ANGEL TRADING LIMITED

🌳Matureactive

04388041 · ltd · incorporated 2002-03-06

Investment thesis

Well-run mature business — low negotiation leverage; premium likely.

Why interesting: Textbook target; clean filings, stable trading.

Why risky: No pressure on seller; any deal likely at full price.

Opportunity decay

approaching window · 12-months

Approaching a transaction window — refinance or sale event plausible in the next 12 months.

· Oldest live charge 23.1y old — refinance window within 12 months

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Aug 2025

Net worth

—

book net assets

Opportunity

72/100

Strong

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What this business does

Primary activity: Non-specialised wholesale of food, beverages and tobacco

Sector: Wholesale & retail

ALSO REGISTERED FOR

46900Non-specialised wholesale trade

Investor take

Pursue

Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 72/100 (strong), bankability 75/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 2 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: strategic trade sale (63/100).

🏦

Refinance opportunity

8 live charges · 2 lenders · oldest 23.1y

50/100

clean up first

Refinance viable after a tidy-up — address the highlighted items first.

· Oldest live charge is 23.1 years old — likely at or near maturity.
· Two lenders — manageable, but coordination required.
· Legal-friction score 33/100 — workable, but lender will want more DD.

Data confidence

Overall: high (84/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile

address, 2 SIC codes, incorporation date

100

Financials

2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed

Lenders & charges

8 charges (8/8 with lender, 8/8 with type)

Directors & officers

12 officers (5 active, 12 linked, 9 with DOB)

Ownership & PSC

1 active PSC(s) of 3 total, 3 with control declared

Director network

18 connected companies via shared directors

Filing history

99 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

72/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Active, clean filings, stable charge profile.

Acquirability

Some acquirability indicators.

Risk profile

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

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2025-08-31	2024-08-31
Average employees	800	800

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

🔒Filing-note intelligence

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

Last 30 days

filing

• 1 accounts

Last 90 days

filing

• 1 accounts

Last 180 days

filing

• 1 accounts

Counts from Companies House filing history.

Corporate timeline (54 events)Click to expand

2026-06-22
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-07-25
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-07-25
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-07-23
➕
GILBERT, Henry Raphael appointed
director
2025-07-23
➕
MORGENSTERN, Ian Joseph appointed
director
2025-05-28
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-05-30
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-03-28
➕
GILBERT, Yitzchak Shraga appointed
director
2024-03-28
➖
GILBERT, Pinchus Menachem resigned
director
2024-03-28
📄
termination-director-company-with-name-termination-date
officers · TM01
2024-03-28
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-03-01
📄
termination-director-company-with-name-termination-date
officers · TM01
2024-03-01
📄
termination-director-company-with-name-termination-date
officers · TM01
2024-02-27
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-02-27
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-02-27
📄
termination-director-company-with-name-termination-date
officers · TM01
2024-02-27
📄
termination-director-company-with-name-termination-date
officers · TM01
2024-02-19
➖
GILBERT, Henry Raphael resigned
director
2024-02-19
➖
GILBERT, Nechama resigned
director
2024-02-19
➖
MORGENSTERN, Annie resigned
director
2024-02-19
➖
MORGENSTERN, Ian Joseph resigned
director
2023-12-14
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-12-14
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-12-13
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2023-04-19
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-02-24
📄
appoint-person-director-company-with-name-date
officers · AP01
2023-02-24
📄
appoint-person-director-company-with-name-date
officers · AP01
2022-11-16
➕
MORGENSTERN, Pinchas Menachem appointed
director
2022-11-16
➕
GILBERT, Pinchus Menachem appointed
director
2022-02-22
📄
change-account-reference-date-company-current-extended
accounts · AA01
2021-01-28
🔓
Charge satisfied #7
2021-01-28
🔓
Charge satisfied #4
2021-01-28
🔓
Charge satisfied #2
2016-03-14
🔓
Charge satisfied #6
2016-03-14
🔓
Charge satisfied #5
2016-01-13
🔓
Charge satisfied #8
2010-10-15
🔒
Charge registered #8
Lender: Santander UK PLC
2010-01-29
🔒
Charge registered #7
Lender: National Westminster Bank PLC
2010-01-29
🔒
Charge registered #6
Lender: National Westminster Bank PLC
2010-01-29
🔒
Charge registered #5
Lender: National Westminster Bank PLC
2010-01-18
🔒
Charge registered #4
Lender: National Westminster Bank PLC
2009-08-13
🔒
Charge registered #3
Lender: National Westminster Bank PLC
2009-08-13
🔒
Charge registered #2
Lender: National Westminster Bank PLC
2003-07-21
➕
GILBERT, Nechama appointed
director
2003-07-21
➕
MORGENSTERN, Annie appointed
director
2003-06-02
🔒
Charge registered #1
Lender: National Westminster Bank PLC
2002-03-19
➕
MORGENSTERN, Ian Joseph appointed
secretary
2002-03-19
➕
GILBERT, Henry Raphael appointed
director
2002-03-19
➕
MORGENSTERN, Ian Joseph appointed
director
2002-03-06
🏢
Company incorporated
As ANGEL TRADING LIMITED

