ARMADA ENGINEERING LIMITED

🌳Matureactive
02454710 · ltd · incorporated 1989-12-21
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 Dec 2024
Net worth
£1.04M
book net assets
Opportunity
64/100
Worth a look
🔔
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What this business does
Primary activity: SIC 33150
Sector: Manufacturing
ALSO REGISTERED FOR
  • 46690Wholesale of other machinery and equipment
Investor take
Special-situation opportunity
Distressed manufacturing with salvageable qualities — special-situations priority.

Opportunity 64/100 (worth a look), bankability 42/100. Strong seller-intent signal (63/100, director aged 68). Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: asset disposal / carve-out (45/100). Current lenders should be on monthly review.

🏦

Refinance opportunity

8 live charges · 4 lenders · oldest 33.8y

25/100
too messy

Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.

  • · Oldest live charge is 33.8 years old — likely at or near maturity.
  • · 4 lenders named — inter-creditor friction likely.
  • · Legal-friction score 60/100 (high).

Data confidence

Overall: high (81/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile
address, 2 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
15 officers (3 active, 15 linked, 13 with DOB)
87
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
4 connected companies via shared directors
57
Filing history
176 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
64/100Worth a look
PassWatchWorth a lookStrongExceptional 

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality
50
Adequate — check latest filings for context.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
51
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £1,039,351
Cash YoY
+135%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£77k
↑ 135% YoY
Net Worth
£1.0m
↑ 17% YoY
Current Assets
—
Current Liabilities
—
£0£208k£416k£624k£831k£1.0mDec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-12-312023-12-31
Cash£77.4k£32.9k
Net assets£1.04M£887.9k

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
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (55 events)Click to expand
  1. 2025-08-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-07-16
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  3. 2024-07-16
    🔓
    Charge satisfied #3
  4. 2024-06-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2023-04-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2022-06-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2022-04-07
    📄
    change-person-director-company-with-change-date
    officers · CH01
  8. 2021-04-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2020-05-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2020-04-24
    📄
    change-person-director-company
    officers · CH01
  11. 2019-08-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2018-08-24
    📄
    capital-statement-capital-company-with-date-currency-figure
    capital · SH19
  13. 2018-08-24
    📄
    legacy
    capital · SH20
  14. 2018-08-24
    ⚠️
    legacy
    insolvency · CAP-SS
  15. 2018-08-24
    📄
    resolution
    resolution · RESOLUTIONS
  16. 2018-08-06
    ⚠️
    liquidation-voluntary-arrangement-completion
    insolvency · CVA4
  17. 2018-06-18
    📄
    capital-name-of-class-of-shares
    capital · SH08
  18. 2018-05-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  19. 2017-11-14
    🔓
    Charge satisfied #8
  20. 2017-11-13
    ➕
    POOLEY, Lisa Jane appointed
    director
  21. 2017-11-13
    ➕
    TREGARTHEN, Neil appointed
    director
  22. 2017-11-13
    ➖
    WHITEHOUSE, Desmond resigned
    secretary
  23. 2017-11-13
    ➖
    DOWNTON, Mark Wayne resigned
    director
  24. 2017-11-13
    ➖
    WHITEHOUSE, Desmond resigned
    director
  25. 2017-06-01
    ➕
    DOWNTON, Mark Wayne appointed
    director
  26. 2017-05-18
    ➖
    DOWNTON, Mark Wayne resigned
    director
  27. 2017-04-10
    🔒
    Charge registered #8
    Lender: Newbery Metals Limited (00563681)
  28. 2015-09-01
    ➕
    COLLINS, Jonathan Keith appointed
    director
  29. 2015-09-01
    ➖
    DONEY, Martin John resigned
    director
  30. 2014-06-23
    🔓
    Charge satisfied #7
  31. 2012-04-01
    ➖
    ROWE, Alan resigned
    director
  32. 2012-04-01
    ➖
    TONKIN, Michael resigned
    director
  33. 2012-04-01
    ➖
    WRIGHT, Damon Thomas resigned
    director
  34. 2012-03-16
    🔓
    Charge satisfied #4
  35. 2012-03-16
    🔓
    Charge satisfied #2
  36. 2011-07-01
    🔒
    Charge registered #7
    Lender: National Westminster Bank PLC
  37. 2007-07-26
    🔒
    Charge registered #6
    Lender: Barclays Bank PLC
  38. 2007-06-20
    🔒
    Charge registered #5
    Lender: Barclays Bank PLC
  39. 2006-04-01
    ➕
    ROWE, Alan appointed
    director
  40. 2006-04-01
    ➕
    TONKIN, Michael appointed
    director
  41. 2004-07-27
    🔒
    Charge registered #4
    Lender: National Westminster Bank PLC
  42. 2004-07-06
    ➖
    LOVELL, Richard John resigned
    director
  43. 2003-12-01
    ➖
    DOWNTON, Jane Victoria resigned
    director
  44. 2003-12-01
    ➖
    WHITEHOUSE, Catherine Mary resigned
    director
  45. 2003-11-11
    🔒
    Charge registered #3
    Lender: Royal Bank of Scotland Commercial Services Limited
  46. 2003-07-15
    ➕
    DONEY, Martin John appointed
    director
  47. 2003-07-15
    ➕
    WRIGHT, Damon Thomas appointed
    director
  48. 1995-12-16
    🔓
    Charge satisfied #1
  49. 1995-09-18
    ➕
    DOWNTON, Jane Victoria appointed
    director
  50. 1995-09-18
    ➕
    WHITEHOUSE, Catherine Mary appointed
    director
Showing most recent 50 of 55 events

Owner dependency

65/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Founder age: Director aged approximately 68 — succession pressure is live.

