FAN SYSTEMS GROUP LIMITED
🌳Matureactive
00479576 · ltd · incorporated 1950-03-16
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
—
book net assets
Opportunity
80/100
Exceptional
What this business does
Primary activity: SIC 28990
Sector: Manufacturing
Investor take
PursueActive trading company with a 71-year-old founder — textbook succession opportunity.
Opportunity 80/100 (exceptional), bankability 67/100. Strong seller-intent signal (73/100, director aged 71). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 8 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).
🏦
Refinance opportunity
11 live charges · 8 lenders · oldest 56.3y
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 56.3 years old — likely at or near maturity.
- · 8 lenders named — inter-creditor friction likely.
- · Legal-friction score 45/100 (high).
Data confidence
Overall: high (80/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
Company profile
address, 1 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
11 charges (11/11 with lender, 11/11 with type)
90
Directors & officers
23 officers (5 active, 23 linked, 12 with DOB)
80
Ownership & PSC
3 active PSC(s) of 3 total, 3 with control declared
90
Director network
5 connected companies via shared directors
60
Filing history
159 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
80/100Exceptional
PassWatchWorth a lookStrongExceptional
Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
85
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Average employees | 7700 | 7100 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
2 signals detected in this company's narrative notes — going-concern language, audit opinion, contingent liabilities, related-party transactions.
Available from the Pro tier upwards.
See pricing →Recent activity
Last 30 days
1
filing
- • 1 confirmation-statement
Last 90 days
1
filing
- • 1 confirmation-statement
Last 180 days
1
filing
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (77 events)Click to expand
- 2025-12-08📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-12-08📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-12-01➕BROWN, Gifford Anton appointeddirector
- 2025-12-01➖BARNES, Timothy Miles Henry resigneddirector
- 2025-09-29📄accounts-with-accounts-type-smallaccounts · AA
- 2025-07-02📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-06-26➕SINCLAIR, Lee appointeddirector
- 2024-09-27📄accounts-with-accounts-type-smallaccounts · AA
- 2024-01-06📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2024-01-06📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2024-01-03➕RYMARZ, Ela appointedsecretary
- 2024-01-03➖REDDINGTON, Joseph resignedsecretary
- 2023-10-07📄accounts-with-accounts-type-smallaccounts · AA
- 2023-07-24📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2023-07-24📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2023-07-21➖COOK, David resignedsecretary
- 2023-07-21➕REDDINGTON, Joseph appointedsecretary
- 2023-07-10📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2023-07-07📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2023-07-03➕COOK, David appointedsecretary
- 2023-07-03➖REDDINGTON, Joseph Luke resignedsecretary
- 2022-12-08📄termination-director-company-with-name-termination-dateofficers · TM01
- 2022-12-06📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2022-12-06📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2022-12-01➕REDDINGTON, Joseph Luke appointedsecretary
- 2022-11-30➖WHITE, Karen Ann resignedsecretary
- 2022-11-25➖BOOTH, Martin resigneddirector
- 2022-09-29📄accounts-with-accounts-type-smallaccounts · AA
- 2022-03-18➖BINGLEY, Kimberly Jen resignedsecretary
- 2022-03-18➕WHITE, Karen Ann appointedsecretary
- 2022-03-18📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2022-03-18📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2021-09-28📄accounts-with-accounts-type-smallaccounts · AA
- 2020-12-01➕BARNES, Timothy Miles Henry appointeddirector
- 2020-09-15🔓Charge satisfied #10
- 2020-09-15🔓Charge satisfied #9
- 2020-09-15🔓Charge satisfied #8
- 2020-09-15🔓Charge satisfied #7
- 2020-09-15🔓Charge satisfied #6
- 2020-09-15🔓Charge satisfied #5
- 2019-07-15➕BINGLEY, Kimberly Jen appointedsecretary
- 2019-05-19➖ASHWORTH, John Steven resignedsecretary
- 2015-05-15🔒Charge registered #11Lender: Hsbc Bank PLC
- 2013-03-01➕ASHWORTH, John Steven appointedsecretary
- 2013-03-01➖WITT, Karsten Christian resignedsecretary
- 2012-02-17🔒Charge registered #10Lender: Lloyds Tsb Bank PLC
- 2009-02-09🔒Charge registered #9Lender: Lloyds Tsb Bank PLC
- 2005-06-10➖WITT, Hans Gunther, Prof Dr resigneddirector
- 2004-03-31➖WEHDEN, Ernst Frederick resigneddirector
- 2004-03-30➕BOOTH, Martin appointeddirector
Showing most recent 50 of 77 events
Owner dependency
73/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- -4 active directors: Broader management team in place — suggests transferable governance.
