THE FULFILMENT WAREHOUSE LIMITED
Opportunity 78/100 (strong), bankability 67/100. Strong seller-intent signal (73/100, director aged 66). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).
Refinance opportunity
4 live charges · 3 lenders · oldest 27.4y
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 27.4 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Legal-friction score 35/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (79/100)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 | 2026-02-28 | 2025-02-28 |
|---|---|---|
| Total assets | £348.8k | £317.4k |
| Current assets | £508.4k | £504.4k |
| Net assets | £302.6k | £252.5k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
Recent activity
- • 4 persons-with-significant-control
- • 1 confirmation-statement
- • 1 accounts
- • 4 persons-with-significant-control
- • 1 confirmation-statement
- • 1 accounts
Corporate timeline (49 events)Click to expand
- 2026-06-17📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2026-06-10📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC05
- 2026-05-29📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2026-05-28📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2026-04-28📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2025-11-25📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-11-29📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-07-15📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-05-15📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2024-05-15📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2024-05-15📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-05-15📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-05-13➕WHITING, Elizabeth appointeddirector
- 2023-11-17📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-08-31➖ORCHARD, John Michael resigneddirector
- 2022-11-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-01-22📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2021-11-26📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-06-17📄termination-director-company-with-name-termination-dateofficers · TM01
- 2021-06-04➖MULLIS, Raymond Michael resigneddirector
- 2021-02-16📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2016-11-01➕STREET, Sarah appointeddirector
- 2016-05-27➕WHITING, Craig Sullivan appointeddirector
- 2016-05-27➖JOHNSTON, David Geoffrey resigneddirector
- 2016-05-27➕MULLIS, Raymond Michael appointeddirector
- 2016-05-27➕ORCHARD, John Michael appointeddirector
- 2015-07-27🔓Charge satisfied #4
- 2015-07-24🔓Charge satisfied #2
- 2015-07-08➖STREET, Sarah resigneddirector
- 2014-03-27➖ADAMSON, Steven Mark resignedsecretary
- 2014-03-27➖ADAMSON, Steven Mark resigneddirector
- 2014-03-24➕STREET, Sarah appointeddirector
- 2008-07-28➕ADAMSON, Steven Mark appointeddirector
- 2007-09-21🔒Charge registered #4Lender: Lloyds Tsb Bank PLC
- 2007-08-25🔓Charge satisfied #1
- 2007-06-11🔒Charge registered #3Lender: Lloyds Tsb Commercial Finance Limited
- 2005-10-10🔒Charge registered #2Lender: Lloyds Tsb Bank PLC
- 2001-02-02➕ADAMSON, Steven Mark appointedsecretary
- 2001-02-02➖WELLS, Claire resignedsecretary
- 2001-02-02➖WELLS, Claire resigneddirector
- 1999-03-15🔒Charge registered #1Lender: Lloyds Bank PLC
- 1998-12-02🏢Company incorporatedAs THE FULFILMENT WAREHOUSE LIMITED
- 1998-12-02➕WELLS, Claire appointedsecretary
- 1998-12-02➕TEMPLE SECRETARIES LIMITED appointedcorporate-nominee-secretary
- 1998-12-02➖TEMPLE SECRETARIES LIMITED resignedcorporate-nominee-secretary
- 1998-12-02➕JOHNSTON, David Geoffrey appointeddirector
- 1998-12-02➕WELLS, Claire appointeddirector
- 1998-12-02➕COMPANY DIRECTORS LIMITED appointedcorporate-nominee-director
- 1998-12-02➖COMPANY DIRECTORS LIMITED resignedcorporate-nominee-director
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +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
Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.
- primaryFounder aged 63+: Senior director is approximately 66. Approaching typical UK retirement age — succession thinking likely.
- 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.
Group structure
Alpha Response Print & Mail Ltd 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 |
|---|---|---|---|---|
Alpha Response Print & Mail Ltd Corporate entity | 75–100% | 75–100% | 75-100% shares · 75-100% voting | 28/04/2026 |
2 historic (ceased) PSCs
- Mr Craig Sullivan Whitingceased 28/04/2026· 25-50% shares
- Mr John Micheal Orchardceased 31/08/2023· 25-50% shares
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 (3 active · 10 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Lloyds Banking Group Lloyds Tsb Bank PLC | Mortgage | 1 property | 21/09/2007 | 27/07/2015 | |
| outstanding | Lloyds Banking Group Lloyds Tsb Commercial Finance Limited | All assets debenture | 1 property | 11/06/2007 | — | |
| satisfied | Lloyds Banking Group Lloyds Tsb Bank PLC | Debenture | 1 property | 10/10/2005 | 24/07/2015 | |
| satisfied | Lloyds Banking Group Lloyds Bank PLC | Mortgage | 1 property | 15/03/1999 | 25/08/2007 |