ARNWAY LIMITED

💤Zombieactive
01102804 · ltd · incorporated 1973-03-20
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
🔒Estimated value
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Turnover
year to Nov 2024
Net worth
£-24.1k
book net assets
Opportunity
77/100
Strong
🔔
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What this business does
Primary activity: SIC 25990
Sector: Manufacturing
ALSO REGISTERED FOR
  • 33110SIC 33110
  • 33120Repair of machinery
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 77/100 (strong), bankability 80/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -100% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

2 live charges · oldest 40.8y

45/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 40.8 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (77/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, 3 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
6 officers (1 active, 6 linked, 4 with DOB)
83
Ownership & PSC
2 active PSC(s) of 4 total, 4 with control declared
90
Director network
Network not yet resolved
30
Filing history
103 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
77/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Negative net assets
Liabilities exceed assets by £24,100
Very low cash
Cash position: £2
Cash draining
Cash down 100% YoY
Cash YoY
-100%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£2
↓ 100% YoY
Net Worth
-£24k
↑ 24% YoY
Current Assets
£55k
↓ 27% YoY
Current Liabilities
-£32k-£11k£11k£32k£54k£75kNov 2023Nov 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-11-302023-11-30
Total assets£-2.8k£-11.9k
Current assets£55.0k£74.9k
Cash£2£928
Debtors£48.8k£67.5k
Net assets£-24.1k£-31.9k

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

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

Last 30 days
1
filing
  • 1 confirmation-statement
Last 90 days
10
filings
  • 4 persons-with-significant-control
  • 4 officers
  • 1 confirmation-statement
Last 180 days
10
filings
  • 4 persons-with-significant-control
  • 4 officers
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (30 events)Click to expand
  1. 2026-05-27
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  2. 2026-05-06
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  3. 2026-05-06
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  4. 2026-05-06
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  5. 2026-05-06
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  6. 2026-05-06
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  7. 2026-05-06
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  8. 2026-05-06
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  9. 2026-05-06
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  10. 2026-04-29
    GREEN, Philip John appointed
    director
  11. 2026-04-29
    ELAND, Joanne Christine resigned
    secretary
  12. 2026-04-29
    LEAKE, Geoffrey Martin resigned
    director
  13. 2026-04-29
    LEAKE, Steven resigned
    director
  14. 2025-07-09
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2024-08-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2024-07-16
    📄
    change-person-director-company-with-change-date
    officers · CH01
  17. 2024-07-10
    📄
    change-person-director-company-with-change-date
    officers · CH01
  18. 2024-06-21
    📄
    change-person-director-company-with-change-date
    officers · CH01
  19. 2023-08-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  20. 2023-04-27
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  21. 2023-04-26
    LEAKE, Geoffrey Martin appointed
    director
  22. 2022-10-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  23. 2021-11-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  24. 2020-11-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  25. 2001-06-04
    ELAND, Joanne Christine appointed
    secretary
  26. 2001-06-04
    LEAKE, Eileen resigned
    secretary
  27. 2001-06-04
    LEAKE, Eileen resigned
    director
  28. 1989-01-27
    🔒
    Charge registered #2
    Lender: National Westminster Bank PLC
  29. 1985-09-02
    🔒
    Charge registered #1
    Lender: National Westminster Bank PLC
  30. 1973-03-20
    🏢
    Company incorporated
    As ARNWAY LIMITED

Owner dependency

83/100
Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

FACTORS
  • +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

55/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • 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.

Red flags

1 med ·
3 director resignations in last 12 months
medium

Multiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.

Evidence: ELAND, Joanne Christine resigned 2026-04-29; LEAKE, Geoffrey Martin resigned 2026-04-29; LEAKE, Steven resigned 2026-04-29

Group structure

Motherwell Tank (Holdings) Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Motherwell Tank (Holdings) Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
ARNWAY LIMITED
This company · 01102804

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

2 active beneficial owners · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Motherwell Tank (Holdings) Limited
Corporate entity
75100%
75–100%board control75-100% shares · 75-100% voting · board control29/04/2026
Mr Philip John Green
Individual · English · DOB 07/1965 · age 61
5075%
50–75%board control50-75% shares · 50-75% voting · board control29/04/2026
2 historic (ceased) PSCs
  • Mr Steven Leakeceased 29/04/2026· 50-75% shares
  • Mrs Joanne Christine Elandceased 29/04/2026· 25-50% shares

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

7 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 →
🔒Advanced scoring suite

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

Statusactive
Typeltd
Incorporated1973-03-20
Jurisdictionengland-wales
Primary SIC25990 — SIC 25990

Registered office

Lea Green Industrial Estate
St. Michaels Road
St. Helens
WA9 4WZ
England

Filing status

Accounts
Next due: 2026-08-31
Last made up to: 2024-11-30
Confirmation statement
Next due: 2027-06-14
Last: 2026-05-31

Officers (1 active · 5 resigned)

GREEN, Philip John
director · ~61y · appointed 2026-04-29
View their other companies + combined net worth →
Active
ELAND, Joanne Christine
secretary · appointed 2001-06-04 · resigned 2026-04-29
Resigned
LEAKE, Eileen
secretary · resigned 2001-06-04
Resigned
LEAKE, Eileen
director · ~98y · resigned 2001-06-04
Resigned
LEAKE, Geoffrey Martin
director · ~34y · appointed 2023-04-26 · resigned 2026-04-29
Resigned
LEAKE, Steven
director · ~72y · resigned 2026-04-29
Resigned

Click a director name to see their full track record across all companies.

Mortgages & charges

2
Total charges
2
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
National Westminster Bank
National Westminster Bank PLC
Legal mortgage1 property27/01/1989
outstanding
National Westminster Bank
National Westminster Bank PLC
Mortgage debenture1 property02/09/1985
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (103 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2026-06-25
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2026-05-27
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-05-06
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2026-05-06
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2026-05-06
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2026-05-06
termination-director-company-with-name-termination-date
officers · TM01
2026-05-06
termination-director-company-with-name-termination-date
officers · TM01
2026-05-06
termination-secretary-company-with-name-termination-date
officers · TM02
2026-05-06
appoint-person-director-company-with-name-date
officers · AP01
2026-05-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-07-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-08-28
change-person-director-company-with-change-date
officers · CH01
2024-07-16
change-person-director-company-with-change-date
officers · CH01
2024-07-10