R938 HOLDINGS LIMITED
⚰️Wound downdissolved
07299138 · ltd · incorporated 2010-06-29
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
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 62/100. Strong seller-intent signal (65/100, director aged 62). Biggest value-creation lever: Consolidate lender relationships. 5 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (73/100).
🏦
Refinance opportunity
5 live charges · 5 lenders · oldest 15.8y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 15.8 years old — likely at or near maturity.
- · 5 lenders named — inter-creditor friction likely.
- · Legal-friction score 25/100 — workable, but lender will want more DD.
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
5 charges (5/5 with lender, 5/5 with type)
90
Directors & officers
8 officers (2 active, 8 linked, 8 with DOB)
90
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
10 connected companies via shared directors
75
Filing history
71 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
85
Strong succession / seller-readiness signals.
Risk profile
59
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 (49 events)Click to expand
- 2016-04-26📄gazette-dissolved-voluntarygazette · GAZ2(A)
- 2016-04-26🏁Company dissolved
- 2016-02-09📄gazette-notice-voluntarygazette · GAZ1(A)
- 2016-01-29📄dissolution-application-strike-off-companydissolution · DS01
- 2015-09-27✏️certificate-change-of-name-companychange-of-name · CERTNM
- 2015-09-27✏️change-of-name-noticechange-of-name · CONNOT
- 2015-09-01📄termination-director-company-with-name-termination-dateofficers · TM01
- 2015-09-01📄termination-director-company-with-name-termination-dateofficers · TM01
- 2015-09-01📄termination-director-company-with-name-termination-dateofficers · TM01
- 2015-08-25➖BURNS, Glenn Anthony Balfour resigneddirector
- 2015-08-25➖MOORE, Steven Nigel, Director resigneddirector
- 2015-08-25➖TAIT, Michael John resigneddirector
- 2015-07-21📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2015-06-19📄resolutionresolution · RESOLUTIONS
- 2015-04-08📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2015-03-30🔒Charge registered #5Lender: Albion Development Vct PLC as Security Trustee
- 2014-11-03📄capital-allotment-sharescapital · SH01
- 2014-10-30📄capital-allotment-sharescapital · SH01
- 2014-10-21📄capital-cancellation-sharescapital · SH06
- 2014-10-21📄capital-allotment-sharescapital · SH01
- 2014-10-21📄change-person-director-company-with-change-dateofficers · CH01
- 2014-10-21📄capital-return-purchase-own-sharescapital · SH03
- 2014-10-14📄capital-variation-of-rights-attached-to-sharescapital · SH10
- 2014-10-14📄appoint-person-director-company-with-name-dateofficers · AP01
- 2014-10-14📄termination-director-company-with-name-termination-dateofficers · TM01
- 2014-10-14📄capital-allotment-sharescapital · SH01
- 2014-10-14📄capital-name-of-class-of-sharescapital · SH08
- 2014-10-14📄resolutionresolution · RESOLUTIONS
- 2014-10-07📄accounts-with-accounts-type-smallaccounts · AA
- 2014-10-04📄mortgage-satisfy-charge-fullmortgage · MR04
- 2014-10-04🔓Charge satisfied #3
- 2014-10-04🔓Charge satisfied #2
- 2014-10-04🔓Charge satisfied #1
- 2014-09-24➕TAIT, Michael John appointeddirector
- 2014-09-12➖CORBALLY, Colin George Eric resigneddirector
- 2014-09-12🔒Charge registered #4Lender: Albion Development Vct PLC Acting as Security Trustee
- 2014-07-31🔒Charge registered #3Lender: Albion Development Vct PLC
- 2014-03-31➖TAYLOR, Bryan Lloyd resigneddirector
- 2013-01-31➕CORBALLY, Colin George Eric appointeddirector
- 2013-01-31➖STINTON, Nicholas Michael resigneddirector
- 2011-07-22🔒Charge registered #2Lender: Albion Development Vct PLC (The Security Trustee)
- 2010-08-27➕SUNDERAM LETCHIMINAN, Mokhana appointeddirector
- 2010-08-27➕BURNS, Glenn Anthony Balfour appointeddirector
- 2010-08-27➕MOORE, Steven Nigel, Director appointeddirector
- 2010-08-27➕STINTON, Nicholas Michael appointeddirector
- 2010-08-27➕TAYLOR, Bryan Lloyd appointeddirector
- 2010-08-27🔒Charge registered #1Lender: Albion Developments Vct PLC (The "Security Trustee")
- 2010-06-29🏢Company incorporatedAs R938 HOLDINGS LIMITED
- 2010-06-29➕LASCELLES, Edward William Anthony appointeddirector
Owner dependency
76/100
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.
