CABLE CHUTES II LIMITED
- · Thesis: well-run, low negotiation leverage
Opportunity 76/100 (strong), bankability 52/100. High owner-dependency — earn-out structure likely required for clean transition. Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).
Refinance opportunity
8 live charges · 4 lenders · oldest 15.9y
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 15.9 years old — likely at or near maturity.
- · 4 lenders named — inter-creditor friction likely.
- · Legal-friction score 40/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (77/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredKey financials
1 year extracted from filed iXBRL accountsFinancials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-03-24 |
|---|---|
| Total assets | £87.5k |
| Current assets | £122.5k |
| Net assets | £87.5k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
Recent activity
- • 1 confirmation-statement
- • 1 accounts
- • 1 mortgage
Corporate timeline (40 events)Click to expand
- 2025-12-18📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2025-12-16📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-12-16🔓Charge satisfied #2
- 2025-11-28📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-11-28📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-11-28🔒Charge registered #8Lender: Lombard North Central PLC
- 2025-11-28🔒Charge registered #7Lender: National Westminster Bank PLC
- 2025-04-02📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-04-02📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-04-01🔒Charge registered #6Lender: National Westminster Bank PLC
- 2025-04-01🔒Charge registered #5Lender: Lombard North Central PLC
- 2024-12-18📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-11-21📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-12-07📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-12-14📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-03-19📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-02-04📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2020-01-14📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-12-31📄accounts-with-accounts-type-fullaccounts · AA
- 2017-09-21📄accounts-with-accounts-type-fullaccounts · AA
- 2016-07-08🔒Charge registered #4Lender: Lombard North Central PLC
- 2016-06-10🔓Charge satisfied #3
- 2013-11-15➖CAM, David Edward resignedsecretary
- 2012-08-03🔒Charge registered #3Lender: Lancashire County Council
- 2010-07-23🔒Charge registered #2Lender: Blackpool Borough Council
- 2010-07-09🔒Charge registered #1Lender: National Westminster Bank PLC
- 2008-09-01➕THOMPSON, Nicholas William Robert appointeddirector
- 2001-10-31➖THOMPSON, Nicholas William Robert resigneddirector
- 1994-12-15➖POWELL, Derek John resigneddirector
- 1994-08-31➖CAM, David Edward resigneddirector
- 1994-08-31➖CORFIELD, Anthony John resigneddirector
- 1994-08-31➖KENNEDY, Arthur resigneddirector
- 1994-08-31➖STONES, Peter John resigneddirector
- 1994-08-31➖THOMPSON, Barbara Joan resigneddirector
- 1994-08-31➖THOMPSON, Lilian Doris resigneddirector
- 1994-08-31➖THOMPSON, William Geoffrey resigneddirector
- 1994-08-31➖WESTGATE, Dudley Charles Salmon resigneddirector
- 1993-11-01➕POWELL, Derek John appointeddirector
- 1993-05-31➖SWINDLEHURST, Philip resigneddirector
- 1907-02-27🏢Company incorporatedAs CABLE CHUTES II LIMITED
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +Long-tenure founder: Senior director has been in place 18 years — deep operational knowledge concentrated in one person.
- +Senior director age: Director aged approximately 64 — approaching natural succession window.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.
- primaryFounder aged 63+: Senior director is approximately 64. Approaching typical UK retirement age — succession thinking likely.
- secondary12+ year tenure: Director in role 18 years.
- secondaryStable-but-static management: Company is 119 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
1 med · 1 lowMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Peter James Bates Individual · British · DOB 11/1958 · age 68 | 50–75% | — | 50-75% shares | 30/06/2016 |
Mrs Amanda Jean Thompson Individual · British · DOB 09/1962 · age 64 | — | 25–50% | 25-50% voting | 06/04/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
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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 →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 (3 active · 12 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lombard North Central Lombard North Central PLC | A registered charge | 1 property | 28/11/2025 | — | |
| outstanding | National Westminster Bank National Westminster Bank PLC | A registered charge | 1 property | 28/11/2025 | — | |
| outstanding | National Westminster Bank National Westminster Bank PLC | A registered charge | — | 01/04/2025 | — | |
| outstanding | Lombard North Central Lombard North Central PLC | A registered charge | — | 01/04/2025 | — | |
| outstanding | Lombard North Central Lombard North Central PLC | A registered charge | — | 08/07/2016 | — | |
| satisfied | Lancashire County Council | Composite guarantee and debenture | 1 property | 03/08/2012 | 10/06/2016 | |
| satisfied | Blackpool Borough Council | Debenture | 1 property | 23/07/2010 | 16/12/2025 | |
| outstanding | National Westminster Bank National Westminster Bank PLC | Debenture | 1 property | 09/07/2010 | — |