FLEXIFORM BUSINESS FURNITURE LIMITED

🌳Matureactive
02542123 · ltd · incorporated 1990-09-21
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
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Turnover
not disclosed
Net worth
book net assets
Opportunity
75/100
Strong
🔔
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What this business does
Primary activity: Manufacture of metal structures and parts of structures
Sector: Manufacturing
ALSO REGISTERED FOR
  • 31090Manufacture of other furniture
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 75/100 (strong), bankability 57/100. High owner-dependency — earn-out structure likely required for clean transition. Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: Consolidate lender relationships. 12 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (45/100).

🏦

Refinance opportunity

19 live charges · 12 lenders · oldest 35.6y

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 35.6 years old — likely at or near maturity.
  • · 12 lenders named — inter-creditor friction likely.
  • · Legal-friction score 55/100 (high).

Data confidence

Overall: medium (58/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, 2 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
19 charges (19/19 with lender, 19/19 with type)
90
Directors & officers
34 officers (4 active, 34 linked, 26 with DOB)
85
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
6 connected companies via shared directors
63
Filing history
362 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
75/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
85
Strong succession / seller-readiness signals.
Risk profile
59
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
5
filings
  • 3 capital
  • 1 insolvency
  • 1 resolution
Counts from Companies House filing history.
Corporate timeline (116 events)Click to expand
  1. 2026-01-29
    📄
    legacy
    capital · SH20
  2. 2026-01-29
    📄
    capital-statement-capital-company-with-date-currency-figure
    capital · SH19
  3. 2026-01-29
    ⚠️
    legacy
    insolvency · CAP-SS
  4. 2026-01-29
    📄
    resolution
    resolution · RESOLUTIONS
  5. 2026-01-29
    📄
    capital-alter-shares-redemption-statement-of-capital
    capital · SH02
  6. 2025-09-16
    📄
    capital-alter-shares-redemption-statement-of-capital
    capital · SH02
  7. 2025-09-11
    📄
    capital-alter-shares-redemption-statement-of-capital
    capital · SH02
  8. 2025-09-11
    📄
    capital-alter-shares-redemption-statement-of-capital
    capital · SH02
  9. 2025-09-11
    ⚠️
    legacy
    insolvency · CAP-SS
  10. 2025-09-11
    📄
    capital-statement-capital-company-with-date-currency-figure
    capital · SH19
  11. 2025-09-11
    📄
    legacy
    capital · SH20
  12. 2025-09-11
    📄
    resolution
    resolution · RESOLUTIONS
  13. 2025-09-11
    📄
    legacy
    capital · SH20
  14. 2025-09-11
    📄
    capital-statement-capital-company-with-date-currency-figure
    capital · SH19
  15. 2025-09-11
    ⚠️
    legacy
    insolvency · CAP-SS
  16. 2025-09-11
    📄
    resolution
    resolution · RESOLUTIONS
  17. 2025-09-09
    📄
    capital-statement-capital-company-with-date-currency-figure
    capital · SH19
  18. 2025-09-09
    📄
    resolution
    resolution · RESOLUTIONS
  19. 2025-09-09
    📄
    legacy
    capital · SH20
  20. 2025-09-09
    ⚠️
    legacy
    insolvency · CAP-SS
  21. 2025-09-02
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  22. 2025-06-16
    PEARCE, Tracey resigned
    director
  23. 2025-05-16
    📄
    accounts-with-accounts-type-full
    accounts · AA
  24. 2025-01-07
    📄
    capital-alter-shares-redemption-statement-of-capital
    capital · SH02
  25. 2025-01-07
    📄
    capital-statement-capital-company-with-date-currency-figure
    capital · SH19
  26. 2023-08-25
    PARRISH, Mark appointed
    director
  27. 2023-08-25
    PEARCE, Tracey appointed
    director
  28. 2020-05-15
    SAUNDERS, Nick Vincent resigned
    director
  29. 2020-01-15
    🔓
    Charge satisfied #15
  30. 2019-05-28
    🔓
    Charge satisfied #19
  31. 2018-04-19
    BOURDON, Richard Charles resigned
    director
  32. 2017-04-21
    🔓
    Charge satisfied #17
  33. 2016-08-18
    🔒
    Charge registered #19
    Lender: Lloyds Bank PLC
  34. 2016-05-24
    🔒
    Charge registered #18
    Lender: Lloyds Bank PLC
  35. 2016-02-04
    🔒
    Charge registered #17
    Lender: Lloyds Bank PLC
  36. 2013-01-22
    🔒
    Charge registered #16
    Lender: Durley Investment Corporation
  37. 2012-06-01
    🔓
    Charge satisfied #14
  38. 2012-06-01
    🔓
    Charge satisfied #13
  39. 2010-02-26
    BOURDON, Richard Charles appointed
    director
  40. 2010-02-25
    BOSWORTH, Richard Michael resigned
    director
  41. 2009-01-10
    🔓
    Charge satisfied #10
  42. 2007-01-18
    🔒
    Charge registered #15
    Lender: Business Design Centre Limited
  43. 2006-12-01
    BOSWORTH, Richard Michael appointed
    director
  44. 2006-09-28
    🔒
    Charge registered #14
    Lender: Partnership Investment Equity Fund LP
  45. 2006-09-28
    🔒
    Charge registered #13
    Lender: Partnership Investment Mezzanine Fund LP
  46. 2004-05-27
    🔓
    Charge satisfied #9
  47. 2004-05-27
    🔓
    Charge satisfied #8
  48. 2004-05-27
    🔓
    Charge satisfied #7
  49. 2004-05-27
    🔓
    Charge satisfied #6
  50. 2004-05-21
    DOWNS, James Andrew Abbotson appointed
    secretary
Showing most recent 50 of 116 events

