2K POLYMER SYSTEMS LIMITED
- · Thesis: well-run, low negotiation leverage
Opportunity 83/100 (exceptional), bankability 67/100. High owner-dependency — earn-out structure likely required for clean transition. 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
4 live charges · 3 lenders · oldest 18.7y
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 18.7 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Legal-friction score 40/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (58/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.
Recent activity
Corporate timeline (53 events)Click to expand
- 2025-10-03📄accounts-with-accounts-type-fullaccounts · AA
- 2024-10-03📄accounts-with-accounts-type-fullaccounts · AA
- 2023-10-05📄accounts-with-accounts-type-fullaccounts · AA
- 2023-04-11📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2023-04-11📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2023-03-01➕MANNING, Heather Hathaway appointedsecretary
- 2023-02-28➖GONZALEZ-MAGAZ, Jose resignedsecretary
- 2022-09-08📄accounts-with-accounts-type-fullaccounts · AA
- 2022-05-18📄appoint-person-director-company-with-name-dateofficers · AP01
- 2022-05-18📄change-person-secretary-company-with-change-dateofficers · CH03
- 2022-05-18📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2022-05-18📄termination-director-company-with-name-termination-dateofficers · TM01
- 2022-05-18📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2022-05-17➕JENKINS, Courtney Elizabeth appointeddirector
- 2022-05-17➕GONZALEZ-MAGAZ, Jose appointedsecretary
- 2022-05-17➖GRAUER, Corey resignedsecretary
- 2022-05-17➖GERNES, Timothy John resigneddirector
- 2021-10-02📄accounts-with-accounts-type-fullaccounts · AA
- 2021-04-08📄appoint-person-director-company-with-name-dateofficers · AP01
- 2021-04-07📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2021-04-07📄appoint-person-director-company-with-name-dateofficers · AP01
- 2021-04-07📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2021-04-06📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2021-04-06📄termination-director-company-with-name-termination-dateofficers · TM01
- 2021-04-01➕ANDERSON, Jeffrey Daniel appointeddirector
- 2021-04-01➕GRAUER, Corey appointedsecretary
- 2021-04-01➕GERNES, Timothy John appointeddirector
- 2021-04-01➖HACKETT, Mark resigneddirector
- 2020-10-07📄accounts-with-accounts-type-fullaccounts · AA
- 2020-03-13➖GRIFFITHS, Sydney James resigneddirector
- 2017-01-13➖DEVONPORT, Paul resigneddirector
- 2017-01-13➕GRIFFITHS, Sydney James appointeddirector
- 2017-01-13➕HACKETT, Mark appointeddirector
- 2017-01-13➖PATERSON, Robert Leslie resigneddirector
- 2017-01-13➖PATERSON, Robert Ian resigneddirector
- 2017-01-04🔓Charge satisfied #1
- 2016-12-14🔓Charge satisfied #4
- 2013-04-12🔒Charge registered #4Lender: National Westminster Bank PLC
- 2012-02-26➖MACKNAMARA, Len resigneddirector
- 2007-08-31🔒Charge registered #3Lender: Rbs Invoice Finance Limited
- 2007-08-31🔒Charge registered #2Lender: Rbs Invoice Finance
- 2007-08-01➕DEVONPORT, Paul appointeddirector
- 2007-08-01➕MACKNAMARA, Len appointeddirector
- 2007-08-01🔒Charge registered #1Lender: National Westminster Bank PLC
- 2007-02-06🏢Company incorporatedAs 2K POLYMER SYSTEMS LIMITED
- 2007-02-06➕PATEL, Nimesh appointedsecretary
- 2007-02-06➕PATEL, Nimesh appointeddirector
- 2007-02-06➕EUROLIFE SECRETARIES LIMITED appointedcorporate-secretary
- 2007-02-06➖EUROLIFE SECRETARIES LIMITED resignedcorporate-secretary
- 2007-02-06➕PATERSON, Robert Leslie appointeddirector
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +Long-tenure founder: Senior director has been in place 19 years — deep operational knowledge concentrated in one person.
- +Senior director age: Director aged approximately 60 — approaching natural succession window.
Succession & seller-readiness
Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.
- secondaryFounder aged 58+: Senior director is approximately 60. Early succession window.
- 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
cleanGroup structure
The Marmon Group 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 |
|---|---|---|---|---|
The Marmon Group Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 01/04/2021 |
1 historic (ceased) PSC
- Mitek Industries Limitedceased 01/04/2021· 75-100% shares · firm interest
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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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 →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 (5 active · 11 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | National Westminster Bank National Westminster Bank PLC | A registered charge | 1 property | 12/04/2013 | 14/12/2016 | |
| outstanding | NatWest Group Rbs Invoice Finance Limited | Fixed and floating charge | 1 property | 31/08/2007 | — | |
| outstanding | NatWest Group Rbs Invoice Finance | Chattel mortgage | 1 property | 31/08/2007 | — | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Debenture | 1 property | 01/08/2007 | 04/01/2017 |