ASSOCIATED CREDITS LIMITED

🌳Matureactive
00512745 · ltd · incorporated 1952-10-28
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
75/100
Strong
🔔
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What this business does
Primary activity: Financial leasing
Sector: Financial & insurance
Investor take
Pursue
Active trading company with a 62-year-old founder — textbook succession opportunity.

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

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 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.

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
73 charges (73/73 with lender, 73/73 with type)
90
Directors & officers
11 officers (3 active, 11 linked, 8 with DOB)
85
Ownership & PSC
2 active PSC(s) of 4 total, 4 with control declared
90
Director network
19 connected companies via shared directors
90
Filing history
182 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation

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 →
Opportunity Score
75/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
60
Adequate — check latest filings for context.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
74
Few red flags.
Signal strength
100
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
Current Assets
Current Liabilities
£0£0£0£0£0£0Dec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-12-312023-12-31
Average employees2200

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
0
filings
Last 90 days
0
filings
Last 180 days
1
filing
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (111 events)Click to expand
  1. 2025-09-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-02-19
    📄
    change-person-director-company-with-change-date
    officers · CH01
  3. 2024-09-25
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  4. 2024-09-25
    🔓
    Charge satisfied #2
  5. 2024-09-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2024-04-23
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  7. 2024-04-23
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  8. 2024-04-23
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  9. 2024-02-06
    WHITING, Mark Ashley appointed
    secretary
  10. 2024-02-06
    FOULKES, Patricia Mary resigned
    secretary
  11. 2024-02-06
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  12. 2024-02-06
    📄
    appoint-person-secretary-company-with-name-date
    officers · AP03
  13. 2023-09-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2023-02-08
    📄
    change-person-director-company-with-change-date
    officers · CH01
  15. 2023-02-08
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  16. 2023-02-08
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  17. 2022-09-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  18. 2021-09-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  19. 2020-10-20
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  20. 2020-10-09
    WHITING, Peter Francis resigned
    director
  21. 2020-09-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  22. 2019-07-23
    🔒
    Charge registered #73
    Lender: Aldermore Bank PLC
  23. 2017-08-31
    COPELAND, Steven resigned
    director
  24. 2015-11-16
    🔒
    Charge registered #72
    Lender: Investec Asset Finance PLC
  25. 2014-07-09
    ANDERSON, Kenneth William resigned
    director
  26. 2010-12-01
    WHITING, Russell Peter appointed
    director
  27. 2006-10-31
    🔒
    Charge registered #71
    Lender: Siemens Financial Services Limited
  28. 2006-07-25
    🔒
    Charge registered #70
    Lender: Ing Lease (UK) Limited
  29. 2006-04-04
    WORNE, Roderick Keith resigned
    director
  30. 2006-02-01
    🔒
    Charge registered #69
    Lender: The Royal Bank of Scotland PLC
  31. 2003-09-08
    🔒
    Charge registered #68
    Lender: Alliance & Leicester Commercial Finance PLC
  32. 2001-12-18
    🔒
    Charge registered #67
    Lender: First National Bank PLC
  33. 2001-01-12
    🔒
    Charge registered #66
    Lender: First National Bank PLC
  34. 1999-04-26
    WILD, James Anthony resigned
    director
  35. 1998-03-04
    🔒
    Charge registered #65
    Lender: Barclays Bank PLC
  36. 1996-06-04
    🔒
    Charge registered #64
    Lender: Japan Leasing (Europe) PLC
  37. 1995-06-21
    🔒
    Charge registered #63
    Lender: Singer & Friedlander Leasing Limited
  38. 1995-04-11
    🔒
    Charge registered #62
    Lender: The Co-Operative Bank PLC
  39. 1994-12-20
    🔒
    Charge registered #61
    Lender: Yorkshire Bank PLC
  40. 1994-10-14
    🔒
    Charge registered #60
    Lender: Yorkshire Bank PLC
  41. 1994-07-05
    FOULKES, Patricia Mary appointed
    secretary
  42. 1994-06-28
    PILKINGTON, Roger Howarth resigned
    secretary
  43. 1994-06-03
    🔒
    Charge registered #59
    Lender: Yorkshire Bank PLC
  44. 1993-12-20
    🔓
    Charge satisfied #48
  45. 1993-02-12
    🔒
    Charge registered #58
    Lender: Chartered Trust PLC
  46. 1993-01-05
    🔒
    Charge registered #57
    Lender: Chartered Trust Public Limited Company
  47. 1992-11-12
    🔒
    Charge registered #56
    Lender: Chartered Trust PLC
  48. 1992-11-02
    WHITING, Mark Ashley appointed
    director
  49. 1992-11-02
    COPELAND, Steven appointed
    director
  50. 1992-11-02
    WORNE, Roderick Keith appointed
    director
Showing most recent 50 of 111 events

