HS 408 LIMITED

⚰️Wound downreceivership
05714902 · ltd · incorporated 2006-02-20
Investment thesis
Company receivership — not a live target.
Why interesting: Historical record only; useful for precedent research.
Why risky: Not transactable.
🔒Estimated value
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Turnover
not disclosed
Net worth
book net assets
Opportunity
39/100
Watch
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What this business does
Primary activity: SIC 7011
Sector: Professional, scientific & technical
Investor take
Pass (distressed without resilience)
Distressed low-transparency controlled group — structural issues outweigh the discount.

Opportunity 39/100 (watch), bankability 2/100. Strong seller-intent signal (78/100, director aged 69). Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: asset disposal / carve-out (70/100). Current lenders should be on immediate intervention.

🏦

Refinance opportunity

4 live charges · 3 lenders · oldest 19.9y

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 19.9 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Legal-friction score 55/100 (high).

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
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
8 officers (2 active, 8 linked, 6 with DOB)
85
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
2 connected companies via shared directors
51
Filing history
29 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
39/100Watch
PassWatchWorth a lookStrongExceptional 

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

Business quality
0
Concerning — overdue filings or status flags present.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
13
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 (44 events)Click to expand
  1. 2012-01-26
    ⚠️
    liquidation-receiver-abstract-of-receipts-and-payments-with-brought-down-date
    insolvency · 3.6
  2. 2012-01-26
    ⚠️
    legacy
    insolvency · LQ02
  3. 2011-12-08
    ⚠️
    liquidation-receiver-abstract-of-receipts-and-payments-with-brought-down-date
    insolvency · 3.6
  4. 2011-12-08
    ⚠️
    liquidation-receiver-abstract-of-receipts-and-payments-with-brought-down-date
    insolvency · 3.6
  5. 2011-12-08
    ⚠️
    liquidation-receiver-abstract-of-receipts-and-payments-with-brought-down-date
    insolvency · 3.6
  6. 2011-07-27
    📄
    termination-director-company-with-name
    officers · TM01
  7. 2011-05-25
    HALL, Ashley Jay resigned
    director
  8. 2011-01-10
    ⚠️
    legacy
    insolvency · LQ01
  9. 2009-10-22
    ⚠️
    legacy
    insolvency · LQ01
  10. 2009-06-18
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  11. 2009-06-16
    📄
    legacy
    annual-return · 363a
  12. 2009-06-12
    📄
    legacy
    annual-return · 363a
  13. 2008-12-16
    📄
    gazette-notice-compulsary
    gazette · GAZ1
  14. 2008-02-04
    📄
    legacy
    officers · 288b
  15. 2007-12-18
    GOODMAN, Laurence Howard resigned
    secretary
  16. 2007-12-18
    GOODMAN, Laurence Howard resigned
    director
  17. 2007-04-11
    📍
    legacy
    address · 287
  18. 2007-04-11
    📄
    legacy
    annual-return · 363s
  19. 2006-09-21
    📍
    legacy
    address · 287
  20. 2006-09-16
    📄
    legacy
    mortgage · 395
  21. 2006-09-05
    📄
    legacy
    mortgage · 395
  22. 2006-09-01
    🔒
    Charge registered #4
    Lender: Clydesdale Bank PLC (Trading as Yorkshire Bank)
  23. 2006-08-25
    🔒
    Charge registered #3
    Lender: Clydesdale Bank PLC
  24. 2006-07-15
    📄
    legacy
    mortgage · 395
  25. 2006-07-15
    📄
    legacy
    mortgage · 395
  26. 2006-07-05
    🔒
    Charge registered #2
    Lender: Bridgebank Capital Limited
  27. 2006-07-05
    🔒
    Charge registered #1
    Lender: Bridgebank Capital Limited
  28. 2006-06-07
    📄
    legacy
    officers · 288b
  29. 2006-06-07
    📄
    legacy
    officers · 288b
  30. 2006-06-07
    📄
    legacy
    accounts · 225
  31. 2006-06-07
    📍
    legacy
    address · 287
  32. 2006-06-07
    📄
    legacy
    officers · 288a
  33. 2006-05-23
    WAKEFIELD, Paul Antony resigned
    secretary
  34. 2006-05-23
    PARRY, Robert resigned
    director
  35. 2006-05-23
    WAKEFIELD, Paul Antony resigned
    director
  36. 2006-05-19
    DANSON, Paul Edmund Joachim appointed
    director
  37. 2006-05-19
    HALL, Dean Lester appointed
    director
  38. 2006-05-19
    GOODMAN, Laurence Howard appointed
    secretary
  39. 2006-05-19
    GOODMAN, Laurence Howard appointed
    director
  40. 2006-05-19
    HALL, Ashley Jay appointed
    director
  41. 2006-02-20
    🏢
    Company incorporated
    As HS 408 LIMITED
  42. 2006-02-20
    WAKEFIELD, Paul Antony appointed
    secretary
  43. 2006-02-20
    PARRY, Robert appointed
    director
  44. 2006-02-20
    WAKEFIELD, Paul Antony appointed
    director

