FURNITURE EXPRESS (FADS) LIMITED
- · Oldest live charge 19.1y old — refinance window within 12 months
Opportunity 54/100 (worth a look), bankability 55/100. 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: 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 (50/100). Current lenders should be on monthly review.
Refinance opportunity
1 live charge · oldest 19.1y
Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.
- · Oldest live charge is 19.1 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Legal-friction score 45/100 (high).
Data confidence
Overall: low (52/100)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 (31 events)Click to expand
- 2010-06-12⚠️gazette-dissolved-liquidationgazette · GAZ2
- 2010-06-12🏁Company dissolved
- 2010-03-12⚠️liquidation-voluntary-creditors-return-of-final-meetinginsolvency · 4.72
- 2010-02-12⚠️liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-dateinsolvency · 4.68
- 2009-02-10⚠️liquidation-voluntary-statement-of-affairs-with-form-attachedinsolvency · 4.20
- 2009-02-10⚠️liquidation-voluntary-appointment-of-liquidatorinsolvency · 600
- 2009-02-10📄resolutionresolution · RESOLUTIONS
- 2009-01-19📍legacyaddress · 287
- 2008-10-27📄legacyannual-return · 363a
- 2008-08-22📄accounts-with-accounts-type-fullaccounts · AA
- 2007-10-30📄legacyannual-return · 363a
- 2007-05-31📄legacymortgage · 395
- 2007-05-22🔒Charge registered #1Lender: Barclays Bank PLC
- 2006-11-17📄legacyofficers · 288a
- 2006-11-17📄legacyofficers · 288b
- 2006-11-17📄legacyofficers · 288a
- 2006-11-17📄legacyofficers · 288b
- 2006-11-17📄legacyaccounts · 225
- 2006-11-17📄legacyofficers · 288a
- 2006-11-17📍legacyaddress · 287
- 2006-11-09✏️certificate-change-of-name-companychange-of-name · CERTNM
- 2006-11-02➕HOPTON, Mark Alan appointedsecretary
- 2006-11-02➕HOPTON, Mark Alan appointeddirector
- 2006-11-02➕MOND, David Emanuel Merton appointeddirector
- 2006-11-02➕ROBERTSON, Hugh Morris appointeddirector
- 2006-11-02➖HALLIWELLS SECRETARIES LIMITED resignedcorporate-nominee-secretary
- 2006-11-02➖HALLIWELLS DIRECTORS LIMITED resignedcorporate-director
- 2006-10-23🏢Company incorporatedAs FURNITURE EXPRESS (FADS) LIMITED
- 2006-10-23➕HALLIWELLS SECRETARIES LIMITED appointedcorporate-nominee-secretary
- 2006-10-23➕HALLIWELLS DIRECTORS LIMITED appointedcorporate-director
- 2006-10-23📄incorporation-companyincorporation · NEWINC
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +Long-tenure founder: Senior director has been in place 20 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 81 — succession pressure is live.
Succession & seller-readiness
Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
- primaryFounder aged 70+: Senior director is approximately 81 years old. Natural succession window is now.
- secondary12+ year tenure: Director in role 20 years.
- secondaryStable-but-static management: Company is 20 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 2010-06-12
Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2010-06-12: gazette-dissolved-liquidation; 2010-03-12: 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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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 · 2 resigned)
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Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Barclays Barclays Bank PLC | Guarantee & debenture | 1 property | 22/05/2007 | — |