12PAY LIMITED
⚰️Wound downdissolved
06032081 · ltd · incorporated 2006-12-18
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 10.7y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
63/100
Worth a look
What this business does
Primary activity: Business and domestic software development
Sector: Information & communication
Investor take
Pass (distressed without resilience)Distressed unclear — structural issues outweigh the discount.
Opportunity 63/100 (worth a look), bankability 80/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. 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 (73/100).
🏦
Refinance opportunity
1 live charge · oldest 10.7y
85/100
ready
Refinance conversation should be productive — structure clean and timing right.
- · Oldest live charge is 10.7 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Legal-friction score 15/100 — clean.
Data confidence
Overall: medium (61/100)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
0
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
7 officers (2 active, 7 linked, 6 with DOB)
87
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
19 connected companies via shared directors
90
Filing history
51 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
63/100Worth a look
PassWatchWorth a lookStrongExceptional
Mixed signal. Worth opening the full target workup before deciding to pursue.
Business quality
30
Concerning — overdue filings or status flags present.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
67
Some moderate concerns — review flags.
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 (39 events)Click to expand
- 2018-11-06📄gazette-dissolved-voluntarygazette · GAZ2(A)
- 2018-11-06🏁Company dissolved
- 2018-06-09📄dissolution-voluntary-strike-off-suspendeddissolution · SOAS(A)
- 2018-05-15📄gazette-notice-voluntarygazette · GAZ1(A)
- 2018-05-03📄dissolution-application-strike-off-companydissolution · DS01
- 2018-01-26📄change-account-reference-date-company-previous-shortenedaccounts · AA01
- 2018-01-23📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2017-10-20📄mortgage-satisfy-charge-fullmortgage · MR04
- 2017-10-20🔓Charge satisfied #1
- 2017-02-02📄accounts-with-accounts-type-fullaccounts · AA
- 2016-11-17📄appoint-person-director-company-with-name-dateofficers · AP01
- 2016-11-07➕MORTIMER-ZHIKA, Elona, Ms. appointeddirector
- 2016-10-26📄termination-director-company-with-name-termination-dateofficers · TM01
- 2016-09-28➖LEWIS, Mark Jonathan resigneddirector
- 2016-02-09📄accounts-with-accounts-type-fullaccounts · AA
- 2016-01-20📄termination-director-company-with-name-termination-dateofficers · TM01
- 2016-01-12➖ROBINSON, Phillip David resigneddirector
- 2015-12-24📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2015-12-07📄appoint-person-director-company-with-name-dateofficers · AP01
- 2015-12-01➕DADY, Kevin Peter appointeddirector
- 2015-09-07📄memorandum-articlesincorporation · MA
- 2015-09-07📄resolutionresolution · RESOLUTIONS
- 2015-08-29📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2015-08-21🔒Charge registered #1Lender: The Governor & Company of the Bank of Ireland
- 2015-02-03📄accounts-with-accounts-type-fullaccounts · AA
- 2015-01-13📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2014-01-31📄appoint-person-director-company-with-nameofficers · AP01
- 2014-01-31📄termination-director-company-with-nameofficers · TM01
- 2014-01-31📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2014-01-28➖DISCOMBE, Nicholas Sanders resigneddirector
- 2014-01-28➕LEWIS, Mark Jonathan appointeddirector
- 2013-12-16📍change-registered-office-address-company-with-date-old-addressaddress · AD01
- 2013-11-15➖MCCLELLAND, Deanne Roslyn resignedsecretary
- 2013-11-15➕DISCOMBE, Nicholas Sanders appointeddirector
- 2013-11-15➖MCCLELLAND, Thomas Charles resigneddirector
- 2013-11-15➕ROBINSON, Phillip David appointeddirector
- 2006-12-18🏢Company incorporatedAs 12PAY LIMITED
- 2006-12-18➕MCCLELLAND, Deanne Roslyn appointedsecretary
- 2006-12-18➕MCCLELLAND, Thomas Charles appointeddirector
Owner dependency
66/100
High — earn-out structure requiredMaterial 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 62 — approaching natural succession window.
Succession & seller-readiness
61/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- secondaryFounder aged 58+: Senior director is approximately 62. Early succession window.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- secondaryStable-but-static management: Company is 19 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
1 high ·Company dissolved
highCompany has been dissolved — it no longer legally exists. Any diligence here is historical only.
Evidence: Dissolved on 2018-11-06
Group structure
Intex (Radiographic) Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Intex (Radiographic) Limited
Corporate parent · holds 75-100% shares
⬇
12PAY LIMITED
This company · 06032081
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Intex (Radiographic) Limited Corporate entity | 75–100% | — | 75-100% shares | 06/04/2016 |
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.
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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
7 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
Incorporated2006-12-18
Jurisdictionengland-wales
Primary SIC62012 — Business and domestic software development
Registered office
Riding Court House Riding Court Road
Datchet
Slough
SL3 9JT
England
Filing status
Accounts
Next due: —
Last made up to: 2016-04-30
Confirmation statement
Next due: —
Last: —
Officers (0 active · 5 resigned)
DADY, Kevin Peter→
Activedirector · ~62y · appointed 2015-12-01
View their other companies + combined net worth →
MORTIMER-ZHIKA, Elona, Ms.→
Activedirector · ~47y · appointed 2016-11-07
View their other companies + combined net worth →
MCCLELLAND, Deanne Roslyn→
Resignedsecretary · appointed 2006-12-18 · resigned 2013-11-15
DISCOMBE, Nicholas Sanders→
Resigneddirector · ~64y · appointed 2013-11-15 · resigned 2014-01-28
LEWIS, Mark Jonathan→
Resigneddirector · ~61y · appointed 2014-01-28 · resigned 2016-09-28
MCCLELLAND, Thomas Charles→
Resigneddirector · ~67y · appointed 2006-12-18 · resigned 2013-11-15
ROBINSON, Phillip David→
Resigneddirector · ~61y · appointed 2013-11-15 · resigned 2016-01-12
Click a director name to see their full track record across all companies.
Mortgages & charges
1
Total charges
0
Outstanding
0
Active lenders
Status:Lender:1 of 1 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | The Governor & Company of the Bank of Ireland | A registered charge | — | 21/08/2015 | 20/10/2017 |
Recent filings (51 total)
gazette-dissolved-voluntary
gazette · GAZ2(A)
2018-11-06
dissolution-voluntary-strike-off-suspended
dissolution · SOAS(A)
2018-06-09
gazette-notice-voluntary
gazette · GAZ1(A)
2018-05-15
dissolution-application-strike-off-company
dissolution · DS01
2018-05-03
change-account-reference-date-company-previous-shortened
accounts · AA01
2018-01-26
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2018-01-23
confirmation-statement-with-updates
confirmation-statement · CS01
2018-01-09
mortgage-satisfy-charge-full
mortgage · MR04
2017-10-20
accounts-with-accounts-type-full
accounts · AA
2017-02-02
confirmation-statement-with-updates
confirmation-statement · CS01
2016-12-20
appoint-person-director-company-with-name-date
officers · AP01
2016-11-17
termination-director-company-with-name-termination-date
officers · TM01
2016-10-26
accounts-with-accounts-type-full
accounts · AA
2016-02-09
termination-director-company-with-name-termination-date
officers · TM01
2016-01-20
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2015-12-24