PARTINGTON ENGINEERING LIMITED

🌳Matureactive
04552017 · ltd · incorporated 2002-10-02
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
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
  • · Thesis: well-run, low negotiation leverage
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£1.65M
book net assets
Opportunity
77/100
Strong
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What this business does
Primary activity: Other manufacturing n.e.c.
Sector: Manufacturing
Investor take
Pursue
Asset-holding vehicle with a 62-year-old founder — textbook succession opportunity.

Opportunity 77/100 (strong), bankability 77/100. Strong seller-intent signal (60/100, director aged 62). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

4 live charges · 3 lenders · oldest 16.4y

35/100
too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

  • · Oldest live charge is 16.4 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: high (83/100)

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
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
10 officers (4 active, 10 linked, 7 with DOB)
84
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
15 connected companies via shared directors
90
Filing history
91 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
77/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Positive net assets
Net assets £1,651,391
Cash YoY
+291%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£901k
↑ 291% YoY
Net Worth
£1.7m
↑ 5.1% YoY
Current Assets
£2.3m
↑ 39% YoY
Current Liabilities
—
£0£457k£914k£1.4m£1.8m£2.3mMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-03-312024-03-31
Total assets£1.68M£1.62M
Current assets£2.28M£1.65M
Cash£901.1k£230.5k
Debtors£935.0k£1.18M
Net assets£1.65M£1.57M

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
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (44 events)Click to expand
  1. 2025-12-09
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-09-02
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  3. 2025-08-27
    ➖
    HARGREAVES, Andrew Richard resigned
    director
  4. 2024-12-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2024-07-24
    📄
    resolution
    resolution · RESOLUTIONS
  6. 2023-12-14
    📄
    accounts-with-accounts-type-small
    accounts · AA
  7. 2023-12-06
    📄
    change-person-director-company-with-change-date
    officers · CH01
  8. 2022-12-08
    📄
    accounts-with-accounts-type-small
    accounts · AA
  9. 2022-10-31
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  10. 2022-10-18
    ➕
    CADLE, Justin Chris appointed
    director
  11. 2022-06-09
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  12. 2022-05-31
    ➖
    JONES, Brian Philip resigned
    director
  13. 2021-12-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2021-10-26
    ➖
    GRUNDY, James Damian resigned
    director
  15. 2021-10-26
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  16. 2020-11-24
    📄
    change-account-reference-date-company-current-extended
    accounts · AA01
  17. 2020-06-18
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  18. 2020-06-17
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  19. 2020-06-17
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  20. 2020-06-17
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  21. 2020-06-17
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  22. 2020-06-17
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  23. 2020-06-17
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  24. 2020-06-16
    ➕
    HENDRY, Treve Robert appointed
    director
  25. 2020-06-16
    ➕
    MEYER, Hans Marthinus appointed
    director
  26. 2020-06-16
    ➕
    TURNBULL, Julie Ann appointed
    director
  27. 2020-06-16
    ➕
    HARGREAVES, Andrew Richard appointed
    director
  28. 2020-04-08
    🔓
    Charge satisfied #4
  29. 2019-10-21
    🔓
    Charge satisfied #3
  30. 2019-10-21
    🔓
    Charge satisfied #2
  31. 2019-10-21
    🔓
    Charge satisfied #1
  32. 2016-10-05
    🔒
    Charge registered #4
    Lender: Hsbc Bank PLC
  33. 2014-09-15
    ➕
    GRUNDY, James Damian appointed
    director
  34. 2014-04-08
    ➖
    RAWLINGS, Louise resigned
    secretary
  35. 2013-10-01
    ➖
    HBJGW SECRETARIAL SUPPORT LIMITED resigned
    corporate-secretary
  36. 2012-07-04
    🔒
    Charge registered #3
    Lender: Lloyds Tsb Bank PLC
  37. 2010-09-28
    🔒
    Charge registered #2
    Lender: Barclays Bank PLC
  38. 2010-01-12
    🔒
    Charge registered #1
    Lender: Hsbc Bank PLC
  39. 2003-02-17
    ➕
    HBJGW SECRETARIAL SUPPORT LIMITED appointed
    corporate-secretary
  40. 2002-10-02
    🏢
    Company incorporated
    As PARTINGTON ENGINEERING LIMITED
  41. 2002-10-02
    ➕
    RAWLINGS, Louise appointed
    secretary
  42. 2002-10-02
    ➕
    CHETTLEBURGHS SECRETARIAL LTD appointed
    corporate-nominee-secretary
  43. 2002-10-02
    ➖
    CHETTLEBURGHS SECRETARIAL LTD resigned
    corporate-nominee-secretary
  44. 2002-10-02
    ➕
    JONES, Brian Philip appointed
    director