Succession & seller-readiness

65/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 68. Approaching typical UK retirement age — succession thinking likely.
  • secondaryStable-but-static management: Company is 36 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 high · 2 med ·
2 insolvency-related filings on record
high

Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.

Evidence: 2018-08-24: legacy; 2018-08-06: liquidation-voluntary-arrangement-completion

Has insolvency history
medium

Companies House flags prior insolvency events. Review the insolvency filings for context.

Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Group structure

Bungula Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Bungula Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
⬇
ARMADA ENGINEERING LIMITED
This company · 02454710

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%
NameSharesVoting rightsNature of controlNotified
Bungula Limited
Corporate entity
75–100%
75–100%board control75-100% shares · 75-100% voting · board control13/11/2017
1 historic (ceased) PSC
  • Armada Group (Int) Limitedceased 13/11/2017· 75-100% shares

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 →

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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
Incorporated1989-12-21
Jurisdictionengland-wales
Primary SIC33150 — SIC 33150

Registered office

Unit 3 Bickland Industrial Park
Falmouth
Cornwall
TR11 4TA
England

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-12-26
Last: 2025-12-12

Officers (3 active · 12 resigned)

COLLINS, Jonathan Keith→
director · ~60y · appointed 2015-09-01
View their other companies + combined net worth →
Active
POOLEY, Lisa Jane→
director · ~53y · appointed 2017-11-13
View their other companies + combined net worth →
Active
TREGARTHEN, Neil→
director · ~68y · appointed 2017-11-13
View their other companies + combined net worth →
Active
MITCHELL, Elizabeth Mary→
secretary · resigned 1995-01-26
Resigned
WHITEHOUSE, Desmond→
secretary · appointed 1995-01-26 · resigned 2017-11-13
Resigned
DONEY, Martin John→
director · ~74y · appointed 2003-07-15 · resigned 2015-09-01
Resigned
DOWNTON, Jane Victoria→
director · ~64y · appointed 1995-09-18 · resigned 2003-12-01
Resigned
DOWNTON, Mark Wayne→
director · ~66y · appointed 2017-06-01 · resigned 2017-11-13
Resigned
DOWNTON, Mark Wayne→
director · ~66y · resigned 2017-05-18
Resigned
LOVELL, Richard John→
director · ~66y · resigned 2004-07-06
Resigned
ROWE, Alan→
director · ~71y · appointed 2006-04-01 · resigned 2012-04-01
Resigned
TONKIN, Michael→
director · ~72y · appointed 2006-04-01 · resigned 2012-04-01
Resigned
WHITEHOUSE, Catherine Mary→
director · ~64y · appointed 1995-09-18 · resigned 2003-12-01
Resigned
WHITEHOUSE, Desmond→
director · ~65y · resigned 2017-11-13
Resigned
WRIGHT, Damon Thomas→
director · ~62y · appointed 2003-07-15 · resigned 2012-04-01
Resigned

Click a director name to see their full track record across all companies.

Mortgages & charges

8
Total charges
2
Outstanding
1
Active lenders
Status:Lender:8 of 8 shown
TypeProperties
satisfied
Newbery Metals (00563681)
Newbery Metals Limited (00563681)
A registered charge1 property10/04/201714/11/2017
satisfied
National Westminster Bank
National Westminster Bank PLC
Debenture1 property01/07/201123/06/2014
outstanding
Barclays
Barclays Bank PLC
Legal charge1 property26/07/2007—
outstanding
Barclays
Barclays Bank PLC
Debenture1 property20/06/2007—
satisfied
National Westminster Bank
National Westminster Bank PLC
Legal charge1 property27/07/200416/03/2012
satisfied
Lloyds Banking Group
Royal Bank of Scotland Commercial Services Limited
Fixed and floating charge1 property11/11/200316/07/2024
satisfied
National Westminster Bank
National Westminster Bank PLC
Mortgage debenture1 property28/01/199516/03/2012
satisfied
Barclays
Barclays Bank PLC
Debenture1 property11/08/199216/12/1995
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (176 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-12-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-08-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-14
mortgage-satisfy-charge-full
mortgage · MR04
2024-07-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-06-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-12-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-04-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-12-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-06-29
change-person-director-company-with-change-date
officers · CH01
2022-04-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-12-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-04-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-12-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-05-13
change-person-director-company
officers · CH01
2020-04-24