PANACEA FINANCE LIMITED

⚰️Wound downdissolved
04307838 · ltd · incorporated 2001-10-19
Investment thesis
Company dissolved — 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
54/100
Worth a look
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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 54/100 (worth a look), bankability 62/100. Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

4 live charges · 4 lenders · oldest 23.5y

35/100
too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

  • · Oldest live charge is 23.5 years old — likely at or near maturity.
  • · 4 lenders named — inter-creditor friction likely.
  • · Legal-friction score 30/100 — workable, but lender will want more DD.

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
17 officers (2 active, 17 linked, 12 with DOB)
84
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
113 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
54/100Worth a look
PassWatchWorth a lookStrongExceptional 

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality
30
Concerning — overdue filings or status flags present.
Acquirability
50
Some acquirability indicators.
Risk profile
59
Some moderate concerns — review flags.
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 (63 events)Click to expand
  1. 2019-06-04
    📄
    gazette-dissolved-voluntary
    gazette · GAZ2(A)
  2. 2019-06-04
    🏁
    Company dissolved
  3. 2019-03-19
    📄
    gazette-notice-voluntary
    gazette · GAZ1(A)
  4. 2019-03-08
    📄
    dissolution-application-strike-off-company
    dissolution · DS01
  5. 2018-12-31
    ➖
    CLIFF, Mark resigned
    director
  6. 2018-12-31
    ➖
    SWEENEY, David Keith resigned
    director
  7. 2018-12-31
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  8. 2018-12-31
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  9. 2018-10-31
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  10. 2018-10-31
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  11. 2018-10-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2018-10-16
    📄
    restoration-order-of-court
    restoration · AC92
  13. 2018-03-06
    📄
    gazette-dissolved-voluntary
    gazette · GAZ2(A)
  14. 2017-12-19
    📄
    gazette-notice-voluntary
    gazette · GAZ1(A)
  15. 2017-12-07
    📄
    dissolution-application-strike-off-company
    dissolution · DS01
  16. 2017-09-27
    📄
    accounts-with-accounts-type-full
    accounts · AA
  17. 2017-01-10
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  18. 2016-12-31
    ➖
    FAIRHURST, James Richard resigned
    director
  19. 2016-08-30
    📄
    accounts-with-accounts-type-full
    accounts · AA
  20. 2016-08-12
    📄
    change-person-director-company-with-change-date
    officers · CH01
  21. 2016-05-24
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  22. 2016-05-10
    ➕
    BENCE, Russell James appointed
    director
  23. 2016-03-02
    📄
    change-person-director-company-with-change-date
    officers · CH01
  24. 2016-02-24
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  25. 2016-02-16
    ➕
    SWEENEY, David Keith appointed
    director
  26. 2016-01-28
    📄
    change-person-director-company-with-change-date
    officers · CH01
  27. 2016-01-28
    📄
    change-person-director-company-with-change-date
    officers · CH01
  28. 2016-01-27
    ➖
    O'CONNOR, Desmond Joseph resigned
    director
  29. 2016-01-22
    ➖
    JOHNSTON, Graham Hamilton resigned
    secretary
  30. 2015-12-22
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  31. 2015-10-01
    ➕
    CLIFF, Mark appointed
    director
  32. 2015-10-01
    ➕
    FAIRHURST, James Richard appointed
    director
  33. 2015-09-11
    ➖
    WALLIN, Andrew David resigned
    director
  34. 2015-02-24
    ➕
    O'CONNOR, Desmond Joseph appointed
    director
  35. 2015-01-08
    ➕
    WALLIN, Andrew David appointed
    director
  36. 2014-12-31
    ➖
    WILLIAMS, Paul Michael, Mr. resigned
    director
  37. 2014-12-02
    🔓
    Charge satisfied #3
  38. 2014-11-05
    ➖
    CHASE GARDENER, Paul Simon resigned
    director
  39. 2014-08-22
    🔒
    Charge registered #4
    Lender: Lloyds Bank PLC ( as Security Agent for the Beneficiaries)
  40. 2014-08-04
    ➕
    WILLIAMS, Paul Michael, Mr. appointed
    director
  41. 2014-07-21
    ➕
    SUTHERLAND, Ian Ronald appointed
    director
  42. 2014-07-21
    ➕
    JOHNSTON, Graham Hamilton appointed
    secretary
  43. 2014-06-16
    ➖
    HERRMANN, David resigned
    secretary
  44. 2013-12-31
    ➖
    HOLMAN, Martyn John resigned
    director
  45. 2013-05-01
    ➖
    GANNON, John William resigned
    director
  46. 2013-03-25
    ➕
    HOLMAN, Martyn John appointed
    director
  47. 2010-08-17
    🔓
    Charge satisfied #2
  48. 2010-08-05
    🔒
    Charge registered #3
    Lender: Clydesdale Bank Public Limited Company
  49. 2009-06-01
    ➕
    HERRMANN, David appointed
    secretary
  50. 2009-06-01
    ➖
    JORDAN COMPANY SECRETARIES LIMITED resigned
    corporate-nominee-secretary
Showing most recent 50 of 63 events

Owner dependency

58/100
Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.

