PRIME VCT LIMITED
⚰️Wound downdissolved
03242563 · ltd · incorporated 1996-08-28
Investment thesis
Company dissolved — not a live target.
Why interesting: Historical record only; useful for precedent research.
Why risky: Not transactable.
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
62/100
Worth a look
What this business does
Primary activity: Development of building projects
Sector: Construction
ALSO REGISTERED FOR
- 68100Buying and selling of own real estate
- 82110Combined office administrative service activities
Investor take
Pass (distressed without resilience)Distressed unclear — structural issues outweigh the discount.
Opportunity 62/100 (worth a look), bankability 62/100. Strong seller-intent signal (78/100, director aged 72). Biggest value-creation lever: Consolidate lender relationships. 8 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (73/100).
🏦
Refinance opportunity
8 live charges · 6 lenders · oldest 29.7y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 29.7 years old — likely at or near maturity.
- · 6 lenders named — inter-creditor friction likely.
- · Legal-friction score 30/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (57/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Company profile
address, 3 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
8 charges (8/8 with lender, 8/8 with type)
90
Directors & officers
17 officers (1 active, 17 linked, 10 with DOB)
82
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
4 connected companies via shared directors
57
Filing history
159 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
62/100Worth a look
PassWatchWorth a lookStrongExceptional
Mixed signal. Worth opening the full target workup before deciding to pursue.
Business quality
30
Concerning — overdue filings or status flags present.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
59
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 (66 events)Click to expand
- 2025-09-02📄gazette-dissolved-voluntarygazette · GAZ2(A)
- 2025-09-02🏁Company dissolved
- 2025-06-17📄gazette-notice-voluntarygazette · GAZ1(A)
- 2025-06-06📄dissolution-application-strike-off-companydissolution · DS01
- 2025-02-18📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-04-29📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-04-27📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-04-21📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-08-24📄change-person-director-company-with-change-dateofficers · CH01
- 2021-08-24📄change-person-director-company-with-change-dateofficers · CH01
- 2021-04-26📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-12-01📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2020-12-01📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2020-12-01📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2020-07-31📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-04-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-12-20📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2018-03-21📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2016-12-07🔒Charge registered #8Lender: Jonathan Peter Spencer
- 2013-06-28🔒Charge registered #7Lender: Claire L'estrange Spencer
- 2012-02-29🔓Charge satisfied #6
- 2012-02-29🔓Charge satisfied #1
- 2012-02-20➖YU, Ka Wai resignedsecretary
- 2012-02-20➖JACKSON-STOPS, Timothy William Ashworth resigneddirector
- 2012-02-20➖STANFORD, Henry Julian Aglionby resigneddirector
- 2010-11-24➖SHAW, Mark Glenn Bridgman resigneddirector
- 2009-01-22➕YU, Ka Wai appointedsecretary
- 2009-01-22➖CLOSE VENTURES LIMITED resignedcorporate-secretary
- 2007-07-27➖TOOMEY, Mark Daniel resignedsecretary
- 2007-07-27➕CLOSE VENTURES LIMITED appointedcorporate-secretary
- 2004-09-22➖GAIN, Jonathan Mark resignedsecretary
- 2004-09-22➕TOOMEY, Mark Daniel appointedsecretary
- 2003-07-10➕SPENCER, Jonathan Peter appointeddirector
- 2003-07-10➖JONES, Stephen Spencer resigneddirector
- 2002-09-14🔓Charge satisfied #4
- 2002-09-05🔓Charge satisfied #5
- 2002-09-05🔓Charge satisfied #3
- 2002-09-05🔓Charge satisfied #2
- 2001-12-31➕JONES, Stephen Spencer appointeddirector
- 2001-12-31➖SPENCER, Jonathan Peter resigneddirector
- 2001-08-01🔒Charge registered #6Lender: Close Bothers Venture Capital Trust PLC
- 2000-10-03➖SHATTOCK, Nicholas Simon Keith resigneddirector
- 2000-10-03➕SPENCER, Jonathan Peter appointeddirector
- 2000-08-09➖REEVE, Patrick Harold resigneddirector
- 2000-08-09➕STANFORD, Henry Julian Aglionby appointeddirector
- 2000-05-12➖DAVIS, William Edward resignedsecretary
- 2000-05-12➕GAIN, Jonathan Mark appointedsecretary
- 2000-02-08➖PELLING, Timothy Gordon resigneddirector
- 2000-02-08➕SHATTOCK, Nicholas Simon Keith appointeddirector
- 1998-09-15➖BETTUM, Ole resigneddirector
Showing most recent 50 of 66 events
Owner dependency
100/100
Critical — business is the founderThe business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
FACTORS
- +Sole director: Only one active director — all governance concentrated on one person.
- +Long-tenure founder: Senior director has been in place 23 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 72 — succession pressure is live.
Succession & seller-readiness
100/100
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 72 years old. Natural succession window is now.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- primary20+ year tenure: Director in role 23 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 · 1 med ·Company dissolved
highCompany has been dissolved — it no longer legally exists. Any diligence here is historical only.
