A.G. RUTTER LIMITED

💤Zombieactive
02644078 · ltd · incorporated 1991-09-09
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Apr 2025
Net worth
£-15.9k
book net assets
Opportunity
82/100
Exceptional
🔔
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What this business does
Primary activity: Retail sale of carpets, rugs, wall and floor coverings in specialised stores
Sector: Wholesale & retail
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 82/100 (exceptional), bankability 75/100. Strong seller-intent signal (70/100, director aged 61). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 2 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 30.2y

30/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 30.2 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: high (80/100)

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

Company profile
address, 1 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
6 officers (1 active, 6 linked, 2 with DOB)
77
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
8 connected companies via shared directors
69
Filing history
107 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
82/100Exceptional
PassWatchWorth a lookStrongExceptional 

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Negative net assets
Liabilities exceed assets by £15,873
Cash YoY
+10%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£110k
↑ 9.8% YoY
Net Worth
-£16k
↓ 110% YoY
Current Assets
£456k
↑ 20% YoY
Current Liabilities
—
-£16k£79k£173k£267k£362k£456kApr 2024Apr 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-04-302024-04-30
Total assets£93.6k£99.9k
Current assets£456.3k£381.2k
Cash£110.1k£100.3k
Debtors£306.1k£230.9k
Net assets£-15.9k£-7.6k

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

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

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 (29 events)Click to expand
  1. 2025-12-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-12-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-01-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-12-18
    📄
    resolution
    resolution · RESOLUTIONS
  5. 2023-12-12
    📄
    capital-name-of-class-of-shares
    capital · SH08
  6. 2023-12-12
    📄
    capital-variation-of-rights-attached-to-shares
    capital · SH10
  7. 2023-12-12
    📄
    capital-variation-of-rights-attached-to-shares
    capital · SH10
  8. 2023-01-03
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2022-04-05
    📄
    resolution
    resolution · RESOLUTIONS
  10. 2022-04-05
    📄
    capital-name-of-class-of-shares
    capital · SH08
  11. 2022-04-04
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  12. 2022-04-04
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  13. 2022-01-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2020-12-03
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2020-01-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2019-01-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2017-08-08
    ➖
    JOHNSTON, Crystelle Sheila resigned
    secretary
  18. 2007-02-06
    ➕
    JOHNSTON, Crystelle Sheila appointed
    secretary
  19. 2007-02-06
    ➖
    RUTTER, Leanne Michelle resigned
    secretary
  20. 1998-10-12
    🔒
    Charge registered #2
    Lender: National Westminster Bank PLC
  21. 1996-03-27
    🔒
    Charge registered #1
    Lender: Barclays Bank PLC
  22. 1992-09-25
    ➖
    RUTTER, Leonne Michelle resigned
    secretary
  23. 1992-09-25
    ➖
    RUTTER, Leonne Michelle resigned
    director
  24. 1991-09-09
    🏢
    Company incorporated
    As A.G. RUTTER LIMITED
  25. 1991-09-09
    ➕
    RUTTER, Andrew Graham appointed
    director
  26. 1991-09-09
    ➕
    RUTTER, Leonne Michelle appointed
    secretary
  27. 1991-09-09
    ➕
    SWIFT INCORPORATIONS LIMITED appointed
    corporate-nominee-secretary
  28. 1991-09-09
    ➖
    SWIFT INCORPORATIONS LIMITED resigned
    corporate-nominee-secretary
  29. 1991-09-09
    ➕
    RUTTER, Leonne Michelle appointed
    director

Owner dependency

100/100
Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +Founder name in company name: Company name contains director surname "RUTTER" — strong identity link between founder and business.
  • +Long-tenure founder: Senior director has been in place 35 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 61 — approaching natural succession window.

Succession & seller-readiness

85/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 61. Early succession window.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • primary20+ year tenure: Director in role 35 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 35 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

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Group structure

A.G. Rutter (Holdings) Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
A.G. Rutter (Holdings) Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
⬇
A.G. RUTTER LIMITED
This company · 02644078

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
A.G. Rutter (Holdings) Limited
Corporate entity
75–100%
75–100%board control75-100% shares · 75-100% voting · board control11/03/2022
1 historic (ceased) PSC
  • Mr Andrew Graham Rutterceased 11/03/2022· 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

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 →
🔒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
Incorporated1991-09-09
Jurisdictionengland-wales
Primary SIC47530 — Retail sale of carpets, rugs, wall and floor coverings in specialised stores

Registered office

48 Fitzherbert Road
Farlington
Portsmouth
Hampshire
PO6 1RU

Filing status

Accounts
Next due: 2027-01-31
Last made up to: 2025-04-30
Confirmation statement
Next due: 2027-02-05
Last: 2026-01-22

Officers (1 active · 5 resigned)

RUTTER, Andrew Graham→
director · ~61y · appointed 1991-09-09
View their other companies + combined net worth →
Active
JOHNSTON, Crystelle Sheila→
secretary · appointed 2007-02-06 · resigned 2017-08-08
Resigned
RUTTER, Leanne Michelle→
secretary · resigned 2007-02-06
Resigned
RUTTER, Leonne Michelle→
secretary · appointed 1991-09-09 · resigned 1992-09-25
Resigned
SWIFT INCORPORATIONS LIMITED→
corporate-nominee-secretary · appointed 1991-09-09 · resigned 1991-09-09
Resigned
RUTTER, Leonne Michelle→
director · ~59y · appointed 1991-09-09 · resigned 1992-09-25
Resigned

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

Mortgages & charges

2
Total charges
2
Outstanding
2
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
National Westminster Bank
National Westminster Bank PLC
Mortgage debenture1 property12/10/1998—
outstanding
Barclays
Barclays Bank PLC
Debenture1 property27/03/1996—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (107 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2026-01-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-12
confirmation-statement-with-updates
confirmation-statement · CS01
2025-02-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-01-24
resolution
resolution · RESOLUTIONS
2023-12-18
capital-name-of-class-of-shares
capital · SH08
2023-12-12
capital-variation-of-rights-attached-to-shares
capital · SH10
2023-12-12
capital-variation-of-rights-attached-to-shares
capital · SH10
2023-12-12
confirmation-statement-with-updates
confirmation-statement · CS01
2023-02-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-01-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-01-03
resolution
resolution · RESOLUTIONS
2022-04-05
capital-name-of-class-of-shares
capital · SH08
2022-04-05