WORLDSPREADS LIMITED
⚰️Wound downdissolved
04898762 · ltd · incorporated 2003-09-15
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
—
not disclosed
Net worth
—
book net assets
Opportunity
52/100
Worth a look
What this business does
Primary activity: SIC 6523
Sector: Financial & insurance
Investor take
Pass (distressed without resilience)Distressed unclear — structural issues outweigh the discount.
Opportunity 52/100 (worth a look), bankability 42/100. High owner-dependency — earn-out structure likely required for clean transition. Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: asset disposal / carve-out (45/100). Current lenders should be on monthly review.
🏦
Refinance opportunity
5 live charges · 4 lenders · oldest 22.2y
25/100
too messy
Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.
- · Oldest live charge is 22.2 years old — likely at or near maturity.
- · 4 lenders named — inter-creditor friction likely.
- · Legal-friction score 60/100 (high).
Data confidence
Overall: low (49/100)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
5 charges (5/5 with lender, 5/5 with type)
90
Directors & officers
24 officers (6 active, 24 linked, 16 with DOB)
83
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
5 connected companies via shared directors
60
Filing history
152 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
52/100Worth 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
85
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 (76 events)Click to expand
- 2017-07-18⚠️gazette-dissolved-liquidationgazette · GAZ2
- 2017-07-18🏁Company dissolved
- 2017-04-18⚠️liquidation-in-administration-move-to-dissolution-with-case-end-dateinsolvency · 2.35B
- 2016-11-24⚠️liquidation-in-administration-amended-certificate-of-constitution-creditors-committeeinsolvency · 2.26B
- 2016-10-26⚠️liquidation-in-administration-progress-report-with-brought-down-dateinsolvency · 2.24B
- 2016-04-26⚠️liquidation-in-administration-progress-report-with-brought-down-dateinsolvency · 2.24B
- 2016-03-24📄termination-director-company-with-name-termination-dateofficers · TM01
- 2016-03-15➖LANGHAM, Geoffrey John resigneddirector
- 2015-11-09⚠️liquidation-in-administration-vacation-of-officeinsolvency · 2.39B
- 2015-11-09⚠️liquidation-in-administration-appointment-of-replacement-additional-administratorinsolvency · 2.40B
- 2015-11-03⚠️liquidation-in-administration-progress-report-with-brought-down-dateinsolvency · 2.24B
- 2015-10-23⚠️liquidation-in-administration-progress-report-with-brought-down-dateinsolvency · 2.24B
- 2015-08-17⚠️liquidation-in-administration-amended-certificate-of-constitution-creditors-committeeinsolvency · 2.26B
- 2015-04-29⚠️liquidation-in-administration-progress-report-with-brought-down-dateinsolvency · 2.24B
- 2015-04-08📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2014-10-23⚠️liquidation-in-administration-progress-report-with-brought-down-dateinsolvency · 2.24B
- 2014-10-21⚠️liquidation-in-administration-amended-certificate-of-constitution-creditors-committeeinsolvency · 2.26B
- 2014-06-10⚠️liquidation-in-administration-amended-certificate-of-constitution-creditors-committeeinsolvency · 2.26B
- 2014-04-25⚠️liquidation-in-administration-progress-report-with-brought-down-dateinsolvency · 2.24B
- 2014-03-07⚠️liquidation-in-administration-amended-certificate-of-constitution-creditors-committeeinsolvency · 2.26B
- 2013-10-21⚠️liquidation-in-administration-progress-report-with-brought-down-dateinsolvency · 2.24B
- 2013-07-15⚠️liquidation-in-administration-amended-certificate-of-constitution-creditors-committeeinsolvency · 2.26B
- 2013-05-07⚠️liquidation-in-administration-amended-certificate-of-constitution-creditors-committeeinsolvency · 2.26B
- 2013-04-05⚠️liquidation-in-administration-progress-report-with-brought-down-dateinsolvency · 2.24B
- 2012-12-11⚠️liquidation-in-administration-amended-certificate-of-constitution-creditors-committeeinsolvency · 2.26B
- 2012-11-07⚠️liquidation-in-administration-amended-certificate-of-constitution-creditors-committeeinsolvency · 2.26B
- 2012-10-23➖QUAYSECO LIMITED resignedcorporate-secretary