- +Long-tenure founder: Senior director has been in place 16 years — deep operational knowledge concentrated in one person.
- +Senior director age: Director aged approximately 62 — approaching natural succession window.
Succession & seller-readiness
69/100
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.
- secondary12+ year tenure: Director in role 16 years.
- secondaryStable-but-static management: Company is 16 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 · 1 med ·Company dissolved
highCompany has been dissolved — it no longer legally exists. Any diligence here is historical only.
Evidence: Dissolved on 2016-04-26
Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
🔒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 →Similar companies
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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
Incorporated2010-06-29
Jurisdictionengland-wales
Primary SIC62012 — Business and domestic software development
Registered office
1020 Eskdale Road
Winnersh
Wokingham
RG41 5TS
Filing status
Accounts
Next due: —
Last made up to: 2013-12-31
Confirmation statement
Next due: —
Last: —
Officers (0 active · 6 resigned)
LASCELLES, Edward William Anthony→
Activedirector · ~51y · appointed 2010-06-29
View their other companies + combined net worth →
SUNDERAM LETCHIMINAN, Mokhana→
Activedirector · ~62y · appointed 2010-08-27
View their other companies + combined net worth →
BURNS, Glenn Anthony Balfour→
Resigneddirector · ~65y · appointed 2010-08-27 · resigned 2015-08-25
CORBALLY, Colin George Eric→
Resigneddirector · ~58y · appointed 2013-01-31 · resigned 2014-09-12
MOORE, Steven Nigel, Director→
Resigneddirector · ~63y · appointed 2010-08-27 · resigned 2015-08-25
STINTON, Nicholas Michael→
Resigneddirector · ~55y · appointed 2010-08-27 · resigned 2013-01-31
TAIT, Michael John→
Resigneddirector · ~78y · appointed 2014-09-24 · resigned 2015-08-25
TAYLOR, Bryan Lloyd→
Resigneddirector · ~77y · appointed 2010-08-27 · resigned 2014-03-31
Click a director name to see their full track record across all companies.
Mortgages & charges
5
Total charges
2
Outstanding
2
Active lenders
Status:Lender:5 of 5 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Albion Development Vct as Security Trustee Albion Development Vct PLC as Security Trustee | A registered charge | 1 property | 30/03/2015 | — | |
| outstanding | Albion Development Vct Acting as Security Trustee Albion Development Vct PLC Acting as Security Trustee | A registered charge | 1 property | 12/09/2014 | — | |
| satisfied | Albion Development Vct Albion Development Vct PLC | A registered charge | 1 property | 31/07/2014 | 04/10/2014 | |
| satisfied | Albion Development Vct (The Security Trustee) Albion Development Vct PLC (The Security Trustee) | Debenture | 1 property | 22/07/2011 | 04/10/2014 | |
| satisfied | Albion Developments Vct (The "Security Trustee") Albion Developments Vct PLC (The "Security Trustee") | Debenture | 1 property | 27/08/2010 | 04/10/2014 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (71 total)
gazette-dissolved-voluntary
gazette · GAZ2(A)
2016-04-26
gazette-notice-voluntary
gazette · GAZ1(A)
2016-02-09
dissolution-application-strike-off-company
dissolution · DS01
2016-01-29
certificate-change-of-name-company
change-of-name · CERTNM
2015-09-27
change-of-name-notice
change-of-name · CONNOT
2015-09-27
termination-director-company-with-name-termination-date
officers · TM01
2015-09-01
termination-director-company-with-name-termination-date
officers · TM01
2015-09-01
termination-director-company-with-name-termination-date
officers · TM01
2015-09-01
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2015-07-21
resolution
resolution · RESOLUTIONS
2015-06-19
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2015-04-08
capital-allotment-shares
capital · SH01
2014-11-03
capital-allotment-shares
capital · SH01
2014-10-30
capital-cancellation-shares
capital · SH06
2014-10-21
capital-allotment-shares
capital · SH01
2014-10-21