Owner dependency

68/100
High — earn-out structure required

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

FACTORS
  • +Long-tenure founder: Senior director has been in place 24 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 61 — approaching natural succession window.

Succession & seller-readiness

60/100
Strong succession signal

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

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 61. Early succession window.
  • primary20+ year tenure: Director in role 24 years. Very long tenure is a classic succession signal.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

1 high · 1 med ·
4 insolvency-related filings on record
high

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

Evidence: 2026-01-29: legacy; 2025-09-11: legacy

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

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

🏛️
Info Supplier Limited
Corporate parent · holds 75-100% shares
ultimate parent
FLEXIFORM BUSINESS FURNITURE LIMITED
This company · 02542123

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
Info Supplier Limited
Corporate entity
75100%
75-100% shares06/04/2016

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 →

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

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 →
🔒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
Incorporated1990-09-21
Jurisdictionengland-wales
Primary SIC25110 — Manufacture of metal structures and parts of structures

Registered office

1st Floor 45, Gee Street
London
EC1V 3RS
England

Filing status

Accounts
Next due: 2026-05-31
Last made up to: 2024-08-31
Confirmation statement
Next due: 2026-08-25
Last: 2025-08-11

Officers (4 active · 30 resigned)

DOWNS, James Andrew Abbotson
secretary · appointed 2004-05-21
View their other companies + combined net worth →
Active
DOWNS, James Andrew Abbotson
director · ~61y · appointed 2003-01-01
View their other companies + combined net worth →
Active
HEWITT, Nicholas John
director · ~58y · appointed 2002-04-24
View their other companies + combined net worth →
Active
PARRISH, Mark
director · ~48y · appointed 2023-08-25
View their other companies + combined net worth →
Active
ANTRAM, Bernard Michael
secretary · resigned 1995-07-31
Resigned
ASH, Roderick Martin
secretary · appointed 1995-07-31 · resigned 2000-02-29
Resigned
DOWNS, James Andrew Abbotson
secretary · appointed 2001-03-16 · resigned 2003-07-15
Resigned
LAWTON, Kirsten
secretary · appointed 2000-02-29 · resigned 2000-09-20
Resigned
MCMELLON, Christopher John
secretary · appointed 2000-09-20 · resigned 2001-03-16
Resigned
CYBRUS LIMITED
corporate-secretary · appointed 2003-10-27 · resigned 2004-05-21
Resigned
MONTPELLIER GROUP NOMINEES LIMITED
corporate-secretary · appointed 2003-07-15 · resigned 2003-10-27
Resigned
ANTRAM, Bernard Michael
director · ~87y · resigned 1995-07-31
Resigned
ASH, Roderick Martin
director · ~69y · appointed 1994-07-01 · resigned 2000-02-29
Resigned
ASHTON, Geoffrey
director · ~70y · appointed 1997-04-08 · resigned 1999-02-24
Resigned
BOND, Gordon
director · ~85y · appointed 1998-03-14 · resigned 2001-03-20
Resigned
BONSEY, Colin Peter
director · ~80y · appointed 2001-11-09 · resigned 2003-12-31
Resigned
BORWICK, Luke Malise
director · ~79y · appointed 2002-02-11 · resigned 2003-11-05
Resigned
BOSWORTH, Richard Michael
director · ~79y · appointed 2006-12-01 · resigned 2010-02-25
Resigned
BOURDON, Richard Charles
director · ~75y · appointed 2010-02-26 · resigned 2018-04-19
Resigned
CURRAN, Hugh Anthony
director · ~72y · appointed 2001-03-15 · resigned 2002-02-11
Resigned