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.
  • +Senior director age: Director aged approximately 62 — approaching natural succession window.

Succession & seller-readiness

50/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 62. Early succession window.
  • secondaryStable-but-static management: Company is 24 years old and no new directors in the last 3 years — succession not yet being planned internally.

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

Argent Industrial Uk Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Argent Industrial Uk Ltd
Corporate parent · holds 75-100% shares
ultimate parent
⬇
PARTINGTON ENGINEERING LIMITED
This company · 04552017

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%
NameSharesVoting rightsNature of controlNotified
Argent Industrial Uk Ltd
Corporate entity
75–100%
75–100%75-100% shares · 75-100% voting16/06/2020
1 historic (ceased) PSC
  • Mr Brian Philip Jonesceased 16/06/2020· 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 →

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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
Incorporated2002-10-02
Jurisdictionengland-wales
Primary SIC32990 — Other manufacturing n.e.c.

Registered office

Unit 16 Mill Park
Hawks Green Ind Estate
Cannock
Staffordshire
WS11 7XT
England

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-10-16
Last: 2025-10-02

Officers (4 active · 6 resigned)

CADLE, Justin Chris→
director · ~55y · appointed 2022-10-18
View their other companies + combined net worth →
Active
HENDRY, Treve Robert→
director · ~60y · appointed 2020-06-16
View their other companies + combined net worth →
Active
MEYER, Hans Marthinus→
director · ~40y · appointed 2020-06-16
View their other companies + combined net worth →
Active
TURNBULL, Julie Ann→
director · ~62y · appointed 2020-06-16
View their other companies + combined net worth →
Active
RAWLINGS, Louise→
secretary · appointed 2002-10-02 · resigned 2014-04-08
Resigned
CHETTLEBURGHS SECRETARIAL LTD→
corporate-nominee-secretary · appointed 2002-10-02 · resigned 2002-10-02
Resigned
HBJGW SECRETARIAL SUPPORT LIMITED→
corporate-secretary · appointed 2003-02-17 · resigned 2013-10-01
Resigned
GRUNDY, James Damian→
director · ~53y · appointed 2014-09-15 · resigned 2021-10-26
Resigned
HARGREAVES, Andrew Richard→
director · ~50y · appointed 2020-06-16 · resigned 2025-08-27
Resigned
JONES, Brian Philip→
director · ~58y · appointed 2002-10-02 · resigned 2022-05-31
Resigned

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

Mortgages & charges

4
Total charges
0
Outstanding
0
Active lenders
Status:Lender:4 of 4 shown
TypeProperties
satisfied
HSBC
Hsbc Bank PLC
A registered charge1 property05/10/201608/04/2020
satisfied
Lloyds Banking Group
Lloyds Tsb Bank PLC
Debenture deed1 property04/07/201221/10/2019
satisfied
Barclays
Barclays Bank PLC
Debenture1 property28/09/201021/10/2019
satisfied
HSBC
Hsbc Bank PLC
Debenture1 property12/01/201021/10/2019

Recent filings (91 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-02
termination-director-company-with-name-termination-date
officers · TM01
2025-09-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-02
resolution
resolution · RESOLUTIONS
2024-07-24
accounts-with-accounts-type-small
accounts · AA
2023-12-14
change-person-director-company-with-change-date
officers · CH01
2023-12-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-04
accounts-with-accounts-type-small
accounts · AA
2022-12-08
appoint-person-director-company-with-name-date
officers · AP01
2022-10-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-10-14
termination-director-company-with-name-termination-date
officers · TM01
2022-06-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-17
termination-director-company-with-name-termination-date
officers · TM01
2021-10-26