CHESHIRE POLYTHENE FILM COMPANY LIMITED
Opportunity 46/100 (watch), bankability 42/100. High owner-dependency — earn-out structure likely required for clean transition. Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: distressed disposal / insolvency (65/100). Current lenders should be on monthly review.
Refinance opportunity
3 live charges · 3 lenders · oldest 41.8y
Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.
- · Oldest live charge is 41.8 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Legal-friction score 50/100 (high).
Data confidence
Overall: high (84/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
Not actionable now, but monitor — distressed, succession, or structural changes could flip this into a real opportunity.
Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-05-31 | 2024-05-31 |
|---|---|---|
| Total assets | — | £71.9k |
| Current assets | — | £447.7k |
| Cash | — | £35.6k |
| Debtors | — | £357.1k |
| Net assets | — | £63.1k |
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
- • 3 insolvency
- • 1 address
- • 1 resolution
- • 3 insolvency
- • 2 address
- • 1 resolution
- • 3 insolvency
- • 2 address
- • 2 officers
Corporate timeline (55 events)Click to expand
- 2026-05-27⚠️liquidation-disclaimer-noticeinsolvency · NDISC
- 2026-05-21📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2026-05-21⚠️liquidation-voluntary-appointment-of-liquidatorinsolvency · 600
- 2026-05-21⚠️liquidation-voluntary-statement-of-affairsinsolvency · LIQ02
- 2026-05-21📄resolutionresolution · RESOLUTIONS
- 2026-04-08📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2026-02-13📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2026-02-05📄termination-director-company-with-name-termination-dateofficers · TM01
- 2026-02-05📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2026-01-31➖PERCIVAL, John Martyn resignedsecretary
- 2026-01-31➖PERCIVAL, John Martyn resigneddirector
- 2025-02-28📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2024-02-26📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2023-02-21📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2022-06-20📄termination-director-company-with-name-termination-dateofficers · TM01
- 2022-06-20📄appoint-person-director-company-with-name-dateofficers · AP01
- 2022-06-15➕DINSDALE, James Sebastian appointeddirector
- 2022-06-15➖KING, Michael Frank resigneddirector
- 2022-01-17➕HOULSTON, Dale appointeddirector
- 2022-01-17➖PARSONS, Robert Huw resigneddirector
- 2022-01-17📄appoint-person-director-company-with-name-dateofficers · AP01
- 2022-01-17📄termination-director-company-with-name-termination-dateofficers · TM01
- 2022-01-12📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2021-12-17📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-09-21➖STRINGER, Simon Jeremy resigneddirector
- 2021-09-21📄termination-director-company-with-name-termination-dateofficers · TM01
- 2021-09-15📄appoint-person-director-company-with-name-dateofficers · AP01
- 2021-09-10📄termination-director-company-with-name-termination-dateofficers · TM01
- 2021-09-08➕PERCIVAL, John Martyn appointeddirector
- 2021-09-01➖BAYLISS, Stephen resigneddirector
- 2021-07-08➖MOORCROFT, Trevor resignedsecretary
- 2021-07-08➕PERCIVAL, John Martyn appointedsecretary
- 2021-07-08➕BAYLISS, Stephen appointeddirector
- 2021-07-08➖COWGILL, Peter Alan resigneddirector
- 2021-07-08➕KING, Michael Frank appointeddirector
- 2021-07-08➖MOORCROFT, Trevor resigneddirector
- 2021-07-08➕PARSONS, Robert Huw appointeddirector
- 2021-07-08➕STRINGER, Simon Jeremy appointeddirector
- 2021-03-31➖ACKROYD, Edward resigneddirector
- 2016-08-29➖WESTWELL, Adrian Angelo resigneddirector
- 2015-05-23🔓Charge satisfied #2
- 2015-05-13🔒Charge registered #3Lender: Positive Cashflow Finance Limited
- 2015-04-01➕WESTWELL, Adrian Angelo appointeddirector
- 1999-07-01➕ACKROYD, Edward appointeddirector
- 1999-03-19➖ACKROYD, Edward Peter resigneddirector
- 1993-08-31🔓Charge satisfied #1
- 1993-08-10➖KONDRYN, Wasyl resigneddirector
- 1993-08-10➖STEPHENSON, Herbert Victor resigneddirector
- 1993-07-13🔒Charge registered #2Lender: Barclays Bank PLC
- 1993-05-31➕COWGILL, Peter Alan appointeddirector
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 60 — 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 60. Early succession window.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- secondaryStable-but-static management: Company is 42 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
2 high · 2 med · 1 lowCompany is actively being wound up. Not a going concern.
Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2026-05-27: liquidation-disclaimer-notice; 2026-05-21: liquidation-voluntary-appointment-of-liquidator
Multiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.
Evidence: PERCIVAL, John Martyn resigned 2026-01-31; PERCIVAL, John Martyn resigned 2026-01-31
Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Multiple address changes in a short period can indicate operational instability or admin disorder.
Group structure
Cpfc Packaging 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 |
|---|---|---|---|---|
Cpfc Packaging Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 08/07/2021 |
2 historic (ceased) PSCs
- Mr Peter Alan Cowgillceased 08/07/2021· 25-50% shares · 25-50% voting
- Mr Trevor Moorcroftceased 08/07/2021· 25-50% shares · 25-50% voting
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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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 (2 active · 15 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Positive Cashflow Finance Positive Cashflow Finance Limited | A registered charge | 2 properties | 13/05/2015 | — | |
| satisfied | Barclays Barclays Bank PLC | Debenture | 1 property | 13/07/1993 | 23/05/2015 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Mortgage debenture | 1 property | 25/07/1984 | 31/08/1993 |