ASSOCIATED CREDITS LIMITED
Opportunity 75/100 (strong), bankability 57/100. Strong seller-intent signal (70/100, director aged 62). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 24 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: strategic trade sale (48/100).
Refinance opportunity
73 live charges · 24 lenders · oldest 53.6y
Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.
- · Oldest live charge is 53.6 years old — likely at or near maturity.
- · 24 lenders named — inter-creditor friction likely.
- · Legal-friction score 50/100 (high).
Data confidence
Overall: high (84/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.
Available from the Pro tier upwards.
See pricing →Solid opportunity signal. Worth a dedicated memo and management meeting.
Key financials
2 years extracted from filed iXBRL accountsHover 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 | 2 | 200 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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
- • 1 confirmation-statement
Corporate timeline (111 events)Click to expand
- 2025-09-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-02-19📄change-person-director-company-with-change-dateofficers · CH01
- 2024-09-25📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-09-25🔓Charge satisfied #2
- 2024-09-18📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-04-23📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2024-04-23📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2024-04-23📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2024-02-06➕WHITING, Mark Ashley appointedsecretary
- 2024-02-06➖FOULKES, Patricia Mary resignedsecretary
- 2024-02-06📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2024-02-06📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2023-09-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-02-08📄change-person-director-company-with-change-dateofficers · CH01
- 2023-02-08📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2023-02-08📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2022-09-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-09-22📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-10-20📄termination-director-company-with-name-termination-dateofficers · TM01
- 2020-10-09➖WHITING, Peter Francis resigneddirector
- 2020-09-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-07-23🔒Charge registered #73Lender: Aldermore Bank PLC
- 2017-08-31➖COPELAND, Steven resigneddirector
- 2015-11-16🔒Charge registered #72Lender: Investec Asset Finance PLC
- 2014-07-09➖ANDERSON, Kenneth William resigneddirector
- 2010-12-01➕WHITING, Russell Peter appointeddirector
- 2006-10-31🔒Charge registered #71Lender: Siemens Financial Services Limited
- 2006-07-25🔒Charge registered #70Lender: Ing Lease (UK) Limited
- 2006-04-04➖WORNE, Roderick Keith resigneddirector
- 2006-02-01🔒Charge registered #69Lender: The Royal Bank of Scotland PLC
- 2003-09-08🔒Charge registered #68Lender: Alliance & Leicester Commercial Finance PLC
- 2001-12-18🔒Charge registered #67Lender: First National Bank PLC
- 2001-01-12🔒Charge registered #66Lender: First National Bank PLC
- 1999-04-26➖WILD, James Anthony resigneddirector
- 1998-03-04🔒Charge registered #65Lender: Barclays Bank PLC
- 1996-06-04🔒Charge registered #64Lender: Japan Leasing (Europe) PLC
- 1995-06-21🔒Charge registered #63Lender: Singer & Friedlander Leasing Limited
- 1995-04-11🔒Charge registered #62Lender: The Co-Operative Bank PLC
- 1994-12-20🔒Charge registered #61Lender: Yorkshire Bank PLC
- 1994-10-14🔒Charge registered #60Lender: Yorkshire Bank PLC
- 1994-07-05➕FOULKES, Patricia Mary appointedsecretary
- 1994-06-28➖PILKINGTON, Roger Howarth resignedsecretary
- 1994-06-03🔒Charge registered #59Lender: Yorkshire Bank PLC
- 1993-12-20🔓Charge satisfied #48
- 1993-02-12🔒Charge registered #58Lender: Chartered Trust PLC
- 1993-01-05🔒Charge registered #57Lender: Chartered Trust Public Limited Company
- 1992-11-12🔒Charge registered #56Lender: Chartered Trust PLC
- 1992-11-02➕WHITING, Mark Ashley appointeddirector
- 1992-11-02➕COPELAND, Steven appointeddirector
- 1992-11-02➕WORNE, Roderick Keith appointeddirector
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 34 years — deep operational knowledge concentrated in one person.
