CHEQUE EXCHANGE LIMITED
💤Zombieactive
02927947 · ltd · incorporated 1994-05-11
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
70/100
Strong
What this business does
Primary activity: Financial intermediation not elsewhere classified
Sector: Financial & insurance
Investor take
PursueStrong opportunity: active trading company with strong profile and bankable structure.
Opportunity 70/100 (strong), bankability 77/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (58/100).
🏦
Refinance opportunity
4 live charges · 3 lenders · oldest 27.2y
15/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 27.2 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (58/100)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
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
54 officers (1 active, 54 linked, 42 with DOB)
86
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
5 connected companies via shared directors
60
Filing history
225 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
70/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
55
Some acquirability indicators.
Risk profile
69
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.
Recent activity
Last 30 days
0
filings
Last 90 days
2
filings
- • 2 officers
Last 180 days
2
filings
- • 2 officers
Counts from Companies House filing history.
Corporate timeline (137 events)Click to expand
- 2026-04-10📄termination-director-company-with-name-termination-dateofficers · TM01
- 2026-04-09📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2026-04-02➖MCCLURE, Elizabeth resignedsecretary
- 2026-04-02➖VASUDEV, Shruti resigneddirector
- 2025-10-06📄accounts-with-accounts-type-fullaccounts · AA
- 2025-09-22📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-11-27➕MUSTARD, Michael William appointeddirector
- 2024-11-27➖CRONIN, Gareth resigneddirector
- 2024-11-27📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-11-27📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-11-05📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2024-11-05📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2024-10-17📄accounts-with-accounts-type-audit-exemption-subsiduaryaccounts · AA
- 2024-10-17📄legacyaccounts · PARENT_ACC
- 2024-10-17📄legacyother · GUARANTEE2
- 2024-10-17📄legacyother · AGREEMENT2
- 2024-10-11➕MCCLURE, Elizabeth appointedsecretary
- 2024-10-11➖WHINCUP, David George resignedsecretary
- 2024-10-09📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-10-08📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-10-04➖BARNETT, Melanie Jayne resigneddirector
- 2024-10-04➕VASUDEV, Shruti appointeddirector
- 2023-12-23📄accounts-with-accounts-type-fullaccounts · AA
- 2023-11-23📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-11-23📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-11-22➖ALI, Shamshad resigneddirector
- 2023-11-22➕CRONIN, Gareth appointeddirector
- 2023-05-30➕ALI, Shamshad appointeddirector
- 2023-05-30➖THOMAS, Matthew resigneddirector
- 2023-05-30📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-05-30📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-03-22📄change-person-director-company-with-change-dateofficers · CH01
- 2022-09-30➖CANT, Gregor Roderick resigneddirector
- 2022-09-30➕THOMAS, Matthew appointeddirector
- 2022-09-30📄appoint-person-director-company-with-name-dateofficers · AP01
- 2022-08-19➕BARNETT, Melanie Jayne appointeddirector
- 2022-08-19➖DAVIES, Charlotte resigneddirector
- 2021-02-09➕CANT, Gregor Roderick appointeddirector
- 2021-02-09➖MOORE, Neill Lewis Mcdonald resigneddirector
- 2021-02-09➖PATON, Hamish Stewart resigneddirector
- 2021-01-12➕MOORE, Neill Lewis Mcdonald appointeddirector
- 2020-12-04➕DAVIES, Charlotte appointeddirector
- 2020-11-18➖THORNHILL, Eleanor resigneddirector
- 2020-09-14➕PATON, Hamish Stewart appointeddirector
- 2020-08-28➖GILLESPIE, Christopher Donald resigneddirector
- 2018-07-16➕WHINCUP, David George appointedsecretary
- 2018-03-31➖WATTS, Paula resignedsecretary
- 2018-02-14➖MULLEN, Kenneth John resigneddirector
- 2018-02-14➕THORNHILL, Eleanor appointeddirector
- 2018-02-09➖MCLELLAND, Phillip Alexander resigneddirector
Showing most recent 50 of 137 events
Owner dependency
75/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Sole director: Only one active director — all governance concentrated on one person.
Succession & seller-readiness
45/100
Moderate signalSome succession indicators present. Worth watching; approach if sector/strategy fits.
SIGNALS
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
Red flags
2 med ·2 director resignations in last 12 months
mediumMultiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.
Evidence: MCCLURE, Elizabeth resigned 2026-04-02; VASUDEV, Shruti resigned 2026-04-02
Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
N&N Simple Financial Solutions Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
N&N Simple Financial Solutions Limited
Corporate parent · holds 75-100% shares · board control
⬇
CHEQUE EXCHANGE LIMITED
This company · 02927947
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
N&N Simple Financial Solutions Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 06/04/2016 |
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.
