WORLD TELECOM PUBLIC LIMITED COMPANY

⚰️Wound downdissolved

02880563 · plc · incorporated 1993-12-14

Investment thesis

Company dissolved — not a live target.

Why interesting: Historical record only; useful for precedent research.

Why risky: Not transactable.

🔒Estimated value

—

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Turnover

—

not disclosed

Net worth

—

book net assets

Opportunity

48/100

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What this business does

Primary activity: SIC 6411

Sector: Financial & insurance

ALSO REGISTERED FOR

7487SIC 7487

Investor take

Pass (distressed without resilience)

Distressed unclear — structural issues outweigh the discount.

Opportunity 48/100 (watch), bankability 32/100. 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: Consolidate lender relationships. 5 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: asset disposal / carve-out (55/100). Current lenders should be on monthly review.

🏦

Refinance opportunity

10 live charges · 5 lenders · oldest 30.8y

25/100

too messy

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

· Oldest live charge is 30.8 years old — likely at or near maturity.
· 5 lenders named — inter-creditor friction likely.
· Legal-friction score 75/100 (specialist).

Data confidence

Overall: low (52/100)

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

Company profile

address, 2 SIC codes, incorporation date

100

Financials

No iXBRL financials extracted

Lenders & charges

10 charges (10/10 with lender, 10/10 with type)

Directors & officers

18 officers (7 active, 18 linked, 12 with DOB)

Ownership & PSC

No PSCs filed (unusual — worth investigating)

Director network

15 connected companies via shared directors

Filing history

137 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

48/100Watch

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

100

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 (71 events)Click to expand

2011-08-02
📄
gazette-dissolved-compulsory
gazette · GAZ2
2011-08-02
🏁
Company dissolved
2011-04-19
📄
gazette-notice-compulsory
gazette · GAZ1
2010-11-17
⚠️
liquidation-receiver-abstract-of-receipts-and-payments-with-brought-down-date
insolvency · 3.6
2010-11-17
⚠️
legacy
insolvency · LQ02
2010-04-30
⚠️
liquidation-receiver-abstract-of-receipts-and-payments-with-brought-down-date
insolvency · 3.6
2009-02-10
⚠️
liquidation-receiver-abstract-of-receipts-and-payments-with-brought-down-date
insolvency · 3.6
2008-02-21
⚠️
liquidation-receiver-abstract-of-receipts-and-payments
insolvency · 3.6
2007-02-26
⚠️
liquidation-receiver-abstract-of-receipts-and-payments
insolvency · 3.6
2006-02-15
⚠️
liquidation-receiver-abstract-of-receipts-and-payments
insolvency · 3.6
2005-02-16
⚠️
liquidation-receiver-abstract-of-receipts-and-payments
insolvency · 3.6
2004-02-27
⚠️
liquidation-receiver-abstract-of-receipts-and-payments
insolvency · 3.6
2003-02-25
⚠️
liquidation-receiver-abstract-of-receipts-and-payments
insolvency · 3.6
2003-01-15
⚠️
legacy
insolvency · 405(1)
2003-01-15
⚠️
legacy
insolvency · 405(2)
2002-03-01
⚠️
liquidation-receiver-abstract-of-receipts-and-payments
insolvency · 3.6
2001-08-08
📄
legacy
officers · 288b
2001-05-10
⚠️
liquidation-receiver-administrative-receivers-report
insolvency · 3.10
2001-03-01
➖
LANCE, Christopher John resigned
director
2001-02-22
⚠️
liquidation-receiver-abstract-of-receipts-and-payments
insolvency · 3.6
2000-01-07
⚠️
legacy
insolvency · 405(1)
1999-12-22
📄
legacy
capital · 88(2)R
1999-12-08
📄
legacy
officers · 288a
1999-11-30
➕
WALSH, Paul Vincent appointed
director
1999-09-02
📄
resolution
resolution · RESOLUTIONS
1999-09-02
📄
resolution
resolution · RESOLUTIONS
1999-09-02
📄
resolution
resolution · RESOLUTIONS
1999-07-19
📄
accounts-with-accounts-type-full-group
accounts · AA
1999-04-06
➕
DOUGLAS, Clive Frederick Kenneth appointed
secretary
1999-04-06
➖
SEXTON, Rose Marie resigned
secretary
1999-03-29
➕
LANCE, Christopher John appointed
director
1999-03-26
➖
KIMBER, Robert Charles resigned
director
1999-02-19
🔓
Charge satisfied #6
1999-01-27
🔓
Charge satisfied #4
1999-01-13
🔓
Charge satisfied #3
1999-01-08
🔒
Charge registered #10
Lender: The Chase Manhattan Bank
1999-01-07
🔒
Charge registered #9
Lender: The Chase Manhattan Bank
1999-01-07
🔒
Charge registered #8
Lender: The Chase Manhattan Bank
1999-01-07
🔒
Charge registered #7
Lender: The Chase Manhattan Bank
1998-09-30
➖
NIJDAM, Boudewijn Alfons Paulus resigned
director
1998-09-24
🔒
Charge registered #6
Lender: National Westminster Bank PLC
1998-09-10
➕
KIMBER, Robert Charles appointed
director
1998-08-13
🔒
Charge registered #5
Lender: Leasetec UK Limited
1998-06-24
🔓
Charge satisfied #1
1998-06-03
➕
DEY, David appointed
director
1998-05-12
➖
GARROOD, Brigitte resigned
secretary
1998-05-12
➕
SEXTON, Rose Marie appointed
secretary
1998-02-10
➖
MCWHIRTER, Colin Andrew resigned
director
1998-02-10
➕
NIJDAM, Boudewijn Alfons Paulus appointed
director
1997-09-25
🔒
Charge registered #4
Lender: Barclays Bank PLC

Showing most recent 50 of 71 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

-6 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 92 — succession pressure is live.

Succession & seller-readiness

90/100

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 92 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 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 · 1 med · 1 low

Company dissolved

high

Company has been dissolved — it no longer legally exists. Any diligence here is historical only.

Evidence: Dissolved on 2011-08-02

16 insolvency-related filings on record

high

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

Evidence: 2010-11-17: liquidation-receiver-abstract-of-receipts-and-payments-with-brought-down-date; 2010-11-17: legacy

Charge satisfaction-then-recreation pattern

medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

5 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.

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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.

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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.

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Company details

Statusdissolved

Typeplc

Incorporated1993-12-14

Jurisdictionengland-wales

Primary SIC6411 — SIC 6411

Registered office

Quayside Lodge

William Morris Way

London

SW6 2UZ

Filing status

Accounts

Next due: —

Last made up to: —

Confirmation statement

Next due: —

Last: —