03898871 LTD

⚰️Wound downliquidation
03898871 · ltd · incorporated 1999-12-20
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: Construction of other civil engineering projects n.e.c.
Sector: Construction
Investor take
Pass (distressed without resilience)
Distressed unclear — structural issues outweigh the discount.

Opportunity 38/100 (watch), bankability 10/100. Strong seller-intent signal (78/100, director aged 75). 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: distressed disposal / insolvency (65/100). Current lenders should be on immediate intervention.

🏦

Refinance opportunity

5 live charges · 2 lenders · oldest 26.2y

40/100
too messy

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

  • · Oldest live charge is 26.2 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Legal-friction score 45/100 (high).

Data confidence

Overall: low (52/100)

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
9 officers (2 active, 9 linked, 5 with DOB)
81
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
15 connected companies via shared directors
90
Filing history
83 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
80
Strong succession / seller-readiness signals.
Risk profile
10
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 (48 events)Click to expand
  1. 2025-06-30
    ⚠️
    liquidation-compulsory-winding-up-progress-report
    insolvency · WU07
  2. 2024-05-30
    ⚠️
    liquidation-compulsory-winding-up-progress-report
    insolvency · WU07
  3. 2023-06-20
    ⚠️
    liquidation-compulsory-winding-up-progress-report
    insolvency · WU07
  4. 2022-07-04
    ⚠️
    liquidation-compulsory-winding-up-progress-report
    insolvency · WU07
  5. 2021-11-30
    ⚠️
    liquidation-compulsory-appointment-liquidator
    insolvency · WU04
  6. 2021-11-30
    ⚠️
    liquidation-compulsory-winding-up-order
    insolvency · COCOMP
  7. 2021-11-30
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  8. 2021-11-30
    📄
    legacy
    restoration · AC93
  9. 2021-11-30
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  10. 2019-07-09
    📄
    gazette-dissolved-compulsory
    gazette · GAZ2
  11. 2019-07-09
    🏁
    Company dissolved
  12. 2019-04-06
    📄
    dissolved-compulsory-strike-off-suspended
    dissolution · DISS16(SOAS)
  13. 2019-03-12
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  14. 2018-07-20
    ⚠️
    liquidation-voluntary-arrangement-completion
    insolvency · CVA4
  15. 2017-09-02
    ⚠️
    liquidation-cva-supervisors-abstract-of-receipts-payments-with-brought-down-date
    insolvency · CVA3
  16. 2016-08-19
    ⚠️
    liquidation-cva-supervisors-abstract-of-receipts-payments-with-brought-down-date
    insolvency · 1.3
  17. 2015-07-15
    ⚠️
    liquidation-voluntary-arrangement-meeting-approving-companies-voluntary-arrangement
    insolvency · 1.1
  18. 2015-05-02
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  19. 2015-04-30
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  20. 2015-04-30
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  21. 2015-04-21
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  22. 2014-01-31
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  23. 2014-01-28
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  24. 2013-02-05
    📄
    accounts-with-accounts-type-small
    accounts · AA
  25. 2013-01-22
    📄
    legacy
    mortgage · MG01
  26. 2013-01-16
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  27. 2013-01-14
    🔒
    Charge registered #5
    Lender: The Royal Bank of Scotland PLC
  28. 2010-05-04
    ➕
    FLINT, Adrian Mark appointed
    director
  29. 2009-09-01
    ➖
    ELDRIDGE, Geoff resigned
    secretary
  30. 2008-01-05
    ➖
    BROOME, Margaret Rosario resigned
    director
  31. 2006-12-27
    🔒
    Charge registered #4
    Lender: National Westminster Bank PLC
  32. 2006-03-01
    ➖
    WILCOCK, Graham George resigned
    secretary
  33. 2006-03-01
    ➖
    MARSH, Brian Keith resigned
    director
  34. 2006-03-01
    ➖
    MARSH, Maria Julia resigned
    director
  35. 2006-02-24
    ➕
    ELDRIDGE, Geoff appointed
    secretary
  36. 2002-02-20
    🔒
    Charge registered #3
    Lender: National Westminster Bank PLC
  37. 2002-02-20
    🔒
    Charge registered #2
    Lender: National Westminster Bank PLC
  38. 2000-08-22
    ➕
    BROOME, Margaret Rosario appointed
    director
  39. 2000-08-22
    ➕
    MARSH, Maria Julia appointed
    director
  40. 2000-03-31
    🔒
    Charge registered #1
    Lender: National Westminster Bank PLC
  41. 1999-12-20
    🏢
    Company incorporated
    As 03898871 LTD
  42. 1999-12-20
    ➕
    BROOME, Barry Richard appointed
    director
  43. 1999-12-20
    ➕
    WILCOCK, Graham George appointed
    secretary
  44. 1999-12-20
    ➕
    WATERLOW SECRETARIES LIMITED appointed
    corporate-nominee-secretary
  45. 1999-12-20
    ➖
    WATERLOW SECRETARIES LIMITED resigned
    corporate-nominee-secretary
  46. 1999-12-20
    ➕
    MARSH, Brian Keith appointed
    director
  47. 1999-12-20
    ➕
    WATERLOW NOMINEES LIMITED appointed
    corporate-nominee-director
  48. 1999-12-20
    ➖
    WATERLOW NOMINEES LIMITED resigned
    corporate-nominee-director

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 26 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 75 — succession pressure is live.

