TWCL LIMITED

⚰️Wound downdissolved
04274466 · ltd · incorporated 2001-08-21
Investment thesis
Company dissolved — not a live target.
Why interesting: Historical record only; useful for precedent research.
Why risky: Not transactable.
Why now
Window steady · low confidence
Stable recent picture — watch for any upcoming trigger event.
What changed my view
Last 30 days

No material changes in the last 30 days.

Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2018
Net worth
£-3.39M
book net assets
Opportunity
51/100
Worth a look
🔔
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What this business does
Primary activity: Activities of venture and development capital companies
Sector: Financial & insurance
Investor take
Pass (distressed without resilience)
Distressed unclear — structural issues outweigh the discount.

Opportunity 51/100 (worth a look), bankability 32/100. 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. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: distressed disposal / insolvency (85/100). Current lenders should be on monthly review.

🏦

Refinance opportunity

5 live charges · 3 lenders · oldest 21.3y

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

Data confidence

Overall: medium (76/100)

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
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
5 charges (5/5 with lender, 5/5 with type)
90
Directors & officers
18 officers (2 active, 18 linked, 14 with DOB)
86
Ownership & PSC
2 active PSC(s) of 4 total, 4 with control declared
90
Director network
18 connected companies via shared directors
90
Filing history
144 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
51/100Worth 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
75
Strong succession / seller-readiness signals.
Risk profile
49
Multiple red flags — proceed with caution.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Negative net assets
Liabilities exceed assets by £3,394,603

Key financials

1 year extracted from filed iXBRL accounts
Cash
£349k
Net Worth
-£3.4m
Current Assets
£1.3m
Current Liabilities
—

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2018-12-31
Total assets£2.96M
Current assets£1.27M
Cash£348.5k
Debtors£919.6k
Net assets£-3.39M

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

2 signals detected in this company's narrative notes — going-concern language, audit opinion, contingent liabilities, related-party transactions.

Available from the Pro tier upwards.

See pricing →

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 (64 events)Click to expand
  1. 2021-12-20
    ⚠️
    gazette-dissolved-liquidation
    gazette · GAZ2
  2. 2021-12-20
    🏁
    Company dissolved
  3. 2021-09-20
    ⚠️
    liquidation-voluntary-members-return-of-final-meeting
    insolvency · LIQ13
  4. 2021-09-10
    ⚠️
    liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date
    insolvency · LIQ03
  5. 2020-08-24
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  6. 2020-08-24
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  7. 2020-08-20
    📄
    resolution
    resolution · RESOLUTIONS
  8. 2020-08-17
    ⚠️
    liquidation-voluntary-declaration-of-solvency
    insolvency · LIQ01
  9. 2020-08-17
    ⚠️
    liquidation-voluntary-appointment-of-liquidator
    insolvency · 600
  10. 2020-07-31
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  11. 2019-09-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2019-07-22
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  13. 2019-06-03
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  14. 2019-03-26
    ➕
    LASCELLES, Edward William Anthony appointed
    director
  15. 2019-03-26
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  16. 2018-10-09
    📄
    change-account-reference-date-company-current-extended
    accounts · AA01
  17. 2018-02-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  18. 2017-12-19
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  19. 2017-12-19
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  20. 2017-09-26
    ➖
    TERNOFSKY, Fritz resigned
    director
  21. 2017-09-26
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  22. 2017-09-26
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  23. 2017-09-26
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  24. 2017-07-31
    📄
    accounts-with-accounts-type-full
    accounts · AA
  25. 2017-06-12
    📄
    resolution
    resolution · RESOLUTIONS
  26. 2017-06-07
    ➖
    BRIDLE, Matt resigned
    director
  27. 2017-05-30
    🔓
    Charge satisfied #5
  28. 2016-07-19
    ➕
    TERNOFSKY, Fritz appointed
    director
  29. 2016-06-10
    ➕
    BRIDLE, Matt appointed
    director
  30. 2016-06-10
    ➖
    GILLIS, Neil Duncan resigned
    director
  31. 2016-06-10
    ➖
    LEBOFF, Rob Julian Daniel resigned
    director
  32. 2016-03-08
    ➖
    GUMM, Paul David resigned
    director
  33. 2016-01-28
    ➕
    STANFORD, Henry Julian Aglionby appointed
    director
  34. 2016-01-28
    ➖
    RUEDIG, Christoph Oliver resigned
    director
  35. 2014-06-25
    🔒
    Charge registered #5
    Lender: Worldpay (UK) Limited
  36. 2013-11-01
    ➖
    LONDON HEALTH AND FITNESS LIMITED resigned
    corporate-director
  37. 2013-10-24
    ➕
    GUMM, Paul David appointed
    director
  38. 2013-09-16
    ➕
    LEBOFF, Rob Julian Daniel appointed
    director
  39. 2013-09-06
    ➖
    GUDGIN, David resigned
    director
  40. 2013-09-06
    ➕
    RUEDIG, Christoph Oliver appointed
    director
  41. 2012-08-09
    ➕
    GILLIS, Neil Duncan appointed
    director
  42. 2012-05-31
    ➖
    WILKINSON, Linda Gay resigned
    director
  43. 2010-08-02
    ➖
    GIGOV, Emil Slavchev resigned
    director
  44. 2010-08-02
    ➕
    GUDGIN, David appointed
    director
  45. 2010-08-02
    ➕
    LONDON HEALTH AND FITNESS LIMITED appointed
    corporate-director
  46. 2010-06-29
    ➖
    WATSON, Huw Spencer resigned
    secretary
  47. 2010-06-29
    ➖
    VAN LANSCHOT HUBRECHT, Jean Henri resigned
    director
  48. 2010-06-29
    ➖
    WATSON, Huw Spencer resigned
    director
  49. 2009-10-06
    ➕
    WILKINSON, Linda Gay appointed
    director
  50. 2008-11-21
    🔒
    Charge registered #4
    Lender: Close Brothers Protected Vct PLC (The Security Trustee)
Showing most recent 50 of 64 events

Owner dependency

66/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Senior director age: Director aged approximately 61 — approaching natural succession window.

