PARTY PLANET (LINCS) LIMITED

⚰️Wound downdissolved
04707151 · ltd · incorporated 2003-03-21
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
—
year to Mar 2020
Net worth
£2
book net assets
Opportunity
61/100
Worth a look
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What this business does
Primary activity: Other retail sale of new goods in specialised stores (other than commercial art galleries and opticians)
Sector: Wholesale & retail
Investor take
Special-situation opportunity
Distressed retail with salvageable qualities — special-situations priority.

Opportunity 61/100 (worth a look), bankability 70/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. 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 (65/100).

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
75
Lenders & charges
Confirmed no charges registered
85
Directors & officers
7 officers (3 active, 7 linked, 4 with DOB)
81
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
53 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
61/100Worth 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
75
Strong succession / seller-readiness signals.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £2

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£2
~ YoY
Current Assets
—
Current Liabilities
—
£0£0£1£1£2£2Mar 2019Mar 2020

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2020-03-312019-03-31
Total assets£2£2
Debtors£2£2
Net assets£2£2

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
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (33 events)Click to expand
  1. 2021-08-03
    📄
    gazette-dissolved-voluntary
    gazette · GAZ2(A)
  2. 2021-08-03
    🏁
    Company dissolved
  3. 2021-05-18
    📄
    gazette-notice-voluntary
    gazette · GAZ1(A)
  4. 2021-05-05
    📄
    dissolution-application-strike-off-company
    dissolution · DS01
  5. 2020-04-01
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  6. 2019-07-30
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  7. 2018-05-28
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  8. 2017-04-12
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  9. 2016-04-12
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  10. 2016-04-11
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  11. 2015-04-14
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  12. 2015-03-27
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  13. 2015-03-27
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  14. 2014-05-23
    📄
    appoint-person-director-company-with-name
    officers · AP01
  15. 2014-05-23
    📄
    termination-secretary-company-with-name
    officers · TM02
  16. 2014-05-23
    📄
    termination-director-company-with-name
    officers · TM01
  17. 2014-05-23
    📄
    appoint-person-director-company-with-name
    officers · AP01
  18. 2014-05-23
    📄
    appoint-person-secretary-company-with-name
    officers · AP03
  19. 2014-05-23
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  20. 2014-05-12
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  21. 2014-05-07
    ➕
    BROCKLEBANK, Gail Adele appointed
    secretary
  22. 2014-05-07
    ➕
    BROCKLEBANK, Gail Adele appointed
    director
  23. 2014-05-07
    ➕
    BROCKLEBANK, Mark Peter appointed
    director
  24. 2014-05-07
    ➖
    WEST, Michelle resigned
    secretary
  25. 2014-05-07
    ➖
    WEST, Michelle resigned
    director
  26. 2014-03-31
    ➖
    WEST, Martin William resigned
    director
  27. 2013-05-07
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  28. 2003-03-25
    ➖
    CLARK, Stephen John resigned
    secretary
  29. 2003-03-25
    ➕
    WEST, Michelle appointed
    secretary
  30. 2003-03-21
    🏢
    Company incorporated
    As PARTY PLANET (LINCS) LIMITED
  31. 2003-03-21
    ➕
    CLARK, Stephen John appointed
    secretary
  32. 2003-03-21
    ➕
    WEST, Martin William appointed
    director
  33. 2003-03-21
    ➕
    WEST, Michelle appointed
    director

Owner dependency

74/100
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 64 — approaching natural succession window.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

79/100
Likely off-market candidate

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

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 64. Approaching typical UK retirement age — succession thinking likely.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondary12+ year tenure: Director in role 12 years.
  • secondaryStable-but-static management: Company is 23 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 2021-08-03

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mrs Gail Adele Brocklebank
Individual · British · DOB 10/1970 · age 56
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016
Mr Mark Peter Brocklebank
Individual · British · DOB 09/1962 · age 64
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016

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

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
Incorporated2003-03-21
Jurisdictionengland-wales
Primary SIC47789 — Other retail sale of new goods in specialised stores (other than commercial art galleries and opticians)

Registered office

Party Planet
Pelham Centre
Canwick Road
Lincoln
LN5 8HE

Filing status

Accounts
Next due: —
Last made up to: 2020-03-31
Confirmation statement
Next due: —
Last: —

Officers (0 active · 4 resigned)

BROCKLEBANK, Gail Adele→
secretary · appointed 2014-05-07
View their other companies + combined net worth →
Active
BROCKLEBANK, Gail Adele→
director · ~56y · appointed 2014-05-07
View their other companies + combined net worth →
Active
BROCKLEBANK, Mark Peter→
director · ~64y · appointed 2014-05-07
View their other companies + combined net worth →
Active
CLARK, Stephen John→
secretary · appointed 2003-03-21 · resigned 2003-03-25
Resigned
WEST, Michelle→
secretary · appointed 2003-03-25 · resigned 2014-05-07
Resigned
WEST, Martin William→
director · ~83y · appointed 2003-03-21 · resigned 2014-03-31
Resigned
WEST, Michelle→
director · ~74y · appointed 2003-03-21 · resigned 2014-05-07
Resigned

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

Recent filings (53 total)

gazette-dissolved-voluntary
gazette · GAZ2(A)
2021-08-03
gazette-notice-voluntary
gazette · GAZ1(A)
2021-05-18
dissolution-application-strike-off-company
dissolution · DS01
2021-05-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-04-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-04-01
accounts-with-accounts-type-dormant
accounts · AA
2020-04-01
accounts-with-accounts-type-dormant
accounts · AA
2019-07-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-04-05
accounts-with-accounts-type-dormant
accounts · AA
2018-05-28
confirmation-statement-with-updates
confirmation-statement · CS01
2018-04-05
accounts-with-accounts-type-dormant
accounts · AA
2017-04-12
confirmation-statement-with-updates
confirmation-statement · CS01
2017-03-31
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2016-04-12
accounts-with-accounts-type-dormant
accounts · AA
2016-04-11
accounts-with-accounts-type-dormant
accounts · AA
2015-04-14