GSAS (SHELF CO) LIMITED
Opportunity 55/100 (worth a look), bankability 72/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (58/100).
Refinance opportunity
5 live charges · 4 lenders · oldest 14.7y
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 14.7 years old — likely at or near maturity.
- · 4 lenders named — inter-creditor friction likely.
- · Legal-friction score 25/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (57/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Mixed signal. Worth opening the full target workup before deciding to pursue.
Recent activity
Corporate timeline (43 events)Click to expand
- 2020-12-08📄gazette-dissolved-voluntarygazette · GAZ2(A)
- 2020-12-08🏁Company dissolved
- 2020-09-22📄gazette-notice-voluntarygazette · GAZ1(A)
- 2020-09-14📄dissolution-application-strike-off-companydissolution · DS01
- 2019-09-27📄accounts-with-accounts-type-dormantaccounts · AA
- 2018-10-15📄termination-director-company-with-name-termination-dateofficers · TM01
- 2018-10-15📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2018-09-27📄accounts-with-accounts-type-dormantaccounts · AA
- 2018-09-16➖RICHARDSON, Darran William resignedsecretary
- 2018-09-16➖RICHARDSON, Darran William resigneddirector
- 2017-09-21📄accounts-with-accounts-type-smallaccounts · AA
- 2016-10-07📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2016-10-07📄termination-director-company-with-name-termination-dateofficers · TM01
- 2016-10-07📄termination-director-company-with-name-termination-dateofficers · TM01
- 2016-10-07📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2016-10-07📄appoint-person-director-company-with-name-dateofficers · AP01
- 2016-10-07📄appoint-person-director-company-with-name-dateofficers · AP01
- 2016-10-06📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2016-09-27📄accounts-with-accounts-type-smallaccounts · AA
- 2016-09-15➕WAUD, Peter John appointeddirector
- 2016-09-15➖JOBES, David Alan resignedsecretary
- 2016-09-15➕RICHARDSON, Darran William appointedsecretary
- 2016-09-15➖JOBES, David Alan resigneddirector
- 2016-09-15➖LEITCH, Roger Thomas resigneddirector
- 2016-09-15➕RICHARDSON, Darran William appointeddirector
- 2015-09-22📄accounts-with-accounts-type-fullaccounts · AA
- 2015-07-27📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2014-09-30📄accounts-with-accounts-type-fullaccounts · AA
- 2014-07-23📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2014-07-09🔓Charge satisfied #4
- 2014-01-28🔓Charge satisfied #5
- 2014-01-28🔓Charge satisfied #2
- 2014-01-28🔓Charge satisfied #1
- 2013-11-22🔒Charge registered #5Lender: Resolve Capital LLP
- 2013-11-18🔓Charge satisfied #3
- 2013-11-13🔒Charge registered #4Lender: Bibby Financial Services Limited (As Security Trustee)
- 2012-01-18🔒Charge registered #3Lender: Close Invoice Finance LTD
- 2011-10-10🔒Charge registered #2Lender: Lloyds Tsb Bank PLC
- 2011-10-10🔒Charge registered #1Lender: Lloyds Tsb Bank PLC
- 2010-07-20🏢Company incorporatedAs GSAS (SHELF CO) LIMITED
- 2010-07-20➕JOBES, David Alan appointedsecretary
- 2010-07-20➕JOBES, David Alan appointeddirector
- 2010-07-20➕LEITCH, Roger Thomas appointeddirector
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +Sole director: Only one active director — all governance concentrated on one person.
Succession & seller-readiness
Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- secondaryStable-but-static management: Company is 16 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
1 high · 1 med ·Company has been dissolved — it no longer legally exists. Any diligence here is historical only.
Evidence: Dissolved on 2020-12-08
Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
Global Shipping Services Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.
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 |
|---|---|---|---|---|
Global Shipping Services Ltd Corporate entity | 75–100% | — | 75-100% shares | 20/07/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
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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.
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 · 5 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Resolve Capital Resolve Capital LLP | A registered charge | 2 properties | 22/11/2013 | 28/01/2014 | |
| satisfied | Bibby Financial Services Bibby Financial Services Limited (As Security Trustee) | A registered charge | 1 property | 13/11/2013 | 09/07/2014 | |
| satisfied | Close Invoice Finance Close Invoice Finance LTD | Debenture | 1 property | 18/01/2012 | 18/11/2013 | |
| satisfied | Lloyds Banking Group Lloyds Tsb Bank PLC | Deed of admission to an omnibus guarantee and set-off agreement | 1 property | 10/10/2011 | 28/01/2014 | |
| satisfied | Lloyds Banking Group Lloyds Tsb Bank PLC | Debenture | 1 property | 10/10/2011 | 28/01/2014 |