INTER-LINE BUILDING SUPPLIES LIMITED

🌳Matureactive
01241530 · ltd · incorporated 1976-01-23
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
not disclosed
Net worth
book net assets
Opportunity
80/100
Exceptional
🔔
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What this business does
Primary activity: SIC 46130
Sector: Wholesale & retail
Investor take
Pursue
Active trading company with a 88-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 67/100. Strong seller-intent signal (73/100, director aged 88). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 7 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (45/100).

🏦

Refinance opportunity

17 live charges · 7 lenders · oldest 39.3y

25/100
too messy

Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.

  • · Oldest live charge is 39.3 years old — likely at or near maturity.
  • · 7 lenders named — inter-creditor friction likely.
  • · Legal-friction score 50/100 (high).

Data confidence

Overall: medium (58/100)

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

Company profile
address, 1 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
17 charges (17/17 with lender, 17/17 with type)
90
Directors & officers
9 officers (6 active, 9 linked, 7 with DOB)
86
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
4 connected companies via shared directors
57
Filing history
161 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
80/100Exceptional
PassWatchWorth a lookStrongExceptional 

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
85
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
2
filings
  • 1 mortgage
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (62 events)Click to expand
  1. 2026-03-03
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  2. 2026-03-03
    🔓
    Charge satisfied #15
  3. 2025-09-18
    📄
    accounts-with-accounts-type-full
    accounts · AA
  4. 2025-08-26
    📄
    change-person-director-company-with-change-date
    officers · CH01
  5. 2024-09-16
    📄
    accounts-with-accounts-type-full
    accounts · AA
  6. 2023-09-29
    📄
    accounts-with-accounts-type-full
    accounts · AA
  7. 2022-10-26
    📄
    memorandum-articles
    incorporation · MA
  8. 2022-10-26
    📄
    resolution
    resolution · RESOLUTIONS
  9. 2022-10-26
    📄
    resolution
    resolution · RESOLUTIONS
  10. 2022-10-05
    📄
    accounts-with-accounts-type-full
    accounts · AA
  11. 2021-09-07
    📄
    accounts-with-accounts-type-full
    accounts · AA
  12. 2021-06-26
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  13. 2021-06-26
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  14. 2021-06-26
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  15. 2021-06-26
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  16. 2021-06-26
    🔓
    Charge satisfied #17
  17. 2021-06-26
    🔓
    Charge satisfied #16
  18. 2021-06-26
    🔓
    Charge satisfied #14
  19. 2021-06-26
    🔓
    Charge satisfied #13
  20. 2021-03-22
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  21. 2021-03-12
    MOREING, Beryl Elizabeth resigned
    director
  22. 2021-01-22
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  23. 2021-01-22
    📄
    appoint-person-secretary-company-with-name-date
    officers · AP03
  24. 2021-01-21
    BULLOCK, Deborah Ruth appointed
    secretary
  25. 2021-01-21
    MOREING, Beryl Elizabeth resigned
    secretary
  26. 2020-12-30
    📄
    accounts-with-accounts-type-full
    accounts · AA
  27. 2018-03-26
    🔒
    Charge registered #17
    Lender: National Westminster Bank PLC
  28. 2015-08-25
    BULLOCK, Deborah Ruth appointed
    director
  29. 2010-11-26
    MOREING, Andrew Gene appointed
    director
  30. 2010-11-26
    MOREING, Darren James appointed
    director
  31. 2010-11-26
    ROBINSON, Neil Colin appointed
    director
  32. 2010-10-19
    🔒
    Charge registered #16
    Lender: National Westminster Bank PLC
  33. 2009-01-07
    🔒
    Charge registered #15
    Lender: National Westminster Bank PLC
  34. 2006-09-02
    🔓
    Charge satisfied #11
  35. 2006-09-02
    🔓
    Charge satisfied #10
  36. 2006-09-02
    🔓
    Charge satisfied #9
  37. 2006-02-01
    🔒
    Charge registered #14
    Lender: National Westminster Bank PLC
  38. 2006-02-01
    🔒
    Charge registered #13
    Lender: National Westminster Bank PLC
  39. 2006-02-01
    🔒
    Charge registered #12
    Lender: National Westminster Bank PLC
  40. 2006-01-19
    🔓
    Charge satisfied #8
  41. 2000-08-03
    🔓
    Charge satisfied #7
  42. 2000-08-03
    🔓
    Charge satisfied #6
  43. 2000-08-03
    🔓
    Charge satisfied #4
  44. 2000-08-03
    🔓
    Charge satisfied #3
  45. 2000-08-03
    🔓
    Charge satisfied #2
  46. 2000-08-03
    🔓
    Charge satisfied #1
  47. 2000-05-08
    🔒
    Charge registered #11
    Lender: Lloyds Tsb Bank PLC
  48. 2000-04-28
    🔒
    Charge registered #10
    Lender: Lloyds Tsb Bank PLC
  49. 2000-04-18
    🔒
    Charge registered #9
    Lender: Lloyds Tsb Bank PLC
  50. 1998-12-01
    MOREING, Beryl Elizabeth appointed
    director
Showing most recent 50 of 62 events

Owner dependency

73/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • -5 active directors: Broader management team in place — suggests transferable governance.
  • +Long-tenure founder: Senior director has been in place 50 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 88 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

90/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 88 years old. Natural succession window is now.
  • primary20+ year tenure: Director in role 50 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 51 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 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.

