ARMFIELD LIMITED

🌳Matureactive
01962034 · ltd · incorporated 1985-11-20
Investment thesis
Well-run mature business — low negotiation leverage; premium likely.
Why interesting: Textbook target; clean filings, stable trading.
Why risky: No pressure on seller; any deal likely at full price.
Opportunity decay
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
  • · Thesis: well-run, low negotiation leverage
🔒Estimated value
Upgrade to see
Turnover
not disclosed
Net worth
book net assets
Opportunity
74/100
Strong
🔔
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What this business does
Primary activity: Other engineering activities
Sector: Professional, scientific & technical
Investor take
Pursue
Active trading company with a 68-year-old founder — textbook succession opportunity.

Opportunity 74/100 (strong), bankability 67/100. Strong seller-intent signal (73/100, director aged 68). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 5 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 · 5 lenders · oldest 36.7y

35/100
too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

  • · Oldest live charge is 36.7 years old — likely at or near maturity.
  • · 5 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.

Company profile
address, 1 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
8 charges (8/8 with lender, 8/8 with type)
90
Directors & officers
27 officers (7 active, 27 linked, 23 with DOB)
87
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
12 connected companies via shared directors
81
Filing history
188 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
74/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
69
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.

Recent activity

Last 30 days
0
filings
Last 90 days
1
filing
  • 1 officers
Last 180 days
3
filings
  • 3 officers
Counts from Companies House filing history.
Corporate timeline (79 events)Click to expand
  1. 2026-03-24
    📄
    change-person-director-company-with-change-date
    officers · CH01
  2. 2026-02-18
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  3. 2026-02-16
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  4. 2026-02-08
    PRESTIDGE, Tim, Dr appointed
    director
  5. 2026-02-08
    CICUREL, David Elie resigned
    director
  6. 2025-10-22
    📄
    accounts-with-accounts-type-full
    accounts · AA
  7. 2025-10-09
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  8. 2025-10-08
    BARNES, Nigel Thomas Charles resigned
    director
  9. 2025-10-01
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  10. 2025-09-24
    STURGESS, Catherine Elizabeth appointed
    director
  11. 2025-06-19
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  12. 2025-06-06
    SEBBORN, Paul resigned
    director
  13. 2024-09-30
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  14. 2024-09-18
    📄
    accounts-with-accounts-type-full
    accounts · AA
  15. 2024-09-16
    SEBBORN, Paul appointed
    director
  16. 2023-09-21
    📄
    accounts-with-accounts-type-full
    accounts · AA
  17. 2023-08-09
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  18. 2023-07-31
    GREGORY, Sean, Dr resigned
    director
  19. 2023-04-18
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  20. 2023-04-17
    MACPHERSON, Andrew Scott appointed
    director
  21. 2022-09-26
    📄
    accounts-with-accounts-type-full
    accounts · AA
  22. 2022-06-01
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  23. 2022-06-01
    🔓
    Charge satisfied #7
  24. 2022-05-04
    📄
    statement-of-companys-objects
    change-of-constitution · CC04
  25. 2022-05-04
    📄
    resolution
    resolution · RESOLUTIONS
  26. 2022-05-03
    📄
    memorandum-articles
    incorporation · MA
  27. 2021-09-25
    📄
    accounts-with-accounts-type-full
    accounts · AA
  28. 2020-09-30
    📄
    accounts-with-accounts-type-full
    accounts · AA
  29. 2020-09-23
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  30. 2020-09-21
    BARNES, Nigel Thomas Charles appointed
    director
  31. 2020-08-01
    GREGORY, Sean, Dr appointed
    director
  32. 2020-07-31
    WHITEHOUSE, Daniel Oliver resigned
    director
  33. 2020-01-13
    🔓
    Charge satisfied #6
  34. 2020-01-13
    🔓
    Charge satisfied #5
  35. 2020-01-01
    GREGORY, Sean, Dr resigned
    director
  36. 2019-12-04
    🔒
    Charge registered #8
    Lender: Judges Scientific PLC
  37. 2018-10-01
    REECE, Glynn Carl appointed
    secretary
  38. 2018-10-01
    TALBOT, Christopher resigned
    secretary
  39. 2018-05-24
    GALLAGHER, Patrick William resigned
    director
  40. 2018-03-31
    ADDIS, Christopher James resigned
    director
  41. 2017-12-31
    BARNBROOK, David resigned
    director
  42. 2017-11-15
    LAVELLE, Mark Stephen appointed
    director
  43. 2016-12-01
    GALLAGHER, Patrick William appointed
    director
  44. 2016-07-23
    FARROW, Simon Frederick resigned
    director
  45. 2015-12-31
    DILEO, Michael John resigned
    director
  46. 2015-09-18
    MORTON, Thomas Oliver resigned
    director
  47. 2015-04-30
    ORMSBY, Bradley Leonard appointed
    director
  48. 2015-04-30
    COHEN, Ralph Leslie resigned
    secretary
  49. 2015-04-30
    TALBOT, Christopher appointed
    secretary
  50. 2015-04-30
    COHEN, Ralph Leslie resigned
    director
Showing most recent 50 of 79 events

Owner dependency

55/100
Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS
  • -6 active directors: Broader management team in place — suggests transferable governance.
  • +Founder age: Director aged approximately 68 — succession pressure is live.

