ANNINGS (ILKLEY) LIMITED
- · Thesis: well-run, low negotiation leverage
Opportunity 82/100 (exceptional), bankability 67/100. Strong seller-intent signal (83/100, director aged 65). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).
Refinance opportunity
3 live charges · 3 lenders · oldest 50.8y
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 50.8 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Legal-friction score 35/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (77/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.
Signals from accounts
Derived from iXBRL accounts · FRS 105 (micro)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 105 (micro)| Metric | 2026-01-31 | 2025-01-31 |
|---|---|---|
| Total assets | £49.4k | £48.8k |
| Current assets | £41.8k | £44.6k |
| Net assets | £47.1k | £46.5k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
1 signal 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
Corporate timeline (28 events)Click to expand
- 2026-04-20📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2025-05-14📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-07-04📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2024-04-16📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-03-14📄change-to-a-person-with-significant-control-without-name-datepersons-with-significant-control · PSC04
- 2024-03-13📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2023-07-10📄change-to-a-person-with-significant-control-without-name-datepersons-with-significant-control · PSC04
- 2023-07-07📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2023-05-03📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-04-19📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2022-05-03📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-06-09📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-07-02📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-06-03📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2018-07-13📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2018-07-12📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2015-06-26➕WITT, Helen Elizabeth appointedsecretary
- 2015-06-26➕WITT, Helen Elizabeth appointeddirector
- 2015-06-26➖ANNING, Lisa resignedsecretary
- 2015-06-26➖ANNING, Lisa resigneddirector
- 2015-06-26➖ANNING, Paul Richard resigneddirector
- 1997-02-03➕WITT, David Richard appointeddirector
- 1995-02-01➕ANNING, Lisa appointeddirector
- 1992-06-01🔓Charge satisfied #2
- 1989-05-31🔒Charge registered #3Lender: Barclays Bank PLC
- 1985-01-24🔒Charge registered #2Lender: Yorkshire Bank PLC.
- 1975-09-09🔒Charge registered #1Lender: Yorkshire Bank LTD.
- 1960-10-13🏢Company incorporatedAs ANNINGS (ILKLEY) 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.
- +Long-tenure founder: Senior director has been in place 29 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 65 — 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 63+: Senior director is approximately 65. Approaching typical UK retirement age — succession thinking likely.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- primary20+ year tenure: Director in role 29 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 66 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
cleanShareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr David Richard Witt Individual · English · DOB 12/1961 · age 65 | 25–50% | 25–50% | board control25-50% shares · 25-50% voting · board control | 12/07/2018 |
Mrs Helen Elizabeth Witt Individual · British · DOB 04/1963 · age 63 | 25–50% | 25–50% | board control25-50% shares · 25-50% voting · board control | 26/06/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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7 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 · 3 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Barclays Barclays Bank PLC | Legal charge | 1 property | 31/05/1989 | — | |
| satisfied | Virgin Money Yorkshire Bank PLC. | Debenture | 1 property | 24/01/1985 | 01/06/1992 | |
| outstanding | Virgin Money Yorkshire Bank LTD. | Debenture | 1 property | 09/09/1975 | — |