BORNE OVERLAND LIMITED

⚰️Wound downdissolved
11948934 · ltd · incorporated 2019-04-16
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
year to Apr 2025
Net worth
£-20.0k
book net assets
Opportunity
55/100
Worth a look
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What this business does
Primary activity: SIC 45112
Sector: Wholesale & retail
Investor take
Pass (distressed without resilience)
Distressed unclear — structural issues outweigh the discount.

Opportunity 55/100 (worth a look), bankability 70/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. 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: distressed disposal / insolvency (65/100).

Data confidence

Overall: medium (78/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

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
Confirmed no charges registered
85
Directors & officers
2 officers (1 active, 2 linked, 2 with DOB)
90
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
27 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
55/100Worth a look
PassWatchWorth a lookStrongExceptional 

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality
25
Concerning — overdue filings or status flags present.
Acquirability
55
Some acquirability indicators.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Negative net assets
Liabilities exceed assets by £19,965
Cash YoY
+57%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£17k
↑ 57% YoY
Net Worth
-£20k
↓ 6.7% YoY
Current Assets
£17k
↑ 59% YoY
Current Liabilities
-£20k-£13k-£5k£2k£9k£17kApr 2024Apr 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-04-302024-04-30
Total assets£4.6k£5.8k
Current assets£16.9k£10.6k
Cash£16.7k£10.6k
Debtors£194£1
Net assets£-20.0k£-18.7k

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

🔒Filing-note intelligence

1 signal 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
1
filing
  • 1 gazette
Last 90 days
3
filings
  • 2 gazette
  • 1 dissolution
Last 180 days
5
filings
  • 2 gazette
  • 2 persons-with-significant-control
  • 1 dissolution
Counts from Companies House filing history.
Corporate timeline (23 events)Click to expand
  1. 2026-07-21
    📄
    gazette-dissolved-voluntary
    gazette · GAZ2(A)
  2. 2026-07-21
    🏁
    Company dissolved
  3. 2026-05-05
    📄
    gazette-notice-voluntary
    gazette · GAZ1(A)
  4. 2026-04-27
    📄
    dissolution-application-strike-off-company
    dissolution · DS01
  5. 2026-03-20
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  6. 2026-02-16
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  7. 2026-01-12
    WORRALL, Tom resigned
    director
  8. 2026-01-12
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  9. 2026-01-12
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  10. 2025-12-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2024-12-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2024-08-08
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  13. 2024-08-08
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  14. 2024-08-08
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  15. 2024-08-01
    WORRALL, Tom appointed
    director
  16. 2024-05-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2023-01-10
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  18. 2022-02-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  19. 2021-04-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  20. 2020-11-18
    📄
    legacy
    miscellaneous · RPCH01
  21. 2019-04-29
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  22. 2019-04-16
    🏢
    Company incorporated
    As BORNE OVERLAND LIMITED
  23. 2019-04-16
    PEARMAIN, Reiss appointed
    director

Owner dependency

75/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.

Succession & seller-readiness

45/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

Red flags

1 high ·
Company dissolved
high

Company has been dissolved — it no longer legally exists. Any diligence here is historical only.

Evidence: Dissolved on 2026-07-21

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Reiss Pearmain
Individual · British · DOB 02/1994 · age 32
75100%
75–100%board control75-100% shares · 75-100% voting · board control16/04/2019
1 historic (ceased) PSC
  • Mr Tom Worrallceased 12/01/2026· 25-50% shares

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

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

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 →
🔒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
Incorporated2019-04-16
Jurisdictionengland-wales
Primary SIC45112 — SIC 45112

Registered office

31 West Street
Swadlincote
West Midlands
DE11 9DN
England

Filing status

Accounts
Next due:
Last made up to: 2025-04-30
Confirmation statement
Next due:
Last: 2025-08-08

Officers (0 active · 1 resigned)

PEARMAIN, Reiss
director · ~32y · appointed 2019-04-16
View their other companies + combined net worth →
Active
WORRALL, Tom
director · ~37y · appointed 2024-08-01 · resigned 2026-01-12
Resigned

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

Recent filings (27 total)

gazette-dissolved-voluntary
gazette · GAZ2(A)
2026-07-21
gazette-notice-voluntary
gazette · GAZ1(A)
2026-05-05
dissolution-application-strike-off-company
dissolution · DS01
2026-04-27
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-03-20
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-02-16
termination-director-company-with-name-termination-date
officers · TM01
2026-01-12
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2026-01-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-08-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-16
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-08-08
confirmation-statement-with-updates
confirmation-statement · CS01
2024-08-08
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-08-08
appoint-person-director-company-with-name-date
officers · AP01
2024-08-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-05-14