ASPHALT SYSTEMS INTERNATIONAL LIMITED
⚰️Wound downdissolved
03158829 · ltd · incorporated 1996-02-14
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 30.1y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
65/100
Strong
What this business does
Primary activity: SIC 4525
Sector: Wholesale & retail
Investor take
Pass (distressed without resilience)Distressed unclear — structural issues outweigh the discount.
Opportunity 65/100 (strong), bankability 70/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. 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 (65/100).
🏦
Refinance opportunity
2 live charges · 2 lenders · oldest 30.1y
50/100
clean up first
Refinance viable after a tidy-up — address the highlighted items first.
- · Oldest live charge is 30.1 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Legal-friction score 30/100 — workable, but lender will want more DD.
Data confidence
Overall: low (50/100)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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
18 officers (4 active, 18 linked, 12 with DOB)
83
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
8 connected companies via shared directors
69
Filing history
151 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
65/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
30
Concerning — overdue filings or status flags present.
Acquirability
85
Strong succession / seller-readiness signals.
Risk profile
67
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 (62 events)Click to expand
- 2011-04-26📄gazette-dissolved-voluntarygazette · GAZ2(A)
- 2011-04-26🏁Company dissolved
- 2011-01-11📄gazette-notice-voluntarygazette · GAZ1(A)
- 2010-12-21📄dissolution-application-strike-off-companydissolution · DS01
- 2010-09-15📄accounts-with-accounts-type-dormantaccounts · AA
- 2010-09-09📄appoint-person-director-company-with-nameofficers · AP01
- 2010-09-01📄termination-director-company-with-nameofficers · TM01
- 2010-08-31➕SIMPSON, Barrie Stephen appointeddirector
- 2010-08-31➖HARDING, Paul David resigneddirector
- 2010-07-30➖CALDWELL, Neil resigneddirector
- 2010-07-30📄termination-director-company-with-nameofficers · TM01
- 2010-02-25📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2009-11-23📄change-person-director-company-with-change-dateofficers · CH01
- 2009-10-15📄accounts-with-accounts-type-dormantaccounts · AA
- 2009-03-04📄legacyannual-return · 363a
- 2008-09-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2008-03-03📄legacyannual-return · 363a
- 2007-08-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2007-03-08📄legacyannual-return · 363a
- 2006-11-01📄legacyofficers · 288b
- 2006-11-01📄legacyofficers · 288a
- 2006-10-09➕TONGE, Jeremy Michael appointeddirector
- 2006-10-09➖EMMENS, Andrew resigneddirector
- 2006-07-07📄accounts-with-accounts-type-fullaccounts · AA
- 2006-03-20📄legacyannual-return · 363a
- 2006-02-09📄resolutionresolution · RESOLUTIONS
- 2006-02-09📄resolutionresolution · RESOLUTIONS
- 2006-02-09📄resolutionresolution · RESOLUTIONS
- 2005-12-08📄accounts-with-accounts-type-fullaccounts · AA
- 2005-05-06📄legacyofficers · 288c
- 2005-03-24📄legacyannual-return · 363a
- 2004-05-18➕ALDBURY SECRETARIES LIMITED appointedcorporate-nominee-secretary
- 2004-05-18➖WARWICK CONSULTANCY SERVICES LIMITED resignedcorporate-secretary
- 2003-04-17🔓Charge satisfied #1
- 2003-02-28➖GOODHART, Jonathan Luke Henry resigneddirector
- 2002-10-25🔒Charge registered #2Lender: Equinox Capital Limited
- 2002-07-03➖WALSH, John Lawrence resigneddirector
- 2002-06-24➖SAPOUNTZOGLU, Michael resigneddirector
- 2001-11-08➕CALDWELL, Neil appointeddirector
- 2001-11-08➕HARDING, Paul David appointeddirector
- 1999-10-01➕EMMENS, Andrew appointeddirector
- 1999-03-09➕SAPOUNTZOGLU, Michael appointeddirector
- 1998-06-01➕WALSH, John Lawrence appointeddirector
- 1997-10-07➖MARSHALL, Humphrey Royden resigneddirector
- 1997-07-07➕GOODHART, Jonathan Luke Henry appointeddirector
- 1997-07-01➖MARSHALL, Daphne Mary resignedsecretary
- 1997-07-01➕WARWICK CONSULTANCY SERVICES LIMITED appointedcorporate-secretary
- 1997-04-25➕WIGHTMAN, Christopher Paul James appointeddirector
- 1996-10-04➖NEWTON, Colin resigneddirector
- 1996-08-01➕MARSHALL, Daphne Mary appointedsecretary
Showing most recent 50 of 62 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
- +Long-tenure founder: Senior director has been in place 29 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 76 — succession pressure is live.
