DORCHESTER PLUMBING SUPPLIES LIMITED
🌳Matureactive
05199458 · ltd · incorporated 2004-08-06
Investment thesis
Looks cheap but ownership + security both unclear — probable value trap.
Why interesting: Headline metrics may be attractive.
Why risky: No PSC visibility combined with multiple live charges; transacting likely slow and expensive.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Aug 2025
Net worth
£37.2k
book net assets
Opportunity
73/100
Strong
What this business does
Primary activity: SIC 46740
Sector: Wholesale & retail
Investor take
PursueStrong opportunity: active trading company with strong profile and acceptable with review structure.
Opportunity 73/100 (strong), bankability 67/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (50/100).
🏦
Refinance opportunity
5 live charges · 4 lenders · oldest 19.2y
15/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 19.2 years old — likely at or near maturity.
- · 4 lenders named — inter-creditor friction likely.
- · Cashflow trend is negative — lender view likely cautious.
Data confidence
Overall: medium (71/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
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
5 charges (5/5 with lender, 5/5 with type)
90
Directors & officers
8 officers (3 active, 8 linked, 5 with DOB)
83
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
1 connected companies via shared directors
48
Filing history
73 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
73/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
65
Some acquirability indicators.
Risk profile
69
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 102Positive net assets
Net assets £37,165
Net assets shrinking
Down £32,339 YoY
Cash YoY
-29%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£65k
↓ 29% YoY
Net Worth
£37k
↓ 47% YoY
Current Assets
£475k
↑ 2.3% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-08-31 | 2024-08-31 |
|---|---|---|
| Total assets | £78.1k | £128.1k |
| Current assets | £474.8k | £464.1k |
| Cash | £64.7k | £91.1k |
| Debtors | £298.1k | £278.0k |
| Net assets | £37.2k | £69.5k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
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
Last 30 days
3
filings
- • 3 officers
Last 90 days
4
filings
- • 3 officers
- • 1 accounts
Last 180 days
4
filings
- • 3 officers
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (38 events)Click to expand
- 2026-06-19📄termination-director-company-with-name-termination-dateofficers · TM01
- 2026-06-19📄termination-director-company-with-name-termination-dateofficers · TM01
- 2026-06-19📄termination-director-company-with-name-termination-dateofficers · TM01
- 2026-05-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2026-04-01➖MIDDLEDITCH, Richard Charles resigneddirector
- 2026-04-01➖PIGGOTT, Ann resigneddirector
- 2026-04-01➖ROLPH, Stephen Edward resigneddirector
- 2025-05-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-05-22📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-05-11📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2022-05-31📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2021-05-13📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2020-11-17📄mortgage-satisfy-charge-fullmortgage · MR04
- 2020-11-17📄mortgage-satisfy-charge-fullmortgage · MR04
- 2020-11-17🔓Charge satisfied #4
- 2020-11-17🔓Charge satisfied #2
- 2020-05-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-03-26📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-07-05📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2018-06-28🔒Charge registered #5Lender: Lloyds Bank Commercial Finance Limited
- 2018-05-02📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-04-06📄mortgage-satisfy-charge-fullmortgage · MR04
- 2018-04-06🔓Charge satisfied #1
- 2014-06-26🔒Charge registered #4Lender: Rbs Invoice Finance Limited
- 2008-08-22🔒Charge registered #3Lender: John Hedley Haward
- 2007-06-01🔒Charge registered #2Lender: National Westminster Bank PLC
- 2007-04-27🔒Charge registered #1Lender: National Westminster Bank PLC
- 2004-08-09➖BRIGHTON SECRETARY LTD resignedcorporate-nominee-secretary
- 2004-08-09➖BRIGHTON DIRECTOR LTD resignedcorporate-nominee-director
- 2004-08-06🏢Company incorporatedAs DORCHESTER PLUMBING SUPPLIES LIMITED
- 2004-08-06➕ROLPH, Stephen Edward appointedsecretary
- 2004-08-06➕RAWLINGS, Dean Andrew appointeddirector
- 2004-08-06➕READ, Gavin Joseph Martin appointeddirector
- 2004-08-06➕BRIGHTON SECRETARY LTD appointedcorporate-nominee-secretary
- 2004-08-06➕MIDDLEDITCH, Richard Charles appointeddirector
- 2004-08-06➕PIGGOTT, Ann appointeddirector
- 2004-08-06➕ROLPH, Stephen Edward appointeddirector
- 2004-08-06➕BRIGHTON DIRECTOR LTD appointedcorporate-nominee-director
Owner dependency
68/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Long-tenure founder: Senior director has been in place 22 years — deep operational knowledge concentrated in one person.
