ARMSTRONGS OF WORCESTER LIMITED

💤Zombieactive

00602135 · ltd · incorporated 1958-04-03

Investment thesis

Zombie company — trading but stalled; unlikely mover.

Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.

Why risky: No growth signal; thin margin for error on price.

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Feb 2026

Net worth

—

book net assets

Opportunity

77/100

Strong

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What this business does

Primary activity: Retail sale of clothing in specialised stores

Sector: Wholesale & retail

Investor take

Pursue

Active trading company with a 65-year-old founder — textbook succession opportunity.

Opportunity 77/100 (strong), bankability 67/100. Strong seller-intent signal (78/100, director aged 65). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 6 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

9 live charges · 5 lenders · oldest 68.2y

15/100

under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

· Oldest live charge is 68.2 years old — likely at or near maturity.
· 5 lenders named — inter-creditor friction likely.
· Distress signals active — lender appetite narrows.

Data confidence

Overall: high (80/100)

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

Lenders & charges

9 charges (9/9 with lender, 9/9 with type)

Directors & officers

5 officers (1 active, 5 linked, 4 with DOB)

Ownership & PSC

1 active PSC(s) of 2 total, 2 with control declared

Director network

2 connected companies via shared directors

Filing history

118 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

77/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

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

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102

Metric	2026-02-28	2025-02-28
Average employees	5	400

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

filing

• 1 accounts

Last 90 days

filing

• 1 accounts

Last 180 days

filing

• 1 accounts

Counts from Companies House filing history.

Corporate timeline (37 events)Click to expand

2026-06-29
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-07-07
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-08-07
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-07-28
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-11-08
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-09-29
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-10-01
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-09-26
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-09-26
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2018-08-20
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2017-09-28
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2017-09-20
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2016-11-09
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2015-10-09
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2015-10-05
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2014-10-18
➖
HYSLOP, Wendy Clark resigned
secretary
2014-10-18
➖
HYSLOP, Wendy Clark resigned
director
2013-06-29
🔓
Charge satisfied #9
2006-12-02
➖
HYSLOP, Alec Robin resigned
director
2005-11-03
🔓
Charge satisfied #7
2005-11-03
🔓
Charge satisfied #6
2005-11-03
🔓
Charge satisfied #5
2005-11-03
🔓
Charge satisfied #4
2005-11-03
🔓
Charge satisfied #3
2005-11-03
🔓
Charge satisfied #2
2005-11-03
🔓
Charge satisfied #1
2005-10-31
🔒
Charge registered #9
Lender: National Westminster Bank PLC
2005-10-13
🔒
Charge registered #8
Lender: National Westminster Bank PLC
1996-04-30
🔒
Charge registered #7
Lender: Nationwide Building Society
1996-01-22
➖
STODDARD, Alexandra Armstrong resigned
director
1990-03-26
🔒
Charge registered #6
Lender: Nationwide Anglia Building Society
1990-03-26
🔒
Charge registered #5
Lender: Nationwide Anglia Building Society
1986-09-15
🔒
Charge registered #4
Lender: Alec Robin Hyslop
1975-10-09
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Charge registered #3
Lender: National Westminster Bank PLC
1975-10-09
🔒
Charge registered #2
Lender: National Westminster Bank PLC
1958-04-25
🔒
Charge registered #1
Lender: Worcester Building Society
1958-04-03
🏢
Company incorporated
As ARMSTRONGS OF WORCESTER LIMITED

Owner dependency

90/100

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

+Sole director: Only one active director — all governance concentrated on one person.
+Founder age: Director aged approximately 65 — succession pressure is live.

Succession & seller-readiness

75/100

Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS

primaryFounder aged 63+: Senior director is approximately 65. Approaching typical UK retirement age — succession thinking likely.
primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
secondaryStable-but-static management: Company is 68 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

1 med ·

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.

