SOURCE ONE COMMUNICATIONS (UK) LIMITED
- · Oldest live charge 25.3y old — refinance window within 12 months
Opportunity 65/100 (strong), bankability 80/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: Company dissolved. Company has been dissolved — it no longer legally exists. Any diligence here is historical only. Most likely exit: share sale to pe / searcher (65/100).
Refinance opportunity
2 live charges · oldest 25.3y
Refinance conversation should be productive — structure clean and timing right.
- · Oldest live charge is 25.3 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Legal-friction score 20/100 — clean.
Data confidence
Overall: low (53/100)Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Recent activity
Corporate timeline (73 events)Click to expand
- 2013-04-30📄gazette-dissolved-voluntarygazette · GAZ2(A)
- 2013-04-30🏁Company dissolved
- 2013-01-15📄gazette-notice-voluntarygazette · GAZ1(A)
- 2013-01-03📄dissolution-application-strike-off-companydissolution · DS01
- 2012-12-14📄legacymortgage · MG02
- 2012-12-08🔓Charge satisfied #1
- 2012-08-30📄legacymortgage · MG02
- 2012-08-22🔓Charge satisfied #2
- 2012-07-19➖BRAASCH, Jochen resigneddirector
- 2012-07-19📄termination-director-company-with-name-termination-dateofficers · TM01
- 2012-06-20📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2012-03-21📄accounts-with-accounts-type-dormantaccounts · AA
- 2011-07-20📄termination-director-company-with-nameofficers · TM01
- 2011-06-14📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2011-02-16📄accounts-with-accounts-type-dormantaccounts · AA
- 2011-01-24📄appoint-person-director-company-with-nameofficers · AP01
- 2011-01-21➕SARKAR, Nazir appointeddirector
- 2010-08-20📄appoint-person-director-company-with-nameofficers · AP01
- 2010-08-03➕BRAASCH, Jochen appointeddirector
- 2010-07-01➖HOOD, James Terence resigneddirector
- 2010-06-15📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2010-04-15📄change-person-director-company-with-change-dateofficers · CH01
- 2010-03-30📄accounts-with-accounts-type-dormantaccounts · AA
- 2009-09-16📄legacyofficers · 288a
- 2009-09-01➕HOOD, James Terence appointeddirector
- 2009-07-13📄legacyannual-return · 363a
- 2009-01-23📄accounts-with-accounts-type-fullaccounts · AA
- 2008-06-13📄legacyannual-return · 363a
- 2008-02-27📄legacyofficers · 288b
- 2008-02-26➖SMITH, Jason Leigh resigneddirector
- 2008-01-03📄accounts-with-accounts-type-fullaccounts · AA
- 2007-06-21📄legacyannual-return · 363a
- 2007-05-10📄accounts-with-accounts-type-fullaccounts · AA
- 2007-04-30📄legacyofficers · 288a
- 2007-04-20➕OLDFIELD, Nicholas Stuart Robert appointeddirector
- 2007-04-20➕SMITH, Jason Leigh appointeddirector
- 2006-01-31➕BOTHA, Llewellyn Kevan appointedsecretary
- 2006-01-31➖CORNEY, Darryl John resignedsecretary
- 2006-01-31➖CORNEY, Darryl John resigneddirector
- 2005-10-05➕BOTHA, Llewellyn Kevan appointeddirector
- 2005-10-05➖CHAPMAN, Robert William Frederick resigneddirector
- 2004-11-30➖BAILES, David Delisle resigneddirector
- 2004-10-21➖DEVON, David John resigneddirector
- 2004-04-28➖CHANDOHA, Walter Sam resigneddirector
- 2004-04-28➕CHAPMAN, Robert William Frederick appointeddirector
- 2004-04-28➕CORNEY, Darryl John appointeddirector
- 2004-04-28➖FERRANTE, Robert resigneddirector
- 2004-03-31➕CORNEY, Darryl John appointedsecretary
- 2004-03-31➖HOPKINSON, Ian Michael resignedsecretary
- 2004-01-30➖SHAPIRO, David, President resigneddirector
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +Long-tenure founder: Senior director has been in place 21 years — deep operational knowledge concentrated in one person.
- +Senior director age: Director aged approximately 64 — approaching natural succession window.
Succession & seller-readiness
Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
- primaryFounder aged 63+: Senior director is approximately 64. Approaching typical UK retirement age — succession thinking likely.
- primary20+ year tenure: Director in role 21 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
1 high ·Company has been dissolved — it no longer legally exists. Any diligence here is historical only.
Evidence: Dissolved on 2013-04-30
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
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7 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 →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
Registered office
Filing status
Officers (0 active · 19 resigned)
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Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | The Provident Bank | Debenture | 1 property | 22/09/2003 | 22/08/2012 | |
| satisfied | The Provident Bank | Debenture | 1 property | 06/02/2001 | 08/12/2012 |