- +Long-tenure founder: Senior director has been in place 33 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 71 — succession pressure is live.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
80/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 71 years old. Natural succession window is now.
- primary20+ year tenure: Director in role 33 years. Very long tenure is a classic succession signal.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
1 med ·Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
Witt & Son Uk Holdings Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Witt & Son Uk Holdings Limited
Corporate parent · holds 75-100% shares · board control
⬇
FAN SYSTEMS GROUP LIMITED
This company · 00479576
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
3 active beneficial owners · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Witt & Son Uk Holdings Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control · firm interest | 06/04/2016 |
Mr Karsten Christian Witt Individual · Swedish · DOB 08/1958 · age 68 | — | — | sig. influencesignificant influence | 20/07/2016 |
Dr Henrik Torsten Witt Individual · Swedish · DOB 05/1955 · age 71 | — | — | sig. influencesignificant influence | 20/07/2016 |
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
Active · Manufacturing · HX postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| EXHAUST EJECTOR CO.LIMITED(THE)→ 00539526 · est 1954 · no financials extracted | — | — | — | — | 71y | — | — |
| FIERRO WORKS LIMITED→ 16541503 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| FINISHING DESIGN SERVICES LIMITED→ 03823810 · est 1999 · no financials extracted | — | — | — | — | 26y | — | — |
| FLOOD SMART SYSTEMS LIMITED→ 11172851 · est 2018 · no financials extracted | — | — | — | — | 8y | — | — |
| FLOWQUIP LIMITED→ 01623009 · est 1982 · no financials extracted | — | — | — | — | 44y | — | — |
| FLUID DRAPE LOGIC LTD→ 13596109 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| FOUR FROG INSTRUMENTS LTD→ 15483386 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| FRANCIS MOORE (SPECIALIST WEAVERS) LIMITED→ 04490212 · est 2002 · no financials extracted | — | — | — | — | 23y | — | — |
| FRIENDLY SOAP LIMITED→ 03191872 · est 1996 · no financials extracted | — | — | — | — | 29y | — | — |
| G BATEMAN FABRICATIONS ENGINEERING SOLUTIONS LIMITED→ 05719962 · est 2006 · no financials extracted | — | — | — | — | 20y | — | — |
| G BATEMAN FABRICATIONS LTD→ 05626882 · est 2005 · no financials extracted | — | — | — | — | 20y | — | — |
| GARDEN GATE SERVICES LIMITED→ 06297139 · est 2007 · no financials extracted | — | — | — | — | 18y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
7 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
Incorporated1950-03-16
Jurisdictionengland-wales
Primary SIC28990 — SIC 28990
Registered office
Witt House Wade House Road
Shelf
Halifax
West Yorkshire
HX3 7BJ
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-07-14
Last: 2026-06-30
Officers (5 active · 18 resigned)
Active
BROWN, Gifford Anton→
Activedirector · ~56y · appointed 2025-12-01
View their other companies + combined net worth →
SINCLAIR, Lee→
Activedirector · ~46y · appointed 2025-06-26
View their other companies + combined net worth →
WITT, Henrik Torsten, Dr→
Activedirector · ~71y · appointed 1993-08-18
View their other companies + combined net worth →
WITT, Karsten Christian→
Activedirector · ~68y · appointed 1993-08-18
View their other companies + combined net worth →
ASHWORTH, John Steven→
Resignedsecretary · appointed 2013-03-01 · resigned 2019-05-19
