FMCIRRUS1 LIMITED
⚰️Wound downdissolved
03524870 · ltd · incorporated 1998-03-10
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
59/100
Worth a look
What this business does
Primary activity: SIC 10519
Sector: Manufacturing
Investor take
Pass (distressed without resilience)Distressed unclear — structural issues outweigh the discount.
Opportunity 59/100 (worth a look), bankability 72/100. Strong seller-intent signal (60/100, director aged 59). Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (73/100).
🏦
Refinance opportunity
3 live charges · 3 lenders · oldest 26.3y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 26.3 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Legal-friction score 30/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (60/100)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
19 officers (2 active, 19 linked, 14 with DOB)
85
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
119 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
59/100Worth 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
70
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 (66 events)Click to expand
- 2020-02-04📄gazette-dissolved-voluntarygazette · GAZ2(A)
- 2020-02-04🏁Company dissolved
- 2019-11-19📄gazette-notice-voluntarygazette · GAZ1(A)
- 2019-11-06📄dissolution-application-strike-off-companydissolution · DS01
- 2019-01-15📄accounts-with-accounts-type-dormantaccounts · AA
- 2017-11-27📄accounts-with-accounts-type-dormantaccounts · AA
- 2017-10-05📄termination-director-company-with-name-termination-dateofficers · TM01
- 2017-09-30➖SHEARER, Owen Matthew resigneddirector
- 2017-04-06📄appoint-person-director-company-with-name-dateofficers · AP01
- 2017-04-06📄termination-director-company-with-name-termination-dateofficers · TM01
- 2017-04-01➕HANCOCK, Shelagh Mccone appointeddirector
- 2017-04-01➖GALLACHER, Mike resigneddirector
- 2017-02-24➖MACKIE, Brian Robert resigneddirector
- 2017-02-24➕SHEARER, Owen Matthew appointeddirector
- 2017-02-24📄appoint-person-director-company-with-name-dateofficers · AP01
- 2017-02-24📄termination-director-company-with-name-termination-dateofficers · TM01
- 2017-02-07📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-02-02📄mortgage-satisfy-charge-fullmortgage · MR04
- 2017-02-02🔓Charge satisfied #3
- 2016-12-05✏️certificate-change-of-name-companychange-of-name · CERTNM
- 2016-10-25📄mortgage-charge-part-both-with-charge-numbermortgage · MR05
- 2016-10-24📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2016-03-31📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2016-01-09📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2015-11-11📄appoint-person-director-company-with-name-dateofficers · AP01
- 2015-11-11📄termination-director-company-with-name-termination-dateofficers · TM01
- 2015-09-30➕MACKIE, Brian Robert appointeddirector
- 2015-09-30➖SWEENEY, Gerry resigneddirector
- 2015-07-02📄termination-director-company-with-name-termination-dateofficers · TM01
- 2015-07-01➖WILSON, Susan Linda resigneddirector
- 2015-04-08📄appoint-person-director-company-with-name-dateofficers · AP01
- 2015-04-08📄termination-director-company-with-name-termination-dateofficers · TM01
- 2015-04-01➖ALLUM, Kate resigneddirector
- 2015-04-01➕GALLACHER, Mike appointeddirector
- 2014-10-29➖KAYES, Kerry Thomas resigneddirector
- 2013-09-16➕SWEENEY, Gerry appointeddirector
- 2012-07-18🔓Charge satisfied #2
- 2012-07-18🔓Charge satisfied #1
- 2012-04-30➕WAUGH, Angus John Somerville appointedsecretary
- 2012-04-30➖KAYES, Janet Lesley resignedsecretary
- 2012-04-30➕ALLUM, Kate appointeddirector
- 2012-04-30➖CARR, Matthew Charles resigneddirector
- 2012-04-30➖KAYES, Debra resigneddirector
- 2012-04-30➖MOLONEY, Robert Anthony resigneddirector
- 2012-04-30➖VANDRILL, Paul resigneddirector
- 2012-04-30➕WILSON, Susan Linda appointeddirector
- 2012-04-30🔒Charge registered #3Lender: Lloyds Tsb Commercial Finance Limited as Security Agent (Security Agent)
- 2010-02-16🔒Charge registered #2Lender: Lombard North Central PLC
- 2008-04-01➕CARR, Matthew Charles appointeddirector
- 2008-04-01➕KAYES, Debra appointeddirector
Showing most recent 50 of 66 events
Owner dependency
83/100
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.
- +Senior director age: Director aged approximately 59 — approaching natural succession window.
Succession & seller-readiness
65/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
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.