- +Senior director age: Director aged approximately 62 — 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.
- secondaryFounder aged 58+: Senior director is approximately 62. Early succession window.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- primary20+ year tenure: Director in role 34 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 · 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.
Group structure
2 corporate shareholders identified. Group structure is distributed.
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Associated Credits Holding Limited Corporate entity | 25–50% | 25–50% | board control25-50% shares · 25-50% voting · board control · firm interest | 06/04/2016 |
Valdor Holdings Limited Corporate entity | 25–50% | 25–50% | board control25-50% shares · 25-50% voting · board control · firm interest | 06/04/2016 |
2 historic (ceased) PSCs
- Mr Mark Ashley Whitingceased 23/04/2024· board control
- Mr Peter Francis Whitingceased 08/02/2023· significant influence
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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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 →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 · 8 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Aldermore Aldermore Bank PLC | A registered charge | — | 23/07/2019 | — | |
| outstanding | Investec Asset Finance Investec Asset Finance PLC | A registered charge | — | 16/11/2015 | — | |
| outstanding | Siemens Financial Services Siemens Financial Services Limited | Block discounting agreement | 1 property | 31/10/2006 | — | |
| outstanding | Ing Lease (UK) Ing Lease (UK) Limited | Block discounting agreement | 5 properties | 25/07/2006 | — | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | Charge of equipment and leases/hp agreements | 1 property | 01/02/2006 | — | |
| outstanding | Alliance & Leicester Commercial Finance Alliance & Leicester Commercial Finance PLC | Block discounting agreement | 1 property | 08/09/2003 | — | |
| outstanding | First National Bank First National Bank PLC | Schedule of deposited agreements pursuant to block discounting agreement dated 12TH january 2001 | 1 property | 18/12/2001 | — | |
| outstanding | First National Bank First National Bank PLC | Deed of charge | 1 property | 12/01/2001 | — | |
| outstanding | Barclays Barclays Bank PLC | Fixed charge | 1 property | 04/03/1998 | — | |
| outstanding | Japan Leasing (Europe) Japan Leasing (Europe) PLC | Master block discounting agreement | 1 property | 04/06/1996 | — | |
| outstanding | Singer & Friedlander Leasing Singer & Friedlander Leasing Limited | Master block discounting agreement | 1 property | 21/06/1995 | — | |
| outstanding | Co-operative Bank The Co-Operative Bank PLC | Legal charge under block discounting agreement | 1 property | 11/04/1995 | — | |
| outstanding | Virgin Money Yorkshire Bank PLC | Chattel mortgage | 1 property | 20/12/1994 | — | |
| outstanding | Virgin Money Yorkshire Bank PLC | Chattel mortgage | 1 property | 14/10/1994 | — | |
| outstanding | Virgin Money Yorkshire Bank PLC | Block discount master agreement | 1 property | 03/06/1994 | — | |
| outstanding | Chartered Trust Chartered Trust PLC | Schedule of deposited agreements within master agreement and mortgage | 1 property | 12/02/1993 | — | |
| outstanding | Chartered Trust Public Company Chartered Trust Public Limited Company | Schedule of deposited agreements | 1 property | 05/01/1993 | — | |
| outstanding | Chartered Trust Chartered Trust PLC | Schedule of deposited agreement | 1 property | 12/11/1992 | — | |
| outstanding | Chartered Trust Public Company Chartered Trust Public Limited Company | Schedule of deposited agreements | 1 property | 21/10/1992 | — | |
