COBRA SEATS LIMITED
Opportunity 79/100 (strong), bankability 67/100. Strong seller-intent signal (80/100, director aged 59). 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 (73/100).
Refinance opportunity
7 live charges · 7 lenders · oldest 44.2y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 44.2 years old — likely at or near maturity.
- · 7 lenders named — inter-creditor friction likely.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (79/100)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.
Key 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 | 2025-05-31 | 2024-05-31 |
|---|---|---|
| Average employees | 4400 | 4400 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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
- • 1 accounts
Corporate timeline (36 events)Click to expand
- 2026-02-20📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-02-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-02-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-11-08📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-11-08🔒Charge registered #7Lender: Rbs Invoice Finance LTD
- 2023-02-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-02-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-05-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-11-27📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2020-02-17📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-02-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-02-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-01-04📄mortgage-satisfy-charge-fullmortgage · MR04
- 2018-01-04🔓Charge satisfied #6
- 2017-06-28📄change-person-director-company-with-change-dateofficers · CH01
- 2017-06-27📄change-person-secretary-company-with-change-dateofficers · CH03
- 2017-02-21📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2009-05-29➕DUNSFORD, Abegail Louise appointedsecretary
- 2009-05-29➖SALOMONSON, Edda resignedsecretary
- 2006-03-11🔓Charge satisfied #5
- 2006-03-11🔓Charge satisfied #3
- 2001-02-23➕DUNSFORD, Mark Jonathan appointeddirector
- 2001-02-23➖DUNSFORD, Angela Joy resignedsecretary
- 2001-02-23➕SALOMONSON, Edda appointedsecretary
- 2001-02-23➖DUNSFORD, Angela Joy resigneddirector
- 2001-02-23➖DUNSFORD, Geoffrey Martin resigneddirector
- 1999-06-07🔒Charge registered #6Lender: Girobank PLC
- 1999-02-24🔓Charge satisfied #4
- 1998-04-14🔒Charge registered #5Lender: National Westminster Bank PLC
- 1992-05-22🔓Charge satisfied #2
- 1992-02-21🔒Charge registered #4Lender: The Royal Bank of Scotland PLC
- 1989-08-08🔒Charge registered #3Lender: Alliance and Leicester Building Society
- 1987-07-28🔓Charge satisfied #1
- 1987-02-09🔒Charge registered #2Lender: Midland Bank PLC
- 1982-04-30🔒Charge registered #1Lender: Hill Samuel & Co Limited
- 1978-05-24🏢Company incorporatedAs COBRA SEATS LIMITED
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Sole director: Only one active director — all governance concentrated on one person.
- +Long-tenure founder: Senior director has been in place 25 years — deep operational knowledge concentrated in one person.
- +Senior director age: Director aged approximately 59 — approaching natural succession window.
Succession & seller-readiness
Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
- secondaryFounder aged 58+: Senior director is approximately 59. Early succession window.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- primary20+ year tenure: Director in role 25 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 48 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 ·Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
Cobra Seats Holding 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 |
|---|---|---|---|---|
Cobra Seats Holding Limited Corporate entity | 75–100% | 75–100% | 75-100% shares · 75-100% voting | 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.
See pricing →Similar companies
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| BLOOMBELLE LIMITED→ 08343585 · est 2012 · no financials extracted | — | — | — | — | 13y | — | — |
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| COMPONENT DEVELOPMENTS LIMITED→ 04080841 · est 2000 · no financials extracted | — | — | — | — | 25y | — | — |
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 →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 | NatWest Group Rbs Invoice Finance LTD | A registered charge | — | 08/11/2023 | — | |
| satisfied | Girobank Girobank PLC | Legal charge | 1 property | 07/06/1999 | 04/01/2018 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Mortgage debenture | 1 property | 14/04/1998 | 11/03/2006 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Debenture | 1 property | 21/02/1992 | 24/02/1999 | |
| satisfied | Alliance and Leicester Building Society | Legal charge | 1 property | 08/08/1989 | 11/03/2006 | |
| satisfied | Midland Bank Midland Bank PLC | Fixed and floating charge | 1 property | 09/02/1987 | 22/05/1992 | |
| satisfied | Hill Samuel & Co Hill Samuel & Co Limited | Debenture | 1 property | 30/04/1982 | 28/07/1987 |