MPW (SWANSEA) LTD

⚰️Wound downliquidation
12486938 · ltd · incorporated 2020-02-27
Investment thesis
Company liquidation — not a live target.
Why interesting: Historical record only; useful for precedent research.
Why risky: Not transactable.
🔒Estimated value
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Turnover
year to Feb 2022
Net worth
£-126.8k
book net assets
Opportunity
31/100
Pass
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What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
Pass (distressed without resilience)
Distressed unclear — structural issues outweigh the discount.

Opportunity 31/100 (pass), bankability 20/100. 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.

Data confidence

Overall: high (82/100)

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
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
10 connected companies via shared directors
75
Filing history
17 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
31/100Pass
PassWatchWorth a lookStrongExceptional 

Clear signal to pass. Time better spent elsewhere unless you have a specific strategic angle.

Business quality
0
Concerning — overdue filings or status flags present.
Acquirability
55
Some acquirability indicators.
Risk profile
13
Multiple red flags — proceed with caution.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Negative net assets
Liabilities exceed assets by £126,816
Cash draining
Cash down 98% YoY
Cash YoY
-98%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£284
↓ 98% YoY
Net Worth
-£127k
↓ 3.1% YoY
Current Assets
£11k
↓ 47% YoY
Current Liabilities
-£127k-£97k-£68k-£39k-£9k£20kFeb 2021Feb 2022

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2022-02-282021-02-28
Total assets£-77.0k£-73.0k
Current assets£10.5k£20.0k
Cash£284£15.2k
Net assets£-126.8k£-123.0k

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
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (17 events)Click to expand
  1. 2025-09-01
    ⚠️
    liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date
    insolvency · LIQ03
  2. 2024-09-12
    ⚠️
    liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date
    insolvency · LIQ03
  3. 2024-03-11
    ⚠️
    liquidation-disclaimer-notice
    insolvency · NDISC
  4. 2023-09-01
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  5. 2023-09-01
    ⚠️
    liquidation-voluntary-appointment-of-liquidator
    insolvency · 600
  6. 2023-09-01
    📄
    resolution
    resolution · RESOLUTIONS
  7. 2023-08-31
    ⚠️
    liquidation-voluntary-statement-of-affairs
    insolvency · LIQ02
  8. 2023-01-30
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  9. 2023-01-30
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  10. 2023-01-30
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  11. 2023-01-24
    LEWIS, Stephen John resigned
    director
  12. 2022-11-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2021-11-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2020-02-27
    🏢
    Company incorporated
    As MPW (SWANSEA) LTD
  15. 2020-02-27
    BELLIS, David Robert appointed
    director
  16. 2020-02-27
    LEWIS, Stephen John appointed
    director
  17. 2020-02-27
    📄
    incorporation-company
    incorporation · NEWINC

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

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: 2023-11-30

Confirmation statement overdue
high

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

Evidence: Next due: 2025-02-13

Company in liquidation
high

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

5 insolvency-related filings on record
high

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

Evidence: 2025-09-01: liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date; 2024-09-12: liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr David Robert Bellis
Individual · British · DOB 01/1984 · age 42
75100%
75–100%board control75-100% shares · 75-100% voting · board control27/02/2020
1 historic (ceased) PSC
  • Mr Stephen John Lewisceased 24/01/2023· 25-50% shares · 25-50% voting · board control

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
Incorporated2020-02-27
Jurisdictionwales
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

10 St Helen's Road
Swansea
SA1 4AW

Filing status

Accounts
Next due: 2023-11-30OVERDUE
Last made up to: 2022-02-28
Confirmation statement
Next due: 2025-02-13OVERDUE
Last: 2024-01-30

Officers (1 active · 1 resigned)

BELLIS, David Robert
director · ~42y · appointed 2020-02-27
View their other companies + combined net worth →
Active
LEWIS, Stephen John
director · ~51y · appointed 2020-02-27 · resigned 2023-01-24
Resigned

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

Recent filings (17 total)

liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date
insolvency · LIQ03
2025-09-01
liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date
insolvency · LIQ03
2024-09-12
liquidation-disclaimer-notice
insolvency · NDISC
2024-03-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-13
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-09-01
liquidation-voluntary-appointment-of-liquidator
insolvency · 600
2023-09-01
resolution
resolution · RESOLUTIONS
2023-09-01
liquidation-voluntary-statement-of-affairs
insolvency · LIQ02
2023-08-31
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-01-30
confirmation-statement-with-updates
confirmation-statement · CS01
2023-01-30
termination-director-company-with-name-termination-date
officers · TM01
2023-01-30
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-01-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-11-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-11-26