CRANE RADIATORS LTD
- · Thesis: well-run, low negotiation leverage
Opportunity 74/100 (strong), bankability 67/100. 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: strategic trade sale (63/100).
Refinance opportunity
3 live charges · 3 lenders · oldest 8.3y
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 8.3 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Legal-friction score 25/100 — workable, but lender will want more DD.
Data confidence
Overall: high (81/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredKey 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 |
|---|---|---|
| Total assets | £102.9k | £85.2k |
| Current assets | £113.3k | £99.6k |
| Net assets | £90.9k | £65.2k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
Recent activity
Corporate timeline (23 events)Click to expand
- 2025-09-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-09-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-09-29📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-09-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-03-17📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2021-10-21📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2021-10-18🔒Charge registered #3Lender: Barclays Security Trustee Limited
- 2021-09-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-09-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-06-04📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2020-06-03🔒Charge registered #2Lender: Hsbc UK Bank PLC
- 2020-01-15📄mortgage-satisfy-charge-fullmortgage · MR04
- 2020-01-15🔓Charge satisfied #1
- 2019-09-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2018-09-28📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2018-03-09📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2018-03-09🔒Charge registered #1Lender: Skipton Business Finance Limited
- 2017-09-28📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2017-09-27📄change-person-director-company-with-change-dateofficers · CH01
- 2013-12-05🏢Company incorporatedAs CRANE RADIATORS LTD
- 2013-12-05➕JEAL, Graham appointedsecretary
- 2013-12-05➕JEAL, Graham Frank appointeddirector
- 2013-12-05➕MESSENGER, David William 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
Some succession indicators present. Worth watching; approach if sector/strategy fits.
- 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
cleanShareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Graham Frank Jeal Individual · British · DOB 11/1976 · age 50 | 25–50% | — | 25-50% shares | 06/04/2016 |
Mr David William Messenger Individual · British · DOB 10/1978 · age 48 | 25–50% | — | 25-50% shares | 06/04/2016 |
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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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 · 0 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Barclays Barclays Security Trustee Limited | A registered charge | — | 18/10/2021 | — | |
| outstanding | HSBC Hsbc UK Bank PLC | A registered charge | 1 property | 03/06/2020 | — | |
| satisfied | Skipton Business Finance Skipton Business Finance Limited | A registered charge | 1 property | 09/03/2018 | 15/01/2020 |