HOT EXCHANGE LIMITED
⚰️Wound downdissolved
03939705 · ltd · incorporated 2000-02-29
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
45/100
Watch
What this business does
Primary activity: SIC 99999
Sector: Extraterritorial bodies
Investor take
Pass (distressed without resilience)Distressed unclear — structural issues outweigh the discount.
Opportunity 45/100 (watch), bankability 52/100. High owner-dependency — earn-out structure likely required for clean transition. Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: asset disposal / carve-out (30/100). Current lenders should be on monthly review.
🏦
Refinance opportunity
4 live charges · 4 lenders · oldest 25.2y
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 25.2 years old — likely at or near maturity.
- · 4 lenders named — inter-creditor friction likely.
- · Legal-friction score 50/100 (high).
Data confidence
Overall: medium (59/100)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
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
18 officers (2 active, 18 linked, 13 with DOB)
84
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
140 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
45/100Watch
PassWatchWorth a lookStrongExceptional
Not actionable now, but monitor — distressed, succession, or structural changes could flip this into a real opportunity.
Business quality
10
Concerning — overdue filings or status flags present.
Acquirability
60
Some acquirability indicators.
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
1
filing
- • 1 gazette
Counts from Companies House filing history.
Corporate timeline (63 events)Click to expand
- 2026-01-10⚠️gazette-dissolved-liquidationgazette · GAZ2
- 2026-01-10🏁Company dissolved
- 2025-10-10⚠️liquidation-voluntary-members-return-of-final-meetinginsolvency · LIQ13
- 2025-04-11📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2025-04-11⚠️liquidation-voluntary-declaration-of-solvencyinsolvency · LIQ01
- 2025-04-11⚠️liquidation-voluntary-appointment-of-liquidatorinsolvency · 600
- 2025-04-11📄resolutionresolution · RESOLUTIONS
- 2025-04-01📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-03-31➖MULLEN, James Joseph resigneddirector
- 2025-03-11📄legacycapital · SH20
- 2025-03-11📄capital-statement-capital-company-with-date-currency-figurecapital · SH19
- 2025-03-11⚠️legacyinsolvency · CAP-SS
- 2025-03-11📄resolutionresolution · RESOLUTIONS
- 2024-09-10📄accounts-with-accounts-type-fullaccounts · AA
- 2023-10-02📄accounts-with-accounts-type-fullaccounts · AA
- 2023-01-09📄termination-director-company-with-name-termination-dateofficers · TM01
- 2022-12-31➖FULLER, Simon Jeremy Ian resigneddirector
- 2022-08-08📄accounts-with-accounts-type-dormantaccounts · AA
- 2021-09-30📄accounts-with-accounts-type-dormantaccounts · AA
- 2020-09-29📄accounts-with-accounts-type-dormantaccounts · AA
- 2019-09-11📄accounts-with-accounts-type-dormantaccounts · AA
- 2019-08-19📄appoint-person-director-company-with-name-dateofficers · AP01
- 2019-08-16➖FOX, Simon Richard resigneddirector
- 2019-08-16➕MULLEN, James Joseph appointeddirector
- 2019-03-01➕FULLER, Simon Jeremy Ian appointeddirector
- 2019-03-01➖VAGHELA, Vijay Kumar Lakhman Meghji resigneddirector
- 2014-11-17➕FOX, Simon Richard appointeddirector
- 2014-11-17➖VICKERS, Paul Andrew resigneddirector
- 2014-09-26🔓Charge satisfied #4
- 2014-09-26🔓Charge satisfied #3
- 2014-09-26🔓Charge satisfied #1
- 2009-10-01➕VAGHELA, Vijay Kumar Lakhman Meghji appointeddirector
- 2009-10-01➕VICKERS, Paul Andrew appointeddirector
- 2006-01-20➕REACH SECRETARIES LIMITED appointedcorporate-secretary
- 2006-01-20➕REACH DIRECTORS LIMITED appointedcorporate-director
- 2006-01-20➖WRIGHT, Stephen Dennis resignedsecretary
- 2006-01-20➖REEVES, Anthony Henry resigneddirector
- 2006-01-20➖SINCLAIR, Harvey resigneddirector
- 2004-05-10🔒Charge registered #4Lender: The Royal Bank of Scotland Commercial Services Limited
- 2003-12-09🔓Charge satisfied #2
- 2003-12-08🔒Charge registered #3Lender: National Westminster Bank PLC
- 2003-02-24➖MACKELLAR, James Meikle Mann resigneddirector
- 2003-02-24➖SEMPLE, Jennifer resigneddirector
- 2002-08-20➖PHILLIPS, Justin Myles Jonathan resignedsecretary
- 2002-08-20➕WRIGHT, Stephen Dennis appointedsecretary
- 2002-02-18🔒Charge registered #2Lender: The Governor and Company of the Bank of Scotland
- 2001-08-31➕SEMPLE, Jennifer appointeddirector
- 2001-08-22➖SCHER, Spencer Paul resigneddirector
- 2001-08-22➖WHITEHEAD, Guy resigneddirector
- 2001-07-07➕REEVES, Anthony Henry appointeddirector
Showing most recent 50 of 63 events
Owner dependency
100/100
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
- +Sole director: Only one active director — all governance concentrated on one person.
