AXALTA COATING SYSTEMS UK LIMITED
📉Decliningactive
02238419 · ltd · incorporated 1988-03-31
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
drifting distress · 6-months
Drifting toward distress — expect more negotiability in 3–6 months, but also more friction.
- · Lifecycle stage drifting downward
- · Currently "declining"
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
—
book net assets
Opportunity
72/100
Strong
What this business does
Primary activity: SIC 20301
Sector: Manufacturing
Investor take
Pass (distressed without resilience)Distressed active trading company — structural issues outweigh the discount.
Opportunity 72/100 (strong), bankability 57/100. 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 (58/100).
🏦
Refinance opportunity
8 live charges · 5 lenders · oldest 13.3y
25/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 13.3 years old — likely at or near maturity.
- · 5 lenders named — inter-creditor friction likely.
- · Legal-friction score 30/100 — workable, but lender will want more DD.
- · Not currently profitable — coverage conversation is a harder sell.
Data confidence
Overall: high (83/100)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
8 charges (8/8 with lender, 8/8 with type)
90
Directors & officers
24 officers (2 active, 24 linked, 17 with DOB)
84
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
14 connected companies via shared directors
87
Filing history
199 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
72/100Strong
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
77
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 102Loss-making
Loss before tax £3,273,000
Slipped into loss
Moved from profit to loss this year
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Profit before tax | £-3.27M | £265.81M |
| Average employees | 51 | 4500 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
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
Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (74 events)Click to expand
- 2025-10-27📄accounts-with-accounts-type-fullaccounts · AA
- 2025-03-28➕YOUENS, Laura Michele appointeddirector
- 2025-03-28➖BLENKINSOPP, James Ian resignedsecretary
- 2025-03-28➖BLENKINSOPP, James Ian resigneddirector
- 2025-03-28📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-03-28📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2025-03-28📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-02-28📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-02-28🔒Charge registered #8Lender: Barclays Bank PLC, 1 Churchill Place, London, E14 5HP
- 2024-08-22📄accounts-with-accounts-type-fullaccounts · AA
- 2024-02-15📄capital-allotment-sharescapital · SH01
- 2023-12-16📄accounts-amended-with-accounts-type-fullaccounts · AAMD
- 2023-09-29📄accounts-with-accounts-type-fullaccounts · AA
- 2023-04-19📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-04-19📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-04-19📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-04-19🔓Charge satisfied #4
- 2023-04-19🔓Charge satisfied #3
- 2023-04-19🔓Charge satisfied #1
- 2023-04-17📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-04-14🔒Charge registered #7Lender: Barclays Bank PLC
- 2022-10-11📄capital-allotment-sharescapital · SH01
- 2022-10-06📄accounts-with-accounts-type-fullaccounts · AA
- 2022-03-25📄auditors-resignation-companyauditors · AUD
- 2021-12-17📄accounts-with-accounts-type-fullaccounts · AA
- 2021-09-03📄capital-statement-capital-company-with-date-currency-figurecapital · SH19
- 2021-09-03📄resolutionresolution · RESOLUTIONS
- 2021-09-03📄legacycapital · SH20
- 2021-04-01🔒Charge registered #6Lender: Barclays Bank PLC (1 Churchill Place, London E14 5HP, United Kingdom,) as Collateral Agent for the Secured Parties.
- 2021-04-01🔒Charge registered #5Lender: Barclays Bank PLC (1 Churchill Place, London E14 5HP, United Kingdom,) as Collateral Agent for the Secured Parties.
