4 WAY REFRIGERATION LIMITED

🌳Matureactive
05252501 · ltd · incorporated 2004-10-06
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
Why now
Window opening · medium confidence
More negotiable than before — 1 signals weakening over the last 30 days.
  • · Deal-killer verdict: workable → complicated
What changed my view
Last 30 days

Picture worsened over the last 30 days — 1 negative signal vs 0 positive.

  • ↓Deal-killer verdict: workable → complicated
Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value
—
Upgrade to see
Turnover
—
year to Oct 2025
Net worth
£-5.7k
book net assets
Opportunity
81/100
Exceptional
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What this business does
Primary activity: SIC 33200
Sector: Manufacturing
ALSO REGISTERED FOR
  • 35300SIC 35300
  • 71129Other engineering activities
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 81/100 (exceptional), 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: Cash flow review and working-capital discipline. Cash down -82% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (65/100).

Data confidence

Overall: high (87/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile
address, 3 SIC codes, incorporation date
100
Financials
3 years of iXBRL accounts extracted + narrative notes parsed
95
Lenders & charges
Confirmed no charges registered
85
Directors & officers
7 officers (5 active, 7 linked, 6 with DOB)
87
Ownership & PSC
3 active PSC(s) of 3 total, 3 with control declared
90
Director network
9 connected companies via shared directors
72
Filing history
82 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
81/100Exceptional
PassWatchWorth a lookStrongExceptional 

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
85
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Negative net assets
Liabilities exceed assets by £5,698
Net assets shrinking
Down £6,365 YoY
Cash draining
Cash down 82% YoY
Cash YoY
-82%
Year on year

Key financials

3 years extracted from filed iXBRL accounts
Cash
£327
↓ 82% YoY
Net Worth
-£6k
↓ 954% YoY
Current Assets
£291k
~ YoY
Current Liabilities
—
-£6k£54k£114k£174k£234k£294kOct 2023Oct 2024Oct 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-10-312024-10-312023-10-31
Total assets£-5.7k£11.5k£33.4k
Current assets£291.1k£293.7k£291.6k
Cash£327£1.8k£1.1k
Debtors£290.7k£291.9k£290.5k
Net assets£-5.7k£667£4.6k

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

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

Last 30 days
0
filings
Last 90 days
1
filing
  • • 1 accounts
Last 180 days
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (28 events)Click to expand
  1. 2026-06-09
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-04-09
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-07-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-05-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2022-10-07
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  6. 2022-07-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2021-08-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2020-11-02
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  9. 2020-09-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2019-10-23
    📄
    second-filing-capital-allotment-shares
    capital · RP04SH01
  11. 2019-07-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2019-05-30
    📄
    capital-alter-shares-subdivision
    capital · SH02
  13. 2019-05-14
    📄
    memorandum-articles
    incorporation · MA
  14. 2019-05-14
    📄
    resolution
    resolution · RESOLUTIONS
  15. 2019-04-09
    📄
    capital-allotment-shares
    capital · SH01
  16. 2019-04-09
    📄
    change-person-director-company-with-change-date
    officers · CH01
  17. 2019-04-09
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  18. 2019-04-09
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  19. 2018-10-22
    ➕
    OLLEY, Stuart appointed
    director
  20. 2014-01-01
    ➖
    SIMPSON, Sarah resigned
    director
  21. 2010-11-01
    ➕
    JORDAN, Deborah May appointed
    director
  22. 2010-11-01
    ➕
    SIMPSON, Sarah appointed
    director
  23. 2010-10-31
    ➖
    TOWNSEND, Ian resigned
    director
  24. 2004-10-06
    🏢
    Company incorporated
    As 4 WAY REFRIGERATION LIMITED
  25. 2004-10-06
    ➕
    SIMPSON, Stephen James appointed
    secretary
  26. 2004-10-06
    ➕
    JORDAN, Neil Ivan appointed
    director
  27. 2004-10-06
    ➕
    SIMPSON, Stephen James appointed
    director
  28. 2004-10-06
    ➕
    TOWNSEND, Ian appointed
    director

Owner dependency

66/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • -4 active directors: Broader management team in place — suggests transferable governance.
  • +Long-tenure founder: Senior director has been in place 22 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 59 — approaching natural succession window.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

70/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 59. Early succession window.
  • 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

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

3 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Stuart Olley
Individual · British · DOB 08/1974 · age 52
25–50%
25–50%board control25-50% shares · 25-50% voting · board control22/10/2018
Mr Neil Ivan Jordan
Individual · British · DOB 02/1968 · age 58
25–50%
25–50%board control25-50% shares · 25-50% voting · board control06/04/2016
Mr Stephen James Simpson
Individual · British · DOB 09/1970 · age 56
25–50%
25–50%board control25-50% shares · 25-50% voting · board control06/04/2016

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.

See pricing →

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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
Incorporated2004-10-06
Jurisdictionengland-wales
Primary SIC33200 — SIC 33200

Registered office

Unit 3, North Lynn Business Village Bergen Way
North Lynn Industrial Estate
King's Lynn
PE30 2JG
England

Filing status

Accounts
Next due: 2027-07-31
Last made up to: 2025-10-31
Confirmation statement
Next due: 2026-10-20
Last: 2025-10-06

Officers (5 active · 2 resigned)

SIMPSON, Stephen James→
secretary · appointed 2004-10-06
View their other companies + combined net worth →
Active
JORDAN, Deborah May→
director · ~59y · appointed 2010-11-01
View their other companies + combined net worth →
Active
JORDAN, Neil Ivan→
director · ~58y · appointed 2004-10-06
View their other companies + combined net worth →
Active
OLLEY, Stuart→
director · ~52y · appointed 2018-10-22
View their other companies + combined net worth →
Active
SIMPSON, Stephen James→
director · ~56y · appointed 2004-10-06
View their other companies + combined net worth →
Active
SIMPSON, Sarah→
director · ~55y · appointed 2010-11-01 · resigned 2014-01-01
Resigned
TOWNSEND, Ian→
director · ~63y · appointed 2004-10-06 · resigned 2010-10-31
Resigned

Click a director name to see their full track record across all companies.

Recent filings (82 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-06-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-04-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-07-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-05-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-10-14
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-10-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-07-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-10-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-08-26
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2020-11-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-10-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-09-17