 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| ANDARK RENTALS LIMITED→ 13695165 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| ANDARK SLICE LTD→ 14617197 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| ANDARK VAUX LTD→ 14384469 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
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 →🔒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
Incorporated1993-02-01
Jurisdictionengland-wales
Primary SIC55100 — Hotels and similar accommodation
Registered office
34 Frederick Street
Sunderland
Tyne And Wear
SR1 1LP
England
Filing status
Accounts
Next due: —
Last made up to: 2010-01-31
Confirmation statement
Next due: —
Last: —
Officers (0 active · 3 resigned)
WESTWATER, Margaret→
Activesecretary · appointed 1998-01-28
View their other companies + combined net worth →
WESTWATER, Alan Crawford→
Activedirector · ~87y · appointed 1993-12-13
View their other companies + combined net worth →
WESTWATER, Margaret→
Activedirector · ~84y · appointed 1993-04-08
View their other companies + combined net worth →
CHARLTON, Peggy Kathleen→
Resignedsecretary · appointed 1993-02-01 · resigned 1993-04-08
WESTWATER, Janet→
Resignedsecretary · appointed 1993-04-08 · resigned 1998-01-28
COWAN, Stanford Russell→
Resignednominee-director · ~90y · appointed 1993-02-01 · resigned 1993-04-08
Click a director name to see their full track record across all companies.
Mortgages & charges
5
Total charges
1
Outstanding
1
Active lenders
Status:Lender:5 of 5 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | National Westminster Bank National Westminster Bank PLC | Legal charge of licensed premises | 1 property | 08/11/2001 | 24/08/2012 | |
| outstanding | National Westminster Bank National Westminster Bank PLC | Debenture | 1 property | 08/11/2001 | — | |
| satisfied | Lloyds Banking Group Lloyds Tsb Bank PLC | Mortgage deed | 1 property | 14/07/2000 | 21/05/2009 | |
| satisfied | Virgin Money Clydesdale Bank PLC | Debenture | 1 property | 16/08/1997 | 20/11/2000 | |
| satisfied | Allied Irish Banks Plcas Trustee for Itself and Aib Finance Allied Irish Banks Plcas Trustee for Itself and Aib Finance Limited | Mortgage debenture | 1 property | 09/04/1996 | 20/11/2000 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (73 total)
gazette-dissolved-compulsary
gazette · GAZ2
2014-09-30
gazette-notice-voluntary
gazette · GAZ1(A)
2014-06-17
dissolved-compulsory-strike-off-suspended
dissolution · DISS16(SOAS)
2013-12-04
gazette-notice-compulsary
gazette · GAZ1
2013-10-08
dissolved-compulsory-strike-off-suspended
dissolution · DISS16(SOAS)
2013-03-19
gazette-notice-compulsary
gazette · GAZ1
2013-01-15
legacy
mortgage · MG02
2012-09-03
gazette-filings-brought-up-to-date
gazette · DISS40
2012-04-28
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2012-04-27
dissolved-compulsory-strike-off-suspended
dissolution · DISS16(SOAS)
2012-02-11
gazette-notice-compulsary
gazette · GAZ1
2012-01-31
gazette-filings-brought-up-to-date
gazette · DISS40
2011-06-08
gazette-notice-compulsary
gazette · GAZ1
2011-06-07
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2011-06-01
change-registered-office-address-company-with-date-old-address
address · AD01
2011-06-01