CABLE GRIPS (MINEHEAD) LIMITED
Opportunity 75/100 (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
1 live charge · oldest 14.6y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 14.6 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (78/100)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.
Key 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 |
|---|---|---|
| Average employees | 1200 | 1100 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
Recent activity
Corporate timeline (29 events)Click to expand
- 2025-08-12📄accounts-with-accounts-type-smallaccounts · AA
- 2024-09-30📄accounts-with-accounts-type-smallaccounts · AA
- 2024-09-08📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-09-08🔓Charge satisfied #1
- 2023-12-12📄accounts-with-accounts-type-smallaccounts · AA
- 2022-09-20📄accounts-with-accounts-type-smallaccounts · AA
- 2021-12-20📄accounts-with-accounts-type-smallaccounts · AA
- 2020-11-13📄accounts-with-accounts-type-smallaccounts · AA
- 2019-06-13📄accounts-with-accounts-type-smallaccounts · AA
- 2018-06-13📄accounts-with-accounts-type-smallaccounts · AA
- 2017-06-13📄accounts-with-accounts-type-fullaccounts · AA
- 2016-04-20📄change-account-reference-date-company-current-extendedaccounts · AA01
- 2015-12-19📄accounts-with-accounts-type-smallaccounts · AA
- 2015-12-03📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2015-11-02📄termination-director-company-with-name-termination-dateofficers · TM01
- 2015-10-31➖BAUER, Werner resigneddirector
- 2015-10-29📄appoint-person-director-company-with-name-dateofficers · AP01
- 2015-10-28➕STAEHR, Christian appointeddirector
- 2014-10-16➖WOODS, Roger James resignedsecretary
- 2011-12-01🔒Charge registered #1Lender: National Westminster Bank PLC
- 2007-07-28➕WOODS, Roger James appointedsecretary
- 2007-07-27➖DAVIS, Alan Richard resignedsecretary
- 1995-11-25➖CIELKER, Werner resigneddirector
- 1993-09-01➕BAUER, Werner appointeddirector
- 1993-08-31➖SHOREY, Louis William resigneddirector
- 1992-12-10➕CIELKER, Werner appointeddirector
- 1992-12-10➖DAVIS, Alan Richard resigneddirector
- 1992-12-10➖HILL, Keith William resigneddirector
- 1990-12-11🏢Company incorporatedAs CABLE GRIPS (MINEHEAD) 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
Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- 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
cleanGroup structure
Katimex Cielker Gmbh 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 |
|---|---|---|---|---|
Katimex Cielker Gmbh Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 06/04/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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| CENTRAL NAIL & BEAUTY LTD→ 16252912 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| CERATEX ENGINEERING LIMITED→ 03102060 · est 1995 · no financials extracted | — | — | — | — | 30y | — | — |
| CF FENCING LTD→ 07766166 · est 2011 · no financials extracted | — | — | — | — | 14y | — | — |
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 (1 active · 7 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | National Westminster Bank National Westminster Bank PLC | Legal charge | 1 property | 01/12/2011 | 08/09/2024 |