AARO GLASS LTD
Opportunity 73/100 (strong), bankability 77/100. Strong seller-intent signal (68/100, director aged 54). 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 (58/100).
Refinance opportunity
4 live charges · 3 lenders · oldest 17.1y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 17.1 years old — likely at or near maturity.
- · 3 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.
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 · accounting standard unknown| Metric | 2025-06-30 | 2024-06-30 |
|---|---|---|
| Total assets | — | £192.8k |
| Current assets | — | £236.9k |
| Cash | — | £204.8k |
| Debtors | — | £19.4k |
| Net assets | — | £184.7k |
| Average employees | 300 | — |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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
- • 2 address
- • 1 officers
- • 1 persons-with-significant-control
- • 2 address
- • 1 officers
- • 1 persons-with-significant-control
Corporate timeline (38 events)Click to expand
- 2026-04-22📄change-person-director-company-with-change-dateofficers · CH01
- 2026-04-22📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2026-04-15📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2026-04-01📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2026-03-27📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2025-07-03📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-07-03📄change-person-director-company-with-change-dateofficers · CH01
- 2024-09-25📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-07-25📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-07-25📄change-person-director-company-with-change-dateofficers · CH01
- 2024-07-25📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-07-25📄change-person-director-company-with-change-dateofficers · CH01
- 2024-03-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-01-15📄capital-return-purchase-own-sharescapital · SH03
- 2024-01-08📄capital-cancellation-sharescapital · SH06
- 2024-01-02📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-01-02📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2024-01-02📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2024-01-02📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-12-21➖SHAW, John Richard resignedsecretary
- 2023-12-21➖SHAW, John Richard resigneddirector
- 2023-08-09📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-08-09📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-08-09🔓Charge satisfied #4
- 2023-08-09🔓Charge satisfied #3
- 2023-03-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2011-07-08🔓Charge satisfied #2
- 2011-06-16🔒Charge registered #4Lender: Lloyds Tsb Bank PLC
- 2011-06-08🔒Charge registered #3Lender: Lloyds Tsb Bank PLC
- 2011-04-01🔓Charge satisfied #1
- 2009-12-11🔒Charge registered #2Lender: Barclays Bank PLC
- 2009-04-29🔒Charge registered #1Lender: Richard Shaw
- 2003-07-22➖JOHNSTON, Victor Ian resignedsecretary
- 2003-07-22➕SHAW, John Richard appointedsecretary
- 2003-07-22➕SHAW, John Richard appointeddirector
- 2003-06-19🏢Company incorporatedAs AARO GLASS LTD
- 2003-06-19➕OWENS, Matthew appointeddirector
- 2003-06-19➕JOHNSTON, Victor Ian appointedsecretary
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Sole director: Only one active director — all governance concentrated on one person.
- +Long-tenure founder: Senior director has been in place 23 years — deep operational knowledge concentrated in one person.
Succession & seller-readiness
Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- 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.
Multiple address changes in a short period can indicate operational instability or admin disorder.
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Matthew Owens Individual · British · DOB 04/1972 · age 54 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 06/04/2016 |
1 historic (ceased) PSC
- Mr John Richard Shawceased 21/12/2023· 25-50% shares · 25-50% voting
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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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 (1 active · 3 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Lloyds Banking Group Lloyds Tsb Bank PLC | Mortgage | 1 property | 16/06/2011 | 09/08/2023 | |
| satisfied | Lloyds Banking Group Lloyds Tsb Bank PLC | Debenture | 1 property | 08/06/2011 | 09/08/2023 | |
| satisfied | Barclays Barclays Bank PLC | Legal charge | 1 property | 11/12/2009 | 08/07/2011 | |
| satisfied | Richard Shaw | Legal charge | 1 property | 29/04/2009 | 01/04/2011 |