INDUSTRIAL HOSE & PIPE FITTINGS LIMITED
Opportunity 69/100 (strong), bankability 77/100. 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 (58/100).
Refinance opportunity
9 live charges · 8 lenders · oldest 54.3y
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 54.3 years old — likely at or near maturity.
- · 8 lenders named — inter-creditor friction likely.
- · Legal-friction score 38/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (61/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Recent activity
- • 3 officers
- • 3 officers
- • 1 confirmation-statement
Corporate timeline (63 events)Click to expand
- 2026-04-08📄termination-director-company-with-name-termination-dateofficers · TM01
- 2026-04-01➖DAVIES, Richard James resigneddirector
- 2026-03-17📄appoint-person-director-company-with-name-dateofficers · AP01
- 2026-03-17📄termination-director-company-with-name-termination-dateofficers · TM01
- 2026-03-03➕PAPE, Malcolm John appointeddirector
- 2026-03-03➖LALA, Alessandro resigneddirector
- 2025-10-20📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-10-20🔓Charge satisfied #7
- 2025-07-16📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-07-15➕WILLIAMS, Mark appointeddirector
- 2025-06-25📄accounts-with-accounts-type-audit-exemption-subsiduaryaccounts · AA
- 2025-06-25📄legacyaccounts · PARENT_ACC
- 2025-06-25📄legacyother · AGREEMENT2
- 2025-06-25📄legacyother · GUARANTEE2
- 2025-06-20📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2025-05-30➖MORRISON, John resignedsecretary
- 2024-06-29📄accounts-with-accounts-type-audit-exemption-subsiduaryaccounts · AA
- 2024-06-29📄legacyaccounts · PARENT_ACC
- 2024-06-29📄legacyother · AGREEMENT2
- 2024-06-29📄legacyother · GUARANTEE2
- 2023-07-10📄accounts-with-accounts-type-audit-exemption-subsiduaryaccounts · AA
- 2023-07-10📄legacyaccounts · PARENT_ACC
- 2023-07-10📄legacyother · AGREEMENT2
- 2023-07-10📄legacyother · GUARANTEE2
- 2023-01-09📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-01-09📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-01-09🔓Charge satisfied #9
- 2023-01-09🔓Charge satisfied #8
- 2022-10-03📄appoint-person-director-company-with-name-dateofficers · AP01
- 2022-10-01➕LALA, Alessandro appointeddirector
- 2022-09-30➖GIBBES, Barbara resigneddirector
- 2022-09-12➖ALLSOP, Michael Leonard resigneddirector
- 2022-04-11🔓Charge satisfied #6
- 2022-04-06➕MORRISON, John appointedsecretary
- 2022-04-06➖FORD, Christopher Frank resigneddirector
- 2022-04-06➕GIBBES, Barbara appointeddirector
- 2018-06-04➖FORD, Suzanne Mary resignedsecretary
- 2018-06-04➕DAVIES, Richard James appointeddirector
- 2018-06-04➖FORD, Suzanne Mary resigneddirector
- 2018-04-15➕ALLSOP, Michael Leonard appointeddirector
- 2018-04-15➖CALDECOTT, Alan Robert resigneddirector
- 2017-02-03🔒Charge registered #9Lender: Sinoelastomer Co., LTD, a Company with Its Registered Address at Suite 802, St James Court, St Denis Street, Port Louis Mauritius
- 2017-02-03🔒Charge registered #8Lender: Pegasusa Co., LTD, a Company Incorporated in Anguilla, Bwi with Its Registered Address at the Hallmark Building, Suite 227, Old Airport Road, the Valley, Anguilla, Bwi
- 2017-01-25🔒Charge registered #7Lender: Rbs Invoice Finance Limited
- 2016-11-22🔒Charge registered #6Lender: National Westminster Bank PLC
- 2015-09-28🔓Charge satisfied #5
- 2015-09-28🔓Charge satisfied #2
- 2015-04-01➖ELWELL, Mary Suzanne resignedsecretary
- 2015-03-02➕FORD, Suzanne Mary appointedsecretary
- 2015-03-02➖ELWELL, Charles Andrew Reginald resigneddirector
Owner dependency
Some founder dependency, but not acute. A structured handover period should cover most risk.
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
Succession & seller-readiness
Limited succession signal. Not a near-term off-market candidate.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
Red flags
2 med ·Multiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.
Evidence: MORRISON, John resigned 2025-05-30; DAVIES, Richard James resigned 2026-04-01; LALA, Alessandro resigned 2026-03-03
Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
Millennium Coupling Company Ltd 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 |
|---|---|---|---|---|
Millennium Coupling Company Ltd Corporate entity | 75–100% | — | 75-100% shares | 01/02/2017 |
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.
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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 (2 active · 13 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Sinoelastomer Co., , a Company with Its Registered Address at Suite 802, St James Court, St Denis Street, Port Louis Mauritius Sinoelastomer Co., LTD, a Company with Its Registered Address at Suite 802, St James Court, St Denis Street, Port Louis Mauritius | A registered charge | 1 property | 03/02/2017 | 09/01/2023 | |
| satisfied | Pegasusa Co., , a Company in Anguilla, Bwi with Its Registered Address at the Hallmark Building, Suite 227, Old Airport Road, the Valley, Anguilla, Bwi Pegasusa Co., LTD, a Company Incorporated in Anguilla, Bwi with Its Registered Address at the Hallmark Building, Suite 227, Old Airport Road, the Valley, Anguilla, Bwi | A registered charge | 1 property | 03/02/2017 | 09/01/2023 | |
| satisfied | NatWest Group Rbs Invoice Finance Limited | A registered charge | — | 25/01/2017 | 20/10/2025 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | A registered charge | — | 22/11/2016 | 11/04/2022 | |
| satisfied | Midland Bank Midland Bank PLC | Charge on book debts | 1 property | 22/08/1990 | 28/09/2015 | |
| satisfied | Norwich General Trust . Norwich General Trust LTD. | Charge | 1 property | 29/10/1980 | 01/09/1995 | |
| satisfied | Midland Bank Midland Bank LTD | Mortgage | 1 property | 02/07/1976 | 19/03/2004 | |
| satisfied | Midland Bank Midland Bank LTD | Floating charge | 1 property | 03/04/1976 | 28/09/2015 | |
| satisfied | Parcels & General Assurance Association Parcels & General Assurance Association LTD | Legal charge | 1 property | 24/02/1972 | 01/09/1995 |