CHAIRS LIMITED

🌳Matureactive

02714841 · ltd · incorporated 1992-05-14

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

—

Upgrade to see

Turnover

£51.96M

year to Sept 2025

Net worth

—

book net assets

Opportunity

80/100

Exceptional

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What this business does

Primary activity: Wholesale of household goods (other than musical instruments) n.e.c.

Sector: Wholesale & retail

Investor take

Pursue

Active trading company with a 80-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 67/100. Strong seller-intent signal (73/100, director aged 80). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 4 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 · 4 lenders · oldest 33.8y

25/100

too messy

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

· Oldest live charge is 33.8 years old — likely at or near maturity.
· 4 lenders named — inter-creditor friction likely.
· Legal-friction score 35/100 — workable, but lender will want more DD.
· Not currently profitable — coverage conversation is a harder sell.

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

Lenders & charges

8 charges (8/8 with lender, 8/8 with type)

Directors & officers

7 officers (6 active, 7 linked, 5 with DOB)

Ownership & PSC

1 active PSC(s) of 1 total, 1 with control declared

Director network

4 connected companies via shared directors

Filing history

119 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

🔒Estimated company valuation

Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.

Available from the Pro tier upwards.

See pricing →

Opportunity Score

80/100Exceptional

PassWatchWorth a lookStrongExceptional

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

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102

Loss-making

Loss before tax £7,246,651

Turnover YoY

+4%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

—

Current Assets

—

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102

Metric	2025-09-30	2024-09-30
Turnover	£51.96M	£49.95M
Gross profit	£20.32M	£18.83M
Operating profit	£-7.39M	£-471.6k
Profit before tax	£-7.25M	£-93.5k
Average employees	16500	17500

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

🔒Filing-note intelligence

3 signals 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

filing

• 1 accounts

Last 90 days

filings

• 1 accounts
• 1 confirmation-statement

Last 180 days

filings

• 1 accounts
• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (42 events)Click to expand

2026-06-25
📄
accounts-with-accounts-type-full
accounts · AA
2025-06-23
📄
accounts-with-accounts-type-full
accounts · AA
2024-06-27
📄
accounts-with-accounts-type-full
accounts · AA
2024-05-09
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2024-05-09
📄
change-person-director-company-with-change-date
officers · CH01
2024-05-09
📄
change-person-director-company-with-change-date
officers · CH01
2024-02-13
📄
change-person-director-company-with-change-date
officers · CH01
2024-02-13
📄
change-person-director-company-with-change-date
officers · CH01
2023-08-14
📄
mortgage-satisfy-charge-full
mortgage · MR04
2023-08-14
🔓
Charge satisfied #1
2023-06-19
📄
accounts-with-accounts-type-full
accounts · AA
2022-06-21
📄
accounts-with-accounts-type-full
accounts · AA
2021-06-11
📄
accounts-with-accounts-type-full
accounts · AA
2021-02-22
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2020-07-07
📄
accounts-with-accounts-type-full
accounts · AA
2019-12-23
📄
appoint-person-director-company-with-name-date
officers · AP01
2019-12-23
📄
appoint-person-director-company-with-name-date
officers · AP01
2019-12-23
📄
appoint-person-director-company-with-name-date
officers · AP01
2019-12-16
➕
BOVINGDON, Claudia appointed
director
2019-12-16
➕
BOVINGDON, Daniel appointed
director
2019-12-16
➕
BOVINGDON-BRYANT, Faye appointed
director
2019-08-27
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2018-08-16
➕
MURPHY, Kathleen appointed
secretary
2018-08-16
➖
GUNN, Sandra resigned
secretary
2017-01-11
🔓
Charge satisfied #6
2015-07-31
🔓
Charge satisfied #8
2014-08-12
🔓
Charge satisfied #3
2011-05-28
🔓
Charge satisfied #5
2011-04-05
🔓
Charge satisfied #4
2010-03-01
🔒
Charge registered #7
Lender: Diane Wendy Rhodes Bovingdon & David Bovingdon
2010-03-01
🔒
Charge registered #6
Lender: The Trustees of the Chairs Limited Directors Pension Scheme
2010-02-24
🔒
Charge registered #8
Lender: The Trustees of the Chairs Limited Directors Pension Scheme
2006-04-05
🔒
Charge registered #5
Lender: David Bovingdon and Diane Wendy Bovingdon and Barnett Waddingham Trustees Limited
2005-10-28
🔓
Charge satisfied #2
2004-08-13
🔒
Charge registered #4
Lender: David Bovingdon and Diane Wendy Bovingdon and Barnett Waddingham Trustees Limited
2004-04-30
🔒
Charge registered #3
Lender: Yorkshire Bank PLC
1992-10-01
🔒
Charge registered #2
Lender: Yorkshire Bank PLC
1992-09-16
🔒
Charge registered #1
Lender: Yorkshire Bank PLC
1992-05-18
➕
BOVINGDON, David appointed
director
1992-05-18
➕
BOVINGDON, Diane Wendy appointed
director
1992-05-18
➕
GUNN, Sandra appointed
secretary
1992-05-14
🏢
Company incorporated
As CHAIRS LIMITED

