1602 GROUP LIMITED
🌳Matureactive
04366768 · ltd · incorporated 2002-02-05
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Jun 2025
Net worth
£753.9k
book net assets
Opportunity
83/100
Exceptional
What this business does
Primary activity: SIC 32200
Sector: Manufacturing
Investor take
PursueAsset-holding vehicle with a 69-year-old founder — textbook succession opportunity.
Opportunity 83/100 (exceptional), bankability 85/100. Strong seller-intent signal (73/100, director aged 69). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -35% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (65/100).
🏦
Refinance opportunity
2 live charges · 2 lenders · oldest 23.9y
30/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 23.9 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Cashflow trend is negative — lender view likely cautious.
Data confidence
Overall: high (80/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
7 officers (4 active, 7 linked, 5 with DOB)
84
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
89 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
83/100Exceptional
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
85
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £753,891
Net assets shrinking
Down £91,933 YoY
Cash YoY
-35%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£229k
↓ 35% YoY
Net Worth
£754k
↓ 11% YoY
Current Assets
£742k
↓ 17% YoY
Current Liabilities
—
Hover 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 | £754.7k | £857.2k |
| Current assets | £742.1k | £896.7k |
| Cash | £228.8k | £351.7k |
| Debtors | £82.1k | £228.9k |
| Net assets | £753.9k | £845.8k |
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
1
filing
- • 1 accounts
Last 180 days
1
filing
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (33 events)Click to expand
- 2026-03-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-10-01📄resolutionresolution · RESOLUTIONS
- 2025-10-01📄memorandum-articlesincorporation · MA
- 2025-09-30📄statement-of-companys-objectschange-of-constitution · CC04
- 2025-09-30📄capital-name-of-class-of-sharescapital · SH08
- 2025-09-30📄capital-name-of-class-of-sharescapital · SH08
- 2025-09-30📄capital-variation-of-rights-attached-to-sharescapital · SH10
- 2025-09-19📄change-person-director-company-with-change-dateofficers · CH01
- 2025-07-30📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2025-07-29📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2025-07-29📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-07-01➖LELLIOTT, Philip Murray resignedsecretary
- 2025-06-16📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-06-16📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-06-11➕BETTS, Christopher Michael appointeddirector
- 2025-06-11➕LUNN, Chloe Theia appointeddirector
- 2025-03-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-03-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-03-20📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-02-07📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-01-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-11-30🔓Charge satisfied #2
- 2017-10-17🔓Charge satisfied #1
- 2017-05-12🔒Charge registered #2Lender: Hsbc Bank PLC
- 2002-07-05➕CRUNDWELL, Duncan appointeddirector
- 2002-07-05➕LELLIOTT, Philip Murray appointeddirector
- 2002-07-05➖BAILEY, Robert Anthony resignedsecretary
- 2002-07-05➕LELLIOTT, Philip Murray appointedsecretary
- 2002-07-05➖OTTER, Jamie Edward resigneddirector
- 2002-07-04🔒Charge registered #1Lender: The Governor and Company of the Bank of Scotland
- 2002-02-05🏢Company incorporatedAs 1602 GROUP LIMITED
- 2002-02-05➕BAILEY, Robert Anthony appointedsecretary
- 2002-02-05➕OTTER, Jamie Edward appointeddirector
Owner dependency
65/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- -4 active directors: Broader management team in place — suggests transferable governance.
- +Long-tenure founder: Senior director has been in place 24 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 69 — succession pressure is live.
Succession & seller-readiness
70/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- primaryFounder aged 63+: Senior director is approximately 69. Approaching typical UK retirement age — succession thinking likely.