Evidence: Dissolved on 2025-09-02
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
Prime Residential Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Prime Residential Limited
Corporate parent · holds 75-100% shares · board control
⬇
PRIME VCT LIMITED
This company · 03242563
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 |
|---|---|---|---|---|
Prime Residential Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 06/04/2016 |
2 historic (ceased) PSCs
- Mrs Claire L'Estrange Spencerceased 01/06/2016· 25-50% shares · significant influence
- Mr Jonathan Peter Spencerceased 01/06/2016· significant influence
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
Active · Construction · PO postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| 106 PROPERTY GROUP LIMITED→ 09789625 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
| 10X CONSTRUCTION LIMITED→ 15529536 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| 1ST CLASS FLOORS LIMITED→ 04752901 · est 2003 · no financials extracted | — | — | — | — | 22y | — | — |
| 1ST GLAZING REPAIRS LIMITED→ 06798269 · est 2009 · no financials extracted | — | — | — | — | 17y | — | — |
| 1ST WESTMINSTER BUILDERS LIMITED→ 04969687 · est 2003 · no financials extracted | — | — | — | — | 22y | — | — |
| 2 BROTHERS CONCRETE PUMPING LIMITED→ 12985159 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| 2 TECK LIMITED→ 04834894 · est 2003 · no financials extracted | — | — | — | — | 22y | — | — |
| 21ST MILE LIMITED→ 11028129 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| 2RPROJECTS LIMITED→ 13141534 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| 2X7 LTD→ 11403201 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| 3 PHASE GROUP LIMITED→ 13986542 · est 2022 · no financials extracted | — | — | — | — | 4y | — | — |
| 3 SIXTY TRAINING LTD→ 15516817 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
9 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
Incorporated1996-08-28
Jurisdictionengland-wales
Primary SIC41100 — Development of building projects
Registered office
St Catherines House St. Catherines Road
Niton Undercliff
Ventnor
PO38 2NA
England
Filing status
Accounts
Next due: —
Last made up to: 2024-07-31
Confirmation statement
Next due: —
Last: 2024-08-28
Officers (0 active · 16 resigned)
SPENCER, Jonathan Peter→
Activedirector · ~72y · appointed 2003-07-10
View their other companies + combined net worth →
DAVIS, William Edward→
Resignedsecretary · appointed 1996-09-20 · resigned 2000-05-12
GAIN, Jonathan Mark→
Resignedsecretary · appointed 2000-05-12 · resigned 2004-09-22
TOOMEY, Mark Daniel→
Resignedsecretary · appointed 2004-09-22 · resigned 2007-07-27
YU, Ka Wai→
Resignedsecretary · appointed 2009-01-22 · resigned 2012-02-20
CLOSE VENTURES LIMITED→
Resignedcorporate-secretary · appointed 2007-07-27 · resigned 2009-01-22
PINSENT MASONS SECRETARIAL LIMITED→
Resignedcorporate-nominee-secretary · appointed 1996-08-28 · resigned 1996-09-20
BETTUM, Ole→
Resigneddirector · ~63y · appointed 1997-10-09 · resigned 1998-09-15
JACKSON-STOPS, Timothy William Ashworth→
Resigneddirector · ~84y · appointed 1996-09-20 · resigned 2012-02-20
JONES, Stephen Spencer→
Resigneddirector · ~79y · appointed 2001-12-31 · resigned 2003-07-10
PELLING, Timothy Gordon→
Resigneddirector · ~85y · appointed 1996-09-20 · resigned 2000-02-08
REEVE, Patrick Harold→
Resigneddirector · ~66y · appointed 1996-09-20 · resigned 2000-08-09
SHATTOCK, Nicholas Simon Keith→
Resigneddirector · ~67y · appointed 2000-02-08 · resigned 2000-10-03
SHAW, Mark Glenn Bridgman→
Resigneddirector · ~79y · appointed 1996-09-20 · resigned 2010-11-24
SPENCER, Jonathan Peter→
Resigneddirector · ~72y · appointed 2000-10-03 · resigned 2001-12-31
STANFORD, Henry Julian Aglionby→
Resigneddirector · ~61y · appointed 2000-08-09 · resigned 2012-02-20
PINSENT MASONS DIRECTOR LIMITED→
Resignedcorporate-nominee-director · appointed 1996-08-28 · resigned 1996-09-20
Click a director name to see their full track record across all companies.
Mortgages & charges
8
Total charges
2
Outstanding
2
Active lenders
Status:Lender:8 of 8 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Jonathan Peter Spencer / Claire L'estrange Spencer / D a Philips & Co Jonathan Peter Spencer / Claire L'estrange Spencer / D a Philips & Co Limited | A registered charge | 1 property | 07/12/2016 | — | |
| outstanding | Claire L'estrange Spencer / Jonathan Peter Spencer / D a Phillips and Co Claire L'estrange Spencer / Jonathan Peter Spencer / D a Phillips and Co Limited | A registered charge | 1 property | 28/06/2013 | — | |
| satisfied | Close Bothers Venture Capital Trust Close Bothers Venture Capital Trust PLC | Debenture | 1 property | 01/08/2001 | 29/02/2012 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Legal charge | 1 property | 09/10/1997 | 05/09/2002 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Deed of assignment of building contract | 1 property | 17/06/1997 | 14/09/2002 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Legal charge | 1 property | 17/06/1997 | 05/09/2002 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Debenture | 1 property | 17/10/1996 | 05/09/2002 | |
| satisfied | Close Brothers Close Brothers Venture Capital Trust PLC | Debenture | 1 property | 20/09/1996 | 29/02/2012 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (159 total)
gazette-dissolved-voluntary
gazette · GAZ2(A)
2025-09-02
gazette-notice-voluntary
gazette · GAZ1(A)
2025-06-17
dissolution-application-strike-off-company
dissolution · DS01
2025-06-06
accounts-with-accounts-type-micro-entity
accounts · AA
2025-02-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-16
accounts-with-accounts-type-micro-entity
accounts · AA
2024-04-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-09-28
accounts-with-accounts-type-micro-entity
accounts · AA
2023-04-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-10-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-04-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-08-31
change-person-director-company-with-change-date
officers · CH01
2021-08-24
change-person-director-company-with-change-date
officers · CH01
2021-08-24
accounts-with-accounts-type-micro-entity
accounts · AA
2021-04-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-12-11