ARMOURCOAT LIMITED

🌳Matureactive

01997888 · ltd · incorporated 1986-03-10

Investment thesis

Established operating company — standard diligence applies, no dominant angle.

Why interesting: Live, filing, normal profile.

Why risky: No standout signals in either direction.

Opportunity decay

approaching window · 12-months

Approaching a transaction window — refinance or sale event plausible in the next 12 months.

· Oldest live charge 24.1y old — refinance window within 12 months

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Sept 2025

Net worth

£2.98M

book net assets

Opportunity

79/100

Strong

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What this business does

Primary activity: SIC 23620

Sector: Manufacturing

Investor take

Pursue

Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 79/100 (strong), bankability 75/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 1 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 24.1y

50/100

clean up first

Refinance viable after a tidy-up — address the highlighted items first.

· Oldest live charge is 24.1 years old — likely at or near maturity.
· Two lenders — manageable, but coordination required.
· Legal-friction score 30/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (73/100)

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

1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed

Lenders & charges

2 charges (2/2 with lender, 2/2 with type)

Directors & officers

15 officers (5 active, 15 linked, 12 with DOB)

Ownership & PSC

1 active PSC(s) of 3 total, 3 with control declared

Director network

3 connected companies via shared directors

Filing history

139 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

79/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102

Positive net assets

Net assets £2,982,400

Key financials

1 year extracted from filed iXBRL accounts

Cash

£446k

Net Worth

£3.0m

Current Assets

£3.4m

Current Liabilities

—

Financials

Extracted from Companies House accounts · FRS 102

Metric	2025-09-30
Total assets	£3.05M
Current assets	£3.42M
Cash	£445.8k
Debtors	£2.17M
Net assets	£2.98M

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

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

Last 30 days

filing

• 1 confirmation-statement

Last 90 days

filings

• 1 confirmation-statement
• 1 accounts

Last 180 days

filings

• 1 confirmation-statement
• 1 accounts

Counts from Companies House filing history.

Corporate timeline (43 events)Click to expand

2026-04-08
📄
accounts-with-accounts-type-small
accounts · AA
2025-08-06
📄
termination-secretary-company-with-name-termination-date
officers · TM02
2025-08-06
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-08-01
➖
WHITEHEAD, Guy resigned
secretary
2025-08-01
➖
WHITEHEAD, Guy resigned
director
2025-05-06
📄
change-person-director-company-with-change-date
officers · CH01
2025-05-06
📄
change-person-secretary-company-with-change-date
officers · CH03
2025-05-06
📄
change-person-director-company-with-change-date
officers · CH01
2025-05-06
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-05-06
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-05-06
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-05-01
➕
DRAKE, Spencer appointed
director
2025-05-01
➕
MASONBURY, Ian appointed
director
2025-05-01
➕
SAWYER, Grant Vincent appointed
director
2025-03-21
📄
accounts-with-accounts-type-small
accounts · AA
2025-01-17
📄
resolution
resolution · RESOLUTIONS
2025-01-17
📄
memorandum-articles
incorporation · MA
2024-06-18
📄
accounts-with-accounts-type-small
accounts · AA
2023-07-11
📄
accounts-with-accounts-type-small
accounts · AA
2022-09-01
📄
termination-director-company-with-name-termination-date
officers · TM01
2022-07-29
➖
TWEEDY, Shawn Adrian resigned
director
2022-05-24
📄
accounts-with-accounts-type-small
accounts · AA
2021-09-22
📄
termination-director-company-with-name-termination-date
officers · TM01
2021-08-20
➖
NEVITT, Daniel Peter resigned
director
2021-06-21
📄
accounts-with-accounts-type-small
accounts · AA
2021-05-14
📄
termination-director-company-with-name-termination-date
officers · TM01
2020-12-19
➖
MACKELLAR, James Meikle Mann resigned
director
2018-06-29
🔒
Charge registered #2
Lender: Hsbc Bank PLC
2008-01-01
➕
O'BRIEN, Vincent Paul appointed
director
2008-01-01
➕
NEVITT, Daniel Peter appointed
director
2008-01-01
➕
TWEEDY, Shawn Adrian appointed
director
2007-05-01
➖
MORAN, Steven James resigned
secretary
2007-05-01
➕
WHITEHEAD, Guy appointed
secretary
2003-12-19
➖
MORAN, Steven James resigned
director
2002-05-01
🔒
Charge registered #1
Lender: National Westminster Bank PLC
2002-03-01
➕
MORAN, Steven James appointed
secretary
2002-03-01
➕
MORAN, Steven James appointed
director
2002-02-28
➖
MACKELLAR, Annette resigned
secretary
2001-05-04
➖
CVETKOVIC, Milan resigned
director
1998-10-12
➕
CVETKOVIC, Milan appointed
director
1998-04-14
➕
WHITEHEAD, Guy appointed
director
1992-06-06
➖
LYLE, Christopher Edgar resigned
director
1986-03-10
🏢
Company incorporated
As ARMOURCOAT LIMITED

Owner dependency

58/100

Moderate — manageable with handover

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

FACTORS

-5 active directors: Broader management team in place — suggests transferable governance.
+Long-tenure founder: Senior director has been in place 18 years — deep operational knowledge concentrated in one person.
+Senior director age: Director aged approximately 63 — approaching natural succession window.

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 63. Approaching typical UK retirement age — succession thinking likely.
secondary12+ year tenure: Director in role 18 years.
supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

1 med ·

2 director resignations in last 12 months

medium

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

Evidence: WHITEHEAD, Guy resigned 2025-08-01; WHITEHEAD, Guy resigned 2025-08-01

Group structure

Armourcoat Holdings Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️

Armourcoat Holdings Limited

Corporate parent · holds 75-100% shares

ultimate parent

⬇

ARMOURCOAT LIMITED

This company · 01997888

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
Armourcoat Holdings Limited Corporate entity	75–100%	75–100%	75-100% shares · 75-100% voting	05/07/2018

2 historic (ceased) PSCs

Mr Duncan Mieklemann Mackenzie Mackellarceased 05/07/2018· 25-50% shares
Mr James Meikle Mann Mackellarceased 05/07/2018· 25-50% shares

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

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 →

🔒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

Incorporated1986-03-10

Jurisdictionengland-wales

Primary SIC23620 — SIC 23620

Registered office

Unit 2 Morewood Close

London Road

Sevenoaks

Kent

TN13 2HU

Filing status

Accounts

Next due: 2027-06-30

Last made up to: 2025-09-30

Confirmation statement

Next due: 2027-05-23

Last: 2026-05-09