Showing most recent 50 of 54 events

Owner dependency

48/100

Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS

-4 active directors: Broader management team in place — suggests transferable governance.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

30/100

Weak signal

Limited succession signal. Not a near-term off-market candidate.

Red flags

1 med ·

Charge satisfaction-then-recreation pattern

medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Group structure

Shinemore Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️

Shinemore Limited

Corporate parent · holds 75-100% shares

ultimate parent

⬇

ANGEL TRADING LIMITED

This company · 04388041

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
Shinemore Limited Corporate entity	75–100%	—	75-100% shares	20/02/2023

2 historic (ceased) PSCs

Mr Henry Raphael Gilbertceased 19/02/2024· significant influence
Mr Ian Joseph Morgensternceased 19/02/2024· significant influence

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 · Wholesale & distribution · NW postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
A Q BUTT TRADING COMPANY LTD→ 14431316 · est 2022 · no financials extracted	—	—	—	—	3y	—	—
ALL TRADE GROUP LTD→ 15599070 · est 2024 · no financials extracted	—	—	—	—	2y	—	—
AMARI COMMODITIES LTD→ 11264050 · est 2018 · no financials extracted	—	—	—	—	8y	—	—
AMUN & RA LIMITED→ 12002804 · est 2019 · no financials extracted	—	—	—	—	6y	—	—
ANDERS ELECTRONICS PLC→ 00507451 · est 1952 · no financials extracted	—	—	—	—	73y	—	—
ANGEL BEAUTY COLLECTION LIMITED→ 17077540 · est 2026 · no financials extracted	—	—	—	—	—	—	—
ANT BM LIMITED→ 08379083 · est 2013 · no financials extracted	—	—	—	—	13y	—	—
ANTA HOLDINGS LIMITED→ 12374594 · est 2019 · no financials extracted	—	—	—	—	6y	—	—
ANTENE SATELIT UK LTD→ 15687653 · est 2024 · no financials extracted	—	—	—	—	1y	—	—
ANTLER TRADING LIMITED→ 14837304 · est 2023 · no financials extracted	—	—	—	—	2y	—	—
ANTRON LEATHERS LIMITED→ 03680342 · est 1998 · no financials extracted	—	—	—	—	27y	—	—
ANUWAR TAILOR LTD→ 17017145 · est 2026 · no financials extracted	—	—	—	—	—	—	—

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

Incorporated2002-03-06

Jurisdictionengland-wales

Primary SIC46390 — Non-specialised wholesale of food, beverages and tobacco

Registered office

8 Rodborough Road

London

NW11 8RY

Filing status

Accounts

Next due: 2027-05-31

Last made up to: 2025-08-31

Confirmation statement

Next due: 2026-09-04

Last: 2025-08-21