CARLISLE REFRIGERATION (HOLDINGS) LIMITED
Opportunity 68/100 (strong), bankability 77/100. 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: strategic trade sale (63/100).
Refinance opportunity
4 live charges · 4 lenders · oldest 15.1y
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 15.1 years old — likely at or near maturity.
- · 4 lenders named — inter-creditor friction likely.
- · Legal-friction score 33/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (75/100)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.
Signals from accounts
Derived from iXBRL accounts · FRS 102Key financials
1 year extracted from filed iXBRL accountsFinancials
Extracted from Companies House accounts · FRS 102| Metric | 2024-12-31 |
|---|---|
| Total assets | £1.74M |
| Net assets | £1.74M |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
3 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 confirmation-statement
- • 5 officers
- • 3 mortgage
- • 2 address
Corporate timeline (44 events)Click to expand
- 2026-03-25📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2026-02-12📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2026-02-12📄appoint-person-director-company-with-name-dateofficers · AP01
- 2026-02-12📄appoint-person-director-company-with-name-dateofficers · AP01
- 2026-02-12📄termination-director-company-with-name-termination-dateofficers · TM01
- 2026-02-12📄termination-director-company-with-name-termination-dateofficers · TM01
- 2026-02-04📄mortgage-satisfy-charge-fullmortgage · MR04
- 2026-02-04🔓Charge satisfied #2
- 2026-02-03📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2026-02-03📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2026-02-03📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2026-02-02➕MURRAY, Orla appointedsecretary
- 2026-02-02➕HAMPSEY, David appointeddirector
- 2026-02-02➕MEECHAN, Ronald appointeddirector
- 2026-02-02➖HANCOCK, Benjamin David resigneddirector
- 2026-02-02➖SWATTS, Mark Stephen resigneddirector
- 2026-01-14📄mortgage-satisfy-charge-fullmortgage · MR04
- 2026-01-14📄mortgage-satisfy-charge-fullmortgage · MR04
- 2026-01-14🔓Charge satisfied #4
- 2026-01-14🔓Charge satisfied #3
- 2025-09-29📄accounts-with-accounts-type-fullaccounts · AA
- 2024-07-17📄accounts-with-accounts-type-groupaccounts · AA
- 2024-05-01📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC05
- 2024-01-19📄change-account-reference-date-company-previous-shortenedaccounts · AA01
- 2024-01-11📄accounts-with-accounts-type-groupaccounts · AA
- 2023-09-15📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2023-09-15📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2023-09-14📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-09-13📄resolutionresolution · RESOLUTIONS
- 2023-09-13📄memorandum-articlesincorporation · MA
- 2023-09-13🔒Charge registered #4Lender: Hsbc UK Bank PLC
- 2023-09-05➕HANCOCK, Benjamin David appointeddirector
- 2023-09-05➖LOWE, David Eric resigneddirector
- 2023-09-05➖LOWE, Heather Joan resigneddirector
- 2023-09-05➕SWATTS, Mark Stephen appointeddirector
- 2023-09-05🔒Charge registered #3Lender: Corpacq Limited
- 2023-09-05🔒Charge registered #2Lender: Mark Swatts
- 2022-04-01➖THOMPSON, David Robert resignedsecretary
- 2020-03-05🔓Charge satisfied #1
- 2018-04-01➕LOWE, Heather Joan appointeddirector
- 2011-06-03🔒Charge registered #1Lender: The Royal Bank of Scotland PLC
- 2011-05-12➕THOMPSON, David Robert appointedsecretary
- 2010-04-20🏢Company incorporatedAs CARLISLE REFRIGERATION (HOLDINGS) LIMITED
- 2010-04-20➕LOWE, David Eric appointeddirector
Owner dependency
Some founder dependency, but not acute. A structured handover period should cover most risk.
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
Succession & seller-readiness
Limited succession signal. Not a near-term off-market candidate.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
Red flags
2 med · 1 lowMultiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.
Evidence: HANCOCK, Benjamin David resigned 2026-02-02; SWATTS, Mark Stephen resigned 2026-02-02
Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Multiple address changes in a short period can indicate operational instability or admin disorder.
Group structure
Trane Uk 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 |
|---|---|---|---|---|
Trane Uk Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 02/02/2026 |
3 historic (ceased) PSCs
- Carlisle Refrigeration Group Holdings Limitedceased 02/02/2026· 75-100% shares
- Mrs Heather Joan Loweceased 05/09/2023· 50-75% shares · 50-75% voting
- David Eric Loweceased 24/02/2017· 25-50% shares · 25-50% voting
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.
See pricing →Similar companies
Active · Manufacturing · CA postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| CLASSIC RESTORATION AND REPAIR LTD→ 12041424 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| CUMBRIA GRANITE MEMORIALS LIMITED→ 14890139 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| CUMBRIA PROFILING LIMITED→ 04116449 · est 2000 · no financials extracted | — | — | — | — | 25y | — | — |
| CUMBRIA RADIATORS LIMITED→ 05580363 · est 2005 · no financials extracted | — | — | — | — | 20y | — | — |
| CUMBRIAN TAYLOR'S LIMITED→ 16762625 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| CW PLANT SERVICES LIMITED→ 10811789 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| D. D. FABRICATIONS LIMITED→ 05776681 · est 2006 · no financials extracted | — | — | — | — | 20y | — | — |
| DARKWOOD FORGE LTD→ 15978381 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| DAVID BELL FABRICATIONS LIMITED→ 15114384 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| DAVID MARRS LIMITED→ 11663773 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| DEAN NELSON FABRICATIONS LTD→ 09734017 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
| DENIMOLITE LTD→ 14901563 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
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 (3 active · 5 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | HSBC Hsbc UK Bank PLC | A registered charge | 1 property | 13/09/2023 | 14/01/2026 | |
| satisfied | Corpacq Corpacq Limited | A registered charge | — | 05/09/2023 | 14/01/2026 | |
| satisfied | Mark Swatts | A registered charge | — | 05/09/2023 | 04/02/2026 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Debenture | 1 property | 03/06/2011 | 05/03/2020 |