- 2012-10-23📄termination-secretary-company-with-nameofficers · TM02
- 2012-03-20🔓Charge satisfied #3
- 2012-03-13➖FOLEY, Conor Martin resigneddirector
- 2012-02-21➖O'KELLY, Niall Stephen resigneddirector
- 2011-09-30➖O'LOAN, Michael Ian resigneddirector
- 2011-09-29➖FOLEY, Conor Martin resignedsecretary
- 2011-08-16➖GILGUNN, Philip resigneddirector
- 2011-08-16➖PALMER, Andrew John resigneddirector
- 2011-05-24➕QUAYSECO LIMITED appointedcorporate-secretary
- 2011-05-20➖THOMSON, Gary Michael resigneddirector
- 2011-04-18➕GILGUNN, Philip appointeddirector
- 2011-01-07➕WILLIAMS, Polly Ann appointeddirector
- 2010-07-16➕PALMER, Andrew John appointeddirector
- 2010-05-24➕FOLEY, Michael Joseph appointeddirector
- 2010-04-24➕O'LOAN, Michael Ian appointeddirector
- 2010-04-20➕THOMSON, Gary Michael appointeddirector
- 2010-02-08➕BACON, Dominic Clive appointedsecretary
- 2010-02-08➕BACON, Dominic Clive appointeddirector
- 2010-02-08➕HYNES, Roger Niall Alan appointeddirector
- 2010-02-08➖DUDENEY, David Nicholas resignedsecretary
- 2010-02-08➖DUDENEY, David Nicholas resigneddirector
- 2010-02-08➕LANGHAM, Geoffrey John appointeddirector
- 2009-12-22➖O'NEILL, Brian Andrew resigneddirector
Showing most recent 50 of 76 events
Owner dependency
65/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- -5 active directors: Broader management team in place — suggests transferable governance.
- +Long-tenure founder: Senior director has been in place 23 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 78 — succession pressure is live.
Succession & seller-readiness
90/100
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 78 years old. Natural succession window is now.
- primary20+ year tenure: Director in role 23 years. Very long tenure is a classic succession signal.
- 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
2 high · 1 med ·Company dissolved
highCompany has been dissolved — it no longer legally exists. Any diligence here is historical only.
Evidence: Dissolved on 2017-07-18
22 insolvency-related filings on record
highFilings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2017-07-18: gazette-dissolved-liquidation; 2017-04-18: liquidation-in-administration-move-to-dissolution-with-case-end-date
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
Active · Financial services · E postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| 258 CAPITAL LIMITED→ 16051762 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| ACO RENAISSANCE 1 LTD→ 13691839 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| ACR→ 00985677 · est 1970 · no financials extracted | — | — | — | — | 55y | — | — |
| ACREMASTER LIMITED→ 01220065 · est 1975 · no financials extracted | — | — | — | — | 50y | — | — |
| ADALO ASSET BACKED SECURITISATION LIMITED→ 15249884 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| ADELPHA CAPITAL LTD→ 10409699 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| AEGIS GLOBAL LEGAL & ARBITRATION LTD→ 16753310 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| AEONIC ANT LTD→ 13798981 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| AEQUOR INVESTMENTS LIMITED→ 07662889 · est 2011 · no financials extracted | — | — | — | — | 14y | — | — |
| AF GLOBAL INVESTMENTS LTD→ 11155589 · est 2018 · no financials extracted | — | — | — | — | 8y | — | — |
| AFRICA RISKS CONTROL LTD→ 16756456 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| AGELI LTD→ 12628981 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
11 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
Incorporated2003-09-15
Jurisdictionengland-wales
Primary SIC6523 — SIC 6523
Registered office
Kpmg Llp 15 Canada Square
Canary Wharf
London
E14 5GL
Filing status
Accounts
Next due: —
Last made up to: 2011-03-31
Confirmation statement
Next due: —
Last: —
Officers (0 active · 18 resigned)
BACON, Dominic Clive→
Activesecretary · appointed 2010-02-08
View their other companies + combined net worth →
BACON, Dominic Clive→
Activedirector · ~62y · appointed 2010-02-08
View their other companies + combined net worth →
FOLEY, Michael Joseph→
