FLYING FIRKIN DISTRIBUTION LIMITED

🌳Matureactive

03007425 · ltd · incorporated 1995-01-09

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

approaching window · 12-months

Approaching a transaction window — refinance or sale event plausible in the next 12 months.

· Oldest live charge 31.2y old — refinance window within 12 months

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Apr 2025

Net worth

£-282.3k

book net assets

Opportunity

79/100

Strong

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch

What this business does

Primary activity: SIC 46342

Sector: Wholesale & retail

Investor take

Pass (distressed without resilience)

Distressed active trading company — structural issues outweigh the discount.

Opportunity 79/100 (strong), bankability 85/100. Strong seller-intent signal (68/100, director aged 66). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

1 live charge · oldest 31.2y

85/100

ready

Refinance conversation should be productive — structure clean and timing right.

· Oldest live charge is 31.2 years old — likely at or near maturity.
· Single lender — cleanest path to refinance.
· Legal-friction score 20/100 — clean.

Data confidence

Overall: high (82/100)

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

1 charges (1/1 with lender, 1/1 with type)

Directors & officers

16 officers (2 active, 16 linked, 11 with DOB)

Ownership & PSC

1 active PSC(s) of 3 total, 3 with control declared

Director network

10 connected companies via shared directors

Filing history

121 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

79/100Strong

PassWatchWorth a lookStrongExceptional

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

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 · accounting standard not declared

Negative net assets

Liabilities exceed assets by £282,297

Cash YoY

+1244%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£29k

↑ 1244% YoY

Net Worth

-£282k

↓ 17% YoY

Current Assets

£40k

↑ 166% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2025-04-30	2024-04-30
Total assets	£-100.0k	£-47.7k
Current assets	£39.8k	£15.0k
Cash	£29.4k	£2.2k
Debtors	£10.4k	£12.8k
Net assets	£-282.3k	£-242.2k

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

filings

Last 90 days

filings

Last 180 days

filings

• 1 accounts
• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (52 events)Click to expand

2026-01-29
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-01-30
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-01-25
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-01-31
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-01-12
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-07-21
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2021-06-24
➖
BATES, Nina Diane resigned
secretary
2021-06-24
➖
BATES, Nina Diane resigned
director
2021-06-24
📄
termination-director-company-with-name-termination-date
officers · TM01
2021-06-24
📄
termination-secretary-company-with-name-termination-date
officers · TM02
2020-10-08
📄
change-person-director-company-with-change-date
officers · CH01
2020-10-08
📄
change-person-director-company-with-change-date
officers · CH01
2020-10-08
📄
appoint-person-secretary-company-with-name-date
officers · AP03
2020-10-07
➕
BATES, Nina Diane appointed
secretary
2020-10-01
📄
change-person-director-company-with-change-date
officers · CH01
2020-09-26
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2020-09-26
📄
appoint-person-director-company-with-name-date
officers · AP01
2020-09-26
📄
appoint-person-director-company-with-name-date
officers · AP01
2020-09-25
➕
MICHALUK, Gerald Robert Gilmer appointed
director
2020-09-25
➕
MICHALUK, Veronica appointed
director
2020-09-25
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2020-09-25
📄
termination-director-company-with-name-termination-date
officers · TM01
2020-09-25
📄
termination-director-company-with-name-termination-date
officers · TM01
2020-09-25
📄
termination-secretary-company-with-name-termination-date
officers · TM02
2020-09-24
➖
KNOX, Sara resigned
secretary
2020-09-24
➖
CALDER, James Matthew resigned
director
2020-09-24
➖
HART, John Blair resigned
director
2020-09-24
➖
HUGHES, Anthony John resigned
director
2019-11-12
➕
HUGHES, Anthony John appointed
director
2019-11-12
➖
MICHALUK, Gerald Robert Gilmer resigned
director
2019-07-01
➕
CALDER, James Matthew appointed
director
2019-06-28
➖
BENNER, Michael Peter resigned
director
2019-05-08
➕
MICHALUK, Gerald Robert Gilmer appointed
director
2019-04-30
➖
STAFFORD, Nicholas Rowland resigned
director
2017-12-01
➕
KNOX, Sara appointed
secretary
2017-12-01
➖
STAFFORD, Martin John resigned
secretary
2017-12-01
➕
BENNER, Michael Peter appointed
director
2017-12-01
➕
HART, John Blair appointed
director
2017-12-01
➖
STAFFORD, Jacqueline Frances resigned
director
2017-12-01
➖
STAFFORD, Martin John resigned
director
2017-12-01
➕
STAFFORD, Nicholas Rowland appointed
director
2015-01-20
🔓
Charge satisfied #1
2000-08-31
➕
BATES, Nina Diane appointed
director
1995-03-23
🔒
Charge registered #1
Lender: Barclays Bank PLC
1995-01-23
➖
HARRISON, Irene Lesley resigned
nominee-secretary
1995-01-23
➕
STAFFORD, Martin John appointed
secretary
1995-01-23
➕
STAFFORD, Jacqueline Frances appointed
director
1995-01-23
➕
STAFFORD, Martin John appointed
director
1995-01-23
➖
BUSINESS INFORMATION RESEARCH & REPORTING LIMITED resigned
corporate-nominee-director
1995-01-09
🏢
Company incorporated
As FLYING FIRKIN DISTRIBUTION LIMITED

Showing most recent 50 of 52 events

Owner dependency

81/100

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

+Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
+Founder age: Director aged approximately 66 — succession pressure is live.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

