ETEX UK INSULATION LIMITED
🌳Matureactive
02160591 · ltd · incorporated 1987-09-02
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
73/100
Strong
What this business does
Primary activity: SIC 23140
Sector: Manufacturing
ALSO REGISTERED FOR
- 46730SIC 46730
Investor take
PursueStrong opportunity: active trading company with strong profile and acceptable with review structure.
Opportunity 73/100 (strong), bankability 67/100. Strong seller-intent signal (65/100, director aged 58). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 14 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (53/100).
🏦
Refinance opportunity
26 live charges · 14 lenders · oldest 38.6y
25/100
too messy
Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.
- · Oldest live charge is 38.6 years old — likely at or near maturity.
- · 14 lenders named — inter-creditor friction likely.
- · Legal-friction score 53/100 (high).
Data confidence
Overall: medium (58/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Company profile
address, 2 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
26 charges (26/26 with lender, 26/26 with type)
90
Directors & officers
37 officers (2 active, 37 linked, 30 with DOB)
86
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
262 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
73/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
61
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.
Recent activity
Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (135 events)Click to expand
- 2025-11-03📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-11-03📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-11-03📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2025-11-01➕TOLSON, John Kevin appointeddirector
- 2025-11-01➖MCLEAN, Theresa Mary resignedsecretary
- 2025-11-01➖MCLEAN, Theresa Mary resigneddirector
- 2025-10-03📄accounts-with-accounts-type-fullaccounts · AA
- 2024-12-18✏️certificate-change-of-name-companychange-of-name · CERTNM
- 2024-10-04📄accounts-with-accounts-type-fullaccounts · AA
- 2024-04-23📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-04-22➕SKOREK, Wojciech Bartosz appointeddirector
- 2024-04-22➖DE VOGÜÉ, Melchior Marie Hervé resigneddirector
- 2024-04-22➖FRIEDRICHS, Jochen resigneddirector
- 2024-04-22📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-04-22📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-04-04📄capital-allotment-sharescapital · SH01
- 2023-10-06📄accounts-with-accounts-type-fullaccounts · AA
- 2023-06-26📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-06-26📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-06-26🔓Charge satisfied #26
- 2023-06-26🔓Charge satisfied #22
- 2023-06-23📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-06-23📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-06-23📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2023-06-22📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-06-22📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-06-21➖ATHERTON, Mark Richard resigneddirector
- 2023-06-21➕DE VOGÜÉ, Melchior Marie Hervé appointeddirector
- 2023-06-21➕FRIEDRICHS, Jochen appointeddirector
- 2023-06-21➖MUNRO, Kenneth George resigneddirector
- 2022-10-04📄accounts-with-accounts-type-fullaccounts · AA
- 2022-06-24📄mortgage-satisfy-charge-fullmortgage · MR04
- 2022-06-24📄mortgage-satisfy-charge-fullmortgage · MR04
- 2022-06-24🔓Charge satisfied #24
- 2022-06-24🔓Charge satisfied #17
- 2020-11-25🔒Charge registered #26Lender: Ska Assets Management Limited, Moscow Branch
- 2019-05-18🔓Charge satisfied #23
- 2019-04-17🔒Charge registered #25Lender: Stirling Development Agency Limited
- 2018-08-29🔒Charge registered #24Lender: The Royal Bank of Scotland PLC
- 2018-05-01🔒Charge registered #23Lender: The Royal Bank of Scotland PLC
- 2016-11-24🔒Charge registered #22Lender: Inflection Management Corporation Limited
- 2016-09-27🔓Charge satisfied #21
- 2016-09-27🔓Charge satisfied #20
- 2016-09-27🔓Charge satisfied #19
- 2016-07-01➕MCLEAN, Theresa Mary appointedsecretary
- 2016-06-30➖LEA, Christopher Paul resignedsecretary
- 2016-06-30➖LEA, Christopher Paul resigneddirector
- 2016-06-01➕MCLEAN, Theresa Mary appointeddirector
- 2015-10-28🔓Charge satisfied #18
- 2015-09-16➕ATHERTON, Mark Richard appointeddirector
Showing most recent 50 of 135 events
Owner dependency
66/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Senior director age: Director aged approximately 58 — approaching natural succession window.
Succession & seller-readiness
46/100
Moderate signalSome succession indicators present. Worth watching; approach if sector/strategy fits.
SIGNALS
- secondaryFounder aged 58+: Senior director is approximately 58. Early succession window.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
Red flags
3 med ·2 director resignations in last 12 months
mediumMultiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.
