E T L DEVELOPMENTS LIMITED

🌳Matureactive

05303384 · ltd · incorporated 2004-12-02

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.

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Dec 2024

Net worth

£542.2k

book net assets

Opportunity

80/100

Exceptional

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What this business does

Primary activity: Support activities for crop production

Sector: Agriculture, forestry & fishing

ALSO REGISTERED FOR

01621SIC 01621
10519SIC 10519

Investor take

Pursue

Strong opportunity: active trading company with exceptional profile and acceptable with review structure.

Opportunity 80/100 (exceptional), 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. 5 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

7 live charges · 5 lenders · oldest 21.3y

35/100

too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

· Oldest live charge is 21.3 years old — likely at or near maturity.
· 5 lenders named — inter-creditor friction likely.
· Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: high (80/100)

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

Company profile

address, 3 SIC codes, incorporation date

100

Financials

2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed

Lenders & charges

7 charges (7/7 with lender, 7/7 with type)

Directors & officers

6 officers (5 active, 6 linked, 5 with DOB)

Ownership & PSC

4 active PSC(s) of 5 total, 5 with control declared

Director network

1 connected companies via shared directors

Filing history

68 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

80/100Exceptional

PassWatchWorth a lookStrongExceptional

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

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared

Positive net assets

Net assets £542,245

Cash YoY

+20%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£577k

↑ 20% YoY

Net Worth

£542k

↑ 104% YoY

Current Assets

£727k

↑ 27% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2024-12-31	2023-12-31
Total assets	£962.2k	£671.5k
Current assets	£727.4k	£574.8k
Cash	£576.6k	£478.9k
Debtors	£73.4k	£41.4k
Net assets	£542.2k	£266.2k

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

🔒Filing-note intelligence

3 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

filings

Last 90 days

filings

Last 180 days

filing

• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (37 events)Click to expand

2025-09-25
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-06-30
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-06-27
🔒
Charge registered #7
Lender: National Westminster Bank PLC
2024-12-03
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-12-03
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-08-09
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-10-19
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-11-22
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-10-19
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-10-14
🔒
Charge registered #6
Lender: National Westminster Bank PLC
2022-10-06
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-10-03
🔒
Charge registered #5
Lender: National Westminster Bank PLC
2022-09-22
📄
mortgage-satisfy-charge-full
mortgage · MR04
2022-09-22
📄
mortgage-satisfy-charge-full
mortgage · MR04
2022-09-22
📄
mortgage-satisfy-charge-full
mortgage · MR04
2022-09-22
📄
mortgage-satisfy-charge-full
mortgage · MR04
2022-09-22
🔓
Charge satisfied #4
2022-09-22
🔓
Charge satisfied #3
2022-09-22
🔓
Charge satisfied #1
2022-09-22
🔓
Charge satisfied #2
2022-01-12
📄
second-filing-of-director-appointment-with-name
officers · RP04AP01
2021-09-29
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-12-23
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-01-09
📄
change-person-director-company-with-change-date
officers · CH01
2020-01-09
📄
change-person-director-company-with-change-date
officers · CH01
2018-12-05
➕
HIRST, Luke William appointed
director
2018-12-05
➕
HIRST, Scott Anthony appointed
director
2017-06-14
➖
CARTER, Lindy resigned
director
2015-05-01
🔒
Charge registered #4
Lender: Hitachi Capital (UK) PLC
2014-03-07
🔒
Charge registered #3
Lender: Reward Capital LLP
2005-01-20
🔒
Charge registered #1
Lender: Clydesdale Bank PLC
2005-01-19
🔒
Charge registered #2
Lender: Clydesdale Bank Public Limited Company
2004-12-02
🏢
Company incorporated
As E T L DEVELOPMENTS LIMITED
2004-12-02
➕
CARTER, Tina Michelle appointed
secretary
2004-12-02
➕
CARTER, Tina Michelle appointed
director
2004-12-02
➕
HIRST, John Edward appointed
director
2004-12-02
➕
CARTER, Lindy 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 21 years — deep operational knowledge concentrated in one person.
+Senior director age: Director aged approximately 61 — 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 61. Early succession window.
primary20+ year tenure: Director in role 21 years. Very long tenure is a classic succession signal.
secondaryStable-but-static management: Company is 21 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 ·

Charge satisfaction-then-recreation pattern

medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Shareholders & ownership

4 active beneficial owners · fragmented

Name	Shares	Voting rights	Nature of control	Notified
Mr Scott Anthony Hirst Individual · British · DOB 11/1992 · age 34	25–50%	—	25-50% shares	03/12/2024
Mr Luke William Hirst Individual · British · DOB 07/1994 · age 32	25–50%	—	25-50% shares	03/12/2024
Mr John Edward Hirst Individual · British · DOB 07/1965 · age 61	25–50%	—	25-50% shares	06/04/2016
Ms Tina Michelle Carter Individual · British · DOB 03/1968 · age 58	25–50%	—	25-50% shares	06/04/2016

1 historic (ceased) PSC

Miss Lindy Carterceased 06/12/2017· 25-50% shares

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 →

Similar companies

Active · Agriculture · WF postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
AQUA BRIDGE FARMS LTD→ 14608379 · est 2023 · no financials extracted	—	—	—	—	3y	—	—
ARMITAGE (UK) LIMITED→ 04365681 · est 2002 · no financials extracted	—	—	—	—	24y	—	—
BARRYS POULTRY HANDLING LIMITED→ 16836576 · est 2025 · no financials extracted	—	—	—	—	—	—	—
BAY HORSE FARM LIMITED→ 07182493 · est 2010 · no financials extracted	—	—	—	—	16y	—	—
BRACKENHILL SPORT HORSES LTD→ 13056287 · est 2020 · no financials extracted	—	—	—	—	5y	—	—
CLAYTON LANE BOARDING KENNELS LTD→ 14300680 · est 2022 · no financials extracted	—	—	—	—	3y	—	—
COURAGE TO GROW COUNSELLING THERAPY SERVICES LIMITED→ 14612560 · est 2023 · no financials extracted	—	—	—	—	3y	—	—
DAVE PICKLES (TIMBER) LIMITED→ 05431288 · est 2005 · no financials extracted	—	—	—	—	20y	—	—
EBRAQE UK LTD→ 13436468 · est 2021 · no financials extracted	—	—	—	—	4y	—	—
F.R. NAYLOR (NORRISTHORPE) LIMITED→ 01013073 · est 1971 · no financials extracted	—	—	—	—	54y	—	—
FIRST CHOICE LANDSCAPES LIMITED→ 04622735 · est 2002 · no financials extracted	—	—	—	—	23y	—	—
FIRTHFIELD FARM LTD→ 08940193 · est 2014 · no financials extracted	—	—	—	—	12y	—	—

Peers ranked by estimated value, then turnover, then opportunity score.See all →

🔒Tailored diligence questions

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 →

🔒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

Incorporated2004-12-02

Jurisdictionengland-wales

Primary SIC01610 — Support activities for crop production

Registered office

Hundhill House, Hundhill Lane

East Hardwick

Pontefract

West Yorkshire

WF8 3DZ

Filing status

Accounts

Next due: 2026-09-29

Last made up to: 2024-12-31

Confirmation statement

Next due: 2026-12-16

Last: 2025-12-02