PISEAF 2 LIMITED
⚰️Wound downdissolved
03932064 · ltd · incorporated 2000-02-23
Investment thesis
Company dissolved — not a live target.
Why interesting: Historical record only; useful for precedent research.
Why risky: Not transactable.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
- · Oldest live charge 24.6y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
53/100
Worth a look
What this business does
Primary activity: SIC 2213
Sector: Manufacturing
Investor take
Pass (distressed without resilience)Distressed unclear — structural issues outweigh the discount.
Opportunity 53/100 (worth a look), bankability 55/100. Strong seller-intent signal (78/100, director aged 88). Asset purchase likely safer than share purchase given structural signals. 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 (50/100). Current lenders should be on monthly review.
🏦
Refinance opportunity
1 live charge · oldest 24.6y
55/100
too messy
Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.
- · Oldest live charge is 24.6 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Legal-friction score 45/100 (high).
Data confidence
Overall: low (49/100)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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
8 officers (3 active, 8 linked, 4 with DOB)
80
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
6 connected companies via shared directors
63
Filing history
29 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
53/100Worth 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
49
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 (41 events)Click to expand
- 2010-10-08⚠️gazette-dissolved-liquidationgazette · GAZ2
- 2010-10-08🏁Company dissolved
- 2004-12-10⚠️liquidation-compulsory-defer-dissolutioninsolvency · L64.04
- 2004-12-10⚠️liquidation-compulsory-completioninsolvency · L64.07
- 2004-08-18⚠️liquidation-compulsory-winding-up-orderinsolvency · COCOMP
- 2003-02-20⚠️liquidation-compulsory-notice-winding-up-orderinsolvency · F14
- 2003-01-20⚠️liquidation-administration-administrators-abstracts-of-receipts-and-paymentsinsolvency · 2.15
- 2003-01-20⚠️liquidation-administration-discharge-of-administration-orderinsolvency · 2.19
- 2002-10-09✏️certificate-change-of-name-companychange-of-name · CERTNM
- 2002-09-05⚠️liquidation-administration-proposalsinsolvency · 2.21
- 2002-07-04⚠️liquidation-administration-notice-of-administration-orderinsolvency · 2.6
- 2002-06-26📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2002-06-11📄legacyannual-return · 363a
- 2002-02-22✏️certificate-change-of-name-companychange-of-name · CERTNM
- 2002-02-08📄legacyofficers · 288b
- 2001-11-05➖REHMAN, Fiaz Ur resigneddirector
- 2001-11-02📄legacymortgage · 395
- 2001-10-31🔒Charge registered #1Lender: Aib Group (UK) PLC
- 2001-09-17📄legacyofficers · 288c
- 2001-03-07📄legacyannual-return · 363a
- 2000-06-23📄legacyaccounts · 225
- 2000-06-23📍legacyaddress · 287
- 2000-06-23📄legacyofficers · 288b
- 2000-06-23📄legacyofficers · 288a
- 2000-06-23📄legacyofficers · 288a
- 2000-06-23📄legacyofficers · 288a
- 2000-06-08➕URQUHART, Graham Kenneth appointedsecretary
- 2000-06-08➕IRELAND, Stephen appointeddirector
- 2000-06-08➖POSNER, David Howard resignedsecretary
- 2000-06-08➖POSNER, David Howard resigneddirector
- 2000-06-08➕REHMAN, Fiaz Ur appointeddirector
- 2000-05-09📄legacyofficers · 288a
- 2000-05-09📄legacyofficers · 288a
- 2000-02-23🏢Company incorporatedAs PISEAF 2 LIMITED
- 2000-02-23➕WILLIAMS, Anthony Kenneth appointeddirector
- 2000-02-23➕POSNER, David Howard appointedsecretary
- 2000-02-23➕THEYDON SECRETARIES LIMITED appointedcorporate-nominee-secretary
- 2000-02-23➖THEYDON SECRETARIES LIMITED resignedcorporate-nominee-secretary
- 2000-02-23➕POSNER, David Howard appointeddirector
- 2000-02-23➕THEYDON NOMINEES LIMITED appointedcorporate-nominee-director
- 2000-02-23➖THEYDON NOMINEES LIMITED resignedcorporate-nominee-director
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
- +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 88 — succession pressure is live.
Succession & seller-readiness
96/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 88 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.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
2 high ·Company dissolved
highCompany has been dissolved — it no longer legally exists. Any diligence here is historical only.
Evidence: Dissolved on 2010-10-08
9 insolvency-related filings on record
highFilings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2010-10-08: gazette-dissolved-liquidation; 2004-12-10: liquidation-compulsory-defer-dissolution
🔒Co-director network graph
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒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.
See pricing →Company details
Statusdissolved
Typeltd
Incorporated2000-02-23
Jurisdictionengland-wales
Primary SIC2213 — SIC 2213
Registered office
61 Woodside Road
New Malden
Surrey
KT3 3AW
Filing status
Accounts
Next due: —
Last made up to: 2001-06-30
Confirmation statement
Next due: —
Last: —
Officers (0 active · 5 resigned)
URQUHART, Graham Kenneth→
Activesecretary · appointed 2000-06-08
View their other companies + combined net worth →
IRELAND, Stephen→
Activedirector · ~78y · appointed 2000-06-08
View their other companies + combined net worth →
WILLIAMS, Anthony Kenneth→
Activedirector · ~88y · appointed 2000-02-23
View their other companies + combined net worth →
POSNER, David Howard→
Resignedsecretary · appointed 2000-02-23 · resigned 2000-06-08
THEYDON SECRETARIES LIMITED→
Resignedcorporate-nominee-secretary · appointed 2000-02-23 · resigned 2000-02-23
POSNER, David Howard→
Resigneddirector · ~78y · appointed 2000-02-23 · resigned 2000-06-08
REHMAN, Fiaz Ur→
Resigneddirector · ~67y · appointed 2000-06-08 · resigned 2001-11-05
THEYDON NOMINEES LIMITED→
Resignedcorporate-nominee-director · appointed 2000-02-23 · resigned 2000-02-23
Click a director name to see their full track record across all companies.
Mortgages & charges
1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Aib Group (UK) Aib Group (UK) PLC | Mortgage debenture | 1 property | 31/10/2001 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (29 total)
gazette-dissolved-liquidation
gazette · GAZ2
2010-10-08
liquidation-compulsory-defer-dissolution
insolvency · L64.04
2004-12-10
liquidation-compulsory-completion
insolvency · L64.07
2004-12-10
liquidation-compulsory-winding-up-order
insolvency · COCOMP
2004-08-18
liquidation-compulsory-notice-winding-up-order
insolvency · F14
2003-02-20
liquidation-administration-administrators-abstracts-of-receipts-and-payments
insolvency · 2.15
2003-01-20
liquidation-administration-discharge-of-administration-order
insolvency · 2.19
2003-01-20
certificate-change-of-name-company
change-of-name · CERTNM
2002-10-09
liquidation-administration-proposals
insolvency · 2.21
2002-09-05
liquidation-administration-notice-of-administration-order
insolvency · 2.6
2002-07-04
accounts-with-accounts-type-total-exemption-small
accounts · AA
2002-06-26
legacy
annual-return · 363a
2002-06-11
certificate-change-of-name-company
change-of-name · CERTNM
2002-02-22
legacy
officers · 288b
2002-02-08
legacy
mortgage · 395
2001-11-02