- 2019-06-24➕DOLAN, Farrell appointeddirector
- 2019-06-24➖DAVIS, Michael Keith resigneddirector
- 2018-06-22🔒Charge registered #4Lender: Barclays Bank PLC
- 2017-07-13🔒Charge registered #3Lender: Barclays Bank PLC as Collateral Agent
- 2016-10-06🔓Charge satisfied #2
- 2013-03-20➕BLENKINSOPP, James Ian appointedsecretary
- 2013-02-01🔒Charge registered #2Lender: Wilmington Trust, National Association
- 2013-02-01🔒Charge registered #1Lender: Barclays Bank PLC
- 2013-01-24➖BAKER, Andrew resignedsecretary
- 2013-01-24➖BAKER, Andrew resigneddirector
- 2013-01-24➕BLENKINSOPP, James Ian appointeddirector
- 2013-01-24➕DAVIS, Michael Keith appointeddirector
- 2013-01-24➖GOUGH, Adrian Paul resigneddirector
- 2008-01-31➕GOUGH, Adrian Paul appointeddirector
- 2008-01-31➖TAYLOR, Michael John resigneddirector
- 2005-10-06➕BAKER, Andrew appointedsecretary
- 2005-10-06➖CLEMENTS, Sarah Frances resignedsecretary
- 2004-08-03➕BAKER, Andrew appointeddirector
- 2004-08-03➖PEARSON, Joseph Linton resigneddirector
- 2002-05-30➖KNIGHT, George Barry Richard resigneddirector
Showing most recent 50 of 74 events
Owner dependency
58/100
Moderate — manageable with handoverSome 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
36/100
Weak signalLimited succession signal. Not a near-term off-market candidate.
SIGNALS
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
Red flags
1 med ·Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
Axalta Coating Systems Uk Holding Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Axalta Coating Systems Uk Holding Limited
Corporate parent · holds 75-100% shares · board control
⬇
AXALTA COATING SYSTEMS UK LIMITED
This company · 02238419
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 |
|---|---|---|---|---|
Axalta Coating Systems Uk Holding Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 06/04/2016 |
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 →Similar companies
Active · Manufacturing · AL postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| 3 COUNTIES CONCRETE LTD→ 12991613 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| 3D CROWD CIC→ 12535979 · est 2020 · no financials extracted | — | — | — | — | 6y | — | — |
| AMORRA LTD→ 16669559 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| ANGLIAN ACCESS REPAIRS LTD→ 11936211 · est 2019 · no financials extracted | — | — | — | — | 7y | — | — |
| APRIL GL LIMITED→ 16388434 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| ARTUR LIFTS SERVICES WITH MOUSTACHE LTD→ 16240001 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| ASPAR PHARMACEUTICALS LIMITED→ 02658906 · est 1991 · no financials extracted | — | — | — | — | 34y | — | — |
| ATLAS LANDSCAPING SUPPLIES LTD→ 14749598 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| ATLAS YACHTING LIMITED→ 13323596 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| AURORA LIGHTING UK LIMITED→ 14279450 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| AXALTA POWDER COATING SYSTEMS UK LIMITED→ 01074133 · est 1972 · no financials extracted | — | — | — | — | 53y | — | — |
| AYESH LONDON LTD→ 15488385 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
9 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
Incorporated1988-03-31
Jurisdictionengland-wales
Primary SIC20301 — SIC 20301
Registered office
Unit 1 Quadrant Park
Mundells
Welwyn Garden City
Hertfordshire
AL7 1FS
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-10-14
Last: 2025-09-30
Officers (2 active · 22 resigned)
DOLAN, Farrell→
Activedirector · ~57y · appointed 2019-06-24
View their other companies + combined net worth →
YOUENS, Laura Michele→
Activedirector · ~43y · appointed 2025-03-28
View their other companies + combined net worth →
BAKER, Andrew→
