DURHAM BOX COMPANY LIMITED
Opportunity 74/100 (strong), bankability 57/100. 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: share sale to pe / searcher (50/100).
Refinance opportunity
5 live charges · 3 lenders · oldest 36.9y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 36.9 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Cashflow trend is negative — lender view likely cautious.
Data confidence
Overall: high (84/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
Solid opportunity signal. Worth a dedicated memo and management meeting.
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 |
|---|---|---|
| Total assets | £14.49M | £14.34M |
| Current assets | £8.93M | £9.70M |
| Cash | £2.28M | £4.15M |
| Debtors | £5.80M | £4.73M |
| Net assets | £10.48M | £11.23M |
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
Corporate timeline (41 events)Click to expand
- 2025-09-26📄accounts-with-accounts-type-mediumaccounts · AA
- 2024-11-14📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-11-14📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-11-07➕MCCONNELL, Daniel James appointeddirector
- 2024-11-07➖O'CALLAGHAN, Gerard Austin resigneddirector
- 2024-10-03📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-10-03🔒Charge registered #5Lender: Lombard North Central PLC
- 2024-09-16📄accounts-with-accounts-type-fullaccounts · AA
- 2024-08-21📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2023-08-22📄memorandum-articlesincorporation · MA
- 2023-08-22📄resolutionresolution · RESOLUTIONS
- 2023-07-12📄capital-name-of-class-of-sharescapital · SH08
- 2023-07-05📄change-person-director-company-with-change-dateofficers · CH01
- 2023-07-03📄change-account-reference-date-company-current-shortenedaccounts · AA01
- 2023-07-03📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-07-03📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-07-03📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-07-03📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-07-03📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-07-03📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-07-03📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2023-07-03📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2023-07-03📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2023-07-03📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2023-06-30➕RICHARDSON, David John appointeddirector
- 2023-06-30➖MORRIS, Susan Ann resignedsecretary
- 2023-06-30➖MORRIS, Daniel Christian resigneddirector
- 2023-06-30➖MORRIS, Michael John resigneddirector
- 2023-06-30➖MORRIS, Susan Ann resigneddirector
- 2023-06-30➕O'CALLAGHAN, Gerard Austin appointeddirector
- 2023-06-29📄accounts-with-accounts-type-fullaccounts · AA
- 2023-06-22🔓Charge satisfied #3
- 2018-04-19🔒Charge registered #4Lender: National Westminster Bank PLC
- 2014-11-19➕MORRIS, Daniel Christian appointeddirector
- 2014-11-19➕MORRIS, Daniel Christian appointeddirector
- 2000-11-30➖EAVES, Peter resigneddirector
- 1995-09-01🔒Charge registered #3Lender: Forward Trust Limited
- 1992-09-14➕EAVES, Peter appointeddirector
- 1990-05-25🔒Charge registered #2Lender: National Westminster Bank PLC
- 1989-07-17🔒Charge registered #1Lender: National Westminster Bank PLC
- 1989-04-20🏢Company incorporatedAs DURHAM BOX COMPANY LIMITED
Owner dependency
Some founder dependency, but not acute. A structured handover period should cover most risk.
Succession & seller-readiness
Limited succession signal. Not a near-term off-market candidate.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
cleanGroup structure
Logson Holdings Limited holds majority control (50-75%). Likely parent but not wholly-owned.
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Logson Holdings Limited Corporate entity | 50–75% | 50–75% | board control50-75% shares · 50-75% voting · board control | 30/06/2023 |
Mr Daniel Christian Morris Individual · British · DOB 07/1976 · age 50 | 25–50% | 25–50% | board control25-50% shares · 25-50% voting · board control | 06/04/2016 |
2 historic (ceased) PSCs
- Mr Michael John Morrisceased 30/06/2023· 25-50% shares · 25-50% voting · board control
- Mrs Susan Ann Morrisceased 30/06/2023· 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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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 (3 active · 6 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lombard North Central Lombard North Central PLC | A registered charge | 1 property | 03/10/2024 | — | |
| outstanding | National Westminster Bank National Westminster Bank PLC | A registered charge | 2 properties | 19/04/2018 | — | |
| satisfied | Forward Trust Forward Trust Limited | Chattels mortgage | 1 property | 01/09/1995 | 22/06/2023 | |
| outstanding | National Westminster Bank National Westminster Bank PLC | Legal mortgage | 1 property | 25/05/1990 | — | |
| outstanding | National Westminster Bank National Westminster Bank PLC | Mortgage debenture | 1 property | 17/07/1989 | — |