IMAJICA LIMITED
- · Oldest live charge 28.3y old — refinance window within 12 months
- 7222SIC 7222
Opportunity 53/100 (worth a look), bankability 55/100. Strong seller-intent signal (78/100, director aged 69). 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: share sale to pe / searcher (50/100). Current lenders should be on monthly review.
Refinance opportunity
1 live charge · oldest 28.3y
Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.
- · Oldest live charge is 28.3 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Legal-friction score 45/100 (high).
Data confidence
Overall: low (49/100)Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.
Mixed signal. Worth opening the full target workup before deciding to pursue.
Recent activity
Corporate timeline (39 events)Click to expand
- 2014-02-14⚠️gazette-dissolved-liquidationgazette · GAZ2
- 2014-02-14🏁Company dissolved
- 2013-11-14⚠️liquidation-voluntary-return-of-final-meeting-scotlandinsolvency · 4.26(Scot)
- 2013-11-14⚠️liquidation-compulsory-return-of-final-meeting-scotlandinsolvency · 4.17(Scot)
- 2011-10-26📍change-registered-office-address-company-with-date-old-addressaddress · AD01
- 2011-10-26📄resolutionresolution · RESOLUTIONS
- 2011-09-07📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2010-10-08📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2010-10-08📄change-person-director-company-with-change-dateofficers · CH01
- 2010-10-08📄change-person-director-company-with-change-dateofficers · CH01
- 2010-10-05📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2009-09-02📄legacyannual-return · 363a
- 2009-08-14📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2008-07-31📄legacyannual-return · 363a
- 2008-07-31📄legacyofficers · 288c
- 2008-06-23📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2007-07-23📄legacyannual-return · 363a
- 2007-07-05📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2006-11-10📄legacyannual-return · 363a
- 2006-09-11📄legacyofficers · 288c
- 2006-06-09📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2005-08-08📄legacyofficers · 288a
- 2005-08-08📄legacyofficers · 288b
- 2005-08-08📍legacyaddress · 287
- 2005-07-31➕ROCHE, David Christopher appointedsecretary
- 2005-07-31➖PETERKINS resignedcorporate-secretary
- 2005-07-27📄legacyannual-return · 363a
- 2005-07-26📄legacyofficers · 288c
- 1999-01-15➕ROCHE, David Christopher appointeddirector
- 1999-01-15➖RILEY, Helen resigneddirector
- 1998-01-22🔒Charge registered #1Lender: The Governor and Company of the Bank of Scotland
- 1995-09-19➕RILEY, Jeffrey Alexander appointeddirector
- 1995-09-19➖HUNTER, Neil Cameron resignednominee-director
- 1995-09-19➖RENNIE, Thomas George resignednominee-director
- 1995-09-19➕RILEY, Helen appointeddirector
- 1995-07-20🏢Company incorporatedAs IMAJICA LIMITED
- 1995-07-20➕PETERKINS appointedcorporate-secretary
- 1995-07-20➕HUNTER, Neil Cameron appointednominee-director
- 1995-07-20➕RENNIE, Thomas George appointednominee-director
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Long-tenure founder: Senior director has been in place 31 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 69 — succession pressure is live.
Succession & seller-readiness
Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
- primaryFounder aged 63+: Senior director is approximately 69. Approaching typical UK retirement age — succession thinking likely.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- primary20+ year tenure: Director in role 31 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 31 years old and no new directors in the last 3 years — succession not yet being planned internally.
- 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 2014-02-14
Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2014-02-14: gazette-dissolved-liquidation; 2013-11-14: liquidation-voluntary-return-of-final-meeting-scotland
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
See pricing →Similar companies
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10 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 · 4 resigned)
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Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Bond & floating charge | 1 property | 22/01/1998 | — |