D & D ARMSTRONG LIMITED
- · Oldest live charge 22.1y old — refinance window within 12 months
Opportunity 75/100 (strong), bankability 70/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 3 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (65/100).
Refinance opportunity
19 live charges · oldest 22.1y
Refinance viable after a tidy-up — address the highlighted items first.
- · Oldest live charge is 22.1 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Legal-friction score 40/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (79/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2024-09-30 | 2023-09-30 |
|---|---|---|
| Average employees | 1500 | 1600 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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
- • 1 confirmation-statement
Corporate timeline (49 events)Click to expand
- 2025-06-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-06-25📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-06-26📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-07-04📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-06-29📄gazette-filings-brought-up-to-dategazette · DISS40
- 2022-06-28📄gazette-notice-compulsorygazette · GAZ1
- 2021-06-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-06-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-11-28➕ARMSTRONG, Ryan John appointeddirector
- 2019-11-28📄appoint-person-director-company-with-name-dateofficers · AP01
- 2019-06-11📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-06-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-06-14📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2017-06-05📄change-person-director-company-with-change-dateofficers · CH01
- 2017-06-05📄change-person-director-company-with-change-dateofficers · CH01
- 2017-06-05📄change-person-secretary-company-with-change-dateofficers · CH03
- 2015-11-06🔒Charge registered #19Lender: Lombard North Central PLC
- 2015-11-06🔒Charge registered #18Lender: Lombard North Central PLC
- 2015-11-06🔒Charge registered #17Lender: Lombard North Central PLC
- 2015-11-06🔒Charge registered #16Lender: Lombard North Central PLC
- 2015-11-06🔒Charge registered #15Lender: Lombard North Central PLC
- 2015-11-06🔒Charge registered #14Lender: Lombard North Central PLC
- 2014-11-18🔒Charge registered #13Lender: Lombard North Central PLC
- 2014-11-18🔒Charge registered #12Lender: Lombard North Central PLC
- 2013-01-30🔒Charge registered #11Lender: Lombard North Central PLC
- 2013-01-30🔒Charge registered #10Lender: Lombard North Central PLC
- 2010-10-30🔓Charge satisfied #4
- 2010-10-25🔓Charge satisfied #7
- 2010-10-25🔓Charge satisfied #5
- 2010-10-25🔓Charge satisfied #3
- 2010-10-25🔓Charge satisfied #2
- 2010-10-25🔓Charge satisfied #1
- 2010-03-12🔒Charge registered #9Lender: Lombard North Central PLC
- 2010-01-27🔒Charge registered #8Lender: Lombard North Central PLC
- 2009-10-07🔒Charge registered #7Lender: Lombard North Central PLC
- 2008-05-13🔒Charge registered #6Lender: Lombard North Central PLC
- 2006-11-20🔒Charge registered #5Lender: Lombard North Central PLC
- 2006-06-23🔒Charge registered #4Lender: Lombard North Central PLC
- 2005-07-27🔒Charge registered #3Lender: Lombard North Central PLC
- 2005-01-11🔒Charge registered #2Lender: Lombard North Central PLC
- 2004-06-30➕ARMSTRONG, Donna appointeddirector
- 2004-06-23🔒Charge registered #1Lender: Lombard North Central PLC
- 2003-04-04🏢Company incorporatedAs D & D ARMSTRONG LIMITED
- 2003-04-04➕ARMSTRONG, Donna appointedsecretary
- 2003-04-04➕ARMSTRONG, David appointeddirector
- 2003-04-04➕KEY LEGAL SERVICES (SECRETARIAL) LIMITED appointedcorporate-nominee-secretary
- 2003-04-04➖KEY LEGAL SERVICES (SECRETARIAL) LIMITED resignedcorporate-nominee-secretary
- 2003-04-04➕KEY LEGAL SERVICES (NOMINEES) LIMITED appointedcorporate-nominee-director
- 2003-04-04➖KEY LEGAL SERVICES (NOMINEES) LIMITED resignedcorporate-nominee-director
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Founder name in company name: Company name contains director surname "ARMSTRONG" — strong identity link between founder and business.
- +Long-tenure founder: Senior director has been in place 23 years — deep operational knowledge concentrated in one person.
- +Senior director age: Director aged approximately 63 — approaching natural succession window.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
- primaryFounder aged 63+: Senior director is approximately 63. Approaching typical UK retirement age — succession thinking likely.
- primary20+ year tenure: Director in role 23 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 23 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 med · 1 lowMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr David Armstrong Individual · British · DOB 07/1963 · age 63 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 06/04/2016 |
Mrs Donna Armstrong Individual · British · DOB 02/1966 · age 60 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 06/04/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
See pricing →Similar companies
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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 →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
Registered office
Filing status
Officers (4 active · 2 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lombard North Central Lombard North Central PLC | A registered charge | 1 property | 06/11/2015 | — | |
| outstanding | Lombard North Central Lombard North Central PLC | A registered charge | 1 property | 06/11/2015 | — | |
| outstanding | Lombard North Central Lombard North Central PLC | A registered charge | — | 06/11/2015 | — | |
| outstanding | Lombard North Central Lombard North Central PLC | A registered charge | 1 property | 06/11/2015 | — | |
| outstanding | Lombard North Central Lombard North Central PLC | A registered charge | 1 property | 06/11/2015 | — | |
| outstanding | Lombard North Central Lombard North Central PLC | A registered charge | — | 06/11/2015 | — | |
| outstanding | Lombard North Central Lombard North Central PLC | A registered charge | 1 property | 18/11/2014 | — | |
| outstanding | Lombard North Central Lombard North Central PLC | A registered charge | 1 property | 18/11/2014 | — | |
| outstanding | Lombard North Central Lombard North Central PLC | Deed of covenant | 1 property | 30/01/2013 | — | |
| outstanding | Lombard North Central Lombard North Central PLC | Mortgage of a ship | 1 property | 30/01/2013 | — | |
| outstanding | Lombard North Central Lombard North Central PLC | Marine mortgage | 1 property | 12/03/2010 | — | |
| outstanding | Lombard North Central Lombard North Central PLC | Marine mortgage | 1 property | 27/01/2010 | — | |
| satisfied | Lombard North Central Lombard North Central PLC | Marine mortgage | 2 properties | 07/10/2009 | 25/10/2010 | |
| outstanding | Lombard North Central Lombard North Central PLC | Marine mortgage | 1 property | 13/05/2008 | — | |
| satisfied | Lombard North Central Lombard North Central PLC | Marine mortgae | 1 property | 20/11/2006 | 25/10/2010 | |
| satisfied | Lombard North Central / Lombard North Central Lombard North Central PLC / Lombard North Central PLC | Marine mortgage | 1 property | 23/06/2006 | 30/10/2010 | |
| satisfied | Lombard North Central Lombard North Central PLC | Marine mortgage | 1 property | 27/07/2005 | 25/10/2010 | |
| satisfied | Lombard North Central Lombard North Central PLC | Marine mortgage | 1 property | 11/01/2005 | 25/10/2010 | |
| satisfied | Lombard North Central Lombard North Central PLC | Marine mortgage | 1 property | 23/06/2004 | 25/10/2010 |