ANTRON LEATHERS LIMITED
💤Zombieactive
03680342 · ltd · incorporated 1998-12-08
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
—
book net assets
Opportunity
82/100
Exceptional
What this business does
Primary activity: Non-specialised wholesale trade
Sector: Wholesale & retail
Investor take
PursueActive trading company with a 61-year-old founder — textbook succession opportunity.
Opportunity 82/100 (exceptional), bankability 67/100. Strong seller-intent signal (70/100, director aged 61). 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 (73/100).
🏦
Refinance opportunity
4 live charges · 3 lenders · oldest 21.1y
15/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 21.1 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (76/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Company profile
address, 1 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
5 officers (2 active, 5 linked, 1 with DOB)
74
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
74 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
82/100Exceptional
PassWatchWorth a lookStrongExceptional
Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.
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 |
|---|
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 accounts
Counts from Companies House filing history.
Corporate timeline (30 events)Click to expand
- 2026-03-31📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2024-12-31📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2023-12-14📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2023-09-08📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-08-30🔒Charge registered #4Lender: Ecapital Commercial Finance Limited
- 2023-08-10📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-08-10🔓Charge satisfied #2
- 2023-07-26📄change-person-director-company-with-change-dateofficers · CH01
- 2023-07-26📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2022-12-30📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2022-05-26📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2021-12-31📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2021-06-30📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2020-09-08📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2020-02-03📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2019-11-20📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2019-11-18🔒Charge registered #3Lender: National Westminster Bank PLC
- 2019-10-03📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2018-08-16📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2007-07-13🔒Charge registered #2Lender: Rbs Invoice Finance Limited
- 2005-05-26🔒Charge registered #1Lender: National Westminster Bank PLC
- 2005-04-05➕PATEL, Harshad appointedsecretary
- 2005-04-05➖MALHOTRA, Navin Prakash resignedsecretary
- 1998-12-08🏢Company incorporatedAs ANTRON LEATHERS LIMITED
- 1998-12-08➕DUTTA, Vikram appointeddirector
- 1998-12-08➕MALHOTRA, Navin Prakash appointedsecretary
- 1998-12-08➕WATERLOW SECRETARIES LIMITED appointedcorporate-nominee-secretary
- 1998-12-08➖WATERLOW SECRETARIES LIMITED resignedcorporate-nominee-secretary
- 1998-12-08➕WATERLOW NOMINEES LIMITED appointedcorporate-nominee-director
- 1998-12-08➖WATERLOW NOMINEES LIMITED resignedcorporate-nominee-director
Owner dependency
93/100
Critical — business is the founderThe business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
FACTORS
- +Sole director: Only one active director — all governance concentrated on one person.
- +Long-tenure founder: Senior director has been in place 28 years — deep operational knowledge concentrated in one person.
- +Senior director age: Director aged approximately 61 — approaching natural succession window.
Succession & seller-readiness
85/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- secondaryFounder aged 58+: Senior director is approximately 61. Early succession window.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- primary20+ year tenure: Director in role 28 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 28 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
cleanNo 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 · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Vikram Dutta Individual · British · DOB 08/1965 · age 61 | 75–100% | — | 75-100% shares | 06/12/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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|---|---|---|---|---|---|---|---|
| A Q BUTT TRADING COMPANY LTD→ 14431316 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| ALL TRADE GROUP LTD→ 15599070 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| AMARI COMMODITIES LTD→ 11264050 · est 2018 · no financials extracted | — | — | — | — | 8y | — | — |
| AMUN & RA LIMITED→ 12002804 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| ANDERS ELECTRONICS PLC→ 00507451 · est 1952 · no financials extracted | — | — | — | — | 73y | — | — |
| ANGEL BEAUTY COLLECTION LIMITED→ 17077540 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| ANTENE SATELIT UK LTD→ 15687653 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| ANTLER TRADING LIMITED→ 14837304 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| ANYSTONE LTD→ 09238850 · est 2014 · no financials extracted | — | — | — | — | 11y | — | — |
| ANZARA GLOBAL LTD→ 15174407 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| AOBA LTD→ 16425337 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| AODACI UK LTD→ 11641437 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
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 →🔒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
Incorporated1998-12-08
Jurisdictionengland-wales
Primary SIC46900 — Non-specialised wholesale trade
Registered office
29 Bentinck Close 76-82 Prince Albert Road
London
NW8 7RY
England
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-12-22
Last: 2025-12-08
Officers (2 active · 3 resigned)
Active
DUTTA, Vikram→
Activedirector · ~61y · appointed 1998-12-08
View their other companies + combined net worth →
MALHOTRA, Navin Prakash→
Resignedsecretary · appointed 1998-12-08 · resigned 2005-04-05
WATERLOW SECRETARIES LIMITED→
Resignedcorporate-nominee-secretary · appointed 1998-12-08 · resigned 1998-12-08
WATERLOW NOMINEES LIMITED→
Resignedcorporate-nominee-director · appointed 1998-12-08 · resigned 1998-12-08
Click a director name to see their full track record across all companies.
Mortgages & charges
4
Total charges
3
Outstanding
2
Active lenders
Status:Lender:4 of 4 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Ecapital Commercial Finance Ecapital Commercial Finance Limited | A registered charge | — | 30/08/2023 | — | |
| outstanding | National Westminster Bank National Westminster Bank PLC | A registered charge | 1 property | 18/11/2019 | — | |
| satisfied | NatWest Group Rbs Invoice Finance Limited | Fixed and floating charge | 1 property | 13/07/2007 | 10/08/2023 | |
| outstanding | National Westminster Bank National Westminster Bank PLC | Debenture | 1 property | 26/05/2005 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (74 total)
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2026-03-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-07
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-12-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-13
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-12-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-12-11
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-09-08
mortgage-satisfy-charge-full
mortgage · MR04
2023-08-10
change-person-director-company-with-change-date
officers · CH01
2023-07-26
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-07-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-01-06
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-12-30
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-05-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-01-13
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-12-31