CASTLES UK (MATTRESSES) LIMITED
Opportunity 75/100 (strong), bankability 80/100. High owner-dependency — earn-out structure likely required for clean transition. 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 (58/100).
Refinance opportunity
1 live charge · oldest 16.8y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 16.8 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (79/100)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.
Key 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 | 2025-05-31 | 2024-05-31 |
|---|---|---|
| Average employees | 7 | 700 |
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
- • 1 accounts
Corporate timeline (33 events)Click to expand
- 2026-02-20📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-02-18📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-02-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-02-24📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-06-15📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-02-25📄change-account-reference-date-company-previous-shortenedaccounts · AA01
- 2021-09-03📄termination-director-company-with-name-termination-dateofficers · TM01
- 2021-08-31➖BALDWIN, David Nicholas resigneddirector
- 2021-08-15📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-07-01➕BALDWIN, David Nicholas appointeddirector
- 2021-07-01📄appoint-person-director-company-with-name-dateofficers · AP01
- 2021-06-16➕BALDWIN, Waraporn appointeddirector
- 2021-06-16➖BALDWIN, David Nicholas resigneddirector
- 2021-06-16📄appoint-person-director-company-with-name-dateofficers · AP01
- 2021-06-16📄termination-director-company-with-name-termination-dateofficers · TM01
- 2021-05-27📄change-account-reference-date-company-current-shortenedaccounts · AA01
- 2020-02-25📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-05-23📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-02-27📄change-account-reference-date-company-previous-shortenedaccounts · AA01
- 2018-10-10📄capital-return-purchase-own-sharescapital · SH03
- 2018-08-29➖PRESTON, Graham resigneddirector
- 2014-02-01➕PRESTON, Graham appointeddirector
- 2014-01-10➖ROBERTSON, Ian Hugh resigneddirector
- 2012-09-14➖BALDWIN, Lynn resignedsecretary
- 2012-09-14➖BALDWIN, Lynn resigneddirector
- 2009-09-03🔒Charge registered #1Lender: Hsbc Bank PLC
- 2007-09-30➕BALDWIN, Lynn appointedsecretary
- 2007-09-30➖ROBERTSON, Ian Hugh resignedsecretary
- 2007-06-19🏢Company incorporatedAs CASTLES UK (MATTRESSES) LIMITED
- 2007-06-19➕ROBERTSON, Ian Hugh appointedsecretary
- 2007-06-19➕BALDWIN, David Nicholas appointeddirector
- 2007-06-19➕BALDWIN, Lynn appointeddirector
- 2007-06-19➕ROBERTSON, Ian Hugh 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 19 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
cleanShareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr David Nicholas Baldwin Individual · British · DOB 05/1964 · age 62 | 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 (1 active · 7 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | HSBC Hsbc Bank PLC | Debenture | 1 property | 03/09/2009 | — |