CHESTNUT TRADING LIMITED

🌳Matureactive

05496483 · ltd · incorporated 2005-07-01

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

—

year to Feb 2025

Net worth

—

book net assets

Opportunity

79/100

Strong

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What this business does

Primary activity: Non-specialised wholesale trade

Sector: Wholesale & retail

Investor take

Pursue

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

Opportunity 79/100 (strong), bankability 67/100. Strong seller-intent signal (80/100, director aged 59). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

3 live charges · 3 lenders · oldest 15.4y

35/100

too messy

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

· Oldest live charge is 15.4 years old — likely at or near maturity.
· 3 lenders named — inter-creditor friction likely.
· Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: high (82/100)

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

3 charges (3/3 with lender, 3/3 with type)

Directors & officers

9 officers (3 active, 9 linked, 5 with DOB)

Ownership & PSC

1 active PSC(s) of 2 total, 2 with control declared

Director network

12 connected companies via shared directors

Filing history

81 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

79/100Strong

PassWatchWorth a lookStrongExceptional

Solid opportunity signal. Worth a dedicated memo and management meeting.

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.

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

—

Current Assets

—

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102

Metric	2025-02-28	2024-02-29
Average employees	1200	1200

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

filing

• 1 confirmation-statement

Last 90 days

filing

• 1 confirmation-statement

Last 180 days

filing

• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (37 events)Click to expand

2025-06-24
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-03-27
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-03-27
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-04-01
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-05-06
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2020-07-16
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2019-06-14
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2018-09-19
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2017-12-02
📄
mortgage-satisfy-charge-full
mortgage · MR04
2017-12-02
🔓
Charge satisfied #2
2017-11-17
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2017-11-15
🔒
Charge registered #3
Lender: Clydesdale Bank PLC (Trading as Both Clydesdale and Yorkshire Bank) (Company Number SC001111)
2017-10-05
➖
SUTCLIFFE, Andrew Joseph resigned
secretary
2017-10-05
📄
termination-secretary-company-with-name-termination-date
officers · TM02
2017-10-05
📄
mortgage-satisfy-charge-full
mortgage · MR04
2017-10-05
🔓
Charge satisfied #1
2017-07-28
📄
appoint-person-secretary-company-with-name-date
officers · AP03
2017-07-24
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2017-07-17
➕
SUTCLIFFE, Bridget appointed
secretary
2017-07-17
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2017-07-17
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2016-06-29
➕
SUTCLIFFE, Martin John appointed
director
2013-07-30
➖
SUTCLIFFE, Kelly Jane resigned
director
2013-06-05
🔒
Charge registered #2
Lender: Alastair Robert Withenshaw
2011-02-22
🔒
Charge registered #1
Lender: P/F Rainbow Seafood
2007-11-21
➖
SHORT, Lester Michael resigned
director
2007-11-21
➕
SUTCLIFFE, Kelly Jane appointed
director
2006-07-05
➖
ELLIS, Damon Jules resigned
director
2005-07-07
➕
SUTCLIFFE, Andrew Joseph appointed
director
2005-07-07
➕
SUTCLIFFE, Andrew Joseph appointed
secretary
2005-07-07
➕
ELLIS, Damon Jules appointed
director
2005-07-07
➕
SHORT, Lester Michael appointed
director
2005-07-01
🏢
Company incorporated
As CHESTNUT TRADING LIMITED
2005-07-01
➕
FORM 10 SECRETARIES FD LTD appointed
corporate-nominee-secretary
2005-07-01
➖
FORM 10 SECRETARIES FD LTD resigned
corporate-nominee-secretary
2005-07-01
➕
FORM 10 DIRECTORS FD LTD appointed
corporate-nominee-director
2005-07-01
➖
FORM 10 DIRECTORS FD LTD resigned
corporate-nominee-director

Owner dependency

84/100

Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

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 21 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

76/100

Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS

secondaryFounder aged 58+: Senior director is approximately 59. Early succession window.
secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
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.

