ALAN CROSS LIMITED
- 31090Manufacture of other furniture
Opportunity 69/100 (strong), bankability 60/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: share sale to pe / searcher (53/100).
Refinance opportunity
1 live charge · oldest 22.5y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 22.5 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (77/100)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 | 2024-08-31 | 2023-08-31 |
|---|---|---|
| Average employees | 100 | 100 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
2 signals 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
Corporate timeline (21 events)Click to expand
- 2025-08-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-05-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-05-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-05-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-10-20📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-08-24📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-08-10📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2020-08-07➖COLEMAN, Robin Charles resignedsecretary
- 2019-05-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-05-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-10-02📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2017-09-30📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2017-06-27📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2016-05-26📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2015-09-25📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2015-05-28📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2004-02-02🔒Charge registered #1Lender: Hsbc Bank PLC
- 2003-09-03➕COLEMAN, Robin Charles appointedsecretary
- 2003-09-03➖CROSS, Simon Lloyd resignedsecretary
- 2003-05-06➖CROSS, Alan Edward resigneddirector
- 1983-07-21🏢Company incorporatedAs ALAN CROSS 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.
- +Founder name in company name: Company name contains director surname "CROSS" — strong identity link between founder and business.
- +Senior director age: Director aged approximately 62 — approaching natural succession window.
Succession & seller-readiness
Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.
- secondaryFounder aged 58+: Senior director is approximately 62. Early succession window.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- secondaryStable-but-static management: Company is 43 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
1 high ·Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.
Evidence: Next due: 2026-05-31
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Simon Lloyd Cross Individual · British · DOB 02/1964 · age 62 | 75–100% | 75–100% | board controlsig. influence75-100% shares · 75-100% voting · board control · significant influence | 30/06/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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9 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 (1 active · 3 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | HSBC Hsbc Bank PLC | Debenture | 1 property | 02/02/2004 | — |