DUAL COMPENDIUM LIMITED

⚰️Wound downdissolved

05396888 · ltd · incorporated 2005-03-17

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

45/100

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What this business does

Primary activity: Non-trading company

Sector: Professional, scientific & technical

Investor take

Pass (distressed without resilience)

Distressed dormant / non-trading — structural issues outweigh the discount.

Opportunity 45/100 (watch), bankability 32/100. 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. 5 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: asset disposal / carve-out (55/100). Current lenders should be on monthly review.

🏦

Refinance opportunity

8 live charges · 5 lenders · oldest 21.0y

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 21.0 years old — likely at or near maturity.
· 5 lenders named — inter-creditor friction likely.
· Legal-friction score 60/100 (high).

Data confidence

Overall: medium (60/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile

address, 1 SIC codes, incorporation date

100

Financials

No iXBRL financials extracted

Lenders & charges

8 charges (8/8 with lender, 8/8 with type)

Directors & officers

15 officers (3 active, 15 linked, 9 with DOB)

Ownership & PSC

1 active PSC(s) of 1 total, 1 with control declared

Director network

12 connected companies via shared directors

Filing history

106 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

45/100Watch

PassWatchWorth a lookStrongExceptional

Not actionable now, but monitor — distressed, succession, or structural changes could flip this into a real opportunity.

Business quality

Concerning — overdue filings or status flags present.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Multiple red flags — proceed with caution.

Signal strength

100

Good data coverage for analysis.

Recent activity

Last 30 days

filings

Last 90 days

filings

Last 180 days

filings

Counts from Companies House filing history.

Corporate timeline (63 events)Click to expand

2020-01-04
⚠️
gazette-dissolved-liquidation
gazette · GAZ2
2020-01-04
🏁
Company dissolved
2019-10-04
⚠️
liquidation-in-administration-move-to-dissolution
insolvency · AM23
2019-05-24
⚠️
liquidation-in-administration-progress-report
insolvency · AM10
2019-04-15
⚠️
liquidation-in-administration-extension-of-period
insolvency · AM19
2018-11-27
⚠️
liquidation-in-administration-progress-report
insolvency · AM10
2018-07-09
⚠️
liquidation-administration-notice-deemed-approval-of-proposals
insolvency · AM06
2018-06-23
⚠️
liquidation-in-administration-proposals
insolvency · AM03
2018-05-21
⚠️
liquidation-in-administration-statement-of-affairs-with-form-attached
insolvency · AM02
2018-05-01
⚠️
liquidation-in-administration-appointment-of-administrator
insolvency · AM01
2018-04-27
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2018-02-12
📄
mortgage-satisfy-charge-full
mortgage · MR04
2018-02-12
🔓
Charge satisfied #6
2018-01-12
⚠️
liquidation-cva-supervisors-abstract-of-receipts-payments-with-brought-down-date
insolvency · CVA3
2018-01-12
⚠️
liquidation-voluntary-arrangement-completion
insolvency · CVA4
2017-12-18
📄
accounts-with-accounts-type-full
accounts · AA
2017-11-01
📄
appoint-person-director-company-with-name-date
officers · AP01
2017-11-01
📄
termination-director-company-with-name-termination-date
officers · TM01
2017-10-31
➕
GRANTHAM, Jeffrey appointed
director
2017-10-31
➖
CRAGGS, David resigned
director
2017-09-04
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2017-08-24
🔒
Charge registered #8
Lender: Aldermore Bank PLC
2017-08-16
📄
appoint-person-director-company-with-name-date
officers · AP01
2017-07-13
➕
WOODWARD, Michelle appointed
director
2017-05-19
⚠️
liquidation-cva-supervisors-abstract-of-receipts-payments-with-brought-down-date
insolvency · CVA3
2017-04-18
📄
accounts-with-accounts-type-full
accounts · AA
2017-03-31
➖
FOULIS, Malcolm resigned
director
2017-03-31
📄
termination-director-company-with-name-termination-date
officers · TM01
2017-03-24
➕
WILLS, Kevin Robert appointed
secretary
2017-03-24
📄
appoint-person-secretary-company-with-name-date
officers · AP03
2017-03-02
⚠️
liquidation-voluntary-arrangement-meeting-approving-companies-voluntary-arrangement
insolvency · 1.1
2017-03-02
⚠️
liquidation-court-order-miscellaneous
insolvency · LIQ MISC OC
2016-04-28
➕
CRAGGS, David appointed
director
2016-04-28
➕
FOULIS, Malcolm appointed
director
2016-04-28
➖
HASSELL, Rob resigned
director
2016-04-28
➖
HLD CORPORATION HOLDINGS LIMITED resigned
corporate-director
2016-01-27
➕
HASSELL, Rob appointed
director
2016-01-27
➖
OHANJANIAN, Demis Armen resigned
director
2015-12-21
➖
NEWMAN, John Derek resigned
secretary
2015-12-21
➖
CRAGGS, David resigned
director
2015-12-21
➕
OHANJANIAN, Demis Armen appointed
director
2015-12-21
➕
HLD CORPORATION HOLDINGS LIMITED appointed
corporate-director
2015-05-29
🔒
Charge registered #7
Lender: Aldermore Bank PLC
2015-03-19
🔓
Charge satisfied #4
2014-12-24
🔒
Charge registered #6
Lender: The North East Gorwth 500 Plus LP a Limited Partnership Acting by Its General Partner Ne Growth 500 LP Limited Acting by Fw Capital Limited
2013-06-24
➕
NEWMAN, John Derek appointed
secretary
2013-06-21
➖
COLLINSON, Andrew Joseph resigned
secretary
2013-06-21
➖
BROWN, Patrick resigned
director
2013-06-21
➖
COLLINSON, Andrew Joseph resigned
director
2013-06-21
➕
CRAGGS, David appointed
director

