POLYSTEEL (UK) LIMITED

🌳Matureactive

05350360 · ltd · incorporated 2005-02-02

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

approaching window · 12-months

Approaching a transaction window — refinance or sale event plausible in the next 12 months.

· Oldest live charge 21.1y old — refinance window within 12 months

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Jul 2025

Net worth

£939.4k

book net assets

Opportunity

83/100

Exceptional

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What this business does

Primary activity: SIC 46730

Sector: Wholesale & retail

Investor take

Pursue

Asset-holding vehicle. Family succession underway — not a classic acquisition target.

Opportunity 83/100 (exceptional), bankability 85/100. Same-surname younger director in place — likely family handover, not open to sale. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

1 live charge · oldest 21.1y

85/100

ready

Refinance conversation should be productive — structure clean and timing right.

· Oldest live charge is 21.1 years old — likely at or near maturity.
· Single lender — cleanest path to refinance.
· Legal-friction score 15/100 — clean.

Data confidence

Overall: high (80/100)

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

Company profile

address, 1 SIC codes, incorporation date

100

Financials

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

Lenders & charges

1 charges (1/1 with lender, 1/1 with type)

Directors & officers

10 officers (5 active, 10 linked, 7 with DOB)

Ownership & PSC

1 active PSC(s) of 3 total, 3 with control declared

Director network

3 connected companies via shared directors

Filing history

70 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

83/100Exceptional

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 £939,405

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

£939k

↑ 211% YoY

Current Assets

£74k

↓ 22% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2025-07-31	2024-07-31
Total assets	£79.9k	£82.9k
Current assets	£74.3k	£95.4k
Net assets	£939.4k	£-844.4k

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

Recent activity

Last 30 days

filings

• 1 gazette
• 1 accounts

Last 90 days

filings

• 1 gazette
• 1 accounts

Last 180 days

filings

• 1 gazette
• 1 accounts
• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (37 events)Click to expand

2026-07-14
📄
gazette-notice-compulsory
gazette · GAZ1
2026-07-09
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2025-04-26
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2024-12-23
📄
memorandum-articles
incorporation · MA
2024-11-12
📄
resolution
resolution · RESOLUTIONS
2024-05-29
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2023-02-02
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2022-12-07
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-09-06
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2022-09-06
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2022-09-06
📄
appoint-person-director-company-with-name-date
officers · AP01
2022-09-05
➕
WITT, James Anthony John appointed
secretary
2022-09-05
➕
WITT, Ellen appointed
director
2022-09-05
➕
WITT, James Anthony John appointed
director
2022-09-05
➕
WITT, Rebecca appointed
director
2022-09-05
➖
MAGEE, Julian George resigned
secretary
2022-09-05
➖
MAGEE, Christine Mary resigned
director
2022-09-05
➖
MAGEE, Julian George resigned
director
2022-09-05
📄
appoint-person-secretary-company-with-name-date
officers · AP03
2022-09-05
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2022-09-05
📄
termination-director-company-with-name-termination-date
officers · TM01
2022-09-05
📄
termination-director-company-with-name-termination-date
officers · TM01
2022-09-05
📄
termination-secretary-company-with-name-termination-date
officers · TM02
2022-09-05
📄
appoint-person-director-company-with-name-date
officers · AP01
2022-09-05
📄
appoint-person-director-company-with-name-date
officers · AP01
2021-12-08
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2011-12-22
🔓
Charge satisfied #1
2007-05-30
➖
SHEWARD, Joy Lindsey resigned
director
2006-08-31
➖
BUTLER, Sara Jane resigned
secretary
2006-08-31
➕
MAGEE, Julian George appointed
secretary
2005-06-14
🔒
Charge registered #1
Lender: National Westminster Bank PLC
2005-02-02
🏢
Company incorporated
As POLYSTEEL (UK) LIMITED
2005-02-02
➕
BOYCE, Paul Martyn appointed
director
2005-02-02
➕
BUTLER, Sara Jane appointed
secretary
2005-02-02
➕
MAGEE, Christine Mary appointed
director
2005-02-02
➕
MAGEE, Julian George appointed
director
2005-02-02
➕
SHEWARD, Joy Lindsey appointed
director

Owner dependency

73/100

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.
+Founder age: Director aged approximately 82 — succession pressure is live.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

50/100

Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS

primaryFamily succession underway: Not a takeover target — WITT, Ellen (same surname) appointed 2022-09-05. Pattern consistent with intra-family handover.
primaryFounder aged 70+: Senior director is approximately 82 years old. Natural succession window is now.
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

clean

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

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%

Name	Shares	Voting rights	Nature of control	Notified
Mr James Anthony John Witt Individual · British · DOB 04/1944 · age 82	75–100%	—	75-100% shares	05/09/2022

2 historic (ceased) PSCs

Mr Julian George Mageeceased 05/09/2022· 25-50% shares · 25-50% voting
Mrs Christine Mary Mageeceased 05/09/2022· 25-50% shares · 25-50% voting

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 · Wholesale & distribution · SP postcode area

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MATTERMOON LTD→ 15977532 · est 2024 · no financials extracted	—	—	—	—	1y	—	—
NOVA PROCUREMENT LTD→ 16270065 · est 2025 · no financials extracted	—	—	—	—	1y	—	—
PANCHAEA LTD→ 12522865 · est 2020 · no financials extracted	—	—	—	—	6y	—	—
PETER CHARLES EQUESTRIAN LIMITED→ 07105516 · est 2009 · no financials extracted	—	—	—	—	16y	—	—
PROTEGA GLOBAL LIMITED→ 12286651 · est 2019 · no financials extracted	—	—	—	—	6y	—	—
R&CM CONSULTANCY LIMITED→ 16125284 · est 2024 · no financials extracted	—	—	—	—	1y	—	—
REBEL WINE LTD.→ 10293886 · est 2016 · no financials extracted	—	—	—	—	9y	—	—
REBELREGIME LIMITED→ 13498794 · est 2021 · no financials extracted	—	—	—	—	4y	—	—
REDENHAM AGRICULTURE LIMITED→ 10810473 · est 2017 · no financials extracted	—	—	—	—	8y	—	—
REIGN PATH LTD→ 14624059 · est 2023 · no financials extracted	—	—	—	—	3y	—	—

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.

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Company details

Statusactive

Typeltd

Incorporated2005-02-02

Jurisdictionengland-wales

Primary SIC46730 — SIC 46730

Registered office

Unit 10 Whittle Road

Salisbury

SP2 7YS

England

Filing status

Accounts

Next due: 2027-04-30

Last made up to: 2025-07-31

Confirmation statement

Next due: 2027-02-16

Last: 2026-02-02