FGH AIRBRAKE LIMITED
🌳Matureactive
06083432 · ltd · incorporated 2007-02-05
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 Mar 2025
Net worth
£258.5k
book net assets
Opportunity
83/100
Exceptional
What this business does
Primary activity: SIC 45310
Sector: Wholesale & retail
Investor take
PursueStrong opportunity: active trading company with exceptional profile and bankable structure.
Opportunity 83/100 (exceptional), bankability 75/100. Strong seller-intent signal (70/100, director aged 58). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 1 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (65/100).
🏦
Refinance opportunity
2 live charges · 2 lenders · oldest 19.3y
30/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 19.3 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Cashflow trend is negative — lender view likely cautious.
Data confidence
Overall: medium (78/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Company profile
address, 1 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
4 officers (3 active, 4 linked, 3 with DOB)
85
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
58 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
83/100Exceptional
PassWatchWorth a lookStrongExceptional
Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
85
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £258,469
Net assets shrinking
Down £11,069 YoY
Cash YoY
-27%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£69k
↓ 27% YoY
Net Worth
£258k
↓ 4.1% YoY
Current Assets
£493k
↓ 16% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Total assets | £261.3k | £298.3k |
| Current assets | £493.2k | £590.0k |
| Cash | £69.2k | £95.3k |
| Debtors | £228.4k | £312.3k |
| Net assets | £258.5k | £269.5k |
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
0
filings
Last 90 days
0
filings
Last 180 days
1
filing
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (25 events)Click to expand
- 2025-09-25📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2024-12-13📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2023-12-08📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2022-12-06📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2021-12-16📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2021-02-11📄change-person-secretary-company-with-change-dateofficers · CH03
- 2021-02-09📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2021-02-09📄change-person-director-company-with-change-dateofficers · CH01
- 2021-02-09📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2021-02-09📄change-person-director-company-with-change-dateofficers · CH01
- 2020-12-17📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2019-12-09📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2018-12-28📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2018-02-19📄mortgage-satisfy-charge-fullmortgage · MR04
- 2018-02-19📄mortgage-charge-whole-release-with-charge-numbermortgage · MR05
- 2018-02-19🔓Charge satisfied #2
- 2017-12-22📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2016-05-20➖GIL, Neil Andrew resigneddirector
- 2010-10-06🔒Charge registered #2Lender: Barclays Bank PLC
- 2007-04-05🔒Charge registered #1Lender: Lloyds Tsb Bank PLC
- 2007-02-05🏢Company incorporatedAs FGH AIRBRAKE LIMITED
- 2007-02-05➕HARRISON, Ian St John appointedsecretary
- 2007-02-05➕FRUISH, Alexander appointeddirector
- 2007-02-05➕HARRISON, Ian St John appointeddirector
- 2007-02-05➕GIL, Neil Andrew appointeddirector
Owner dependency
76/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
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 19 years — deep operational knowledge concentrated in one person.
- +Senior director age: Director aged approximately 58 — approaching natural succession window.
Succession & seller-readiness
69/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- secondaryFounder aged 58+: Senior director is approximately 58. Early succession window.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- secondary12+ year tenure: Director in role 19 years.
- secondaryStable-but-static management: Company is 19 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
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Ian St John Harrison Individual · British · DOB 01/1968 · age 58 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 06/04/2016 |
Mr Alexander Fruish Individual · British · DOB 07/1971 · age 55 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 06/04/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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| FJ MOTORS WARRINGTON LTD→ 15334405 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| FLEXCORE GROUP LTD→ 15199609 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| FORD NIXON LIMITED→ 10371370 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
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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
Incorporated2007-02-05
Jurisdictionengland-wales
Primary SIC45310 — SIC 45310
Registered office
207 Knutsford Road, Grappenhall
Warrington
Cheshire
WA4 2QL
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-02-20
Last: 2026-02-06
Officers (3 active · 1 resigned)
HARRISON, Ian St John→
Activesecretary · appointed 2007-02-05
View their other companies + combined net worth →
FRUISH, Alexander→
Activedirector · ~55y · appointed 2007-02-05
View their other companies + combined net worth →
HARRISON, Ian St John→
Activedirector · ~58y · appointed 2007-02-05
View their other companies + combined net worth →
GIL, Neil Andrew→
Resigneddirector · ~58y · appointed 2007-02-05 · resigned 2016-05-20
Click a director name to see their full track record across all companies.
Mortgages & charges
2
Total charges
1
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Barclays Barclays Bank PLC | Debenture | 1 property | 06/10/2010 | 19/02/2018 | |
| outstanding | Lloyds Banking Group Lloyds Tsb Bank PLC | Debenture deed | 1 property | 05/04/2007 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (58 total)
confirmation-statement-with-updates
confirmation-statement · CS01
2026-03-30
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-09-25
confirmation-statement-with-updates
confirmation-statement · CS01
2025-02-15
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-12-13
confirmation-statement-with-updates
confirmation-statement · CS01
2024-02-07
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-12-08
confirmation-statement-with-updates
confirmation-statement · CS01
2023-02-07
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-12-06
confirmation-statement-with-updates
confirmation-statement · CS01
2022-02-08
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-12-16
change-person-secretary-company-with-change-date
officers · CH03
2021-02-11
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2021-02-09
change-person-director-company-with-change-date
officers · CH01
2021-02-09
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2021-02-09
confirmation-statement-with-updates
confirmation-statement · CS01
2021-02-09