Showing most recent 50 of 63 events

Owner dependency

66/100

High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS

+Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
+Senior director age: Director aged approximately 63 — approaching natural succession window.

Succession & seller-readiness

66/100

Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS

primaryFounder aged 63+: Senior director is approximately 63. Approaching typical UK retirement age — succession thinking likely.
secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
secondaryStable-but-static management: Company is 21 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

2 high · 1 med · 1 low

Company dissolved

high

Company has been dissolved — it no longer legally exists. Any diligence here is historical only.

Evidence: Dissolved on 2020-01-04

14 insolvency-related filings on record

high

Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.

Evidence: 2020-01-04: gazette-dissolved-liquidation; 2019-10-04: liquidation-in-administration-move-to-dissolution

Charge satisfaction-then-recreation pattern

medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

6 live charges

low

Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%

Name	Shares	Voting rights	Nature of control	Notified
Mr David Craggs Individual · British · DOB 11/1955 · age 71	75–100%	—	75-100% shares	28/04/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

🔒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 →

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Peers ranked by estimated value, then turnover, then opportunity score.See all →

🔒Tailored diligence questions

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 →

🔒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

Incorporated2005-03-17

Jurisdictionengland-wales

Primary SIC74990 — Non-trading company

Registered office

Quayside House

110 Quayside

Newcastle Upon Tyne

Tyne And Wear

NE1 3DX

Filing status

Accounts

Next due: —

Last made up to: 2017-03-31

Confirmation statement

Next due: —

Last: —

Officers (0 active · 12 resigned)

