CISTERMISER LIMITED
Opportunity 75/100 (strong), bankability 77/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 8 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).
Refinance opportunity
8 live charges · 8 lenders · oldest 41.6y
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 41.6 years old — likely at or near maturity.
- · 8 lenders named — inter-creditor friction likely.
- · Legal-friction score 38/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (60/100)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
Corporate timeline (66 events)Click to expand
- 2025-12-03📄memorandum-articlesincorporation · MA
- 2025-12-03📄resolutionresolution · RESOLUTIONS
- 2025-12-02📄statement-of-companys-objectschange-of-constitution · CC04
- 2025-11-24📄replacement-filing-of-director-appointment-with-nameofficers · RP01AP01
- 2025-10-20📄change-account-reference-date-company-current-shortenedaccounts · AA01
- 2025-10-08📄accounts-with-accounts-type-smallaccounts · AA
- 2025-10-01📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-10-01📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-10-01📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-10-01📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-10-01📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-10-01📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-10-01📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2025-10-01📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2025-09-26➕VERSLUYS, Emma Gayle appointedsecretary
- 2025-09-26➕PULLEN, Timothy Neil appointeddirector
- 2025-09-26➕VORIH, Joseph Michael appointeddirector
- 2025-09-26➖BRAID, Richard Edward resigneddirector
- 2025-09-26➖GESTETNER, Geoffrey Sigmund resigneddirector
- 2025-09-26➖JONES, Esther Amelia resigneddirector
- 2025-09-26➖TOWNSEND, Giles Channer resigneddirector
- 2025-01-21📄accounts-with-accounts-type-smallaccounts · AA
- 2024-04-02📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-03-31➖MEACOCK, David Graham resigneddirector
- 2023-11-03📄accounts-with-accounts-type-smallaccounts · AA
- 2023-09-25📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-09-25🔓Charge satisfied #8
- 2023-01-25📄accounts-with-accounts-type-smallaccounts · AA
- 2021-10-26📄accounts-with-accounts-type-smallaccounts · AA
- 2020-04-30➖JOHNSON, Stuart Gordon Lea resignedsecretary
- 2020-04-30➖JOHNSON, Stuart Gordon Lea resigneddirector
- 2020-04-01➕BRAID, Richard Edward appointeddirector
- 2020-02-29➖JONES, David Thomas resigneddirector
- 2020-01-20➕JONES, Esther Amelia appointeddirector
- 2018-09-03➖DZIOBA, Melitta Jasmine resigneddirector
- 2018-09-03➕TOWNSEND, Giles Channer appointeddirector
- 2016-10-28🔓Charge satisfied #7
- 2016-10-28🔓Charge satisfied #6
- 2015-05-01➕DZIOBA, Melitta Jasmine appointeddirector
- 2015-02-23➕JONES, David Thomas appointeddirector
- 2015-01-21➖BURNS, Kevin Paul resigneddirector
- 2013-02-04➕BURNS, Kevin Paul appointeddirector
- 2013-02-04➕MEACOCK, David Graham appointeddirector
- 2012-02-10➕JOHNSON, Stuart Gordon Lea appointeddirector
- 2010-12-09🔒Charge registered #8Lender: Santander UK PLC as Security Trustee ("Security Holder") for Each Group Member
- 2010-09-29🔓Charge satisfied #5
- 2010-09-29🔓Charge satisfied #4
- 2010-02-01🔒Charge registered #7Lender: Alliance & Leicester PLC T/a Santander Corporate Banking
- 2010-02-01🔒Charge registered #6Lender: Liquidity Limited (The "Security Holder")
- 2007-09-07🔒Charge registered #5Lender: Kaupthing Singer & Friedlander 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 59 — approaching natural succession window.
Succession & seller-readiness
Some succession indicators present. Worth watching; approach if sector/strategy fits.
- secondaryFounder aged 58+: Senior director is approximately 59. Early succession window.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
Red flags
2 med ·Multiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.
Evidence: BRAID, Richard Edward resigned 2025-09-26; GESTETNER, Geoffrey Sigmund resigned 2025-09-26; JONES, Esther Amelia resigned 2025-09-26
Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
Davidson Holdings 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 |
|---|---|---|---|---|
Davidson Holdings Limited Corporate entity | 75–100% | — | 75-100% shares | 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 (3 active · 15 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Santander Santander UK PLC as Security Trustee ("Security Holder") for Each Group Member | Debenture | 1 property | 09/12/2010 | 25/09/2023 | |
| satisfied | Santander Alliance & Leicester PLC T/a Santander Corporate Banking | Debenture | 1 property | 01/02/2010 | 28/10/2016 | |
| satisfied | Liquidity (The "Security Holder") Liquidity Limited (The "Security Holder") | Debenture | 1 property | 01/02/2010 | 28/10/2016 | |
| satisfied | Kaupthing Singer & Friedlander Kaupthing Singer & Friedlander Limited | All monies legal charge | 1 property | 07/09/2007 | 29/09/2010 | |
| satisfied | Singer & Friedlander Singer & Friedlander Limited | Debenture | 1 property | 28/07/2006 | 29/09/2010 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Debenture | 1 property | 29/01/2004 | 28/06/2007 | |
| satisfied | Close Brothers Close Brothers Limited | Credit agreement | 1 property | 09/07/1993 | 28/06/2007 | |
| satisfied | Lloyds Banking Group Lloyds Bank PLC | Single debenture | 1 property | 26/11/1984 | 08/10/2003 |