SOUTH SPRINGS LIMITED
⚰️Wound downdissolved
02839896 · ltd · incorporated 1993-07-27
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 11.8y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
53/100
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 53/100 (worth a look), bankability 55/100. Strong seller-intent signal (78/100, director aged 80). 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 (58/100). Current lenders should be on monthly review.
🏦
Refinance opportunity
1 live charge · oldest 11.8y
65/100
clean up first
Refinance viable after a tidy-up — address the highlighted items first.
- · Oldest live charge is 11.8 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Legal-friction score 35/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (55/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
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
6 officers (2 active, 6 linked, 1 with DOB)
73
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
87 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
53/100Worth 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
80
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 (33 events)Click to expand
- 2023-05-18⚠️gazette-dissolved-liquidationgazette · GAZ2
- 2023-05-18🏁Company dissolved
- 2023-02-18⚠️liquidation-voluntary-creditors-return-of-final-meetinginsolvency · LIQ14
- 2022-01-25⚠️liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-dateinsolvency · LIQ03
- 2021-01-05📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2021-01-04⚠️liquidation-voluntary-appointment-of-liquidatorinsolvency · 600
- 2021-01-04📄resolutionresolution · RESOLUTIONS
- 2021-01-04⚠️liquidation-voluntary-statement-of-affairsinsolvency · LIQ02
- 2019-12-18📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-12-07📄gazette-filings-brought-up-to-dategazette · DISS40
- 2019-12-03📄gazette-notice-compulsorygazette · GAZ1
- 2018-09-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-08-20📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2018-04-03📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2018-04-03📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2018-03-30➕FOSTER, Carey appointedsecretary
- 2018-03-30➖PRATT, Nicholas Arthur resignedsecretary
- 2017-09-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2016-09-21📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2015-09-30📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2015-08-25📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2015-08-25📄change-person-director-company-with-change-dateofficers · CH01
- 2015-08-25📄change-person-secretary-company-with-change-dateofficers · CH03
- 2014-09-24🔒Charge registered #1Lender: National Westminster Bank PLC
- 2004-03-18➖BROWN, David Eric resignedsecretary
- 2004-03-18➕PRATT, Nicholas Arthur appointedsecretary
- 1993-08-24➕ATKIN, Diane appointeddirector
- 1993-08-24➕BROWN, David Eric appointedsecretary
- 1993-08-16➖NOMINEE SECRETARIES LTD resignedcorporate-nominee-secretary
- 1993-08-16➖NOMINEE DIRECTORS LTD resignedcorporate-nominee-director
- 1993-07-27🏢Company incorporatedAs SOUTH SPRINGS LIMITED
- 1993-07-27➕NOMINEE SECRETARIES LTD appointedcorporate-nominee-secretary
- 1993-07-27➕NOMINEE DIRECTORS LTD appointedcorporate-nominee-director
Owner dependency
100/100
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
- +Sole director: Only one active director — all governance concentrated on one person.
- +Long-tenure founder: Senior director has been in place 33 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 80 — succession pressure is live.
Succession & seller-readiness
100/100
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 80 years old. Natural succession window is now.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- 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
2 high ·Company dissolved
highCompany has been dissolved — it no longer legally exists. Any diligence here is historical only.
Evidence: Dissolved on 2023-05-18
5 insolvency-related filings on record
highFilings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2023-05-18: gazette-dissolved-liquidation; 2023-02-18: liquidation-voluntary-creditors-return-of-final-meeting
Shareholders & ownership
1 active beneficial owner| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Carey Foster Individual · British · DOB 10/1956 · age 70 | — | — | board controlboard control | 27/07/2016 |
1 historic (ceased) PSC
- Mr Julian David Atkinceased 29/06/2018· board control
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
🔒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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|---|---|---|---|---|---|---|---|
| A&J MCNEE T/A BE HERE NOW LTD→ 16147451 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
11 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
Incorporated1993-07-27
Jurisdictionengland-wales
Primary SIC55100 — Hotels and similar accommodation
Registered office
C/O Rsm Restructuring Advisory Llp 9th Floor
3 Hardman Street
Manchester
M3 3HF
Filing status
Accounts
Next due: —
Last made up to: 2018-12-31
Confirmation statement
Next due: —
Last: —
Officers (0 active · 4 resigned)
Active
ATKIN, Diane→
Activedirector · ~80y · appointed 1993-08-24
View their other companies + combined net worth →
BROWN, David Eric→
Resignedsecretary · appointed 1993-08-24 · resigned 2004-03-18
PRATT, Nicholas Arthur→
Resignedsecretary · appointed 2004-03-18 · resigned 2018-03-30
NOMINEE SECRETARIES LTD→
Resignedcorporate-nominee-secretary · appointed 1993-07-27 · resigned 1993-08-16
NOMINEE DIRECTORS LTD→
Resignedcorporate-nominee-director · appointed 1993-07-27 · resigned 1993-08-16
Click a director name to see their full track record across all companies.
Mortgages & charges
1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | National Westminster Bank National Westminster Bank PLC | A registered charge | — | 24/09/2014 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (87 total)
gazette-dissolved-liquidation
gazette · GAZ2
2023-05-18
liquidation-voluntary-creditors-return-of-final-meeting
insolvency · LIQ14
2023-02-18
liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date
insolvency · LIQ03
2022-01-25
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2021-01-05
liquidation-voluntary-appointment-of-liquidator
insolvency · 600
2021-01-04
resolution
resolution · RESOLUTIONS
2021-01-04
liquidation-voluntary-statement-of-affairs
insolvency · LIQ02
2021-01-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-08-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-12-18
gazette-filings-brought-up-to-date
gazette · DISS40
2019-12-07
gazette-notice-compulsory
gazette · GAZ1
2019-12-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-08-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-09-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2018-08-20
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2018-08-20