CE-CES LIMITED

🌳Matureactive

06504887 · ltd · incorporated 2008-02-15

Investment thesis

Established operating company — standard diligence applies, no dominant angle.

Why interesting: Live, filing, normal profile.

Why risky: No standout signals in either direction.

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Mar 2025

Net worth

—

book net assets

Opportunity

74/100

Strong

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What this business does

Primary activity: Non-specialised wholesale trade

Sector: Wholesale & retail

Investor take

Pass (distressed without resilience)

Distressed active trading company — structural issues outweigh the discount.

Opportunity 74/100 (strong), bankability 57/100. 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: 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

3 live charges · 3 lenders · oldest 18.3y

35/100

too messy

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

· Oldest live charge is 18.3 years old — likely at or near maturity.
· 3 lenders named — inter-creditor friction likely.
· Legal-friction score 35/100 — workable, but lender will want more DD.

Data confidence

Overall: high (81/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile

address, 1 SIC codes, incorporation date

100

Financials

2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed

Lenders & charges

3 charges (3/3 with lender, 3/3 with type)

Directors & officers

7 officers (5 active, 7 linked, 6 with DOB)

Ownership & PSC

1 active PSC(s) of 3 total, 3 with control declared

Director network

7 connected companies via shared directors

Filing history

86 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

74/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Adequate — check latest filings for context.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Some moderate concerns — review flags.

Signal strength

100

Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

—

Current Assets

—

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

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

filings

• 3 persons-with-significant-control
• 1 officers

Last 90 days

filings

• 3 persons-with-significant-control
• 1 officers

Last 180 days

filings

• 3 persons-with-significant-control
• 1 officers

Counts from Companies House filing history.

Corporate timeline (35 events)Click to expand

2026-06-29
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2026-06-29
📄
change-person-director-company-with-change-date
officers · CH01
2026-06-29
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2026-06-29
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-12-31
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-31
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-03-13
📄
gazette-filings-brought-up-to-date
gazette · DISS40
2024-03-12
📄
gazette-notice-compulsory
gazette · GAZ1
2024-03-08
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-03-08
📄
change-person-director-company-with-change-date
officers · CH01
2024-03-08
📄
change-person-director-company-with-change-date
officers · CH01
2024-03-07
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-03-05
📄
change-person-director-company-with-change-date
officers · CH01
2024-03-05
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-03-05
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-03-05
📄
change-person-director-company-with-change-date
officers · CH01
2024-03-05
📄
change-person-secretary-company-with-change-date
officers · CH03
2024-03-05
📄
change-person-director-company-with-change-date
officers · CH01
2024-03-05
📄
change-person-director-company-with-change-date
officers · CH01
2022-12-16
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-05-17
📄
change-person-secretary-company-with-change-date
officers · CH03
2021-10-13
🔒
Charge registered #3
Lender: National Westminster Bank Public Limited Company
2018-03-13
➕
EDGE, Malcolm Kenneth appointed
director
2018-03-13
➕
WATERMAN, Marina Aneila appointed
director
2016-06-16
➖
HORMAN, Reginald David resigned
director
2014-08-01
➕
HORMAN, Reginald David appointed
director
2014-06-20
🔓
Charge satisfied #2
2014-04-11
➕
TARBUN, Philip James appointed
director
2013-11-06
🔒
Charge registered #2
Lender: Sme Invoice Finance Limited
2009-02-14
➖
WATERMAN, Marina Aniela resigned
director
2008-04-07
🔒
Charge registered #1
Lender: Rbs Invoice Finance Limited
2008-03-01
➕
EDGE, Benjamin Walford appointed
director
2008-02-15
🏢
Company incorporated
As CE-CES LIMITED
2008-02-15
➕
EDGE, Malcolm Kenneth appointed
secretary
2008-02-15
➕
WATERMAN, Marina Aniela appointed
director

Owner dependency

73/100

High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS

-4 active directors: Broader management team in place — suggests transferable governance.
+Long-tenure founder: Senior director has been in place 18 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 82 — succession pressure is live.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

78/100

Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS

primaryFounder aged 70+: Senior director is approximately 82 years old. Natural succession window is now.
secondary12+ year tenure: Director in role 18 years.
secondaryStable-but-static management: Company is 18 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

1 high ·

Confirmation statement overdue

high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2026-05-27

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%

Name	Shares	Voting rights	Nature of control	Notified
Mr Benjamin Walford Edge Individual · British · DOB 06/1972 · age 54	75–100%	75–100%	board control75-100% shares · 75-100% voting · board control	14/05/2025

2 historic (ceased) PSCs

Mr Malcolm Kenneth Edgeceased 14/05/2025· significant influence
Mr Ben Walford Edgeceased 14/05/2025· significant influence

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

🔒Co-director network graph

Radial SVG graph showing every company connected via shared directors, colour-coded by status.

Available from the Pro tier upwards.

See pricing →

Similar companies

Active · Wholesale & distribution · LA postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
ATKD CONSULTING LTD→ 13243559 · est 2021 · no financials extracted	—	—	—	—	5y	—	—
AXIS MACHINES LTD→ 12674664 · est 2020 · no financials extracted	—	—	—	—	5y	—	—
BASILWORTH LIMITED→ 16234145 · est 2025 · no financials extracted	—	—	—	—	1y	—	—
BILGE PUMP BREWERY LTD→ 15262632 · est 2023 · no financials extracted	—	—	—	—	2y	—	—
BUCHAN TECHNICAL SERVICES LIMITED→ 06491184 · est 2008 · no financials extracted	—	—	—	—	18y	—	—
BUILDERS SUPPLY (NORTH WEST) LIMITED→ 01222280 · est 1975 · no financials extracted	—	—	—	—	50y	—	—
CASUALWEAR CORNER LTD→ 16321773 · est 2025 · no financials extracted	—	—	—	—	1y	—	—
CHALMERST LIMITED→ 16567077 · est 2025 · no financials extracted	—	—	—	—	—	—	—
CHARNLEY'S HOME AND GARDEN LIMITED→ 05340947 · est 2005 · no financials extracted	—	—	—	—	21y	—	—
CHECK-ON ENTERPRISES LIMITED→ 07178031 · est 2010 · no financials extracted	—	—	—	—	16y	—	—
CHIP OFF THE OLD BLOCK CATERING SUPPLIES LTD→ 16539157 · est 2025 · no financials extracted	—	—	—	—	—	—	—
CHIPTECH INTERNATIONAL LIMITED→ 11928721 · est 2019 · no financials extracted	—	—	—	—	7y	—	—

Peers ranked by estimated value, then turnover, then opportunity score.See all →

🔒Tailored diligence questions

8 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

Incorporated2008-02-15

Jurisdictionengland-wales

Primary SIC46900 — Non-specialised wholesale trade

Registered office

33 Princes Crescent

Morecambe

Lancashire

LA4 6BY

England

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-31

Confirmation statement

Next due: 2026-05-27OVERDUE

Last: 2025-05-13