Group structure

Ct Pyro Group Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️

Ct Pyro Group Limited

Corporate parent · holds 75-100% shares

ultimate parent

⬇

CHESTNUT TRADING LIMITED

This company · 05496483

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
Ct Pyro Group Limited Corporate entity	75–100%	75–100%	75-100% shares · 75-100% voting	07/07/2017

1 historic (ceased) PSC

Mr Andrew Joseph Sutcliffeceased 07/07/2017· 75-100% shares · 75-100% voting · board control

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 · LN postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
ANDREW J MUSSON LIMITED→ 06446061 · est 2007 · no financials extracted	—	—	—	—	18y	—	—
ASTBURY COLLECTIONS LIMITED→ 08004938 · est 2012 · no financials extracted	—	—	—	—	14y	—	—
ATLANTIC HORIZON LTD→ 16811748 · est 2025 · no financials extracted	—	—	—	—	—	—	—
BOTTLE & SHOTS LTD→ 15541935 · est 2024 · no financials extracted	—	—	—	—	2y	—	—
BR3W LTD→ 12392931 · est 2020 · no financials extracted	—	—	—	—	6y	—	—
BRITPAK TRADING LIMITED→ 15711372 · est 2024 · no financials extracted	—	—	—	—	1y	—	—
BUCKETS ANIMAL FEEDS LTD→ 10976902 · est 2017 · no financials extracted	—	—	—	—	8y	—	—
CAISTOR FARM & GARDEN MACHINERY LIMITED→ 10923817 · est 2017 · no financials extracted	—	—	—	—	8y	—	—
CATHEDRAL BLINDS LINCOLN LIMITED→ 13847584 · est 2022 · no financials extracted	—	—	—	—	4y	—	—
CITY GLASS LINCOLN LIMITED→ 16829524 · est 2025 · no financials extracted	—	—	—	—	—	—	—
CLAIRE ARMITAGE R.H.A.D. LIMITED→ 03797069 · est 1999 · no financials extracted	—	—	—	—	26y	—	—
CLASSIC FURNITURE (BINBROOK) LIMITED→ 03233080 · est 1996 · no financials extracted	—	—	—	—	29y	—	—

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

Incorporated2005-07-01

Jurisdictionengland-wales

Primary SIC46900 — Non-specialised wholesale trade

Registered office

Unit 2 Binbrook Technical Park

Binbrook

Market Rasen

Lincolnshire

LN8 6HF

Filing status

Accounts

Next due: 2026-11-30

Last made up to: 2025-02-28

Confirmation statement

Next due: 2027-07-15

Last: 2026-07-01

Officers (3 active · 6 resigned)

SUTCLIFFE, Bridget→

secretary · appointed 2017-07-17

View their other companies + combined net worth →

Active

SUTCLIFFE, Andrew Joseph→

director · ~49y · appointed 2005-07-07

View their other companies + combined net worth →

Active

SUTCLIFFE, Martin John→

director · ~59y · appointed 2016-06-29

View their other companies + combined net worth →

Active

SUTCLIFFE, Andrew Joseph→

secretary · appointed 2005-07-07 · resigned 2017-10-05

Resigned

FORM 10 SECRETARIES FD LTD→

corporate-nominee-secretary · appointed 2005-07-01 · resigned 2005-07-01

Resigned

ELLIS, Damon Jules→

director · ~50y · appointed 2005-07-07 · resigned 2006-07-05

Resigned

SHORT, Lester Michael→

director · ~45y · appointed 2005-07-07 · resigned 2007-11-21

Resigned

SUTCLIFFE, Kelly Jane→

director · ~47y · appointed 2007-11-21 · resigned 2013-07-30

Resigned

FORM 10 DIRECTORS FD LTD→

corporate-nominee-director · appointed 2005-07-01 · resigned 2005-07-01

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:3 of 3 shown

		Type	Properties
outstanding	Virgin Money Clydesdale Bank PLC (Trading as Both Clydesdale and Yorkshire Bank) (Company Number SC001111)	A registered charge	—	15/11/2017	—
satisfied	Alastair Robert Withenshaw	A registered charge	1 property	05/06/2013	02/12/2017
satisfied	P/F Rainbow Seafood	Rent deposit deed	1 property	22/02/2011	05/10/2017

Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (81 total)

confirmation-statement-with-updates

confirmation-statement · CS01

2026-07-02

confirmation-statement-with-updates

confirmation-statement · CS01

2025-07-03