ATHENA WORKSURFACE FABRICATIONS LTD
Opportunity 73/100 (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 6.0y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 6.0 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: high (82/100)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 | 2025-06-30 | 2024-06-30 |
|---|---|---|
| Average employees | 54 | 5000 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
2 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
- • 1 mortgage
- • 1 officers
- • 1 mortgage
- • 1 officers
- • 1 confirmation-statement
Corporate timeline (30 events)Click to expand
- 2026-04-27📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2026-04-17🔒Charge registered #2Lender: Lloyds Bank Commercial Finance Limited
- 2026-03-27📄termination-director-company-with-name-termination-dateofficers · TM01
- 2026-03-24➖WHITMORE, Jonathan Michael resigneddirector
- 2025-12-08📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-07-29📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-07-24➖POWELL, Chris resigneddirector
- 2025-04-29📄change-person-director-company-with-change-dateofficers · CH01
- 2025-04-25📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-04-01➕WHITMORE, Jonathan Michael appointeddirector
- 2025-03-25📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-03-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-06-01📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-05-27📄second-filing-of-confirmation-statement-with-made-up-dateconfirmation-statement · RP04CS01
- 2023-05-25📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-02-01➕POWELL, Chris appointeddirector
- 2022-03-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-06-16📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2021-06-14📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2021-06-14📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2021-02-16📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-06-04📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2020-05-26🔒Charge registered #1Lender: Lloyds Bank PLC
- 2020-01-14📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2016-06-30➖REYNOLDS, Mark David resigneddirector
- 2015-07-01➕REYNOLDS, Mark David appointeddirector
- 2014-06-19🏢Company incorporatedAs ATHENA WORKSURFACE FABRICATIONS LTD
- 2014-06-19➕MILES, Adam John appointeddirector
- 2014-06-19➕SARGENT, David appointeddirector
- 2014-06-19➖SARGENT, David resigneddirector
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
Some succession indicators present. Worth watching; approach if sector/strategy fits.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
1 med ·Multiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.
Evidence: POWELL, Chris resigned 2025-07-24; WHITMORE, Jonathan Michael resigned 2026-03-24
Group structure
Athena Group Holdings 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 |
|---|---|---|---|---|
Athena Group Holdings Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 04/05/2021 |
2 historic (ceased) PSCs
- Mr Adam John Milesceased 04/05/2021· 75-100% shares · 75-100% voting · board control
- Mr Adam John Milesceased 06/04/2016· 75-100% shares · 75-100% voting · board control
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.
See pricing →Similar companies
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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 · 4 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group Lloyds Bank Commercial Finance Limited | A registered charge | — | 17/04/2026 | — | |
| outstanding | Lloyds Banking Group Lloyds Bank PLC | A registered charge | — | 26/05/2020 | — |