MITRAS AUTOMOTIVE (UK) LIMITED
- 22290SIC 22290
- 32990Other manufacturing n.e.c.
Opportunity 73/100 (strong), bankability 67/100. High owner-dependency — earn-out structure likely required for clean transition. 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 (58/100).
Refinance opportunity
9 live charges · 4 lenders · oldest 31.7y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 31.7 years old — likely at or near maturity.
- · 4 lenders named — inter-creditor friction likely.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (70/100)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.
Signals from accounts
Derived from iXBRL accounts · FRS 102Key financials
1 year extracted from filed iXBRL accountsFinancials
Extracted from Companies House accounts · FRS 102| Metric | 2025-12-31 |
|---|---|
| Profit before tax | £-734.4k |
| Average employees | 160 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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
- • 1 accounts
Corporate timeline (86 events)Click to expand
- 2026-03-06📄accounts-with-accounts-type-fullaccounts · AA
- 2025-04-09📄accounts-with-accounts-type-mediumaccounts · AA
- 2024-12-05📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-11-30➖WALLIS, Christian Ernst resigneddirector
- 2024-09-16📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-09-03➕EUSTACE, Stuart appointeddirector
- 2024-08-30➖WILLIAMS, Cheryl Lindy resignedsecretary
- 2024-08-30➖WILLIAMS, Cheryl Lindy resigneddirector
- 2024-08-30📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2024-08-30📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-07-23📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-07-16➖BEDDOES, Dean resigneddirector
- 2024-03-18📄accounts-with-accounts-type-fullaccounts · AA
- 2024-02-15📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-02-09➕WALLIS, Christian Ernst appointeddirector
- 2023-03-07📄accounts-with-accounts-type-fullaccounts · AA
- 2022-03-15📄accounts-with-accounts-type-fullaccounts · AA
- 2021-10-11📄appoint-person-director-company-with-name-dateofficers · AP01
- 2021-10-04➕WILLIAMS, Cheryl Lindy appointeddirector
- 2021-10-04📄mortgage-satisfy-charge-fullmortgage · MR04
- 2021-10-04📄mortgage-satisfy-charge-fullmortgage · MR04
- 2021-10-04🔓Charge satisfied #9
- 2021-10-04🔓Charge satisfied #8
- 2021-03-18📄accounts-with-accounts-type-fullaccounts · AA
- 2020-03-04➕BEDDOES, Dean appointeddirector
- 2020-03-04➖WORRALL, Keith, Managing Director resigneddirector
- 2020-03-04📄appoint-person-director-company-with-name-dateofficers · AP01
- 2020-03-04📄termination-director-company-with-name-termination-dateofficers · TM01
- 2020-03-03📄accounts-with-accounts-type-fullaccounts · AA
- 2019-08-12➕WILLIAMS, Cheryl Lindy appointedsecretary
- 2019-05-24➖MORTIMORE, Joanne resignedsecretary
- 2018-08-31🔒Charge registered #9Lender: Hsbc Equipment Finance (UK) Limited
- 2018-08-31🔒Charge registered #8Lender: Hsbc Equipment Finance (UK) LTD
- 2018-08-21➕MORTIMORE, Joanne appointedsecretary
- 2018-03-14➖PENNINGTON, Alan Paul resigneddirector
- 2018-03-14➕WORRALL, Keith, Managing Director appointeddirector
- 2017-06-02➖MONTAGUE, David Andrew resigneddirector
- 2017-03-31➖RYCROFT, Andrew resignedsecretary
- 2017-03-31➖RYCROFT, Andrew resigneddirector
- 2017-02-27➖ALVAREZ GARCIA, Cesar Jose resigneddirector
- 2017-02-27➖FOLGER, Werner resigneddirector
- 2017-02-27➕PENNINGTON, Alan Paul appointeddirector
- 2016-06-10➖GOODIER, Andrew Robert resigneddirector
- 2016-03-21🔒Charge registered #7Lender: Hsbc Bank PLC
- 2016-02-03🔓Charge satisfied #5
- 2016-02-03🔓Charge satisfied #4
- 2016-02-03🔓Charge satisfied #3
- 2016-02-03🔓Charge satisfied #2
- 2016-02-03🔓Charge satisfied #1
- 2016-01-19🔒Charge registered #6Lender: Hsbc Bank PLC
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
Some succession indicators present. Worth watching; approach if sector/strategy fits.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
Red flags
1 med ·Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
Senata 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 |
|---|---|---|---|---|
Senata Gmbh Corporate entity | 75–100% | 75–100% | board controlsig. influence75-100% shares · 75-100% voting · board control · significant influence · firm interest | 06/04/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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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 →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 · 25 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | HSBC Hsbc Equipment Finance (UK) Limited | A registered charge | 1 property | 31/08/2018 | 04/10/2021 | |
| satisfied | HSBC Hsbc Equipment Finance (UK) LTD | A registered charge | — | 31/08/2018 | 04/10/2021 | |
| outstanding | HSBC Hsbc Bank PLC | A registered charge | 2 properties | 21/03/2016 | — | |
| outstanding | HSBC Hsbc Bank PLC | A registered charge | 1 property | 19/01/2016 | — | |
| satisfied | Barclays Barclays Bank PLC | Fixed & floating charge | 1 property | 29/03/2011 | 03/02/2016 | |
| satisfied | Barclays Barclays Bank PLC | Legal charge | 1 property | 24/01/2002 | 03/02/2016 | |
| satisfied | Barclays Barclays Bank PLC | Debenture | 1 property | 06/03/1998 | 03/02/2016 | |
| satisfied | Barclays Barclays Bank PLC | Chattel mortgage | 1 property | 06/03/1998 | 03/02/2016 | |
| satisfied | Barclays Barclays Bank PLC | Debenture | 1 property | 10/10/1994 | 03/02/2016 |