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%

Name	Shares	Voting rights	Nature of control	Notified
Mr Simon Alexander Armstrong Hyslop Individual · British · DOB 05/1961 · age 65	75–100%	75–100%	board control75-100% shares · 75-100% voting · board control	21/09/2016

1 historic (ceased) PSC

Mr Simon Alexander Armstrong Hyslopceased 01/05/2017· 75-100% shares · 75-100% voting · board control

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 →

Similar companies

Active · Retail · WR postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
ARMY & OUTDOOR STORE LIMITED→ 10021504 · est 2016 · no financials extracted	—	—	—	—	10y	—	—
ARTIFECTS (AGENTS) UK LIMITED→ 07994044 · est 2012 · no financials extracted	—	—	—	—	14y	—	—
ARTS ENTERPRISES WORCESTER LTD→ 02827118 · est 1993 · no financials extracted	—	—	—	—	32y	—	—
AT HOME WITH THE RUDDS LIMITED→ 12871556 · est 2020 · no financials extracted	—	—	—	—	5y	—	—
ATHANE LTD→ 16612641 · est 2025 · no financials extracted	—	—	—	—	—	—	—
ATLANTA TRADE LTD→ 16181634 · est 2025 · no financials extracted	—	—	—	—	1y	—	—
AUTO ELECTRIC SUPPLIES LIMITED→ 05140360 · est 2004 · no financials extracted	—	—	—	—	21y	—	—
AZURE GARDEN BUILDINGS LIMITED→ 12526285 · est 2020 · no financials extracted	—	—	—	—	6y	—	—
BALKANIKA FOODS LIMITED→ 09595083 · est 2015 · no financials extracted	—	—	—	—	10y	—	—
BALKANIKA TRADING LIMITED→ 13294286 · est 2021 · no financials extracted	—	—	—	—	5y	—	—
BALTIC HOT TUBS LTD→ 12579320 · est 2020 · no financials extracted	—	—	—	—	5y	—	—
BARC INTERNATIONAL LIMITED→ 10368528 · est 2016 · no financials extracted	—	—	—	—	9y	—	—

Peers ranked by estimated value, then turnover, then opportunity score.See all →

🔒Tailored diligence questions

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 →

🔒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

Incorporated1958-04-03

Jurisdictionengland-wales

Primary SIC47710 — Retail sale of clothing in specialised stores

Registered office

13 Sansome Walk

Worcester

Worcestershire

WR1 1LU

Filing status

Accounts

Next due: 2027-11-30

Last made up to: 2026-02-28

Confirmation statement

Next due: 2026-10-07

Last: 2025-09-23

Officers (1 active · 4 resigned)

HYSLOP, Simon Alexander Armstrong→

director · ~65y

View their other companies + combined net worth →

Active

HYSLOP, Wendy Clark→

secretary · resigned 2014-10-18

Resigned

HYSLOP, Alec Robin→

director · ~105y · resigned 2006-12-02

Resigned

HYSLOP, Wendy Clark→

director · ~96y · resigned 2014-10-18

Resigned

STODDARD, Alexandra Armstrong→

director · ~67y · resigned 1996-01-22

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:9 of 9 shown

		Type	Properties
satisfied	National Westminster Bank National Westminster Bank PLC	Legal charge	1 property	31/10/2005	29/06/2013
outstanding	National Westminster Bank National Westminster Bank PLC	Debenture	1 property	13/10/2005	—
satisfied	Nationwide Nationwide Building Society	Legal charge	1 property	30/04/1996	03/11/2005
satisfied	Nationwide Anglia Building Society	Mortgage debenture	1 property	26/03/1990	03/11/2005
satisfied	Nationwide Anglia Building Society	Mortgage	1 property	26/03/1990	03/11/2005
satisfied	Alec Robin Hyslop / Wendy Clark Hyslop	Debenture	1 property	15/09/1986	03/11/2005
satisfied	National Westminster Bank National Westminster Bank PLC	Legal mortgage	1 property	09/10/1975	03/11/2005
satisfied	National Westminster Bank National Westminster Bank PLC	Legal mortgage	1 property	09/10/1975	03/11/2005
satisfied	Worcester Building Society	Legal charge	1 property	25/04/1958	03/11/2005

Click column headers to sort. Use filters above to narrow by status and lender.