LEITER MOTOR COMPANY LIMITED
- · Oldest live charge 22.4y old — refinance window within 12 months
Opportunity 53/100 (worth a look), bankability 55/100. Strong seller-intent signal (78/100, director aged 78). 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 22.4y
Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.
- · Oldest live charge is 22.4 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Legal-friction score 45/100 (high).
Data confidence
Overall: low (48/100)Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.
Mixed signal. Worth opening the full target workup before deciding to pursue.
Recent activity
Corporate timeline (37 events)Click to expand
- 2017-07-25⚠️gazette-dissolved-liquidationgazette · GAZ2
- 2017-07-25🏁Company dissolved
- 2017-04-25⚠️liquidation-voluntary-creditors-return-of-final-meetinginsolvency · 4.72
- 2017-03-09📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2016-05-03📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2016-04-29⚠️liquidation-voluntary-statement-of-affairs-with-form-attachedinsolvency · 4.20
- 2016-04-29⚠️liquidation-voluntary-appointment-of-liquidatorinsolvency · 600
- 2016-04-29📄resolutionresolution · RESOLUTIONS
- 2015-12-16📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2015-11-28📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2014-12-12📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2014-12-03📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2013-12-10📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2013-11-28📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2012-12-11📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2012-11-20📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2011-12-09📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2011-12-09📄change-person-director-company-with-change-dateofficers · CH01
- 2011-11-29📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2011-01-27📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2011-01-26📄appoint-person-secretary-company-with-nameofficers · AP03
- 2011-01-21📍change-registered-office-address-company-with-date-old-addressaddress · AD01
- 2011-01-19➕WELDON, Paul Frederick Edward appointedsecretary
- 2010-11-16📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2010-04-13📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2010-03-10📍change-registered-office-address-company-with-date-old-addressaddress · AD01
- 2010-03-10📄termination-secretary-company-with-nameofficers · TM02
- 2010-03-09➖TRETHOWANS SERVICES LIMITED resignedcorporate-secretary
- 2003-12-18🔒Charge registered #1Lender: Hsbc Bank PLC
- 2002-01-25➕PRING, Christopher Richard appointeddirector
- 2001-12-18➕WELDON, Paul Frederick Edward appointeddirector
- 2001-12-18➖SECRETARIAL APPOINTMENTS LIMITED resignedcorporate-nominee-secretary
- 2001-12-18➕TRETHOWANS SERVICES LIMITED appointedcorporate-secretary
- 2001-12-18➖CORPORATE APPOINTMENTS LIMITED resignedcorporate-nominee-director
- 2001-12-05🏢Company incorporatedAs LEITER MOTOR COMPANY LIMITED
- 2001-12-05➕SECRETARIAL APPOINTMENTS LIMITED appointedcorporate-nominee-secretary
- 2001-12-05➕CORPORATE APPOINTMENTS LIMITED appointedcorporate-nominee-director
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Long-tenure founder: Senior director has been in place 24 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 78 — succession pressure is live.
Succession & seller-readiness
Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
- primaryFounder aged 70+: Senior director is approximately 78 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 24 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 24 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 has been dissolved — it no longer legally exists. Any diligence here is historical only.
Evidence: Dissolved on 2017-07-25
Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2017-07-25: gazette-dissolved-liquidation; 2017-04-25: liquidation-voluntary-creditors-return-of-final-meeting
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Available from the Pro tier upwards.
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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 →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
Registered office
Filing status
Officers (0 active · 3 resigned)
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Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | HSBC Hsbc Bank PLC | Debenture | 1 property | 18/12/2003 | — |