A.E.THOROGOOD LIMITED
Opportunity 73/100 (strong), bankability 57/100. Strong seller-intent signal (70/100, director aged 58). 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 (73/100).
Refinance opportunity
34 live charges · 8 lenders · oldest 68.1y
Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.
- · Oldest live charge is 68.1 years old — likely at or near maturity.
- · 8 lenders named — inter-creditor friction likely.
- · Legal-friction score 45/100 (high).
Data confidence
Overall: high (81/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
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 | 2025-09-30 | 2024-09-30 |
|---|---|---|
| Average employees | 2 | 400 |
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
- • 10 mortgage
- • 10 mortgage
- • 1 confirmation-statement
- • 1 accounts
- • 10 mortgage
- • 2 officers
- • 2 persons-with-significant-control
Corporate timeline (112 events)Click to expand
- 2026-07-10📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2026-07-10📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2026-07-10📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2026-07-10📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2026-07-10📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2026-07-09📄mortgage-satisfy-charge-fullmortgage · MR04
- 2026-07-09📄mortgage-satisfy-charge-fullmortgage · MR04
- 2026-07-09📄mortgage-satisfy-charge-fullmortgage · MR04
- 2026-07-09📄mortgage-satisfy-charge-fullmortgage · MR04
- 2026-07-09📄mortgage-satisfy-charge-fullmortgage · MR04
- 2026-07-09🔓Charge satisfied #29
- 2026-07-09🔓Charge satisfied #28
- 2026-07-09🔓Charge satisfied #26
- 2026-07-09🔓Charge satisfied #25
- 2026-07-09🔓Charge satisfied #24
- 2026-06-26🔒Charge registered #34Lender: Barclays Bank PLC
- 2026-06-26🔒Charge registered #33Lender: Barclays Bank PLC
- 2026-06-26🔒Charge registered #32Lender: Barclays Bank PLC
- 2026-06-26🔒Charge registered #31Lender: Barclays Bank PLC
- 2026-06-26🔒Charge registered #30Lender: Barclays Bank PLC
- 2026-05-13📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2026-05-06📄termination-director-company-with-name-termination-dateofficers · TM01
- 2026-04-29➖TRUELOVE, Matthew Charles resigneddirector
- 2026-04-23📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2026-04-23📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2026-03-12📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-06-17📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-03-29➖GRANT, Jill Marion resigneddirector
- 2024-06-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-09-11📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-09-08🔒Charge registered #29Lender: Handelsbanken PLC
- 2023-06-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-09-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-08-24📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2022-01-28🔒Charge registered #28Lender: Handelsbanken PLC
- 2019-06-12➕GRANT, Anna Katrina appointeddirector
- 2016-08-26🔒Charge registered #27Lender: Svenska Handelsbanken Ab (Publ)
- 2014-12-31➖STEDMAN, David Gurney resigneddirector
- 2013-10-14🔒Charge registered #26Lender: Svenska Handelsbanken Ab (Publ)
- 2013-09-24➖PICKERING, Derek Michael resignedsecretary
- 2013-01-23➕PICKERING, Derek Michael appointedsecretary
- 2013-01-22➖GRANT, Anna Katrina resignedsecretary
- 2012-10-29➕TRUELOVE, Matthew Charles appointeddirector
- 2012-03-03🔓Charge satisfied #23
- 2012-03-03🔓Charge satisfied #22
- 2012-03-03🔓Charge satisfied #21
- 2012-03-01🔒Charge registered #25Lender: Svenska Handelsbanken Ab (Publ)
- 2012-03-01🔒Charge registered #24Lender: Svenska Handelsbanken Ab (Publ)
- 2010-07-13➖EDWARDS, Peter Michael, Mr. resigneddirector
- 2010-02-09➕GRANT, Anna Katrina appointedsecretary
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 26 years — deep operational knowledge concentrated in one person.
- +Senior director age: Director aged approximately 58 — approaching natural succession window.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
- secondaryFounder aged 58+: Senior director is approximately 58. Early succession window.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- primary20+ year tenure: Director in role 26 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 72 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 med · 1 lowHeavy recent charge activity can indicate refinancing pressure, aggressive leverage, or multiple lender rotation.
Evidence: 2026-06-26: A registered charge; 2026-06-26: A registered charge; 2026-06-26: A registered charge
Multiple 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.
