DURHAM FOOTWEAR DISTRIBUTORS LIMITED

🌳Matureactive
01221501 · ltd · incorporated 1975-08-01
Investment thesis
Well-run mature business — low negotiation leverage; premium likely.
Why interesting: Textbook target; clean filings, stable trading.
Why risky: No pressure on seller; any deal likely at full price.
Opportunity decay
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
  • · Thesis: well-run, low negotiation leverage
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Jan 2025
Net worth
£646.1k
book net assets
Opportunity
77/100
Strong
🔔
Follow this company (free)
Email alerts on filings, charges, director changes, gazette notices. No account needed.

Unsubscribe any time from any email. GDPR-respectful.

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch
What this business does
Primary activity: Wholesale of clothing and footwear
Sector: Wholesale & retail
ALSO REGISTERED FOR
  • 47721Retail sale of footwear in specialised stores
Investor take
Pursue
Asset-holding vehicle with a 71-year-old founder — textbook succession opportunity.

Opportunity 77/100 (strong), bankability 77/100. Strong seller-intent signal (78/100, director aged 71). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

3 live charges · 3 lenders · oldest 50.1y

35/100
too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

  • · Oldest live charge is 50.1 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (78/100)

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

Company profile
address, 2 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
5 officers (2 active, 5 linked, 4 with DOB)
86
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
101 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 · accounting standard not declared
Positive net assets
Net assets £646,099
Net assets shrinking
Down £149,050 YoY
Cash YoY
-5%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£662k
↓ 5.5% YoY
Net Worth
£646k
↓ 19% YoY
Current Assets
£707k
↓ 17% YoY
Current Liabilities
—
£0£170k£339k£509k£679k£848kJan 2024Jan 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-01-312024-01-31
Total assets£646.1k£795.1k
Current assets£706.7k£848.3k
Cash£662.1k£700.2k
Debtors£1.2k£3.2k
Net assets£646.1k£795.1k

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

🔒Filing-note intelligence

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

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
2
filings
  • • 1 confirmation-statement
  • • 1 officers
Counts from Companies House filing history.
Corporate timeline (27 events)Click to expand
  1. 2026-04-21
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  2. 2025-11-17
    ➖
    TREGONING, Kenneth resigned
    director
  3. 2025-08-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2024-10-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2024-10-21
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  6. 2024-10-21
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  7. 2024-10-18
    ➕
    TREGONING, Jeffrey appointed
    director
  8. 2024-10-18
    ➕
    TREGONING, Laura appointed
    director
  9. 2023-10-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2023-03-15
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  11. 2023-03-15
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  12. 2023-01-11
    ➖
    TREGONING, Jane Ellen resigned
    secretary
  13. 2023-01-11
    ➖
    TREGONING, Jane Ellen resigned
    director
  14. 2022-10-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2021-10-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2020-12-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2019-08-01
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  18. 2018-10-03
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  19. 2018-04-20
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  20. 2017-10-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  21. 2016-10-20
    🔓
    Charge satisfied #3
  22. 2016-10-20
    🔓
    Charge satisfied #1
  23. 2002-07-09
    🔓
    Charge satisfied #2
  24. 1991-11-27
    🔒
    Charge registered #3
    Lender: Barclays Bank PLC
  25. 1987-02-20
    🔒
    Charge registered #2
    Lender: Lombard North Central PLC
  26. 1976-07-06
    🔒
    Charge registered #1
    Lender: Barclays Bank LTD
  27. 1975-08-01
    🏢
    Company incorporated
    As DURHAM FOOTWEAR DISTRIBUTORS LIMITED

Owner dependency

81/100
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
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Founder age: Director aged approximately 71 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

66/100
Strong succession signal

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

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 71 years old. Natural succession window is now.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

Red flags

1 med ·
Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr Kenneth Tregoning
Individual · British · DOB 11/1935 · age 91
50–75%
50–75%50-75% shares · 50-75% voting06/04/2016

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

Similar companies

Active · Wholesale & distribution · DL postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
BRICKBYTE COMMERCE LTD→
16148726 · est 2024 · no financials extracted
————1y——
C & S SALON ESSENTIALS LIMITED→
08932505 · est 2014 · no financials extracted
————12y——
CENTRE STAGERS LIMITED→
16210037 · est 2025 · no financials extracted
————1y——
COLUMBUS CLEANING MACHINES (NORTH EAST) LIMITED→
05783907 · est 2006 · no financials extracted
————19y——
DEYVORA LIMITED→
17127267 · est 2026 · no financials extracted
———————
DMR PLANT LIMITED→
15344057 · est 2023 · no financials extracted
————2y——
DOLPHIN TOOLING LIMITED→
05911110 · est 2006 · no financials extracted
————19y——
DRAGONVILLE PROJECTS LIMITED→
12679468 · est 2020 · no financials extracted
————5y——
DREAM MENTS LIMITED→
16192735 · est 2025 · no financials extracted
————1y——
DRIPFORCE LIMITED→
16511607 · est 2025 · no financials extracted
———————
EAT TELFIT LTD→
14691843 · est 2023 · no financials extracted
————3y——
ECLIPSE DISTRIBUTION LIMITED→
15537320 · est 2024 · no financials extracted
————2y——
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
Incorporated1975-08-01
Jurisdictionengland-wales
Primary SIC46420 — Wholesale of clothing and footwear

Registered office

The Old Waterloo
High Street
Spennymoor County Durham
DL16 6DB

Filing status

Accounts
Next due: 2026-10-27
Last made up to: 2025-01-31
Confirmation statement
Next due: 2027-04-28
Last: 2026-04-14

Officers (2 active · 3 resigned)

TREGONING, Jeffrey→
director · ~56y · appointed 2024-10-18
View their other companies + combined net worth →
Active
TREGONING, Laura→
director · ~71y · appointed 2024-10-18
View their other companies + combined net worth →
Active
TREGONING, Jane Ellen→
secretary · resigned 2023-01-11
Resigned
TREGONING, Jane Ellen→
director · ~87y · resigned 2023-01-11
Resigned
TREGONING, Kenneth→
director · ~91y · resigned 2025-11-17
Resigned

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

Mortgages & charges

3
Total charges
0
Outstanding
0
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
satisfied
Barclays
Barclays Bank PLC
Legal charge1 property27/11/199120/10/2016
satisfied
Lombard North Central
Lombard North Central PLC
Legal charge1 property20/02/198709/07/2002
satisfied
Barclays
Barclays Bank LTD
Debenture1 property06/07/197620/10/2016

Recent filings (101 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-04-21
termination-director-company-with-name-termination-date
officers · TM01
2026-04-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-08-15
confirmation-statement-with-updates
confirmation-statement · CS01
2025-04-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-10-23
appoint-person-director-company-with-name-date
officers · AP01
2024-10-21
appoint-person-director-company-with-name-date
officers · AP01
2024-10-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-10-31
confirmation-statement-with-updates
confirmation-statement · CS01
2023-04-25
termination-director-company-with-name-termination-date
officers · TM01
2023-03-15
termination-secretary-company-with-name-termination-date
officers · TM02
2023-03-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-10-20
confirmation-statement-with-updates
confirmation-statement · CS01
2022-05-19