M & I MATERIALS LIMITED
📉Decliningactive
02772838 · ltd · incorporated 1992-12-11
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.
Opportunity decay
drifting distress · 6-months
Drifting toward distress — expect more negotiability in 3–6 months, but also more friction.
- · Lifecycle stage drifting downward
- · Currently "declining"
🔒Estimated value
—
Upgrade to see
Turnover
£17.20M
year to Mar 2025
Net worth
—
book net assets
Opportunity
78/100
Strong
What this business does
Primary activity: SIC 20590
Sector: Manufacturing
ALSO REGISTERED FOR
- 23440SIC 23440
- 25990SIC 25990
Investor take
PursueConservative operator with a 61-year-old founder — textbook succession opportunity.
Opportunity 78/100 (strong), bankability 77/100. Strong seller-intent signal (65/100, director aged 61). 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 (85/100).
🏦
Refinance opportunity
7 live charges · 4 lenders · oldest 33.4y
45/100
clean up first
Refinance viable after a tidy-up — address the highlighted items first.
- · Oldest live charge is 33.4 years old — likely at or near maturity.
- · 4 lenders named — inter-creditor friction likely.
- · Legal-friction score 33/100 — workable, but lender will want more DD.
- · Profitable and stable/growing — lender coverage supportable.
Data confidence
Overall: high (80/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
Company profile
address, 3 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
7 charges (7/7 with lender, 7/7 with type)
90
Directors & officers
11 officers (2 active, 11 linked, 7 with DOB)
83
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
4 connected companies via shared directors
57
Filing history
127 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒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
78/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 102Profitable
Profit before tax £539,307
Revenue decline
Turnover down 77% YoY
Turned profitable
Returned to profit this year
Turnover YoY
-77%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
—
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 | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Turnover | £17.20M | £73.74M |
| Gross profit | £6.51M | £24.38M |
| Operating profit | £569.1k | £-20.56M |
| Profit before tax | £539.3k | £-20.52M |
| Average employees | 13100 | 16600 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
2 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
0
filings
Last 90 days
0
filings
Last 180 days
1
filing
- • 1 address
Counts from Companies House filing history.
Corporate timeline (53 events)Click to expand
- 2026-02-25📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2025-12-19📄accounts-with-accounts-type-fullaccounts · AA
- 2025-03-27📄accounts-with-accounts-type-fullaccounts · AA
- 2025-02-03📄second-filing-of-confirmation-statement-with-made-up-dateconfirmation-statement · RP04CS01
- 2025-01-24📄second-filing-of-confirmation-statement-with-made-up-dateconfirmation-statement · RP04CS01
- 2024-10-03📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-09-30➖SHEARD, Stephen Philip resigneddirector
- 2024-09-24➕BURNS, Stephen Ronald appointeddirector
- 2024-09-24📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-06-19📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2024-05-30📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-05-29📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-05-08➖SALT-MELIS, Ellen Christina Maria resignedsecretary
- 2024-05-08➖SALT, Colin John resigneddirector
- 2024-05-08➖SALT-MELIS, Ellen Christina Maria resigneddirector
- 2024-03-19📄accounts-with-accounts-type-groupaccounts · AA
- 2023-12-14📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2023-12-14📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2023-11-22📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-11-22📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-11-22🔓Charge satisfied #7
- 2023-11-22🔓Charge satisfied #5
- 2022-12-23📄accounts-with-accounts-type-groupaccounts · AA
- 2021-12-21📄accounts-with-accounts-type-groupaccounts · AA
- 2020-12-30📄accounts-with-accounts-type-groupaccounts · AA
- 2015-08-07➕SALT, Giles John appointeddirector
- 2015-08-07➕SALT-MELIS, Ellen Christina Maria appointeddirector
- 2015-08-07➕SHEARD, Stephen Philip appointeddirector
- 2015-08-04🔓Charge satisfied #6
- 2014-05-20🔒Charge registered #7Lender: Hsbc Bank PLC
- 2004-09-02🔓Charge satisfied #4
- 2004-06-09🔓Charge satisfied #2
- 1998-03-18🔒Charge registered #6Lender: Midland Bank PLC
- 1998-02-25🔒Charge registered #5Lender: Midland Bank PLC
- 1996-06-24🔓Charge satisfied #1
- 1996-01-11🔒Charge registered #4Lender: Midland Bank PLC
- 1994-02-24🔓Charge satisfied #3
- 1993-04-02🔒Charge registered #3Lender: Midland Bank PLC
- 1993-02-26🔒Charge registered #2Lender: Gec Alsthom Limited
- 1993-02-26🔒Charge registered #1Lender: Causeway Invoice Discounting Company Limited
- 1993-02-15➖DENHAM, Neil Llewellyn resigneddirector
- 1993-02-15➖WATTS, Michelle Law resigneddirector
- 1993-01-25➕SALT-MELIS, Ellen Christina Maria appointedsecretary
- 1993-01-25➖WATTS, Michelle Law resignedsecretary
- 1993-01-11➕SALT, Colin John appointeddirector
- 1993-01-05➕WATTS, Michelle Law appointedsecretary
- 1993-01-05➖SWIFT INCORPORATIONS LIMITED resignedcorporate-nominee-secretary
- 1993-01-05➕DENHAM, Neil Llewellyn appointeddirector
- 1993-01-05➕WATTS, Michelle Law appointeddirector
- 1993-01-05➖INSTANT COMPANIES LIMITED resignedcorporate-nominee-director
Showing most recent 50 of 53 events
Owner dependency
66/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Senior director age: Director aged approximately 61 — approaching natural succession window.
