PRIME ENERGY DEVELOPMENT LIMITED
Opportunity 50/100 (worth a look), bankability 50/100. High owner-dependency — earn-out structure likely required for clean transition. Asset purchase likely safer than share purchase given structural signals. 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: strategic trade sale (53/100). Current lenders should be on monthly review.
Data confidence
Overall: medium (59/100)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 (40 events)Click to expand
- 2022-08-06⚠️gazette-dissolved-liquidationgazette · GAZ2
- 2022-08-06🏁Company dissolved
- 2022-05-06⚠️liquidation-voluntary-members-return-of-final-meetinginsolvency · LIQ13
- 2021-05-18⚠️liquidation-voluntary-appointment-of-liquidatorinsolvency · 600
- 2021-05-18📄resolutionresolution · RESOLUTIONS
- 2021-05-18⚠️liquidation-voluntary-declaration-of-solvencyinsolvency · LIQ01
- 2021-03-11📄termination-director-company-with-name-termination-dateofficers · TM01
- 2021-03-11📄termination-director-company-with-name-termination-dateofficers · TM01
- 2021-03-11📄appoint-person-director-company-with-name-dateofficers · AP01
- 2021-03-04➕HOPKINS, Matthew Philip appointeddirector
- 2021-03-04➖EYRE, Timothy Martin resigneddirector
- 2021-03-04➖THIELE, Christopher Allen resigneddirector
- 2020-10-14📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-09-08📄termination-director-company-with-name-termination-dateofficers · TM01
- 2020-08-17➖CAMPBELL, Norman James resigneddirector
- 2019-12-17📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-06-21📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2018-12-06📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-11-08📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-09-12📄appoint-person-director-company-with-name-dateofficers · AP01
- 2017-09-12📄termination-director-company-with-name-termination-dateofficers · TM01
- 2017-09-11➕EYRE, Timothy Martin appointeddirector
- 2017-09-11➖KELLY, Martin Baxter resigneddirector
- 2017-01-03📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2016-12-12📄change-person-secretary-company-with-change-dateofficers · CH03
- 2016-09-02📄appoint-person-director-company-with-name-dateofficers · AP01
- 2016-09-02📄termination-director-company-with-name-termination-dateofficers · TM01
- 2016-08-23➕KELLY, Martin Baxter appointeddirector
- 2016-08-23➖WATLER, Kevin George resigneddirector
- 2016-06-28📍move-registers-to-sail-company-with-new-addressaddress · AD03
- 2016-05-03➖BAJOLLE, Denis resigneddirector
- 2016-05-03➕WATLER, Kevin George appointeddirector
- 2015-05-22➕LIM, Chee Ying appointedsecretary
- 2015-05-22➖TLT SECRETARIES LIMITED resignedcorporate-secretary
- 2015-05-22➕BAJOLLE, Denis appointeddirector
- 2015-05-22➕THIELE, Christopher Allen appointeddirector
- 2015-05-06🏢Company incorporatedAs PRIME ENERGY DEVELOPMENT LIMITED
- 2015-05-06➕GRANT, George Malcolm appointeddirector
- 2015-05-06➕TLT SECRETARIES LIMITED appointedcorporate-secretary
- 2015-05-06➕CAMPBELL, Norman James appointeddirector
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Senior director age: Director aged approximately 64 — approaching natural succession window.
Succession & seller-readiness
Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.
- primaryFounder aged 63+: Senior director is approximately 64. Approaching typical UK retirement age — succession thinking likely.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- 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 2022-08-06
Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2022-08-06: gazette-dissolved-liquidation; 2022-05-06: liquidation-voluntary-members-return-of-final-meeting
Group structure
Watt Power Limited 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 |
|---|---|---|---|---|
Watt Power Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 06/04/2016 |
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.
See pricing →Similar companies
Active · Trade services · SW postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| 5 PILLAR AGENCY LTD→ 17021508 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| 5 SEDLESCOMBE ROAD LIMITED→ 12623544 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| 5 STAR UNISEX HAIR SALON LTD.→ 09263868 · est 2014 · no financials extracted | — | — | — | — | 11y | — | — |
| 54 QUEEN'S GATE HOLDINGS LIMITED→ 04550319 · est 2002 · no financials extracted | — | — | — | — | 23y | — | — |
| 54 QUEEN'S GATE HOTEL NOMINEE 2 LIMITED→ 04578599 · est 2002 · no financials extracted | — | — | — | — | 23y | — | — |
| 58 NOVA RTM COMPANY LTD→ 08068899 · est 2012 · no financials extracted | — | — | — | — | 13y | — | — |
| 6 OLD DEVONSHIRE ROAD MANAGEMENT COMPANY LIMITED→ 03112671 · est 1995 · no financials extracted | — | — | — | — | 30y | — | — |
| 60TH PARALLEL SPV LTD→ 16205598 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| 65 EATON PLACE LIMITED→ 07463779 · est 2010 · no financials extracted | — | — | — | — | 15y | — | — |
| 66 CHURCH ROAD RECORDS LIMITED→ 10946682 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| 66 INVESTMENTS LIMITED→ 11992274 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| 6NINE26 LIMITED→ 13082716 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
9 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 · 7 resigned)
Click a director name to see their full track record across all companies.