Owner dependency

84/100
Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

FACTORS
  • +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

66/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • 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 low
Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

67 live charges
low

Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.

Group structure

2 corporate shareholders identified. Group structure is distributed.

🏛️
Associated Credits Holding Limited
Corporate parent · holds 25-50% shares · board control
significant stake
🏛️
Valdor Holdings Limited
Corporate parent · holds 25-50% shares · board control
significant stake
ASSOCIATED CREDITS LIMITED
This company · 00512745

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Associated Credits Holding Limited
Corporate entity
2550%
25–50%board control25-50% shares · 25-50% voting · board control · firm interest06/04/2016
Valdor Holdings Limited
Corporate entity
2550%
25–50%board control25-50% shares · 25-50% voting · board control · firm interest06/04/2016
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.

🔒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 →

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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
Incorporated1952-10-28
Jurisdictionengland-wales
Primary SIC64910 — Financial leasing

Registered office

78 Blackburn St
Radcliffe Manchester
M26 2JW
England

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-02-13
Last: 2026-01-30

Officers (3 active · 8 resigned)

WHITING, Mark Ashley
secretary · appointed 2024-02-06
View their other companies + combined net worth →
Active
WHITING, Mark Ashley
director · ~62y · appointed 1992-11-02
View their other companies + combined net worth →
Active
WHITING, Russell Peter
director · ~60y · appointed 2010-12-01
View their other companies + combined net worth →
Active
FOULKES, Patricia Mary
secretary · appointed 1994-07-05 · resigned 2024-02-06
Resigned
PILKINGTON, Roger Howarth
secretary · resigned 1994-06-28
Resigned
ANDERSON, Kenneth William
director · ~90y · resigned 2014-07-09
Resigned
COPELAND, Steven
director · ~75y · appointed 1992-11-02 · resigned 2017-08-31
Resigned
HILTON, John
director · ~92y · resigned 1992-07-06
Resigned
WHITING, Peter Francis
director · ~91y · resigned 2020-10-09
Resigned
WILD, James Anthony
director · ~85y · resigned 1999-04-26
Resigned
WORNE, Roderick Keith
director · ~70y · appointed 1992-11-02 · resigned 2006-04-04
Resigned

Click a director name to see their full track record across all companies.