BINGLEY, Kimberly Jen→
Resignedsecretary · appointed 2019-07-15 · resigned 2022-03-18
COOK, David→
Resignedsecretary · appointed 2023-07-03 · resigned 2023-07-21
REDDINGTON, Joseph→
Resignedsecretary · appointed 2023-07-21 · resigned 2024-01-03
REDDINGTON, Joseph Luke→
Resignedsecretary · appointed 2022-12-01 · resigned 2023-07-03
TAYLOR, Virginia Clare→
Resignedsecretary · appointed 1997-10-01 · resigned 2002-04-05
THOMPKINS, Wilfred Norman→
Resignedsecretary · resigned 1993-10-27
WHITE, Karen Ann→
Resignedsecretary · appointed 2022-03-18 · resigned 2022-11-30
WITT, Karsten Christian→
Resignedsecretary · appointed 2002-04-05 · resigned 2013-03-01
WITT, Karsten Christian→
Resignedsecretary · appointed 1993-10-27 · resigned 1997-10-01
BARNES, Timothy Miles Henry→
Resigneddirector · ~60y · appointed 2020-12-01 · resigned 2025-12-01
BOOTH, Martin→
Resigneddirector · ~74y · appointed 2004-03-30 · resigned 2022-11-25
CILIA, John Lawrence→
Resigneddirector · ~75y · resigned 1993-08-18
COUCH, Cyril Albert→
Resigneddirector · ~102y · resigned 1993-08-18
HUDSON, Walter Price→
Resigneddirector · ~118y · resigned 1992-01-31
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 | HSBC Hsbc Bank PLC | A registered charge | 1 property | 15/05/2015 | — | |
| satisfied | Lloyds Banking Group Lloyds Tsb Bank PLC | Debenture | 1 property | 17/02/2012 | 15/09/2020 | |
| satisfied | Lloyds Banking Group Lloyds Tsb Bank PLC | An omnibus guarantee and set-off agreement | 1 property | 09/02/2009 | 15/09/2020 | |
| satisfied | Lloyds Banking Group Lloyds Bank PLC | Single debenture | 1 property | 06/12/1993 | 15/09/2020 | |
| satisfied | Witt & Son UK Witt & Son UK Limited | Debenture | 1 property | 18/08/1993 | 15/09/2020 | |
| satisfied | Close Brothers Close Brothers Limited | Credit agreement | 1 property | 24/02/1993 | 15/09/2020 | |
| satisfied | Close Brothers Close Brothers Limited | Credit agreement | 1 property | 20/02/1992 | 15/09/2020 | |
| satisfied | Williams & Glyn's Bank Williams & Glyn's Bank Limited | Debenture | 1 property | 16/09/1981 | 18/08/1993 | |
| satisfied | Williams & Glyn's Bank Williams & Glyn's Bank Limited | Legal charge | 1 property | 16/05/1980 | 18/08/1993 | |
| satisfied | William & Glyn's Bank William & Glyn's Bank Limited | Legal charge | 1 property | 31/01/1980 | 27/04/2002 | |
| satisfied | Williams Deacon's Bank . Williams Deacon's Bank LTD. | Mortgage debenture | 1 property | 25/03/1970 | 27/04/2002 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (159 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-07-09
termination-director-company-with-name-termination-date
officers · TM01
2025-12-08
appoint-person-director-company-with-name-date
officers · AP01
2025-12-08
accounts-with-accounts-type-small
accounts · AA
2025-09-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-10
appoint-person-director-company-with-name-date
officers · AP01
2025-07-02
accounts-with-accounts-type-small
accounts · AA
2024-09-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-10
appoint-person-secretary-company-with-name-date
officers · AP03
2024-01-06
termination-secretary-company-with-name-termination-date
officers · TM02
2024-01-06
accounts-with-accounts-type-small
accounts · AA
2023-10-07
appoint-person-secretary-company-with-name-date
officers · AP03
2023-07-24
termination-secretary-company-with-name-termination-date
officers · TM02
2023-07-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-07-10
appoint-person-secretary-company-with-name-date
officers · AP03
2023-07-10