MEGA SECURITIES LIMITED

⚰️Wound downdissolved

04491322 · ltd · incorporated 2002-07-22

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

—

year to Jul 2024

Net worth

£1.0k

book net assets

Opportunity

63/100

Worth a look

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What this business does

Primary activity: Financial intermediation not elsewhere classified

Sector: Financial & insurance

Investor take

Special-situation opportunity

Distressed financial-services with salvageable qualities — special-situations priority.

Opportunity 63/100 (worth a look), bankability 70/100. Strong seller-intent signal (78/100, director aged 70). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -85% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: strategic trade sale (73/100).

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

2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed

Lenders & charges

Confirmed no charges registered

Directors & officers

5 officers (3 active, 5 linked, 2 with DOB)

Ownership & PSC

2 active PSC(s) of 2 total, 2 with control declared

Director network

Network not yet resolved

Filing history

57 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

63/100Worth a look

PassWatchWorth a lookStrongExceptional

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

Business quality

Concerning — overdue filings or status flags present.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Some moderate concerns — review flags.

Signal strength

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared

Positive net assets

Net assets £1,000

Net assets shrinking

Down £54,262 YoY

Cash draining

Cash down 85% YoY

Cash YoY

-85%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£18k

↓ 85% YoY

Net Worth

£1k

↓ 98% YoY

Current Assets

£21k

↓ 84% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2024-07-31	2023-07-31
Total assets	£1.0k	£55.3k
Current assets	£20.8k	£127.9k
Cash	£18.4k	£123.7k
Debtors	£2.5k	£4.2k
Net assets	£1.0k	£55.3k

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

🔒Filing-note intelligence

1 signal 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

filing

• 1 gazette

Last 90 days

filing

• 1 gazette

Last 180 days

filings

• 2 gazette
• 1 dissolution

Counts from Companies House filing history.

Corporate timeline (24 events)Click to expand

2026-07-07
📄
gazette-dissolved-voluntary
gazette · GAZ2(A)
2026-07-07
🏁
Company dissolved
2026-04-07
📄
gazette-notice-voluntary
gazette · GAZ1(A)
2026-03-25
📄
dissolution-application-strike-off-company
dissolution · DS01
2025-04-25
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-04-26
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-04-28
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-04-29
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-04-30
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-04-22
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-04-30
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2018-04-30
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2017-04-28
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2016-04-28
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2015-08-14
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2015-04-29
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2005-07-01
➕
MILLICHAP, Clare appointed
director
2002-07-22
🏢
Company incorporated
As MEGA SECURITIES LIMITED
2002-07-22
➕
MILLICHAP, Clare appointed
secretary
2002-07-22
➕
MILLICHAP, Gerard Neil appointed
director
2002-07-22
➕
TEMPLE SECRETARIES LIMITED appointed
corporate-nominee-secretary
2002-07-22
➖
TEMPLE SECRETARIES LIMITED resigned
corporate-nominee-secretary
2002-07-22
➕
COMPANY DIRECTORS LIMITED appointed
corporate-nominee-director
2002-07-22
➖
COMPANY DIRECTORS LIMITED resigned
corporate-nominee-director

Owner dependency

91/100

Critical — business is the founder

The 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 24 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 70 — succession pressure is live.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

96/100

Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS

primaryFounder aged 70+: Senior director is approximately 70 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

1 high ·

Company dissolved

high

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

Evidence: Dissolved on 2026-07-07

Shareholders & ownership

2 active beneficial owners

Name	Shares	Voting rights	Nature of control	Notified
Mr Gerard Neil Millichap Individual · British · DOB 03/1956 · age 70	50–75%	—	50-75% shares	06/04/2016
Mrs Clare Millichap Individual · British · DOB 03/1963 · age 63	25–50%	—	25-50% shares	06/04/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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Peers ranked by estimated value, then turnover, then opportunity score.See all →

🔒Tailored diligence questions

8 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

Incorporated2002-07-22

Jurisdictionengland-wales

Primary SIC64999 — Financial intermediation not elsewhere classified

Registered office

Abbey House, 51 High Street

Saffron Walden

Essex

CB10 1AF

Filing status

Accounts

Next due: —

Last made up to: 2024-07-31

Confirmation statement

Next due: —

Last: 2025-07-21

Officers (0 active · 2 resigned)

MILLICHAP, Clare→

secretary · appointed 2002-07-22

View their other companies + combined net worth →

Active

MILLICHAP, Clare→

director · ~63y · appointed 2005-07-01

View their other companies + combined net worth →

Active

MILLICHAP, Gerard Neil→

director · ~70y · appointed 2002-07-22

View their other companies + combined net worth →

Active

TEMPLE SECRETARIES LIMITED→

corporate-nominee-secretary · appointed 2002-07-22 · resigned 2002-07-22

Resigned

COMPANY DIRECTORS LIMITED→

corporate-nominee-director · appointed 2002-07-22 · resigned 2002-07-22

Resigned

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

Recent filings (57 total)

gazette-dissolved-voluntary

gazette · GAZ2(A)

2026-07-07

gazette-notice-voluntary

gazette · GAZ1(A)

2026-04-07

dissolution-application-strike-off-company

dissolution · DS01

2026-03-25