ALAN NORTHROP LIMITED
- 46900Non-specialised wholesale trade
Opportunity 75/100 (strong), bankability 57/100. Strong seller-intent signal (63/100, director aged 81). Biggest value-creation lever: Consolidate lender relationships. 5 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).
Refinance opportunity
8 live charges · 5 lenders · oldest 50.5y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 50.5 years old — likely at or near maturity.
- · 5 lenders named — inter-creditor friction likely.
- · Cashflow trend is negative — lender view likely cautious.
Data confidence
Overall: medium (78/100)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.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredKey financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-11-30 | 2024-11-30 |
|---|---|---|
| Total assets | £1.29M | £1.16M |
| Current assets | £749.1k | £748.8k |
| Cash | £34.9k | £54.0k |
| Debtors | £365.4k | £376.3k |
| Net assets | £1.07M | £900.2k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
4 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
- • 1 officers
- • 1 accounts
Corporate timeline (33 events)Click to expand
- 2026-04-14📄termination-director-company-with-name-termination-dateofficers · TM01
- 2026-04-13📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2026-03-31➖STRIDE, Richard Andrew resigneddirector
- 2025-09-02📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-09-17📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-03-29📄legacymiscellaneous · ANNOTATION
- 2023-08-11📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-04-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-03-19📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-06-15📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-09-25📄change-person-director-company-with-change-dateofficers · CH01
- 2019-04-30📄accounts-with-accounts-type-smallaccounts · AA
- 2018-11-15📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2018-11-12🔒Charge registered #8Lender: Lloyds Bank PLC
- 2018-02-12📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-03-22📄accounts-with-accounts-type-smallaccounts · AA
- 2016-01-21📄accounts-with-accounts-type-smallaccounts · AA
- 2013-05-09🔒Charge registered #7Lender: Lloyds Tsb Bank PLC
- 2011-11-02🔓Charge satisfied #3
- 2011-10-05🔓Charge satisfied #4
- 2011-10-04🔒Charge registered #6Lender: Skipton Business Finance Limited
- 2011-09-28🔒Charge registered #5Lender: Skipton Business Finance Limited
- 2011-08-11🔒Charge registered #4Lender: National Westminster Bank PLC
- 2009-03-05➖BRENNAN, Paul Anthony resigneddirector
- 2003-04-04➕BRENNAN, Paul Anthony appointeddirector
- 2003-04-04➕STRIDE, Richard Andrew appointeddirector
- 2002-09-12➕HULME, Jenny Elizabeth appointeddirector
- 2002-09-12➕NORTHROP, Nicholas John appointeddirector
- 2000-06-19🔒Charge registered #3Lender: Lombard Natwest Discounting Limited
- 1999-11-26🔓Charge satisfied #2
- 1992-09-10🔒Charge registered #1Lender: National Westminster Bank PLC
- 1976-02-03🔒Charge registered #2Lender: National Westminster Bank PLC
- 1962-06-21🏢Company incorporatedAs ALAN NORTHROP LIMITED
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- -4 active directors: Broader management team in place — suggests transferable governance.
- +Founder name in company name: Company name contains director surname "NORTHROP" — strong identity link between founder and business.
- +Long-tenure founder: Senior director has been in place 24 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 81 — 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 81 years old. Natural succession window is now.
- primary20+ year tenure: Director in role 24 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 64 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 · 1 lowMultiple 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| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Roger Arthur Northrop Individual · British · DOB 03/1945 · age 81 | 25–50% | — | 25-50% shares | 07/09/2016 |
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 (5 active · 2 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group Lloyds Bank PLC | A registered charge | 1 property | 12/11/2018 | — | |
| outstanding | Lloyds Banking Group Lloyds Tsb Bank PLC | A registered charge | 1 property | 09/05/2013 | — | |
| outstanding | Skipton Business Finance Skipton Business Finance Limited | Fixed & floating charge | 1 property | 04/10/2011 | — | |
| outstanding | Skipton Business Finance Skipton Business Finance Limited | Legal charge | 1 property | 28/09/2011 | — | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Debenture | 1 property | 11/08/2011 | 05/10/2011 | |
| satisfied | NatWest Group Lombard Natwest Discounting Limited | Fixed and floating charge | 1 property | 19/06/2000 | 02/11/2011 | |
| outstanding | National Westminster Bank National Westminster Bank PLC | Legal mortgage | 1 property | 10/09/1992 | — | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Legal mortgage | 1 property | 03/02/1976 | 26/11/1999 |