ADDITIVE - X LIMITED
🌳Matureactive
02272344 · ltd · incorporated 1988-06-29
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.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Nov 2024
Net worth
—
book net assets
Opportunity
79/100
Strong
What this business does
Primary activity: Manufacture of metal structures and parts of structures
Sector: Manufacturing
ALSO REGISTERED FOR
- 32990Other manufacturing n.e.c.
- 46690Wholesale of other machinery and equipment
- 95110Repair of computers and peripheral equipment
Investor take
PursueActive trading company with a 80-year-old founder — textbook succession opportunity.
Opportunity 79/100 (strong), bankability 67/100. Strong seller-intent signal (63/100, director aged 80). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 6 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).
🏦
Refinance opportunity
12 live charges · 6 lenders · oldest 27.7y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 27.7 years old — likely at or near maturity.
- · 6 lenders named — inter-creditor friction likely.
- · Legal-friction score 40/100 — 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, 4 SIC codes, incorporation date
100
Financials
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
12 charges (12/12 with lender, 12/12 with type)
90
Directors & officers
9 officers (3 active, 9 linked, 8 with DOB)
88
Ownership & PSC
2 active PSC(s) of 8 total, 8 with control declared
90
Director network
5 connected companies via shared directors
60
Filing history
143 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
79/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.
Key financials
1 year extracted from filed iXBRL accountsCash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2024-11-30 |
|---|---|
| Average employees | 2600 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
3 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 (52 events)Click to expand
- 2025-08-07📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-08-05🔒Charge registered #12Lender: Hsbc Bank UK PLC
- 2025-07-16📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-07-16📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-07-16📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-07-16📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-07-16🔓Charge satisfied #11
- 2025-07-16🔓Charge satisfied #10
- 2025-07-16🔓Charge satisfied #9
- 2025-07-16🔓Charge satisfied #8
- 2025-05-28📄capital-cancellation-sharescapital · SH06
- 2025-05-28📄capital-return-purchase-own-sharescapital · SH03
- 2025-04-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-04-02📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2025-04-02📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-04-02📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2025-04-02📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2025-04-01➖HEATH-SMITH, Rachel Sarah resignedsecretary
- 2024-06-03📄accounts-with-accounts-type-smallaccounts · AA
- 2023-06-30📄accounts-with-accounts-type-smallaccounts · AA
- 2023-03-09📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-02-17➖BLACKBURN, James Simon resigneddirector
- 2022-07-27📄accounts-with-accounts-type-groupaccounts · AA
- 2022-04-20📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2022-04-11📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2022-04-11📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2020-07-31➖AYRES, Darren Brian resigneddirector
- 2016-07-06🔓Charge satisfied #5
- 2015-06-29🔒Charge registered #11Lender: Hsbc Bank PLC
- 2014-12-17🔓Charge satisfied #6
- 2014-05-27🔒Charge registered #10Lender: Hsbc Bank PLC
- 2014-05-27🔒Charge registered #9Lender: Hsbc Invoice Finance (UK) LTD
- 2014-05-27🔒Charge registered #8Lender: Hsbc Invoice Finance (UK) LTD
- 2014-05-07🔒Charge registered #7Lender: Hsbc Bank PLC
- 2013-06-12➖BIRCH, Nicholas Alan resigneddirector
- 2011-03-18🔓Charge satisfied #3
- 2010-01-21🔒Charge registered #6Lender: The Governor & Company of the Bank of Ireland
- 2009-07-08🔓Charge satisfied #4
- 2009-05-15🔓Charge satisfied #2
- 2009-05-15🔓Charge satisfied #1
- 2009-02-10🔒Charge registered #5Lender: Bank of Ireland Commercial Finance
- 2008-06-01➕AYRES, Darren Brian appointeddirector
- 2008-06-01➕BLACKBURN, James Simon appointeddirector
- 2006-10-06➕BIRCH, Nicholas Alan appointeddirector
- 2004-02-20🔒Charge registered #4Lender: Barclays Bank PLC
- 2004-01-19➕YOUNG, Joanna Louise appointeddirector
- 2001-01-03➖HEATH SMITH, Richard John Reginald resigneddirector
- 2001-01-03➖HEATH-SMITH, Rachel Sarah resigneddirector
- 1998-10-01🔒Charge registered #3Lender: Barclays Bank PLC
- 1998-09-21🔒Charge registered #2Lender: Barclays Bank PLC
Showing most recent 50 of 52 events
Owner dependency
83/100
Critical — business is the founderThe business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
FACTORS
- +Long-tenure founder: Senior director has been in place 22 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 80 — succession pressure is live.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
90/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 80 years old. Natural succession window is now.
