FONEACE LIMITED

⚰️Wound downdissolved
03317036 · ltd · incorporated 1997-02-12
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 21.9y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
50/100
Worth a look
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What this business does
Primary activity: Development of building projects
Sector: Construction
Investor take
Pass (distressed without resilience)
Distressed unclear — structural issues outweigh the discount.

Opportunity 50/100 (worth a look), bankability 60/100. Strong seller-intent signal (88/100, director aged 78). Asset purchase likely safer than share purchase given structural signals. 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: strategic trade sale (53/100). Current lenders should be on monthly review.

🏦

Refinance opportunity

3 live charges · oldest 21.9y

65/100
clean up first

Refinance viable after a tidy-up — address the highlighted items first.

  • · Oldest live charge is 21.9 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 35/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (56/100)

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
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
7 officers (3 active, 7 linked, 4 with DOB)
81
Ownership & PSC
4 active PSC(s) of 4 total, 4 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
88 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
50/100Worth a look
PassWatchWorth a lookStrongExceptional 

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality
10
Concerning — overdue filings or status flags present.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
41
Multiple red flags — proceed with caution.
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 (41 events)Click to expand
  1. 2020-05-24
    ⚠️
    gazette-dissolved-liquidation
    gazette · GAZ2
  2. 2020-05-24
    🏁
    Company dissolved
  3. 2020-02-24
    ⚠️
    liquidation-voluntary-members-return-of-final-meeting
    insolvency · LIQ13
  4. 2019-10-15
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  5. 2019-10-15
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  6. 2019-10-15
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  7. 2019-10-15
    🔓
    Charge satisfied #3
  8. 2019-10-15
    🔓
    Charge satisfied #2
  9. 2019-10-15
    🔓
    Charge satisfied #1
  10. 2019-10-14
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  11. 2019-10-10
    ⚠️
    liquidation-voluntary-appointment-of-liquidator
    insolvency · 600
  12. 2019-10-10
    📄
    resolution
    resolution · RESOLUTIONS
  13. 2019-10-10
    ⚠️
    liquidation-voluntary-declaration-of-solvency
    insolvency · LIQ01
  14. 2019-07-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2019-01-22
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  16. 2019-01-22
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  17. 2018-10-08
    📄
    capital-name-of-class-of-shares
    capital · SH08
  18. 2018-10-05
    📄
    resolution
    resolution · RESOLUTIONS
  19. 2018-09-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  20. 2018-02-16
    📄
    mortgage-charge-whole-release-with-charge-number
    mortgage · MR05
  21. 2018-02-16
    📄
    mortgage-charge-whole-release-with-charge-number
    mortgage · MR05
  22. 2018-02-16
    📄
    mortgage-charge-whole-release-with-charge-number
    mortgage · MR05
  23. 2017-11-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  24. 2017-05-18
    📄
    statement-of-companys-objects
    change-of-constitution · CC04
  25. 2017-05-18
    📄
    resolution
    resolution · RESOLUTIONS
  26. 2017-05-18
    📄
    capital-name-of-class-of-shares
    capital · SH08
  27. 2006-03-01
    ➕
    RUSSELL, Janette appointed
    director
  28. 2006-03-01
    ➖
    RUSSELL, Allan resigned
    director
  29. 2005-02-28
    ➖
    FOWLE, Peter resigned
    director
  30. 2004-07-29
    🔒
    Charge registered #3
    Lender: Hsbc Bank PLC
  31. 2004-07-29
    🔒
    Charge registered #2
    Lender: Hsbc Bank PLC
  32. 2004-07-29
    🔒
    Charge registered #1
    Lender: Hsbc Bank PLC
  33. 1997-04-04
    ➕
    LINSLEY, Ian appointed
    director
  34. 1997-04-03
    ➕
    FOWLE, Peter appointed
    director
  35. 1997-02-26
    ➕
    RUSSELL, Janette appointed
    secretary
  36. 1997-02-26
    ➖
    SWIFT INCORPORATIONS LIMITED resigned
    corporate-nominee-secretary
  37. 1997-02-26
    ➕
    RUSSELL, Allan appointed
    director
  38. 1997-02-26
    ➖
    INSTANT COMPANIES LIMITED resigned
    corporate-nominee-director
  39. 1997-02-12
    🏢
    Company incorporated
    As FONEACE LIMITED
  40. 1997-02-12
    ➕
    SWIFT INCORPORATIONS LIMITED appointed
    corporate-nominee-secretary
  41. 1997-02-12
    ➕
    INSTANT COMPANIES LIMITED appointed
    corporate-nominee-director

Owner dependency

83/100
Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Long-tenure founder: Senior director has been in place 29 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 78 — succession pressure is live.

