FORMPRO MAIL MARKETING LIMITED
Opportunity 48/100 (watch), bankability 32/100. High owner-dependency — earn-out structure likely required for clean transition. Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: Consolidate lender relationships. 5 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: asset disposal / carve-out (55/100). Current lenders should be on monthly review.
Refinance opportunity
9 live charges · 5 lenders · oldest 25.2y
Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.
- · Oldest live charge is 25.2 years old — likely at or near maturity.
- · 5 lenders named — inter-creditor friction likely.
- · Legal-friction score 60/100 (high).
Data confidence
Overall: low (51/100)Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.
Not actionable now, but monitor — distressed, succession, or structural changes could flip this into a real opportunity.
Recent activity
Corporate timeline (76 events)Click to expand
- 2015-07-01📄bona-vacantia-companyrestoration · BONA
- 2011-03-21⚠️gazette-dissolved-liquidationgazette · GAZ2
- 2011-03-21🏁Company dissolved
- 2010-12-21⚠️liquidation-in-administration-move-to-dissolution-with-case-end-dateinsolvency · 2.35B
- 2010-07-26⚠️liquidation-in-administration-progress-report-with-brought-down-dateinsolvency · 2.24B
- 2010-02-19📍change-registered-office-address-company-with-date-old-addressaddress · AD01
- 2010-02-19⚠️liquidation-in-administration-proposalsinsolvency · 2.17B
- 2010-02-17⚠️liquidation-in-administration-proposalsinsolvency · 2.17B
- 2010-02-16⚠️liquidation-in-administration-proposalsinsolvency · 2.17B
- 2010-01-25⚠️liquidation-in-administration-statement-of-affairs-with-form-attachedinsolvency · 2.16B
- 2010-01-06⚠️liquidation-in-administration-appointment-of-administratorinsolvency · 2.12B
- 2009-12-12📄legacymortgage · MG02
- 2009-12-04🔓Charge satisfied #1
- 2009-07-30📄legacyofficers · 288b
- 2009-06-30➖FRY, Mark resigneddirector
- 2009-06-23📄legacyannual-return · 363a
- 2009-06-23📄legacymortgage · 395
- 2009-06-10📄legacymortgage · 395
- 2009-05-28🔒Charge registered #9Lender: Barclays Bank PLC
- 2009-03-26📄legacyofficers · 288b
- 2009-03-24📄legacyofficers · 288a
- 2009-03-24📄legacyofficers · 288b
- 2009-03-24📄legacyofficers · 288b
- 2009-03-03➖COOK, Tim resigneddirector
- 2009-01-27📄legacycapital · 88(2)
- 2009-01-27📄legacycapital · 123
- 2009-01-27📄resolutionresolution · RESOLUTIONS
- 2009-01-20📄legacyofficers · 288a
- 2008-11-24➕KING, Brent Alexander appointeddirector
- 2008-11-02📄accounts-with-accounts-type-mediumaccounts · AA
- 2008-10-30📄resolutionresolution · RESOLUTIONS
- 2008-09-24➖SOPHER, Jon Andrew Victor resigneddirector
- 2008-06-04➕ANDERSON, Paul appointeddirector
- 2008-03-17➕FRY, Mark appointeddirector
- 2008-03-10➖ANDREW, Peter resigneddirector
- 2007-11-27➕WRIGHT, Peter Malcolm Vanner appointedsecretary
- 2007-11-27➕WRIGHT, Peter Malcolm Vanner appointeddirector
- 2007-11-27➖BRUCE COPP, Neil Dennis resigneddirector
- 2007-11-27➕SOPHER, Jon Andrew Victor appointeddirector
- 2007-11-27🔒Charge registered #8Lender: Barclays Bank PLC
- 2007-09-17➖HORLER, Jonathan Howard resigneddirector
- 2007-08-01➖FAGNANI, Roberto resigneddirector
- 2007-07-11🔒Charge registered #7Lender: John Roderick Thomas Hubert Hughes and Michael John Hughes
- 2007-06-04➖WAKEFIELD, Joely Margaret resignedsecretary
- 2007-06-04➖WAKEFIELD, Joely Margaret resigneddirector
- 2006-10-25➖PERKINS, Raymond Adam resigneddirector
- 2006-10-06🔒Charge registered #6Lender: Neil Bruce Copp and Michael John Hughes (The Debenture Holders)
- 2006-07-31➕ANDREW, Peter appointeddirector
- 2006-02-28➕WAKEFIELD, Joely Margaret appointedsecretary
- 2006-02-28➖HOPKINSON, Neil Antony resigneddirector
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- -5 active directors: Broader management team in place — suggests transferable governance.
- +Long-tenure founder: Senior director has been in place 21 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 79 — succession pressure is live.
Succession & seller-readiness
Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
- primaryFounder aged 70+: Senior director is approximately 79 years old. Natural succession window is now.
- primary20+ year tenure: Director in role 21 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 · 1 lowCompany has been dissolved — it no longer legally exists. Any diligence here is historical only.
Evidence: Dissolved on 2011-03-21
Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2011-03-21: gazette-dissolved-liquidation; 2010-12-21: liquidation-in-administration-move-to-dissolution-with-case-end-date
Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.
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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|---|---|---|---|---|---|---|---|
| 1 DELTA ENGINEERING EC LIMITED→ 02903909 · est 1994 · no financials extracted | — | — | — | — | 32y | — | — |
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| 299 LIGHTING LIMITED→ 06927908 · est 2009 · no financials extracted | — | — | — | — | 16y | — | — |
| A. G. BRACEY LIMITED→ 01033626 · est 1971 · no financials extracted | — | — | — | — | 54y | — | — |
| A.B.C. (ENAMELLING & FABRICATIONS) LIMITED→ 01291149 · est 1976 · no financials extracted | — | — | — | — | 49y | — | — |
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| ACE SYSTEMS LIMITED→ 01657471 · est 1982 · no financials extracted | — | — | — | — | 43y | — | — |
| ACOUSTIC CARPENTRY AND BUILDING LTD→ 14193243 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| ACTICARE NEURO LTD→ 14991800 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| ACTIVE DESIGN SOLUTIONS LIMITED→ 08237407 · est 2012 · no financials extracted | — | — | — | — | 13y | — | — |
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11 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 →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
Registered office
Filing status
Officers (0 active · 16 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Barclays Barclays Bank PLC | Guarantee & debenture | 1 property | 28/05/2009 | — | |
| outstanding | Barclays Barclays Bank PLC | Guarantee & debenture | 1 property | 27/11/2007 | — | |
| outstanding | John Roderick Thomas Hubert Hughes and Michael John Hughes | Debenture | 1 property | 11/07/2007 | — | |
| outstanding | Neil Bruce Copp and Michael John Hughes (The Debenture Holders) | Debenture | 1 property | 06/10/2006 | — | |
| outstanding | Barclays Barclays Bank PLC | Mortgage | 1 property | 20/09/2005 | — | |
| outstanding | Barclays Barclays Bank PLC | Debenture | 1 property | 18/03/2005 | — | |
| outstanding | Barclays Barclays Bank PLC | Guarantee & debenture | 1 property | 29/08/2003 | — | |
| satisfied | Lloyds Banking Group Lloyds Tsb Commercial Finance Limited | Debenture | 1 property | 03/01/2002 | 26/08/2005 | |
| satisfied | HSBC Hsbc Bank PLC | Debenture | 1 property | 29/03/2001 | 04/12/2009 |