2 TECK LIMITED
- · Oldest live charge 21.2y old — refinance window within 12 months
Opportunity 78/100 (strong), bankability 75/100. 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. 1 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (58/100).
Refinance opportunity
2 live charges · 2 lenders · oldest 21.2y
Refinance viable after a tidy-up — address the highlighted items first.
- · Oldest live charge is 21.2 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Legal-friction score 25/100 — 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 | 2025-07-31 | 2024-07-31 |
|---|---|---|
| Average employees | 8200 | 9200 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
2 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
- • 1 confirmation-statement
- • 1 confirmation-statement
Corporate timeline (31 events)Click to expand
- 2025-09-04📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-01-10📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-04-26📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-03-26📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-05-13📄termination-director-company-with-name-termination-dateofficers · TM01
- 2022-04-12📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-04-07➖REBBITT, Paul Nathan resigneddirector
- 2021-04-25📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-04-23📄memorandum-articlesincorporation · MA
- 2021-04-23📄resolutionresolution · RESOLUTIONS
- 2021-04-22📄capital-name-of-class-of-sharescapital · SH08
- 2020-04-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-07-30📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2019-07-30📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2019-03-26📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-04-20📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-04-10📄change-to-a-person-with-significant-control-without-name-datepersons-with-significant-control · PSC04
- 2017-06-05🔒Charge registered #2Lender: Barclays Bank PLC
- 2017-03-31➖KT ACCOUNTANTS LIMITED resignedcorporate-secretary
- 2016-08-01➕EVANS, Darren John appointeddirector
- 2015-07-01➖WEDGE, Tracy resignedsecretary
- 2015-07-01➕KT ACCOUNTANTS LIMITED appointedcorporate-secretary
- 2015-04-06➕REBBITT, Paul Nathan appointeddirector
- 2005-04-22🔒Charge registered #1Lender: Hsbc Bank PLC
- 2003-07-16🏢Company incorporatedAs 2 TECK LIMITED
- 2003-07-16➕WEDGE, James Robert appointeddirector
- 2003-07-16➕WEDGE, Tracy appointedsecretary
- 2003-07-16➕SWIFT INCORPORATIONS LIMITED appointedcorporate-nominee-secretary
- 2003-07-16➖SWIFT INCORPORATIONS LIMITED resignedcorporate-nominee-secretary
- 2003-07-16➕INSTANT COMPANIES LIMITED appointedcorporate-nominee-director
- 2003-07-16➖INSTANT COMPANIES LIMITED resignedcorporate-nominee-director
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Long-tenure founder: Senior director has been in place 23 years — deep operational knowledge concentrated in one person.
Succession & seller-readiness
Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- 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
cleanGroup structure
2 Teck Holdings Ltd holds majority control (50-75%). Likely parent but not wholly-owned.
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 |
|---|---|---|---|---|
2 Teck Holdings Ltd Corporate entity | 50–75% | 75–100% | board control75-100% shares · 75-100% voting · board control | 12/03/2019 |
2 historic (ceased) PSCs
- J R Wedge Holdings Ltdceased 12/03/2019· 50-75% shares · 50-75% voting
- Mr James Robert Wedgeceased 17/07/2016· 50-75% shares · 50-75% voting
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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| 1ST GLAZING REPAIRS LIMITED→ 06798269 · est 2009 · no financials extracted | — | — | — | — | 17y | — | — |
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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 →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 (2 active · 5 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Barclays Barclays Bank PLC | A registered charge | — | 05/06/2017 | — | |
| outstanding | HSBC Hsbc Bank PLC | Debenture | 1 property | 22/04/2005 | — |