ALTARAS INTERNATIONAL WORCESTER LIMITED
Opportunity 77/100 (strong), bankability 77/100. Strong seller-intent signal (73/100, director aged 71). Share purchase looks the cleaner deal structure. 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 14.0y
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 14.0 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Legal-friction score 38/100 — workable, but lender will want more DD.
Data confidence
Overall: high (80/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
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 | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Average employees | 7 | 600 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
Recent activity
- • 2 capital
- • 1 resolution
- • 1 incorporation
- • 3 capital
- • 1 resolution
- • 1 incorporation
- • 13 officers
- • 3 capital
- • 2 mortgage
Corporate timeline (64 events)Click to expand
- 2026-05-17📄capital-alter-shares-subdivisioncapital · SH02
- 2026-05-16📄resolutionresolution · RESOLUTIONS
- 2026-05-16📄memorandum-articlesincorporation · MA
- 2026-05-16📄capital-name-of-class-of-sharescapital · SH08
- 2026-04-14📄capital-alter-shares-subdivisioncapital · SH02
- 2026-03-13📄mortgage-satisfy-charge-fullmortgage · MR04
- 2026-03-13🔓Charge satisfied #3
- 2026-03-04📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2026-03-04📄termination-director-company-with-name-termination-dateofficers · TM01
- 2026-03-04📄termination-director-company-with-name-termination-dateofficers · TM01
- 2026-03-04📄termination-director-company-with-name-termination-dateofficers · TM01
- 2026-03-04📄termination-director-company-with-name-termination-dateofficers · TM01
- 2026-03-04📄termination-director-company-with-name-termination-dateofficers · TM01
- 2026-03-04📄termination-director-company-with-name-termination-dateofficers · TM01
- 2026-03-04📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2026-03-04📄appoint-person-director-company-with-name-dateofficers · AP01
- 2026-03-04📄appoint-person-director-company-with-name-dateofficers · AP01
- 2026-03-04📄appoint-person-director-company-with-name-dateofficers · AP01
- 2026-03-04📄appoint-person-director-company-with-name-dateofficers · AP01
- 2026-03-04📄appoint-person-director-company-with-name-dateofficers · AP01
- 2026-03-02➕FREEMAN-MASSEY, Janet appointedsecretary
- 2026-03-02➕ARMAGNO, Anna Marie appointeddirector
- 2026-03-02➕BEYER, Ruth Ann appointeddirector
- 2026-03-02➕HAGEL, Shawn Rene appointeddirector
- 2026-03-02➕MCILROY, Patrick James appointeddirector
- 2026-03-02➕PUETZ, James Robert appointeddirector
- 2026-03-02➖MCGREEVY, Paul resignedsecretary
- 2026-03-02➖FREIMUND, Jorg Helmut resigneddirector
- 2026-03-02➖LEWIS, Phillip Andrew, Dr resigneddirector
- 2026-03-02➖SIMPSON, Ian resigneddirector
- 2026-03-02➖STEEN, Jason resigneddirector
- 2026-03-02➖STEFFENS, Klaus resigneddirector
- 2026-03-02➖URCH, Mark resigneddirector
- 2026-01-27📄mortgage-satisfy-charge-fullmortgage · MR04
- 2026-01-27🔓Charge satisfied #1
- 2025-09-29📄accounts-with-accounts-type-smallaccounts · AA
- 2024-09-26📄accounts-with-accounts-type-smallaccounts · AA
- 2024-04-12📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-04-01➕URCH, Mark appointeddirector
- 2024-02-02➖FRANCE, Neil John resigneddirector
- 2023-03-06➖HOLLAND, Mark resigneddirector
- 2023-01-27➖SCHACK, Philipp resigneddirector
- 2023-01-19➕LEWIS, Phillip Andrew, Dr appointeddirector
- 2023-01-11➖ROE, Stephen resigneddirector
- 2019-04-16➕MCGREEVY, Paul appointedsecretary
- 2019-04-16➕HOLLAND, Mark appointeddirector
- 2019-01-18➖ARRELL, Emma Jane resigneddirector
- 2019-01-18➕FREIMUND, Jorg Helmut appointeddirector
- 2019-01-18➖HARTSHORN, Roger Laurence resigneddirector
- 2019-01-18➕SCHACK, Philipp appointeddirector
Owner dependency
Some founder dependency, but not acute. A structured handover period should cover most risk.
- -5 active directors: Broader management team in place — suggests transferable governance.
- +Founder age: Director aged approximately 71 — succession pressure is live.
Succession & seller-readiness
Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.
- primaryFounder aged 70+: Senior director is approximately 71 years old. Natural succession window is now.
Red flags
1 med ·Multiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.
Evidence: MCGREEVY, Paul resigned 2026-03-02; FREIMUND, Jorg Helmut resigned 2026-03-02; LEWIS, Phillip Andrew, Dr resigned 2026-03-02
Group structure
Tarpey-Harris 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 |
|---|---|---|---|---|
Tarpey-Harris Limited Corporate entity | 75–100% | — | 75-100% shares | 30/12/2016 |
4 historic (ceased) PSCs
- Tarpey-Harris Limitedceased 31/12/2016· 75-100% shares
- Garner Holdings Limitedceased 31/12/2016· significant influence
- Mr Neil John Franceceased 31/12/2016· 25-50% shares · 25-50% voting
- Mr Ian Simpsonceased 31/12/2016· 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.
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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 (6 active · 14 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 | 18/01/2019 | 13/03/2026 | |
| satisfied | Santander Santander UK PLC (As Security Trustee) | A registered charge | 1 property | 09/07/2013 | 22/12/2016 | |
| satisfied | St Modwen Developments St Modwen Developments Limited | Rent deposit deed | 1 property | 01/06/2012 | 27/01/2026 |