| outstanding | Chartered Trust Chartered Trust PLC | Schedule of deposited agreement within master agreement and mortgage | 1 property | 18/09/1992 | — | |
| outstanding | Hitachi Credit (UK) Hitachi Credit (UK) PLC | Block discounting agreement | 1 property | 27/07/1992 | — | |
| outstanding | Barclays Barclays Bank PLC | First fixed charge | 1 property | 09/07/1992 | — | |
| outstanding | Chartered Trust Chartered Trust PLC | Schedule of deposited agreement | 1 property | 17/12/1991 | — | |
| outstanding | Chartered Trust Public Company Chartered Trust Public Limited Company | Schedule of deposited agreement | 1 property | 10/10/1991 | — | |
| outstanding | Lloyds Banking Group Lloyds Bowmaker Limited | Charge and assignment | 1 property | 04/10/1991 | — | |
| satisfied | Lloyds Banking Group Lloyds Bowmaker Limited | Charge and assignment | 1 property | 04/10/1991 | 20/12/1993 | |
| outstanding | Chartered Trust Publiic Company Chartered Trust Publiic Limited Company | Schedule of deposited agreement within master agreement and mortgage d/d 9/12/85 | 1 property | 14/11/1990 | — | |
| satisfied | Lloyds Banking Group Lloyds Bowmaker Limited | Charge & assignment | 1 property | 13/11/1990 | 15/02/1992 | |
| satisfied | Lloyds Banking Group Lloyds Bowmaker Limited | Charge and assignment | 1 property | 13/11/1990 | 15/02/1992 | |
| outstanding | Chartered Trust Public Company Chartered Trust Public Limited Company | Schedule of deposited agreement | 1 property | 11/10/1990 | — | |
| outstanding | Chartered Trust Public Company Chartered Trust Public Limited Company | Schedule of deposited agreement | 1 property | 04/07/1990 | — | |
| outstanding | The Leasing Corporation The Leasing Corporation PLC | Legal charge | 1 property | 27/06/1990 | — | |
| outstanding | Chartered Trust Public Company Chartered Trust Public Limited Company | Schedule of deposited agreement | 1 property | 29/05/1990 | — | |
| outstanding | Lloyds Banking Group Lloyds Bowmaker Limited | Charge & assignment | 1 property | 28/03/1990 | — | |
| outstanding | Lloyds Banking Group Lloyds Bowmaker Limited | Charge & assiggnment | 1 property | 28/03/1990 | — | |
| outstanding | Chartered Trust Public Company Chartered Trust Public Limited Company | Schedule of deposited agreement | 1 property | 05/03/1990 | — | |
| outstanding | N M Rothschild & Sons N M Rothschild & Sons Limited | Deed of assignment | 1 property | 09/02/1990 | — | |
| outstanding | Chartered Trust Public Company Chartered Trust Public Limited Company | Schedule of deposited agreements | 1 property | 05/02/1990 | — | |
| satisfied | Lloyds Banking Group Lloyds Bowmaker Limited | Charge and assignment | 1 property | 19/01/1990 | 15/02/1992 | |
| outstanding | Chartered Trust Public Company Chartered Trust Public Limited Company | Schedule of deposited agreements | 1 property | 10/01/1990 | — | |
| satisfied | Lloyds Banking Group Lloyds Bowmaker Limited | Charge and assignment | 1 property | 10/01/1990 | 15/02/1992 | |
| outstanding | Chartered Trust Public Company Chartered Trust Public Limited Company | Schedule of deposited agreement | 1 property | 19/10/1989 | — | |
| outstanding | Chartered Trust Public Company Chartered Trust Public Limited Company | Schedule of deposited agreement | 1 property | 20/09/1989 | — | |
| outstanding | Hill Samuel Bank Hill Samuel Bank Limited | Deed of charge | 1 property | 03/08/1989 | — | |
| outstanding | Chartered Trust Public Company Chartered Trust Public Limited Company | Schedule of deposited agreements | 1 property | 31/05/1989 | — | |
| outstanding | Chartered Trust Public Company Chartered Trust Public Limited Company | Schedule of deposited agreements | 1 property | 15/05/1989 | — | |
