PROACTIVE PROCUREMENT LTD.
Opportunity 48/100 (watch), bankability 50/100. High owner-dependency — earn-out structure likely required for clean transition. 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 (43/100). Current lenders should be on monthly review.
Refinance opportunity
2 live charges · 2 lenders · oldest 20.3y
Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.
- · Oldest live charge is 20.3 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Legal-friction score 45/100 (high).
Data confidence
Overall: low (50/100)Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.
Not actionable now, but monitor — distressed, succession, or structural changes could flip this into a real opportunity.
Recent activity
Corporate timeline (39 events)Click to expand
- 2010-05-23⚠️gazette-dissolved-liquidationgazette · GAZ2
- 2010-05-23🏁Company dissolved
- 2010-02-24⚠️liquidation-in-administration-end-of-administrationinsolvency · 2.32B
- 2010-02-23⚠️liquidation-in-administration-move-to-dissolution-with-case-end-dateinsolvency · 2.35B
- 2009-08-11⚠️liquidation-in-administration-extension-of-periodinsolvency · 2.31B
- 2009-07-29📄legacyofficers · 288b
- 2009-07-01➖COOPER, Adrian resigneddirector
- 2009-03-26⚠️liquidation-in-administration-progress-report-with-brought-down-dateinsolvency · 2.24B
- 2009-03-26⚠️liquidation-in-administration-progress-report-with-brought-down-dateinsolvency · 2.24B
- 2008-11-12⚠️liquidation-in-administration-result-creditors-meetinginsolvency · 2.23B
- 2008-10-24⚠️liquidation-in-administration-proposalsinsolvency · 2.17B
- 2008-09-26⚠️liquidation-in-administration-statement-of-affairs-with-form-attachedinsolvency · 2.16B
- 2008-09-12📍legacyaddress · 287
- 2008-09-09⚠️liquidation-in-administration-appointment-of-administratorinsolvency · 2.12B
- 2008-09-02📍legacyaddress · 287
- 2008-08-06📄legacymortgage · 395
- 2008-08-04🔒Charge registered #2Lender: Bibby Financial Services Limited
- 2008-05-14📄legacyannual-return · 363a
- 2008-03-12📄legacyofficers · 288a
- 2008-02-27📄legacyofficers · 288b
- 2008-01-24➕GRAY, Peter appointedsecretary
- 2008-01-24➖GRAY, Louise Joanne resignedsecretary
- 2007-06-19📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2006-10-20📄legacyannual-return · 363a
- 2006-08-31📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2006-08-18📍legacyaddress · 287
- 2006-08-18📄legacyaccounts · 225
- 2006-05-24📄legacyofficers · 288a
- 2006-04-27➕COOPER, Adrian appointeddirector
- 2006-03-08📄legacymortgage · 395
- 2006-03-01📄resolutionresolution · RESOLUTIONS
- 2006-02-20🔒Charge registered #1Lender: Lloyds Tsb Commercial Finance Limited
- 2005-08-09➕GRAY, Peter William appointeddirector
- 2005-08-09➕GRAY, Louise Joanne appointedsecretary
- 2005-08-09➖HAY & KILNER SECRETARIES LIMITED resignedcorporate-secretary
- 2005-08-09➖HAY & KILNER DIRECTORS LIMITED resignedcorporate-director
- 2004-07-29🏢Company incorporatedAs PROACTIVE PROCUREMENT LTD.
- 2004-07-29➕HAY & KILNER SECRETARIES LIMITED appointedcorporate-secretary
- 2004-07-29➕HAY & KILNER DIRECTORS LIMITED appointedcorporate-director
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Sole director: Only one active director — all governance concentrated on one person.
- +Long-tenure founder: Senior director has been in place 21 years — deep operational knowledge concentrated in one person.
Succession & seller-readiness
Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- primary20+ year tenure: Director in role 21 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 22 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 ·Company has been dissolved — it no longer legally exists. Any diligence here is historical only.
Evidence: Dissolved on 2010-05-23
Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2010-05-23: gazette-dissolved-liquidation; 2010-02-24: liquidation-in-administration-end-of-administration
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Available from the Pro tier upwards.
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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 →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 · 4 resigned)
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Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Bibby Financial Services Bibby Financial Services Limited | Debenture | 1 property | 04/08/2008 | — | |
| outstanding | Lloyds Banking Group Lloyds Tsb Commercial Finance Limited | All assets debenture | 1 property | 20/02/2006 | — |