Succession & seller-readiness

63/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 68. Approaching typical UK retirement age — succession thinking likely.
  • secondary12+ year tenure: Director in role 12 years.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

2 med ·
2 director resignations in last 12 months
medium

Multiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.

Evidence: BARNES, Nigel Thomas Charles resigned 2025-10-08; CICUREL, David Elie resigned 2026-02-08

Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Group structure

Judges Scientific Plc is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Judges Scientific Plc
Corporate parent · holds 75-100% shares
ultimate parent
ARMFIELD LIMITED
This company · 01962034

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%
NameSharesVoting rightsNature of controlNotified
Judges Scientific Plc
Corporate entity
75100%
75-100% shares08/09/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

🔒Co-director network graph

Radial SVG graph showing every company connected via shared directors, colour-coded by status.

Available from the Pro tier upwards.

See pricing →

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

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 →
🔒Advanced scoring suite

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

Statusactive
Typeltd
Incorporated1985-11-20
Jurisdictionengland-wales
Primary SIC71129 — Other engineering activities

Registered office

52c Borough High Street
London
SE1 1XN
England

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-09-22
Last: 2025-09-08

Officers (7 active · 20 resigned)

REECE, Glynn Carl
secretary · appointed 2018-10-01
View their other companies + combined net worth →
Active
KAY, Andrew John
director · ~58y · appointed 2014-01-01
View their other companies + combined net worth →
Active
LAVELLE, Mark Stephen
director · ~68y · appointed 2017-11-15
View their other companies + combined net worth →
Active
MACPHERSON, Andrew Scott
director · ~53y · appointed 2023-04-17
View their other companies + combined net worth →
Active
ORMSBY, Bradley Leonard
director · ~50y · appointed 2015-04-30
View their other companies + combined net worth →
Active
PRESTIDGE, Tim, Dr
director · ~55y · appointed 2026-02-08
View their other companies + combined net worth →
Active
STURGESS, Catherine Elizabeth
director · ~49y · appointed 2025-09-24
View their other companies + combined net worth →
Active
COHEN, Ralph Leslie
secretary · appointed 2015-01-22 · resigned 2015-04-30
Resigned
FARROW, Simon Frederick
secretary · resigned 2015-01-22
Resigned
TALBOT, Christopher
secretary · appointed 2015-04-30 · resigned 2018-10-01
Resigned
ADDIS, Christopher James
director · ~80y · resigned 2018-03-31
Resigned
BARNBROOK, David
director · ~74y · appointed 2015-01-22 · resigned 2017-12-31
Resigned
BARNES, Nigel Thomas Charles
director · ~60y · appointed 2020-09-21 · resigned 2025-10-08
Resigned
CICUREL, David Elie
director · ~77y · appointed 2015-01-22 · resigned 2026-02-08
Resigned
COHEN, Ralph Leslie
director · ~78y · appointed 2015-01-22 · resigned 2015-04-30
Resigned
DILEO, Michael John
director · ~67y · appointed 2014-01-01 · resigned 2015-12-31
Resigned
FARROW, Simon Frederick
director · ~73y · resigned 2016-07-23
Resigned
GALLAGHER, Patrick William
director · ~59y · appointed 2016-12-01 · resigned 2018-05-24
Resigned
GREGORY, Sean, Dr
director · ~54y · appointed 2020-08-01 · resigned 2023-07-31
Resigned
GREGORY, Sean, Dr
director · ~54y · appointed 2015-01-22 · resigned 2020-01-01
Resigned

Click a director name to see their full track record across all companies.

Mortgages & charges

8
Total charges
1
Outstanding
1
Active lenders
Status:Lender:8 of 8 shown
TypeProperties
outstanding
Judges Scientific
Judges Scientific PLC
A registered charge04/12/2019
satisfied
Lloyds Banking Group
Bank of Scotland PLC
A registered charge22/01/201501/06/2022
satisfied
Barclays
Barclays Bank PLC
A registered charge24/02/201413/01/2020
satisfied
Barclays
Barclays Bank PLC
A registered charge1 property24/02/201413/01/2020
satisfied
National Westminster Bank
National Westminster Bank PLC
Charge of deposit1 property01/04/201014/01/2015
satisfied
Simon Frederick Farrow and Christopher James Addis
Deed of rent deposit1 property31/10/200315/01/2015
satisfied
National Westminster Bank
National Westminster Bank PLC
Debenture1 property25/09/200214/01/2015
satisfied
Barclays
Barclays Bank PLC
Guarantee & debenture1 property15/09/198925/03/2003
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (188 total)

change-person-director-company-with-change-date
officers · CH01
2026-03-24
appoint-person-director-company-with-name-date
officers · AP01
2026-02-18
termination-director-company-with-name-termination-date
officers · TM01
2026-02-16
accounts-with-accounts-type-full
accounts · AA
2025-10-22
termination-director-company-with-name-termination-date
officers · TM01
2025-10-09
appoint-person-director-company-with-name-date
officers · AP01
2025-10-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-22
termination-director-company-with-name-termination-date
officers · TM01
2025-06-19
appoint-person-director-company-with-name-date
officers · AP01
2024-09-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-09-23
accounts-with-accounts-type-full
accounts · AA
2024-09-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-09-26
accounts-with-accounts-type-full
accounts · AA
2023-09-21
termination-director-company-with-name-termination-date
officers · TM01
2023-08-09
appoint-person-director-company-with-name-date
officers · AP01
2023-04-18