Mortgages & charges

73
Total charges
67
Outstanding
20
Active lenders
Status:Lender:73 of 73 shown
TypeProperties
outstanding
Aldermore
Aldermore Bank PLC
A registered charge23/07/2019
outstanding
Investec Asset Finance
Investec Asset Finance PLC
A registered charge16/11/2015
outstanding
Siemens Financial Services
Siemens Financial Services Limited
Block discounting agreement1 property31/10/2006
outstanding
Ing Lease (UK)
Ing Lease (UK) Limited
Block discounting agreement5 properties25/07/2006
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Charge of equipment and leases/hp agreements1 property01/02/2006
outstanding
Alliance & Leicester Commercial Finance
Alliance & Leicester Commercial Finance PLC
Block discounting agreement1 property08/09/2003
outstanding
First National Bank
First National Bank PLC
Schedule of deposited agreements pursuant to block discounting agreement dated 12TH january 20011 property18/12/2001
outstanding
First National Bank
First National Bank PLC
Deed of charge1 property12/01/2001
outstanding
Barclays
Barclays Bank PLC
Fixed charge1 property04/03/1998
outstanding
Japan Leasing (Europe)
Japan Leasing (Europe) PLC
Master block discounting agreement1 property04/06/1996
outstanding
Singer & Friedlander Leasing
Singer & Friedlander Leasing Limited
Master block discounting agreement1 property21/06/1995
outstanding
Co-operative Bank
The Co-Operative Bank PLC
Legal charge under block discounting agreement1 property11/04/1995
outstanding
Virgin Money
Yorkshire Bank PLC
Chattel mortgage1 property20/12/1994
outstanding
Virgin Money
Yorkshire Bank PLC
Chattel mortgage1 property14/10/1994
outstanding
Virgin Money
Yorkshire Bank PLC
Block discount master agreement1 property03/06/1994
outstanding
Chartered Trust
Chartered Trust PLC
Schedule of deposited agreements within master agreement and mortgage1 property12/02/1993
outstanding
Chartered Trust Public Company
Chartered Trust Public Limited Company
Schedule of deposited agreements1 property05/01/1993
outstanding
Chartered Trust
Chartered Trust PLC
Schedule of deposited agreement1 property12/11/1992
outstanding
Chartered Trust Public Company
Chartered Trust Public Limited Company
Schedule of deposited agreements1 property21/10/1992
outstanding
Chartered Trust
Chartered Trust PLC
Schedule of deposited agreement within master agreement and mortgage1 property18/09/1992
outstanding
Hitachi Credit (UK)
Hitachi Credit (UK) PLC
Block discounting agreement1 property27/07/1992
outstanding
Barclays
Barclays Bank PLC
First fixed charge1 property09/07/1992
outstanding
Chartered Trust
Chartered Trust PLC
Schedule of deposited agreement1 property17/12/1991
outstanding
Chartered Trust Public Company
Chartered Trust Public Limited Company
Schedule of deposited agreement1 property10/10/1991
outstanding
Lloyds Banking Group
Lloyds Bowmaker Limited
Charge and assignment1 property04/10/1991
satisfied
Lloyds Banking Group
Lloyds Bowmaker Limited
Charge and assignment1 property04/10/199120/12/1993
outstanding
Chartered Trust Publiic Company
Chartered Trust Publiic Limited Company
Schedule of deposited agreement within master agreement and mortgage d/d 9/12/851 property14/11/1990
satisfied
Lloyds Banking Group
Lloyds Bowmaker Limited
Charge & assignment1 property13/11/199015/02/1992
satisfied
Lloyds Banking Group
Lloyds Bowmaker Limited
Charge and assignment1 property13/11/199015/02/1992
outstanding
Chartered Trust Public Company
Chartered Trust Public Limited Company
Schedule of deposited agreement1 property11/10/1990
outstanding
Chartered Trust Public Company
Chartered Trust Public Limited Company
Schedule of deposited agreement1 property04/07/1990
outstanding
The Leasing Corporation
The Leasing Corporation PLC
Legal charge1 property27/06/1990
outstanding
Chartered Trust Public Company
Chartered Trust Public Limited Company
Schedule of deposited agreement1 property29/05/1990
outstanding
Lloyds Banking Group
Lloyds Bowmaker Limited
Charge & assignment1 property28/03/1990
outstanding
Lloyds Banking Group
Lloyds Bowmaker Limited
Charge & assiggnment1 property28/03/1990
outstanding
Chartered Trust Public Company
Chartered Trust Public Limited Company
Schedule of deposited agreement1 property05/03/1990
outstanding
N M Rothschild & Sons
N M Rothschild & Sons Limited
Deed of assignment1 property09/02/1990
outstanding
Chartered Trust Public Company
Chartered Trust Public Limited Company
Schedule of deposited agreements1 property05/02/1990
satisfied
Lloyds Banking Group
Lloyds Bowmaker Limited
Charge and assignment1 property19/01/199015/02/1992
outstanding
Chartered Trust Public Company
Chartered Trust Public Limited Company
Schedule of deposited agreements1 property10/01/1990
satisfied
Lloyds Banking Group
Lloyds Bowmaker Limited
Charge and assignment1 property10/01/199015/02/1992
outstanding
Chartered Trust Public Company