Owner dependency

83/100
Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

FACTORS
  • +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.
  • +Founder age: Director aged approximately 69 — succession pressure is live.

Succession & seller-readiness

81/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 69. Approaching typical UK retirement age — succession thinking likely.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 20 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 20 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

4 high ·
Accounts overdue
high

Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.

Evidence: Next due: 2009-01-31

Confirmation statement overdue
high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2017-03-06

Company status: receivership
high

Company is in a formal insolvency or administration process. Treat accordingly.

7 insolvency-related filings on record
high

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

Evidence: 2012-01-26: liquidation-receiver-abstract-of-receipts-and-payments-with-brought-down-date; 2012-01-26: legacy

🔒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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🔒Tailored diligence questions

13 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

Statusreceivership
Typeltd
Incorporated2006-02-20
Jurisdictionengland-wales
Primary SIC7011 — SIC 7011

Registered office

Deepleach Hall
Wilmslow Road Cheadle
Stockport
Cheshire
SK8 1DR

Filing status

Accounts
Next due: 2009-01-31OVERDUE
Last made up to: 2007-03-31
Confirmation statement
Next due: 2017-03-06OVERDUE
Last:

Officers (2 active · 6 resigned)

DANSON, Paul Edmund Joachim
director · ~69y · appointed 2006-05-19
View their other companies + combined net worth →
Active
HALL, Dean Lester
director · ~66y · appointed 2006-05-19
View their other companies + combined net worth →
Active
GOODMAN, Laurence Howard
secretary · appointed 2006-05-19 · resigned 2007-12-18
Resigned
WAKEFIELD, Paul Antony
secretary · appointed 2006-02-20 · resigned 2006-05-23
Resigned
GOODMAN, Laurence Howard
director · ~71y · appointed 2006-05-19 · resigned 2007-12-18
Resigned
HALL, Ashley Jay
director · ~61y · appointed 2006-05-19 · resigned 2011-05-25
Resigned
PARRY, Robert
director · ~68y · appointed 2006-02-20 · resigned 2006-05-23
Resigned
WAKEFIELD, Paul Antony
director · ~59y · appointed 2006-02-20 · resigned 2006-05-23
Resigned

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

Mortgages & charges

4
Total charges
4
Outstanding
2
Active lenders
Status:Lender:4 of 4 shown
TypeProperties
outstanding
Virgin Money
Clydesdale Bank PLC (Trading as Yorkshire Bank)
Legal mortgage1 property01/09/2006
outstanding
Virgin Money
Clydesdale Bank PLC
Debenture1 property25/08/2006
outstanding
Bridgebank Capital
Bridgebank Capital Limited
Debenture1 property05/07/2006
outstanding
Bridgebank Capital
Bridgebank Capital Limited
Legal mortgage1 property05/07/2006
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (29 total)

liquidation-receiver-abstract-of-receipts-and-payments-with-brought-down-date
insolvency · 3.6
2012-01-26
legacy
insolvency · LQ02
2012-01-26
liquidation-receiver-abstract-of-receipts-and-payments-with-brought-down-date
insolvency · 3.6
2011-12-08
liquidation-receiver-abstract-of-receipts-and-payments-with-brought-down-date
insolvency · 3.6
2011-12-08
liquidation-receiver-abstract-of-receipts-and-payments-with-brought-down-date
insolvency · 3.6
2011-12-08
termination-director-company-with-name
officers · TM01
2011-07-27
legacy
insolvency · LQ01
2011-01-10
legacy
insolvency · LQ01
2009-10-22
accounts-with-accounts-type-total-exemption-small
accounts · AA
2009-06-18
legacy
annual-return · 363a
2009-06-16
legacy
annual-return · 363a
2009-06-12
gazette-notice-compulsary
gazette · GAZ1
2008-12-16
legacy
officers · 288b
2008-02-04
legacy
address · 287
2007-04-11
legacy
annual-return · 363s
2007-04-11