ALT BERG LIMITED
Opportunity 73/100 (strong), bankability 85/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (58/100).
Refinance opportunity
3 live charges · oldest 34.4y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 34.4 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (77/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredKey financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Total assets | £3.17M | £2.04M |
| Current assets | £3.80M | £2.56M |
| Cash | £2.97M | £1.90M |
| Debtors | £711.3k | £528.3k |
| Net assets | £3.14M | £2.03M |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
1 signal 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
Corporate timeline (34 events)Click to expand
- 2025-10-15📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2025-10-15📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2025-09-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-09-01➕SHEEHAN, Joseph appointedsecretary
- 2025-09-01➖SHEEHAN, Angela resignedsecretary
- 2025-01-08📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-12-31➖SHEEHAN, Tara May resigneddirector
- 2024-09-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-09-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-11-03📄second-filing-of-director-appointment-with-nameofficers · RP04AP01
- 2022-09-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-09-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-02-03📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2020-09-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-10-01📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-09-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-09-14➖SHEEHAN, Angela resigneddirector
- 2018-09-14➖SHEEHAN, Michael Joseph resigneddirector
- 2018-09-14📄termination-director-company-with-name-termination-dateofficers · TM01
- 2018-09-14📄termination-director-company-with-name-termination-dateofficers · TM01
- 2017-09-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2016-01-01➕SHEEHAN, Joseph appointeddirector
- 2016-01-01➕SHEEHAN, Tara May appointeddirector
- 2011-09-17🔓Charge satisfied #3
- 2011-09-17🔓Charge satisfied #2
- 2011-09-17🔓Charge satisfied #1
- 1997-02-04🔒Charge registered #3Lender: Barclays Bank PLC
- 1997-02-03🔒Charge registered #2Lender: Barclays Bank PLC
- 1996-07-22➖JACKSON, Andrew George resigneddirector
- 1995-03-29➕JACKSON, Andrew George appointeddirector
- 1992-10-01➖SHEEHAN, Michael Joseph resignedsecretary
- 1992-10-01➖MARSHALL, Peter resigneddirector
- 1992-02-01🔒Charge registered #1Lender: Barclays Bank PLC
- 1990-11-28🏢Company incorporatedAs ALT BERG LIMITED
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +Sole director: Only one active director — all governance concentrated on one person.
Succession & seller-readiness
Some succession indicators present. Worth watching; approach if sector/strategy fits.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
1 med ·Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
Alt Berg Holdings 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
2 active beneficial owners · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Alt Berg Holdings Limited Corporate entity | 75–100% | 75–100% | 75-100% shares · 75-100% voting | 30/06/2016 |
Mr Michael Joseph Sheehan Individual · British · DOB 11/1947 · age 79 | — | — | sig. influencesignificant influence | 30/06/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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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 (2 active · 7 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Barclays Barclays Bank PLC | Legal charge | 1 property | 04/02/1997 | 17/09/2011 | |
| satisfied | Barclays Barclays Bank PLC | Legal charge | 1 property | 03/02/1997 | 17/09/2011 | |
| satisfied | Barclays Barclays Bank PLC | Debenture | 1 property | 01/02/1992 | 17/09/2011 |