FLIPFILE LIMITED

🌳Matureactive
02212020 · ltd · incorporated 1988-01-20
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
—
year to Dec 2025
Net worth
£1.06M
book net assets
Opportunity
74/100
Strong
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What this business does
Primary activity: Wholesale of household goods (other than musical instruments) n.e.c.
Sector: Wholesale & retail
Investor take
Pursue
Strong opportunity: active trading company with strong profile and acceptable with review structure.

Opportunity 74/100 (strong), bankability 67/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: strategic trade sale (63/100).

🏦

Refinance opportunity

4 live charges · 3 lenders · oldest 35.4y

35/100
too messy

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

  • · Oldest live charge is 35.4 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: high (80/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile
address, 1 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
8 officers (3 active, 8 linked, 5 with DOB)
83
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
4 connected companies via shared directors
57
Filing history
123 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
50
Some acquirability indicators.
Risk profile
85
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 £1,056,948
Cash YoY
+364%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£4k
↑ 364% YoY
Net Worth
£1.1m
↑ 9.8% YoY
Current Assets
£1.5m
↓ 2.0% YoY
Current Liabilities
—
£0£312k£624k£936k£1.2m£1.6mDec 2024Dec 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-12-312024-12-31
Total assets£1.06M£987.6k
Current assets£1.53M£1.56M
Cash£4.5k£967
Debtors£1.05M£1.05M
Net assets£1.06M£962.6k

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
0
filings
Last 90 days
1
filing
  • • 1 accounts
Last 180 days
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (35 events)Click to expand
  1. 2026-03-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-08-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-04-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-09-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2022-07-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2021-06-07
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2020-09-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2020-08-12
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  9. 2020-05-05
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  10. 2020-04-27
    🔒
    Charge registered #4
    Lender: National Westminster Bank PLC
  11. 2020-01-08
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  12. 2020-01-08
    🔒
    Charge registered #3
    Lender: Rbs Invoice Finance LTD
  13. 2019-07-22
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  14. 2019-07-22
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  15. 2019-07-22
    📄
    appoint-person-secretary-company-with-name-date
    officers · AP03
  16. 2019-07-22
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  17. 2019-07-22
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  18. 2019-07-22
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  19. 2019-07-22
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  20. 2019-07-22
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  21. 2019-07-19
    ➕
    COLE, Alison Ruth appointed
    secretary
  22. 2019-07-19
    ➕
    COLE, Alison Ruth appointed
    director
  23. 2019-07-19
    ➕
    ROBINSON, Graeme John appointed
    director
  24. 2019-07-19
    ➖
    HAWKINS, Emily resigned
    secretary
  25. 2019-07-19
    ➖
    HAWKINS, Borghild Nerdal resigned
    director
  26. 2019-07-19
    ➖
    HAWKINS, Emily resigned
    director
  27. 2018-12-31
    ➖
    HAWKINS, Colin Adrian resigned
    director
  28. 2015-05-06
    🔓
    Charge satisfied #2
  29. 2015-05-06
    🔓
    Charge satisfied #1
  30. 2014-01-10
    ➖
    HAWKINS, Borghild Nerdal resigned
    secretary
  31. 2014-01-10
    ➕
    HAWKINS, Emily appointed
    secretary
  32. 2009-02-01
    ➕
    HAWKINS, Emily appointed
    director
  33. 2005-05-11
    🔒
    Charge registered #2
    Lender: Barclays Bank PLC
  34. 1990-12-14
    🔒
    Charge registered #1
    Lender: Barclays Bank PLC
  35. 1988-01-20
    🏢
    Company incorporated
    As FLIPFILE LIMITED

Owner dependency

58/100
Moderate — manageable with handover

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

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.

Succession & seller-readiness

46/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondaryStable-but-static management: Company is 38 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Miss Alison Ruth Cole
Individual · British · DOB 01/1972 · age 54
——sig. influencesignificant influence19/07/2019
2 historic (ceased) PSCs
  • Mr Henry Ronald Hawkinsceased 19/07/2019· 25-50% shares · 25-50% voting
  • Ms Emily Hawkinsceased 19/07/2019· 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
Incorporated1988-01-20
Jurisdictionengland-wales
Primary SIC46499 — Wholesale of household goods (other than musical instruments) n.e.c.

Registered office

Unit 4 Lineside Industrial Estate Arndale Road
Wick
Littlehampton
BN17 7HD
England

Filing status

Accounts
Next due: 2027-09-30
Last made up to: 2025-12-31
Confirmation statement
Next due: 2026-08-02
Last: 2025-07-19

Officers (3 active · 5 resigned)

COLE, Alison Ruth→
secretary · appointed 2019-07-19
View their other companies + combined net worth →
Active
COLE, Alison Ruth→
director · ~54y · appointed 2019-07-19
View their other companies + combined net worth →
Active
ROBINSON, Graeme John→
director · ~56y · appointed 2019-07-19
View their other companies + combined net worth →
Active
HAWKINS, Borghild Nerdal→
secretary · resigned 2014-01-10
Resigned
HAWKINS, Emily→
secretary · appointed 2014-01-10 · resigned 2019-07-19
Resigned
HAWKINS, Borghild Nerdal→
director · ~85y · resigned 2019-07-19
Resigned
HAWKINS, Colin Adrian→
director · ~88y · resigned 2018-12-31
Resigned
HAWKINS, Emily→
director · ~58y · appointed 2009-02-01 · resigned 2019-07-19
Resigned

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

Mortgages & charges

4
Total charges
2
Outstanding
2
Active lenders
Status:Lender:4 of 4 shown
TypeProperties
outstanding
National Westminster Bank
National Westminster Bank PLC
A registered charge—27/04/2020—
outstanding
NatWest Group
Rbs Invoice Finance LTD
A registered charge—08/01/2020—
satisfied
Barclays
Barclays Bank PLC
Legal charge1 property11/05/200506/05/2015
satisfied
Barclays
Barclays Bank PLC
Debenture1 property14/12/199006/05/2015
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (123 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-03-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-08-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-04-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-08-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-08-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-07-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-08-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-06-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-09-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-08-12
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2020-08-12
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2020-05-05