Activedirector · ~56y · appointed 2010-05-24
View their other companies + combined net worth →
HYNES, Roger Niall Alan→
Activedirector · ~53y · appointed 2010-02-08
View their other companies + combined net worth →
MCNEILE, Lindsay James→
Activedirector · ~78y · appointed 2003-09-15
View their other companies + combined net worth →
WILLIAMS, Polly Ann→
Activedirector · ~61y · appointed 2011-01-07
View their other companies + combined net worth →
DUDENEY, David Nicholas→
Resignedsecretary · appointed 2008-06-01 · resigned 2010-02-08
FOLEY, Conor Martin→
Resignedsecretary · appointed 2007-08-03 · resigned 2011-09-29
FOLEY, Conor Martin→
Resignedsecretary · appointed 2003-09-15 · resigned 2003-12-01
SACK, Larry→
Resignedsecretary · appointed 2003-11-14 · resigned 2007-08-03
QUAYSECO LIMITED→
Resignedcorporate-secretary · appointed 2011-05-24 · resigned 2012-10-23
SAME-DAY COMPANY SERVICES LIMITED→
Resignedcorporate-nominee-secretary · appointed 2003-09-15 · resigned 2003-09-15
DUDENEY, David Nicholas→
Resigneddirector · ~60y · appointed 2008-06-01 · resigned 2010-02-08
FOLEY, Conor Martin→
Resigneddirector · ~59y · appointed 2003-09-15 · resigned 2012-03-13
GILGUNN, Philip→
Resigneddirector · ~54y · appointed 2011-04-18 · resigned 2011-08-16
LANGHAM, Geoffrey John→
Resigneddirector · ~54y · appointed 2010-02-08 · resigned 2016-03-15
NATSIOPOULOS, Pangagiotis→
Resigneddirector · ~59y · appointed 2005-09-09 · resigned 2006-11-03
O'KELLY, Niall Stephen→
Resigneddirector · ~56y · appointed 2008-06-01 · resigned 2012-02-21
O'LOAN, Michael Ian→
Resigneddirector · ~66y · appointed 2010-04-24 · resigned 2011-09-30
O'NEILL, Brian Andrew→
Resigneddirector · ~61y · appointed 2008-06-01 · resigned 2009-12-22
Click a director name to see their full track record across all companies.
Mortgages & charges
5
Total charges
3
Outstanding
3
Active lenders
Status:Lender:5 of 5 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Great Capital Partnership (G.P.) and Great Capital Property Great Capital Partnership (G.P.) Limited and Great Capital Property Limited | Rent deposit deed | 1 property | 22/04/2009 | — | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | Debenture | 1 property | 10/06/2005 | — | |
| satisfied | Anglo Irish Bank Corporation Anglo Irish Bank Corporation PLC | Debenture | 1 property | 31/05/2005 | 20/03/2012 | |
| satisfied | Anglo Irish Bank Corporation Anglo Irish Bank Corporation PLC | Charge over deposit account | 1 property | 30/11/2004 | 14/11/2006 | |
| outstanding | C & C Properties 2021 C & C Properties 2021 Limited | Rent deposit deed | 1 property | 05/04/2004 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (152 total)
gazette-dissolved-liquidation
gazette · GAZ2
2017-07-18
liquidation-in-administration-move-to-dissolution-with-case-end-date
insolvency · 2.35B
2017-04-18
liquidation-in-administration-amended-certificate-of-constitution-creditors-committee
insolvency · 2.26B
2016-11-24
liquidation-in-administration-progress-report-with-brought-down-date
insolvency · 2.24B
2016-10-26
liquidation-in-administration-progress-report-with-brought-down-date
insolvency · 2.24B
2016-04-26
termination-director-company-with-name-termination-date
officers · TM01
2016-03-24
liquidation-in-administration-vacation-of-office
insolvency · 2.39B
2015-11-09
liquidation-in-administration-appointment-of-replacement-additional-administrator
insolvency · 2.40B
2015-11-09
liquidation-in-administration-progress-report-with-brought-down-date
insolvency · 2.24B
2015-11-03
liquidation-in-administration-progress-report-with-brought-down-date
insolvency · 2.24B
2015-10-23
liquidation-in-administration-amended-certificate-of-constitution-creditors-committee
insolvency · 2.26B
2015-08-17
liquidation-in-administration-progress-report-with-brought-down-date
insolvency · 2.24B
2015-04-29
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2015-04-08
liquidation-in-administration-progress-report-with-brought-down-date
insolvency · 2.24B
2014-10-23
liquidation-in-administration-amended-certificate-of-constitution-creditors-committee
insolvency · 2.26B
2014-10-21