Resignedsecretary · appointed 2005-10-06 · resigned 2013-01-24
BLENKINSOPP, James Ian→
Resignedsecretary · appointed 2013-03-20 · resigned 2025-03-28
CLEMENTS, Sarah Frances→
Resignedsecretary · appointed 2001-02-28 · resigned 2005-10-06
EVELEIGH, David Charles→
Resignedsecretary · appointed 1999-03-15 · resigned 2001-02-28
LEIPER, Janice Kathleen May→
Resignedsecretary · appointed 1996-04-18 · resigned 1999-03-15
TURTON, Patricia Anne→
Resignedsecretary · appointed 1994-02-11 · resigned 1996-04-18
WISNIEWSKI, Joseph Paul→
Resignedsecretary · resigned 1994-02-11
BAKER, Andrew→
Resigneddirector · ~64y · appointed 2004-08-03 · resigned 2013-01-24
BELLAMY, Brian Leslie→
Resigneddirector · ~83y · appointed 1997-04-01 · resigned 1998-10-10
BLENKINSOPP, James Ian→
Resigneddirector · ~69y · appointed 2013-01-24 · resigned 2025-03-28
DAVIS, Michael Keith→
Resigneddirector · ~64y · appointed 2013-01-24 · resigned 2019-06-24
DIENST, Klaus Max→
Resigneddirector · ~94y · appointed 1992-12-17 · resigned 1994-03-07
EDWARDS, John Robert→
Resigneddirector · ~81y · resigned 1992-12-17
GOUGH, Adrian Paul→
Resigneddirector · ~68y · appointed 2008-01-31 · resigned 2013-01-24
HUGHES, Trevor John→
Resigneddirector · ~74y · appointed 1998-10-12 · resigned 2000-06-02
KNIGHT, George Barry Richard→
Resigneddirector · ~82y · appointed 1999-12-16 · resigned 2002-05-30
KORDOMENOS, Panagiotis Ioannis, Dr→
Resigneddirector · ~76y · appointed 1992-12-17 · resigned 1996-05-13
LEWIS, John Ralph→
Resigneddirector · ~83y · resigned 1992-12-17
Click a director name to see their full track record across all companies.
Mortgages & charges
8
Total charges
4
Outstanding
1
Active lenders
Status:Lender:8 of 8 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Barclays Barclays Bank PLC, 1 Churchill Place, London, E14 5HP | A registered charge | — | 28/02/2025 | — | |
| outstanding | Barclays Barclays Bank PLC | A registered charge | — | 14/04/2023 | — | |
| outstanding | Barclays Barclays Bank PLC (1 Churchill Place, London E14 5HP, United Kingdom,) as Collateral Agent for the Secured Parties. | A registered charge | — | 01/04/2021 | — | |
| outstanding | Barclays Barclays Bank PLC (1 Churchill Place, London E14 5HP, United Kingdom,) as Collateral Agent for the Secured Parties. | A registered charge | — | 01/04/2021 | — | |
| satisfied | Barclays Barclays Bank PLC | A registered charge | — | 22/06/2018 | 19/04/2023 | |
| satisfied | Barclays Barclays Bank PLC as Collateral Agent | A registered charge | — | 13/07/2017 | 19/04/2023 | |
| satisfied | Wilmington Trust, National Association | Debenture | 1 property | 01/02/2013 | 06/10/2016 | |
| satisfied | Barclays Barclays Bank PLC | Debenture | 1 property | 01/02/2013 | 19/04/2023 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (199 total)
accounts-with-accounts-type-full
accounts · AA
2025-10-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-15
appoint-person-director-company-with-name-date
officers · AP01
2025-03-28
termination-secretary-company-with-name-termination-date
officers · TM02
2025-03-28
termination-director-company-with-name-termination-date
officers · TM01
2025-03-28
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-02-28
confirmation-statement-with-updates
confirmation-statement · CS01
2024-10-11
accounts-with-accounts-type-full
accounts · AA
2024-08-22
capital-allotment-shares
capital · SH01
2024-02-15
accounts-amended-with-accounts-type-full
accounts · AAMD
2023-12-16
confirmation-statement-with-updates
confirmation-statement · CS01
2023-10-06
accounts-with-accounts-type-full
accounts · AA
2023-09-29
mortgage-satisfy-charge-full
mortgage · MR04
2023-04-19
mortgage-satisfy-charge-full
mortgage · MR04
2023-04-19
mortgage-satisfy-charge-full
mortgage · MR04
2023-04-19