PROGRESSIVE BARS LIMITED
Opportunity 49/100 (watch), bankability 50/100. High owner-dependency — earn-out structure likely required for clean transition. 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 (58/100). Current lenders should be on monthly review.
Data confidence
Overall: low (47/100)Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.
Not actionable now, but monitor — distressed, succession, or structural changes could flip this into a real opportunity.
Recent activity
Corporate timeline (22 events)Click to expand
- 2014-11-19⚠️gazette-dissolved-liquidationgazette · GAZ2
- 2014-11-19🏁Company dissolved
- 2014-08-19⚠️liquidation-voluntary-creditors-return-of-final-meetinginsolvency · 4.72
- 2014-05-09📍change-registered-office-address-company-with-date-old-addressaddress · AD01
- 2013-08-07⚠️liquidation-voluntary-appointment-of-liquidatorinsolvency · 600
- 2013-08-07⚠️liquidation-voluntary-statement-of-affairs-with-form-attachedinsolvency · 4.20
- 2013-08-07📄resolutionresolution · RESOLUTIONS
- 2013-07-22📍change-registered-office-address-company-with-date-old-addressaddress · AD01
- 2013-01-24📄change-account-reference-date-company-current-extendedaccounts · AA01
- 2012-11-08📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2012-08-08📄termination-director-company-with-nameofficers · TM01
- 2012-08-08📄appoint-person-director-company-with-nameofficers · AP01
- 2012-08-08📍change-registered-office-address-company-with-date-old-addressaddress · AD01
- 2012-07-30➕CONDLIFFE, Caroline appointeddirector
- 2012-07-30➖LIGHTBURN, Trevor resigneddirector
- 2012-07-06✏️certificate-change-of-name-companychange-of-name · CERTNM
- 2012-07-06✏️change-of-name-noticechange-of-name · CONNOT
- 2012-01-09📄accounts-with-accounts-type-dormantaccounts · AA
- 2011-12-18📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2010-10-22🏢Company incorporatedAs PROGRESSIVE BARS LIMITED
- 2010-10-22➕LIGHTBURN, Trevor appointeddirector
- 2010-10-22📄incorporation-companyincorporation · NEWINC
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Sole director: Only one active director — all governance concentrated on one person.
- +Senior director age: Director aged approximately 64 — approaching natural succession window.
Succession & seller-readiness
Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
- primaryFounder aged 63+: Senior director is approximately 64. Approaching typical UK retirement age — succession thinking likely.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- secondary12+ year tenure: Director in role 14 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
2 high ·Company has been dissolved — it no longer legally exists. Any diligence here is historical only.
Evidence: Dissolved on 2014-11-19
Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2014-11-19: gazette-dissolved-liquidation; 2014-08-19: liquidation-voluntary-creditors-return-of-final-meeting
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