EQUATION LIMITED
⚰️Wound downdissolved
05215901 · ltd · incorporated 2004-08-26
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 11.2y 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: Other professional, scientific and technical activities n.e.c.
Sector: Professional, scientific & technical
Investor take
Pass (distressed without resilience)Distressed unclear — structural issues outweigh the discount.
Opportunity 50/100 (worth a look), bankability 55/100. Strong seller-intent signal (63/100, director aged 70). 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 (58/100). Current lenders should be on monthly review.
🏦
Refinance opportunity
1 live charge · oldest 11.2y
65/100
clean up first
Refinance viable after a tidy-up — address the highlighted items first.
- · Oldest live charge is 11.2 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Legal-friction score 35/100 — workable, but lender will want more DD.
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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
5 officers (1 active, 5 linked, 2 with DOB)
78
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
6 connected companies via shared directors
63
Filing history
52 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
70
Strong succession / seller-readiness signals.
Risk profile
49
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 (37 events)Click to expand
- 2019-02-13⚠️gazette-dissolved-liquidationgazette · GAZ2
- 2019-02-13🏁Company dissolved
- 2018-11-13⚠️liquidation-voluntary-creditors-return-of-final-meetinginsolvency · LIQ14
- 2018-07-06⚠️liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-dateinsolvency · LIQ03
- 2017-05-24⚠️liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-dateinsolvency · 4.68
- 2016-03-30📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2016-03-29⚠️liquidation-voluntary-statement-of-affairs-with-form-attachedinsolvency · 4.20
- 2016-03-29⚠️liquidation-voluntary-appointment-of-liquidatorinsolvency · 600
- 2016-03-29📄resolutionresolution · RESOLUTIONS
- 2016-02-02📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2015-10-01📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2015-04-24📄resolutionresolution · RESOLUTIONS
- 2015-04-24📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2015-04-24📄termination-director-company-with-name-termination-dateofficers · TM01
- 2015-04-24📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2015-04-09📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2015-03-30➖DELANCEY LIMITED resignedcorporate-secretary
- 2015-03-30➖PORTMAN ADMINISTRATION 1 LIMITED resignedcorporate-director
- 2015-03-30🔒Charge registered #1Lender: Delancey Real Estate Asset Management Limited
- 2015-01-27📄change-person-director-company-with-change-dateofficers · CH01
- 2014-12-18📄accounts-with-accounts-type-dormantaccounts · AA
- 2014-09-19📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2014-08-07📄resolutionresolution · RESOLUTIONS
- 2014-08-07📄appoint-person-director-company-with-name-dateofficers · AP01
- 2014-08-07📄appoint-corporate-director-company-with-name-dateofficers · AP02
- 2014-08-07📄capital-name-of-class-of-sharescapital · SH08
- 2014-08-07📄termination-director-company-with-name-termination-dateofficers · TM01
- 2014-08-07📄capital-allotment-sharescapital · SH01
- 2014-05-29➕HOLLEY, Simon Charles appointeddirector
- 2014-05-29➖RITBLAT, James William Jeremy resigneddirector
- 2014-05-29➕PORTMAN ADMINISTRATION 1 LIMITED appointedcorporate-director
- 2013-10-11📄accounts-with-accounts-type-dormantaccounts · AA
- 2006-12-22➖JONES, Gary Stanley resignedsecretary
- 2006-12-22➕DELANCEY LIMITED appointedcorporate-secretary
- 2004-08-26🏢Company incorporatedAs EQUATION LIMITED
- 2004-08-26➕JONES, Gary Stanley appointedsecretary
- 2004-08-26➕RITBLAT, James William Jeremy appointeddirector
Owner dependency
90/100
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
- +Sole director: Only one active director — all governance concentrated on one person.
- +Founder age: Director aged approximately 70 — succession pressure is live.
Succession & seller-readiness
98/100
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 70 years old. Natural succession window is now.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- secondary12+ year tenure: Director in role 12 years.
