NORGINE LIMITED
🌳Matureactive
00215668 · ltd · incorporated 1926-08-14
Investment thesis
Well-run mature business — low negotiation leverage; premium likely.
Why interesting: Textbook target; clean filings, stable trading.
Why risky: No pressure on seller; any deal likely at full price.
Opportunity decay
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
- · Thesis: well-run, low negotiation leverage
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
71/100
Strong
What this business does
Primary activity: SIC 21100
Sector: Manufacturing
Investor take
PursueStrong opportunity: active trading company with strong profile and acceptable with review structure.
Opportunity 71/100 (strong), bankability 67/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 10 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (50/100).
🏦
Refinance opportunity
11 live charges · 10 lenders · oldest 57.0y
25/100
too messy
Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.
- · Oldest live charge is 57.0 years old — likely at or near maturity.
- · 10 lenders named — inter-creditor friction likely.
- · Legal-friction score 45/100 (high).
Data confidence
Overall: medium (58/100)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
No iXBRL financials extracted
0
Lenders & charges
11 charges (11/11 with lender, 11/11 with type)
90
Directors & officers
39 officers (4 active, 39 linked, 31 with DOB)
86
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
6 connected companies via shared directors
63
Filing history
228 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
71/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
50
Some acquirability indicators.
Risk profile
74
Few red flags.
Signal strength
100
Good data coverage for analysis.
Recent activity
Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
1
filing
- • 1 mortgage
Counts from Companies House filing history.
Corporate timeline (111 events)Click to expand
- 2026-01-02📄mortgage-charge-part-both-with-charge-numbermortgage · MR05
- 2025-10-04📄accounts-with-accounts-type-fullaccounts · AA
- 2025-07-31📍change-sail-address-company-with-old-address-new-addressaddress · AD02
- 2025-03-04📄change-person-director-company-with-change-dateofficers · CH01
- 2025-02-24📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2025-02-03📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC05
- 2024-12-17📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-12-04➕VAN DER KAMP, Hilde Johanna appointeddirector
- 2024-12-03📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-11-15➖STEIN, Peter Michael resigneddirector
- 2024-10-10📄accounts-with-accounts-type-fullaccounts · AA
- 2024-10-09📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-10-09📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-10-02📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-09-30➖BATH, Christopher William resigneddirector
- 2024-09-29➕STEIN, Peter Michael appointeddirector
- 2024-09-27🔒Charge registered #11Lender: Ing Bank N.V., London Branch (And Its Successors in Title and Permitted Transferees)
- 2024-09-18📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-09-01➕BARRETO MARTINIANO, Saulo appointeddirector
- 2024-08-05📄second-filing-of-director-appointment-with-nameofficers · RP04AP01
- 2024-07-08📄change-person-director-company-with-change-dateofficers · CH01
- 2024-05-07📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-05-07🔓Charge satisfied #10
- 2023-10-06📄accounts-with-accounts-type-fullaccounts · AA
- 2023-05-15📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2023-05-15📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2023-05-02📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-04-30➖ROCHE, Lesley Sharon resigneddirector
- 2023-03-15📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-03-09🔒Charge registered #10Lender: Ing Bank N.V., London Branch as Security Agent
- 2022-12-15📄mortgage-satisfy-charge-fullmortgage · MR04
- 2022-12-15🔓Charge satisfied #9
- 2022-12-15🔓Charge satisfied #8
- 2021-12-07➖MOSES, Alison Philamin resignedsecretary
- 2021-08-31🔒Charge registered #9Lender: Rbc Europe Limited
- 2021-05-28➖PAY, Paul William resigneddirector
- 2021-04-30➖BLACKMORE, Francis Andrew resignedsecretary
- 2021-04-30➕MOSES, Alison Philamin appointedsecretary
- 2020-11-04➕FINNEY, Gareth James appointeddirector
- 2020-10-14➖BUSSEY, Tara resigneddirector
- 2020-07-30➕ROCHE, Lesley Sharon appointeddirector
- 2020-06-30➖MARTIN, Peter resigneddirector
- 2020-03-13➕JONES, John Leighton, Dr appointeddirector
- 2020-03-13➖LEDOUBLE, Jean-Roch Guy Nicolas resigneddirector
- 2017-12-15➕LEDOUBLE, Jean-Roch Guy Nicolas appointeddirector
- 2017-12-15➕PAY, Paul William appointeddirector
- 2017-12-15➖SCRIMGEOUR, Kenneth Eric resigneddirector
- 2017-12-15➖TIMMINS, Dawn Lesley resigneddirector
- 2017-08-02🔒Charge registered #8Lender: Rbc Europe Limited as Security Agent
- 2017-07-31🔓Charge satisfied #7
Showing most recent 50 of 111 events
Owner dependency
40/100
Moderate — manageable with handoverSome founder dependency, but not acute. A structured handover period should cover most risk.
