COBACO LIMITED
- · Thesis: well-run, low negotiation leverage
Opportunity 66/100 (strong), bankability 77/100. Biggest value-creation lever: Consolidate lender relationships. 6 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: strategic trade sale (63/100).
Refinance opportunity
7 live charges · 6 lenders · oldest 20.1y
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 20.1 years old — likely at or near maturity.
- · 6 lenders named — inter-creditor friction likely.
- · Legal-friction score 30/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (61/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Recent activity
Corporate timeline (60 events)Click to expand
- 2025-09-09📄accounts-with-accounts-type-dormantaccounts · AA
- 2024-08-19➕ATTERBURY, Karen Lorraine appointedsecretary
- 2024-08-19➕ATTERBURY, Karen Lorraine appointeddirector
- 2024-08-19➖HENDERSON, Charles Alex resignedsecretary
- 2024-08-19➖HENDERSON, Charles Alex resigneddirector
- 2024-08-19📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-08-19📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2024-08-19📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2024-08-19📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-07-04📄accounts-with-accounts-type-dormantaccounts · AA
- 2023-08-02📄accounts-with-accounts-type-dormantaccounts · AA
- 2022-09-13📄accounts-with-accounts-type-dormantaccounts · AA
- 2021-09-30📄accounts-with-accounts-type-dormantaccounts · AA
- 2020-09-16📄accounts-with-accounts-type-fullaccounts · AA
- 2020-01-10📄accounts-with-accounts-type-smallaccounts · AA
- 2019-11-02📄second-filing-capital-allotment-sharescapital · RP04SH01
- 2019-10-09📄statement-of-companys-objectschange-of-constitution · CC04
- 2019-10-09📄resolutionresolution · RESOLUTIONS
- 2019-09-24📄legacycapital · SH20
- 2019-09-24📄capital-statement-capital-company-with-date-currency-figurecapital · SH19
- 2019-09-24⚠️legacyinsolvency · CAP-SS
- 2019-09-24📄resolutionresolution · RESOLUTIONS
- 2019-02-26🔓Charge satisfied #7
- 2019-02-26🔓Charge satisfied #6
- 2019-02-26🔓Charge satisfied #5
- 2019-02-22➕WHITEHOUSE, Joel Paul appointeddirector
- 2019-02-22➕HENDERSON, Charles Alex appointedsecretary
- 2019-02-22➖COOPER, Glenn Charles resigneddirector
- 2019-02-22➖COOPER, Heather Maria resigneddirector
- 2019-02-22➕HENDERSON, Charles Alex appointeddirector
- 2018-11-27🔓Charge satisfied #4
- 2018-04-09➖HULL, Christopher John resigneddirector
- 2017-11-30➕COOPER, Glenn Charles appointeddirector
- 2017-11-30➕HULL, Christopher John appointeddirector
- 2017-11-30➖SHIPLEY, Peter David resigneddirector
- 2017-11-01➖CLEGG, Mark resigneddirector
- 2017-08-11🔒Charge registered #7Lender: Clydesdale Bank PLC (Trading as Both Clydesdale Bank and Yorkshire Bank)
- 2015-07-20➖BALL, Robert Nicholas resigneddirector
- 2015-07-20➖COOPER, Glenn Charles resigneddirector
- 2015-07-20➕SHIPLEY, Peter David appointeddirector
- 2015-07-20🔒Charge registered #6Lender: Ldc (Managers) LTD
- 2014-09-19➕CLEGG, Mark appointeddirector
- 2013-02-15🔒Charge registered #5Lender: Ldc (Managers) Limited (Security Trustee)
- 2012-06-08🔓Charge satisfied #3
- 2012-04-27🔒Charge registered #4Lender: National Westminster Bank PLC
- 2010-09-28➖WOOD, Christopher James resignedsecretary
- 2007-12-24🔓Charge satisfied #2
- 2007-12-24🔓Charge satisfied #1
- 2007-12-21🔒Charge registered #3Lender: Bank of Scotland PLC
- 2006-04-06🔒Charge registered #2Lender: National Westminster Bank PLC
Owner dependency
Some founder dependency, but not acute. A structured handover period should cover most risk.
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
Succession & seller-readiness
Limited succession signal. Not a near-term off-market candidate.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
Red flags
1 high · 1 med ·Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2019-09-24: legacy
Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
Cobaco Holdings Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.
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 |
|---|---|---|---|---|
Cobaco Holdings Ltd Corporate entity | 75–100% | — | 75-100% shares | 06/04/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
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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 →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
Registered office
Filing status
Officers (3 active · 12 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Virgin Money Clydesdale Bank PLC (Trading as Both Clydesdale Bank and Yorkshire Bank) | A registered charge | 1 property | 11/08/2017 | 26/02/2019 | |
| satisfied | Ldc (Managers) Ldc (Managers) LTD | A registered charge | — | 20/07/2015 | 26/02/2019 | |
| satisfied | Ldc (Managers) (Security Trustee) Ldc (Managers) Limited (Security Trustee) | Composite guarantee and debenture | 1 property | 15/02/2013 | 26/02/2019 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Debenture | 1 property | 27/04/2012 | 27/11/2018 | |
| satisfied | Lloyds Banking Group Bank of Scotland PLC | Debenture | 1 property | 21/12/2007 | 08/06/2012 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Debenture | 1 property | 06/04/2006 | 24/12/2007 | |
| satisfied | Alan Taylor as Security Trustee for the Secured Parties (The Security Trustee) | Debenture | 1 property | 06/04/2006 | 24/12/2007 |