A40 PACKAGING LIMITED

🌳Matureactive

06439799 · ltd · incorporated 2007-11-28

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

—

not disclosed

Net worth

—

book net assets

Opportunity

79/100

Strong

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What this business does

Primary activity: Packaging activities

Sector: Administrative & support services

Investor take

Pursue

Strong opportunity: active trading company with strong profile and acceptable with review structure.

Opportunity 79/100 (strong), bankability 67/100. Strong seller-intent signal (80/100, director aged 59). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 4 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 · 4 lenders · oldest 18.4y

35/100

too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

· Oldest live charge is 18.4 years old — likely at or near maturity.
· 4 lenders named — inter-creditor friction likely.
· Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: low (54/100)

Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.

Company profile

address, 1 SIC codes, incorporation date

100

Financials

No iXBRL financials extracted

Lenders & charges

4 charges (4/4 with lender, 4/4 with type)

Directors & officers

5 officers (3 active, 5 linked, 2 with DOB)

Ownership & PSC

2 active PSC(s) of 2 total, 2 with control declared

Director network

Network not yet resolved

Filing history

61 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

79/100Strong

PassWatchWorth a lookStrongExceptional

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Recent activity

Last 30 days

filings

• 1 mortgage
• 1 address

Last 90 days

filings

• 1 mortgage
• 1 address

Last 180 days

filings

• 1 mortgage
• 1 address
• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (35 events)Click to expand

2026-06-10
📄
mortgage-satisfy-charge-full
mortgage · MR04
2026-06-10
🔓
Charge satisfied #2
2026-05-28
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-07-08
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-01-03
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-04-22
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-05-05
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-08-30
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-07-21
📄
memorandum-articles
incorporation · MA
2022-07-21
📄
resolution
resolution · RESOLUTIONS
2022-07-20
📄
capital-name-of-class-of-shares
capital · SH08
2022-07-19
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-07-19
📄
capital-variation-of-rights-attached-to-shares
capital · SH10
2022-07-19
📄
statement-of-companys-objects
change-of-constitution · CC04
2022-07-18
📄
capital-allotment-shares
capital · SH01
2021-10-11
📄
mortgage-satisfy-charge-full
mortgage · MR04
2021-10-11
🔓
Charge satisfied #3
2021-09-21
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2021-09-16
🔒
Charge registered #4
Lender: Sme Invoice Finance Limited
2021-08-04
📄
mortgage-satisfy-charge-full
mortgage · MR04
2021-08-04
🔓
Charge satisfied #1
2021-06-28
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-02-18
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2021-02-18
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2008-10-09
🔒
Charge registered #3
Lender: Rbs Invoice Finance Limited
2008-02-01
🔒
Charge registered #2
Lender: Bilton PLC
2008-01-14
🔒
Charge registered #1
Lender: The Royal Bank of Scotland PLC
2007-11-29
➖
FORM 10 SECRETARIES FD LTD resigned
corporate-nominee-secretary
2007-11-29
➖
FORM 10 DIRECTORS FD LTD resigned
corporate-nominee-director
2007-11-28
🏢
Company incorporated
As A40 PACKAGING LIMITED
2007-11-28
➕
YORATH, Ian Robert appointed
secretary
2007-11-28
➕
SMITH, David John appointed
director
2007-11-28
➕
YORATH, Ian Robert appointed
director
2007-11-28
➕
FORM 10 SECRETARIES FD LTD appointed
corporate-nominee-secretary
2007-11-28
➕
FORM 10 DIRECTORS FD LTD appointed
corporate-nominee-director

Owner dependency

76/100

High — earn-out structure required

Material 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 59 — approaching natural succession window.

Succession & seller-readiness

69/100

Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS

secondaryFounder aged 58+: Senior director is approximately 59. 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

1 med · 1 low

Charge satisfaction-then-recreation pattern

medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Multiple registered office changes

low

Multiple address changes in a short period can indicate operational instability or admin disorder.

Shareholders & ownership

2 active beneficial owners

Name	Shares	Voting rights	Nature of control	Notified
Mr Ian Robert Yorath Individual · British · DOB 04/1973 · age 53	25–50%	25–50%	25-50% shares · 25-50% voting	06/04/2016
Mr David John Smith Individual · British · DOB 11/1967 · age 59	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.

