SECOND STEP LIMITED
⚰️Wound downdissolved
04590120 · ltd · incorporated 2002-11-14
Investment thesis
Company dissolved — not a live target.
Why interesting: Historical record only; useful for precedent research.
Why risky: Not transactable.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
- · Oldest live charge 22.2y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
50/100
Worth a look
What this business does
Primary activity: SIC 8531
Sector: Education
Investor take
Pass (distressed without resilience)Distressed unclear — structural issues outweigh the discount.
Opportunity 50/100 (worth a look), bankability 60/100. Strong seller-intent signal (88/100, director aged 86). 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: strategic trade sale (53/100). Current lenders should be on monthly review.
🏦
Refinance opportunity
6 live charges · 2 lenders · oldest 22.2y
50/100
clean up first
Refinance viable after a tidy-up — address the highlighted items first.
- · Oldest live charge is 22.2 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Legal-friction score 35/100 — workable, but lender will want more DD.
Data confidence
Overall: low (52/100)Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.
Company profile
address, 1 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
6 charges (6/6 with lender, 6/6 with type)
90
Directors & officers
9 officers (3 active, 9 linked, 5 with DOB)
81
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
20 connected companies via shared directors
90
Filing history
47 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
50/100Worth 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
80
Strong succession / seller-readiness signals.
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
0
filings
Counts from Companies House filing history.
Corporate timeline (54 events)Click to expand
- 2011-08-04⚠️gazette-dissolved-liquidationgazette · GAZ2
- 2011-08-04🏁Company dissolved
- 2011-05-04⚠️liquidation-voluntary-creditors-return-of-final-meetinginsolvency · 4.72
- 2011-03-15⚠️liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-dateinsolvency · 4.68
- 2010-09-10⚠️liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-dateinsolvency · 4.68
- 2009-09-11⚠️liquidation-voluntary-statement-of-affairs-with-form-attachedinsolvency · 4.20
- 2009-09-11📄resolutionresolution · RESOLUTIONS
- 2009-09-11⚠️liquidation-voluntary-appointment-of-liquidatorinsolvency · 600
- 2009-09-11📍legacyaddress · 287
- 2009-08-20⚠️liquidation-voluntary-statement-of-affairs-with-form-attachedinsolvency · 4.20
- 2009-08-20📄resolutionresolution · RESOLUTIONS
- 2009-08-19📍legacyaddress · 287
- 2009-08-12📍legacyaddress · 287
- 2009-05-18📄legacymortgage · 403a
- 2009-05-18📄legacymortgage · 403a
- 2009-05-18📄legacymortgage · 403a
- 2009-05-18📄legacymortgage · 403a
- 2009-05-18📄legacymortgage · 403a
- 2009-05-15🔓Charge satisfied #6
- 2009-05-15🔓Charge satisfied #5
- 2009-05-15🔓Charge satisfied #4
- 2009-05-15🔓Charge satisfied #2
- 2009-05-15🔓Charge satisfied #1
- 2008-11-26📄legacyannual-return · 363a
- 2008-11-26📄legacyofficers · 288a
- 2008-11-26📄legacyofficers · 288b
- 2008-03-13📄legacyannual-return · 363s
- 2008-02-15📄legacyaccounts · 225
- 2008-01-03📄legacyofficers · 288a
- 2008-01-03📄legacyofficers · 288a
- 2007-12-24➕PRICE, Gareth appointeddirector
- 2007-12-24➖PRICE, Jennifer resigneddirector
- 2007-12-20📍legacyaddress · 287
- 2007-11-30➕PRICE, Jennifer appointedsecretary
- 2007-11-30➕PRICE, Trevor appointeddirector
- 2007-11-30➖NEAVE, Nicola Mary resignedsecretary
- 2007-11-30➖NEAVE, Brian resigneddirector
- 2007-11-30➖NEAVE, Nicola Mary resigneddirector
- 2007-11-30➕PRICE, Jennifer appointeddirector
- 2006-02-18🔓Charge satisfied #3
- 2005-06-23🔒Charge registered #6Lender: Lloyds Tsb Bank PLC
- 2004-06-25🔒Charge registered #5Lender: The Governor and Company of the Bank of Scotland
- 2004-03-31🔒Charge registered #4Lender: The Governor and Company of the Bank of Scotland
- 2004-03-31🔒Charge registered #3Lender: The Governor and Company of the Bank of Scotland
- 2004-03-31🔒Charge registered #2Lender: The Governor and Company of the Bank of Scotland
- 2004-03-30🔒Charge registered #1Lender: The Governor and Company of the Bank of Scotland
- 2002-11-14🏢Company incorporatedAs SECOND STEP LIMITED
- 2002-11-14➕NEAVE, Nicola Mary appointedsecretary
- 2002-11-14➕SECRETARIAL APPOINTMENTS LIMITED appointedcorporate-nominee-secretary
- 2002-11-14➖SECRETARIAL APPOINTMENTS LIMITED resignedcorporate-nominee-secretary
Showing most recent 50 of 54 events
Owner dependency
91/100
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
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Long-tenure founder: Senior director has been in place 19 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 86 — succession pressure is live.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
89/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 86 years old. Natural succession window is now.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- secondary12+ year tenure: Director in role 19 years.
