PLASCOAT SYSTEMS LIMITED
Opportunity 72/100 (strong), bankability 77/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 5 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (62/100).
Refinance opportunity
10 live charges · 5 lenders · oldest 30.2y
Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.
- · Oldest live charge is 30.2 years old — likely at or near maturity.
- · 5 lenders named — inter-creditor friction likely.
- · Legal-friction score 45/100 (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.
Signals from accounts
Derived from iXBRL accounts · FRS 102Key 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 | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Profit before tax | £1.35M | £-315.0k |
| Average employees | 28 | 31 |
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 accounts
- • 1 accounts
- • 1 accounts
- • 1 confirmation-statement
Corporate timeline (65 events)Click to expand
- 2026-06-08📄accounts-with-accounts-type-fullaccounts · AA
- 2025-09-22📄accounts-with-accounts-type-fullaccounts · AA
- 2025-07-10📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-07-08➕RIDDEX, Michael Anthony appointeddirector
- 2025-03-28➕YOUENS, Laura Michele appointeddirector
- 2025-03-28➖BLENKINSOPP, James Ian resigneddirector
- 2025-03-28📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-03-28📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-07-19📄accounts-with-accounts-type-fullaccounts · AA
- 2023-12-12📄accounts-with-accounts-type-fullaccounts · AA
- 2023-04-19📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-04-19📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-04-19🔓Charge satisfied #10
- 2023-04-19🔓Charge satisfied #9
- 2022-07-19📄accounts-with-accounts-type-fullaccounts · AA
- 2021-10-05📄accounts-with-accounts-type-fullaccounts · AA
- 2020-08-28📄accounts-with-accounts-type-fullaccounts · AA
- 2019-07-08📄appoint-person-director-company-with-name-dateofficers · AP01
- 2019-07-08📄termination-director-company-with-name-termination-dateofficers · TM01
- 2019-06-24➕DOLAN, Farrell appointeddirector
- 2019-06-24➖DAVIS, Michael Keith resigneddirector
- 2019-06-06📄accounts-with-accounts-type-fullaccounts · AA
- 2018-08-09📄accounts-with-accounts-type-groupaccounts · AA
- 2018-07-02📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2018-06-22🔒Charge registered #10Lender: Barclays Bank PLC
- 2017-12-20🔒Charge registered #9Lender: Barclays Bank PLC
- 2017-09-13🔓Charge satisfied #7
- 2017-08-18🔓Charge satisfied #8
- 2017-08-18🔓Charge satisfied #2
- 2017-08-14➖BILHAM, Keith John resignedsecretary
- 2017-08-14➖BENSON, Patrick resigneddirector
- 2017-08-14➖BILHAM, Keith John resigneddirector
- 2017-08-14➕BLENKINSOPP, James Ian appointeddirector
- 2017-08-14➕DAVIS, Michael Keith appointeddirector
- 2017-08-14➖STOKE, Jeremy Michael resigneddirector
- 2014-01-07🔓Charge satisfied #6
- 2014-01-07🔓Charge satisfied #5
- 2014-01-07🔓Charge satisfied #4
- 2014-01-07🔓Charge satisfied #3
- 2013-07-30➖DUNNETT, Christopher Frederic resigneddirector
- 2013-04-15🔒Charge registered #8Lender: Bank of Scotland PLC
- 2009-11-10🔒Charge registered #7Lender: Lloyds Tsb Commercial Finance Limited
- 2007-06-13➕STOKE, Jeremy Michael appointeddirector
- 2004-12-24➕BILHAM, Keith John appointedsecretary
- 2004-12-24➖ELKIN, George Frank resignedsecretary
- 2003-03-31➕BENSON, Patrick appointeddirector
- 2003-03-31➖ELKIN, George Frank resigneddirector
- 2001-12-19➕BILHAM, Keith John appointeddirector
- 1999-09-04🔓Charge satisfied #1
- 1999-07-20🔒Charge registered #6Lender: The Governor and Company of the Bank of Scotland
Owner dependency
Some founder dependency, but not acute. A structured handover period should cover most risk.
Succession & seller-readiness
Limited succession signal. Not a near-term off-market candidate.
Red flags
1 med ·Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
Axalta Coating Systems Uk Holding 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 |
|---|---|---|---|---|
Axalta Coating Systems Uk Holding Limited Corporate entity | 75–100% | — | 75-100% shares | 14/08/2017 |
1 historic (ceased) PSC
- International Process Technologies Limitedceased 14/08/2017· 75-100% shares
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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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 →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 · 15 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Barclays Barclays Bank PLC | A registered charge | — | 22/06/2018 | 19/04/2023 | |
| satisfied | Barclays Barclays Bank PLC | A registered charge | — | 20/12/2017 | 19/04/2023 | |
| satisfied | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 15/04/2013 | 18/08/2017 | |
| satisfied | Lloyds Banking Group Lloyds Tsb Commercial Finance Limited | All assets debenture | 1 property | 10/11/2009 | 13/09/2017 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Legal charge | 1 property | 20/07/1999 | 07/01/2014 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Legal charge | 1 property | 29/03/1999 | 07/01/2014 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Legal charge | 1 property | 29/03/1999 | 07/01/2014 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Legal charge | 1 property | 29/03/1999 | 07/01/2014 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Debenture containing fixed and floating charges | 1 property | 29/03/1999 | 18/08/2017 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland as Security Trustee for the Beneficiaries (Asdefined) | Guarantee and debenture | 1 property | 23/04/1996 | 04/09/1999 |