020202 LIMITED

⚰️Wound downliquidation
10867200 · ltd · incorporated 2017-07-14
Investment thesis
Company liquidation — not a live target.
Why interesting: Historical record only; useful for precedent research.
Why risky: Not transactable.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 3.5y old — refinance window within 12 months
🔒Estimated value
Upgrade to see
Turnover
year to Dec 2023
Net worth
£-17.7k
book net assets
Opportunity
36/100
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What this business does
Primary activity: Activities of other holding companies n.e.c.
Sector: Financial & insurance
Investor take
Pass (distressed without resilience)
Distressed asset-holding vehicle — structural issues outweigh the discount.

Opportunity 36/100 (watch), bankability 25/100. 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: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: distressed disposal / insolvency (85/100). Current lenders should be on immediate intervention.

🏦

Refinance opportunity

1 live charge · oldest 3.5y

55/100
clean up first

Refinance viable after a tidy-up — address the highlighted items first.

  • · Charge age ~3.5 years — mid-life; refi window approaching.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 35/100 — workable, but lender will want more DD.

Data confidence

Overall: high (81/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile
address, 1 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
7 officers (1 active, 7 linked, 6 with DOB)
87
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
6 connected companies via shared directors
63
Filing history
62 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
36/100Watch
PassWatchWorth a lookStrongExceptional 

Not actionable now, but monitor — distressed, succession, or structural changes could flip this into a real opportunity.

Business quality
0
Concerning — overdue filings or status flags present.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
13
Multiple red flags — proceed with caution.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Negative net assets
Liabilities exceed assets by £17,675

Key financials

2 years extracted from filed iXBRL accounts
Cash
£430
Net Worth
-£18k
Current Assets
£565k
Current Liabilities
-£18k£99k£215k£332k£448k£565kDec 2022Dec 2023

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2023-12-292022-12-29
Total assets£-17.5k
Current assets£564.6k
Cash£430
Debtors£564.1k
Net assets£-17.7k

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

2 signals detected in this company's narrative notes — going-concern language, audit opinion, contingent liabilities, related-party transactions.

Available from the Pro tier upwards.

See pricing →

Recent activity

Last 30 days
2
filings
  • 2 insolvency
Last 90 days
2
filings
  • 2 insolvency
Last 180 days
4
filings
  • 3 insolvency
  • 1 gazette
Counts from Companies House filing history.
Corporate timeline (35 events)Click to expand
  1. 2026-04-10
    ⚠️
    liquidation-disclaimer-notice
    insolvency · NDISC
  2. 2026-04-01
    ⚠️
    liquidation-disclaimer-notice
    insolvency · NDISC
  3. 2025-12-22
    ⚠️
    liquidation-compulsory-winding-up-order
    insolvency · COCOMP
  4. 2025-12-02
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  5. 2025-10-27
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  6. 2025-10-01
    TINTOR, Radojka resigned
    director
  7. 2025-01-11
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  8. 2025-01-10
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2024-12-17
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  10. 2024-03-26
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  11. 2024-03-26
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  12. 2024-03-26
    📄
    change-person-director-company-with-change-date
    officers · CH01
  13. 2024-03-26
    📄
    change-person-director-company-with-change-date
    officers · CH01
  14. 2023-12-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2023-09-26
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  16. 2023-06-13
    BUSH, David William resigned
    secretary
  17. 2022-12-22
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  18. 2022-10-14
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  19. 2022-10-07
    🔒
    Charge registered #1
    Lender: Barclays Security Trustee Limited
  20. 2022-09-28
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  21. 2022-08-17
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  22. 2021-03-29
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  23. 2021-03-26
    📄
    change-account-reference-date-company-current-extended
    accounts · AA01
  24. 2020-12-31
    BUSH, Gordon resigned
    director
  25. 2020-12-31
    TINTOR, Radojka appointed
    director
  26. 2018-07-12
    BARWOOD, John Steven resigned
    director
  27. 2018-07-12
    PEMBERTON, David Terence resigned
    director
  28. 2018-07-12
    RUMBLE, Darren Gordon resigned
    director
  29. 2017-08-01
    BUSH, David William appointed
    secretary
  30. 2017-08-01
    BARWOOD, John Steven appointed
    director
  31. 2017-08-01
    BUSH, Gordon appointed
    director
  32. 2017-08-01
    PEMBERTON, David Terence appointed
    director
  33. 2017-08-01
    RUMBLE, Darren Gordon appointed
    director
  34. 2017-07-14
    🏢
    Company incorporated
    As 020202 LIMITED
  35. 2017-07-14
    BUSH, David William appointed
    director

Owner dependency

83/100
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
  • +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

65/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • 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.

Red flags

4 high ·
Accounts overdue
high

Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.

Evidence: Next due: 2025-09-29

Confirmation statement overdue
high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2026-04-09

Company in liquidation
high

Company is actively being wound up. Not a going concern.

3 insolvency-related filings on record
high

Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.

Evidence: 2026-04-10: liquidation-disclaimer-notice; 2026-04-01: liquidation-disclaimer-notice

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr David William Bush
Individual · British · DOB 12/1962 · age 64
5075%
50–75%board control50-75% shares · 50-75% voting · board control12/07/2018
1 historic (ceased) PSC
  • Mr Gordon Bushceased 31/12/2020· 25-50% shares · 25-50% voting

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

🔒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 →

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

12 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

Statusliquidation
Typeltd
Incorporated2017-07-14
Jurisdictionengland-wales
Primary SIC64209 — Activities of other holding companies n.e.c.

Registered office

The Courtyard
33 Duke Street
Trowbridge
Wiltshire
BA14 8EA
United Kingdom

Filing status

Accounts
Next due: 2025-09-29OVERDUE
Last made up to: 2023-12-29
Confirmation statement
Next due: 2026-04-09OVERDUE
Last: 2025-03-26

Officers (1 active · 6 resigned)

BUSH, David William
director · ~64y · appointed 2017-07-14
View their other companies + combined net worth →
Active
BUSH, David William
secretary · appointed 2017-08-01 · resigned 2023-06-13
Resigned
BARWOOD, John Steven
director · ~64y · appointed 2017-08-01 · resigned 2018-07-12
Resigned
BUSH, Gordon
director · ~64y · appointed 2017-08-01 · resigned 2020-12-31
Resigned
PEMBERTON, David Terence
director · ~67y · appointed 2017-08-01 · resigned 2018-07-12
Resigned
RUMBLE, Darren Gordon
director · ~60y · appointed 2017-08-01 · resigned 2018-07-12
Resigned
TINTOR, Radojka
director · ~65y · appointed 2020-12-31 · resigned 2025-10-01
Resigned

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
Barclays
Barclays Security Trustee Limited
A registered charge07/10/2022
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (62 total)

liquidation-disclaimer-notice
insolvency · NDISC
2026-04-10
liquidation-disclaimer-notice
insolvency · NDISC
2026-04-01
liquidation-compulsory-winding-up-order
insolvency · COCOMP
2025-12-22
gazette-notice-compulsory
gazette · GAZ1
2025-12-02
termination-director-company-with-name-termination-date
officers · TM01
2025-10-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-27
gazette-filings-brought-up-to-date
gazette · DISS40
2025-01-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-01-10
gazette-notice-compulsory
gazette · GAZ1
2024-12-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-10
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-03-26
termination-secretary-company-with-name-termination-date
officers · TM02
2024-03-26
change-person-director-company-with-change-date
officers · CH01
2024-03-26
change-person-director-company-with-change-date
officers · CH01
2024-03-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-22