Succession & seller-readiness

91/100
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 75 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 26 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 26 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

4 high · 1 low
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: 2016-01-31

Confirmation statement overdue
high

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

Evidence: Next due: 2017-01-03

Company in liquidation
high

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

10 insolvency-related filings on record
high

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

Evidence: 2025-06-30: liquidation-compulsory-winding-up-progress-report; 2024-05-30: liquidation-compulsory-winding-up-progress-report

5 live charges
low

Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.

🔒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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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

13 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
Incorporated1999-12-20
Jurisdictionengland-wales
Primary SIC42990 — Construction of other civil engineering projects n.e.c.

Registered office

Frp Advisory Trading Limited Jupiter House Warley Hill Business Park
The Drive
Brentwood
Essex
CM13 3BE

Filing status

Accounts
Next due: 2016-01-31OVERDUE
Last made up to: 2014-04-30
Confirmation statement
Next due: 2017-01-03OVERDUE
Last: —

Officers (2 active · 7 resigned)

BROOME, Barry Richard→
director · ~75y · appointed 1999-12-20
View their other companies + combined net worth →
Active
FLINT, Adrian Mark→
director · ~63y · appointed 2010-05-04
View their other companies + combined net worth →
Active
ELDRIDGE, Geoff→
secretary · appointed 2006-02-24 · resigned 2009-09-01
Resigned
WILCOCK, Graham George→
secretary · appointed 1999-12-20 · resigned 2006-03-01
Resigned
WATERLOW SECRETARIES LIMITED→
corporate-nominee-secretary · appointed 1999-12-20 · resigned 1999-12-20
Resigned
BROOME, Margaret Rosario→
director · ~80y · appointed 2000-08-22 · resigned 2008-01-05
Resigned
MARSH, Brian Keith→
director · ~84y · appointed 1999-12-20 · resigned 2006-03-01
Resigned
MARSH, Maria Julia→
director · ~81y · appointed 2000-08-22 · resigned 2006-03-01
Resigned
WATERLOW NOMINEES LIMITED→
corporate-nominee-director · appointed 1999-12-20 · resigned 1999-12-20
Resigned

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

Mortgages & charges

5
Total charges
5
Outstanding
2
Active lenders
Status:Lender:5 of 5 shown
TypeProperties
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Debenture1 property14/01/2013—
outstanding
National Westminster Bank
National Westminster Bank PLC
Debenture1 property27/12/2006—
outstanding
National Westminster Bank
National Westminster Bank PLC
Legal charge1 property20/02/2002—
outstanding
National Westminster Bank
National Westminster Bank PLC
Legal charge1 property20/02/2002—
outstanding
National Westminster Bank
National Westminster Bank PLC
Legal mortgage1 property31/03/2000—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (83 total)

liquidation-compulsory-winding-up-progress-report
insolvency · WU07
2025-06-30
liquidation-compulsory-winding-up-progress-report
insolvency · WU07
2024-05-30
liquidation-compulsory-winding-up-progress-report
insolvency · WU07
2023-06-20
liquidation-compulsory-winding-up-progress-report
insolvency · WU07
2022-07-04
liquidation-compulsory-appointment-liquidator
insolvency · WU04
2021-11-30
liquidation-compulsory-winding-up-order
insolvency · COCOMP
2021-11-30
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2021-11-30
legacy
restoration · AC93
2021-11-30
certificate-change-of-name-company
change-of-name · CERTNM
2021-11-30
gazette-dissolved-compulsory
gazette · GAZ2
2019-07-09
dissolved-compulsory-strike-off-suspended
dissolution · DISS16(SOAS)
2019-04-06
gazette-notice-compulsory
gazette · GAZ1
2019-03-12
liquidation-voluntary-arrangement-completion
insolvency · CVA4
2018-07-20
liquidation-cva-supervisors-abstract-of-receipts-payments-with-brought-down-date
insolvency · CVA3
2017-09-02
liquidation-cva-supervisors-abstract-of-receipts-payments-with-brought-down-date
insolvency · 1.3
2016-08-19