PERTH (UK) LIMITED
Opportunity 79/100 (strong), bankability 75/100. Strong seller-intent signal (80/100, director aged 63). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -38% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (73/100).
Refinance opportunity
3 live charges · 2 lenders · oldest 26.0y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 26.0 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (78/100)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 · accounting standard not declaredKey financials
2 years extracted from filed iXBRL accountsHover 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 | £3.97M | £4.68M |
| Current assets | £891.6k | — |
| Cash | £851.5k | £1.38M |
| Debtors | £40.2k | — |
| Net assets | £3.36M | £3.39M |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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
- • 1 confirmation-statement
- • 1 confirmation-statement
Corporate timeline (34 events)Click to expand
- 2026-01-09📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-03-31📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-08-23📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-07-24📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-08-02📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-03-04📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2021-11-08📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-08-12📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2021-08-12📄termination-director-company-with-name-termination-dateofficers · TM01
- 2021-06-16➖MILES, Jonathan resignedsecretary
- 2021-06-16➖MILES, Jonathan resigneddirector
- 2021-03-04📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2021-03-01🔒Charge registered #3Lender: Oaknorth Bank PLC
- 2020-11-28📄mortgage-satisfy-charge-fullmortgage · MR04
- 2020-11-28🔓Charge satisfied #2
- 2020-07-02📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-08-01📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-07-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-07-03📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2005-05-12➖BRACHERS LIMITED resignedcorporate-secretary
- 2003-09-03➕MILES, Jonathan appointedsecretary
- 2000-10-14🔓Charge satisfied #1
- 2000-09-28🔒Charge registered #2Lender: Lloyds Tsb Bank PLC
- 2000-07-31🔒Charge registered #1Lender: Lloyds Tsb Bank PLC
- 2000-06-06➕MILES, Christine Jane appointeddirector
- 2000-06-06➖MILES, Simon David resignedsecretary
- 2000-06-06➕BRACHERS LIMITED appointedcorporate-secretary
- 2000-06-06➖MILES, Simon David resigneddirector
- 1996-05-15🏢Company incorporatedAs PERTH (UK) LIMITED
- 1996-05-15➕MILES, Simon David appointedsecretary
- 1996-05-15➕SWIFT INCORPORATIONS LIMITED appointedcorporate-nominee-secretary
- 1996-05-15➖SWIFT INCORPORATIONS LIMITED resignedcorporate-nominee-secretary
- 1996-05-15➕MILES, Jonathan appointeddirector
- 1996-05-15➕MILES, Simon David appointeddirector
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Sole director: Only one active director — all governance concentrated on one person.
- +Long-tenure founder: Senior director has been in place 26 years — deep operational knowledge concentrated in one person.
- +Senior director age: Director aged approximately 63 — approaching natural succession window.
Succession & seller-readiness
Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
- primaryFounder aged 63+: Senior director is approximately 63. Approaching typical UK retirement age — succession thinking likely.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- primary20+ year tenure: Director in role 26 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 30 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 ·Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mrs Christine Jane Miles Individual · British · DOB 05/1963 · age 63 | 75–100% | 75–100% | 75-100% shares · 75-100% voting | 06/04/2016 |
1 historic (ceased) PSC
- Mr Jonathan Milesceased 07/02/2022· 75-100% shares · 75-100% voting
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
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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 →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 · 6 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | OakNorth Oaknorth Bank PLC | A registered charge | 1 property | 01/03/2021 | — | |
| satisfied | Lloyds Banking Group Lloyds Tsb Bank PLC | Debenture | 1 property | 28/09/2000 | 28/11/2020 | |
| satisfied | Lloyds Banking Group Lloyds Tsb Bank PLC | Debenture | 1 property | 31/07/2000 | 14/10/2000 |