Succession & seller-readiness
90/100
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 76 years old. Natural succession window is now.
- primary20+ year tenure: Director in role 29 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 30 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 ·Company dissolved
highCompany has been dissolved — it no longer legally exists. Any diligence here is historical only.
Evidence: Dissolved on 2011-04-26
🔒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
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
Incorporated1996-02-14
Jurisdictionengland-wales
Primary SIC4525 — SIC 4525
Registered office
Ternion Court
264-268 Upper Fourth Street
Central Milton Keynes
Buckinghamshire
MK9 1DP
Filing status
Accounts
Next due: —
Last made up to: 2009-12-31
Confirmation statement
Next due: —
Last: —
Officers (0 active · 14 resigned)
ALDBURY SECRETARIES LIMITED→
Activecorporate-nominee-secretary · appointed 2004-05-18
View their other companies + combined net worth →
SIMPSON, Barrie Stephen→
Activedirector · ~76y · appointed 2010-08-31
View their other companies + combined net worth →
TONGE, Jeremy Michael→
Activedirector · ~65y · appointed 2006-10-09
View their other companies + combined net worth →
WIGHTMAN, Christopher Paul James→
Activedirector · ~68y · appointed 1997-04-25
View their other companies + combined net worth →
CALDWELL, Neil→
Resignedsecretary · appointed 1996-02-14 · resigned 1996-06-03
LOVE, Alexander→
Resignedsecretary · appointed 1996-06-03 · resigned 1996-07-31
MARSHALL, Daphne Mary→
Resignedsecretary · appointed 1996-08-01 · resigned 1997-07-01
CHETTLEBURGH INTERNATIONAL LIMITED→
Resignedcorporate-nominee-secretary · appointed 1996-02-14 · resigned 1996-02-14
WARWICK CONSULTANCY SERVICES LIMITED→
Resignedcorporate-secretary · appointed 1997-07-01 · resigned 2004-05-18
CALDWELL, Neil→
Resigneddirector · ~71y · appointed 2001-11-08 · resigned 2010-07-30
EMMENS, Andrew→
Resigneddirector · ~67y · appointed 1999-10-01 · resigned 2006-10-09
GOODHART, Jonathan Luke Henry→
Resigneddirector · ~61y · appointed 1997-07-07 · resigned 2003-02-28
HARDING, Paul David→
Resigneddirector · ~68y · appointed 2001-11-08 · resigned 2010-08-31
LOVE, Alexander→
Resigneddirector · ~71y · appointed 1996-06-03 · resigned 1996-07-31
MARSHALL, Humphrey Royden→
Resigneddirector · ~87y · appointed 1996-02-14 · resigned 1997-10-07
NEWTON, Colin→
Resigneddirector · ~67y · appointed 1996-06-03 · resigned 1996-10-04
SAPOUNTZOGLU, Michael→
Resigneddirector · ~65y · appointed 1999-03-09 · resigned 2002-06-24
WALSH, John Lawrence→
Resigneddirector · ~74y · appointed 1998-06-01 · resigned 2002-07-03
Click a director name to see their full track record across all companies.
Mortgages & charges
2
Total charges
1
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Equinox Capital Equinox Capital Limited | Loan stock trust deed | 1 property | 25/10/2002 | — | |
| satisfied | Barclays Barclays Bank PLC | Debenture | 1 property | 16/05/1996 | 17/04/2003 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (151 total)
gazette-dissolved-voluntary
gazette · GAZ2(A)
2011-04-26
gazette-notice-voluntary
gazette · GAZ1(A)
2011-01-11
dissolution-application-strike-off-company
dissolution · DS01
2010-12-21
accounts-with-accounts-type-dormant
accounts · AA
2010-09-15
appoint-person-director-company-with-name
officers · AP01
2010-09-09
termination-director-company-with-name
officers · TM01
2010-09-01
termination-director-company-with-name
officers · TM01
2010-07-30
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2010-02-25
change-person-director-company-with-change-date
officers · CH01
2009-11-23
accounts-with-accounts-type-dormant
accounts · AA
2009-10-15
legacy
annual-return · 363a
2009-03-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2008-09-30
legacy
annual-return · 363a
2008-03-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2007-08-31
legacy
annual-return · 363a
2007-03-08