Similar companies

Active · Trade services · TW postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
2DI LIMITED→ 08733394 · est 2013 · no financials extracted	—	—	—	—	12y	—	—
3PLE H SECURITY LIMITED→ 15415198 · est 2024 · no financials extracted	—	—	—	—	2y	—	—
3RD NOVEMBER LIMITED→ 08238258 · est 2012 · no financials extracted	—	—	—	—	13y	—	—
4 MIDDLE LANE LTD→ 13361436 · est 2021 · no financials extracted	—	—	—	—	4y	—	—
40 KIDBROOKE PARK ROAD MANAGEMENT LIMITED→ 02829256 · est 1993 · no financials extracted	—	—	—	—	32y	—	—
4C CLEANING LTD→ 10591176 · est 2017 · no financials extracted	—	—	—	—	9y	—	—
5TARFINIS LIMITED→ 15587539 · est 2024 · no financials extracted	—	—	—	—	2y	—	—
7 PARK ROAD RESIDENTS LIMITED→ 03027417 · est 1995 · no financials extracted	—	—	—	—	31y	—	—
A BARNES LIMITED→ 10674006 · est 2017 · no financials extracted	—	—	—	—	9y	—	—
A1 TOTAL CONTROLS LIMITED→ 10927424 · est 2017 · no financials extracted	—	—	—	—	8y	—	—
A3R LIMITED→ 13086766 · est 2020 · no financials extracted	—	—	—	—	5y	—	—
AA BEAUTY LTD→ 11494163 · est 2018 · no financials extracted	—	—	—	—	7y	—	—

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 →

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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.

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Company details

Statusactive

Typeltd

Incorporated2007-11-28

Jurisdictionengland-wales

Primary SIC82920 — Packaging activities

Registered office

6 Fordbridge Road

Ashford

Middlesex

TW15 2SG

England

Filing status

Accounts

Next due: 2026-08-31

Last made up to: 2024-11-30

Confirmation statement

Next due: 2026-12-12

Last: 2025-11-28

Officers (3 active · 2 resigned)

YORATH, Ian Robert→

secretary · appointed 2007-11-28

View their other companies + combined net worth →

Active

SMITH, David John→

director · ~59y · appointed 2007-11-28

View their other companies + combined net worth →

Active

YORATH, Ian Robert→

director · ~53y · appointed 2007-11-28

View their other companies + combined net worth →

Active

FORM 10 SECRETARIES FD LTD→

corporate-nominee-secretary · appointed 2007-11-28 · resigned 2007-11-29

Resigned

FORM 10 DIRECTORS FD LTD→

corporate-nominee-director · appointed 2007-11-28 · resigned 2007-11-29

Resigned

Click a director name to see their full track record across all companies.

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:4 of 4 shown

		Type	Properties
outstanding	Sme Invoice Finance Sme Invoice Finance Limited	A registered charge	—	16/09/2021	—
satisfied	NatWest Group Rbs Invoice Finance Limited	Debenture	1 property	09/10/2008	11/10/2021
satisfied	Bilton Bilton PLC	Deposit deed	1 property	01/02/2008	10/06/2026
satisfied	Lloyds Banking Group The Royal Bank of Scotland PLC	Debenture	1 property	14/01/2008	04/08/2021

Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (61 total)

mortgage-satisfy-charge-full

mortgage · MR04

2026-06-10

change-registered-office-address-company-with-date-old-address-new-address

address · AD01

2026-05-28

confirmation-statement-with-updates

confirmation-statement · CS01

2025-12-15

accounts-with-accounts-type-total-exemption-full

accounts · AA

2025-07-08

change-registered-office-address-company-with-date-old-address-new-address

address · AD01

2025-01-03

confirmation-statement-with-no-updates

confirmation-statement · CS01

2025-01-03

accounts-with-accounts-type-total-exemption-full

accounts · AA

2024-04-22

confirmation-statement-with-no-updates

confirmation-statement · CS01

2023-12-07

accounts-with-accounts-type-total-exemption-full

accounts · AA

2023-05-05

confirmation-statement-with-updates

confirmation-statement · CS01

2023-01-06

accounts-with-accounts-type-total-exemption-full

accounts · AA

2022-08-30

memorandum-articles

incorporation · MA

2022-07-21

resolution

resolution · RESOLUTIONS

2022-07-21

capital-name-of-class-of-shares

capital · SH08

2022-07-20

change-registered-office-address-company-with-date-old-address-new-address

address · AD01

2022-07-19