BLACK GARLIC (UK) LIMITED
Opportunity 75/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (58/100).
Refinance opportunity
2 live charges · 2 lenders · oldest 13.6y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 13.6 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (78/100)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 · accounting standard unknown| Metric | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Average employees | 500 | 500 |
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
Corporate timeline (27 events)Click to expand
- 2025-09-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-08-09📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-08-09📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2024-08-01📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-06-27📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-06-27📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-06-10📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-05-31➖PRINGLE, Andrew Kenneth resigneddirector
- 2023-03-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-01-05📄change-person-director-company-with-change-dateofficers · CH01
- 2023-01-04📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2022-07-20📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-07-07📄capital-allotment-sharescapital · SH01
- 2022-07-07📄resolutionresolution · RESOLUTIONS
- 2021-09-15📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-08-23📄change-person-director-company-with-change-dateofficers · CH01
- 2021-08-23📄change-person-director-company-with-change-dateofficers · CH01
- 2021-08-23📄change-person-director-company-with-change-dateofficers · CH01
- 2021-08-12📄capital-variation-of-rights-attached-to-sharescapital · SH10
- 2017-08-19➕HEATH, Kathryn Louise appointeddirector
- 2015-03-09🔓Charge satisfied #1
- 2015-01-29🔒Charge registered #2Lender: Secure Trust Bank PLC
- 2012-11-30🔒Charge registered #1Lender: Aldermore Invoice Finance, a Division of Aldermore Bank PLC
- 2012-08-01➖HEATH, Kathryn Louise resigneddirector
- 2012-08-01➕PRINGLE, Andrew Kenneth appointeddirector
- 2010-08-19🏢Company incorporatedAs BLACK GARLIC (UK) LIMITED
- 2010-08-19➕HEATH, Kathryn Louise 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 16 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 |
|---|---|---|---|---|
Ms Kathryn Louise Heath Individual · British · DOB 06/1974 · age 52 | 75–100% | — | 75-100% shares | 06/04/2016 |
1 historic (ceased) PSC
- Mr Andrew Kenneth Pringleceased 15/01/2024· 25-50% shares
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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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 · 2 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Secure Trust Bank Secure Trust Bank PLC | A registered charge | — | 29/01/2015 | — | |
| satisfied | Aldermore Aldermore Invoice Finance, a Division of Aldermore Bank PLC | Debenture | 1 property | 30/11/2012 | 09/03/2015 |