TRW LUCASVARITY ELECTRIC STEERING LIMITED
⚰️Wound downdissolved
03496156 · ltd · incorporated 1998-01-21
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: SIC 99999
Sector: Extraterritorial bodies
Investor take
Pass (distressed without resilience)Distressed unclear — structural issues outweigh the discount.
Opportunity 62/100 (worth a look), bankability 72/100. Strong seller-intent signal (75/100, director aged 59). Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (73/100).
🏦
Refinance opportunity
4 live charges · 4 lenders · oldest 23.2y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 23.2 years old — likely at or near maturity.
- · 4 lenders named — inter-creditor friction likely.
- · Legal-friction score 30/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (59/100)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
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
22 officers (1 active, 22 linked, 13 with DOB)
82
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
142 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 (73 events)Click to expand
- 2020-12-01📄gazette-dissolved-voluntarygazette · GAZ2(A)
- 2020-12-01🏁Company dissolved
- 2020-09-15📄gazette-notice-voluntarygazette · GAZ1(A)
- 2020-09-07📄dissolution-application-strike-off-companydissolution · DS01
- 2020-03-03📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2020-02-10📄mortgage-satisfy-charge-fullmortgage · MR04
- 2020-02-10📄mortgage-satisfy-charge-fullmortgage · MR04
- 2020-02-10📄mortgage-satisfy-charge-fullmortgage · MR04
- 2020-02-10📄mortgage-satisfy-charge-fullmortgage · MR04
- 2020-02-10🔓Charge satisfied #4
- 2020-02-10🔓Charge satisfied #3
- 2020-02-10🔓Charge satisfied #2
- 2020-02-10🔓Charge satisfied #1
- 2019-10-28📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2019-10-02➖PEGG, Jane resignedsecretary
- 2019-09-20📄accounts-with-accounts-type-dormantaccounts · AA
- 2018-07-18📄accounts-with-accounts-type-dormantaccounts · AA
- 2017-09-06📄accounts-with-accounts-type-dormantaccounts · AA
- 2016-10-05📄accounts-with-accounts-type-dormantaccounts · AA
- 2016-09-29📄change-person-director-company-with-change-dateofficers · CH01
- 2016-04-27📄termination-director-company-with-name-termination-dateofficers · TM01
- 2016-04-14➖SEEWALD, Aloysius Josef, Dr-Ing resigneddirector
- 2015-12-21📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2015-07-23📄accounts-with-accounts-type-dormantaccounts · AA
- 2014-12-17📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2014-08-16📄accounts-with-accounts-type-dormantaccounts · AA
- 2014-03-03📄termination-director-company-with-nameofficers · TM01
- 2014-02-28➖LUNN, Steve resigneddirector
- 2013-02-27🔒Charge registered #4Lender: Jpmorgan Chase Bank, N.A. as the Collateral Agent
- 2010-01-12➕BATTERBEE, Stephen Mark appointeddirector
- 2009-12-31➖PLUMLEY, Graham Thomas resigneddirector
- 2008-10-31➖HALL, Melanie Jane resignedsecretary
- 2008-10-31➕PEGG, Jane appointedsecretary
- 2007-08-07🔒Charge registered #3Lender: J P Morgan Chase Bank Na (The Collateral Agent)
- 2007-05-25➖CHEW, David resigneddirector
- 2007-05-04➕PLUMLEY, Graham Thomas appointeddirector
- 2005-04-29➕CHEW, David appointeddirector
- 2005-04-29➖UNDERWOOD, David Francis resigneddirector
- 2005-01-04🔒Charge registered #2Lender: Jp Morgan Chase Bank, N.A. (As the Collateral Agent)
- 2004-11-10➕HALL, Melanie Jane appointedsecretary
- 2004-11-10➖LAMBOURNE, Alan Robert resignedsecretary
- 2004-05-13➖GREGG, Rhona resignedsecretary
- 2004-05-13➕LAMBOURNE, Alan Robert appointedsecretary
- 2003-02-28🔒Charge registered #1Lender: Jp Morgan Chase Bank
- 2003-01-17➖BIALOSKY, David resigneddirector
- 2003-01-17➖NIEMIEC, Michael Edward resigneddirector
- 2001-12-24➖CONNOR, Brendan Peter resigneddirector
- 2001-12-24➖MCDONALD, Robert Bruce resigneddirector
- 2001-12-24➕NIEMIEC, Michael Edward appointeddirector
- 2001-12-24➕UNDERWOOD, David Francis appointeddirector
Showing most recent 50 of 73 events
Owner dependency
93/100
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 16 years — deep operational knowledge concentrated in one person.
- +Senior director age: Director aged approximately 59 — approaching natural succession window.
Succession & seller-readiness
78/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- secondaryFounder aged 58+: Senior director is approximately 59. Early succession window.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- secondary12+ year tenure: Director in role 16 years.
