AXALTA POWDER COATING SYSTEMS UK LIMITED
Opportunity 72/100 (strong), bankability 67/100. Share purchase looks the cleaner deal structure. 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 (70/100).
Refinance opportunity
9 live charges · 4 lenders · oldest 13.4y
Refinance viable after a tidy-up — address the highlighted items first.
- · Oldest live charge is 13.4 years old — likely at or near maturity.
- · 4 lenders named — inter-creditor friction likely.
- · Legal-friction score 38/100 — workable, but lender will want more DD.
- · Profitable and stable/growing — lender coverage supportable.
Data confidence
Overall: high (82/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.
Available from the Pro tier upwards.
See pricing →Solid opportunity signal. Worth a dedicated memo and management meeting.
Signals from accounts
Derived from iXBRL accounts · FRS 102Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Profit before tax | £932.0k | £890.0k |
| Average employees | 71 | 6400 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
3 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
- • 2 officers
- • 2 officers
Corporate timeline (92 events)Click to expand
- 2026-04-16📄appoint-person-director-company-with-name-dateofficers · AP01
- 2026-04-16📄termination-director-company-with-name-termination-dateofficers · TM01
- 2026-04-14➕JORDENS, Marc appointeddirector
- 2026-04-14➖SIMPSON, Elizabeth Ann resigneddirector
- 2025-09-30📄accounts-with-accounts-type-fullaccounts · AA
- 2025-05-02📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-05-02📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-05-01➕SIMPSON, Elizabeth Ann appointeddirector
- 2025-04-30➖RIDGEWAY, John resigneddirector
- 2025-03-28➕YOUENS, Laura Michele appointeddirector
- 2025-03-28➖BLENKINSOPP, James Ian resignedsecretary
- 2025-03-28➖BLENKINSOPP, James Ian resigneddirector
- 2025-03-28📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-03-28📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-03-28📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2025-02-28📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-02-28🔒Charge registered #9Lender: Barclays Bank PLC, 1 Churchill Place, London, E14 5HP
- 2024-08-22📄accounts-with-accounts-type-fullaccounts · AA
- 2023-09-29📄accounts-with-accounts-type-fullaccounts · AA
- 2023-04-25📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-04-25📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-04-25🔓Charge satisfied #5
- 2023-04-25🔓Charge satisfied #4
- 2023-04-19📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-04-19📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-04-19📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-04-19🔓Charge satisfied #7
- 2023-04-19🔓Charge satisfied #6
- 2023-04-19🔓Charge satisfied #1
- 2023-04-17📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-04-14🔒Charge registered #8Lender: Barclays Bank PLC
- 2022-10-06📄accounts-with-accounts-type-fullaccounts · AA
- 2022-03-25📄auditors-resignation-companyauditors · AUD
- 2021-12-17📄accounts-with-accounts-type-fullaccounts · AA
- 2018-06-22🔒Charge registered #7Lender: Barclays Bank PLC
- 2017-07-13🔒Charge registered #6Lender: Barclays Bank PLC as Collateral Agent
- 2017-03-01🔒Charge registered #5Lender: Barclays Bank PLC
- 2016-10-06🔓Charge satisfied #3
- 2016-10-06🔓Charge satisfied #2
- 2016-08-02🔒Charge registered #3Lender: Wilmington Trust, National Association
- 2016-08-01🔒Charge registered #4Lender: Barclays Bank PLC
- 2013-03-20➕BLENKINSOPP, James Ian appointedsecretary
- 2013-02-01🔒Charge registered #2Lender: Wilmington Trust, National Association
- 2013-02-01🔒Charge registered #1Lender: Barclays Bank PLC
- 2013-01-24➖BAKER, Andrew resignedsecretary
- 2013-01-24➖BAKER, Andrew resigneddirector
- 2013-01-24➕BLENKINSOPP, James Ian appointeddirector
- 2013-01-24➖GOUGH, Adrian Paul resigneddirector
- 2013-01-24➕RIDGEWAY, John appointeddirector
- 2008-01-31➕GOUGH, Adrian Paul appointeddirector
Owner dependency
Some founder dependency, but not acute. A structured handover period should cover most risk.
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
Succession & seller-readiness
Limited succession signal. Not a near-term off-market candidate.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
Red flags
1 med ·Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
Axalta Coating Systems Uk 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 |
|---|---|---|---|---|
Axalta Coating Systems Uk Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control · firm interest | 10/12/2020 |
1 historic (ceased) PSC
- Axalta Coating Systems Uk Holding Limitedceased 10/12/2020· 75-100% shares · 75-100% voting · board control
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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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 · 30 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Barclays Barclays Bank PLC, 1 Churchill Place, London, E14 5HP | A registered charge | — | 28/02/2025 | — | |
| outstanding | Barclays Barclays Bank PLC | A registered charge | — | 14/04/2023 | — | |
| satisfied | Barclays Barclays Bank PLC | A registered charge | — | 22/06/2018 | 19/04/2023 | |
| satisfied | Barclays Barclays Bank PLC as Collateral Agent | A registered charge | — | 13/07/2017 | 19/04/2023 | |
| satisfied | Barclays Barclays Bank PLC | A registered charge | — | 01/03/2017 | 25/04/2023 | |
| satisfied | Wilmington Trust, National Association | A registered charge | — | 02/08/2016 | 06/10/2016 | |
| satisfied | Barclays Barclays Bank PLC | A registered charge | — | 01/08/2016 | 25/04/2023 | |
| satisfied | Wilmington Trust, National Association | Debenture | 1 property | 01/02/2013 | 06/10/2016 | |
| satisfied | Barclays Barclays Bank PLC | Debenture | 1 property | 01/02/2013 | 19/04/2023 |