FACTORS
- -4 active directors: Broader management team in place — suggests transferable governance.
Succession & seller-readiness
30/100
Weak signalLimited succession signal. Not a near-term off-market candidate.
Red flags
1 med · 1 lowCharge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Multiple registered office changes
lowMultiple address changes in a short period can indicate operational instability or admin disorder.
Group structure
Spinnaker Debtco Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Spinnaker Debtco Limited
Corporate parent · holds 75-100% shares · board control
⬇
NORGINE LIMITED
This company · 00215668
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Spinnaker Debtco Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 14/12/2022 |
2 historic (ceased) PSCs
- Mr Peter Michael Steinceased 14/12/2022· significant influence
- Norgine B.V.ceased 06/04/2016· 75-100% shares
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 →Similar companies
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|---|---|---|---|---|---|---|---|
| 1ST CHOICE FIRE PROTECTION (WALES) LTD→ 06768216 · est 2008 · no financials extracted | — | — | — | — | 17y | — | — |
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| ACCENTU8 LIMITED→ 08908510 · est 2014 · no financials extracted | — | — | — | — | 12y | — | — |
| ACE ORTHOTICS LIMITED→ 04088974 · est 2000 · no financials extracted | — | — | — | — | 25y | — | — |
| ACE ROLLER SHUTTERS LTD→ 16178970 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| ACEROD AIRCRAFT ENGINEERING LIMITED→ 13781852 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| ACRO YOGA TRAVELS LIMITED→ 14125726 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
6 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
Statusactive
Typeltd
Incorporated1926-08-14
Jurisdictionengland-wales
Primary SIC21100 — SIC 21100
Registered office
New Road
Tir-Y-Berth
Hengoed
Wales
CF82 8SJ
Wales
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-08-08
Last: 2025-07-25
Officers (4 active · 35 resigned)
BARRETO MARTINIANO, Saulo→
Activedirector · ~54y · appointed 2024-09-01
View their other companies + combined net worth →
FINNEY, Gareth James→
Activedirector · ~46y · appointed 2020-11-04
View their other companies + combined net worth →
JONES, John Leighton, Dr→
Activedirector · ~49y · appointed 2020-03-13
View their other companies + combined net worth →
VAN DER KAMP, Hilde Johanna→
Activedirector · ~51y · appointed 2024-12-04
View their other companies + combined net worth →
BLACKMORE, Francis Andrew→
Resignedsecretary · appointed 2013-11-26 · resigned 2021-04-30
DEECH, John Stewart, Dr→
Resignedsecretary · appointed 1991-11-29 · resigned 1992-03-01
EKE, Frederick John→
Resignedsecretary · appointed 1992-03-01 · resigned 1996-02-21
LAWTHER, William Michael→
Resignedsecretary · resigned 1991-11-29
MOSES, Alison Philamin→
Resignedsecretary · appointed 2021-04-30 · resigned 2021-12-07
RUELLE, Paul John→
Resignedsecretary · appointed 2009-01-22 · resigned 2013-11-26
TODD, David Robert→
Resignedsecretary · appointed 2006-03-27 · resigned 2009-01-22
ABOGADO NOMINEES LIMITED→
Resignedcorporate-nominee-secretary · appointed 1996-03-01 · resigned 2006-03-27
ANDRE, Georges→
Resigneddirector · ~75y · appointed 2006-03-27 · resigned 2012-03-16