Succession & seller-readiness
51/100
Moderate signalSome succession indicators present. Worth watching; approach if sector/strategy fits.
SIGNALS
- secondaryFounder aged 58+: Senior director is approximately 61. Early succession window.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- 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
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
M&I Materials Holdings Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
M&I Materials Holdings Limited
Corporate parent · holds 75-100% shares · board control
⬇
M & I MATERIALS LIMITED
This company · 02772838
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 |
|---|---|---|---|---|
M&I Materials Holdings Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 11/12/2023 |
1 historic (ceased) PSC
- Mr Colin John Saltceased 11/12/2023· 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 →Similar companies
Active · Manufacturing · M postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| B. LUFT LIMITED→ 04879744 · est 2003 · no financials extracted | — | — | — | — | 22y | — | — |
| BESPOKE HOME INTERIOR DESIGN LIMITED→ 09004008 · est 2014 · no financials extracted | — | — | — | — | 11y | — | — |
| BEST VIEW FITTING LIMITED→ 16010482 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| BEVISUAL MULTIMEDIA LTD→ 14488107 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| BG COMET LIMITED→ 05166911 · est 2004 · no financials extracted | — | — | — | — | 21y | — | — |
| BICYCLE GARAGE LTD→ 10833586 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| BIGDREAMBUILDING LIMITED→ 16910978 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| BINA FASHION LIMITED→ 11641311 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| BIODATA LIMITED→ 01107155 · est 1973 · no financials extracted | — | — | — | — | 53y | — | — |
| BIOGAS TECHNOLOGY LIMITED→ 02323287 · est 1988 · no financials extracted | — | — | — | — | 37y | — | — |
| BIOLIN SCIENTIFIC LIMITED→ 01747218 · est 1983 · no financials extracted | — | — | — | — | 42y | — | — |
| BIOSIMAX LIFESCIENCES LTD→ 15398353 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
6 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
Incorporated1992-12-11
Jurisdictionengland-wales
Primary SIC20590 — SIC 20590
Registered office
Unit 2 Centenary Park
Coronet Way
Salford
M50 1RE
England
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-01-23
Last: 2026-01-09
Officers (2 active · 9 resigned)
BURNS, Stephen Ronald→
Activedirector · ~61y · appointed 2024-09-24
View their other companies + combined net worth →
SALT, Giles John→
Activedirector · ~57y · appointed 2015-08-07
View their other companies + combined net worth →
SALT-MELIS, Ellen Christina Maria→
Resignedsecretary · appointed 1993-01-25 · resigned 2024-05-08
WATTS, Michelle Law→
Resignedsecretary · appointed 1993-01-05 · resigned 1993-01-25
SWIFT INCORPORATIONS LIMITED→
Resignedcorporate-nominee-secretary · appointed 1992-12-11 · resigned 1993-01-05
DENHAM, Neil Llewellyn→
Resigneddirector · ~60y · appointed 1993-01-05 · resigned 1993-02-15
SALT, Colin John→
Resigneddirector · ~84y · appointed 1993-01-11 · resigned 2024-05-08
SALT-MELIS, Ellen Christina Maria→
Resigneddirector · ~82y · appointed 2015-08-07 · resigned 2024-05-08
SHEARD, Stephen Philip→
Resigneddirector · ~70y · appointed 2015-08-07 · resigned 2024-09-30
WATTS, Michelle Law→
Resigneddirector · ~67y · appointed 1993-01-05 · resigned 1993-02-15
INSTANT COMPANIES LIMITED→
Resignedcorporate-nominee-director · appointed 1992-12-11 · resigned 1993-01-05
Click a director name to see their full track record across all companies.
Mortgages & charges
7
Total charges
0
Outstanding
0
Active lenders
Status:Lender:7 of 7 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | HSBC Hsbc Bank PLC | A registered charge | 1 property | 20/05/2014 | 22/11/2023 | |
| satisfied | Midland Bank Midland Bank PLC | Deed of assignment of keyman life policy | 1 property | 18/03/1998 | 04/08/2015 | |
| satisfied | Midland Bank Midland Bank PLC | Debenture | 1 property | 25/02/1998 | 22/11/2023 | |
| satisfied | Midland Bank Midland Bank PLC | Fixed and floating charge | 2 properties | 11/01/1996 | 02/09/2004 | |
| satisfied | Midland Bank Midland Bank PLC | Fixed and floating charge | 1 property | 02/04/1993 | 24/02/1994 | |
| satisfied | Gec Alsthom Gec Alsthom Limited | Debenture | 1 property | 26/02/1993 | 09/06/2004 | |
| satisfied | Causeway Invoice Discounting Company Causeway Invoice Discounting Company Limited | Debenture | 1 property | 26/02/1993 | 24/06/1996 |
Recent filings (127 total)
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-02-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-12
accounts-with-accounts-type-full
accounts · AA
2025-12-19
accounts-with-accounts-type-full
accounts · AA
2025-03-27
second-filing-of-confirmation-statement-with-made-up-date
confirmation-statement · RP04CS01
2025-02-03
second-filing-of-confirmation-statement-with-made-up-date
confirmation-statement · RP04CS01
2025-01-24
confirmation-statement-with-updates
confirmation-statement · CS01
2025-01-21
termination-director-company-with-name-termination-date
officers · TM01
2024-10-03
appoint-person-director-company-with-name-date
officers · AP01
2024-09-24
termination-secretary-company-with-name-termination-date
officers · TM02
2024-06-19
termination-director-company-with-name-termination-date
officers · TM01
2024-05-30
termination-director-company-with-name-termination-date
officers · TM01
2024-05-29
accounts-with-accounts-type-group
accounts · AA
2024-03-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-19
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-12-14