CHELL INSTRUMENTS LIMITED

🌳Matureactive
02693453 · ltd · incorporated 1992-03-04
Investment thesis
Well-run mature business — low negotiation leverage; premium likely.
Why interesting: Textbook target; clean filings, stable trading.
Why risky: No pressure on seller; any deal likely at full price.
Opportunity decay
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
  • · Thesis: well-run, low negotiation leverage
🔒Estimated value
Upgrade to see
Turnover
not disclosed
Net worth
book net assets
Opportunity
79/100
Strong
🔔
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What this business does
Primary activity: SIC 28990
Sector: Manufacturing
Investor take
Pursue
Strong opportunity: active trading company with strong profile and acceptable with review structure.

Opportunity 79/100 (strong), bankability 67/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 5 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

8 live charges · 5 lenders · oldest 30.3y

35/100
too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

  • · Oldest live charge is 30.3 years old — likely at or near maturity.
  • · 5 lenders named — inter-creditor friction likely.
  • · Legal-friction score 30/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (60/100)

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

Company profile
address, 1 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
8 charges (8/8 with lender, 8/8 with type)
90
Directors & officers
15 officers (5 active, 15 linked, 9 with DOB)
82
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
12 connected companies via shared directors
81
Filing history
149 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
79/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
2
filings
  • 1 confirmation-statement
  • 1 officers
Counts from Companies House filing history.
Corporate timeline (57 events)Click to expand
  1. 2026-01-26
    📄
    change-person-director-company-with-change-date
    officers · CH01
  2. 2025-12-01
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  3. 2025-11-27
    🔒
    Charge registered #8
    Lender: Hsbc UK Bank PLC
  4. 2025-10-14
    📄
    accounts-with-accounts-type-small
    accounts · AA
  5. 2024-10-29
    📄
    accounts-with-accounts-type-small
    accounts · AA
  6. 2024-01-22
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  7. 2024-01-19
    CREEDON, Michael John resigned
    director
  8. 2023-12-08
    📄
    accounts-with-accounts-type-small
    accounts · AA
  9. 2023-10-04
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  10. 2023-09-29
    BROWN, Stephen Mark appointed
    director
  11. 2022-11-18
    📄
    accounts-with-accounts-type-small
    accounts · AA
  12. 2022-09-25
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  13. 2022-09-21
    ABELL, Jonathan Paul resigned
    director
  14. 2022-08-30
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  15. 2022-08-19
    SHARMA, Amitabh appointed
    director
  16. 2021-12-29
    📄
    memorandum-articles
    incorporation · MA
  17. 2021-11-15
    📄
    resolution
    resolution · RESOLUTIONS
  18. 2021-11-04
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  19. 2021-11-01
    🔒
    Charge registered #7
    Lender: Hsbc UK Bank PLC
  20. 2021-10-28
    📄
    accounts-with-accounts-type-small
    accounts · AA
  21. 2020-11-04
    📄
    accounts-with-accounts-type-small
    accounts · AA
  22. 2019-12-05
    📄
    change-account-reference-date-company-current-extended
    accounts · AA01
  23. 2019-12-04
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  24. 2019-12-03
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  25. 2019-11-29
    ABELL, Jonathan Paul appointed
    director
  26. 2019-11-29
    CREEDON, Michael John appointed
    director
  27. 2019-11-29
    MITCHELL, Adrian Roy resigned
    director
  28. 2019-11-29
    🔒
    Charge registered #6
    Lender: Hsbc UK Bank PLC
  29. 2019-11-29
    🔓
    Charge satisfied #5
  30. 2019-11-28
    🔓
    Charge satisfied #4
  31. 2019-09-16
    🔓
    Charge satisfied #2
  32. 2018-06-19
    SHANAHAN, Jamie Patrick appointed
    director
  33. 2015-03-31
    🔒
    Charge registered #5
    Lender: Barclays Bank PLC
  34. 2012-02-29
    GLOVER, Tracy Alison appointed
    secretary
  35. 2012-02-29
    MITCHELL, Adrian Roy resigned
    secretary
  36. 2012-02-29
    MITCHELL, Adrian Roy appointed
    director
  37. 2009-05-22
    🔓
    Charge satisfied #3
  38. 2008-06-04
    MITCHELL, Adrian Roy appointed
    secretary
  39. 2008-06-03
    GLOVER, Tracy Alison resigned
    secretary
  40. 2004-12-21
    🔒
    Charge registered #4
    Lender: Barclays Bank PLC
  41. 2004-12-21
    🔓
    Charge satisfied #1
  42. 2002-04-01
    GLOVER, Tracy Alison appointed
    secretary
  43. 2002-03-31
    CRESTA ASSOCIATES LTD resigned
    corporate-secretary
  44. 2001-06-01
    MAWDSLEY, David Lansdell resigned
    director
  45. 2001-05-29
    🔒
    Charge registered #3
    Lender: Mr A.R. Mitchell and Mrs J.L. Mitchell
  46. 2001-01-01
    BROADLEY, Nicholas John Francis appointed
    director
  47. 2001-01-01
    CRESTA ASSOCIATES LTD appointed
    corporate-secretary
  48. 2000-12-31
    MITCHELL, Judith Lindsay resigned
    secretary
  49. 2000-12-31
    MITCHELL, Adrian Roy resigned
    director
  50. 1998-07-08
    MAWDSLEY, David Lansdell appointed
    director
Showing most recent 50 of 57 events

