ARMITAGE SHANKS LTD
🌳Matureactive
04864346 · ltd · incorporated 2003-08-12
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
—
not disclosed
Net worth
—
book net assets
Opportunity
72/100
Strong
What this business does
Primary activity: SIC 22290
Sector: Manufacturing
ALSO REGISTERED FOR
- 23420SIC 23420
Investor take
PursueStrong opportunity: active trading company with strong profile and bankable structure.
Opportunity 72/100 (strong), bankability 77/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 6 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: strategic trade sale (63/100).
🏦
Refinance opportunity
8 live charges · 6 lenders · oldest 18.4y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 18.4 years old — likely at or near maturity.
- · 6 lenders named — inter-creditor friction likely.
- · Legal-friction score 30/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (58/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Company profile
address, 2 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
8 charges (8/8 with lender, 8/8 with type)
90
Directors & officers
17 officers (3 active, 17 linked, 12 with DOB)
84
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
7 connected companies via shared directors
66
Filing history
132 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
72/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
50
Some acquirability indicators.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.
Recent activity
Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
3
filings
- • 2 officers
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (67 events)Click to expand
- 2026-01-04📄accounts-with-accounts-type-fullaccounts · AA
- 2026-01-02📄appoint-corporate-secretary-company-with-name-dateofficers · AP04
- 2026-01-02📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2025-12-31➕ROLLITS COMPANY SECRETARIES LIMITED appointedcorporate-secretary
- 2025-12-31➖ELWELL, Joanne Caroline resignedsecretary
- 2025-01-02📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-12-31➖ELWELL, Joanne Caroline resigneddirector
- 2024-07-30📄accounts-with-accounts-type-fullaccounts · AA
- 2024-06-12📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-06-12📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-06-12🔓Charge satisfied #8
- 2024-06-12🔓Charge satisfied #7
- 2023-11-06📄accounts-with-accounts-type-fullaccounts · AA
- 2023-05-22➕WHITFIELD, Lisa appointeddirector
- 2023-05-22➖BARBER, David resigneddirector
- 2023-05-22📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-05-22📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-03-10📄withdrawal-of-a-person-with-significant-control-statementpersons-with-significant-control · PSC09
- 2023-01-23📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-01-23🔒Charge registered #8Lender: Kroll Trustee Services Limited (As Security Agent)
- 2022-08-01📄accounts-with-accounts-type-fullaccounts · AA
- 2021-09-14📄accounts-with-accounts-type-fullaccounts · AA
- 2021-08-31📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2021-08-25🔒Charge registered #7Lender: Glas Trust Corporation Limited (As Security Agent)
- 2020-12-22📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2020-12-18📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2020-12-16📄accounts-with-accounts-type-fullaccounts · AA
- 2020-12-07📄appoint-person-director-company-with-name-dateofficers · AP01
- 2020-12-01➕WHITTAKER, Rachel Anne appointeddirector
- 2020-04-17➖EWER, Stephen resigneddirector
- 2019-01-01➕EWER, Stephen appointeddirector
- 2018-12-31➖EDGE, Jonathan Peter resigneddirector
- 2018-04-06🔓Charge satisfied #6
- 2018-04-06🔓Charge satisfied #5
- 2018-04-06🔓Charge satisfied #4
- 2018-04-06🔓Charge satisfied #3
- 2017-12-31➖ROUNCE, Stephen John resigneddirector
- 2017-02-22🔒Charge registered #6Lender: Wilmington Trust (London) Limited
- 2015-12-31➖BOAD, Keith Charles resigneddirector
- 2015-12-31➕EDGE, Jonathan Peter appointeddirector
- 2014-06-04🔒Charge registered #5Lender: Wilmington Trust (London) Limited
- 2013-09-05🔒Charge registered #4Lender: Wilmington Trust (London) Limited
- 2011-10-12🔓Charge satisfied #2
- 2011-10-12🔓Charge satisfied #1
- 2011-08-01➕BOAD, Keith Charles appointeddirector
- 2011-08-01➖COOPER, Philip Roger resigneddirector
- 2011-06-30➖LEAF, John Michael resigneddirector
- 2011-04-30➖STANDBRIDGE, Brian Malcolm resigneddirector
- 2011-04-28🔒Charge registered #3Lender: Wilmington Trust (London) Limited as Security Agent
- 2010-03-22➕ELWELL, Joanne Caroline appointeddirector
Showing most recent 50 of 67 events
Owner dependency
58/100
Moderate — manageable with handoverSome founder dependency, but not acute. A structured handover period should cover most risk.
FACTORS
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
Succession & seller-readiness
36/100
Weak signalLimited succession signal. Not a near-term off-market candidate.
SIGNALS
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
Red flags
1 med ·Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
Ideal Standard (Uk) Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Ideal Standard (Uk) Limited
Corporate parent · holds 75-100% shares
⬇
ARMITAGE SHANKS LTD
This company · 04864346
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 |
|---|---|---|---|---|
Ideal Standard (Uk) Limited Corporate entity | 75–100% | — | 75-100% shares | 06/04/2016 |
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.