Evidence: MCLEAN, Theresa Mary resigned 2025-11-01; MCLEAN, Theresa Mary resigned 2025-11-01
Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Name changed recently
mediumName changes can be benign (rebrand) but can also precede distress, phoenix activity, or buyer concealment.
Evidence: 2024-12-18: certificate-change-of-name-company
Group structure
Superglass Holdings Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Superglass Holdings Limited
Corporate parent · holds 75-100% shares
⬇
ETEX UK INSULATION LIMITED
This company · 02160591
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 |
|---|---|---|---|---|
Superglass Holdings Limited Corporate entity | 75–100% | — | 75-100% shares | 12/06/2018 |
1 historic (ceased) PSC
- Superglass Group Limitedceased 12/06/2018· 75-100% 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 →Similar companies
Active · Manufacturing · BS postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| 1 DELTA ENGINEERING EC LIMITED→ 02903909 · est 1994 · no financials extracted | — | — | — | — | 32y | — | — |
| 2601 CREATIVE PRINT LTD→ 08960428 · est 2014 · no financials extracted | — | — | — | — | 12y | — | — |
| A. G. BRACEY LIMITED→ 01033626 · est 1971 · no financials extracted | — | — | — | — | 54y | — | — |
| A.B.C. (ENAMELLING & FABRICATIONS) LIMITED→ 01291149 · est 1976 · no financials extracted | — | — | — | — | 49y | — | — |
| ACE CATERING EQUIPMENT LIMITED→ 08158157 · est 2012 · no financials extracted | — | — | — | — | 13y | — | — |
| ACE SYSTEMS LIMITED→ 01657471 · est 1982 · no financials extracted | — | — | — | — | 43y | — | — |
| ACOUSTIC CARPENTRY AND BUILDING LTD→ 14193243 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| ACTICARE NEURO LTD→ 14991800 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| ACTIVE DESIGN SOLUTIONS LIMITED→ 08237407 · est 2012 · no financials extracted | — | — | — | — | 13y | — | — |
| ACTUATED LIMITED→ 06648949 · est 2008 · no financials extracted | — | — | — | — | 17y | — | — |
| AD ART DESIGN LIMITED→ 02584192 · est 1991 · no financials extracted | — | — | — | — | 35y | — | — |
| ADDASU ENGINEERING LTD→ 16764198 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
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
Incorporated1987-09-02
Jurisdictionengland-wales
Primary SIC23140 — SIC 23140
Registered office
Gordano House Marsh Ln
Easton-In-Gordano
Bristol
Avon
BS20 0NE
England
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-06-14
Last: 2025-05-31
Officers (2 active · 35 resigned)
SKOREK, Wojciech Bartosz→
Activedirector · ~48y · appointed 2024-04-22
View their other companies + combined net worth →
TOLSON, John Kevin→
Activedirector · ~58y · appointed 2025-11-01
View their other companies + combined net worth →
BILSLAND, Nicol Muir→
Resignedsecretary · resigned 1993-06-30
CLOW, Allan James→
Resignedsecretary · appointed 2012-08-28 · resigned 2013-11-29
KIRK, Philip Anthony→
Resignedsecretary · appointed 1993-06-30 · resigned 2005-08-16
KIRKBRIGHT, Anthony→
Resignedsecretary · appointed 2005-08-16 · resigned 2012-02-20
LEA, Christopher Paul→
Resignedsecretary · appointed 2013-12-02 · resigned 2016-06-30
MCLEAN, Theresa Mary→
Resignedsecretary · appointed 2016-07-01 · resigned 2025-11-01
MCLEOD, Alexander John→
Resignedsecretary · appointed 2012-02-20 · resigned 2012-08-28
ATHERTON, Mark Richard→
Resigneddirector · ~64y · appointed 2015-09-16 · resigned 2023-06-21
BEARD, Michael Gareth→
Resigneddirector · ~69y · appointed 2001-06-05 · resigned 2012-07-20
BILSLAND, Nicol Muir→
Resigneddirector · ~75y · resigned 1993-06-30
CAIRNS, David→
Resigneddirector · ~64y · appointed 2007-04-26 · resigned 2014-02-07
CLOW, Allan James→
Resigneddirector · ~57y · appointed 2012-08-28 · resigned 2013-11-29
CREIGHTON, David Marshall→
Resigneddirector · ~92y · resigned 2001-06-05
DE VOGÜÉ, Melchior Marie Hervé→
Resigneddirector · ~64y · appointed 2023-06-21 · resigned 2024-04-22
FRIEDRICHS, Jochen→
Resigneddirector · ~55y · appointed 2023-06-21 · resigned 2024-04-22
GEDDES, James Lobban→
Resigneddirector · ~100y · resigned 1993-01-31
HUBBARD, Howard Austin→
Resigneddirector · ~71y · appointed 1998-02-12 · resigned 2006-12-22
HUBBARD, Howard Austin→
Resigneddirector · ~71y · resigned 1997-11-12
Click a director name to see their full track record across all companies.
