PRODUCT PROCUREMENT SERVICES LIMITED

⚰️Wound downdissolved
03726605 · ltd · incorporated 1999-03-04
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
50/100
Worth a look
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What this business does
Primary activity: SIC 7487
Sector: Professional, scientific & technical
Investor take
Pass (distressed without resilience)
Distressed unclear — structural issues outweigh the discount.

Opportunity 50/100 (worth a look), bankability 42/100. Strong seller-intent signal (88/100, director aged 78). Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: asset disposal / carve-out (45/100). Current lenders should be on monthly review.

🏦

Refinance opportunity

5 live charges · 3 lenders · oldest 24.0y

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 24.0 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Legal-friction score 60/100 (high).

Data confidence

Overall: low (51/100)

Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.

Company profile
address, 1 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
5 charges (5/5 with lender, 5/5 with type)
90
Directors & officers
30 officers (2 active, 30 linked, 20 with DOB)
83
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
10 connected companies via shared directors
75
Filing history
116 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
50/100Worth 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
80
Strong succession / seller-readiness signals.
Risk profile
41
Multiple red flags — proceed with caution.
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 (94 events)Click to expand
  1. 2011-07-13
    ⚠️
    gazette-dissolved-liquidation
    gazette · GAZ2
  2. 2011-07-13
    🏁
    Company dissolved
  3. 2011-04-13
    ⚠️
    liquidation-voluntary-creditors-return-of-final-meeting
    insolvency · 4.72
  4. 2011-02-21
    ⚠️
    liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date
    insolvency · 4.68
  5. 2010-08-20
    ⚠️
    liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date
    insolvency · 4.68
  6. 2009-08-04
    ⚠️
    liquidation-in-administration-move-to-creditors-voluntary-liquidation
    insolvency · 2.34B
  7. 2009-07-18
    ⚠️
    liquidation-in-administration-progress-report-with-brought-down-date
    insolvency · 2.24B
  8. 2009-03-10
    ⚠️
    liquidation-in-administration-result-creditors-meeting
    insolvency · 2.23B
  9. 2009-02-13
    ⚠️
    liquidation-in-administration-proposals
    insolvency · 2.17B
  10. 2009-02-11
    ⚠️
    liquidation-in-administration-statement-of-affairs-with-form-attached
    insolvency · 2.16B
  11. 2009-02-08
    📄
    legacy
    officers · 288b
  12. 2009-01-30
    SINCLAIR, Rebecca Claire resigned
    secretary
  13. 2008-12-31
    📍
    legacy
    address · 287
  14. 2008-12-30
    ⚠️
    liquidation-in-administration-appointment-of-administrator
    insolvency · 2.12B
  15. 2008-12-08
    📄
    legacy
    accounts · 225
  16. 2008-12-04
    FIRTH, Steven resigned
    director
  17. 2008-12-04
    📄
    legacy
    officers · 288b
  18. 2008-08-20
    📄
    legacy
    officers · 288b
  19. 2008-08-20
    📄
    legacy
    officers · 288a
  20. 2008-08-18
    CHAPMAN, Kieran Paul resigned
    secretary
  21. 2008-08-18
    SINCLAIR, Rebecca Claire appointed
    secretary
  22. 2008-08-01
    📄
    accounts-with-accounts-type-full
    accounts · AA
  23. 2008-03-07
    📄
    legacy
    annual-return · 363a
  24. 2007-11-19
    📄
    legacy
    accounts · 225
  25. 2007-09-27
    📄
    legacy
    officers · 288b
  26. 2007-09-25
    📄
    legacy
    officers · 288b
  27. 2007-09-18
    PRICE, William Frederick Ernest resigned
    director
  28. 2007-08-16
    📄
    legacy
    officers · 288b
  29. 2007-08-10
    KNIGHT, Joanna Felicity resigned
    director
  30. 2007-08-04
    📄
    legacy
    officers · 288b
  31. 2007-07-24
    📄
    legacy
    officers · 288c
  32. 2007-07-11
    📄
    accounts-with-accounts-type-full
    accounts · AA
  33. 2007-07-05
    PRESTON, Graham John resigned
    director
  34. 2007-03-19
    BRIARS, Mark Anthony resigned
    secretary
  35. 2007-03-19
    CHAPMAN, Kieran Paul appointed
    secretary
  36. 2007-03-19
    BRIARS, Mark Anthony resigned
    director
  37. 2007-01-08
    BRIARS, Mark Anthony appointed
    secretary
  38. 2007-01-08
    IEVERS, Michael John Eyre resigned
    secretary
  39. 2007-01-08
    BELDEAU, Michael Henri resigned
    director
  40. 2007-01-08
    BRIARS, Mark Anthony appointed
    director
  41. 2006-11-08
    PRICE, William Frederick Ernest appointed
    director
  42. 2005-09-16
    BELDEAU, Michael Henri appointed
    director
  43. 2005-03-18
    FIRTH, Steven appointed
    director
  44. 2004-11-22
    IEVERS, Michael John Eyre appointed
    secretary
  45. 2004-11-22
    WINTER, Thomas George resigned
    secretary
  46. 2004-11-22
    WINTER, Thomas George resigned
    director
  47. 2004-11-09
    🔓
    Charge satisfied #4
  48. 2004-11-09
    🔓
    Charge satisfied #3
  49. 2004-11-09
    🔓
    Charge satisfied #2
  50. 2004-10-01
    PRESTON, Graham John appointed
    director
Showing most recent 50 of 94 events

Owner dependency

83/100
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
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Long-tenure founder: Senior director has been in place 27 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 78 — succession pressure is live.