- primary20+ year tenure: Director in role 24 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
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Group structure
1602 Group Trustees Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
1602 Group Trustees Limited
Corporate parent · holds 75-100% shares · board control
⬇
1602 GROUP LIMITED
This company · 04366768
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 |
|---|---|---|---|---|
1602 Group Trustees Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 01/07/2025 |
1 historic (ceased) PSC
- Mr Duncan Crundwellceased 01/07/2025· 75-100% shares · 75-100% voting · board control
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
🔒Co-director network graph
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
See pricing →Similar companies
Active · Manufacturing · CB postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| 1.S.A.F LTD→ 13247799 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| 360-CARPENTRY LIMITED→ 15081616 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| 3D PIONEERS LIMITED→ 15484935 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| 3D VECTOR ELECTRIC LIMITED→ 14097678 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| 5XC LTD→ 11815340 · est 2019 · no financials extracted | — | — | — | — | 7y | — | — |
| 76 PROJECTS LIMITED→ 10235633 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| AALMEIDA LTD→ 16990209 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| ABACUS CARDS LIMITED→ 02599961 · est 1991 · no financials extracted | — | — | — | — | 35y | — | — |
| ABCAM LIMITED→ 03509322 · est 1998 · no financials extracted | — | — | — | — | 28y | — | — |
| ABILIA LTD→ 01149346 · est 1973 · no financials extracted | — | — | — | — | 52y | — | — |
| ABINGTON SAWMILL LIMITED→ 12179071 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| ABMC LIMITED→ 12461592 · est 2020 · no financials extracted | — | — | — | — | 6y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
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 →🔒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
Incorporated2002-02-05
Jurisdictionengland-wales
Primary SIC32200 — SIC 32200
Registered office
Lewis House
Great Chesterford Court
Great Chesterford
Essex
CB10 1PF
Filing status
Accounts
Next due: 2027-03-31
Last made up to: 2025-06-30
Confirmation statement
Next due: 2026-07-15
Last: 2025-07-01
Officers (4 active · 3 resigned)
BETTS, Christopher Michael→
Activedirector · ~56y · appointed 2025-06-11
View their other companies + combined net worth →
CRUNDWELL, Duncan→
Activedirector · ~69y · appointed 2002-07-05
View their other companies + combined net worth →
LELLIOTT, Philip Murray→
Activedirector · ~69y · appointed 2002-07-05
View their other companies + combined net worth →
LUNN, Chloe Theia→
Activedirector · ~31y · appointed 2025-06-11
View their other companies + combined net worth →
BAILEY, Robert Anthony→
Resignedsecretary · appointed 2002-02-05 · resigned 2002-07-05
LELLIOTT, Philip Murray→
Resignedsecretary · appointed 2002-07-05 · resigned 2025-07-01
OTTER, Jamie Edward→
Resigneddirector · ~48y · appointed 2002-02-05 · resigned 2002-07-05
Click a director name to see their full track record across all companies.
Mortgages & charges
2
Total charges
0
Outstanding
0
Active lenders
Status:Lender:2 of 2 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | HSBC Hsbc Bank PLC | A registered charge | 1 property | 12/05/2017 | 30/11/2018 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Debenture | 1 property | 04/07/2002 | 17/10/2017 |
Recent filings (89 total)
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-03-31
confirmation-statement-with-updates
confirmation-statement · CS01
2025-10-09
resolution
resolution · RESOLUTIONS
2025-10-01
memorandum-articles
incorporation · MA
2025-10-01
statement-of-companys-objects
change-of-constitution · CC04
2025-09-30
capital-name-of-class-of-shares
capital · SH08
2025-09-30
capital-name-of-class-of-shares
capital · SH08
2025-09-30
capital-variation-of-rights-attached-to-shares
capital · SH10
2025-09-30
change-person-director-company-with-change-date
officers · CH01
2025-09-19
termination-secretary-company-with-name-termination-date
officers · TM02
2025-07-30
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2025-07-29
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-07-29
appoint-person-director-company-with-name-date
officers · AP01
2025-06-16
appoint-person-director-company-with-name-date
officers · AP01
2025-06-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-03-28