READING ENTERPRISE LIMITED

⚰️Wound downdissolved
06600593 · ltd · incorporated 2008-05-22
Investment thesis
Company dissolved — 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
63/100
Worth a look
🔔
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What this business does
Primary activity: SIC 9999
Sector: Extraterritorial bodies
Investor take
Pass (distressed without resilience)
Distressed unclear — structural issues outweigh the discount.

Opportunity 63/100 (worth a look), bankability 70/100. Strong seller-intent signal (78/100, director aged 75). 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 (65/100).

Data confidence

Overall: low (52/100)

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
Confirmed no charges registered
85
Directors & officers
3 officers (3 active, 3 linked, 2 with DOB)
83
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
18 connected companies via shared directors
90
Filing history
11 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
80
Strong succession / seller-readiness signals.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
90
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 (16 events)Click to expand
  1. 2010-06-15
    📄
    gazette-dissolved-voluntary
    gazette · GAZ2(A)
  2. 2010-06-15
    🏁
    Company dissolved
  3. 2010-06-03
    📍
    change-registered-office-address-company-with-date-old-address
    address · AD01
  4. 2010-03-02
    📄
    gazette-notice-voluntary
    gazette · GAZ1(A)
  5. 2010-02-18
    📄
    dissolution-application-strike-off-company
    dissolution · DS01
  6. 2009-06-19
    📄
    legacy
    annual-return · 363a
  7. 2008-10-06
    📄
    legacy
    capital · 88(2)
  8. 2008-10-06
    📄
    resolution
    resolution · RESOLUTIONS
  9. 2008-10-06
    📄
    legacy
    capital · 123
  10. 2008-06-06
    📄
    legacy
    capital · 88(2)
  11. 2008-06-06
    📄
    legacy
    officers · 288a
  12. 2008-05-22
    🏢
    Company incorporated
    As READING ENTERPRISE LIMITED
  13. 2008-05-22
    RAYNER, Michael Neil appointed
    secretary
  14. 2008-05-22
    RAYNER, Michael Neil appointed
    director
  15. 2008-05-22
    SACHON, Mark Lewis appointed
    director
  16. 2008-05-22
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

88/100
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 18 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 75 — succession pressure is live.
  • +No director turnover: Company is 18 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

89/100
Likely off-market candidate

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

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 75 years old. Natural succession window is now.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondary12+ year tenure: Director in role 18 years.
  • secondaryStable-but-static management: Company is 18 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
high

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

Evidence: Dissolved on 2010-06-15

🔒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

8 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.

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🔒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.

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Company details

Statusdissolved
Typeltd
Incorporated2008-05-22
Jurisdictionengland-wales
Primary SIC9999 — SIC 9999

Registered office

89 New Bond Street
London
W1S 1DA
England

Filing status

Accounts
Next due:
Last made up to:
Confirmation statement
Next due:
Last:

Officers (0 active · 0 resigned)

RAYNER, Michael Neil
secretary · appointed 2008-05-22
View their other companies + combined net worth →
Active
RAYNER, Michael Neil
director · ~75y · appointed 2008-05-22
View their other companies + combined net worth →
Active
SACHON, Mark Lewis
director · ~66y · appointed 2008-05-22
View their other companies + combined net worth →
Active

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

Recent filings (11 total)

gazette-dissolved-voluntary
gazette · GAZ2(A)
2010-06-15
change-registered-office-address-company-with-date-old-address
address · AD01
2010-06-03
gazette-notice-voluntary
gazette · GAZ1(A)
2010-03-02
dissolution-application-strike-off-company
dissolution · DS01
2010-02-18
legacy
annual-return · 363a
2009-06-19
legacy
capital · 88(2)
2008-10-06
resolution
resolution · RESOLUTIONS
2008-10-06
legacy
capital · 123
2008-10-06
legacy
capital · 88(2)
2008-06-06
legacy
officers · 288a
2008-06-06
incorporation-company
incorporation · NEWINC
2008-05-22