ARJO WIGGINS FINE PAPERS LIMITED
Opportunity 33/100 (pass), bankability 2/100. High owner-dependency — earn-out structure likely required for clean transition. Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: asset disposal / carve-out (100/100). Current lenders should be on immediate intervention.
Refinance opportunity
7 live charges · 4 lenders · oldest 17.5y
Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.
- · Oldest live charge is 17.5 years old — likely at or near maturity.
- · 4 lenders named — inter-creditor friction likely.
- · Legal-friction score 60/100 (high).
Data confidence
Overall: medium (59/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Clear signal to pass. Time better spent elsewhere unless you have a specific strategic angle.
Recent activity
- • 2 insolvency
Corporate timeline (111 events)Click to expand
- 2026-02-11⚠️liquidation-in-administration-progress-reportinsolvency · AM10
- 2025-12-31⚠️liquidation-in-administration-extension-of-periodinsolvency · AM19
- 2025-08-12⚠️liquidation-in-administration-progress-reportinsolvency · AM10
- 2025-06-11⚠️liquidation-in-administration-appointment-of-a-replacement-or-additional-administratorinsolvency · AM11
- 2025-06-11⚠️liquidation-in-administration-removal-of-administrator-from-officeinsolvency · AM16
- 2025-06-11⚠️liquidation-in-administration-appointment-of-a-replacement-or-additional-administratorinsolvency · AM11
- 2025-06-11⚠️liquidation-in-administration-removal-of-administrator-from-officeinsolvency · AM16
- 2025-02-11⚠️liquidation-in-administration-progress-reportinsolvency · AM10
- 2024-08-14⚠️liquidation-in-administration-progress-reportinsolvency · AM10
- 2024-04-10⚠️liquidation-in-administration-progress-reportinsolvency · AM10
- 2023-08-17⚠️liquidation-in-administration-progress-reportinsolvency · AM10
- 2023-08-02⚠️liquidation-in-administration-extension-of-periodinsolvency · AM19
- 2023-02-20⚠️liquidation-in-administration-progress-reportinsolvency · AM10
- 2022-08-30⚠️liquidation-in-administration-progress-reportinsolvency · AM10
- 2022-02-11⚠️liquidation-in-administration-progress-reportinsolvency · AM10
- 2021-08-24⚠️liquidation-in-administration-progress-reportinsolvency · AM10
- 2021-02-18⚠️liquidation-in-administration-progress-reportinsolvency · AM10
- 2021-01-15⚠️liquidation-in-administration-extension-of-periodinsolvency · AM19
- 2020-08-24⚠️liquidation-in-administration-progress-reportinsolvency · AM10
- 2020-03-06⚠️liquidation-in-administration-progress-reportinsolvency · AM10
- 2020-02-10📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2020-01-23📄termination-director-company-with-name-termination-dateofficers · TM01
- 2020-01-23📄termination-director-company-with-name-termination-dateofficers · TM01
- 2020-01-17➖EVERSECRETARY LIMITED resignedcorporate-secretary
- 2019-12-26➖MACSWEEN, Angus Lachlan resigneddirector
- 2019-12-26➖MITCHELL, Jonathan David resigneddirector
- 2019-12-05⚠️liquidation-in-administration-extension-of-periodinsolvency · AM19
- 2019-08-28⚠️liquidation-in-administration-progress-reportinsolvency · AM10
- 2019-01-31➖NEWELL, Martin John resigneddirector
- 2018-02-14🔒Charge registered #7Lender: Sqn Asset Finance Income Fund Limited
- 2017-10-06➖LAIGLE, Jean-Baptiste resigneddirector
- 2016-06-27➕MACSWEEN, Angus Lachlan appointeddirector
- 2016-06-06➖MOUNTFORD, Clive resigneddirector
- 2015-12-30🔒Charge registered #6Lender: Sqn Asset Finance Income Fund Limited
- 2015-12-17🔒Charge registered #5Lender: Sqn Asset Finance Income Fund Limited
- 2015-10-31🔓Charge satisfied #4
- 2015-10-31🔓Charge satisfied #3
- 2013-04-12➖LE CHATELIER, Aymeric Philippe Marie resigneddirector
- 2013-02-22➖KRONFOL, Salma resigneddirector
- 2013-02-22➕LAIGLE, Jean-Baptiste appointeddirector
- 2012-07-02➖LEONARD, Guy Maurice Marie resigneddirector
- 2012-07-02➕MITCHELL, Jonathan David appointeddirector
- 2012-04-30🔒Charge registered #4Lender: Natixis (The Security Agent)
- 2012-04-30🔒Charge registered #3Lender: Natixis (The Security Agent) and Original Beneficiaries
- 2012-02-15➕GOURJON, Alain Philippe Daniel appointeddirector
- 2012-02-15➖MARUANI, Edouard Charles Maxime resigneddirector
- 2010-07-02➖HARVEY, Andrew resigneddirector
- 2010-02-10➕LE CHATELIER, Aymeric Philippe Marie appointeddirector
- 2010-02-10➕MARUANI, Edouard Charles Maxime appointeddirector
- 2010-02-10➕MOUNTFORD, Clive appointeddirector
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Sole director: Only one active director — all governance concentrated on one person.
- +Senior director age: Director aged approximately 61 — approaching natural succession window.
Succession & seller-readiness
Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.
- secondaryFounder aged 58+: Senior director is approximately 61. Early succession window.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- secondary12+ year tenure: Director in role 14 years.
- secondaryStable-but-static management: Company is 57 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
4 high · 1 med · 1 lowStatutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.
Evidence: Next due: 2019-09-30
Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.
Evidence: Next due: 2019-02-16
Company is in a formal insolvency or administration process. Treat accordingly.
Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2026-02-11: liquidation-in-administration-progress-report; 2025-12-31: liquidation-in-administration-extension-of-period
Multiple 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.
Group structure
The Wiggins Teape Group 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 |
|---|---|---|---|---|
The Wiggins Teape Group Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 06/04/2016 |
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.
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13 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 (1 active · 42 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Sqn Asset Finance Income Fund Sqn Asset Finance Income Fund Limited | A registered charge | — | 14/02/2018 | — | |
| outstanding | Sqn Asset Finance Income Fund Sqn Asset Finance Income Fund Limited | A registered charge | 1 property | 30/12/2015 | — | |
| outstanding | Sqn Asset Finance Income Fund Sqn Asset Finance Income Fund Limited | A registered charge | — | 17/12/2015 | — | |
| satisfied | Natixis (The Security Agent) | An english law pledge over receivables | 1 property | 30/04/2012 | 31/10/2015 | |
| satisfied | Natixis (The Security Agent) and Original Beneficiaries | French law pledge over receivables | 1 property | 30/04/2012 | 31/10/2015 | |
| outstanding | Bnp Paribas Factor | Mortgage over bank accounts | 4 properties | 28/01/2009 | — | |
| outstanding | Bnp Paribas Factor | Mortgage over bank accounts | 2 properties | 08/12/2008 | — |