Succession & seller-readiness

51/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • 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

1 high · 1 med ·
Company dissolved
high

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

Evidence: Dissolved on 2019-06-04

Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Group structure

2 corporate shareholders identified. Group structure is distributed.

🏛️
Anacap Financial Partners Llp
Corporate parent
🏛️
Brightside Group Limited
Corporate parent · holds 75-100% shares
ultimate parent
⬇
PANACEA FINANCE LIMITED
This company · 04307838

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

Shareholders & ownership

2 active beneficial owners · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Brightside Group Limited
Corporate entity
75–100%
75–100%75-100% shares · 75-100% voting · firm interest06/04/2016
Anacap Financial Partners Llp
Corporate entity
——sig. influencesignificant influence06/04/2016

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.

See pricing →

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

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 →
🔒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
Incorporated2001-10-19
Jurisdictionengland-wales
Primary SIC99999 — SIC 99999

Registered office

Brightside Park Severn Bridge
Aust
Bristol
BS35 4BL

Filing status

Accounts
Next due: —
Last made up to: 2017-12-31
Confirmation statement
Next due: —
Last: —

Officers (0 active · 15 resigned)

BENCE, Russell James→
director · ~53y · appointed 2016-05-10
View their other companies + combined net worth →
Active
SUTHERLAND, Ian Ronald→
director · ~56y · appointed 2014-07-21
View their other companies + combined net worth →
Active
HERRMANN, David→
secretary · appointed 2009-06-01 · resigned 2014-06-16
Resigned
JOHNSTON, Graham Hamilton→
secretary · appointed 2014-07-21 · resigned 2016-01-22
Resigned
BRISTOL LEGAL SERVICES LIMITED→
corporate-nominee-secretary · appointed 2001-10-19 · resigned 2001-10-19
Resigned
HUMPHREYS & CO→
corporate-secretary · appointed 2001-10-19 · resigned 2002-07-12
Resigned
JORDAN COMPANY SECRETARIES LIMITED→
corporate-nominee-secretary · appointed 2002-07-12 · resigned 2009-06-01
Resigned
BANKS, Arron Fraser Andrew→
director · ~60y · appointed 2001-10-19 · resigned 2005-09-28
Resigned
CHASE GARDENER, Paul Simon→
director · ~72y · appointed 2002-07-12 · resigned 2014-11-05
Resigned
CLIFF, Mark→
director · ~65y · appointed 2015-10-01 · resigned 2018-12-31
Resigned
FAIRHURST, James Richard→
director · ~52y · appointed 2015-10-01 · resigned 2016-12-31
Resigned
GANNON, John William→
director · ~64y · appointed 2003-04-02 · resigned 2013-05-01
Resigned
HOLMAN, Martyn John→
director · ~66y · appointed 2013-03-25 · resigned 2013-12-31
Resigned
O'CONNOR, Desmond Joseph→
director · ~55y · appointed 2015-02-24 · resigned 2016-01-27
Resigned
SWEENEY, David Keith→
director · ~68y · appointed 2016-02-16 · resigned 2018-12-31
Resigned
WALLIN, Andrew David→
director · ~49y · appointed 2015-01-08 · resigned 2015-09-11
Resigned
WILLIAMS, Paul Michael, Mr.→
director · ~58y · appointed 2014-08-04 · resigned 2014-12-31
Resigned

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

Mortgages & charges

4
Total charges
1
Outstanding
1
Active lenders
Status:Lender:4 of 4 shown
TypeProperties
outstanding
Lloyds Banking Group
Lloyds Bank PLC ( as Security Agent for the Beneficiaries)
A registered charge—22/08/2014—
satisfied
Virgin Money
Clydesdale Bank Public Limited Company
Debenture1 property05/08/201002/12/2014
satisfied
National Westminster Bank
National Westminster Bank PLC
Debenture1 property07/04/200417/08/2010
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Debenture1 property18/11/200210/12/2004
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (113 total)

gazette-dissolved-voluntary
gazette · GAZ2(A)
2019-06-04
gazette-notice-voluntary
gazette · GAZ1(A)
2019-03-19
dissolution-application-strike-off-company
dissolution · DS01
2019-03-08
termination-director-company-with-name-termination-date
officers · TM01
2018-12-31
termination-director-company-with-name-termination-date
officers · TM01
2018-12-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2018-12-12
termination-director-company-with-name-termination-date
officers · TM01
2018-10-31
termination-secretary-company-with-name-termination-date
officers · TM02
2018-10-31
accounts-with-accounts-type-micro-entity
accounts · AA
2018-10-31
restoration-order-of-court
restoration · AC92
2018-10-16
gazette-dissolved-voluntary
gazette · GAZ2(A)
2018-03-06
gazette-notice-voluntary
gazette · GAZ1(A)
2017-12-19
confirmation-statement-with-updates
confirmation-statement · CS01
2017-12-13
dissolution-application-strike-off-company
dissolution · DS01
2017-12-07
accounts-with-accounts-type-full
accounts · AA
2017-09-27