ACRIVARN LIMITED
- · Thesis: well-run, low negotiation leverage
Opportunity 74/100 (strong), bankability 77/100. Strong seller-intent signal (93/100, director aged 66). 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
4 live charges · 4 lenders · oldest 51.7y
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 51.7 years old — likely at or near maturity.
- · 4 lenders named — inter-creditor friction likely.
- · Legal-friction score 25/100 — workable, but lender will want more DD.
Data confidence
Overall: high (80/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
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 | 2025-04-05 | 2024-04-05 |
|---|---|---|
| Total assets | £1.17M | £860.5k |
| Current assets | £1.44M | £1.44M |
| Cash | £868.5k | £678.4k |
| Debtors | £361.1k | £495.4k |
| Net assets | £1.12M | £792.0k |
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
Corporate timeline (37 events)Click to expand
- 2025-10-07📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-10-09📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2024-10-09📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2024-07-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-05-13📄capital-statement-capital-company-with-date-currency-figurecapital · SH19
- 2024-05-13📄legacycapital · SH20
- 2024-05-13⚠️legacyinsolvency · CAP-SS
- 2024-05-13📄resolutionresolution · RESOLUTIONS
- 2024-05-13📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2024-05-13📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2024-03-28➖OWEN, Lindsay Michael resigneddirector
- 2024-03-28📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-11-10📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-12-20📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-11-22📄change-person-director-company-with-change-dateofficers · CH01
- 2022-09-06📄termination-director-company-with-name-termination-dateofficers · TM01
- 2021-11-26📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC05
- 2021-11-25📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC05
- 2021-11-01📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2021-07-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-08-03➖WORSNOP, Raymond resigneddirector
- 2019-04-03🔓Charge satisfied #4
- 2019-04-03🔓Charge satisfied #3
- 2017-02-11➖WORSNOP, Daisy resigneddirector
- 2014-09-30➕COPE, Susan Lorraine appointedsecretary
- 2014-09-30➖WORSNOP, Karen Lesley resignedsecretary
- 2013-03-26🔒Charge registered #4Lender: Hsbc Bank PLC
- 1997-07-16🔓Charge satisfied #2
- 1997-07-16🔓Charge satisfied #1
- 1997-04-17🔒Charge registered #3Lender: Midland Bank PLC
- 1994-06-21➖COPE, Susan Lorraine resignedsecretary
- 1994-06-21➕WORSNOP, Karen Lesley appointedsecretary
- 1994-01-01➕WORSNOP, Karen Lesley appointeddirector
- 1994-01-01➕OWEN, Lindsay Michael appointeddirector
- 1982-03-03🔒Charge registered #2Lender: National Westminster Bank PLC
- 1974-08-20🔒Charge registered #1Lender: National Westminster Bank LTD
- 1967-03-08🏢Company incorporatedAs ACRIVARN 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 32 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 66 — succession pressure is live.
Succession & seller-readiness
Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
- primaryFounder aged 63+: Senior director is approximately 66. 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 32 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
1 high · 1 med ·Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2024-05-13: legacy
Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
Acrivarn Group Holdings Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Acrivarn Group Holdings Limited Corporate entity | 75–100% | — | 75-100% shares | 01/05/2024 |
2 historic (ceased) PSCs
- Worsnop Holdings Limitedceased 01/05/2024· 75-100% shares
- Acrivarn Holdings Limitedceased 01/05/2024· 75-100% shares · 75-100% voting · board control · firm interest
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
See pricing →Similar companies
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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 · 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 | 26/03/2013 | 03/04/2019 | |
| satisfied | Midland Bank Midland Bank PLC | Fixed and floating charge | 1 property | 17/04/1997 | 03/04/2019 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Legal mortgage | 1 property | 03/03/1982 | 16/07/1997 | |
| satisfied | National Westminster Bank National Westminster Bank LTD | Mortgage debenture | 1 property | 20/08/1974 | 16/07/1997 |