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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
Incorporated2003-08-12
Jurisdictionengland-wales
Primary SIC22290 — SIC 22290
Registered office
The Bathroom Works
National Avenue
Hull
HU5 4HS
England
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-11-03
Last: 2025-10-20
Officers (3 active · 14 resigned)
ROLLITS COMPANY SECRETARIES LIMITED→
Activecorporate-secretary · appointed 2025-12-31
View their other companies + combined net worth →
WHITFIELD, Lisa→
Activedirector · ~55y · appointed 2023-05-22
View their other companies + combined net worth →
WHITTAKER, Rachel Anne→
Activedirector · ~48y · appointed 2020-12-01
View their other companies + combined net worth →
CARRUTHERS, Peter Gilbert→
Resignedsecretary · appointed 2003-10-01 · resigned 2009-07-21
ELWELL, Joanne Caroline→
Resignedsecretary · appointed 2009-07-21 · resigned 2025-12-31
ROLLITS COMPANY SECRETARIES LIMITED→
Resignedcorporate-secretary · appointed 2003-08-12 · resigned 2003-10-01
BARBER, David→
Resigneddirector · ~61y · appointed 2006-04-10 · resigned 2023-05-22
BOAD, Keith Charles→
Resigneddirector · ~67y · appointed 2011-08-01 · resigned 2015-12-31
COOPER, Philip Roger→
Resigneddirector · ~78y · appointed 2003-11-01 · resigned 2011-08-01
EDGE, Jonathan Peter→
Resigneddirector · ~55y · appointed 2015-12-31 · resigned 2018-12-31
ELWELL, Joanne Caroline→
Resigneddirector · ~61y · appointed 2010-03-22 · resigned 2024-12-31
EWER, Stephen→
Resigneddirector · ~60y · appointed 2019-01-01 · resigned 2020-04-17
LEAF, John Michael→
Resigneddirector · ~62y · appointed 2010-03-22 · resigned 2011-06-30
MCFARLANE, George Macdonald→
Resigneddirector · ~82y · appointed 2003-10-01 · resigned 2006-04-10
ROUNCE, Stephen John→
Resigneddirector · ~74y · appointed 2003-10-01 · resigned 2017-12-31
STANDBRIDGE, Brian Malcolm→
Resigneddirector · ~63y · appointed 2010-03-22 · resigned 2011-04-30
ROLLITS COMPANY FORMATIONS LIMITED→
Resignedcorporate-director · appointed 2003-08-12 · resigned 2003-10-01
Click a director name to see their full track record across all companies.
Mortgages & charges
8
Total charges
0
Outstanding
0
Active lenders
Status:Lender:8 of 8 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Kroll Trustee Services (As Security Agent) Kroll Trustee Services Limited (As Security Agent) | A registered charge | 1 property | 23/01/2023 | 12/06/2024 | |
| satisfied | Glas Trust Corporation (As Security Agent) Glas Trust Corporation Limited (As Security Agent) | A registered charge | 1 property | 25/08/2021 | 12/06/2024 | |
| satisfied | Wilmington Trust (London) Wilmington Trust (London) Limited | A registered charge | — | 22/02/2017 | 06/04/2018 | |
| satisfied | Wilmington Trust (London) Wilmington Trust (London) Limited | A registered charge | 1 property | 04/06/2014 | 06/04/2018 | |
| satisfied | Wilmington Trust (London) Wilmington Trust (London) Limited | A registered charge | 1 property | 05/09/2013 | 06/04/2018 | |
| satisfied | Wilmington Trust (London) as Security Agent Wilmington Trust (London) Limited as Security Agent | Debenture | 1 property | 28/04/2011 | 06/04/2018 | |
| satisfied | Banc of America Securities (As Security Agent) Banc of America Securities Limited (As Security Agent) | Debenture | 1 property | 03/02/2009 | 12/10/2011 | |
| satisfied | Banc of America Securities Banc of America Securities Limited | Debenture | 1 property | 31/01/2008 | 12/10/2011 |
Recent filings (132 total)
accounts-with-accounts-type-full
accounts · AA
2026-01-04
appoint-corporate-secretary-company-with-name-date
officers · AP04
2026-01-02
termination-secretary-company-with-name-termination-date
officers · TM02
2026-01-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-30
termination-director-company-with-name-termination-date
officers · TM01
2025-01-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-21
accounts-with-accounts-type-full
accounts · AA
2024-07-30
mortgage-satisfy-charge-full
mortgage · MR04
2024-06-12
mortgage-satisfy-charge-full
mortgage · MR04
2024-06-12
accounts-with-accounts-type-full
accounts · AA
2023-11-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-02
appoint-person-director-company-with-name-date
officers · AP01
2023-05-22
termination-director-company-with-name-termination-date
officers · TM01
2023-05-22
withdrawal-of-a-person-with-significant-control-statement
persons-with-significant-control · PSC09
2023-03-10
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-01-23