66/100

Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS

primaryFounder aged 63+: Senior director is approximately 66. Approaching typical UK retirement age — succession thinking likely.
secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
secondaryStable-but-static management: Company is 31 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

clean

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

Shareholders & ownership

1 active beneficial owner

Name	Shares	Voting rights	Nature of control	Notified
Mr Gerald Robert Michaluk Individual · British · DOB 02/1960 · age 66	—	—	sig. influencesignificant influence	25/09/2020

2 historic (ceased) PSCs

Siba Commercial Services Ltdceased 24/09/2020· 50-75% shares · 50-75% voting · board control
Ms Nina Diane Batesceased 02/01/2018· 50-75% 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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AHMU LTD→ 15750752 · est 2024 · no financials extracted	—	—	—	—	1y	—	—
ALNES LIFE LTD→ 16923200 · est 2025 · no financials extracted	—	—	—	—	—	—	—
ASHBURN STOVES LIMITED→ 08382637 · est 2013 · no financials extracted	—	—	—	—	13y	—	—
ASTRO.JEWELLERY. LTD→ 15862185 · est 2024 · no financials extracted	—	—	—	—	1y	—	—
ATTENT AMBAS LIMITED→ 11005705 · est 2017 · no financials extracted	—	—	—	—	8y	—	—
AVER CORPORATE CLOTHING LTD→ 11658681 · est 2018 · no financials extracted	—	—	—	—	7y	—	—
AWAAN WHOLESALE MARKET LTD→ 16389994 · est 2025 · no financials extracted	—	—	—	—	1y	—	—
AYE KAY LTD→ 12719745 · est 2020 · no financials extracted	—	—	—	—	5y	—	—
AYRAMEHMOOD LIMITED→ 16918052 · est 2025 · no financials extracted	—	—	—	—	—	—	—
AZAAD TRADING LTD→ 16789852 · est 2025 · no financials extracted	—	—	—	—	—	—	—

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

Incorporated1995-01-09

Jurisdictionengland-wales

Primary SIC46342 — SIC 46342

Registered office

William Street Works

William Street

Accrington

BB5 6DT

England

Filing status

Accounts

Next due: 2027-01-31

Last made up to: 2025-04-30

Confirmation statement

Next due: 2027-02-01

Last: 2026-01-18

Officers (2 active · 14 resigned)

MICHALUK, Gerald Robert Gilmer→

director · ~66y · appointed 2020-09-25

View their other companies + combined net worth →

Active

MICHALUK, Veronica→

director · ~37y · appointed 2020-09-25

View their other companies + combined net worth →

Active

BATES, Nina Diane→

secretary · appointed 2020-10-07 · resigned 2021-06-24

Resigned

HARRISON, Irene Lesley→

nominee-secretary · appointed 1995-01-09 · resigned 1995-01-23

Resigned

KNOX, Sara→

secretary · appointed 2017-12-01 · resigned 2020-09-24

Resigned

STAFFORD, Martin John→

secretary · appointed 1995-01-23 · resigned 2017-12-01

Resigned

BATES, Nina Diane→

director · ~54y · appointed 2000-08-31 · resigned 2021-06-24

Resigned

BENNER, Michael Peter→

director · ~60y · appointed 2017-12-01 · resigned 2019-06-28

Resigned

CALDER, James Matthew→

director · ~37y · appointed 2019-07-01 · resigned 2020-09-24

Resigned

HART, John Blair→

director · ~70y · appointed 2017-12-01 · resigned 2020-09-24

Resigned

HUGHES, Anthony John→

director · ~57y · appointed 2019-11-12 · resigned 2020-09-24

Resigned

MICHALUK, Gerald Robert Gilmer→

director · ~66y · appointed 2019-05-08 · resigned 2019-11-12

Resigned

STAFFORD, Jacqueline Frances→

director · ~68y · appointed 1995-01-23 · resigned 2017-12-01

Resigned

STAFFORD, Martin John→

director · ~72y · appointed 1995-01-23 · resigned 2017-12-01

Resigned

STAFFORD, Nicholas Rowland→

director · ~68y · appointed 2017-12-01 · resigned 2019-04-30

Resigned

BUSINESS INFORMATION RESEARCH & REPORTING LIMITED→

corporate-nominee-director · appointed 1995-01-09 · resigned 1995-01-23

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:1 of 1 shown

			Type	Properties
	satisfied	Barclays Barclays Bank PLC	Debenture	1 property	23/03/1995	20/01/2015

Recent filings (121 total)

accounts-with-accounts-type-total-exemption-full

accounts · AA

2026-01-29

confirmation-statement-with-no-updates

confirmation-statement · CS01

2026-01-28

confirmation-statement-with-no-updates

confirmation-statement · CS01

2025-02-01

accounts-with-accounts-type-total-exemption-full

accounts · AA

2025-01-30

confirmation-statement-with-no-updates

confirmation-statement · CS01

2024-01-25

accounts-with-accounts-type-total-exemption-full

accounts · AA

2024-01-25

accounts-with-accounts-type-total-exemption-full

accounts · AA

2023-01-31

confirmation-statement-with-no-updates

confirmation-statement · CS01

2023-01-21

confirmation-statement-with-updates

confirmation-statement · CS01

2022-01-18

accounts-with-accounts-type-total-exemption-full

accounts · AA

2022-01-12

confirmation-statement-with-no-updates

confirmation-statement · CS01

2021-08-03

change-registered-office-address-company-with-date-old-address-new-address

address · AD01

2021-07-21

termination-director-company-with-name-termination-date

officers · TM01

2021-06-24

termination-secretary-company-with-name-termination-date

officers · TM02

2021-06-24

change-person-director-company-with-change-date

officers · CH01

2020-10-08