PAYRITE SERVICES LIMITED
⚰️Wound downdissolved
03225476 · ltd · incorporated 1996-07-16
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 27.3y 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 7415
Sector: Professional, scientific & technical
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 27.3y
50/100
clean up first
Refinance viable after a tidy-up — address the highlighted items first.
- · Oldest live charge is 27.3 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Legal-friction score 25/100 — workable, but lender will want more DD.
Data confidence
Overall: low (52/100)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
9 officers (5 active, 9 linked, 4 with DOB)
79
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
17 connected companies via shared directors
90
Filing history
57 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 (42 events)Click to expand
- 2010-08-17📄gazette-dissolved-compulsorygazette · GAZ2
- 2010-08-17🏁Company dissolved
- 2010-05-04📄gazette-notice-compulsorygazette · GAZ1
- 2009-12-18📄resolutionresolution · RESOLUTIONS
- 2009-12-17📄legacymortgage · MG01
- 2009-12-07🔒Charge registered #2Lender: Db Invoice Finance 12 Limited
- 2009-07-21📄legacyannual-return · 363a
- 2008-12-27📄accounts-with-accounts-type-fullaccounts · AA
- 2008-10-17📍legacyaddress · 287
- 2008-10-16📄legacyofficers · 288a
- 2008-10-16📄legacyofficers · 288b
- 2008-09-30➕WELLINGS, Simon James appointedsecretary
- 2008-09-30➖MITCHELL, John Gerald resignedsecretary
- 2008-07-16📄legacyannual-return · 363a
- 2008-03-01📄accounts-with-accounts-type-fullaccounts · AA
- 2008-02-11📄legacyofficers · 288a
- 2008-02-11📄legacyofficers · 288a
- 2008-02-04📍legacyaddress · 287
- 2008-02-04📄legacyofficers · 288b
- 2008-02-04📄legacyofficers · 288a
- 2008-01-24➕HAMMOND, Michael John appointeddirector
- 2008-01-24➕WILLIAMS, Edward Gordon appointeddirector
- 2008-01-24➖GODWYN, Bryan Peter resignedsecretary
- 2008-01-24➕MITCHELL, John Gerald appointedsecretary
- 2007-08-09📄legacyannual-return · 363s
- 2006-11-20📄accounts-with-accounts-type-fullaccounts · AA
- 2006-11-20📄accounts-with-accounts-type-fullaccounts · AA
- 2006-07-05📄legacyannual-return · 363s
- 2005-06-17📄legacyannual-return · 363s
- 2005-04-13📄auditors-resignation-companyauditors · AUD
- 2005-03-11📍legacyaddress · 287
- 2004-10-08📄accounts-with-accounts-type-fullaccounts · AA
- 2004-06-25📄legacyannual-return · 363s
- 1999-03-11🔒Charge registered #1Lender: Barclays Bank PLC
- 1996-08-12➕GODWYN, Bryan Peter appointeddirector
- 1996-08-12➕HARDS, Anthony Edward appointeddirector
- 1996-08-12➕GODWYN, Bryan Peter appointedsecretary
- 1996-08-12➖ALPHA SECRETARIAL LIMITED resignedcorporate-nominee-secretary
- 1996-08-12➖ALPHA DIRECT LIMITED resignedcorporate-nominee-director
- 1996-07-16🏢Company incorporatedAs PAYRITE SERVICES LIMITED
- 1996-07-16➕ALPHA SECRETARIAL LIMITED appointedcorporate-nominee-secretary
- 1996-07-16➕ALPHA DIRECT LIMITED appointedcorporate-nominee-director
Owner dependency
65/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- -4 active directors: Broader management team in place — suggests transferable governance.
- +Long-tenure founder: Senior director has been in place 30 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 87 — 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 87 years old. Natural succession window is now.
- primary20+ year tenure: Director in role 30 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 2010-08-17
🔒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
Active · Professional services · DE postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| ADVANCED TRANSPORT ENERGY SOLUTIONS LIMITED→ 15168998 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| AEGIS ENGINEERING SYSTEMS (AES) LIMITED→ 03427676 · est 1997 · no financials extracted | — | — | — | — | 28y | — | — |
| AERO ROAD & RAIL LTD→ 16343281 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| AEROTEAM LIMITED→ 09270008 · est 2014 · no financials extracted | — | — | — | — | 11y | — | — |
| AESTONE CONSTRUCTION SERVICES LIMITED→ 16521692 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| AG CONSULTANCY SOLUTIONS LTD→ 16815558 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| AGILE LEGAL 360 LTD→ 14891296 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| AGILE SOLUTIONS GROUP LIMITED→ 17040121 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| AGLIO LIMITED→ 15006964 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| AHBS LIMITED→ 04762370 · est 2003 · no financials extracted | — | — | — | — | 22y | — | — |
| AHG DESIGN SERVICES LTD→ 12999620 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| AHS CONSULTING LTD→ 13150801 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
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
Incorporated1996-07-16
Jurisdictionengland-wales
Primary SIC7415 — SIC 7415
Registered office
Drg Building Longmoor Lane
Breaston
Derby
Derbyshire
DE72 3BQ
Uk
Filing status
Accounts
Next due: —
Last made up to: 2008-04-30
Confirmation statement
Next due: —
Last: —
Officers (0 active · 4 resigned)
WELLINGS, Simon James→
Activesecretary · appointed 2008-09-30
View their other companies + combined net worth →
GODWYN, Bryan Peter→
Activedirector · ~62y · appointed 1996-08-12
View their other companies + combined net worth →
HAMMOND, Michael John→
Activedirector · ~86y · appointed 2008-01-24
View their other companies + combined net worth →
HARDS, Anthony Edward→
Activedirector · ~87y · appointed 1996-08-12
View their other companies + combined net worth →
WILLIAMS, Edward Gordon→
Activedirector · ~63y · appointed 2008-01-24
View their other companies + combined net worth →
GODWYN, Bryan Peter→
Resignedsecretary · appointed 1996-08-12 · resigned 2008-01-24
MITCHELL, John Gerald→
Resignedsecretary · appointed 2008-01-24 · resigned 2008-09-30
ALPHA SECRETARIAL LIMITED→
Resignedcorporate-nominee-secretary · appointed 1996-07-16 · resigned 1996-08-12
ALPHA DIRECT LIMITED→
Resignedcorporate-nominee-director · appointed 1996-07-16 · resigned 1996-08-12
Click a director name to see their full track record across all companies.
Mortgages & charges
2
Total charges
2
Outstanding
2
Active lenders
Status:Lender:2 of 2 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Db Invoice Finance 12 Db Invoice Finance 12 Limited | Guarantee & debenture | 1 property | 07/12/2009 | — | |
| outstanding | Barclays Barclays Bank PLC | Guarantee & debenture | 1 property | 11/03/1999 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (57 total)
gazette-dissolved-compulsory
gazette · GAZ2
2010-08-17
gazette-notice-compulsory
gazette · GAZ1
2010-05-04
resolution
resolution · RESOLUTIONS
2009-12-18
legacy
mortgage · MG01
2009-12-17
legacy
annual-return · 363a
2009-07-21
accounts-with-accounts-type-full
accounts · AA
2008-12-27
legacy
address · 287
2008-10-17
legacy
officers · 288a
2008-10-16
legacy
officers · 288b
2008-10-16
legacy
annual-return · 363a
2008-07-16
accounts-with-accounts-type-full
accounts · AA
2008-03-01
legacy
officers · 288a
2008-02-11
legacy
officers · 288a
2008-02-11
legacy
address · 287
2008-02-04
legacy
officers · 288b
2008-02-04