Owner dependency

58/100
Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS
  • -4 active directors: Broader management team in place — suggests transferable governance.
  • +Long-tenure founder: Senior director has been in place 25 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 59 — 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 59. Early succession window.
  • primary20+ year tenure: Director in role 25 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 med ·
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

Sdi Group Plc is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Sdi Group Plc
Corporate parent · holds 75-100% shares · board control
ultimate parent
CHELL INSTRUMENTS LIMITED
This company · 02693453

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
Sdi Group Plc
Corporate entity
75100%
75–100%board control75-100% shares · 75-100% voting · board control29/11/2019
1 historic (ceased) PSC
  • Mr Adrian Roy Mitchellceased 29/11/2019· 75-100% shares · 75-100% voting

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
Incorporated1992-03-04
Jurisdictionengland-wales
Primary SIC28990 — SIC 28990

Registered office

Beacon House
Nuffield Road
Cambridge
CB4 1TF
England

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 (5 active · 10 resigned)

GLOVER, Tracy Alison
secretary · appointed 2012-02-29
View their other companies + combined net worth →
Active
BROADLEY, Nicholas John Francis
director · ~58y · appointed 2001-01-01
View their other companies + combined net worth →
Active
BROWN, Stephen Mark
director · ~53y · appointed 2023-09-29
View their other companies + combined net worth →
Active
SHANAHAN, Jamie Patrick
director · ~42y · appointed 2018-06-19
View their other companies + combined net worth →
Active
SHARMA, Amitabh
director · ~59y · appointed 2022-08-19
View their other companies + combined net worth →
Active
GLOVER, Tracy Alison
secretary · appointed 2002-04-01 · resigned 2008-06-03
Resigned
MITCHELL, Adrian Roy
secretary · appointed 2008-06-04 · resigned 2012-02-29
Resigned
MITCHELL, Judith Lindsay
secretary · appointed 1992-02-28 · resigned 2000-12-31
Resigned
CRESTA ASSOCIATES LTD
corporate-secretary · appointed 2001-01-01 · resigned 2002-03-31
Resigned
SWIFT INCORPORATIONS LIMITED
corporate-nominee-secretary · appointed 1992-02-28 · resigned 1992-03-04
Resigned
ABELL, Jonathan Paul
director · ~65y · appointed 2019-11-29 · resigned 2022-09-21
Resigned
CREEDON, Michael John
director · ~66y · appointed 2019-11-29 · resigned 2024-01-19
Resigned
MAWDSLEY, David Lansdell
director · ~80y · appointed 1998-07-08 · resigned 2001-06-01
Resigned
MITCHELL, Adrian Roy
director · ~80y · appointed 2012-02-29 · resigned 2019-11-29
Resigned
MITCHELL, Adrian Roy
director · ~80y · appointed 1992-02-28 · resigned 2000-12-31
Resigned

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

Mortgages & charges

8
Total charges
3
Outstanding
1
Active lenders
Status:Lender:8 of 8 shown
TypeProperties
outstanding
HSBC
Hsbc UK Bank PLC
A registered charge27/11/2025
outstanding
HSBC
Hsbc UK Bank PLC
A registered charge01/11/2021
outstanding
HSBC
Hsbc UK Bank PLC
A registered charge1 property29/11/2019
satisfied
Barclays
Barclays Bank PLC
A registered charge31/03/201529/11/2019
satisfied
Barclays
Barclays Bank PLC
Debenture1 property21/12/200428/11/2019
satisfied
Mr A.R. Mitchell and Mrs J.L. Mitchell
Single debenture1 property29/05/200122/05/2009
satisfied
Metropolitan Factors
Metropolitan Factors Limited
Charge1 property15/03/199616/09/2019
satisfied
Lloyds Banking Group
Lloyds Bank PLC
Single debenture1 property21/02/199621/12/2004
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (149 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-26
change-person-director-company-with-change-date
officers · CH01
2026-01-26
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-12-01
accounts-with-accounts-type-small
accounts · AA
2025-10-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-22
accounts-with-accounts-type-small
accounts · AA
2024-10-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-22
termination-director-company-with-name-termination-date
officers · TM01
2024-01-22
accounts-with-accounts-type-small
accounts · AA
2023-12-08
appoint-person-director-company-with-name-date
officers · AP01
2023-10-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-01-23
accounts-with-accounts-type-small
accounts · AA
2022-11-18
termination-director-company-with-name-termination-date
officers · TM01
2022-09-25
appoint-person-director-company-with-name-date
officers · AP01
2022-08-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-01-26