THE MAGNETIC CONNECTION COMPANY LIMITED
- · Oldest live charge 19.6y old — refinance window within 12 months
Opportunity 54/100 (worth a look), bankability 55/100. Strong seller-intent signal (65/100, director aged 64). Asset purchase likely safer than share purchase given structural signals. 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 19.6y
Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.
- · Oldest live charge is 19.6 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Legal-friction score 45/100 (high).
Data confidence
Overall: low (51/100)Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.
Mixed signal. Worth opening the full target workup before deciding to pursue.
Recent activity
Corporate timeline (40 events)Click to expand
- 2013-12-18⚠️gazette-dissolved-liquidationgazette · GAZ2
- 2013-12-18🏁Company dissolved
- 2013-09-18⚠️liquidation-voluntary-creditors-return-of-final-meetinginsolvency · 4.72
- 2012-11-07⚠️liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-dateinsolvency · 4.68
- 2011-10-12📍change-registered-office-address-company-with-date-old-addressaddress · AD01
- 2011-10-12⚠️liquidation-voluntary-statement-of-affairs-with-form-attachedinsolvency · 4.20
- 2011-10-12⚠️liquidation-voluntary-appointment-of-liquidatorinsolvency · 600
- 2011-10-12📄resolutionresolution · RESOLUTIONS
- 2011-06-30📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2011-05-05📄termination-director-company-with-nameofficers · TM01
- 2011-03-22📄gazette-filings-brought-up-to-dategazette · DISS40
- 2011-02-25➖CLARK, Karen Ann resignedsecretary
- 2011-02-25📄termination-secretary-company-with-nameofficers · TM02
- 2011-02-08📍change-registered-office-address-company-with-date-old-addressaddress · AD01
- 2011-02-01📄gazette-notice-compulsorygazette · GAZ1
- 2011-01-07➖CLOUGH, Anthony Giles Edmund resigneddirector
- 2010-10-18➖OAKLEY, Timothy resigneddirector
- 2010-10-18📄termination-director-company-with-nameofficers · TM01
- 2010-08-16📄capital-allotment-sharescapital · SH01
- 2010-08-16📄capital-allotment-sharescapital · SH01
- 2010-07-27📄legacycapital · 88(2)
- 2010-04-09📄appoint-person-director-company-with-nameofficers · AP01
- 2010-02-22📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2010-01-25📄appoint-person-secretary-company-with-nameofficers · AP03
- 2010-01-21📄termination-secretary-company-with-nameofficers · TM02
- 2010-01-07➕CLARK, Karen Ann appointedsecretary
- 2010-01-07➖WATLINGTON SECURITIES LIMITED resignedcorporate-secretary
- 2009-11-26📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2009-10-26➕SILLETT, Paul Nicholas appointeddirector
- 2009-06-23📄legacyofficers · 288c
- 2009-04-21📍legacyaddress · 287
- 2009-01-23📄legacyannual-return · 363a
- 2008-06-04➕OAKLEY, Timothy appointeddirector
- 2006-10-19🔒Charge registered #1Lender: Security Change Limited
- 2006-07-06➕ROCHFORD, Craig Malcolm, Dr appointeddirector
- 2006-07-06➖CLARK, Karen Ann resigneddirector
- 2006-07-06➕CLOUGH, Anthony Giles Edmund appointeddirector
- 2005-01-11🏢Company incorporatedAs THE MAGNETIC CONNECTION COMPANY LIMITED
- 2005-01-11➕WATLINGTON SECURITIES LIMITED appointedcorporate-secretary
- 2005-01-11➕CLARK, Karen Ann appointeddirector
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 20 years — deep operational knowledge concentrated in one person.
- +Senior director age: Director aged approximately 64 — approaching natural succession window.
Succession & seller-readiness
Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
- 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 20 years.
- secondaryStable-but-static management: Company is 21 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 2013-12-18
Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2013-12-18: gazette-dissolved-liquidation; 2013-09-18: liquidation-voluntary-creditors-return-of-final-meeting
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
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9 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 · 5 resigned)
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Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Security Change Security Change Limited | Debenture | 1 property | 19/10/2006 | — |