E. TURNOCK LIMITED
- · Thesis: well-run, low negotiation leverage
Opportunity 79/100 (strong), bankability 67/100. Strong seller-intent signal (83/100, director aged 83). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).
Refinance opportunity
5 live charges · 4 lenders · oldest 59.8y
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 59.8 years old — likely at or near maturity.
- · 4 lenders named — inter-creditor friction likely.
- · Legal-friction score 35/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (55/100)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
Corporate timeline (29 events)Click to expand
- 2025-11-03📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-11-06📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-10-27📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-10-26📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-10-06📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2022-10-06📄termination-director-company-with-name-termination-dateofficers · TM01
- 2022-10-06📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2022-08-31➕TURNOCK, Edward Glen Paul appointedsecretary
- 2022-08-31➖TURNOCK, Brenda Jean resignedsecretary
- 2022-08-31➖TURNOCK, Brenda Jean resigneddirector
- 2021-10-28📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-10-20📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-10-14📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2018-05-01📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2017-10-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2016-10-19📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2015-11-10📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2015-09-15📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2013-08-17🔓Charge satisfied #3
- 2009-07-03🔒Charge registered #5Lender: Hsbc Bank PLC
- 2000-08-29🔒Charge registered #4Lender: Hsbc Bank PLC
- 1998-05-12➕TURNOCK, Edward Glen Paul appointeddirector
- 1991-11-08➖TURNOCK, Doris May resigneddirector
- 1991-11-08➖TURNOCK, Roland resigneddirector
- 1991-09-24🔓Charge satisfied #1
- 1991-09-18🔒Charge registered #3Lender: Agricultural Mortgage Corporation PLC
- 1969-10-03🔒Charge registered #2Lender: Midland Bank PLC
- 1966-09-23🔒Charge registered #1Lender: National Farmers Union Mutual Insurance Society Limited
- 1958-03-26🏢Company incorporatedAs E. TURNOCK LIMITED
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.
- +Founder name in company name: Company name contains director surname "TURNOCK" — strong identity link between founder and business.
- +Long-tenure founder: Senior director has been in place 28 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 83 — succession pressure is live.
- +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.
- primaryFounder aged 70+: Senior director is approximately 83 years old. Natural succession window is now.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- primary20+ year tenure: Director in role 28 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 68 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
1 med ·Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Shareholders & ownership
3 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Edward Paul Turnock Individual · British · DOB 05/1975 · age 51 | 25–50% | — | 25-50% shares | 15/08/2016 |
Mr Edward Turnock Individual · British · DOB 07/1943 · age 83 | 25–50% | — | 25-50% shares | 15/08/2016 |
Mrs Brenda Jean Turnock Individual · British · DOB 03/1944 · age 82 | 25–50% | — | 25-50% shares | 15/08/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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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 (3 active · 4 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | HSBC Hsbc Bank PLC | Legal mortgage | 1 property | 03/07/2009 | — | |
| outstanding | HSBC Hsbc Bank PLC | Debenture | 1 property | 29/08/2000 | — | |
| satisfied | Agricultural Mortgage Corporation Agricultural Mortgage Corporation PLC | Legal charge | 1 property | 18/09/1991 | 17/08/2013 | |
| outstanding | Midland Bank Midland Bank PLC | Mortgage | 1 property | 03/10/1969 | — | |
| satisfied | National Farmers Union Mutual Insurance Society National Farmers Union Mutual Insurance Society Limited | Mortgage | 1 property | 23/09/1966 | 24/09/1991 |