CARDINAL SUPPLIES LIMITED

🌳Matureactive
08445807 · ltd · incorporated 2013-03-14
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
£78.7k
book net assets
Opportunity
78/100
Strong
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What this business does
Primary activity: Wholesale of clothing and footwear
Sector: Wholesale & retail
Investor take
Pursue
Asset-holding vehicle with a 71-year-old founder — textbook succession opportunity.

Opportunity 78/100 (strong), bankability 75/100. Strong seller-intent signal (68/100, director aged 71). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -35% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (73/100).

Data confidence

Overall: medium (79/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

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
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
37 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.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Positive net assets
Net assets £78,670
Net assets shrinking
Down £35,364 YoY
Cash YoY
-35%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£141k
↓ 35% YoY
Net Worth
£79k
↓ 31% YoY
Current Assets
£263k
↓ 20% YoY
Current Liabilities
—
£0£65k£131k£196k£262k£327kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-03-312024-03-31
Total assets£91.8k£138.3k
Current assets£262.7k£327.2k
Cash£140.9k£215.8k
Debtors£64.5k£52.3k
Net assets£78.7k£114.0k

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

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

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
2
filings
  • • 1 confirmation-statement
  • • 1 officers
Counts from Companies House filing history.
Corporate timeline (21 events)Click to expand
  1. 2026-01-30
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  2. 2026-01-16
    ➖
    SPINK, Emily resigned
    director
  3. 2025-12-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2024-10-30
    📄
    change-person-director-company-with-change-date
    officers · CH01
  5. 2024-10-30
    📄
    change-person-director-company-with-change-date
    officers · CH01
  6. 2024-10-30
    📄
    change-person-director-company-with-change-date
    officers · CH01
  7. 2024-10-30
    📄
    change-person-director-company-with-change-date
    officers · CH01
  8. 2024-10-30
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  9. 2024-10-30
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  10. 2024-10-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2023-08-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2022-12-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2021-12-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2020-12-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  15. 2019-12-23
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  16. 2018-12-20
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  17. 2018-03-05
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  18. 2015-03-31
    ➕
    SPINK, Emily appointed
    director
  19. 2013-03-14
    🏢
    Company incorporated
    As CARDINAL SUPPLIES LIMITED
  20. 2013-03-14
    ➕
    SPINK, Geoffrey appointed
    director
  21. 2013-03-14
    ➕
    SPINK, Maureen appointed
    director

Owner dependency

81/100
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 age: Director aged approximately 71 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

79/100
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 71 years old. Natural succession window is now.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondary12+ year tenure: Director in role 13 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

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mrs Maureen Spink
Individual · British · DOB 09/1957 · age 69
25–50%
25–50%board control25-50% shares · 25-50% voting · board control06/04/2016
Mr Geoffrey Spink
Individual · British · DOB 09/1955 · age 71
25–50%
25–50%board control25-50% shares · 25-50% voting · board control06/04/2016

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

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 →
🔒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
Incorporated2013-03-14
Jurisdictionengland-wales
Primary SIC46420 — Wholesale of clothing and footwear

Registered office

Units 8 & 9 Lincoln Central Industrial Estate
Tentercroft Street
Lincoln
LN5 7ED
England

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-03-15
Last: 2026-03-01

Officers (2 active · 1 resigned)

SPINK, Geoffrey→
director · ~71y · appointed 2013-03-14
View their other companies + combined net worth →
Active
SPINK, Maureen→
director · ~69y · appointed 2013-03-14
View their other companies + combined net worth →
Active
SPINK, Emily→
director · ~32y · appointed 2015-03-31 · resigned 2026-01-16
Resigned

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

Recent filings (37 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-01
termination-director-company-with-name-termination-date
officers · TM01
2026-01-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-01
change-person-director-company-with-change-date
officers · CH01
2024-10-30
change-person-director-company-with-change-date
officers · CH01
2024-10-30
change-person-director-company-with-change-date
officers · CH01
2024-10-30
change-person-director-company-with-change-date
officers · CH01
2024-10-30
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-10-30
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-10-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-10-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-08-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-23