CONTRACT NATURAL GAS (MARKETING) LIMITED

⚰️Wound downliquidation
03452945 · ltd · incorporated 1997-10-21
Investment thesis
Company liquidation — not a live target.
Why interesting: Historical record only; useful for precedent research.
Why risky: Not transactable.
🔒Estimated value
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Turnover
year to Oct 2024
Net worth
£268.5k
book net assets
Opportunity
52/100
Worth a look
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What this business does
Primary activity: SIC 46120
Sector: Wholesale & retail
Investor take
Special-situation opportunity
Distressed wholesale with salvageable qualities — special-situations priority.

Opportunity 52/100 (worth a look), bankability 50/100. 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: Resolve: Company in liquidation. Company is actively being wound up. Not a going concern. Most likely exit: distressed disposal / insolvency (65/100). Current lenders should be on monthly review.

Data confidence

Overall: medium (78/100)

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
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
Confirmed no charges registered
85
Directors & officers
7 officers (4 active, 7 linked, 3 with DOB)
79
Ownership & PSC
2 active PSC(s) of 2 total, 2 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
52/100Worth 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
85
Strong succession / seller-readiness signals.
Risk profile
49
Multiple red flags — proceed with caution.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £268,483
Net assets shrinking
Down £52,505 YoY

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
£268k
↓ 16% YoY
Current Assets
£5.1m
~ YoY
Current Liabilities
£0£1.0m£2.1m£3.1m£4.2m£5.2mOct 2023Oct 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-10-312023-10-31
Total assets£4.79M£4.85M
Current assets£5.15M£5.19M
Cash£45.7k
Debtors£5.14M
Net assets£268.5k£321.0k

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

Recent activity

Last 30 days
4
filings
  • 2 insolvency
  • 1 address
  • 1 resolution
Last 90 days
4
filings
  • 2 insolvency
  • 1 address
  • 1 resolution
Last 180 days
8
filings
  • 2 insolvency
  • 2 officers
  • 1 address
Counts from Companies House filing history.
Corporate timeline (29 events)Click to expand
  1. 2026-05-21
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  2. 2026-05-21
    ⚠️
    liquidation-voluntary-statement-of-affairs
    insolvency · LIQ02
  3. 2026-05-21
    ⚠️
    liquidation-voluntary-appointment-of-liquidator
    insolvency · 600
  4. 2026-05-21
    📄
    resolution
    resolution · RESOLUTIONS
  5. 2025-12-18
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  6. 2025-12-18
    📄
    change-person-director-company-with-change-date
    officers · CH01
  7. 2025-12-18
    📄
    change-person-director-company-with-change-date
    officers · CH01
  8. 2025-11-19
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2024-10-28
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  10. 2023-07-28
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  11. 2022-10-28
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  12. 2022-09-30
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  13. 2020-10-30
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  14. 2020-09-28
    📄
    appoint-person-secretary-company-with-name-date
    officers · AP03
  15. 2020-09-25
    WALLS, Michael appointed
    secretary
  16. 2020-09-21
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  17. 2020-09-21
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  18. 2020-07-01
    ENGLAND, Christopher John resigned
    secretary
  19. 2019-11-20
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  20. 2019-07-31
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  21. 2018-07-25
    WALLS, Lisa Ann appointed
    director
  22. 1997-10-21
    🏢
    Company incorporated
    As CONTRACT NATURAL GAS (MARKETING) LIMITED
  23. 1997-10-21
    LEWORTHY, John Roy appointed
    director
  24. 1997-10-21
    WALLS, Michael John appointed
    director
  25. 1997-10-21
    ENGLAND, Christopher John appointed
    secretary
  26. 1997-10-21
    YORK PLACE COMPANY SECRETARIES LIMITED appointed
    corporate-nominee-secretary
  27. 1997-10-21
    YORK PLACE COMPANY SECRETARIES LIMITED resigned
    corporate-nominee-secretary
  28. 1997-10-21
    YORK PLACE COMPANY NOMINEES LIMITED appointed
    corporate-nominee-director
  29. 1997-10-21
    YORK PLACE COMPANY NOMINEES LIMITED resigned
    corporate-nominee-director

Owner dependency

76/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Long-tenure founder: Senior director has been in place 29 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 63 — approaching natural succession window.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

80/100
Likely off-market candidate

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

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 63. Approaching typical UK retirement age — succession thinking likely.
  • 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 ·
Company in liquidation
high

Company is actively being wound up. Not a going concern.

2 insolvency-related filings on record
high

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

Evidence: 2026-05-21: liquidation-voluntary-statement-of-affairs; 2026-05-21: liquidation-voluntary-appointment-of-liquidator

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr John Roy Leworthy
Individual · British · DOB 09/1963 · age 63
2550%
25–50%25-50% shares · 25-50% voting · firm interest06/04/2016
Mr Michael John Walls
Individual · British · DOB 10/1963 · age 63
2550%
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

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

Statusliquidation
Typeltd
Incorporated1997-10-21
Jurisdictionengland-wales
Primary SIC46120 — SIC 46120

Registered office

C/O Frp Advisory 1st Floor 34 Falcon Court
Preston Farm Business Park
Stockton-On-Tees
TS18 3TX

Filing status

Accounts
Next due: 2026-07-30
Last made up to: 2024-10-31
Confirmation statement
Next due: 2027-01-01
Last: 2025-12-18

Officers (4 active · 3 resigned)

WALLS, Michael
secretary · appointed 2020-09-25
View their other companies + combined net worth →
Active
LEWORTHY, John Roy
director · ~63y · appointed 1997-10-21
View their other companies + combined net worth →
Active
WALLS, Lisa Ann
director · ~60y · appointed 2018-07-25
View their other companies + combined net worth →
Active
WALLS, Michael John
director · ~63y · appointed 1997-10-21
View their other companies + combined net worth →
Active
ENGLAND, Christopher John
secretary · appointed 1997-10-21 · resigned 2020-07-01
Resigned
YORK PLACE COMPANY SECRETARIES LIMITED
corporate-nominee-secretary · appointed 1997-10-21 · resigned 1997-10-21
Resigned
YORK PLACE COMPANY NOMINEES LIMITED
corporate-nominee-director · appointed 1997-10-21 · resigned 1997-10-21
Resigned

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

Recent filings (88 total)

change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-05-21
liquidation-voluntary-statement-of-affairs
insolvency · LIQ02
2026-05-21
liquidation-voluntary-appointment-of-liquidator
insolvency · 600
2026-05-21
resolution
resolution · RESOLUTIONS
2026-05-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-12-18
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-12-18
change-person-director-company-with-change-date
officers · CH01
2025-12-18
change-person-director-company-with-change-date
officers · CH01
2025-12-18
accounts-with-accounts-type-micro-entity
accounts · AA
2025-11-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-20
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-10-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-12-20
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-07-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-01-04
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-10-28