TRIANGLE (FUNDING ONE) LIMITED

⚰️Wound downliquidation
03666735 · ltd · incorporated 1998-11-12
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
—
not disclosed
Net worth
—
book net assets
Opportunity
38/100
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What this business does
Primary activity: SIC 77351
Sector: Administrative & support services
Investor take
Pass (distressed without resilience)
Distressed low-transparency controlled group — structural issues outweigh the discount.

Opportunity 38/100 (watch), bankability 22/100. Strong seller-intent signal (65/100, director aged 68). Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: asset disposal / carve-out (75/100). Current lenders should be on immediate intervention.

🏦

Refinance opportunity

3 live charges · 3 lenders · oldest 25.0y

25/100
too messy

Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.

  • · Oldest live charge is 25.0 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Legal-friction score 50/100 (high).

Data confidence

Overall: medium (58/100)

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
29 officers (3 active, 29 linked, 20 with DOB)
84
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
4 connected companies via shared directors
57
Filing history
142 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
38/100Watch
PassWatchWorth a lookStrongExceptional 

Not actionable now, but monitor — distressed, succession, or structural changes could flip this into a real opportunity.

Business quality
0
Concerning — overdue filings or status flags present.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
13
Multiple red flags — proceed with caution.
Signal strength
100
Good data coverage for analysis.

Recent activity

Last 30 days
0
filings
Last 90 days
1
filing
  • • 1 address
Last 180 days
1
filing
  • • 1 address
Counts from Companies House filing history.
Corporate timeline (85 events)Click to expand
  1. 2026-04-21
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  2. 2025-11-12
    ⚠️
    liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date
    insolvency · LIQ03
  3. 2025-03-12
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  4. 2025-02-04
    ⚠️
    liquidation-voluntary-resignation-liquidator
    insolvency · LIQ06
  5. 2025-01-30
    ➖
    BRENNAN, Martin resigned
    director
  6. 2024-12-10
    ⚠️
    liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date
    insolvency · LIQ03
  7. 2023-11-02
    ⚠️
    liquidation-voluntary-declaration-of-solvency
    insolvency · LIQ01
  8. 2023-10-24
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  9. 2023-10-24
    ⚠️
    liquidation-voluntary-appointment-of-liquidator
    insolvency · 600
  10. 2023-10-24
    📄
    resolution
    resolution · RESOLUTIONS
  11. 2022-12-20
    📄
    capital-statement-capital-company-with-date-currency-figure
    capital · SH19
  12. 2022-12-20
    ⚠️
    legacy
    insolvency · CAP-SS
  13. 2022-12-20
    📄
    legacy
    capital · SH20
  14. 2022-12-20
    📄
    resolution
    resolution · RESOLUTIONS
  15. 2022-12-15
    📄
    accounts-with-accounts-type-full
    accounts · AA
  16. 2022-07-11
    📄
    appoint-corporate-secretary-company-with-name-date
    officers · AP04
  17. 2022-07-11
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  18. 2022-07-11
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  19. 2022-06-16
    ➕
    MAPLES FIDUCIARY SERVICES (UK) LIMITED appointed
    corporate-secretary
  20. 2022-06-16
    ➖
    DICHLIAN, Sarah Louise Mary resigned
    secretary
  21. 2022-05-16
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  22. 2022-05-16
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  23. 2022-05-16
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  24. 2022-05-16
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  25. 2022-05-16
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  26. 2022-05-16
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  27. 2022-05-03
    ➕
    BARNES, Jeremy Francis appointed
    director
  28. 2022-05-03
    ➕
    DICHLIAN, Sarah Louise Mary appointed
    director
  29. 2022-05-03
    ➖
    ATKESON, Jonathan Granger resigned
    director
  30. 2022-05-03
    ➕
    BRENNAN, Martin appointed
    director
  31. 2022-05-03
    ➖
    FEGAN, Nicholas Paul resigned
    director
  32. 2022-05-03
    ➖
    FURSTEIN, Marc Keith resigned
    director
  33. 2018-05-02
    ➕
    ATKESON, Jonathan Granger appointed
    director
  34. 2018-05-02
    ➖
    DAKOLIAS, Constantine Michael resigned
    director
  35. 2017-01-12
    🔓
    Charge satisfied #2
  36. 2016-01-20
    🔓
    Charge satisfied #3
  37. 2015-09-24
    🔒
    Charge registered #3
    Lender: Investec Bank PLC as Security Trustee for the Other Secured Parties
  38. 2014-03-14
    ➕
    FEGAN, Nicholas Paul appointed
    director
  39. 2014-03-14
    ➖
    THOMAS, Douglas Boyd resigned
    director
  40. 2012-03-13
    🔒
    Charge registered #2
    Lender: Investec Bank PLC
  41. 2011-07-15
    ➕
    DICHLIAN, Sarah Louise Mary appointed
    secretary
  42. 2011-07-15
    ➖
    PARKES, David Stanley resigned
    secretary
  43. 2011-07-15
    ➖
    BERRY, Neil Jonathan resigned
    director
  44. 2011-07-15
    ➕
    DAKOLIAS, Constantine Michael appointed
    director
  45. 2011-07-15
    ➕
    DAKOLIAS, Constantine Michael appointed
    director
  46. 2011-07-15
    ➖
    DAKOLIAS, Constantine Michael resigned
    director
  47. 2011-07-15
    ➕
    FURSTEIN, Marc Keith appointed
    director
  48. 2011-07-15
    ➖
    FURSTEIN, Marc Keith resigned
    director
  49. 2011-07-15
    ➕
    FURSTEIN, Marc Keith appointed
    director
  50. 2011-07-15
    ➖
    PARKES, David Stanley resigned
    director
Showing most recent 50 of 85 events

Owner dependency

73/100
High — earn-out structure required

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

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Founder age: Director aged approximately 68 — succession pressure is live.