- secondaryStable-but-static management: Company is 28 years old and no new directors in the last 3 years — succession not yet being planned internally.
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 2020-02-04
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
First Milk Limited holds 25-50% — a significant corporate investor but not a controlling parent.
🏛️
First Milk Limited
Corporate parent
⬇
FMCIRRUS1 LIMITED
This company · 03524870
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
1 active beneficial owner| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
First Milk Limited Corporate entity | — | — | sig. influencesignificant influence · firm interest | 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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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
Incorporated1998-03-10
Jurisdictionengland-wales
Primary SIC10519 — SIC 10519
Registered office
Lake District Creamery Station Road
Aspatria
Wigton
CA7 2AR
United Kingdom
Filing status
Accounts
Next due: —
Last made up to: 2018-03-31
Confirmation statement
Next due: —
Last: —
Officers (0 active · 17 resigned)
WAUGH, Angus John Somerville→
Activesecretary · appointed 2012-04-30
View their other companies + combined net worth →
HANCOCK, Shelagh Mccone→
Activedirector · ~59y · appointed 2017-04-01
View their other companies + combined net worth →
BORRESEN, Carole Lesley→
Resignedsecretary · appointed 1998-04-03 · resigned 1998-08-06
KAYES, Janet Lesley→
Resignedsecretary · appointed 1999-02-01 · resigned 2012-04-30
SAME-DAY COMPANY SERVICES LIMITED→
Resignedcorporate-nominee-secretary · appointed 1998-03-10 · resigned 1998-04-03
ALLUM, Kate→
Resigneddirector · ~61y · appointed 2012-04-30 · resigned 2015-04-01
BORRESEN, Carole Lesley→
Resigneddirector · ~66y · appointed 1998-04-03 · resigned 1998-08-06
CARR, Matthew Charles→
Resigneddirector · ~60y · appointed 2008-04-01 · resigned 2012-04-30
GALLACHER, Mike→
Resigneddirector · ~60y · appointed 2015-04-01 · resigned 2017-04-01
KAYES, Debra→
Resigneddirector · ~45y · appointed 2008-04-01 · resigned 2012-04-30
KAYES, Kerry Thomas→
Resigneddirector · ~76y · appointed 1998-04-03 · resigned 2014-10-29
MACKIE, Brian Robert→
Resigneddirector · ~67y · appointed 2015-09-30 · resigned 2017-02-24
MOLONEY, Robert Anthony→
Resigneddirector · ~62y · appointed 2008-04-01 · resigned 2012-04-30
SHEARER, Owen Matthew→
Resigneddirector · ~56y · appointed 2017-02-24 · resigned 2017-09-30
SWEENEY, Gerry→
Resigneddirector · ~59y · appointed 2013-09-16 · resigned 2015-09-30
VANDRILL, Paul→
Resigneddirector · ~61y · appointed 2008-04-01 · resigned 2012-04-30
WILSON, Susan Linda→
Resigneddirector · ~61y · appointed 2012-04-30 · resigned 2015-07-01
YATES, Dorian Andrew→
Resigneddirector · ~64y · appointed 1999-05-12 · resigned 2006-06-01
WILDMAN & BATTELL LIMITED→
Resignedcorporate-nominee-director · appointed 1998-03-10 · resigned 1998-04-03
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
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Lloyds Banking Group Lloyds Tsb Commercial Finance Limited as Security Agent (Security Agent) | Accession deed | 1 property | 30/04/2012 | 02/02/2017 | |
| satisfied | Lombard North Central Lombard North Central PLC | Debenture | 1 property | 16/02/2010 | 18/07/2012 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Mortgage debenture | 1 property | 02/02/2000 | 18/07/2012 |
Recent filings (119 total)
gazette-dissolved-voluntary
gazette · GAZ2(A)
2020-02-04
gazette-notice-voluntary
gazette · GAZ1(A)
2019-11-19
dissolution-application-strike-off-company
dissolution · DS01
2019-11-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-03-14
accounts-with-accounts-type-dormant
accounts · AA
2019-01-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2018-03-13
accounts-with-accounts-type-dormant
accounts · AA
2017-11-27
termination-director-company-with-name-termination-date
officers · TM01
2017-10-05
appoint-person-director-company-with-name-date
officers · AP01
2017-04-06
termination-director-company-with-name-termination-date
officers · TM01
2017-04-06
confirmation-statement-with-updates
confirmation-statement · CS01
2017-03-16
appoint-person-director-company-with-name-date
officers · AP01
2017-02-24
termination-director-company-with-name-termination-date
officers · TM01
2017-02-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2017-02-07
mortgage-satisfy-charge-full
mortgage · MR04
2017-02-02