- 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 dissolved
highCompany has been dissolved — it no longer legally exists. Any diligence here is historical only.
Evidence: Dissolved on 2019-02-13
6 insolvency-related filings on record
highFilings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2019-02-13: gazette-dissolved-liquidation; 2018-11-13: liquidation-voluntary-creditors-return-of-final-meeting
🔒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 · Professional services · N postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| ACCELERATED RETAILTECH GROWTH LTD→ 14920000 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| ACCELERON INVESTMENTS UK LIMITED→ 14502195 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| ACCENTICS LIMITED→ 05001174 · est 2003 · no financials extracted | — | — | — | — | 22y | — | — |
| ACCESS CONSULTING SPECIALISTS LTD→ 16251542 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| ACCESS INTERNATIONAL FINANCIAL SERVICES LTD→ 12226620 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| ACCOUNTABILITY LONDON LTD→ 05579459 · est 2005 · no financials extracted | — | — | — | — | 20y | — | — |
| ACCOUNTANCY 2000.COM LIMITED→ 03887378 · est 1999 · no financials extracted | — | — | — | — | 26y | — | — |
| ACCOUNTANCY SERVICES NP LTD→ 13942839 · est 2022 · no financials extracted | — | — | — | — | 4y | — | — |
| ACCOUNTANTS OF WORCESTER (AOW) LTD→ 11299654 · est 2018 · no financials extracted | — | — | — | — | 8y | — | — |
| ACCOUNTANTS SOLUTIONS LTD→ 09622421 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
| ACCOUNTAX ZONE LIMITED→ 11720700 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| ACCOUNTING ASSISTANCE LIMITED→ 16558560 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
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
Incorporated2004-08-26
Jurisdictionengland-wales
Primary SIC74909 — Other professional, scientific and technical activities n.e.c.
Registered office
Pearl Assurance House
319 Ballards Lane
London
N12 8LY
Filing status
Accounts
Next due: —
Last made up to: 2015-03-31
Confirmation statement
Next due: —
Last: —
Officers (0 active · 4 resigned)
HOLLEY, Simon Charles→
Activedirector · ~70y · appointed 2014-05-29
View their other companies + combined net worth →
JONES, Gary Stanley→
Resignedsecretary · appointed 2004-08-26 · resigned 2006-12-22
DELANCEY LIMITED→
Resignedcorporate-secretary · appointed 2006-12-22 · resigned 2015-03-30
RITBLAT, James William Jeremy→
Resigneddirector · ~59y · appointed 2004-08-26 · resigned 2014-05-29
PORTMAN ADMINISTRATION 1 LIMITED→
Resignedcorporate-director · appointed 2014-05-29 · resigned 2015-03-30
Click a director name to see their full track record across all companies.
Mortgages & charges
1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Delancey Real Estate Asset Management Delancey Real Estate Asset Management Limited | A registered charge | — | 30/03/2015 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (52 total)
gazette-dissolved-liquidation
gazette · GAZ2
2019-02-13
liquidation-voluntary-creditors-return-of-final-meeting
insolvency · LIQ14
2018-11-13
liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date
insolvency · LIQ03
2018-07-06
liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date
insolvency · 4.68
2017-05-24
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2016-03-30
liquidation-voluntary-statement-of-affairs-with-form-attached
insolvency · 4.20
2016-03-29
liquidation-voluntary-appointment-of-liquidator
insolvency · 600
2016-03-29
resolution
resolution · RESOLUTIONS
2016-03-29
accounts-with-accounts-type-total-exemption-small
accounts · AA
2016-02-02
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2015-10-01
resolution
resolution · RESOLUTIONS
2015-04-24
termination-secretary-company-with-name-termination-date
officers · TM02
2015-04-24
termination-director-company-with-name-termination-date
officers · TM01
2015-04-24
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2015-04-24
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2015-04-09