WILLS, Kevin Robert→

secretary · appointed 2017-03-24

View their other companies + combined net worth →

Active

GRANTHAM, Jeffrey→

director · ~63y · appointed 2017-10-31

View their other companies + combined net worth →

Active

WOODWARD, Michelle→

director · ~55y · appointed 2017-07-13

View their other companies + combined net worth →

Active

COLLINSON, Andrew Joseph→

secretary · appointed 2005-05-05 · resigned 2013-06-21

Resigned

NEWMAN, John Derek→

secretary · appointed 2013-06-24 · resigned 2015-12-21

Resigned

NORHAM HOUSE SECRETARY LIMITED→

corporate-nominee-secretary · appointed 2005-03-17 · resigned 2005-05-05

Resigned

BROWN, Patrick→

director · ~66y · appointed 2005-05-05 · resigned 2013-06-21

Resigned

COLLINSON, Andrew Joseph→

director · ~52y · appointed 2005-05-05 · resigned 2013-06-21

Resigned

CRAGGS, David→

director · ~71y · appointed 2016-04-28 · resigned 2017-10-31

Resigned

CRAGGS, David→

director · ~71y · appointed 2013-06-21 · resigned 2015-12-21

Resigned

FOULIS, Malcolm→

director · ~73y · appointed 2016-04-28 · resigned 2017-03-31

Resigned

HASSELL, Rob→

director · ~71y · appointed 2016-01-27 · resigned 2016-04-28

Resigned

OHANJANIAN, Demis Armen→

director · ~48y · appointed 2015-12-21 · resigned 2016-01-27

Resigned

HLD CORPORATION HOLDINGS LIMITED→

corporate-director · appointed 2015-12-21 · resigned 2016-04-28

Resigned

NORHAM HOUSE DIRECTOR LIMITED→

corporate-nominee-director · appointed 2005-03-17 · resigned 2005-05-05

Resigned

Click a director name to see their full track record across all companies.

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:8 of 8 shown

		Type	Properties
outstanding	Aldermore Aldermore Bank PLC	A registered charge	1 property	24/08/2017	—
outstanding	Aldermore Aldermore Bank PLC	A registered charge	—	29/05/2015	—
satisfied	The North East Gorwth 500 Plus LP a Partnership Acting by Its General Partner Ne Growth 500 LP Acting by Fw Capital The North East Gorwth 500 Plus LP a Limited Partnership Acting by Its General Partner Ne Growth 500 LP Limited Acting by Fw Capital Limited	A registered charge	—	24/12/2014	12/02/2018
outstanding	Barclays Barclays Bank PLC	Guarantee fixed and floating charge	1 property	21/06/2010	—
satisfied	Ingenious Resources Ingenious Resources Limited	Deed of security assignment	1 property	05/01/2009	19/03/2015
outstanding	Barclays Barclays Bank PLC	Legal charge	1 property	20/06/2008	—
outstanding	Martin Orr (As Security Trustee for Himself, Robert Michael Storey, David Graggs and Malcolmfoulis)	Trust guarantee and debenture	2 properties	02/06/2005	—
outstanding	Barclays Barclays Bank PLC	Guarantee & debenture	1 property	02/06/2005	—

Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (106 total)

gazette-dissolved-liquidation

gazette · GAZ2

2020-01-04

liquidation-in-administration-move-to-dissolution

insolvency · AM23

2019-10-04

liquidation-in-administration-progress-report

insolvency · AM10

2019-05-24

liquidation-in-administration-extension-of-period

insolvency · AM19

2019-04-15

liquidation-in-administration-progress-report

insolvency · AM10

2018-11-27

liquidation-administration-notice-deemed-approval-of-proposals

insolvency · AM06

2018-07-09

liquidation-in-administration-proposals

insolvency · AM03

2018-06-23

liquidation-in-administration-statement-of-affairs-with-form-attached

insolvency · AM02

2018-05-21

liquidation-in-administration-appointment-of-administrator

insolvency · AM01

2018-05-01

change-registered-office-address-company-with-date-old-address-new-address

address · AD01

2018-04-27

mortgage-satisfy-charge-full

mortgage · MR04

2018-02-12

liquidation-cva-supervisors-abstract-of-receipts-payments-with-brought-down-date

insolvency · CVA3

2018-01-12

liquidation-voluntary-arrangement-completion

insolvency · CVA4

2018-01-12

accounts-with-accounts-type-full

accounts · AA

2017-12-18

appoint-person-director-company-with-name-date

officers · AP01

2017-11-01