02877158 PUBLIC LIMITED COMPANY

🌳Matureactive

02877158 · plc · incorporated 1993-12-01

Investment thesis

Looks cheap but ownership + security both unclear — probable value trap.

Why interesting: Headline metrics may be attractive.

Why risky: No PSC visibility combined with multiple live charges; transacting likely slow and expensive.

Opportunity decay

approaching window · 12-months

Approaching a transaction window — refinance or sale event plausible in the next 12 months.

· Oldest live charge 36.4y old — refinance window within 12 months

🔒Estimated value

—

Upgrade to see

Turnover

—

not disclosed

Net worth

—

book net assets

Opportunity

45/100

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Investor take

Pass (distressed without resilience)

Distressed admin-neglect survivor — structural issues outweigh the discount.

Opportunity 45/100 (watch), bankability 15/100. High owner-dependency — earn-out structure likely required for clean transition. Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: asset disposal / carve-out (80/100). Current lenders should be on immediate intervention.

🏦

Refinance opportunity

12 live charges · oldest 36.4y

55/100

too messy

Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.

· Oldest live charge is 36.4 years old — likely at or near maturity.
· Single lender — cleanest path to refinance.
· Legal-friction score 60/100 (high).

Data confidence

Overall: low (48/100)

Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.

Company profile

address, no SIC, incorporation date

Financials

No iXBRL financials extracted

Lenders & charges

12 charges (12/12 with lender, 12/12 with type)

Directors & officers

14 officers (9 active, 14 linked, 13 with DOB)

Ownership & PSC

No PSCs filed (unusual — worth investigating)

Director network

1 connected companies via shared directors

Filing history

69 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

45/100Watch

PassWatchWorth a lookStrongExceptional

Not actionable now, but monitor — distressed, succession, or structural changes could flip this into a real opportunity.

Business quality

Concerning — overdue filings or status flags present.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Multiple red flags — proceed with caution.

Signal strength

Good data coverage for analysis.

Recent activity

Last 30 days

filings

Last 90 days

filings

Last 180 days

filings

Counts from Companies House filing history.