BATH, Christopher William→
Resigneddirector · ~52y · appointed 2014-11-25 · resigned 2024-09-30
BUSSEY, Tara→
Resigneddirector · ~52y · appointed 2016-03-09 · resigned 2020-10-14
COX, Ian→
Resigneddirector · ~57y · appointed 2011-02-22 · resigned 2014-10-15
DOLLOW, Stuart Clive, Dr→
Resigneddirector · ~64y · appointed 2010-01-04 · resigned 2011-02-21
GALLINGTON, Martin Roy→
Resigneddirector · ~71y · appointed 2006-03-27 · resigned 2007-08-24
HARSANT, Peter Robert→
Resigneddirector · ~82y · appointed 1991-11-01 · resigned 2005-02-21
HEANEY, James Arnold→
Resigneddirector · ~69y · appointed 1997-03-01 · resigned 2005-03-04
Click a director name to see their full track record across all companies.
Mortgages & charges
11
Total charges
1
Outstanding
1
Active lenders
Status:Lender:11 of 11 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Ing Bank N.V., London Branch (And Its Successors in Title and Permitted Transferees) | A registered charge | — | 27/09/2024 | — | |
| satisfied | Ing Bank N.V., London Branch as Security Agent | A registered charge | — | 09/03/2023 | 07/05/2024 | |
| satisfied | Rbc Europe Rbc Europe Limited | A registered charge | 1 property | 31/08/2021 | 15/12/2022 | |
| satisfied | Rbc Europe as Security Agent Rbc Europe Limited as Security Agent | A registered charge | 1 property | 02/08/2017 | 15/12/2022 | |
| satisfied | Cooperatieve Centrale Raiffeisen-Boerenleenbank B.A. | Mortgage | 1 property | 22/12/2009 | 31/07/2017 | |
| satisfied | Cooperatieve Centrale Raiffeisen-Boerenleenbank B.A. | Mortgage | 2 properties | 09/07/2003 | 28/01/2010 | |
| satisfied | Cooperative Centrale Raiffeisen-Boerenleenbank B.A. | Mortgage | 1 property | 18/09/2000 | 28/01/2010 | |
| satisfied | Close Brothers Close Brothers Limited | A credit agreement entitled "prompt credit application" | 1 property | 11/06/1993 | 25/05/1994 | |
| satisfied | Barclays Barclays Bank PLC | Legal charge | 1 property | 17/12/1984 | 05/10/2000 | |
| satisfied | Barclays Barclays Bank LTD | Debenture | 1 property | 12/10/1970 | 05/12/2006 | |
| satisfied | The Council for Urban District of Gelligaer. | Legal charge | 1 property | 30/05/1969 | 21/01/2008 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (228 total)
mortgage-charge-part-both-with-charge-number
mortgage · MR05
2026-01-02
accounts-with-accounts-type-full
accounts · AA
2025-10-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-08-01
change-sail-address-company-with-old-address-new-address
address · AD02
2025-07-31
change-person-director-company-with-change-date
officers · CH01
2025-03-04
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-02-24
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2025-02-03
appoint-person-director-company-with-name-date
officers · AP01
2024-12-17
termination-director-company-with-name-termination-date
officers · TM01
2024-12-03
accounts-with-accounts-type-full
accounts · AA
2024-10-10
appoint-person-director-company-with-name-date
officers · AP01
2024-10-09
termination-director-company-with-name-termination-date
officers · TM01
2024-10-09
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-10-02
appoint-person-director-company-with-name-date
officers · AP01
2024-09-18
second-filing-of-director-appointment-with-name
officers · RP04AP01
2024-08-05