- +Founder name in company name: Company name contains director surname "LIMITED" — strong identity link between founder and business.
- +Long-tenure founder: Senior director has been in place 20 years — deep operational knowledge concentrated in one person.
Succession & seller-readiness
75/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- primary20+ year tenure: Director in role 20 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 · 1 med ·Company dissolved
highCompany has been dissolved — it no longer legally exists. Any diligence here is historical only.
Evidence: Dissolved on 2026-01-10
5 insolvency-related filings on record
highFilings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2026-01-10: gazette-dissolved-liquidation; 2025-10-10: liquidation-voluntary-members-return-of-final-meeting
Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
The Hotgroup Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
The Hotgroup Limited
Corporate parent · holds 75-100% shares
⬇
HOT EXCHANGE LIMITED
This company · 03939705
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%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
The Hotgroup Limited Corporate entity | 75–100% | 75–100% | 75-100% shares · 75-100% voting | 06/04/2016 |
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.
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| APERCUS1 LIMITED→ 15099809 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| ARETE CAPITAL PARTNERS LLP→ OC432757 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
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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
Incorporated2000-02-29
Jurisdictionengland-wales
Primary SIC99999 — SIC 99999
Registered office
C/O Bdo Llp, 5 Temple Square
Temple Street
Liverpool
L2 5RH
Filing status
Accounts
Next due: —
Last made up to: 2023-12-31
Confirmation statement
Next due: —
Last: 2025-02-01
Officers (0 active · 16 resigned)
REACH SECRETARIES LIMITED→
Activecorporate-secretary · appointed 2006-01-20
View their other companies + combined net worth →
REACH DIRECTORS LIMITED→
Activecorporate-director · appointed 2006-01-20
View their other companies + combined net worth →
MORAN, Steven James→
Resignedsecretary · appointed 2000-02-29 · resigned 2001-02-07
PHILLIPS, Justin Myles Jonathan→
Resignedsecretary · appointed 2001-02-07 · resigned 2002-08-20
WRIGHT, Stephen Dennis→
Resignedsecretary · appointed 2002-08-20 · resigned 2006-01-20
FOX, Simon Richard→
Resigneddirector · ~65y · appointed 2014-11-17 · resigned 2019-08-16
FULLER, Simon Jeremy Ian→
Resigneddirector · ~49y · appointed 2019-03-01 · resigned 2022-12-31
MACKELLAR, James Meikle Mann→
Resigneddirector · ~93y · appointed 2000-07-28 · resigned 2003-02-24
MORAN, Steven James→
Resigneddirector · ~58y · appointed 2000-06-26 · resigned 2000-07-28
MULLEN, James Joseph→
Resigneddirector · ~56y · appointed 2019-08-16 · resigned 2025-03-31
REEVES, Anthony Henry→
Resigneddirector · ~86y · appointed 2001-07-07 · resigned 2006-01-20
SCHER, Spencer Paul→
Resigneddirector · ~53y · appointed 2000-03-01 · resigned 2001-08-22
SEMPLE, Jennifer→
Resigneddirector · ~78y · appointed 2001-08-31 · resigned 2003-02-24
SINCLAIR, Harvey→
Resigneddirector · ~55y · appointed 2000-03-01 · resigned 2006-01-20
VAGHELA, Vijay Kumar Lakhman Meghji→
Resigneddirector · ~60y · appointed 2009-10-01 · resigned 2019-03-01
VICKERS, Paul Andrew→
Resigneddirector · ~66y · appointed 2009-10-01 · resigned 2014-11-17
WHITEHEAD, Guy→
Resigneddirector · ~64y · appointed 2000-02-29 · resigned 2001-08-22
WOODWARD, Douglas Malcolm→
Resigneddirector · ~75y · appointed 2000-07-28 · resigned 2001-03-31
Click a director name to see their full track record across all companies.
Mortgages & charges
4
Total charges
0
Outstanding
0
Active lenders
Status:Lender:4 of 4 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Lloyds Banking Group The Royal Bank of Scotland Commercial Services Limited | Fixed and floating charge | 1 property | 10/05/2004 | 26/09/2014 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Debenture | 1 property | 08/12/2003 | 26/09/2014 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Debenture | 1 property | 18/02/2002 | 09/12/2003 | |
| satisfied | Smiths of Covent Garden Smiths of Covent Garden Limited | Rent deposit deed | 1 property | 12/04/2001 | 26/09/2014 |
Recent filings (140 total)
gazette-dissolved-liquidation
gazette · GAZ2
2026-01-10
liquidation-voluntary-members-return-of-final-meeting
insolvency · LIQ13
2025-10-10
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-04-11
liquidation-voluntary-declaration-of-solvency
insolvency · LIQ01
2025-04-11
liquidation-voluntary-appointment-of-liquidator
insolvency · 600
2025-04-11
resolution
resolution · RESOLUTIONS
2025-04-11
termination-director-company-with-name-termination-date
officers · TM01
2025-04-01
legacy
capital · SH20
2025-03-11
capital-statement-capital-company-with-date-currency-figure
capital · SH19
2025-03-11
legacy
insolvency · CAP-SS
2025-03-11
resolution
resolution · RESOLUTIONS
2025-03-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-03
accounts-with-accounts-type-full
accounts · AA
2024-09-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-02
accounts-with-accounts-type-full
accounts · AA
2023-10-02