Group structure

Inter-Line (South West) Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Inter-Line (South West) Limited
Corporate parent · holds 75-100% shares
ultimate parent
INTER-LINE BUILDING SUPPLIES LIMITED
This company · 01241530

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%
NameSharesVoting rightsNature of controlNotified
Inter-Line (South West) Limited
Corporate entity
75100%
75–100%75-100% shares · 75-100% voting01/10/2019
2 historic (ceased) PSCs
  • Mrs Beryl Elizabeth Moreingceased 01/10/2019· 25-50% shares · 25-50% voting
  • Mr Stanley Ralph Moreingceased 01/10/2019· 25-50% shares · 25-50% voting

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

🔒Co-director network graph

Radial SVG graph showing every company connected via shared directors, colour-coded by status.

Available from the Pro tier upwards.

See pricing →

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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
Incorporated1976-01-23
Jurisdictionengland-wales
Primary SIC46130 — SIC 46130

Registered office

Unit 3, Woodland Close
Old Woods Trading Estate
Torquay
Devon
TQ2 7BD

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-02-14
Last: 2026-01-31

Officers (6 active · 3 resigned)

BULLOCK, Deborah Ruth
secretary · appointed 2021-01-21
View their other companies + combined net worth →
Active
BULLOCK, Deborah Ruth
director · ~59y · appointed 2015-08-25
View their other companies + combined net worth →
Active
MOREING, Andrew Gene
director · ~55y · appointed 2010-11-26
View their other companies + combined net worth →
Active
MOREING, Darren James
director · ~57y · appointed 2010-11-26
View their other companies + combined net worth →
Active
MOREING, Stanley Ralph
director · ~88y · appointed 1976-02-04
View their other companies + combined net worth →
Active
ROBINSON, Neil Colin
director · ~61y · appointed 2010-11-26
View their other companies + combined net worth →
Active
MOREING, Beryl Elizabeth
secretary · resigned 2021-01-21
Resigned
HEBBLETHWAITE, David
director · ~76y · resigned 1994-10-31
Resigned
MOREING, Beryl Elizabeth
director · ~85y · appointed 1998-12-01 · resigned 2021-03-12
Resigned

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

Mortgages & charges

17
Total charges
1
Outstanding
1
Active lenders
Status:Lender:17 of 17 shown
TypeProperties
satisfied
National Westminster Bank
National Westminster Bank PLC
A registered charge1 property26/03/201826/06/2021
satisfied
National Westminster Bank
National Westminster Bank PLC
Legal charge1 property19/10/201026/06/2021
satisfied
National Westminster Bank
National Westminster Bank PLC
Legal charge1 property07/01/200903/03/2026
satisfied
National Westminster Bank
National Westminster Bank PLC
Legal charge1 property01/02/200626/06/2021
satisfied
National Westminster Bank
National Westminster Bank PLC
Legal charge1 property01/02/200626/06/2021
outstanding
National Westminster Bank
National Westminster Bank PLC
Debenture1 property01/02/2006
satisfied
Lloyds Banking Group
Lloyds Tsb Bank PLC
Mortgage1 property08/05/200002/09/2006
satisfied
Lloyds Banking Group
Lloyds Tsb Bank PLC
Debenture1 property28/04/200002/09/2006
satisfied
Lloyds Banking Group
Lloyds Tsb Bank PLC
Mortgage deed1 property18/04/200002/09/2006
satisfied
Griffin Credit Services
Griffin Credit Services Limited
Fixed charge on purchased debts which fail to vest1 property14/10/199819/01/2006
satisfied
Forward Trust
Forward Trust Limited
Chattels mortgage2 properties11/06/199603/08/2000
satisfied
Alex.Lawrie Receivables Financing
Alex.Lawrie Receivables Financing Limited
Charge1 property19/01/199603/08/2000
satisfied
Lloyds Banking Group
Tsb Commercial Finance Limited
Debenture1 property20/04/199424/03/1998
satisfied
Midland Bank
Midland Bank PLC
Charge2 properties22/12/199203/08/2000
satisfied
Midland Bank
Midland Bank PLC
Legal charge1 property19/08/199103/08/2000
satisfied
Midland Bank
Midland Bank PLC
Legal charge1 property20/04/199003/08/2000
satisfied
Midland Bank
Midland Bank PLC
Fixed and floating charge1 property25/03/198703/08/2000
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (161 total)

mortgage-satisfy-charge-full
mortgage · MR04
2026-03-03
confirmation-statement-with-updates
confirmation-statement · CS01
2026-02-10
accounts-with-accounts-type-full
accounts · AA
2025-09-18
change-person-director-company-with-change-date
officers · CH01
2025-08-26
confirmation-statement-with-updates
confirmation-statement · CS01
2025-02-13
accounts-with-accounts-type-full
accounts · AA
2024-09-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-07
accounts-with-accounts-type-full
accounts · AA
2023-09-29
confirmation-statement-with-updates
confirmation-statement · CS01
2023-02-14
memorandum-articles
incorporation · MA
2022-10-26
resolution
resolution · RESOLUTIONS
2022-10-26
resolution
resolution · RESOLUTIONS
2022-10-26
accounts-with-accounts-type-full
accounts · AA
2022-10-05
confirmation-statement-with-updates
confirmation-statement · CS01
2022-02-07
accounts-with-accounts-type-full
accounts · AA
2021-09-07