Succession & seller-readiness
66/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- primary20+ year tenure: Director in role 22 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 22 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
2 med ·3 director resignations in last 12 months
mediumMultiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.
Evidence: MIDDLEDITCH, Richard Charles resigned 2026-04-01; PIGGOTT, Ann resigned 2026-04-01; ROLPH, Stephen Edward resigned 2026-04-01
Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
🔒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 →Similar companies
Active · Wholesale & distribution · DT postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| AUX IMPORT LTD→ 13881847 · est 2022 · no financials extracted | — | — | — | — | 4y | — | — |
| BIT THIRSTY LTD→ 15707844 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| BOONE & CO LIMITED→ 11219421 · est 2018 · no financials extracted | — | — | — | — | 8y | — | — |
| CHCM ENTERPRISE LTD→ 13319548 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| CHEEKY MONKEYS CASH4CLOTHES LTD→ 11229513 · est 2018 · no financials extracted | — | — | — | — | 8y | — | — |
| CJB AGENCIES LIMITED→ 08185858 · est 2012 · no financials extracted | — | — | — | — | 13y | — | — |
| CORE SUPPLIES LTD→ 11716557 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| DIVERSE SUPPLIES LIMITED→ 10699647 · est 2017 · no financials extracted | — | — | — | — | 9y | — | — |
| DJ PLANT DORSET LIMITED→ 10809481 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| DOMETIC UK LIMITED→ 04190363 · est 2001 · no financials extracted | — | — | — | — | 25y | — | — |
| DORSET PASTRY LIMITED→ 04327357 · est 2001 · no financials extracted | — | — | — | — | 24y | — | — |
| DRAFTTOGO LTD→ 12570121 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
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
Incorporated2004-08-06
Jurisdictionengland-wales
Primary SIC46740 — SIC 46740
Registered office
14a Albany Road
Weymouth
Dorset
DT4 9TH
Filing status
Accounts
Next due: 2027-05-31
Last made up to: 2025-08-31
Confirmation statement
Next due: 2026-08-20
Last: 2025-08-06
Officers (3 active · 5 resigned)
ROLPH, Stephen Edward→
Activesecretary · appointed 2004-08-06
View their other companies + combined net worth →
RAWLINGS, Dean Andrew→
Activedirector · ~50y · appointed 2004-08-06
View their other companies + combined net worth →
READ, Gavin Joseph Martin→
Activedirector · ~49y · appointed 2004-08-06
View their other companies + combined net worth →
BRIGHTON SECRETARY LTD→
Resignedcorporate-nominee-secretary · appointed 2004-08-06 · resigned 2004-08-09
MIDDLEDITCH, Richard Charles→
Resigneddirector · ~62y · appointed 2004-08-06 · resigned 2026-04-01
PIGGOTT, Ann→
Resigneddirector · ~67y · appointed 2004-08-06 · resigned 2026-04-01
ROLPH, Stephen Edward→
Resigneddirector · ~60y · appointed 2004-08-06 · resigned 2026-04-01
BRIGHTON DIRECTOR LTD→
Resignedcorporate-nominee-director · appointed 2004-08-06 · resigned 2004-08-09
Click a director name to see their full track record across all companies.
Mortgages & charges
5
Total charges
2
Outstanding
2
Active lenders
Status:Lender:5 of 5 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group Lloyds Bank Commercial Finance Limited | A registered charge | — | 28/06/2018 | — | |
| satisfied | NatWest Group Rbs Invoice Finance Limited | A registered charge | — | 26/06/2014 | 17/11/2020 | |
| outstanding | John Hedley Haward | Rent deposit deed | 1 property | 22/08/2008 | — | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Legal charge | 1 property | 01/06/2007 | 17/11/2020 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Debenture | 1 property | 27/04/2007 | 06/04/2018 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (73 total)
termination-director-company-with-name-termination-date
officers · TM01
2026-06-19
termination-director-company-with-name-termination-date
officers · TM01
2026-06-19
termination-director-company-with-name-termination-date
officers · TM01
2026-06-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-05-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-08-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-05-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-05-22
confirmation-statement-with-updates
confirmation-statement · CS01
2023-08-14
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-05-11
confirmation-statement-with-updates
confirmation-statement · CS01
2022-08-15
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-05-31
confirmation-statement-with-updates
confirmation-statement · CS01
2021-08-13
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-05-13
mortgage-satisfy-charge-full
mortgage · MR04
2020-11-17