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

Mortgages & charges

19
Total charges
4
Outstanding
2
Active lenders
Status:Lender:19 of 19 shown
TypeProperties
satisfied
Lloyds Banking Group
Lloyds Bank PLC
A registered charge1 property18/08/201628/05/2019
outstanding
Lloyds Banking Group
Lloyds Bank PLC
A registered charge1 property24/05/2016
satisfied
Lloyds Banking Group
Lloyds Bank PLC
A registered charge1 property04/02/201621/04/2017
outstanding
Durley Investment Corporation
Rent deposit deed1 property22/01/2013
satisfied
Business Design Centre
Business Design Centre Limited
Deposit deed1 property18/01/200715/01/2020
satisfied
Partnership Investment Equity Fund LP
Debenture1 property28/09/200601/06/2012
satisfied
Partnership Investment Mezzanine Fund LP
Debenture1 property28/09/200601/06/2012
outstanding
Lloyds Banking Group
Lloyds Tsb Commercial Finance Limited
Chattel mortgage3 properties21/05/2004
outstanding
Lloyds Banking Group
Lloyds Tsb Commercial Finance Limited
All assets debenture1 property21/05/2004
satisfied
Bullough
Bullough Limited
Mortgage debenture1 property21/05/200410/01/2009
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Third party legal charge1 property06/01/200427/05/2004
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Debenture1 property04/12/200327/05/2004
satisfied
National Westminster Bank
National Westminster Bank PLC
Third party legal charge1 property12/05/200327/05/2004
satisfied
National Westminster Bank
National Westminster Bank PLC
Debenture1 property11/03/200227/05/2004
satisfied
Barclays
Barclays Bank PLC
Guarantee & debenture1 property24/06/199822/04/2002
satisfied
Lloyds Banking Group
Lloyds Bowmaker Limited
Fixed charge2 properties20/06/199609/02/1999
satisfied
Lloyds Banking Group
Lloyds Bowmaker Limited
Fixed charge1 property17/04/199609/02/1999
satisfied
Close Brothers
Close Brothers Limited
Credit agreement1 property20/07/199329/03/1995
satisfied
Lloyds Banking Group
Lloyds Bank PLC
Single debenture1 property24/10/199009/02/1999
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (362 total)

legacy
capital · SH20
2026-01-29
capital-statement-capital-company-with-date-currency-figure
capital · SH19
2026-01-29
legacy
insolvency · CAP-SS
2026-01-29
resolution
resolution · RESOLUTIONS
2026-01-29
capital-alter-shares-redemption-statement-of-capital
capital · SH02
2026-01-29
capital-alter-shares-redemption-statement-of-capital
capital · SH02
2025-09-16
capital-alter-shares-redemption-statement-of-capital
capital · SH02
2025-09-11
capital-alter-shares-redemption-statement-of-capital
capital · SH02
2025-09-11
legacy
insolvency · CAP-SS
2025-09-11
capital-statement-capital-company-with-date-currency-figure
capital · SH19
2025-09-11
legacy
capital · SH20
2025-09-11
resolution
resolution · RESOLUTIONS
2025-09-11
legacy
capital · SH20
2025-09-11
capital-statement-capital-company-with-date-currency-figure
capital · SH19
2025-09-11
legacy
insolvency · CAP-SS
2025-09-11