15 CASTLE GATE LTD
- · Thesis: well-run, low negotiation leverage
Opportunity 82/100 (exceptional), bankability 85/100. Strong seller-intent signal (80/100, director aged 59). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (73/100).
Refinance opportunity
2 live charges · 2 lenders · oldest 38.3y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 38.3 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · 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.
Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.
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 | 2025-02-28 | 2024-02-29 |
|---|---|---|
| Total assets | £50.4k | £80.9k |
| Current assets | £134.0k | £156.7k |
| Cash | £90.1k | £111.0k |
| Debtors | £11.0k | £12.8k |
| Net assets | £20.2k | £44.1k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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
Corporate timeline (27 events)Click to expand
- 2025-08-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-06-20📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-07-26📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-08-17📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-06-10📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-09-10📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-11-19📄mortgage-satisfy-charge-fullmortgage · MR04
- 2019-11-19🔓Charge satisfied #2
- 2019-06-17📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-06-18📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-07-10📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2016-11-02📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2016-08-19📄appoint-person-director-company-with-name-dateofficers · AP01
- 2016-08-18➕MCMENAMIN, Deborah appointeddirector
- 2015-11-30📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2015-09-04📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2015-06-25📄change-person-director-company-with-change-dateofficers · CH01
- 2011-06-21🔓Charge satisfied #1
- 2010-03-01➖MONTEROSSO, Calagero resigneddirector
- 2008-04-16➖HALL, Robert Keith resignedsecretary
- 2007-08-23➖MONTEROSSO, Nazzareno resigneddirector
- 2004-06-22🔒Charge registered #2Lender: Hsbc Bank PLC
- 2002-01-24➖JERRAM, Kenneth resigneddirector
- 2001-09-01➕MCMENAMIN, Sean Francis appointeddirector
- 1999-07-17➖WYATT, Rex Anthony resigneddirector
- 1988-02-10🔒Charge registered #1Lender: The Royal Bank of Scotland PLC.
- 1967-01-13🏢Company incorporatedAs 15 CASTLE GATE LTD
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 25 years — deep operational knowledge concentrated in one person.
- +Senior director age: Director aged approximately 59 — approaching natural succession window.
- +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.
- secondaryFounder aged 58+: Senior director is approximately 59. Early succession window.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- primary20+ year tenure: Director in role 25 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 59 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 Sean Francis Mcmenamin Individual · British · DOB 05/1967 · age 59 | 50–75% | — | 50-75% shares | 06/04/2016 |
Mrs Deborah Mcmenamin Individual · British · DOB 10/1967 · age 59 | 25–50% | — | 25-50% shares | 06/04/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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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 · 5 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | HSBC Hsbc Bank PLC | Debenture | 1 property | 22/06/2004 | 19/11/2019 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC. | Debenture | 1 property | 10/02/1988 | 21/06/2011 |