Succession & seller-readiness

66/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 68. Approaching typical UK retirement age — succession thinking likely.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • 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

4 high ·
Accounts overdue
high

Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.

Evidence: Next due: 2023-12-31

Confirmation statement overdue
high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2024-09-16

Company in liquidation
high

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

6 insolvency-related filings on record
high

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

Evidence: 2025-11-12: liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date; 2025-02-04: liquidation-voluntary-resignation-liquidator

Group structure

Triangle Aviation (Uk) Holdings Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Triangle Aviation (Uk) Holdings Limited
Corporate parent · holds 75-100% shares
ultimate parent
⬇
TRIANGLE (FUNDING ONE) LIMITED
This company · 03666735

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
Triangle Aviation (Uk) Holdings Limited
Corporate entity
75–100%
—75-100% shares23/05/2016
1 historic (ceased) PSC
  • Fortress Investment Group Llcceased 17/09/2018· significant influence

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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🔒Tailored diligence questions

12 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
Incorporated1998-11-12
Jurisdictionengland-wales
Primary SIC77351 — SIC 77351

Registered office

Mercer & Hole
3 Lombard Street
London
EC3V 9AA

Filing status

Accounts
Next due: 2023-12-31OVERDUE
Last made up to: 2021-12-31
Confirmation statement
Next due: 2024-09-16OVERDUE
Last: 2023-09-02

Officers (3 active · 26 resigned)

MAPLES FIDUCIARY SERVICES (UK) LIMITED→
corporate-secretary · appointed 2022-06-16
View their other companies + combined net worth →
Active
BARNES, Jeremy Francis→
director · ~68y · appointed 2022-05-03
View their other companies + combined net worth →
Active
DICHLIAN, Sarah Louise Mary→
director · ~62y · appointed 2022-05-03
View their other companies + combined net worth →
Active
DICHLIAN, Sarah Louise Mary→
secretary · appointed 2011-07-15 · resigned 2022-06-16
Resigned
HIBLIN, Louise→
secretary · appointed 1999-03-01 · resigned 2000-01-07
Resigned
HIBLIN, Louise→
secretary · appointed 1998-12-03 · resigned 1999-01-06
Resigned
PARKES, David Stanley→
secretary · appointed 2000-08-11 · resigned 2011-07-15
Resigned
PEACHEY, Eric Albert→
secretary · appointed 2000-01-07 · resigned 2000-08-11
Resigned
YOUNG, Suzanne→
secretary · appointed 1999-01-06 · resigned 1999-03-01
Resigned
SWIFT INCORPORATIONS LIMITED→
corporate-nominee-secretary · appointed 1998-11-12 · resigned 1998-12-02
Resigned
ATKESON, Jonathan Granger→
director · ~53y · appointed 2018-05-02 · resigned 2022-05-03
Resigned
BERRY, Neil Jonathan→
director · ~61y · appointed 2006-09-08 · resigned 2011-07-15
Resigned
BLACK, Terence Robert William→
director · ~67y · appointed 2000-11-06 · resigned 2004-03-12
Resigned
BRENNAN, Martin→
director · ~65y · appointed 2022-05-03 · resigned 2025-01-30
Resigned
DAKOLIAS, Constantine Michael→
director · ~60y · appointed 2011-07-15 · resigned 2018-05-02
Resigned
DAKOLIAS, Constantine Michael→
director · ~60y · appointed 2011-07-15 · resigned 2011-07-15
Resigned
FEGAN, Nicholas Paul→
director · ~52y · appointed 2014-03-14 · resigned 2022-05-03
Resigned
FURSTEIN, Marc Keith→
director · ~58y · appointed 2011-07-15 · resigned 2011-07-15
Resigned
FURSTEIN, Marc Keith→
director · ~58y · appointed 2011-07-15 · resigned 2022-05-03
Resigned
HOPE, Whittacre→
director · ~67y · appointed 2001-06-13 · resigned 2006-05-03
Resigned

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
TypeProperties
satisfied
Investec Bank as Security Trustee for the Other Secured Parties
Investec Bank PLC as Security Trustee for the Other Secured Parties
A registered charge—24/09/201520/01/2016
satisfied
Investec Bank
Investec Bank PLC
Debenture1 property13/03/201212/01/2017
satisfied
Bankers Trust Company (In Its Capacity as Security Trustee for the Securedparties Pursuant to the Deed of Charge)
A northwest lease loan pledge agreement made between bae systems (funding one) limited and bankers trust company (the security trustee) (the "northwest lease loan pledge")1 property19/06/200118/06/2004

Recent filings (142 total)

change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-04-21
liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date
insolvency · LIQ03
2025-11-12
termination-director-company-with-name-termination-date
officers · TM01
2025-03-12
liquidation-voluntary-resignation-liquidator
insolvency · LIQ06
2025-02-04
liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date
insolvency · LIQ03
2024-12-10
liquidation-voluntary-declaration-of-solvency
insolvency · LIQ01
2023-11-02
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-10-24
liquidation-voluntary-appointment-of-liquidator
insolvency · 600
2023-10-24
resolution
resolution · RESOLUTIONS
2023-10-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-09-15
capital-statement-capital-company-with-date-currency-figure
capital · SH19
2022-12-20
legacy
insolvency · CAP-SS
2022-12-20
legacy
capital · SH20
2022-12-20
resolution
resolution · RESOLUTIONS
2022-12-20
accounts-with-accounts-type-full
accounts · AA
2022-12-15