- secondaryStable-but-static management: Company is 28 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 2020-12-01
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
Trw Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Trw Limited
Corporate parent · holds 75-100% shares · board control
⬇
TRW LUCASVARITY ELECTRIC STEERING LIMITED
This company · 03496156
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 |
|---|---|---|---|---|
Trw Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 06/04/2016 |
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 →Similar companies
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|---|---|---|---|---|---|---|---|
| 02348232 LIMITED→ 02348232 · est 1989 · no financials extracted | — | — | — | — | 37y | — | — |
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| 196 WELHOLME ROAD MANAGEMENT COMPANY LIMITED→ 06402664 · est 2007 · no financials extracted | — | — | — | — | 18y | — | — |
| 1YSD REG TRANSFERS LTD LTD→ 14141942 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| 214 HAGLEY ROAD MANAGEMENT COMPANY LIMITED→ 05434266 · est 2005 · no financials extracted | — | — | — | — | 20y | — | — |
| 24 HOURS CARE SUPPORT LTD→ 14063028 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| 247365 ACCOUNTANTS LTD→ 12756536 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| 2STELLAR CLINICAL CONSULTANTS LTD→ 14777784 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| 2THEROOT LIMITED→ 12782802 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| 313 WHOLESALE LIMITED→ 15103388 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| 360 SITE SURVEY LTD→ 08852850 · est 2014 · no financials extracted | — | — | — | — | 12y | — | — |
| 38 COLESHILL STREET (SUTTON COLDFIELD) LIMITED→ 08175080 · est 2012 · no financials extracted | — | — | — | — | 13y | — | — |
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
Incorporated1998-01-21
Jurisdictionengland-wales
Primary SIC99999 — SIC 99999
Registered office
Stratford Road
Solihull
West Midlands
B90 4GW
United Kingdom
Filing status
Accounts
Next due: —
Last made up to: 2018-12-31
Confirmation statement
Next due: —
Last: —
Officers (0 active · 21 resigned)
BATTERBEE, Stephen Mark→
Activedirector · ~59y · appointed 2010-01-12
View their other companies + combined net worth →
DE FEO, Caterina→
Resignedsecretary · appointed 2000-05-31 · resigned 2000-12-15
FULTON, Robert Andrew→
Resignedsecretary · appointed 2000-12-15 · resigned 2001-01-30
GREGG, Rhona→
Resignedsecretary · appointed 2001-01-30 · resigned 2004-05-13
HALL, Melanie Jane→
Resignedsecretary · appointed 2004-11-10 · resigned 2008-10-31
LAMBOURNE, Alan Robert→
Resignedsecretary · appointed 2004-05-13 · resigned 2004-11-10
PEGG, Jane→
Resignedsecretary · appointed 2008-10-31 · resigned 2019-10-02
SNEED, Richard→
Resignedsecretary · appointed 1998-02-23 · resigned 2000-05-31
PINSENT MASONS SECRETARIAL LIMITED→
Resignedcorporate-nominee-secretary · appointed 1998-01-21 · resigned 1998-02-23
BIALOSKY, David→
Resigneddirector · ~68y · appointed 2000-01-01 · resigned 2003-01-17
CHEW, David→
Resigneddirector · ~72y · appointed 2005-04-29 · resigned 2007-05-25
CLARKE, Frederick→
Resigneddirector · ~79y · appointed 1998-03-22 · resigned 2000-01-01
CONNOR, Brendan Peter→
Resigneddirector · ~74y · appointed 1998-02-23 · resigned 2001-12-24
HANDYSIDES, James→
Resigneddirector · ~75y · appointed 1998-03-27 · resigned 2000-01-01
LUNN, Steve→
Resigneddirector · ~78y · appointed 2000-01-01 · resigned 2014-02-28
MCDONALD, Robert Bruce→
Resigneddirector · ~66y · appointed 1998-03-22 · resigned 2001-12-24
NIEMIEC, Michael Edward→
Resigneddirector · ~68y · appointed 2001-12-24 · resigned 2003-01-17
PLANT, John Charles→
Resigneddirector · ~73y · appointed 1998-03-27 · resigned 2000-01-01
PLUMLEY, Graham Thomas→
Resigneddirector · ~78y · appointed 2007-05-04 · resigned 2009-12-31
SEEWALD, Aloysius Josef, Dr-Ing→
Resigneddirector · ~75y · appointed 1998-03-27 · resigned 2016-04-14
Click a director name to see their full track record across all companies.
Mortgages & charges
4
Total charges
0
Outstanding
0
Active lenders
Status:Lender:4 of 4 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Jpmorgan Chase Bank, N.A. as the Collateral Agent | Security agreement | 1 property | 27/02/2013 | 10/02/2020 | |
| satisfied | J P Morgan Chase Bank Na (The Collateral Agent) | Security agreement | 1 property | 07/08/2007 | 10/02/2020 | |
| satisfied | Jp Morgan Chase Bank, N.A. (As the Collateral Agent) | Security agreement | 1 property | 04/01/2005 | 10/02/2020 | |
| satisfied | Jp Morgan Chase Bank | Security agreement | 1 property | 28/02/2003 | 10/02/2020 |
Recent filings (142 total)
gazette-dissolved-voluntary
gazette · GAZ2(A)
2020-12-01
gazette-notice-voluntary
gazette · GAZ1(A)
2020-09-15
dissolution-application-strike-off-company
dissolution · DS01
2020-09-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-03-27
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2020-03-03
mortgage-satisfy-charge-full
mortgage · MR04
2020-02-10
mortgage-satisfy-charge-full
mortgage · MR04
2020-02-10
mortgage-satisfy-charge-full
mortgage · MR04
2020-02-10
mortgage-satisfy-charge-full
mortgage · MR04
2020-02-10
termination-secretary-company-with-name-termination-date
officers · TM02
2019-10-28
accounts-with-accounts-type-dormant
accounts · AA
2019-09-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-03-26
accounts-with-accounts-type-dormant
accounts · AA
2018-07-18
confirmation-statement-with-updates
confirmation-statement · CS01
2018-03-12
accounts-with-accounts-type-dormant
accounts · AA
2017-09-06