EUROPEAN TUBES LIMITED
- · Lifecycle stage drifting downward
- · Currently "declining"
Opportunity 83/100 (exceptional), bankability 67/100. Same-surname younger director in place — likely family handover, not open to sale. 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 (78/100).
Refinance opportunity
4 live charges · 3 lenders · oldest 37.3y
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 37.3 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Legal-friction score 35/100 — 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.
Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.
Available from the Pro tier upwards.
See pricing →Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.
Signals from accounts
Derived from iXBRL accounts · FRS 102Key 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 | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Profit before tax | £1.41M | £1.95M |
| Average employees | 34 | 3100 |
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
- • 2 officers
- • 1 confirmation-statement
- • 2 officers
- • 1 confirmation-statement
- • 2 officers
- • 1 confirmation-statement
Corporate timeline (25 events)Click to expand
- 2026-06-17📄change-person-director-company-with-change-dateofficers · CH01
- 2026-06-17📄change-person-director-company-with-change-dateofficers · CH01
- 2025-12-23📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-12-23📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-12-16➕GRATTON, Ryan Kevin appointeddirector
- 2025-12-16➕GRATTON, Steven Charles appointeddirector
- 2025-09-30📄accounts-with-accounts-type-fullaccounts · AA
- 2024-09-30📄accounts-with-accounts-type-fullaccounts · AA
- 2023-09-28📄accounts-with-accounts-type-fullaccounts · AA
- 2022-09-30📄accounts-with-accounts-type-smallaccounts · AA
- 2021-09-30📄accounts-with-accounts-type-smallaccounts · AA
- 2020-12-22📄accounts-with-accounts-type-smallaccounts · AA
- 2019-09-27📄accounts-with-accounts-type-smallaccounts · AA
- 2018-06-21📄accounts-with-accounts-type-smallaccounts · AA
- 2017-10-03📄accounts-with-accounts-type-smallaccounts · AA
- 2017-07-10📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2017-07-10📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2017-05-15🔒Charge registered #4Lender: The Royal Bank of Scotland PLC
- 2017-02-03🔒Charge registered #3Lender: European Tubes Group Limited
- 2012-02-02➖PAGNAM, Stephen resigneddirector
- 2011-06-11🔓Charge satisfied #1
- 2010-10-07➕FLANNERY, Victoria Diane appointeddirector
- 2001-10-11🔒Charge registered #2Lender: The Royal Bank of Scotland Commercial Services Limited
- 1989-03-23🔒Charge registered #1Lender: The Royal Bank of Scotland PLC
- 1988-07-12🏢Company incorporatedAs EUROPEAN TUBES LIMITED
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- -4 active directors: Broader management team in place — suggests transferable governance.
- +Long-tenure founder: Senior director has been in place 16 years — deep operational knowledge concentrated in one person.
- +Senior director age: Director aged approximately 63 — approaching natural succession window.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
No meaningful acquirability indicators from public data.
- primaryFamily succession underway: Not a takeover target — GRATTON, Ryan Kevin (same surname) appointed 2025-12-16. Pattern consistent with intra-family handover.
- primaryFounder aged 63+: Senior director is approximately 63. Approaching typical UK retirement age — succession thinking likely.
- secondary12+ year tenure: Director in role 16 years.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
cleanGroup structure
European Tubes Group 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 |
|---|---|---|---|---|
European Tubes Group Limited Corporate entity | 75–100% | — | 75-100% shares | 09/01/2017 |
1 historic (ceased) PSC
- Mr. Kevin Charles Grattonceased 09/01/2017· 25-50% shares · 25-50% voting · board control
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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8 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 (5 active · 1 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | A registered charge | — | 15/05/2017 | — | |
| outstanding | European Tubes Group European Tubes Group Limited | A registered charge | — | 03/02/2017 | — | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland Commercial Services Limited | Fixed and floating charge | 1 property | 11/10/2001 | — | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Debenture | 1 property | 23/03/1989 | 11/06/2011 |