- 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 · 1 med ·Company dissolved
highCompany has been dissolved — it no longer legally exists. Any diligence here is historical only.
Evidence: Dissolved on 2011-08-04
7 insolvency-related filings on record
highFilings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2011-08-04: gazette-dissolved-liquidation; 2011-05-04: liquidation-voluntary-creditors-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.
🔒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 →Similar companies
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|---|---|---|---|---|---|---|---|
| A LITTLE SPARK OF LOVE CONSULTING LTD→ 16230021 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
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| AELT LIMITED→ 07963994 · est 2012 · no financials extracted | — | — | — | — | 14y | — | — |
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| AFG COLLECTIVE LTD→ 16780021 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| AFRICAN EXPLORERS LTD→ 15661363 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| AFRICAN GIFTED FOUNDATION→ 07061874 · est 2009 · no financials extracted | — | — | — | — | 16y | — | — |
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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
Incorporated2002-11-14
Jurisdictionengland-wales
Primary SIC8531 — SIC 8531
Registered office
GRANT THORNTON UK LLP
30 Finsbury Square
London
EC2P 2YU
Filing status
Accounts
Next due: —
Last made up to: 2006-11-30
Confirmation statement
Next due: —
Last: —
Officers (0 active · 6 resigned)
Active
PRICE, Gareth→
Activedirector · ~58y · appointed 2007-12-24
View their other companies + combined net worth →
PRICE, Trevor→
Activedirector · ~86y · appointed 2007-11-30
View their other companies + combined net worth →
NEAVE, Nicola Mary→
Resignedsecretary · appointed 2002-11-14 · resigned 2007-11-30
SECRETARIAL APPOINTMENTS LIMITED→
Resignedcorporate-nominee-secretary · appointed 2002-11-14 · resigned 2002-11-14
NEAVE, Brian→
Resigneddirector · ~58y · appointed 2002-11-14 · resigned 2007-11-30
NEAVE, Nicola Mary→
Resigneddirector · ~56y · appointed 2002-11-14 · resigned 2007-11-30
PRICE, Jennifer→
Resigneddirector · ~79y · appointed 2007-11-30 · resigned 2007-12-24
CORPORATE APPOINTMENTS LIMITED→
Resignedcorporate-nominee-director · appointed 2002-11-14 · resigned 2002-11-14
Click a director name to see their full track record across all companies.
Mortgages & charges
6
Total charges
0
Outstanding
0
Active lenders
Status:Lender:6 of 6 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Lloyds Banking Group Lloyds Tsb Bank PLC | Mortgage | 1 property | 23/06/2005 | 15/05/2009 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Legal charge | 1 property | 25/06/2004 | 15/05/2009 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Legal charge | 1 property | 31/03/2004 | 15/05/2009 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Legal charge | 1 property | 31/03/2004 | 18/02/2006 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Legal charge | 1 property | 31/03/2004 | 15/05/2009 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Debenture | 1 property | 30/03/2004 | 15/05/2009 |
Recent filings (47 total)
gazette-dissolved-liquidation
gazette · GAZ2
2011-08-04
liquidation-voluntary-creditors-return-of-final-meeting
insolvency · 4.72
2011-05-04
liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date
insolvency · 4.68
2011-03-15
liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date
insolvency · 4.68
2010-09-10
liquidation-voluntary-statement-of-affairs-with-form-attached
insolvency · 4.20
2009-09-11
resolution
resolution · RESOLUTIONS
2009-09-11
liquidation-voluntary-appointment-of-liquidator
insolvency · 600
2009-09-11
legacy
address · 287
2009-09-11
liquidation-voluntary-statement-of-affairs-with-form-attached
insolvency · 4.20
2009-08-20
resolution
resolution · RESOLUTIONS
2009-08-20
legacy
address · 287
2009-08-19
legacy
address · 287
2009-08-12
legacy
mortgage · 403a
2009-05-18
legacy
mortgage · 403a
2009-05-18
legacy
mortgage · 403a
2009-05-18