AVOCA INDUSTRIAL TECHNICAL TEXTILES LIMITED
Opportunity 70/100 (strong), bankability 57/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (58/100).
Refinance opportunity
7 live charges · 4 lenders · oldest 23.1y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 23.1 years old — likely at or near maturity.
- · 4 lenders named — inter-creditor friction likely.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (79/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.
Available from the Pro tier upwards.
See pricing →Solid opportunity signal. Worth a dedicated memo and management meeting.
Key financials
2 years extracted from filed iXBRL accountsHover 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.
3 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
- • 1 officers
Corporate timeline (54 events)Click to expand
- 2026-01-29➖CARTWRIGHT, Alan resigneddirector
- 2026-01-29📄termination-director-company-with-name-termination-dateofficers · TM01
- 2026-01-19✏️certificate-change-of-name-companychange-of-name · CERTNM
- 2025-11-13📄accounts-with-accounts-type-groupaccounts · AA
- 2025-09-29📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-09-23➕EASTON, Stephen David appointeddirector
- 2024-08-20📄accounts-with-accounts-type-groupaccounts · AA
- 2023-09-29📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-09-28🔒Charge registered #7Lender: Barclays Bank PLC
- 2023-08-10📄accounts-with-accounts-type-groupaccounts · AA
- 2022-10-31📄accounts-with-accounts-type-groupaccounts · AA
- 2022-08-15📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2022-08-15📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2022-08-02➕SIMPSON, Joanne appointedsecretary
- 2022-08-02➖HUNT, Lorraine resignedsecretary
- 2021-09-14📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2020-11-10📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2019-11-13📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2018-10-25📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2018-06-06📄change-person-secretary-company-with-change-dateofficers · CH03
- 2018-01-02📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2017-12-18📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2017-12-12🔒Charge registered #6Lender: Barclays Bank PLC
- 2017-11-10➖CARTWRIGHT, Alan resignedsecretary
- 2017-11-09➕CARTWRIGHT, Alan appointedsecretary
- 2011-08-31🔒Charge registered #5Lender: Barclays Bank PLC
- 2008-05-17🔓Charge satisfied #1
- 2008-05-09🔒Charge registered #4Lender: Barclays Bank PLC
- 2008-02-27➖CHARMER, Beverley resignedsecretary
- 2008-02-27➕HUNT, Lorraine appointedsecretary
- 2007-05-24➖CLARKE, Raymond Anthony resigneddirector
- 2007-02-03🔓Charge satisfied #3
- 2007-02-03🔓Charge satisfied #2
- 2006-04-01➕CLARKE, Raymond Anthony appointeddirector
- 2005-09-12➖GRIMSHAW, Thomas resigneddirector
- 2003-08-08🔒Charge registered #3Lender: The Governor and Company of the Bank of Scotland
- 2003-06-05🔒Charge registered #2Lender: Surrey Asset Finance Limited
- 2003-05-29🔒Charge registered #1Lender: Euro Sales Finance PLC
- 2002-04-01➕CHARMER, Beverley appointedsecretary
- 2002-03-31➖CARTWRIGHT, Alan resignedsecretary
- 2001-04-24➕CARTWRIGHT, Alan appointedsecretary
- 2001-04-24➕CARTWRIGHT, Alan appointeddirector
- 2001-03-31➖BLACKBURN, Andrew Stewart resignedsecretary
- 2001-03-31➖BLACKBURN, Andrew Stewart resigneddirector
- 2001-03-31➖QUALTER, Karl Damian resigneddirector
- 1999-07-21➕BLACKBURN, Andrew Stewart appointedsecretary
- 1999-07-21➖TEMPLE SECRETARIES LIMITED resignedcorporate-nominee-secretary
- 1999-07-21➕BLACKBURN, Andrew Stewart appointeddirector
- 1999-07-21➕GRIMSHAW, Thomas appointeddirector
- 1999-07-21➕QUALTER, Karl Damian appointeddirector
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +Sole director: Only one active director — all governance concentrated on one person.
Succession & seller-readiness
Some succession indicators present. Worth watching; approach if sector/strategy fits.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
Red flags
2 med ·Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Name changes can be benign (rebrand) but can also precede distress, phoenix activity, or buyer concealment.
Evidence: 2026-01-19: certificate-change-of-name-company
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Surender Singh Kandhari Individual · Indian · DOB 09/1948 · age 78 | — | — | sig. influencesignificant influence | 06/04/2016 |
Mr Jasjeev Singh Kandhari Individual · Indian · DOB 10/1972 · age 54 | — | — | sig. influencesignificant influence | 06/04/2016 |
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.
See pricing →Similar companies
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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 (2 active · 12 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Barclays Barclays Bank PLC | A registered charge | — | 28/09/2023 | — | |
| outstanding | Barclays Barclays Bank PLC | A registered charge | 1 property | 12/12/2017 | — | |
| outstanding | Barclays Barclays Bank PLC | Fixed & floating charge | 1 property | 31/08/2011 | — | |
| outstanding | Barclays Barclays Bank PLC | Debenture | 1 property | 09/05/2008 | — | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Debenture | 1 property | 08/08/2003 | 03/02/2007 | |
| satisfied | Surrey Asset Finance Surrey Asset Finance Limited | Debenture | 1 property | 05/06/2003 | 03/02/2007 | |
| satisfied | Euro Sales Finance Euro Sales Finance PLC | Debenture | 1 property | 29/05/2003 | 17/05/2008 |