FIRMAC WEST LIMITED
- · Oldest live charge 21.7y old — refinance window within 12 months
Opportunity 65/100 (strong), bankability 70/100. Strong seller-intent signal (65/100, director aged 62). 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).
Refinance opportunity
4 live charges · 2 lenders · oldest 21.7y
Refinance viable after a tidy-up — address the highlighted items first.
- · Oldest live charge is 21.7 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Legal-friction score 25/100 — 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.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Recent activity
Corporate timeline (40 events)Click to expand
- 2010-05-25📄gazette-dissolved-compulsorygazette · GAZ2
- 2010-05-25🏁Company dissolved
- 2010-02-09📄gazette-notice-compulsorygazette · GAZ1
- 2009-06-23📍legacyaddress · 287
- 2009-05-05📄gazette-notice-compulsorygazette · GAZ1
- 2008-10-27📄legacyannual-return · 363a
- 2008-02-01📄accounts-with-accounts-type-smallaccounts · AA
- 2007-10-30📄legacyannual-return · 363a
- 2007-02-07📄accounts-with-accounts-type-smallaccounts · AA
- 2006-10-27📄legacyannual-return · 363a
- 2006-04-19📄legacymortgage · 403a
- 2006-04-19🔓Charge satisfied #1
- 2005-12-23📄legacymortgage · 395
- 2005-12-20📄legacymortgage · 395
- 2005-12-16🔒Charge registered #4Lender: National Westminster Bank PLC
- 2005-12-16🔒Charge registered #3Lender: National Westminster Bank PLC
- 2005-11-11📄legacyannual-return · 363a
- 2005-11-11📍legacyaddress · 287
- 2005-11-11📍legacyaddress · 353
- 2005-11-11📍legacyaddress · 190
- 2005-11-10📄legacyofficers · 288c
- 2005-11-03📍legacyaddress · 287
- 2005-10-07📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2005-08-24📄legacyofficers · 288a
- 2005-08-15➕ROGERS, Victoria Frances appointedsecretary
- 2004-10-25📄legacyannual-return · 363s
- 2004-10-25📄legacyannual-return · 363(288)
- 2004-10-25📄legacyannual-return · 363(353)
- 2004-09-23📄legacymortgage · 395
- 2004-09-23📄legacymortgage · 395
- 2004-09-14🔒Charge registered #2Lender: Investec Bank (UK) Limited
- 2004-09-14🔒Charge registered #1Lender: Investec Bank (UK) Limited
- 2003-11-04🏢Company incorporatedAs FIRMAC WEST LIMITED
- 2003-11-04➕MACDONALD, Angus Crawford appointedsecretary
- 2003-11-04➕FIRMSTONE, Francis Timothy appointeddirector
- 2003-11-04➕MACDONALD, Angus Crawford appointeddirector
- 2003-11-04➕SECRETARIAL APPOINTMENTS LIMITED appointedcorporate-nominee-secretary
- 2003-11-04➖SECRETARIAL APPOINTMENTS LIMITED resignedcorporate-nominee-secretary
- 2003-11-04➕CORPORATE APPOINTMENTS LIMITED appointedcorporate-nominee-director
- 2003-11-04➖CORPORATE APPOINTMENTS LIMITED resignedcorporate-nominee-director
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Long-tenure founder: Senior director has been in place 23 years — deep operational knowledge concentrated in one person.
- +Senior director age: Director aged approximately 62 — approaching natural succession window.
Succession & seller-readiness
Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
- secondaryFounder aged 58+: Senior director is approximately 62. Early succession window.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- 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
1 high ·Company has been dissolved — it no longer legally exists. Any diligence here is historical only.
Evidence: Dissolved on 2010-05-25
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
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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 →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 · 2 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | National Westminster Bank National Westminster Bank PLC | Legal charge | 1 property | 16/12/2005 | — | |
| outstanding | National Westminster Bank National Westminster Bank PLC | Debenture | 1 property | 16/12/2005 | — | |
| outstanding | Investec Bank (UK) Investec Bank (UK) Limited | Legal charge | 2 properties | 14/09/2004 | — | |
| satisfied | Investec Bank (UK) Investec Bank (UK) Limited | Debenture | 1 property | 14/09/2004 | 19/04/2006 |