Corporate timeline (58 events)Click to expand

2017-08-21
📄
restoration-order-of-court
restoration · AC92
2017-08-21
✏️
certificate-change-of-name-company
change-of-name · CERTNM
2012-02-14
📄
gazette-dissolved-compulsary
gazette · GAZ2
2012-02-14
🏁
Company dissolved
2011-11-01
📄
gazette-notice-compulsary
gazette · GAZ1
2011-09-09
📄
termination-director-company-with-name
officers · TM01
2011-03-10
⚠️
liquidation-receiver-abstract-of-receipts-and-payments-with-brought-down-date
insolvency · 3.6
2011-03-10
⚠️
legacy
insolvency · LQ02
2010-07-21
⚠️
liquidation-receiver-abstract-of-receipts-and-payments-with-brought-down-date
insolvency · 3.6
2009-12-22
📍
change-registered-office-address-company-with-date-old-address
address · AD01
2009-06-15
⚠️
liquidation-receiver-abstract-of-receipts-and-payments-with-brought-down-date
insolvency · 3.6
2008-11-13
⚠️
legacy
insolvency · 405(2)
2008-11-13
⚠️
legacy
insolvency · 405(1)
2008-08-08
⚠️
liquidation-receiver-abstract-of-receipts-and-payments-with-brought-down-date
insolvency · 3.6
2007-07-13
⚠️
liquidation-receiver-abstract-of-receipts-and-payments
insolvency · 3.6
2006-08-03
⚠️
liquidation-receiver-abstract-of-receipts-and-payments
insolvency · 3.6
2006-03-07
📍
legacy
address · 287
2005-08-13
➖
ROGERSON, Robert George resigned
director
2005-07-29
⚠️
liquidation-receiver-abstract-of-receipts-and-payments
insolvency · 3.6
2004-07-21
⚠️
liquidation-receiver-abstract-of-receipts-and-payments
insolvency · 3.6
2003-06-17
⚠️
liquidation-receiver-abstract-of-receipts-and-payments
insolvency · 3.6
2002-06-18
⚠️
liquidation-receiver-abstract-of-receipts-and-payments
insolvency · 3.6
2001-08-03
⚠️
liquidation-receiver-abstract-of-receipts-and-payments
insolvency · 3.6
2000-07-13
⚠️
liquidation-receiver-abstract-of-receipts-and-payments
insolvency · 3.6
2000-03-10
⚠️
legacy
insolvency · 405(2)
2000-03-10
⚠️
legacy
insolvency · 405(1)
1999-07-28
⚠️
liquidation-receiver-abstract-of-receipts-and-payments
insolvency · 3.6
1994-04-29
➖
PURNELL, Peter George Harold resigned
director
1994-02-01
➕
GOSLING, James Henry appointed
director
1993-12-14
➕
JOWETT, Steven John appointed
director
1993-12-14
➕
ROGERSON, Robert George appointed
director
1993-12-02
➖
BROUGHTON, Richard Cooper resigned
director
1993-12-02
➖
FORREST, John Richard resigned
director
1993-12-02
➖
HODGE, Michael James resigned
director
1993-12-01
🏢
Company incorporated
As 02877158 PUBLIC LIMITED COMPANY
1993-12-01
➕
PAYNE, Richard Philip appointed
secretary
1993-12-01
➕
GOLDSMITH, Leslie Philip appointed
director
1993-12-01
➕
GRAY, John Allan appointed
director
1993-12-01
➕
HADINGHAM, Frederick James appointed
director
1993-12-01
➕
HAYLOCK, David appointed
director
1993-12-01
➕
MAYHEW, Norman Gerald appointed
director
1993-12-01
➕
PAYNE, Richard Philip appointed
director
1993-12-01
➕
BROUGHTON, Richard Cooper appointed
director
1993-12-01
➕
FORREST, John Richard appointed
director
1993-12-01
➕
HODGE, Michael James appointed
director
1993-12-01
➕
PURNELL, Peter George Harold appointed
director
1993-12-01
🔒
Charge registered #10
Lender: Lloyds Bank PLC
1993-12-01
🔒
Charge registered #9
Lender: Lloyds Bank PLC
1993-12-01
🔒
Charge registered #8
Lender: Lloyds Bank PLC
1993-12-01
🔒
Charge registered #7
Lender: Lloyds Bank PLC

Showing most recent 50 of 58 events

Owner dependency

65/100

High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS

-8 active directors: Broader management team in place — suggests transferable governance.
+Long-tenure founder: Senior director has been in place 32 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 89 — succession pressure is live.

Succession & seller-readiness

85/100

Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS

primaryFounder aged 70+: Senior director is approximately 89 years old. Natural succession window is now.
primary20+ year tenure: Director in role 32 years. Very long tenure is a classic succession signal.
secondaryStable-but-static management: Company is 32 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

3 high · 1 med · 1 low

Accounts overdue

high

Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.

Evidence: Next due: 2002-07-31

Confirmation statement overdue

high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2016-12-15

18 insolvency-related filings on record

high

Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.

Evidence: 2011-03-10: liquidation-receiver-abstract-of-receipts-and-payments-with-brought-down-date; 2011-03-10: legacy

Has insolvency history

medium

Companies House flags prior insolvency events. Review the insolvency filings for context.

12 live charges

low

Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.

🔒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 →

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Peers ranked by estimated value, then turnover, then opportunity score.See all →

🔒Tailored diligence questions

13 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.

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Company details

Statusactive

Typeplc

Incorporated1993-12-01

Jurisdictionengland-wales

Primary SIC—

Registered office

One Snowhill

Snow Hill Queensway

Birmingham

B4 6GH

Filing status

Accounts

Next due: 2002-07-31OVERDUE

Last made up to: —

Confirmation statement

Next due: 2016-12-15OVERDUE

Last: —