SOUTH EAST LEATHER LTD
Opportunity 57/100 (worth a look), bankability 65/100. 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: share sale to pe / searcher (73/100).
Data confidence
Overall: medium (55/100)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 (18 events)Click to expand
- 2024-10-22📄gazette-dissolved-compulsorygazette · GAZ2
- 2024-10-22🏁Company dissolved
- 2024-08-06📄gazette-notice-compulsorygazette · GAZ1
- 2024-06-13📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-02-23➖BAILEY, Stephen Andrew resigneddirector
- 2023-06-15📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-05-19📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-01-03➖BONEHAM, John Keith resigneddirector
- 2022-02-08📄change-person-director-company-with-change-dateofficers · CH01
- 2022-02-08📄change-person-director-company-with-change-dateofficers · CH01
- 2022-02-08📄change-person-director-company-with-change-dateofficers · CH01
- 2022-02-08📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2022-01-07📄change-account-reference-date-company-current-extendedaccounts · AA01
- 2021-09-15🏢Company incorporatedAs SOUTH EAST LEATHER LTD
- 2021-09-15➕MARSHALL, Andrew Robert appointeddirector
- 2021-09-15➕BAILEY, Stephen Andrew appointeddirector
- 2021-09-15➕BONEHAM, John Keith appointeddirector
- 2021-09-15📄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 62 — approaching natural succession window.
Succession & seller-readiness
Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.
- secondaryFounder aged 58+: Senior director is approximately 62. Early succession window.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
Red flags
1 high ·Company has been dissolved — it no longer legally exists. Any diligence here is historical only.
Evidence: Dissolved on 2024-10-22
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Stephen Andrew Bailey Individual · British · DOB 06/1961 · age 65 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 15/09/2021 |
Mr Andrew Robert Marshall Individual · British · DOB 08/1964 · age 62 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 15/09/2021 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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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.
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Registered office
Filing status
Officers (0 active · 2 resigned)
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