A.J.GLASSFIBRE LIMITED
- · Thesis: well-run, low negotiation leverage
Opportunity 76/100 (strong), bankability 57/100. Same-surname younger director in place — likely family handover, not open to sale. Biggest value-creation lever: Consolidate lender relationships. 5 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).
Refinance opportunity
7 live charges · 5 lenders · oldest 26.9y
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 26.9 years old — likely at or near maturity.
- · 5 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 | 2025-06-30 | 2024-06-30 |
|---|---|---|
| Total assets | £596.7k | £669.6k |
| Current assets | £940.2k | £1.14M |
| Cash | £4.8k | £4.5k |
| Debtors | £693.0k | £875.0k |
| Net assets | £548.2k | £590.1k |
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
- • 2 capital
- • 1 accounts
- • 1 incorporation
Corporate timeline (41 events)Click to expand
- 2026-01-20📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-12-16📄capital-name-of-class-of-sharescapital · SH08
- 2025-12-16📄memorandum-articlesincorporation · MA
- 2025-12-16📄resolutionresolution · RESOLUTIONS
- 2025-12-16📄capital-variation-of-rights-attached-to-sharescapital · SH10
- 2025-03-25📄change-person-director-company-with-change-dateofficers · CH01
- 2025-02-25📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-07-29📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-07-29📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-07-01➕LISHMAN, Katie Alice Roome appointeddirector
- 2024-07-01➕MALLINSON, Oliver appointeddirector
- 2023-11-16📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-12-02📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-01-11📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-10-25📄change-person-director-company-with-change-dateofficers · CH01
- 2021-10-25📄change-person-secretary-company-with-change-dateofficers · CH03
- 2021-10-25📄change-person-director-company-with-change-dateofficers · CH01
- 2021-03-09📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-10-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-09-13📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2014-11-04➖IRVING, Carol resigneddirector
- 2014-11-04➖IRVING, John resigneddirector
- 2011-04-26🔒Charge registered #7Lender: Hsbc Bank PLC
- 2010-04-10🔓Charge satisfied #2
- 2008-06-10🔒Charge registered #6Lender: Hsbc Invoice Finance (UK) LTD ("the Security Holder")
- 2008-06-10🔒Charge registered #5Lender: Hsbc Invoice Finance (UK) LTD (the Security Holder)
- 2008-05-23🔓Charge satisfied #1
- 2008-04-23🔒Charge registered #4Lender: Hsbc Bank PLC
- 2008-04-02🔒Charge registered #3Lender: Hsbc Bank PLC
- 2007-11-19➕MALLINSON, Hazel Kathryn appointeddirector
- 2007-11-19➕IRVING, Carol appointeddirector
- 1999-07-21🔒Charge registered #2Lender: Rdm Factors Limited
- 1999-06-30🔒Charge registered #1Lender: M.I.M.Glassfibre Products Limited
- 1999-06-28➕MALLINSON, Andrew John appointedsecretary
- 1999-06-28➕MALLINSON, Andrew John appointeddirector
- 1999-06-28➖SWIFT INCORPORATIONS LIMITED resignedcorporate-nominee-secretary
- 1999-06-28➕IRVING, John appointeddirector
- 1999-06-28➖INSTANT COMPANIES LIMITED resignedcorporate-nominee-director
- 1999-04-21🏢Company incorporatedAs A.J.GLASSFIBRE LIMITED
- 1999-04-21➕SWIFT INCORPORATIONS LIMITED appointedcorporate-nominee-secretary
- 1999-04-21➕INSTANT COMPANIES LIMITED appointedcorporate-nominee-director
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- -4 active directors: Broader management team in place — suggests transferable governance.
- +Long-tenure founder: Senior director has been in place 27 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 69 — succession pressure is live.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
Limited succession signal. Not a near-term off-market candidate.
- primaryFamily succession underway: Not a takeover target — MALLINSON, Oliver (same surname) appointed 2024-07-01. Pattern consistent with intra-family handover.
- primaryFounder aged 63+: Senior director is approximately 69. Approaching typical UK retirement age — succession thinking likely.
- primary20+ year tenure: Director in role 27 years. Very long tenure is a classic succession signal.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
1 med · 1 lowMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Andrew John Mallinson Individual · British · DOB 06/1958 · age 68 | 25–50% | 25–50% | board control25-50% shares · 25-50% voting · board control | 06/04/2016 |
Mrs Hazel Kathryn Mallinson Individual · British · DOB 09/1957 · age 69 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 06/04/2016 |
1 historic (ceased) PSC
- Mr John Irvingceased 31/07/2018· 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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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 (5 active · 4 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | HSBC Hsbc Bank PLC | Legal assignment | 1 property | 26/04/2011 | — | |
| outstanding | HSBC Hsbc Invoice Finance (UK) LTD ("the Security Holder") | Fixed charge on purchased debts which fail to vest | 1 property | 10/06/2008 | — | |
| outstanding | HSBC Hsbc Invoice Finance (UK) LTD (the Security Holder) | Floating charge (all assets) | 1 property | 10/06/2008 | — | |
| outstanding | HSBC Hsbc Bank PLC | Legal mortgage | 1 property | 23/04/2008 | — | |
| outstanding | HSBC Hsbc Bank PLC | Debenture | 1 property | 02/04/2008 | — | |
| satisfied | Rdm Factors Rdm Factors Limited | All assets debenture | 1 property | 21/07/1999 | 10/04/2010 | |
| satisfied | M.I.M.Glassfibre Products M.I.M.Glassfibre Products Limited | Mortgage | 1 property | 30/06/1999 | 23/05/2008 |