CEL SHEET METAL LIMITED
Opportunity 29/100 (pass), bankability 2/100. High owner-dependency — earn-out structure likely required for clean transition. Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: distressed disposal / insolvency (80/100). Current lenders should be on immediate intervention.
Refinance opportunity
6 live charges · 5 lenders · oldest 19.9y
Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.
- · Oldest live charge is 19.9 years old — likely at or near maturity.
- · 5 lenders named — inter-creditor friction likely.
- · Legal-friction score 45/100 (high).
Data confidence
Overall: high (82/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
Clear signal to pass. Time better spent elsewhere unless you have a specific strategic angle.
Signals from accounts
Derived from iXBRL accounts · FRS 102Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2024-06-30 | 2023-06-30 |
|---|---|---|
| Profit before tax | £-151.7k | £50.8k |
| Average employees | 8100 | 6500 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
2 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
- • 2 insolvency
- • 1 officers
- • 4 insolvency
- • 1 officers
- • 1 address
Corporate timeline (51 events)Click to expand
- 2026-05-15➖SHAW, Sonia Michelle resigneddirector
- 2026-05-15📄termination-director-company-with-name-termination-dateofficers · TM01
- 2026-05-07⚠️liquidation-in-administration-statement-of-affairs-with-form-attachedinsolvency · AM02
- 2026-04-28⚠️liquidation-administration-notice-deemed-approval-of-proposalsinsolvency · AM06
- 2026-04-14⚠️liquidation-in-administration-proposalsinsolvency · AM03
- 2026-04-01📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2026-04-01⚠️liquidation-in-administration-appointment-of-administratorinsolvency · AM01
- 2025-11-20➖SEY, Yusufa resigneddirector
- 2025-11-20📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-11-13📄accounts-with-accounts-type-fullaccounts · AA
- 2024-04-02📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-04-02📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-03-28🔒Charge registered #6Lender: Cynergy Business Finance Limited
- 2024-03-28🔒Charge registered #5Lender: Cynergy Business Finance Limited
- 2024-03-12📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-03-12🔓Charge satisfied #1
- 2023-11-07📄accounts-with-accounts-type-fullaccounts · AA
- 2022-12-12📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2022-10-03📄accounts-with-accounts-type-smallaccounts · AA
- 2022-09-30📄change-account-reference-date-company-previous-shortenedaccounts · AA01
- 2022-09-21📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-06-15📄change-account-reference-date-company-previous-shortenedaccounts · AA01
- 2022-06-14📄change-account-reference-date-company-current-extendedaccounts · AA01
- 2022-04-08📄appoint-person-director-company-with-name-dateofficers · AP01
- 2022-04-08📄appoint-person-director-company-with-name-dateofficers · AP01
- 2022-03-15📄appoint-person-director-company-with-name-dateofficers · AP01
- 2022-03-08➕SWEETING, Paul William appointeddirector
- 2022-03-08➖FIELDING, Lisa Michelle resignedsecretary
- 2022-03-08➖FIELDING, Nigel Mark resigneddirector
- 2022-03-08➖PAINTER, Lee resigneddirector
- 2022-03-08➖PETER, David resigneddirector
- 2022-03-08➕SEY, Yusufa appointeddirector
- 2022-03-08➕SHAW, Sonia Michelle appointeddirector
- 2022-03-08🔒Charge registered #4Lender: Close Brothers Limited (The “Security Trustee”)
- 2022-03-08🔒Charge registered #3Lender: Nigel Mark Fielding
- 2022-02-15🔓Charge satisfied #2
- 2014-08-07➖CARTWRIGHT, Simon James resigneddirector
- 2009-09-22➖CLAYTON, Glanville Vaughan resigneddirector
- 2006-11-01➕CARTWRIGHT, Simon James appointeddirector
- 2006-11-01➕CLAYTON, Glanville Vaughan appointeddirector
- 2006-08-24🔒Charge registered #2Lender: The Royal Bank of Scotland PLC
- 2006-08-15🔒Charge registered #1Lender: Rbs Invoice Finance Limited
- 2006-07-01➕PAINTER, Lee appointeddirector
- 2006-07-01➕PETER, David appointeddirector
- 2006-03-30➖FORM 10 SECRETARIES FD LTD resignedcorporate-nominee-secretary
- 2006-03-30➖FORM 10 DIRECTORS FD LTD resignedcorporate-nominee-director
- 2006-03-29🏢Company incorporatedAs CEL SHEET METAL LIMITED
- 2006-03-29➕FIELDING, Lisa Michelle appointedsecretary
- 2006-03-29➕FORM 10 SECRETARIES FD LTD appointedcorporate-nominee-secretary
- 2006-03-29➕FIELDING, Nigel Mark appointeddirector
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +Sole director: Only one active director — all governance concentrated on one person.
Succession & seller-readiness
Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- secondaryStable-but-static management: Company is 20 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
4 high · 2 med ·Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.
Evidence: Next due: 2026-03-31
Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.
Evidence: Next due: 2026-04-09
Company is in a formal insolvency or administration process. Treat accordingly.
Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2026-05-07: liquidation-in-administration-statement-of-affairs-with-form-attached; 2026-04-28: liquidation-administration-notice-deemed-approval-of-proposals
Multiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.
Evidence: SEY, Yusufa resigned 2025-11-20; SHAW, Sonia Michelle resigned 2026-05-15
Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
Cel Sheet Metal (Holdings) Limited 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 |
|---|---|---|---|---|
Cel Sheet Metal (Holdings) Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 08/03/2022 |
3 historic (ceased) PSCs
- Mr Nigel Mark Fieldingceased 08/03/2022· 25-50% shares · 25-50% voting · board control
- Lee Painterceased 08/03/2022· 25-50% shares · 25-50% voting · board control
- David Peterceased 08/03/2022· 25-50% shares · 25-50% voting · board control
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.
See pricing →Similar companies
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14 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 (1 active · 10 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Cynergy Business Finance Cynergy Business Finance Limited | A registered charge | 6 properties | 28/03/2024 | — | |
| outstanding | Cynergy Business Finance Cynergy Business Finance Limited | A registered charge | 6 properties | 28/03/2024 | — | |
| outstanding | Close Brothers Close Brothers Limited (The “Security Trustee”) | A registered charge | — | 08/03/2022 | — | |
| outstanding | Nigel Mark Fielding / David Peter / Lee Painter | A registered charge | — | 08/03/2022 | — | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Debenture | 1 property | 24/08/2006 | 15/02/2022 | |
| satisfied | NatWest Group Rbs Invoice Finance Limited | Fixed and floating charge | 1 property | 15/08/2006 | 12/03/2024 |