BROMFORD IRON AND STEEL COMPANY LIMITED
Opportunity 52/100 (worth a look), bankability 42/100. 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: Consolidate lender relationships. 8 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: asset disposal / carve-out (45/100). Current lenders should be on monthly review.
Refinance opportunity
11 live charges · 8 lenders · oldest 59.3y
Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.
- · Oldest live charge is 59.3 years old — likely at or near maturity.
- · 8 lenders named — inter-creditor friction likely.
- · Legal-friction score 65/100 (specialist).
Data confidence
Overall: medium (60/100)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 (102 events)Click to expand
- 2021-12-30⚠️gazette-dissolved-liquidationgazette · GAZ2
- 2021-12-30🏁Company dissolved
- 2021-09-30⚠️liquidation-in-administration-move-to-dissolutioninsolvency · AM23
- 2021-04-28⚠️liquidation-in-administration-progress-reportinsolvency · AM10
- 2021-03-01⚠️liquidation-in-administration-progress-reportinsolvency · AM10
- 2021-01-19⚠️liquidation-in-administration-appointment-of-a-replacement-or-additional-administratorinsolvency · AM11
- 2021-01-19⚠️liquidation-in-administration-removal-of-administrator-from-officeinsolvency · AM16
- 2020-11-04⚠️liquidation-in-administration-progress-reportinsolvency · AM10
- 2020-09-18⚠️liquidation-in-administration-extension-of-periodinsolvency · AM19
- 2020-05-05⚠️liquidation-in-administration-progress-reportinsolvency · AM10
- 2019-11-12⚠️liquidation-in-administration-result-creditors-meetinginsolvency · AM07
- 2019-11-08⚠️liquidation-in-administration-result-creditors-meetinginsolvency · AM07
- 2019-10-31⚠️liquidation-in-administration-statement-of-affairs-with-form-attachedinsolvency · AM02
- 2019-10-15📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2019-10-10⚠️liquidation-in-administration-proposalsinsolvency · AM03
- 2019-10-02⚠️liquidation-in-administration-appointment-of-administratorinsolvency · AM01
- 2019-06-05📄termination-director-company-with-name-termination-dateofficers · TM01
- 2019-03-31➖RICH, Andrew Charles resigneddirector
- 2018-08-22📄accounts-with-accounts-type-smallaccounts · AA
- 2018-01-12📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2018-01-12🔒Charge registered #11Lender: Close Brothers Limited (The “Security Trustee”)
- 2018-01-08📄mortgage-satisfy-charge-fullmortgage · MR04
- 2018-01-08🔓Charge satisfied #10
- 2017-12-21📄accounts-with-accounts-type-smallaccounts · AA
- 2017-11-16📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2017-11-10🔒Charge registered #10Lender: Barclays Bank PLC
- 2017-05-10➖RICH, Andrew Charles resigneddirector
- 2017-05-10📄termination-director-company-with-name-termination-dateofficers · TM01
- 2016-12-14🔓Charge satisfied #8
- 2016-12-02🔒Charge registered #9Lender: Close Brothers LTD ("the Security Trustee")
- 2016-05-15➕RICH, Andrew Charles appointeddirector
- 2015-06-01➖RICH, Andrew Charles resigneddirector
- 2014-11-17➕RICH, Andrew Charles appointeddirector
- 2014-11-17➕RICH, Andrew Charles appointeddirector
- 2014-08-18➕COLES, Martyn appointedsecretary
- 2014-08-18➕DAVIES, Peter Francis appointeddirector
- 2014-08-18➕HUTTON-PENMAN, Christopher appointeddirector
- 2014-08-18➕WALTERS, Stephen Harold appointeddirector
- 2014-08-18➖HUMPHREYS, John Christopher resignedsecretary
- 2014-08-18➖MUIR, Derek William resigneddirector
- 2014-08-18➖PEGLER, Mark resigneddirector
- 2014-08-18🔒Charge registered #8Lender: Ge Capital Bank Limited
- 2010-06-30➖LOMBARDI, Peter Francis resigneddirector
- 2008-03-11➖BURR, Christopher John resigneddirector
- 2008-03-11➕PEGLER, Mark appointeddirector
- 2007-07-20🔓Charge satisfied #7
- 2007-04-30➖HADEN, Edward Stanley resigneddirector
- 2007-04-30➖ISHERWOOD, Philip Peter resigneddirector
- 2007-04-11➖GROVE, David Leslie resigneddirector
- 2007-04-11➕MUIR, Derek William appointeddirector
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- -5 active directors: Broader management team in place — suggests transferable governance.
- +Long-tenure founder: Senior director has been in place 24 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 83 — succession pressure is live.
Succession & seller-readiness
Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
- primaryFounder aged 70+: Senior director is approximately 83 years old. Natural succession window is now.
- primary20+ year tenure: Director in role 24 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 78 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 · 1 med ·Company has been dissolved — it no longer legally exists. Any diligence here is historical only.
Evidence: Dissolved on 2021-12-30
Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2021-12-30: gazette-dissolved-liquidation; 2021-09-30: liquidation-in-administration-move-to-dissolution
Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
Original Steel Services Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
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 |
|---|---|---|---|---|
Original Steel Services Limited Corporate entity | 75–100% | 75–100% | board controlsig. influence75-100% shares · 75-100% voting · board control · significant influence · firm interest | 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.
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 · 29 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Close Brothers Close Brothers Limited (The “Security Trustee”) | A registered charge | — | 12/01/2018 | — | |
| satisfied | Barclays Barclays Bank PLC | A registered charge | — | 10/11/2017 | 08/01/2018 | |
| outstanding | Close Brothers Close Brothers LTD ("the Security Trustee") | A registered charge | — | 02/12/2016 | — | |
| satisfied | Ge Capital Bank Ge Capital Bank Limited | A registered charge | 1 property | 18/08/2014 | 14/12/2016 | |
| satisfied | Barclays Barclays Bank PLC (The Security Trustee) | Security agreement | 1 property | 12/09/2003 | 20/07/2007 | |
| satisfied | Barclays Barclays Bank PLC (The "Security Agent") as Agent and Trustee for Thefinance Parties (as Defined in the Credit Agreement) | Security agreement between the chargor, the original guarantors and the agent (as defined) (the "security agreement") | 1 property | 14/09/2001 | 27/02/2004 | |
| satisfied | Midland Bank Midland Bank PLC | Fixed and floating charge | 1 property | 16/12/1993 | 25/11/1995 | |
| satisfied | Midland Bank Midland Bank PLC | Charge | 1 property | 23/12/1982 | 04/10/1989 | |
| satisfied | Midland Bank Midland Bank PLC | Mortgage & charge | 1 property | 16/01/1967 | 16/06/1995 | |
| satisfied | Scottish Widows Fund & Life Assurance Society | Mortgage | 2 properties | 16/01/1967 | 16/06/1995 | |
| satisfied | Scottish Widows Fund & Life Assurance Society | Legal charge | 1 property | 16/01/1967 | 16/06/1995 |