| outstanding | Chartered Trust Public Company Chartered Trust Public Limited Company | Schedule of deposited agreements | 1 property | 05/12/1988 | — | |
| outstanding | Chartered Trust Public Company Chartered Trust Public Limited Company | Schedule of deposited agreements | 1 property | 11/10/1988 | — | |
| outstanding | Chartered Trust Public Company Chartered Trust Public Limited Company | Schedule of deposited agreements | 1 property | 04/10/1988 | — | |
| outstanding | Chartered Trust Public Company Chartered Trust Public Limited Company | Schedule of deposit agreements | 1 property | 27/09/1988 | — | |
| outstanding | Chartered Trust Public Company Chartered Trust Public Limited Company | Schedule of deposited agreements | 1 property | 21/04/1988 | — | |
| outstanding | Chartered Trust Public Company Chartered Trust Public Limited Company | Schedule of deposited agreements | 1 property | 15/12/1987 | — | |
| outstanding | Chartered Trust Public Company Chartered Trust Public Limited Company | Schedule of deposited agreements | 1 property | 30/11/1987 | — | |
| outstanding | Chartered Trust Public Company Chartered Trust Public Limited Company | Schedule of deposited agreements | 1 property | 03/11/1987 | — | |
| outstanding | Chartered Trust Public Company Chartered Trust Public Limited Company | Schedule of deposited agreements | 1 property | 02/10/1987 | — | |
| outstanding | Chartered Trust Public Company Chartered Trust Public Limited Company | Schedule of deposited agreements | 1 property | 02/09/1987 | — | |
| outstanding | Chartered Trust Public Company Chartered Trust Public Limited Company | Schedule of deposited agreements | 1 property | 06/04/1987 | — | |
| outstanding | Chartered Trust Public Company Chartered Trust Public Limited Company | Schedule of deposited agreements | 1 property | 19/03/1987 | — | |
| outstanding | Chartered Trust Public Company Chartered Trust Public Limited Company | Schedule of deposited agreements | 1 property | 06/11/1986 | — | |
| outstanding | Chartered Trust Chartered Trust PLC | Schedule of deposited agreements | 1 property | 13/08/1986 | — | |
| outstanding | Chartered Trust Chartered Trust PLC | Schedule of deposited agreements | 1 property | 03/06/1986 | — | |
| outstanding | Chartered Trust Chartered Trust PLC | Schedule of deposited agreements | 1 property | 20/05/1986 | — | |
| outstanding | Lloyds Banking Group Lloyds Bowmaker Limited | Fixed charge | 1 property | 16/05/1986 | — | |
| outstanding | Chartered Trust Public Company Chartered Trust Public Limited Company | Schedule of deposited agreements | 1 property | 14/04/1986 | — | |
| outstanding | Chartered Trust Public Company Chartered Trust Public Limited Company | Schedule of deposited agreements | 1 property | 10/03/1986 | — | |
| outstanding | Chartered Trust Public Company Chartered Trust Public Limited Company | Schedule of deposited agreements | 1 property | 17/02/1986 | — | |
| outstanding | Chartered Trust Public Company Chartered Trust Public Limited Company | Schedule of depositted agreements | 1 property | 05/02/1986 | — | |
| outstanding | Chartered Trust Public Company Chartered Trust Public Limited Company | Master agreement and mortgage | 1 property | 09/12/1985 | — | |
| outstanding | Hitachi Credit (UK) Hitachi Credit (UK) Limited | Charge | 1 property | 04/12/1985 | — | |
| outstanding | Lloyds Banking Group Lloyds and Scottish Trust LTD | Charge | 1 property | 23/02/1981 | — | |
| outstanding | Hill Samuel and Company Hill Samuel and Company LTD | Deed of assignment and charge | 1 property | 13/06/1980 | — | |
| satisfied | Mercantile Credit Co Mercantile Credit Co LTD | Charge on instalment credit agreements | 1 property | 07/03/1977 | 25/09/2024 | |
| outstanding | Barclays Barclays Bank PLC | Charge | 1 property | 19/12/1972 | — |