MIDLAND TYRE CONTROL LIMITED
🌳Matureactive
04366804 · ltd · incorporated 2002-02-05
Investment thesis
Property vehicle with a workable charge structure — clean refinance potential.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Dependent on title and valuation due diligence; standard property risks.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
- · Oldest live charge 17.6y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Feb 2025
Net worth
—
book net assets
Opportunity
83/100
Exceptional
What this business does
Primary activity: SIC 38320
Sector: Water supply & waste
ALSO REGISTERED FOR
- 68209Other letting and operating of own or leased real estate
Investor take
PursueStrong opportunity: active trading company with exceptional profile and bankable structure.
Opportunity 83/100 (exceptional), bankability 85/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).
🏦
Refinance opportunity
1 live charge · oldest 17.6y
85/100
ready
Refinance conversation should be productive — structure clean and timing right.
- · Oldest live charge is 17.6 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Legal-friction score 15/100 — clean.
Data confidence
Overall: medium (77/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Company profile
address, 2 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
8 officers (4 active, 8 linked, 4 with DOB)
80
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
72 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.
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 | 2025-02-28 | 2024-02-29 |
|---|---|---|
| Average employees | 3000 | 2800 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
Recent activity
Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (30 events)Click to expand
- 2025-11-25📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-05-28📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-06-12📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-07-14📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-08-09📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-06-17📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-06-26📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-07-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-07-04📄appoint-person-director-company-with-name-dateofficers · AP01
- 2019-07-04📄appoint-person-director-company-with-name-dateofficers · AP01
- 2019-07-01➕GUTTERIDGE, Lee John appointeddirector
- 2019-07-01➕HITCHCROFT, George appointeddirector
- 2018-11-01📄capital-allotment-sharescapital · SH01
- 2018-10-10📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-11-22📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2016-06-06📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2016-02-19📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2012-08-31🔓Charge satisfied #1
- 2008-12-16🔒Charge registered #1Lender: Lloyds Tsb Commercial Finance Limited
- 2005-03-31➖SMITH, Malcolm Paul resigneddirector
- 2003-06-12➕SMITH, Malcolm Paul appointeddirector
- 2002-10-18➖TWINBERROW, David Christopher resignedsecretary
- 2002-10-01➕HITCHCROFT, Lisa Marie appointedsecretary
- 2002-02-05🏢Company incorporatedAs MIDLAND TYRE CONTROL LIMITED
- 2002-02-05➕HITCHCROFT, Mark Stephen appointeddirector
- 2002-02-05➕TWINBERROW, David Christopher appointedsecretary
- 2002-02-05➕ASHBURTON REGISTRARS LIMITED appointedcorporate-nominee-secretary
- 2002-02-05➖ASHBURTON REGISTRARS LIMITED resignedcorporate-nominee-secretary
- 2002-02-05➕AR NOMINEES LIMITED appointedcorporate-nominee-director
- 2002-02-05➖AR NOMINEES LIMITED resignedcorporate-nominee-director
Owner dependency
76/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Long-tenure founder: Senior director has been in place 24 years — deep operational knowledge concentrated in one person.
- +Senior director age: Director aged approximately 62 — approaching natural succession window.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
70/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- secondaryFounder aged 58+: Senior director is approximately 62. Early succession window.
- primary20+ year tenure: Director in role 24 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 24 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 Mark Stephen Hitchcroft Individual · British · DOB 08/1964 · age 62 | — | 75–100% | 75-100% voting | 06/04/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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| MIDLANDS STREET & GROUND WORKS LTD→ 13750187 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
6 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 SIC38320 — SIC 38320
Registered office
Units 11 & 12 Alexander Industrial Estate
Broad Lane
Bilston
West Midlands
WV14 0RL
Filing status
Accounts
Next due: 2026-11-30
Last made up to: 2025-02-28
Confirmation statement
Next due: 2026-12-01
Last: 2025-11-17
Officers (4 active · 4 resigned)
HITCHCROFT, Lisa Marie→
Activesecretary · appointed 2002-10-01
View their other companies + combined net worth →
GUTTERIDGE, Lee John→
Activedirector · ~42y · appointed 2019-07-01
View their other companies + combined net worth →
HITCHCROFT, George→
Activedirector · ~30y · appointed 2019-07-01
View their other companies + combined net worth →
HITCHCROFT, Mark Stephen→
Activedirector · ~62y · appointed 2002-02-05
View their other companies + combined net worth →
TWINBERROW, David Christopher→
Resignedsecretary · appointed 2002-02-05 · resigned 2002-10-18
ASHBURTON REGISTRARS LIMITED→
Resignedcorporate-nominee-secretary · appointed 2002-02-05 · resigned 2002-02-05
SMITH, Malcolm Paul→
Resigneddirector · ~68y · appointed 2003-06-12 · resigned 2005-03-31
AR NOMINEES LIMITED→
Resignedcorporate-nominee-director · appointed 2002-02-05 · resigned 2002-02-05
Click a director name to see their full track record across all companies.
Mortgages & charges
1
Total charges
0
Outstanding
0
Active lenders
Status:Lender:1 of 1 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Lloyds Banking Group Lloyds Tsb Commercial Finance Limited | All assets debenture | 1 property | 16/12/2008 | 31/08/2012 |
Recent filings (72 total)
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-11-25
confirmation-statement-with-updates
confirmation-statement · CS01
2025-11-17
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-05-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-06-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-07-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-02-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-08-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-02-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-06-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-02-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-06-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-02-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-07-29