ANODISERS RUNCORN LIMITED

💤Zombieactive
04384406 · ltd · incorporated 2002-02-28
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 May 2025
Net worth
—
book net assets
Opportunity
78/100
Strong
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What this business does
Primary activity: Treatment and coating of metals
Sector: Manufacturing
Investor take
Pursue
Active trading company with a 75-year-old founder — textbook succession opportunity.

Opportunity 78/100 (strong), bankability 57/100. Strong seller-intent signal (83/100, director aged 75). Share purchase looks the cleaner deal structure. 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 (73/100).

🏦

Refinance opportunity

6 live charges · 5 lenders · oldest 21.8y

15/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 21.8 years old — likely at or near maturity.
  • · 5 lenders named — inter-creditor friction likely.
  • · Distress signals active — lender appetite narrows.

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, 1 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
6 charges (6/6 with lender, 6/6 with type)
90
Directors & officers
6 officers (1 active, 6 linked, 3 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
78/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
60
Adequate — check latest filings for context.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
82
Few red flags.
Signal strength
100
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0May 2024May 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-05-312024-05-31
Average employees7700

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

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

Last 30 days
0
filings
Last 90 days
1
filing
  • • 1 confirmation-statement
Last 180 days
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (33 events)Click to expand
  1. 2025-10-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-03-25
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  3. 2025-03-25
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  4. 2025-02-18
    ➖
    WALCH, Kathleen Margaret resigned
    secretary
  5. 2025-01-31
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  6. 2025-01-28
    🔒
    Charge registered #6
    Lender: Nucleus Cash Flow FINANCE2 Limited
  7. 2024-09-10
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2023-10-10
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2023-02-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2021-10-15
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  11. 2021-10-12
    🔒
    Charge registered #5
    Lender: Hitachi Capital (UK) PLC
  12. 2021-09-03
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2020-12-04
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2020-02-04
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2018-12-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2018-01-30
    📄
    capital-cancellation-shares
    capital · SH06
  17. 2018-01-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  18. 2018-01-18
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  19. 2018-01-12
    ➖
    MCGOVERN, Terence Phillip resigned
    director
  20. 2016-06-01
    ➖
    PEARN, Kenneth resigned
    director
  21. 2015-05-19
    ➕
    MCGOVERN, Terence Phillip appointed
    director
  22. 2014-02-01
    ➕
    PEARN, Kenneth appointed
    director
  23. 2013-09-16
    🔒
    Charge registered #4
    Lender: National Westminster Bank PLC
  24. 2008-05-30
    🔒
    Charge registered #3
    Lender: The Governor & Company of the Bank of Ireland
  25. 2008-05-30
    🔒
    Charge registered #2
    Lender: The Governor & Company of the Bank of Ireland
  26. 2004-09-03
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland Commercial Services Limited
  27. 2004-05-17
    ➕
    WALCH, Kathleen Margaret appointed
    secretary
  28. 2004-05-17
    ➖
    WRIGHT, Cheryl resigned
    secretary
  29. 2002-02-28
    🏢
    Company incorporated
    As ANODISERS RUNCORN LIMITED
  30. 2002-02-28
    ➕
    WALCH, David appointed
    director
  31. 2002-02-28
    ➕
    THOMAS, Howard appointed
    nominee-secretary
  32. 2002-02-28
    ➖
    THOMAS, Howard resigned
    nominee-secretary
  33. 2002-02-28
    ➕
    WRIGHT, Cheryl appointed
    secretary

Owner dependency

100/100
Critical — business is the founder

The 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 24 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 75 — succession pressure is live.

Succession & seller-readiness

100/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 75 years old. Natural succession window is now.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • 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

1 low
6 live charges
low

Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr David Walch
Individual · British · DOB 05/1951 · age 75
75–100%
—75-100% shares · firm interest06/04/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

9 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
Incorporated2002-02-28
Jurisdictionengland-wales
Primary SIC25610 — Treatment and coating of metals

Registered office

Capital House 272 Manchester Road
Droylsden
Manchester
M43 6PW
England

Filing status

Accounts
Next due: 2027-02-28
Last made up to: 2025-05-31
Confirmation statement
Next due: 2027-04-08
Last: 2026-03-25

Officers (1 active · 5 resigned)

WALCH, David→
director · ~75y · appointed 2002-02-28
View their other companies + combined net worth →
Active
THOMAS, Howard→
nominee-secretary · appointed 2002-02-28 · resigned 2002-02-28
Resigned
WALCH, Kathleen Margaret→
secretary · appointed 2004-05-17 · resigned 2025-02-18
Resigned
WRIGHT, Cheryl→
secretary · appointed 2002-02-28 · resigned 2004-05-17
Resigned
MCGOVERN, Terence Phillip→
director · ~34y · appointed 2015-05-19 · resigned 2018-01-12
Resigned
PEARN, Kenneth→
director · ~76y · appointed 2014-02-01 · resigned 2016-06-01
Resigned

Click a director name to see their full track record across all companies.

Mortgages & charges

6
Total charges
6
Outstanding
5
Active lenders
Status:Lender:6 of 6 shown
TypeProperties
outstanding
Nucleus Cash Flow FINANCE2
Nucleus Cash Flow FINANCE2 Limited
A registered charge—28/01/2025—
outstanding
Hitachi Capital (UK)
Hitachi Capital (UK) PLC
A registered charge1 property12/10/2021—
outstanding
National Westminster Bank
National Westminster Bank PLC
A registered charge1 property16/09/2013—
outstanding
The Governor & Company of the Bank of Ireland
Legal charge1 property30/05/2008—
outstanding
The Governor & Company of the Bank of Ireland
Debenture1 property30/05/2008—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland Commercial Services Limited
Fixed and floating charge1 property03/09/2004—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (72 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-04-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-10-08
confirmation-statement-with-updates
confirmation-statement · CS01
2025-03-25
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-03-25
termination-secretary-company-with-name-termination-date
officers · TM02
2025-03-25
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-01-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-10-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-02-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-10-31
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2021-10-15
confirmation-statement-with-updates
confirmation-statement · CS01
2021-10-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-09-03