CORROCOAT CORROSIONEERING LIMITED
- · Oldest live charge 27.8y old — refinance window within 12 months
- 33190SIC 33190
- 71129Other engineering activities
Opportunity 80/100 (exceptional), bankability 80/100. Strong seller-intent signal (63/100, director aged 69). 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
1 live charge · oldest 27.8y
Refinance viable after a tidy-up — address the highlighted items first.
- · Oldest live charge is 27.8 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Legal-friction score 25/100 — workable, but lender will want more DD.
Data confidence
Overall: high (83/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.
Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-06-30 | 2024-06-30 |
|---|---|---|
| Average employees | 50 | 5500 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
2 signals 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
- • 1 confirmation-statement
- • 1 confirmation-statement
- • 1 accounts
- • 1 confirmation-statement
- • 1 accounts
- • 1 officers
Corporate timeline (33 events)Click to expand
- 2026-06-26📄accounts-with-accounts-type-smallaccounts · AA
- 2026-04-10📄termination-director-company-with-name-termination-dateofficers · TM01
- 2026-04-03➖WATKINSON, Charles John resigneddirector
- 2026-01-26📄change-person-director-company-with-change-dateofficers · CH01
- 2026-01-26📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-12-31➖GREENWOOD SOLE, Graham Dennis resigneddirector
- 2025-04-01📄accounts-with-accounts-type-smallaccounts · AA
- 2024-07-30📄capital-allotment-sharescapital · SH01
- 2024-03-28📄accounts-with-accounts-type-smallaccounts · AA
- 2024-03-05📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-03-31📄accounts-with-accounts-type-smallaccounts · AA
- 2022-08-31➖RILEY, Nigel Patrick resigneddirector
- 2022-08-31📄termination-director-company-with-name-termination-dateofficers · TM01
- 2022-04-01📄accounts-with-accounts-type-smallaccounts · AA
- 2021-06-29📄accounts-with-accounts-type-smallaccounts · AA
- 2020-07-02📄capital-allotment-sharescapital · SH01
- 2020-04-06📄accounts-with-accounts-type-smallaccounts · AA
- 2019-04-05📄accounts-with-accounts-type-smallaccounts · AA
- 2018-04-05📄accounts-with-accounts-type-fullaccounts · AA
- 2009-06-01➕COLE, Robert Edward appointeddirector
- 2005-09-30➕RILEY, Nigel Patrick appointeddirector
- 2005-09-09➖HALL, Andrew Moncreiffe resigneddirector
- 2005-06-30➕WATKINSON, Phillip James appointeddirector
- 2002-04-30➖ELVIDGE, John Hugh Kenyon resigneddirector
- 2002-04-03➕GREENWOOD SOLE, Graham Dennis appointeddirector
- 2002-04-03➕HALL, Andrew Moncreiffe appointeddirector
- 1998-09-29🔒Charge registered #1Lender: Yorkshire Bank PLC
- 1994-10-26➖WILSON, David John resigneddirector
- 1994-01-01➕WILSON, David John appointeddirector
- 1993-12-20➖TUNLEY, Charles Arthur resigneddirector
- 1993-03-11➕TUNLEY, Charles Arthur appointeddirector
- 1993-03-03➖WATTS, Peter Johnson resigneddirector
- 1988-03-10🏢Company incorporatedAs CORROCOAT CORROSIONEERING LIMITED
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +Long-tenure founder: Senior director has been in place 21 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 69 — succession pressure is live.
Succession & seller-readiness
Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
- primaryFounder aged 63+: Senior director is approximately 69. Approaching typical UK retirement age — succession thinking likely.
- primary20+ year tenure: Director in role 21 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 38 years old and no new directors in the last 3 years — succession not yet being planned internally.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
1 med ·Multiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.
Evidence: GREENWOOD SOLE, Graham Dennis resigned 2025-12-31; WATKINSON, Charles John resigned 2026-04-03
Group structure
Corrocoat 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 |
|---|---|---|---|---|
Corrocoat Limited Corporate entity | 75–100% | — | 75-100% shares | 30/06/2016 |
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.
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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 →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 (4 active · 8 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Virgin Money Yorkshire Bank PLC | Debenture | 1 property | 29/09/1998 | — |