Owner dependency

73/100

High — earn-out structure required

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

FACTORS

-5 active directors: Broader management team in place — suggests transferable governance.
+Long-tenure founder: Senior director has been in place 34 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 80 — succession pressure is live.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

90/100

Likely off-market candidate

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

SIGNALS

primaryFounder aged 70+: Senior director is approximately 80 years old. Natural succession window is now.
primary20+ year tenure: Director in role 34 years. Very long tenure is a classic succession signal.
secondaryStable-but-static management: Company is 34 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

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

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

🏛️

Simonstone Estate Limited

Corporate parent · holds 75-100% shares · board control

ultimate parent

⬇

CHAIRS LIMITED

This company · 02714841

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
Simonstone Estate Limited Corporate entity	75–100%	75–100%	board control75-100% shares · 75-100% voting · board control · firm interest	01/05/2016

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 →

Similar companies

Active · Wholesale & distribution · BB postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
CASA FURNITURE CONSULTANCY LTD→ 15957380 · est 2024 · no financials extracted	—	—	—	—	1y	—	—
CHEEMA VEG LTD→ 13221898 · est 2021 · no financials extracted	—	—	—	—	5y	—	—
CHLOE RYDING LIMITED→ 11531431 · est 2018 · no financials extracted	—	—	—	—	7y	—	—
CHOUDRYS STORE LIMITED→ 14704462 · est 2023 · no financials extracted	—	—	—	—	3y	—	—
CHRISTOPHER THOMAS FURNITURE WHOLESALE LTD→ 15792787 · est 2024 · no financials extracted	—	—	—	—	1y	—	—
CIDER CITY LTD→ 17058478 · est 2026 · no financials extracted	—	—	—	—	—	—	—
CLASSIC SHIRTINGS LIMITED→ 03003644 · est 1994 · no financials extracted	—	—	—	—	31y	—	—
CLASSIC STEEL STOCKHOLDING LIMITED→ 03324223 · est 1997 · no financials extracted	—	—	—	—	29y	—	—
CLEAR DEAL LTD→ 16676547 · est 2025 · no financials extracted	—	—	—	—	—	—	—
CLEARANCE FACTOR LIMITED→ 10831179 · est 2017 · no financials extracted	—	—	—	—	8y	—	—
CLEAREARSBYLEW LIMITED→ 16677638 · est 2025 · no financials extracted	—	—	—	—	—	—	—
CLIFF CROOK & SONS (BLACKBURN) LIMITED→ 04512137 · est 2002 · no financials extracted	—	—	—	—	23y	—	—

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

Incorporated1992-05-14

Jurisdictionengland-wales

Primary SIC46499 — Wholesale of household goods (other than musical instruments) n.e.c.

Registered office

Metcalf Drive

Altham Industrial Estate Altham

Accrington

Lancashire

BB5 5TU

England

Filing status

Accounts

Next due: 2027-06-30

Last made up to: 2025-09-30

Confirmation statement

Next due: 2027-05-14

Last: 2026-04-30