Succession & seller-readiness

96/100
Likely off-market candidate

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

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 78 years old. Natural succession window is now.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 27 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 27 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 · 1 med ·
Company dissolved
high

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

Evidence: Dissolved on 2011-07-13

10 insolvency-related filings on record
high

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

Evidence: 2011-07-13: gazette-dissolved-liquidation; 2011-04-13: liquidation-voluntary-creditors-return-of-final-meeting

Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

🔒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

10 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.

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Company details

Statusdissolved
Typeltd
Incorporated1999-03-04
Jurisdictionengland-wales
Primary SIC7487 — SIC 7487

Registered office

Gloucester House
72 London Road
St Albans
Hertfordshire
AL1 1NS

Filing status

Accounts
Next due:
Last made up to:
Confirmation statement
Next due:
Last:

Officers (0 active · 28 resigned)

IEVERS, Michael John Eyre
director · ~78y · appointed 2002-04-04
View their other companies + combined net worth →
Active
KING, David Richard
director · ~73y · appointed 1999-09-23
View their other companies + combined net worth →
Active
ASH, Roderick Martin
secretary · appointed 1999-05-20 · resigned 2000-02-29
Resigned
BRIARS, Mark Anthony
secretary · appointed 2007-01-08 · resigned 2007-03-19
Resigned
CHAPMAN, Kieran Paul
secretary · appointed 2007-03-19 · resigned 2008-08-18
Resigned
IEVERS, Michael John Eyre
secretary · appointed 2004-11-22 · resigned 2007-01-08
Resigned
LAWTON, Kirsten
secretary · appointed 2000-02-29 · resigned 2000-09-20
Resigned
MCMELLON, Christopher John
secretary · appointed 2000-09-20 · resigned 2002-05-12
Resigned
SINCLAIR, Rebecca Claire
secretary · appointed 2008-08-18 · resigned 2009-01-30
Resigned
WINTER, Thomas George
secretary · appointed 2002-10-21 · resigned 2004-11-22
Resigned
PHILSEC LIMITED
corporate-nominee-secretary · appointed 1999-03-04 · resigned 1999-05-20
Resigned
ASH, Roderick Martin
director · ~69y · appointed 1999-05-20 · resigned 2000-02-29
Resigned
BELDEAU, Michael Henri
director · ~67y · appointed 2005-09-16 · resigned 2007-01-08
Resigned
BOND, Gordon
director · ~85y · appointed 1999-05-20 · resigned 2001-03-20
Resigned
BONSEY, Colin Peter
director · ~80y · appointed 2000-02-14 · resigned 2002-05-12
Resigned
BRIARS, Mark Anthony
director · ~61y · appointed 2007-01-08 · resigned 2007-03-19
Resigned
DARBYSHIRE, Ian Simpson
director · ~72y · appointed 1999-05-20 · resigned 1999-09-30
Resigned
FIRTH, Steven
director · ~65y · appointed 2005-03-18 · resigned 2008-12-04
Resigned
HALLIDAY, Peter Edwin
director · ~69y · appointed 2001-07-01 · resigned 2002-05-12
Resigned
HIRST, Stephen
director · ~79y · appointed 2003-07-14 · resigned 2004-03-05
Resigned

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

Mortgages & charges

5
Total charges
1
Outstanding
1
Active lenders
Status:Lender:5 of 5 shown
TypeProperties
outstanding
Lloyds Banking Group
Lloyds Tsb Bank PLC
Debenture1 property30/09/2004
satisfied
Land Securities
Land Securities PLC
Legal mortgage1 property22/01/200409/11/2004
satisfied
Land Securities
Land Securities PLC
Legal mortgage1 property22/01/200409/11/2004
satisfied
Land Securities
Land Securities PLC
Debenture1 property25/11/200309/11/2004
satisfied
Lloyds Banking Group
Lloyds Tsb Commercial Finance Limited
All assets debenture deed1 property27/05/200205/12/2003
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (116 total)

gazette-dissolved-liquidation
gazette · GAZ2
2011-07-13
liquidation-voluntary-creditors-return-of-final-meeting
insolvency · 4.72
2011-04-13
liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date
insolvency · 4.68
2011-02-21
liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date
insolvency · 4.68
2010-08-20
liquidation-in-administration-move-to-creditors-voluntary-liquidation
insolvency · 2.34B
2009-08-04
liquidation-in-administration-progress-report-with-brought-down-date
insolvency · 2.24B
2009-07-18
liquidation-in-administration-result-creditors-meeting
insolvency · 2.23B
2009-03-10
liquidation-in-administration-proposals
insolvency · 2.17B
2009-02-13
liquidation-in-administration-statement-of-affairs-with-form-attached
insolvency · 2.16B
2009-02-11
legacy
officers · 288b
2009-02-08
legacy
address · 287
2008-12-31
liquidation-in-administration-appointment-of-administrator
insolvency · 2.12B
2008-12-30
legacy
accounts · 225
2008-12-08
legacy
officers · 288b
2008-12-04
legacy
officers · 288b
2008-08-20