ADVARTEX LIMITED
- · Oldest live charge 40.1y old — refinance window within 12 months
Opportunity 78/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 1 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (73/100).
Refinance opportunity
5 live charges · 2 lenders · oldest 40.1y
Refinance viable after a tidy-up — address the highlighted items first.
- · Oldest live charge is 40.1 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Legal-friction score 25/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (57/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Recent activity
- • 1 accounts
- • 1 accounts
- • 1 accounts
- • 1 officers
- • 1 confirmation-statement
Corporate timeline (31 events)Click to expand
- 2026-05-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-12-19📄change-person-director-company-with-change-dateofficers · CH01
- 2025-06-23📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-05-16📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-10-04📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC05
- 2023-09-14📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2023-07-11📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-07-08📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-08-27📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2021-08-23🔒Charge registered #5Lender: National Westminster Bank PLC
- 2021-06-11📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-03-24📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-06-17📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2019-05-30➖WIXEY, Joan resignedsecretary
- 2019-02-06📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-03-16📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-11-08📄appoint-person-director-company-with-name-dateofficers · AP01
- 2017-11-01➕GOODSELL, Darren Edward George appointeddirector
- 2017-02-21📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2016-03-15➖HODGSON, Barbara resignedsecretary
- 2016-03-15➕WIXEY, Joan appointedsecretary
- 2010-10-27🔓Charge satisfied #3
- 2010-10-27🔓Charge satisfied #2
- 2010-10-27🔓Charge satisfied #1
- 2008-12-15🔒Charge registered #4Lender: National Westminster Bank PLC
- 2006-05-19➖HODGSON, Barbara resigneddirector
- 2006-05-19➖HODGSON, Neville Charles resigneddirector
- 1990-05-24🔒Charge registered #3Lender: National Westminster Bank PLC
- 1986-12-19🔒Charge registered #2Lender: Royal Bank of Canada.
- 1986-05-14🔒Charge registered #1Lender: National Westminster Bank PLC
- 1977-05-06🏢Company incorporatedAs ADVARTEX LIMITED
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Senior director age: Director aged approximately 63 — approaching natural succession window.
Succession & seller-readiness
Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.
- primaryFounder aged 63+: Senior director is approximately 63. Approaching typical UK retirement age — succession thinking likely.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- secondaryStable-but-static management: Company is 49 years old and no new directors in the last 3 years — succession not yet being planned internally.
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
Advartex Leisurewear 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 |
|---|---|---|---|---|
Advartex Leisurewear 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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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 · 4 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | National Westminster Bank National Westminster Bank PLC | A registered charge | — | 23/08/2021 | — | |
| outstanding | National Westminster Bank National Westminster Bank PLC | Legal charge | 1 property | 15/12/2008 | — | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Mortgage debenture | 1 property | 24/05/1990 | 27/10/2010 | |
| satisfied | Royal Bank of Canada. | Legal charge | 2 properties | 19/12/1986 | 27/10/2010 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Legal mortgage | 1 property | 14/05/1986 | 27/10/2010 |