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Gareth Edward Grant Individual · Australian · DOB 07/1968 · age 58 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control · trust interest | 06/04/2016 |
1 historic (ceased) PSC
- Jill Marian Grantceased 20/02/2026· 25-50% shares · 25-50% voting · significant influence · trust interest
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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8 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 (2 active · 16 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Barclays Barclays Bank PLC | A registered charge | 1 property | 26/06/2026 | — | |
| outstanding | Barclays Barclays Bank PLC | A registered charge | 1 property | 26/06/2026 | — | |
| outstanding | Barclays Barclays Bank PLC | A registered charge | 1 property | 26/06/2026 | — | |
| outstanding | Barclays Barclays Bank PLC | A registered charge | 1 property | 26/06/2026 | — | |
| outstanding | Barclays Barclays Bank PLC | A registered charge | — | 26/06/2026 | — | |
| satisfied | Handelsbanken Handelsbanken PLC | A registered charge | — | 08/09/2023 | 09/07/2026 | |
| satisfied | Handelsbanken Handelsbanken PLC | A registered charge | 2 properties | 28/01/2022 | 09/07/2026 | |
| outstanding | Svenska Handelsbanken Ab (Publ) | A registered charge | 1 property | 26/08/2016 | — | |
| satisfied | Svenska Handelsbanken Ab (Publ) | A registered charge | 1 property | 14/10/2013 | 09/07/2026 | |
| satisfied | Svenska Handelsbanken Ab (Publ) | Deed of legal mortgage | 1 property | 01/03/2012 | 09/07/2026 | |
| satisfied | Svenska Handelsbanken Ab (Publ) | Mortgage debenture | 1 property | 01/03/2012 | 09/07/2026 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Legal charge | 1 property | 04/09/2009 | 03/03/2012 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Legal charge | 1 property | 04/09/2009 | 03/03/2012 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Debenture | 1 property | 11/08/2009 | 03/03/2012 | |
| satisfied | Aib Group (UK) Aib Group (UK) PLC | Legal mortgage | 2 properties | 30/10/2007 | 06/08/2009 | |
| satisfied | Lloyds Banking Group Lloyds Bank PLC | Second equitable charge | 1 property | 02/10/1988 | 06/08/2009 | |
| satisfied | Lloyds Banking Group Lloyds Bank PLC | Memorandum of deposit of deeds | 1 property | 07/09/1988 | 06/08/2009 | |
| satisfied | Lloyds Banking Group Lloyds Bank PLC | Memorandum of deposit | 1 property | 25/07/1988 | 06/08/2009 | |
| satisfied | Lloyds Banking Group Lloyds Bank PLC | Unlimited revolving memorandum of deposit | 6 properties | 23/07/1985 | 06/08/2009 | |
| satisfied | Lloyds Banking Group Lloyds Bank PLC | Memorandum of deposit | 1 property | 08/02/1984 | 06/08/2009 | |
| satisfied | A.E.Thorogood | Legal charge | 2 properties | 07/02/1983 | 06/08/2009 | |
| satisfied | Lloyds Banking Group Lloyds Bank PLC | Memorandum of deposit | 1 property | 27/05/1982 | 06/08/2009 | |
| satisfied | Lloyds Banking Group Lloyds Bank PLC | Memorandum of deposit equitable mortgage | 1 property | 27/09/1979 | 06/08/2009 | |
| satisfied | Lloyds Banking Group Lloyds Bank PLC | Memo of deposit | 1 property | 30/03/1976 | 06/08/2009 | |
| satisfied | Lloyds Banking Group Lloyds Bank PLC | Memo of deposit | 1 property | 27/11/1972 | 06/08/2009 | |
| satisfied | Lloyds Banking Group Lloyds Bank PLC | Memo | 1 property | 28/03/1967 | 06/08/2009 | |
| satisfied | Lloyds Banking Group Lloyds Bank PLC | Memo of deposit | 2 properties | 12/02/1966 | 06/08/2009 | |
| satisfied | Lloyds Banking Group Lloyds Bank PLC | Memorandum | 1 property | 28/11/1962 | 06/08/2009 | |
| satisfied | Lloyds Banking Group Lloyds Bank PLC | Memo of deposit | 1 property | 29/09/1961 | 06/08/2009 | |
| satisfied | Lloyds Banking Group Lloyds Bank PLC | Memo of deposit | 1 property | 29/09/1961 | 06/08/2009 | |
| satisfied | Lloyds Banking Group Lloyds Bank PLC | Legal charge | 1 property | 21/08/1961 | 06/08/2009 | |
| satisfied | Lloyds Banking Group Lloyds Bank PLC | Memorandum of deposit | 1 property | 07/08/1959 | 06/08/2009 | |
| satisfied | Lloyds Banking Group Lloyds Bank PLC | Memo of deposit of title deeds | 1 property | 20/04/1959 | 06/08/2009 | |
| satisfied | C.R.Benzecry | Charge | 1 property | 17/06/1958 | 06/08/2009 |