Succession & seller-readiness

61/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 61. Early succession window.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondaryStable-but-static management: Company is 25 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
high

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

Evidence: Dissolved on 2021-12-20

5 insolvency-related filings on record
high

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

Evidence: 2021-12-20: gazette-dissolved-liquidation; 2021-09-20: liquidation-voluntary-members-return-of-final-meeting

Group structure

2 corporate shareholders identified. Group structure is distributed.

🏛️
Albion Ventures Limited
Corporate parent · holds 25-50% shares
significant stake
🏛️
Albion Capital Group Llp
Corporate parent
⬇
TWCL LIMITED
This company · 04274466

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Albion Ventures Limited
Corporate entity
25–50%
25–50%25-50% shares · 25-50% voting15/12/2017
Albion Capital Group Llp
Corporate entity
——sig. influencesignificant influence06/04/2016
2 historic (ceased) PSCs
  • Albion Technology & General Vct Plcceased 08/06/2020· 25-50% shares · 25-50% voting
  • Mr William James Peakerceased 15/12/2017· 25-50% shares · 25-50% voting

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.

See pricing →

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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
Incorporated2001-08-21
Jurisdictionengland-wales
Primary SIC64303 — Activities of venture and development capital companies

Registered office

Pearl Assurance House
319 Ballards Lane
London
N12 8LY

Filing status

Accounts
Next due: —
Last made up to: 2018-12-31
Confirmation statement
Next due: —
Last: —

Officers (0 active · 16 resigned)

LASCELLES, Edward William Anthony→
director · ~51y · appointed 2019-03-26
View their other companies + combined net worth →
Active
STANFORD, Henry Julian Aglionby→
director · ~61y · appointed 2016-01-28
View their other companies + combined net worth →
Active
WATSON, Huw Spencer→
secretary · appointed 2001-08-21 · resigned 2010-06-29
Resigned
SWIFT INCORPORATIONS LIMITED→
corporate-nominee-secretary · appointed 2001-08-21 · resigned 2001-08-21
Resigned
BRIDLE, Matt→
director · ~50y · appointed 2016-06-10 · resigned 2017-06-07
Resigned
GIGOV, Emil Slavchev→
director · ~56y · appointed 2005-04-05 · resigned 2010-08-02
Resigned
GILLIS, Neil Duncan→
director · ~61y · appointed 2012-08-09 · resigned 2016-06-10
Resigned
GUDGIN, David→
director · ~54y · appointed 2010-08-02 · resigned 2013-09-06
Resigned
GUMM, Paul David→
director · ~57y · appointed 2013-10-24 · resigned 2016-03-08
Resigned
LEBOFF, Rob Julian Daniel→
director · ~56y · appointed 2013-09-16 · resigned 2016-06-10
Resigned
RUEDIG, Christoph Oliver→
director · ~50y · appointed 2013-09-06 · resigned 2016-01-28
Resigned
TERNOFSKY, Fritz→
director · ~83y · appointed 2016-07-19 · resigned 2017-09-26
Resigned
VAN LANSCHOT HUBRECHT, Jean Henri→
director · ~80y · appointed 2006-01-11 · resigned 2010-06-29
Resigned
WATSON, Huw Spencer→
director · ~68y · appointed 2001-08-21 · resigned 2010-06-29
Resigned
WATSON, Nicola Mary→
director · ~63y · appointed 2001-08-21 · resigned 2005-04-05
Resigned
WILKINSON, Linda Gay→
director · ~72y · appointed 2009-10-06 · resigned 2012-05-31
Resigned
INSTANT COMPANIES LIMITED→
corporate-nominee-director · appointed 2001-08-21 · resigned 2001-08-21
Resigned
LONDON HEALTH AND FITNESS LIMITED→
corporate-director · appointed 2010-08-02 · resigned 2013-11-01
Resigned

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

Mortgages & charges

5
Total charges
4
Outstanding
1
Active lenders
Status:Lender:5 of 5 shown
TypeProperties
satisfied
Worldpay (UK)
Worldpay (UK) Limited
A registered charge1 property25/06/201430/05/2017
part-satisfied
Close Brothers
Close Brothers Protected Vct PLC (The Security Trustee)
Trust debenture1 property21/11/2008—
part-satisfied
Close Brothers
Close Brothers Protected Vct PLC (The Security Trustee)
Trust debenture1 property13/04/2007—
part-satisfied
Close Brothers
Close Brothers Protected Vct PLC
Supplemental debenture1 property08/07/2005—
part-satisfied
Close Brothers
Close Brothers Protected Vct PLC (The Security Trustee)
Trust debenture1 property05/04/2005—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (144 total)

gazette-dissolved-liquidation
gazette · GAZ2
2021-12-20
liquidation-voluntary-members-return-of-final-meeting
insolvency · LIQ13
2021-09-20
liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date
insolvency · LIQ03
2021-09-10
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2020-08-24
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2020-08-24
resolution
resolution · RESOLUTIONS
2020-08-20
liquidation-voluntary-declaration-of-solvency
insolvency · LIQ01
2020-08-17
liquidation-voluntary-appointment-of-liquidator
insolvency · 600
2020-08-17
confirmation-statement-with-updates
confirmation-statement · CS01
2020-07-31
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2020-07-31
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-09-27
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2019-07-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-06-04
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2019-06-03
appoint-person-director-company-with-name-date
officers · AP01
2019-03-26