Succession & seller-readiness

96/100
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 78 years old. Natural succession window is now.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 29 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 29 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 ·
Company dissolved
high

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

Evidence: Dissolved on 2020-05-24

4 insolvency-related filings on record
high

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

Evidence: 2020-05-24: gazette-dissolved-liquidation; 2020-02-24: liquidation-voluntary-members-return-of-final-meeting

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.

Shareholders & ownership

4 active beneficial owners · fragmented
NameSharesVoting rightsNature of controlNotified
Mr Allan Russell
Individual · British · DOB 10/1956 · age 70
25–50%
25–50%25-50% shares · 25-50% voting02/04/2018
Mrs Judit Helen Linsley
Individual · British · DOB 03/1950 · age 76
25–50%
25–50%25-50% shares · 25-50% voting02/04/2018
Mr Ian Linsley
Individual · British · DOB 04/1948 · age 78
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016
Mrs Janette Russell
Individual · British · DOB 03/1957 · age 69
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016

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 →

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

10 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.

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Company details

Statusdissolved
Typeltd
Incorporated1997-02-12
Jurisdictionengland-wales
Primary SIC41100 — Development of building projects

Registered office

C/O Begbies Traynor (Central) Llp, 4th Floor Cathedral Buildings
Dean Street
Newcastle Upon Tyne
NE1 1PG

Filing status

Accounts
Next due: —
Last made up to: 2019-03-31
Confirmation statement
Next due: —
Last: —

Officers (0 active · 4 resigned)

RUSSELL, Janette→
secretary · appointed 1997-02-26
View their other companies + combined net worth →
Active
LINSLEY, Ian→
director · ~78y · appointed 1997-04-04
View their other companies + combined net worth →
Active
RUSSELL, Janette→
director · ~69y · appointed 2006-03-01
View their other companies + combined net worth →
Active
SWIFT INCORPORATIONS LIMITED→
corporate-nominee-secretary · appointed 1997-02-12 · resigned 1997-02-26
Resigned
FOWLE, Peter→
director · ~70y · appointed 1997-04-03 · resigned 2005-02-28
Resigned
RUSSELL, Allan→
director · ~70y · appointed 1997-02-26 · resigned 2006-03-01
Resigned
INSTANT COMPANIES LIMITED→
corporate-nominee-director · appointed 1997-02-12 · resigned 1997-02-26
Resigned

Click a director name to see their full track record across all companies.

Mortgages & charges

3
Total charges
0
Outstanding
0
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
satisfied
HSBC
Hsbc Bank PLC
Legal mortgage1 property29/07/200415/10/2019
satisfied
HSBC
Hsbc Bank PLC
Legal mortgage1 property29/07/200415/10/2019
satisfied
HSBC
Hsbc Bank PLC
Legal mortgage1 property29/07/200415/10/2019

Recent filings (88 total)

gazette-dissolved-liquidation
gazette · GAZ2
2020-05-24
liquidation-voluntary-members-return-of-final-meeting
insolvency · LIQ13
2020-02-24
mortgage-satisfy-charge-full
mortgage · MR04
2019-10-15
mortgage-satisfy-charge-full
mortgage · MR04
2019-10-15
mortgage-satisfy-charge-full
mortgage · MR04
2019-10-15
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2019-10-14
liquidation-voluntary-appointment-of-liquidator
insolvency · 600
2019-10-10
resolution
resolution · RESOLUTIONS
2019-10-10
liquidation-voluntary-declaration-of-solvency
insolvency · LIQ01
2019-10-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-07-31
confirmation-statement-with-updates
confirmation-statement · CS01
2019-01-22
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2019-01-22
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2019-01-22
capital-name-of-class-of-shares
capital · SH08
2018-10-08
resolution
resolution · RESOLUTIONS
2018-10-05