See pricing →Similar companies
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|---|---|---|---|---|---|---|---|
| CORTEX WEALTH MANAGEMENT LTD→ 06977998 · est 2009 · no financials extracted | — | — | — | — | 16y | — | — |
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| DALLAS SCOTT DAVEY LTD→ 13619222 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| DALLAS WILDING DREW LTD→ 13128315 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| DISCOVERY COMMERCIAL FINANCE LIMITED→ 14520594 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| DRAGON CORPORATE LIMITED→ 08285580 · est 2012 · no financials extracted | — | — | — | — | 13y | — | — |
| DUODETRIGINTA LIMITED→ 15923891 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| ELITE 100 CARS LIMITED→ 09666035 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
| ELIZABETH ELLIS LIMITED→ 15883560 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| EPAYFX LIMITED→ 12742473 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| ETERNAL FINANCE LTD→ 14050310 · est 2022 · no financials extracted | — | — | — | — | 4y | — | — |
| EXCLUSIVE COMMERCIAL SERVICES LIMITED→ 14157415 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
7 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
Statusactive
Typeltd
Incorporated1994-05-11
Jurisdictionengland-wales
Primary SIC64999 — Financial intermediation not elsewhere classified
Registered office
Fairburn House
5 Godwin Street
Bradford
BD1 2AH
England
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-10-20
Last: 2025-10-06
Officers (1 active · 53 resigned)
MUSTARD, Michael William→
Activedirector · ~54y · appointed 2024-11-27
View their other companies + combined net worth →
FARROW, Andrew David John→
Resignedsecretary · appointed 2000-01-31 · resigned 2001-04-04
HAIGH, Nicholas John→
Resignedsecretary · appointed 1995-02-10 · resigned 2000-01-31
MARSHALL SMITH, Rosamond Joy→
Resignedsecretary · appointed 2001-04-04 · resigned 2006-01-09
MCCLURE, Elizabeth→
Resignedsecretary · appointed 2024-10-11 · resigned 2026-04-02
NOAD, Susan→
Resignedsecretary · appointed 1994-06-06 · resigned 1995-02-10
SEAKENS, Paul Michael→
Resignedsecretary · appointed 2009-03-25 · resigned 2009-11-02
VERSLUYS, Emma Gayle→
Resignedsecretary · appointed 2009-11-02 · resigned 2017-05-12
VERSLUYS, Emma Gayle→
Resignedsecretary · appointed 2006-01-09 · resigned 2008-01-30
WATTS, Paula→
Resignedsecretary · appointed 2017-05-12 · resigned 2018-03-31
WHINCUP, David George→
Resignedsecretary · appointed 2018-07-16 · resigned 2024-10-11
YORK PLACE COMPANY SECRETARIES LIMITED→
Resignedcorporate-nominee-secretary · appointed 1994-05-11 · resigned 1994-06-06
ALI, Shamshad→
Resigneddirector · ~56y · appointed 2023-05-30 · resigned 2023-11-22
BALL, Raymond John→
Resigneddirector · ~79y · appointed 1995-02-10 · resigned 2005-05-31
BARNETT, Melanie Jayne→
Resigneddirector · ~50y · appointed 2022-08-19 · resigned 2024-10-04
CANT, Gregor Roderick→
Resigneddirector · ~57y · appointed 2021-02-09 · resigned 2022-09-30
CRONIN, Gareth→
Resigneddirector · ~51y · appointed 2023-11-22 · resigned 2024-11-27
DAVIES, Charlotte→
Resigneddirector · ~53y · appointed 2020-12-04 · resigned 2022-08-19
DOUGALL, Adam James→
Resigneddirector · ~56y · appointed 2009-01-30 · resigned 2009-11-02
EKINS, Martin→
Resigneddirector · ~67y · appointed 2001-07-26 · resigned 2002-07-04
Click a director name to see their full track record across all companies.
Mortgages & charges
4
Total charges
0
Outstanding
0
Active lenders
Status:Lender:4 of 4 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Pearl Assurance Public Company Pearl Assurance Public Limited Company | Deed of deposit | 1 property | 09/03/2001 | 20/12/2017 | |
| satisfied | Fortis Bank Sa-Nv | Mortgage of assurance policy | 1 property | 18/12/2000 | 23/05/2001 | |
| satisfied | Fortis Bank Sa-Nv | Debenture | 1 property | 23/03/2000 | 23/05/2001 | |
| satisfied | Barclays Barclays Bank PLC | General charge on deposited documents | 1 property | 08/04/1999 | 11/04/2001 |
Recent filings (225 total)
termination-director-company-with-name-termination-date
officers · TM01
2026-04-10
termination-secretary-company-with-name-termination-date
officers · TM02
2026-04-09
accounts-with-accounts-type-full
accounts · AA
2025-10-06
confirmation-statement-with-updates
confirmation-statement · CS01
2025-10-06
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-09-22
appoint-person-director-company-with-name-date
officers · AP01
2024-11-27
termination-director-company-with-name-termination-date
officers · TM01
2024-11-27
appoint-person-secretary-company-with-name-date
officers · AP03
2024-11-05
termination-secretary-company-with-name-termination-date
officers · TM02
2024-11-05
accounts-with-accounts-type-audit-exemption-subsiduary
accounts · AA
2024-10-17
legacy
accounts · PARENT_ACC
2024-10-17
legacy
other · GUARANTEE2
2024-10-17
legacy
other · AGREEMENT2
2024-10-17
confirmation-statement-with-updates
confirmation-statement · CS01
2024-10-09
appoint-person-director-company-with-name-date
officers · AP01
2024-10-09