- primary20+ year tenure: Director in role 22 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 ·Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mrs Linda Mary Whitehouse Individual · British · DOB 09/1947 · age 79 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 01/04/2025 |
Mr Peter David Whitehouse Individual · British · DOB 11/1946 · age 80 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 01/04/2025 |
6 historic (ceased) PSCs
- Mrs Jo Louise Youngceased 11/04/2022· significant influence
- Mrs Rachel Sarah Heath Smithceased 01/04/2025· 25-50% voting
- Mrs Linda Mary Whitehouseceased 11/04/2022· 25-50% shares · firm interest
- Mr David Peter Whitehouseceased 11/04/2022· 25-50% shares
- Mr James Simon Blackburnceased 01/08/2017· significant influence
- Mr Darren Brian Ayresceased 01/08/2017· significant influence
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 · HG postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| A V MATRIX LTD→ 04759370 · est 2003 · no financials extracted | — | — | — | — | 22y | — | — |
| A.M. HANDLING LIMITED→ 03024212 · est 1995 · no financials extracted | — | — | — | — | 31y | — | — |
| A1 CONCRETE (HARROGATE) LTD→ 10976534 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| ABF EUROPE LIMITED→ 03998389 · est 2000 · no financials extracted | — | — | — | — | 25y | — | — |
| ABG DESIGN LIMITED→ 07693916 · est 2011 · no financials extracted | — | — | — | — | 14y | — | — |
| ADDLEY MOTORS LTD→ 14791354 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| ADGROUP VENTURES LIMITED→ 05836477 · est 2006 · no financials extracted | — | — | — | — | 19y | — | — |
| AKTIV DESIGN (MARBLE AND GRANITE) LIMITED→ 04777086 · est 2003 · no financials extracted | — | — | — | — | 22y | — | — |
| ALLSKY OPTICS LTD→ 11638934 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| ALM MANUFACTURING LIMITED→ 03210539 · est 1996 · no financials extracted | — | — | — | — | 29y | — | — |
| ANDREW MAWSON LIMITED→ 04883094 · est 2003 · no financials extracted | — | — | — | — | 22y | — | — |
| APOLLO CREATIVE LTD→ 07169032 · est 2010 · no financials extracted | — | — | — | — | 16y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
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 →🔒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
Incorporated1988-06-29
Jurisdictionengland-wales
Primary SIC25110 — Manufacture of metal structures and parts of structures
Registered office
College Business Park
Kearsley Road
Ripon
North Yorkshire
HG4 2RN
Filing status
Accounts
Next due: 2026-08-31
Last made up to: 2024-11-30
Confirmation statement
Next due: 2026-06-01
Last: 2025-05-18
Officers (3 active · 6 resigned)
Active
Active
YOUNG, Joanna Louise→
Activedirector · ~54y · appointed 2004-01-19
View their other companies + combined net worth →
HEATH-SMITH, Rachel Sarah→
Resignedsecretary · resigned 2025-04-01
AYRES, Darren Brian→
Resigneddirector · ~53y · appointed 2008-06-01 · resigned 2020-07-31
BIRCH, Nicholas Alan→
Resigneddirector · ~67y · appointed 2006-10-06 · resigned 2013-06-12
BLACKBURN, James Simon→
Resigneddirector · ~55y · appointed 2008-06-01 · resigned 2023-02-17
HEATH SMITH, Richard John Reginald→
Resigneddirector · ~76y · resigned 2001-01-03
HEATH-SMITH, Rachel Sarah→
Resigneddirector · ~69y · resigned 2001-01-03
Click a director name to see their full track record across all companies.
Mortgages & charges
12
Total charges
2
Outstanding
1
Active lenders
Status:Lender:12 of 12 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | HSBC Hsbc Bank UK PLC | A registered charge | 1 property | 05/08/2025 | — | |
| satisfied | HSBC Hsbc Bank PLC | A registered charge | 1 property | 29/06/2015 | 16/07/2025 | |
| satisfied | HSBC Hsbc Bank PLC | A registered charge | 1 property | 27/05/2014 | 16/07/2025 | |
| satisfied | HSBC Hsbc Invoice Finance (UK) LTD | A registered charge | — | 27/05/2014 | 16/07/2025 | |
| satisfied | HSBC Hsbc Invoice Finance (UK) LTD | A registered charge | — | 27/05/2014 | 16/07/2025 | |
| outstanding | HSBC Hsbc Bank PLC | A registered charge | — | 07/05/2014 | — | |
| satisfied | The Governor & Company of the Bank of Ireland | Debenture | 1 property | 21/01/2010 | 17/12/2014 | |
| satisfied | Bank of Ireland Commercial Finance | Mortgage debenture | 1 property | 10/02/2009 | 06/07/2016 | |
| satisfied | Barclays Barclays Bank PLC | Legal charge | 1 property | 20/02/2004 | 08/07/2009 | |
| satisfied | Barclays Barclays Bank PLC | Assignment of contracts by way of security | 1 property | 01/10/1998 | 18/03/2011 | |
| satisfied | Barclays Barclays Bank PLC | Debenture | 1 property | 21/09/1998 | 15/05/2009 | |
| satisfied | Barclays Barclays Bank PLC | Legal charge | 1 property | 21/09/1998 | 15/05/2009 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (143 total)
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-08-07
mortgage-satisfy-charge-full
mortgage · MR04
2025-07-16
mortgage-satisfy-charge-full
mortgage · MR04
2025-07-16
mortgage-satisfy-charge-full
mortgage · MR04
2025-07-16
mortgage-satisfy-charge-full
mortgage · MR04
2025-07-16
confirmation-statement-with-updates
confirmation-statement · CS01
2025-05-30
capital-cancellation-shares
capital · SH06
2025-05-28
capital-return-purchase-own-shares
capital · SH03
2025-05-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-04-30
termination-secretary-company-with-name-termination-date
officers · TM02
2025-04-02
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-04-02
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2025-04-02
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2025-04-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-06-03
accounts-with-accounts-type-small
accounts · AA
2024-06-03