Mortgages & charges
26
Total charges
1
Outstanding
1
Active lenders
Status:Lender:26 of 26 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Ska Assets Management , Moscow Branch Ska Assets Management Limited, Moscow Branch | A registered charge | — | 25/11/2020 | 26/06/2023 | |
| outstanding | Stirling Development Agency Stirling Development Agency Limited | A registered charge | 2 properties | 17/04/2019 | — | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | A registered charge | — | 29/08/2018 | 24/06/2022 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | A registered charge | — | 01/05/2018 | 18/05/2019 | |
| satisfied | Inflection Management Corporation Inflection Management Corporation Limited | A registered charge | 2 properties | 24/11/2016 | 26/06/2023 | |
| satisfied | Close Brothers Close Brothers Limited | A registered charge | 1 property | 24/11/2014 | 27/09/2016 | |
| satisfied | Close Brothers Close Brothers Limited (The "Security Trustee") | A registered charge | — | 10/11/2014 | 27/09/2016 | |
| satisfied | Close Leasing Close Leasing LTD | A registered charge | 1 property | 10/11/2014 | 27/09/2016 | |
| satisfied | Virgin Money Clydesdale Bank PLC (Trading as Both Clydesdale Bank and Yorkshire Bank) | A registered charge | — | 07/11/2014 | 28/10/2015 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | A registered charge | — | 07/11/2014 | 24/06/2022 | |
| satisfied | Virgin Money Clydesdale Bank PLC (Trading as Both Clydesdale Bank and Yorkshire Bank) | Deed of assignment | 1 property | 17/01/2013 | 28/11/2014 | |
| satisfied | Virgin Money Clydesdale Bank PLC | Standard security | 1 property | 11/11/2011 | 28/11/2014 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Debenture | 1 property | 07/11/2011 | 28/11/2014 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Assignation of rents | 1 property | 31/10/2011 | 28/11/2014 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Assignation of rents | 1 property | 05/09/2005 | 28/11/2014 | |
| satisfied | Investec Bank (UK) Investec Bank (UK) Limited | A standard security which was presented for registration in scotland on 15/11/2005 and | 1 property | 16/08/2005 | 10/11/2010 | |
| satisfied | Investec Bank (UK) Investec Bank (UK) Limited | A standard security which was presented for registration in scotland on 29TH august 2005 and | 1 property | 16/08/2005 | 10/11/2010 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | A standard security which was presented for registration in scotland on 29TH august 2005 and | 1 property | 16/08/2005 | 28/11/2014 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Standard security presented for registration in scotland on 29 august 2005 and | 1 property | 16/08/2005 | 28/11/2014 | |
| satisfied | Investec Bank (UK) Investec Bank (UK) Limited | Debenture | 1 property | 16/08/2005 | 10/11/2010 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Debenture | 1 property | 16/08/2005 | 28/11/2014 | |
| satisfied | 3I 3I PLC | Debenture | 1 property | 23/07/1999 | 22/09/2005 | |
| satisfied | 3I 3I PLC | Debenture | 1 property | 20/11/1997 | 11/07/2007 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Composite guarantee and mortgage debenture | 1 property | 20/11/1997 | 22/09/2005 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security (presented for registration in scotland on the 3RD july 1997) | 1 property | 30/06/1997 | 11/07/2007 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland. | Debenture | 1 property | 08/10/1987 | 22/09/2005 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (262 total)
appoint-person-director-company-with-name-date
officers · AP01
2025-11-03
termination-director-company-with-name-termination-date
officers · TM01
2025-11-03
termination-secretary-company-with-name-termination-date
officers · TM02
2025-11-03
accounts-with-accounts-type-full
accounts · AA
2025-10-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-11
certificate-change-of-name-company
change-of-name · CERTNM
2024-12-18
accounts-with-accounts-type-full
accounts · AA
2024-10-04
confirmation-statement-with-updates
confirmation-statement · CS01
2024-06-03
appoint-person-director-company-with-name-date
officers · AP01
2024-04-23
termination-director-company-with-name-termination-date
officers · TM01
2024-04-22
termination-director-company-with-name-termination-date
officers · TM01
2024-04-22
capital-allotment-shares
capital · SH01
2024-04-04
accounts-with-accounts-type-full
accounts · AA
2023-10-06
mortgage-satisfy-charge-full
mortgage · MR04
2023-06-26
mortgage-satisfy-charge-full
mortgage · MR04
2023-06-26