SYNTHETIC LUBRICATION SYSTEMS LIMITED

⚰️Wound downdissolved
03385343 · ltd · incorporated 1997-06-11
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 27.2y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2021
Net worth
—
book net assets
Opportunity
64/100
Worth a look
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What this business does
Primary activity: Non-specialised wholesale trade
Sector: Wholesale & retail
ALSO REGISTERED FOR
  • 74990Non-trading company
Investor take
Pass (distressed without resilience)
Distressed unclear — structural issues outweigh the discount.

Opportunity 64/100 (worth a look), bankability 70/100. Strong seller-intent signal (65/100, director aged 58). 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 (73/100).

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 27.2y

50/100
clean up first

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

  • · Oldest live charge is 27.2 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: high (81/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile
address, 2 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
6 officers (2 active, 6 linked, 2 with DOB)
77
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
70 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
64/100Worth 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
67
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0Dec 2020Dec 2021

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2021-12-312020-12-31
Average employees00

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

2 signals detected in this company's narrative notes — going-concern language, audit opinion, contingent liabilities, related-party transactions.

Available from the Pro tier upwards.

See pricing →

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 (33 events)Click to expand
  1. 2022-10-25
    📄
    gazette-dissolved-voluntary
    gazette · GAZ2(A)
  2. 2022-10-25
    🏁
    Company dissolved
  3. 2022-08-09
    📄
    gazette-notice-voluntary
    gazette · GAZ1(A)
  4. 2022-08-01
    📄
    dissolution-application-strike-off-company
    dissolution · DS01
  5. 2022-05-30
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  6. 2021-07-02
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  7. 2020-10-22
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  8. 2019-09-11
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  9. 2018-09-21
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  10. 2018-02-12
    📄
    change-account-reference-date-company-previous-extended
    accounts · AA01
  11. 2017-06-29
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  12. 2017-02-14
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  13. 2016-06-28
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  14. 2016-06-17
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  15. 2015-06-22
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  16. 2015-06-15
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  17. 2014-06-17
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  18. 2014-06-17
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  19. 2013-06-27
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  20. 2013-06-14
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  21. 2009-01-01
    ➖
    PARKES, Carol resigned
    director
  22. 1999-08-04
    🔒
    Charge registered #2
    Lender: Griffin Credit Services Limited
  23. 1999-04-17
    🔒
    Charge registered #1
    Lender: Midland Bank PLC
  24. 1997-08-04
    ➕
    PARKES, Peter Gerard appointed
    secretary
  25. 1997-08-04
    ➕
    PARKES, Peter Gerard appointed
    director
  26. 1997-08-04
    ➖
    DLA SECRETARIAL SERVICES LIMITED resigned
    corporate-nominee-secretary
  27. 1997-08-04
    ➕
    PARKES, Carol appointed
    director
  28. 1997-08-04
    ➖
    DLA NOMINEES LIMITED resigned
    corporate-nominee-director
  29. 1997-08-04
    ➖
    DLA SECRETARIAL SERVICES LIMITED resigned
    corporate-nominee-director
  30. 1997-06-11
    🏢
    Company incorporated
    As SYNTHETIC LUBRICATION SYSTEMS LIMITED
  31. 1997-06-11
    ➕
    DLA SECRETARIAL SERVICES LIMITED appointed
    corporate-nominee-secretary
  32. 1997-06-11
    ➕
    DLA NOMINEES LIMITED appointed
    corporate-nominee-director
  33. 1997-06-11
    ➕
    DLA SECRETARIAL SERVICES LIMITED appointed
    corporate-nominee-director

Owner dependency

93/100
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
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +Long-tenure founder: Senior director has been in place 29 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 58 — approaching natural succession window.

Succession & seller-readiness

85/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 58. Early succession window.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • 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

1 high ·
Company dissolved
high

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

Evidence: Dissolved on 2022-10-25

Group structure

Kespar Engineering is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Kespar Engineering
Corporate parent · holds 75-100% shares
ultimate parent
⬇
SYNTHETIC LUBRICATION SYSTEMS LIMITED
This company · 03385343

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%
NameSharesVoting rightsNature of controlNotified
Kespar Engineering
Corporate entity
75–100%
—75-100% shares06/04/2016

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

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
Incorporated1997-06-11
Jurisdictionengland-wales
Primary SIC46900 — Non-specialised wholesale trade

Registered office

Johnson House
Bilston Industrial Estate
Oxford Street Bilston
West Midlands
WV14 7EG

Filing status

Accounts
Next due: —
Last made up to: 2021-12-31
Confirmation statement
Next due: —
Last: —

Officers (0 active · 4 resigned)

PARKES, Peter Gerard→
secretary · appointed 1997-08-04
View their other companies + combined net worth →
Active
PARKES, Peter Gerard→
director · ~58y · appointed 1997-08-04
View their other companies + combined net worth →
Active
DLA SECRETARIAL SERVICES LIMITED→
corporate-nominee-secretary · appointed 1997-06-11 · resigned 1997-08-04
Resigned
PARKES, Carol→
director · ~60y · appointed 1997-08-04 · resigned 2009-01-01
Resigned
DLA NOMINEES LIMITED→
corporate-nominee-director · appointed 1997-06-11 · resigned 1997-08-04
Resigned
DLA SECRETARIAL SERVICES LIMITED→
corporate-nominee-director · appointed 1997-06-11 · resigned 1997-08-04
Resigned

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
TypeProperties
outstanding
Griffin Credit Services
Griffin Credit Services Limited
Fixed charge on purchased debts which fail to vest1 property04/08/1999—
outstanding
Midland Bank
Midland Bank PLC
Debenture1 property17/04/1999—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (70 total)

gazette-dissolved-voluntary
gazette · GAZ2(A)
2022-10-25
gazette-notice-voluntary
gazette · GAZ1(A)
2022-08-09
dissolution-application-strike-off-company
dissolution · DS01
2022-08-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-06-21
accounts-with-accounts-type-dormant
accounts · AA
2022-05-30
accounts-with-accounts-type-dormant
accounts · AA
2021-07-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-06-17
accounts-with-accounts-type-dormant
accounts · AA
2020-10-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-06-16
accounts-with-accounts-type-dormant
accounts · AA
2019-09-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-06-14
accounts-with-accounts-type-dormant
accounts · AA
2018-09-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2018-06-18
change-account-reference-date-company-previous-extended
accounts · AA01
2018-02-12
confirmation-statement-with-updates
confirmation-statement · CS01
2017-06-29