READMAN FABRICATIONS LIMITED

🌳Matureactive
08281189 · ltd · incorporated 2012-11-05
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
—
year to Oct 2024
Net worth
—
book net assets
Opportunity
78/100
Strong
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What this business does
Primary activity: SIC 25990
Sector: Manufacturing
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 78/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (73/100).

Data confidence

Overall: high (80/100)

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
75
Lenders & charges
Confirmed no charges registered
85
Directors & officers
3 officers (2 active, 3 linked, 3 with DOB)
90
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
33 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
78/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0Oct 2023Oct 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-10-312023-10-31
Average employees200200

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
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (19 events)Click to expand
  1. 2025-07-22
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-07-18
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2023-10-25
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  4. 2023-10-16
    ➕
    READMAN, Angela appointed
    director
  5. 2023-07-19
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2022-07-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2021-07-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2020-07-20
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2019-07-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2018-11-21
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  11. 2018-11-21
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  12. 2018-10-01
    ➖
    READMAN, James resigned
    director
  13. 2018-07-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  14. 2017-07-24
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2016-07-28
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2015-12-02
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  17. 2015-03-01
    ➕
    READMAN, James appointed
    director
  18. 2012-11-05
    🏢
    Company incorporated
    As READMAN FABRICATIONS LIMITED
  19. 2012-11-05
    ➕
    READMAN, Graham appointed
    director

Owner dependency

89/100
Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Founder name in company name: Company name contains director surname "READMAN" — strong identity link between founder and business.
  • +Senior director age: Director aged approximately 61 — approaching natural succession window.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

59/100
Strong succession signal

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

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 61. Early succession window.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondary12+ year tenure: Director in role 14 years.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr Graham Readman
Individual · British · DOB 03/1969 · age 57
50–75%
—50-75% shares06/04/2016
1 historic (ceased) PSC
  • Mr James Readmanceased 12/11/2018· 25-50% shares

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 →

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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 →
🔒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.

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Company details

Statusactive
Typeltd
Incorporated2012-11-05
Jurisdictionengland-wales
Primary SIC25990 — SIC 25990

Registered office

5 Henson Close
South Church Business Park
Bishop Auckland
Co Durham
DL14 6WA

Filing status

Accounts
Next due: 2026-07-31
Last made up to: 2024-10-31
Confirmation statement
Next due: 2026-12-01
Last: 2025-11-17

Officers (2 active · 1 resigned)

READMAN, Angela→
director · ~61y · appointed 2023-10-16
View their other companies + combined net worth →
Active
READMAN, Graham→
director · ~57y · appointed 2012-11-05
View their other companies + combined net worth →
Active
READMAN, James→
director · ~36y · appointed 2015-03-01 · resigned 2018-10-01
Resigned

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

Recent filings (33 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-12-01
accounts-with-accounts-type-micro-entity
accounts · AA
2025-07-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-11-29
accounts-with-accounts-type-micro-entity
accounts · AA
2024-07-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-17
appoint-person-director-company-with-name-date
officers · AP01
2023-10-25
accounts-with-accounts-type-micro-entity
accounts · AA
2023-07-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-29
accounts-with-accounts-type-micro-entity
accounts · AA
2022-07-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-11-29
accounts-with-accounts-type-micro-entity
accounts · AA
2021-07-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-11-24
accounts-with-accounts-type-micro-entity
accounts · AA
2020-07-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-11-26