Chartered Trust Public Limited Company
Schedule of deposited agreement1 property19/10/1989
outstanding
Chartered Trust Public Company
Chartered Trust Public Limited Company
Schedule of deposited agreement1 property20/09/1989
outstanding
Hill Samuel Bank
Hill Samuel Bank Limited
Deed of charge1 property03/08/1989
outstanding
Chartered Trust Public Company
Chartered Trust Public Limited Company
Schedule of deposited agreements1 property31/05/1989
outstanding
Chartered Trust Public Company
Chartered Trust Public Limited Company
Schedule of deposited agreements1 property15/05/1989
outstanding
Chartered Trust Public Company
Chartered Trust Public Limited Company
Schedule of deposited agreements1 property05/12/1988
outstanding
Chartered Trust Public Company
Chartered Trust Public Limited Company
Schedule of deposited agreements1 property11/10/1988
outstanding
Chartered Trust Public Company
Chartered Trust Public Limited Company
Schedule of deposited agreements1 property04/10/1988
outstanding
Chartered Trust Public Company
Chartered Trust Public Limited Company
Schedule of deposit agreements1 property27/09/1988
outstanding
Chartered Trust Public Company
Chartered Trust Public Limited Company
Schedule of deposited agreements1 property21/04/1988
outstanding
Chartered Trust Public Company
Chartered Trust Public Limited Company
Schedule of deposited agreements1 property15/12/1987
outstanding
Chartered Trust Public Company
Chartered Trust Public Limited Company
Schedule of deposited agreements1 property30/11/1987
outstanding
Chartered Trust Public Company
Chartered Trust Public Limited Company
Schedule of deposited agreements1 property03/11/1987
outstanding
Chartered Trust Public Company
Chartered Trust Public Limited Company
Schedule of deposited agreements1 property02/10/1987
outstanding
Chartered Trust Public Company
Chartered Trust Public Limited Company
Schedule of deposited agreements1 property02/09/1987
outstanding
Chartered Trust Public Company
Chartered Trust Public Limited Company
Schedule of deposited agreements1 property06/04/1987
outstanding
Chartered Trust Public Company
Chartered Trust Public Limited Company
Schedule of deposited agreements1 property19/03/1987
outstanding
Chartered Trust Public Company
Chartered Trust Public Limited Company
Schedule of deposited agreements1 property06/11/1986
outstanding
Chartered Trust
Chartered Trust PLC
Schedule of deposited agreements1 property13/08/1986
outstanding
Chartered Trust
Chartered Trust PLC
Schedule of deposited agreements1 property03/06/1986
outstanding
Chartered Trust
Chartered Trust PLC
Schedule of deposited agreements1 property20/05/1986
outstanding
Lloyds Banking Group
Lloyds Bowmaker Limited
Fixed charge1 property16/05/1986
outstanding
Chartered Trust Public Company
Chartered Trust Public Limited Company
Schedule of deposited agreements1 property14/04/1986
outstanding
Chartered Trust Public Company
Chartered Trust Public Limited Company
Schedule of deposited agreements1 property10/03/1986
outstanding
Chartered Trust Public Company
Chartered Trust Public Limited Company
Schedule of deposited agreements1 property17/02/1986
outstanding
Chartered Trust Public Company
Chartered Trust Public Limited Company
Schedule of depositted agreements1 property05/02/1986
outstanding
Chartered Trust Public Company
Chartered Trust Public Limited Company
Master agreement and mortgage1 property09/12/1985
outstanding
Hitachi Credit (UK)
Hitachi Credit (UK) Limited
Charge1 property04/12/1985
outstanding
Lloyds Banking Group
Lloyds and Scottish Trust LTD
Charge1 property23/02/1981
outstanding
Hill Samuel and Company
Hill Samuel and Company LTD
Deed of assignment and charge1 property13/06/1980
satisfied
Mercantile Credit Co
Mercantile Credit Co LTD
Charge on instalment credit agreements1 property07/03/197725/09/2024
outstanding
Barclays
Barclays Bank PLC
Charge1 property19/12/1972
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (182 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-02-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-29
change-person-director-company-with-change-date
officers · CH01
2025-02-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-13
mortgage-satisfy-charge-full
mortgage · MR04
2024-09-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-18
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-04-23
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2024-04-23
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2024-04-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-07
termination-secretary-company-with-name-termination-date
officers · TM02
2024-02-06
appoint-person-secretary-company-with-name-date
officers · AP03
2024-02-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-02-08
change-person-director-company-with-change-date
officers · CH01
2023-02-08